Interview

Now Systems looks to metal detector market for EV batteries

Now Systems Co., a South Korean metal detector maker, is looking to enter the digital detection equipment market to check metals used in rechargeable ...

Proxy adviser

Top proxy adviser ISS approves of LG Chem’s battery spin-off

LG Chem Ltd.’s plan to spin off its promising battery business has won support from the world’s top proxy adviser Institutional Shareholde...

Future mobility

SK Telecom to spin off mobility unit, launch JV with Uber

SK Telecom Co. is spinning off its mobility platform business as a separate entity and also launching a joint venture with US ride-hailing company Ube...

Korean equities

Credit Suisse says Korean stocks remain cheap

South Korean bourses may have been Asia’s top performers since global stock markets hit troughs in March, but the country remains Credit Suisse'...

Private equity exit

IMM PE seeks to exit Korean power cable maker

Taihan Electric Wire factory located in Dangjin, Korea IMM Private Equity has put a majority stake in South Korea’s Taihan Electric Wire Co...

Proxy adviser

Glass Lewis recommends LG Chem investors approve battery spin-off

Leading proxy adviser Glass Lewis has recommended that LG Chem Ltd. investors vote to approve the company’s plan to split off its battery busine...

Hydrogen economy

Hyundai’s hydrogen push gains steam under new leadership

Hyundai Motor Co. is taking the lead in the South Korean government drive to push the hydrogen economy as one of the country’s new growth engine...

ESG

K-beauty, fashion companies ride ESG wave

South Korea's fashion and beauty companies are jumping on the environmental, social, governance (ESG) bandwagon to lure more environmentally conscious...

Leadership change

New Hyundai Motor Chairman Chung Euisun sets sights on future mobility

Chung Euisun, executive vice chairman of Hyundai Motor Co., has assumed the chairmanship of Hyundai Motor Group, officially confirming his ascension t...

Samsung Electronics embraces ESG for company assessment

South Korean companies are becoming more proactive in prioritizing environmental, social and governance (ESG) standards. In line with the ESG wave, Sa...

Future mobility

Hyundai Motor begins Singapore innovation lab construction

Hyundai Motor Co., South Korea’s biggest automaker, has begun building an innovation lab in Singapore as part of its efforts to explore new mobi...

ESG

Hyosung’s recycled yarn from PET bottles lures fashion brands

Hyosung TNC Corp. is experimenting with something that may seem strange in the eyes of some: making recycled yarn from discarded PET bottles, in a pro...

LNG carriers

Daewoo wins $1.8 bn LNG ship orders from Europe

Daewoo Shipbuilding & Marine Engineering Co. has secured $1.8 billion in orders to build six liquefied natural gas (LNG) carriers in Europe, in it...

Roll-up TVs

LG Electronics to launch world’s first roll-up TV in October

LG Electronics Inc. plans to release the world’s first roll-up TV later this month as the South Korean consumer electronics giant aims to enhanc...

Earnings

LG Chem surprises market with record Q3 earnings estimates

LG Chem Ltd., South Korea’s largest chemical and electric vehicle battery maker, expects its quarterly revenue and operating profit to rise to a...

Hydrogen fuel

SK Gas sets sights on liquid hydrogen as LPG market fizzles

SK Gas Ltd., South Korea’s No. 1 liquefied petroleum gas (LPG) producer, is preparing to enter the liquid hydrogen manufacturing market as part ...

Foundry business

Samsung’s Lee hastens to Netherlands in intense rivalry with TSMC

On Oct. 8, the same day Samsung Electronics Co. surprised markets with forecast-beating quarterly earnings estimates, its Vice Chairman Jay Y. Lee fle...

LG Electronics

LG Electronics expects record Q3 results on brisk home appliance, TV sales

LG Electronics Inc. expects its operating profit to rise to a quarterly record in the July-September period thanks to solid growth in its television a...

Hyundai Motor

Hyundai Motor unveils sustainable fashion collection from recycled car materials

Hyundai Motor Co. displayed fashion items made of discarded materials from the automotive manufacturing and scrapping process on Oct. 8, calling it a ...

Samsung Electronics

Samsung Elec flags surprise Q3 profit; to reach 2-yr high on phones, Huawei

Samsung Electronics Co.’s third-quarter profit likely jumped nearly 60% to its highest point in two years, smashing market expectations, thanks ...

Hydrogen truck

Hyundai makes inroads into Europe’s hydrogen commercial vehicle market

Hyundai Motor Co. has delivered seven hydrogen-powered trucks to Switzerland in its foray into Europe’s eco-friendly commercial vehicle market, ...

Steel

POSCO partners with ExxonMobil to target LNG storage tank materials market

POSCO, South Korea’s largest steel producer, will collaborate with US-based oil giant Exxon Mobil Corp. to develop liquefied natural gas (LNG) t...

Automobiles

Hyundai Mobis to invest $25 mn in UK vehicle smart display firm

Hyundai Mobis Co., South Korea’s largest auto parts maker, said on Oct. 7 it will invest $25 million in a UK automotive smart display company in...

Bio

Celltrion founder aims to raise $1 bn for healthcare startup from global funds

Seo Jung-jin, founder and chairman of South Korea’s biosimilar maker Celltrion Group, said on Oct. 6 that he is in talks with a number of global...

Bond issue

Shinhan Card to issue $300 mn in dollar bonds; first such issue in 13 years

Shinhan Card Co. is set to issue $300 million (about 340 billion won) worth of dollar bonds at the end of this month for overseas investors, according...

Samsung Electronics

Samsung beats TSMC to win new Qualcomm order to make mobile chips

Samsung Electronics Co. has clinched a deal with Qualcomm Technologies Inc. to manufacture 5G-capable mobile application processors designed for mid-r...

KEPCO set to finance $190 mn for Vietnam’s coal power plant project

Korea Electric Power Corp. (KEPCO) will move forward with its participation in Vietnam’s coal-fired power plant project, after the deal came clo...

Batteries

China’s CATL poised to overtake LG Chem as top EV battery maker

Global competition for the world’s top spot for the manufacture of rechargeable batteries is getting fiercer as China is stepping up efforts to ...

Automobiles

Robust SUV sales drive Korean carmakers’ US market share to 9-yr high

South Korean automakers’ share of the US passenger car market has risen to its highest level in nine years, boosted by brisk sales of sport util...