Business tie-ups

Naver, CJ ink $531 mn deal on entertainment content, logistics

South Korea’s largest internet portal Naver Corp. and logistics and entertainment conglomerate CJ Group have signed a 600 billion won ($531 mill...

Brokerage firms at odds on Hyundai Glovis outlook

Brokerage firms are showing sharp divide in the share price outlook of Hyundai Glovis Co., a logistics unit of the Hyundai Automotive Group. The optim...

Licensing agreements

LG to provide ice-making tech for Electrolux's French door refrigerators

South Korea's tech giant LG Electronics Inc. announced on Oct. 26 that it has entered into a patent-licensing agreement with Sweden-based Electrolux t...

Quarterly earnings

Hyundai Motor reports Q3 loss on $2 bn provisioning

Hyundai Motor Co. turned to an operating loss in the third quarter, after it booked 2.1 trillion won ($1.9 billion) as one-off charges related to its ...

Lee Kun-hee's legacy

Why Lee set fire to over 150,000 mobile phones

This is the first of a four-part series that will delve into Chairman Lee Kun-hee’s New Management initiative that charted Samsung's course to b...

Obituary

Photos: biography timeline of the late Lee Kun-hee

Samsung Chairman Lee Kun-hee, credited with transforming South Korea’s small television maker into a global tech giant, passed away on Oct. 25 a...

Post Lee Kun-hee

Samsung heirs’ $9 bn tax bill may lead to share sale, weak control

The three children and the wife of Samsung Group Chairman Lee Kun-hee, who died on Oct. 25 at the age of 78, is expected to face inheritance taxes of ...

Obituary

Samsung chairman, who led tech giant’s leapfrog to global brand, dies, aged 78

Lee Kun-hee led the Samsung Group between 1987 and 2013 Lee Kun-hee, chairman of the world’s top smartphone and TV manufacturer Samsung Gro...

Robot chefs

Hyundai Robotics, KFC team up to make chicken-frying robot chefs

Hyundai Robotics Co. and global fried chicken franchise KFC have agreed to jointly develop automated chicken-frying robots as the South Korean industr...

Earnings

POSCO swings to Q3 operating profit vs Q2; steel demand on rise

POSCO, the world’s fifth-largest steelmaker, has swung to an operating profit in the third quarter from the second quarter, when it reported its...

Pre-IPOs

KKR mulls investment in Hyundai Heavy's maintenance arm

South Korea's leading shipbuilder Hyundai Heavy Industries Holdings Co. is in talks with global private equity firm KKR to secure investments as part ...

Display earnings

LG Display swings to Q3 profit, ending six-quarter string of losses

LG Display Co., a major South Korean display panel maker, has swung to a quarterly profit for the first time in seven quarters on growing demand amid ...

Cylindrical batteries

LG Chem gears up to supply new batteries to Tesla; shares surge

Shares of LG Chem Ltd. surged on Oct. 22 as investors snapped up the electric vehicle battery maker on Tesla Inc.’s record quarterly earnings, a...

IPOs

Korean fried chicken brand eyes global expansion post-IPO

Kyochon F&B, South Korea’s No.1 fried chicken franchise operator, will increase its number of overseas outlets by more than tenfold by 2025 ...

Business expansion

Samsung heir Jay Y. Lee visits plants in Vietnam

Samsung Electronics Co. Vice Chairman Jay Y. Lee, currently in Vietnam, has toured its smartphone, TV and other electronics plants there, as the compa...

Partnerships

LG Display and Disney partner to offer new viewing experiences

South Korea’s LG Display Co. and US-based StudioLAB have entered a three-year partnership that will combine the local display maker's innovative...

AI semiconductors

AI chip market heats up, to tip over $100 bn in deals

The global semiconductor industry has been swamped with a series of massive deals this year, likely to tip over $100 billion in deal volume as compani...

Bio earnings

Samsung Biologics Jan-Sept profit beats entire 2019 gains

Samsung Biologics Co., the world’s largest contract manufacturing organization (CMO) in terms of capacity, posted an operating profit of 200.2 b...

Earnings

LG Chem’s Q3 profit soars, battery earnings at record high

South Korea’s LG Chem Ltd. reported on Oct. 21 that its quarterly revenue and operating profit rose to all-time highs in the July-September peri...

Immersive content

SK Telecom tackles 5G content business

South Korea's largest mobile carrier SK Telecom Co. aims to ramp up its 5G content business and foray into overseas markets to boost its presence in t...

Business Expansion

Samsung’s Jay Y. Lee meets Vietnam's PM Phuc to discuss business ties

Samsung Electronics Co. Vice Chairman Jay Y. Lee met with Vietnam’s Prime Minister Nguyen Xuan Phuc on Oct. 20 to discuss ways to strengthen bus...

Shareholding restructuring

Hyundai Gloivis, Mobis shares jump on ownership revamp hopes

Two Hyundai Motor Group arms – Hyundai Glovis Co. and Hyundai Mobis Co. – saw their shares rocket Oct. 20 on growing market talk of a poss...

Korean ATM maker hits jackpot abroad in cashless society

Sberbank of Russia, the country's No.1 bank, unveiled its cutting-edge automated teller machine (ATM) last month in a virtual event. The newly reveale...

Global brand

Samsung overtakes Coca-Cola in brand value; highest among Asian firms

Samsung Electronics Co.’s global brand has risen to the highest ranking among Asian companies, as the South Korean tech giant overtook Coca-Cola...

Roll-up TVs

LG Electronics launches world’s first roll-up TV

LG Electronics Inc. has unveiled the world’s first roll-up TV in the Korean market as the South Korean consumer electronics giant aims to enhanc...

Battery recycling

Hyundai Glovis, Hyundai Motor, LG Chem get nod on EV battery recycling

The South Korean government has eased regulations to allow local automakers and battery makers to collaborate on recycling used electric-vehicle batte...

Eco-friendly material

LG Chem develops world's first biodegradable plastic alternative

LG Chem Ltd. has developed the world's first 100% biodegradable material that can replace plastic as the company moves to take the lead in the global ...

Quality cost

Hyundai, Kia to reflect $2.94 bn quality costs in Q3 results

Hyundai Motor Co. and affiliate Kia Motors Corp. said on Oct. 19 that a combined 3.36 trillion won ($2.94 billion) in quality-related costs will be re...

LG Chem to hold market lead with tenfold battery patents vs CATL: executive

South Korea’s LG Chem Ltd., which has heavily invested in research and development projects, says it will retain its market lead over close riva...