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LG Electronics posts record Q2 profit, to accelerate transition into AI leader
LG’s built-in home appliance LG Electronics Inc., a leading South Korean electronics maker, on Thursday posted its highest quarterly operating…
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Lamborghini unveils 1st plug-in hybrid SUV Urus SE in Korea
(Courtesy of Lamborghini) Italian sports car maker Lamborghini S.p.A. on Tuesday unveiled the Urus SE, its first plug-in hybrid super…
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LG Innotek to foster car communication parts business with digital key
LG Innotek employees showcase its next-generation digital car key solution (Courtesy of LG Innotek) South Korea’s LG Innotek Co. aims…
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Kia overtakes Hyundai in US EV market driven by SUVs
Kia EV3 concept Kia Corp., South Korea’s No. 2 carmaker behind its sister company Hyundai Motor Co., is racing ahead…
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Net zero, digitalization to boost private infrastructure investment
Wooden block with green net zero icon (Courtesy of Getty Images) Infrastructure debt is a growing asset class with much…
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SK ties up with BlackRock-backed Korean startup for EV chargers
SK Signet EV chargers (File photo by SK Signet) SK Signet Inc., South Korea’s electric vehicle charger manufacturer, joined hands…
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POSCO E&C, KAERI to collaborate on HTGR techs
South Korea’s POSCO E&C said on Monday that it signed a memorandum of understanding (MOU) with the Korea Atomic Energy…
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Hana Financial mulls non-banking M&As for growth: CEO
Hana Financial Group Chairman Ham Young-joo speaks at the sidelines of the 2024 CEO Summer Forum hosted by the Federation…
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SK Square to ramp up chip investment with new CEO
SK Square taps its Chief Financial Officer Han Myung-jin as new CEO (Courtesy of SK) South Korea’s No. 2 conglomerate…
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SK Group, led by SK Hynix, to invest $77 billion in AI, chips
SK Group’s headquarters in Seoul SK Group, South Korea’s second-largest conglomerate after Samsung, is investing 106.4 trillion won ($77 billion)…
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Eugene PE, KDB PE to acquire Boryung Biopharma for $231 million
A consortium of Eugene Private Equity and Korea Development Bank Private Equity will acquire 80% of South Korean vaccine maker…
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SK Inc. in talks to sell Pharmteco’s US CDMO plant to Novo Nordisk
SK Pharmteco’s headquarters in Sacramento, California SK Inc., the holding and investment company of SK Group, South Korea’s second-largest conglomerate,…
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LG Innotek eyes $1.4 bn in automotive sensor sales by 2030
LG Innotek employees show high-performance LiDAR sensors (left and right) and a heating camera module (Courtesy of LG Innotek) LG…
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Hyundai, LG Energy to jointly develop EV battery swapping service
Hyundai Motor Group headquarters in Seoul South Korea’s Hyundai Motor Co. will join forces with the world’s leading battery maker…
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Korea grants RideFlux temporary Level 4 self-driving permit
An autonomous driving vehicle made with RideFlux’s technology RideFlux Inc., a South Korean autonomous driving technology startup, has received a…
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LG Innotek begins supplying AI chip substrates to Big Tech
LG Innotek at CES 2023 LG Innotek Co., a leading South Korean electronics parts maker, for the first time, is…
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Hyundai Mobis unveils M.VICS 5.0
Hyundai Mobis, the world’s sixth-largest auto parts maker, unveiled the latest version of its next-generation integrated cockpit system M.VICS 5.0…
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LG Chairman Koo to embark on US trip to oversee battery, AI projects
LG Group Chairman Koo Kwang-mo Koo Kwang-mo, chairman of South Korea’s fourth-largest conglomerate LG, will embark on a weeklong business…
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Kia launches 2024 model year of Morning
Kia’s The 2024 Morning (Courtesy of Kia) Kia Corp. announced on Monday that it launched its flagship compact car Morning’s…
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Direct lending: a core allocation for investors?
(Courtesy of Getty Images) Private credit continues to lure investors, not least within one of the largest areas of private…
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Kia to install LG Electronics’ vehicle webOS in upcoming EV3 SUV
LG Electronics’ automotive WebOS installed on the Kia EV3 South Korea’s LG Electronics Inc. will supply its automotive web-based operating…
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Kia premieres EV3 to boost global electrification push
(Courtesy of Kia) Kia Corp., South Korea’s second-largest automaker, on Thursday premiered the EV3, its low-cost electric sport utility vehicle…
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LG targets India’s edtech market with interactive whiteboards
A teacher is conducting a class, using LG’s electronic whiteboard, at a public high school in Laksheswar, India (Courtesy of…
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Hankook Competition to participate in Nürburgring 24 Hours
Hankook & Company Co., Hankook & Company Group’s business holding company, announced on Wednesday that its sponsored motorsport team Hankook…
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Naver beleaguered by weak Korean businesses amid Line woes
Naver headquarters in South Korea (Courtesy of Yonhap) South Kora’s online giant Naver Corp. is struggling with sluggish core domestic…
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SK seeks to sell 13.3% stake in Chinese food firm Joyvio
SK and Joyvio Group celebrate a virtual MOU signing ceremony on Jul 26, 2021 (Courtesy of SK) SK Inc., the…
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CJ CheilJedang profit beats forecast on overseas business
Golf fans enjoy K-food at a Bibigo booth at the CJ Cup, a professional golf tournament on the PGA Tour,…
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Hyundai’s JV Motional delays robotaxi commercialization, cuts jobs
The Motional IONIQ 5 robotaxi carrying ride-hail passengers on The Strip in Las Vegas at night (File photo, courtesy of…
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Korea’s Koh Young to launch brain surgery robot in US in 2025
The Kymero, Koh Young’ neurosurgical robot (Courtesy of Koh Young) Koh Young Technology Inc., a South Korean developer of 3D…
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SK Hynix to sell 50% stake in Wuxi foundry unit to China state firm
SK Hynix Wuxi (Courtesy of SK Hynix) SK Hynix Inc. will sell a nearly half stake in its foundry unit…
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KakaoBank sees record quarterly net profit
South Korea’s KakaoBank Corp. enjoyed a record quarterly net profit of 111.2 billion won ($81 million) for the first quarter…
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Hyundai to launch new hydrogen-powered NEXO in Q2 2025
The Hyundai NEXO FCEV (Courtesy of Hyundai Motor) South Korea’s top automaker Hyundai Motor Co. plans to introduce a next-generation…
