LG Energy's $6.5 bn EV battery supply deal with Ford terminated

LG Energy Solution Ltd. said on Wednesday that its long-term electric vehicle battery supply agreement with Ford Motor has been terminated following...

Hanwha heirs reshape ownership as group moves closer to succession, IPO

Two of the three sons of Kim Seung-youn, the chairman of South Korea’s Hanwha Group, are selling significant stakes in Hanwha Energy Corp., a ...

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 ...

Korea’s petrochemical shakeout accelerates as YNCC moves to shut plant

South Korea’s long-stalled effort to restructure its petrochemical industry is set to gain fresh momentum as Yeochun NCC (YNCC) shareholders h...

Ford, SK On to unwind BlueOval JV amid prolonged EV slump

Ford Motor Co. and South Korea’s battery maker SK On Co. are dismantling one of the most ambitious battery alliances formed during the US EV b...

LG Energy signs $1.4 bn supply deal with Mercedes-Benz, likely involving LFP batteries

LG Energy Solution Ltd. has signed a $1.4 billion battery supply deal with Mercedes-Benz, marking the fourth supply agreement with the German carmak...

LG to supply AI infrastructure solutions to Microsoft worth billions of dollars annually

LG Group’s key units, including LG Electronics Inc. and LG Energy Solution Ltd., signed a memorandum of understanding (MOU) with Microsoft Cor...

LG Electronics, LG Chem appoint new CEOs in generational leadership change

LG Group, South Korea’s fourth-largest conglomerate, has launched a sweeping generational shift at the top of its flagship businesses, replaci...

Korea’s energy minister whips laggards to follow suit as Lotte, HD Hyundai shrink naphtha capacity

South Korea’s long-delayed overhaul of its petrochemical industry is gaining momentum after Lotte Chemical Corp., the country’s largest ...

SK Earthon adds North Ketapang block in drive to create Southeast Asia energy hub

SK Earthon Co. is accelerating its expansion across Southeast Asia’s oil and gas frontiers, securing a fresh stake in a promising Indonesian o...

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...

POSCO International injects extra $862 mn into Singapore-based Agpa

POSCO International Corp., the energy and trading arm of steel giant POSCO Holdings Inc., has injected an additional 1.26 trillion won ($862 million...

Hyundai, Samsung, SK, LG vow massive domestic investment

South Korea’s top four conglomerates — Samsung, Hyundai Motor, SK and LG — are cranking up domestic investment as Asia’s No....

Hyundai Motor Group to build $2.7 bn EV mother factory in S.Korea

Hyundai Motor Group, the world’s third-largest automaker with 7.23 million vehicles sold last year, will invest 4 trillion won ($2.7 billion) ...

LG Chem wins $2.6 billion cathode deal with US client

LG Chem Ltd. has secured a 3.8 trillion won ($2.6 billion) contract to supply cathodes, a key material in lithium-ion batteries, to a US customer, S...

Samsung’s Jay Y. Lee, LG’s top brass discuss cooperation with Mercedes-Benz chief in Seoul

Samsung Electronics Co. Chairman Lee Jae-yong and Mercedes-Benz Chief Executive Ola Källenius met in Seoul on Thursday to discuss expanding coo...

Beyond shopping: Central Department Store’s Korean fashion play

In Bangkok’s bustling Gangnam-equivalent of Chidlom, where cafe culture meets couture, Thailand’s largest department store chain, Centra...

Macquarie unloads 7% stake in LG CNS via $310 mn block sale at 9% discount

Private equity firm Macquarie Asset Management has sold about 7% of its stake in LG CNS Co., the IT services unit of South Korea’s LG Grou...

Samsung SDI set to supply ESS batteries to Tesla amid industry shift toward US-made parts

Samsung SDI Co. is set to clinch its first large-scale battery supply agreement with Tesla Inc., a deal for energy storage systems (ESS) estimated a...

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...

Hyundai Motor's Chung, Saudi Arabia’s crown prince discuss cooperation beyond autos

Hyundai Motor Group, South Korea’s largest automaker, is setting its sights on next-generation energy ventures in Saudi Arabia, expanding its ...

Palliser Capital cites LG Chem as most discounted Korean stock, lifting shares

Activist fund Palliser Capital said on Tuesday that LG Chem Ltd. trades at a 74% discount to its net asset value, the widest among the units of all ...

Kia gears up electrification with new EV models and factory upgrades

Kia Corp., South Korea’s second-largest automaker, is accelerating its transition toward electrification, unveiling plans to add new electric ...

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...

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...

Korea’s steel industry set to suffer further as EU plans to cut import quotas, double tariffs

South Korea’s steel industry is expected to take another hit as the European Union plans to tighten restrictions on steel imports by cutting t...

POSCO International builds Polish motor core plant; Mexico factory due by year-end

POSCO International Corp., the energy and trading unit of South Korea’s steel giant POSCO Holdings Inc., said on Thursday that it has inaugura...

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...