SK On to build LFP battery plant in Korea for ESS output, targeting $13.5 billion govt projects

SK On Co., a major South Korean battery maker, has decided to build the country’s largest domestic production line for lithium iron phosphate ...

South Korea's Lee to meet SoftBank’s Masayoshi Son on AI infrastructure expansion

South Korean President Lee Jae Myung is set to meet with Masayoshi Son, the founder and chairman of SoftBank Group, on Friday to discuss the Japanes...

South Korea, UAE to jointly pursue nuclear energy exports; Seoul to join Stargate UAE project

South Korea and the United Arab Emirates (UAE) have agreed to jointly pursue nuclear energy exports to third countries, while Seoul is also poised t...

Samsung weighs 2026 Galaxy price hike on global memory shortage

Samsung Electronics Co. is considering raising prices on its upcoming Galaxy S26 smartphones as a deepening global memory chip shortage drives up co...

Samsung E&A wins $475 mn contract to build low-carbon ammonia plant in US

Samsung E&A Co. has secured a contract worth $475 million (680 billion won) to build a low-carbon ammonia production plant in the US, marking it...

KOREIT Asset, Dawon Corp. join forces on $43 mn golf, residential complex project in Philippines

KOREIT Asset Management Co., a unit of Korea Real Estate Investment & Trust Co., will team up with Dawon Corporation, South Korea’s leadin...

NPS to invest $300 mn in Aramco’s Jafurah gas project led by GIP

The National Pension Service, South Korea's largest institutional investor, has committed $300 million to Saudi Aramco’s $100 billion Jafurah ...

South Korea taps BP for deep-sea gas drilling project in East Sea

South Korea has selected BP plc as a partner to develop a deepwater gas reserve in Korea's East Sea, according to people familiar with the matter on...

South Korea’s top business leaders likely to meet US President Trump at Mar-a-Lago

The leaders of South Korea’s top four conglomerates are expected to meet US President Donald Trump at his Mar-a-Lago estate in Florida this we...

LG to power future growth with Indian unit’s blockbuster IPO

LG Electronics Inc.'s Indian unit is poised to make history in India’s equity market, with its planned 1.8 trillion won ($1.3 billion) listing...

Samsung, SK Hynix set to ride major boon from OpenAI-AMD chip pact

Samsung Electronics Co. and SK Hynix Inc. are poised to ride a fresh wave of demand from OpenAI Inc.’s landmark partnership with Advanced Micr...

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....

IMF warns of long-term spending pressures in Korea, urges structural reforms

South Korea’s accommodative fiscal and monetary policies, including a sharp budget increase in 2026, are considered appropriate to boost priva...

BP joins race for S.Korea’s East Sea gas development after ‘Great Whale’ project declared botched

BP plc., a British multinational oil and gas company, is bidding to develop deepwater gas reserves off South Korea, reviving hopes for the Asian cou...

Hanwha sets Busan, Philadelphia as twin hubs for MASGA US shipbuilding, MRO projects

South Korea’s big three shipbuilders on Monday outlined their plans to play a central role in the Korea-proposed “Make American Shipyard...

POSCO tipped to become 1st Korean company to join Alaska LNG project

POSCO International Corp. is tipped to become the first South Korean company to join the $45 billion Alaska liquefied natural gas (LNG) project foll...

South Korea’s Duguru picks Singapore for global debut

Duguru, a Seoul-based specialist known for blending plants with interior design, is gearing up for global expansion by bringing Korean-style landsca...

Seoul warns MASGA project at risk as $350 bn fund talks with Washington stall

South Korea’s negotiations with the US over the launch of a $350 billion US investment fund has made little progress, a senior presidential of...

Korea’s major US investment projects halted as detained LG Energy workers set for release

ELLABELL, Georgia – The South Korean government has secured the release of about 300 nationals detained following a raid by US authorities on ...

HYBE, Geffen to debut new global girl group in 2026 — second joint project after KATSEYE

HYBE and US label Geffen Records will launch their second global girl group in 2026, following their first joint act, KATSEYE.The Korean entertainme...

Hanwha raises bet on MASGA with $5 bn investment in Philly Shipyard

Hanwha Group will expand its shipbuilding capacity in the US far beyond earlier plans with a $5 billion investment in Hanwha Philly Shipyard as Seou...

S.Korea, US affirm partnership to usher in US shipbuilding, manufacturing renaissance

WASHINGTON, D.C. -- South Korean President Lee Jae Myung on Monday reaffirmed Seoul's commitment to partner with Washington to revive the US manufac...

Korea Inc pledges $150 bn US investment; KAL buys new planes, Samsung, Hyundai Motor vow extra spending

WASHINGTON, D.C. – South Korea’s biggest conglomerates have committed $150 billion in fresh investment in the US in a sweeping package t...

Bill Gates strengthens ties with Samsung, SK, HD Hyundai on energy, biotech, philanthropy projects

Bill Gates, the Microsoft co-founder-turned-philanthropist, has stepped up his engagement with South Korea’s corporate titans, meeting the hea...

CJ ENM, Hakuhodo launch music venture to tap global fans

CJ ENM Co., South Korea’s largest entertainment company, has formed a music joint venture with Hakuhodo Inc., a more than century-old Japanese...

HD Hyundai Heavy wins US Navy ship MRO deal, 1st under MASGA accord

HD Hyundai Heavy Industries Co., one of the world’s leading shipbuilders, has secured its first-ever maintenance, repair and overhaul (MRO) co...

Seoul downtown office glut fears overblown: Savills Korea CEO

The prime office market in core business districts in Seoul is expected to remain strong, said Savills Korea chief, citing limited new supply and th...

BTS live album debuts at No. 10 on Billboard 200, setting new K-pop record

BTS’s first live act album Permission to Dance on Stage – Live debuted at No. 10 on the Billboard 200 albums chart dated Aug. 2, accordi...

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...

HYBE, Paramount to bring KPop Demon Hunters star to life in idol film

HYBE America Co., the US subsidiary of South Korea's entertainment titan HYBE Co., will produce a K-pop-themed film in collaboration with Paramount ...