Seoul hotel prices soar to record highs as tourist boom overwhelms supply

In Seoul, even a hotel room costing 1 million won ($705) a night is hard to come by. From five-star towers in the affluent Gangnam district to budge...

POSCO Future M lands $470 mn anode deal with US carmaker

POSCO Future M Co., South Korea’s leading battery materials maker, has bagged a 671 billion won ($470 million) deal to supply anodes to a US a...

CATL chief to meet Hyundai Motor head, CEOs of Korean rivals, battery materials firms

Robin Zeng, founder and chairman of Chinese battery manufacturer Contemporary Amperex Technology Co. (CATL), is expected to discuss partnership with...

OCI invests $78 mn in Vietnam wafer plant for US solar expansion

South Korean solar cell company OCI Holdings Co. is deepening its advance into the US clean energy market with a $78 million investment in a wafer m...

Kospi surges past 3,600 for 1st time in post-holiday catch-up rally

South Korea’s stock market extended its record-breaking run on Friday, surging past the 3,600-point mark for the first time in its history.Sem...

Sephora, Ulta snap up K-beauty exclusives before Olive Young’s US debut

A K-beauty showdown is brewing in the world’s largest cosmetics market. Sephora and Ulta Beauty are racing to lock in exclusive deals with Sou...

Korea’s battery materials maker Enchem scraps $143 mn US plant plan

Enchem Co., a South Korean battery materials maker, has scrapped its plan to invest $143 million to build a plant in the US due to the protracted do...

Samsung, SK Hynix join OpenAI’s $500 bn Stargate project with HBM supply pacts

Samsung Electronics Co. and SK Hynix Inc., the world’s two largest memory chipmakers, have agreed to strengthen collaboration with OpenAI Inc....

S.Korea’s battery materials sector shows 1st signs of recovery

South Korea’s exports of rechargeable-battery materials rose for the first time in more than two years, buoyed by brisk demand for energy stor...

CJ CGV ends 15-year US multiplex run with Los Angeles closure

CJ CGV Co., South Korea’s largest cinema chain operator, has shut its last US theater in Los Angeles, ending a 15-year run in North America as...

Samsung clears Nvidia hurdle for 12-layer HBM3E supply, setting stage for HBM4 battle

Samsung Electronics Co. has won long-awaited validation from Nvidia Corp. for its latest high-bandwidth memory, clearing a critical hurdle in the ra...

POSCO, ReElement look to build integrated rare earth, magnet production plant in US

POSCO International Corp. has signed a memorandum of understanding (MOU) with ReElement Technologies LLC to cooperate on building an integrated rare...

Detained Koreans return home; Raid likely to delay US battery plant by 3 months

More than 300 South Koreans who were detained in a massive immigration raid on a battery joint venture between Hyundai Motor Co. and LG Energy Solut...

Eric Trump hails South Korea as Asia’s crypto market leader

Eric Trump, the second son of US President Donald Trump, on Tuesday hailed South Korea as the frontrunner in Asia’s cryptocurrency market and ...

S.Korean firms to overhaul US workforce supply, see delays, higher costs

South Korean companies building plants in the US are reassessing their projects and overhauling workforce supply after US authorities last week deta...

LG Chem to raise up to $2.2 bn in Korea’s largest PRS deal, backed by LG Energy stake

South Korea’s leading chemicals maker, LG Chem Ltd., has set out to raise as much as 3 trillion won ($2.2 billion) through a stock-linked fina...

US raid on Hyundai-LG plant seen as 2026 midterm gambit

NEW YORK – A surprise raid by US Immigration and Customs Enforcement (ICE) on a Hyundai-LG battery plant project in Georgia may be part of the...

S.Korea rattled by detention of hundreds of workers at Hyundai-LG battery JV in sweeping US raid

Several hundred workers at an electric vehicle battery joint venture between Hyundai Motor Co. and LG Energy Solution Ltd., which is currently und...

LG Energy Solution wins $11 billion battery supply deal from Mercedes-Benz

LG Energy Solution Ltd., one of the world’s top battery makers, has won an order to supply electric vehicle batteries to German automotive gia...

Korean dining chains sweep across US, boon for K-sauce  

Korean dining chains are springing up across the US, fueled by health-conscious eating trends and the surging influence of Korean pop culture, boost...

Korean tycoons head to US to support summit; Samsung likely to unveil fresh investment

The heads of South Korea’s largest conglomerates are heading to the US to support a Seoul-Washington summit, with investors watching closely f...

STIC Investments set to acquire laundry chain Cleantopia

STIC Investments Inc., a Seoul-based private equity firm, is set to acquire Cleantopia, South Korea’s largest laundry service franchise operat...

Celltrion gains ground as one of most-prescribed drug suppliers in Italy

Celltrion Inc., South Korea’s leading biosimilar maker, has been securing a string of orders from regional governments in Italy for autoimmune...

Posco Future M ships 1st cathodes made with domestic precursors to Ultium Cells

POSCO Future M Co., South Korea’s leading battery materials maker, has begun shipping cathode materials entirely produced with domestically so...

Samsung to produce Apple’s next-gen chips at US foundry plant

The global memory chip powerhouse Samsung Electronics Co. will produce chips for Apple Inc. at its semiconductor manufacturing facilities in the US,...

Global private equity firms line up for laundry chain Cleantopia, now up for grabs

JKL Partners, a South Korean private equity firm, is set to finalize a shortlist of bidders this month for Cleantopia, the country’s largest l...

LG Energy secures $4.3 bn LFP battery deal from Tesla in shift from CATL

LG Energy Solution Ltd. on Wednesday announced a $4.3 billion deal to supply lithium iron phosphate (LFP) batteries to a foreign client, identified ...

SK Innovation to Merge SK On and SK Enmove to Strengthen Battery Unit

SK Innovation is betting big on an internal reshuffle to turn things around for its struggling battery business.The South Korean energy and chemicals ...

LIG Nex1 edges out Hanwha to lead S.Korea’s ‘Iron Dome’ project

South Korea’s LIG Nex1 Co. will lead development of the country’s next-generation missile defense system, beating out longtime rival Han...

SK Nexilis, LG Energy revive supply ties as US seeks China decoupling

SK Nexilis Co., the world’s largest copper foil maker, has decided to move past a years-long rift with former key client LG Energy Solution Lt...