Hong Kong-based Gaw Capital poised to acquire Koentec for $500 mn
Hong Kong-based private equity firm Gaw Capital Partners has emerged as the preferred bidder for Koentec Co., a South Korean industrial waste incine...
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...
Doosan Bobcat seeks to acquire Germany’s Wacker Neuson valued at $2.3 billion
Doosan Bobcat Co., a global construction machinery maker owned by South Korea’s Doosan Group, is seeking to acquire Wacker Neuson SE, a German...
CHA Bio Group acquires Kakao Healthcare to advance into AI-based digital health segment
CHA Bio Group, the parent of CHA Biotech Co., South Korea’s leading stem cell therapeutics developer, has agreed to acquire control of Kakao H...
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) ...
NCSOFT bets big on AI, cloud with debut of Horizon universe-based MMORPG
NCSOFT Corp., a leading South Korean game developer and publisher, has unveiled Horizon Steel Frontiers, the first MMORPG set in Sony Interactive En...
K-fashion, K-beauty brands make Shanghai Asian outpost as China regains its allure
Korean fashion and beauty companies are rushing back into China as political winds shift and consumer sentiment improves.Once viewed as a “gra...
Once languishing, Korea’s art market shows signs of thaw as collectors return
At a packed K Auction room in Seoul’s upscale Sinsa-dong late last month, the energy in the room suddenly shifted – palpably – whe...
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...
Trump to hold bilateral summits with Lee, Xi in South Korea on sidelines of APEC Gyeongju
WASHINGTON, D.C. – Donald Trump will visit South Korea on Oct. 29 for a bilateral summit with President Lee Jae Myung, the White House said Th...
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 ...
SemiFive, TeraView to raise up to $120 mn in Korea IPOs amid chip boom
SemiFive Inc. and TeraView Holdings Plc, semiconductor-related companies backed by US and UK shareholders, respectively are set to go public in Sout...
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 ...
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...
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...
UCK Partners commences sale of Costco-supplier Umji Food
Seoul-based buyout firm UCK Partners has launched the sale of Umji Food Co., a Korean frozen foods maker valued at up to 300 billion won ($214.4 mil...
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...
Celltrion buys Eli Lilly’s New Jersey plant for $330 million
Celltrion Inc. confirmed Tuesday it has agreed to acquire Eli Lilly and Company’s plant in Branchburg, NJ, for about 460 billion won ($330 mil...
DL Chemical to sell cash cow Cariflex in portfolio rebalancing
DL Chemical Co., South Korea's leading petrochemical company, has embarked on a process to sell Cariflex Pte about five years after acquiring the Si...
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...
Hyundai E&C lands $3 bn seawater treatment plant deal in Iraq
Hyundai Engineering & Construction Co. (Hyundai E&C), the construction company under South Korea’s Hyundai Motor Group, has bagged a $...
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...
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...
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...
CJ ENM to enter India's OTT market via Amazon’s free streaming platform
CJ ENM Co., South Korea’s entertainment powerhouse, is set to release its hit drama series on Amazon MX Player, an ad-based free over-the-top ...
