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...
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...
HD Hyundai seeks to build India shipyard to diversify production footprint
HD Hyundai Co. is seeking to build a new shipyard in India’s Tamil Nadu state as South Korea’s largest shipbuilding group moves to diver...
SK Hynix eyes mass production of hybrid-bonded NAND by 2027
SK Hynix Inc. is stepping up its move into next-generation flash memory, setting its sights on mass production of its first hybrid-bonded NAND chip ...
K-beauty to accelerate growth as China-Japan tensions escalate
South Korean cosmetics shares shone despite the local stock market’s tumble on Friday as K-beauty producers, especially original design manufa...
SK Hynix to ramp up 1c DRAM production 8-fold in 2026
SK Hynix Inc., a crucial supplier of high-bandwidth memory to Nvidia Corp.’s artificial-intelligence processors, is set to boost output of its...
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...
Korean eyewear shops: Foreign tourists’ new pilgrimage as K-glasses catch on
When foreign travelers touch down in Seoul these days, many still make the well-trodden pilgrimages to Daiso, Korea’s largest discount store c...
S.Korea’s biosimilar giant Celltrion pledges $2.7 billion investment at home
South Korea’s Celltrion Inc. plans to invest 4 trillion won ($2.7 billion) in its domestic biopharmaceutical operations over the next three ye...
ASML, Samsung, SK Hynix expected to deepen chip technology cooperation
ASML Holding NV, the Dutch tech giant and the world's sole producer of extreme ultraviolet (EUV) lithography machines, is expected to discuss ways t...
Tesla courts Korean battery materials suppliers as it ramps up in-house cell production
Tesla Inc., one of the world’s top electric vehicle makers, is strengthening ties with South Korean suppliers of key battery materials such as...
DB HiTek capitalizes on legacy chip retreat by Samsung, TSMC
DB HiTek Co., a South Korean specialty chip foundry, has been swiftly filling the gap left in the legacy foundry market as Samsung Electronics Co. a...
Korea to overhaul steel industry, pledges $139 million in specialty steel R&D subsidies
South Korea on Tuesday unveiled a package to overhaul its steel industry, with government-backed plans for production cuts, an increase in the outpu...
POSCO signs partnership with Cleveland-Cliffs, likely to invest over $700 mn for 10% stake
POSCO Holdings Inc., the parent of South Korea’s top steelmaker POSCO, has signed a strategic partnership with Cleveland-Cliffs Inc., the No. ...
Korean LPs seek to diversify private debt assets, prioritize liquidity over yields
South Korean major asset owners are seeking to diversify their senior direct lending-focused private credit portfolios into subordinated and distres...
K-beauty exports surge in Q3, heading for a full-year record; destinations diversified to 205 nations
South Korea’s cosmetics exports are on track to hit another record high this year, powered by surging global demand and a widening market reac...
Korea Investment & Securities partners with J.P. Morgan to expand global reach
Korea Investment & Securities Co. (KIS), the brokerage unit of Korea Investment Holdings Co., on Thursday discussed strategic cooperation with J...
Korean haircare products emerge as K-beauty’s next frontier
The allure of Korean beauty is extending into Korean haircare as style-savvy consumers begin treating their hair and scalp with the same care as the...
Hyundai cuts IONIQ 5 prices in US to deal with end of EV tax subsidy
Hyundai Motor Co., South Korea’s top automaker, on Wednesday lowered the prices of the IONIQ 5 lineup in the US to as automakers in the world&...
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...
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....
South Korea: foreigners’ hot destination for skincare, aesthetic surgery, beauty products
Foreign tourists are flocking to South Korea not just for shopping and K-pop but increasingly for beauty treatments, with the latest industry data s...
Korean pharmaceuticals, another victim of Trump tariffs
WASHINGTON, D.C./SEOUL – US President Donald Trump plans to impose 100% tariffs on any branded or patented pharmaceutical products, unless a c...
POSCO, Tsingshan join forces to turn Indonesia into stainless hub
POSCO, South Korea’s largest steelmaker, will build a stainless steel plant in Indonesia jointly with China’s Tsingshan Holding Group, t...
LG Group chief urges ‘select and focus’ strategy to boost structural competitiveness
LG Group Chairman Koo Kwang-mo on Thursday urged structural reforms led by a “select and focus” strategy to sharpen the group’s co...
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...
South Korea moves to restructure steel sector as Chinese oversupply, quality Japanese products bite
South Korea is planning a sweeping restructuring of its steel industry, with government-backed plans for production cuts and an increase in the outp...
K-beauty US exports end upward streak in August on tariffs; K-food also drop
US tariffs, which took effect in August, have weighed on South Korea’s beauty and food companies, pushing their exports to the US lower that m...
SK Hynix develops world’s 1st HBM4, ready for mass production
SK Hynix Inc., a major supplier of Nvidia Corp., said on Friday that it has completed the development of the world’s first HBM4 and is ready t...
South Korea’s Hanwha bets big on Europe with Polish missile venture
South Korea’s Hanwha Group has deepened its European push by sealing a deal to build a joint venture in Poland to produce guided missiles, the...
