The korea economic daily

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 ...

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 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 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 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 ...

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, ...

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...

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...

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...

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 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...

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 ...

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...

Hyosung to accelerate asset sales, IPOs to spur growth in hydrogen, data businesses

Hyosung Group, a South Korean textile and chemicals conglomerate, is accelerating efforts to sell assets and list major subsidiaries on the local bour...

Korea’s Hanjin Heavy up for sale, preliminary bidding by Oct. 26

Creditors of Hanjin Heavy Industries & Construction Co. will put the cash-strapped South Korean shipbuilder up for sale next month as the lenders ...

Hyundai exports hydrogen vehicles to world’s No. 1 oil producer Saudi Aramco

Hyundai Motor Co. has shipped four hydrogen-powered vehicles to Saudi Arabian Oil Co., the world’s largest oil producer, at a time when even the...

KB Financial to end coal project financing for low-carbon economy

KB Financial Group will no longer finance coal power projects at home and abroad, nor invest in them, said the South Korean banking group, with a set ...

LS Electric develops battery temperature sensor for ESS

LS Electric Co., a South Korean electric power and automation equipment maker, has developed a battery cell temperature sensor (BTS) that can monitor ...

Samsung creeps up on Apple in US online smartphone sales

Samsung Electronics Co. has sharply narrowed its gap with Apple Inc. in the US online smartphone market during the second quarter of this year to arri...

Foreign cloud service providers led by Amazon, MS play big in Korea

Global cloud service providers such as Amazon Web Services (AWS) are taking a greater share of South Korea’s serverless computing market, where ...

Korean unicorn Krafton eyes 2021 IPO to raise over $850 mn

South Korean games developer Krafton Inc., 13.2% owned by Tencent Holdings’ investment arm, is seeking to raise over 1 trillion won ($852 millio...

Hyundai Motor hires two AI experts to strengthen foothold in future mobility

Hyundai Motor Group has hired two artificial intelligence experts as the company aims to secure its position in the future mobility sector, including ...

Tesla unveiling offers opportunity for Korean EV battery makers; shares down

Tesla Inc.’s announcement that it will adopt a new battery technology to significantly improve an electric vehicle’s range and power shoul...

Tesla CEO's tweets allay concerns over EV battery supplies; LG Chem shares rise

Shares of LG Chem Ltd. rebounded on Sept. 22 from their shaky performance in the past few sessions, buoyed by Tesla Inc. founder Elon Musk’s com...

Korea’s tractor and farm machinery maker envisions smart mobility firm

Daedong Industrial Co., South Korea’s leading tractor and farm machinery maker, aims to transform into a smart mobility company, applying autono...

BTS label Big Hit’s caginess upsets investors ahead of IPO bookbuilding

Big Hit Entertainment Co., home to the seven-member boy band BTS, is set to hold its first official IPO-related conference for South Korean institutio...

S. Korea to grow green biotech industry to $10.6 bn by 2030; nurture talent

The South Korean government said on Sept. 21 that it will triple the size of the country’s green biotechnology industry over the next decade and...

AXA General sale off to shaky start with Kyobo Life as sole bidder

The sale process of AXA General Insurance Co. got off to a shaky start with only Kyobo Life Insurance Co. making a preliminary bid on Sept. 18. Shinha...