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LG Energy set to acquire GM’s $1 bn stake in Ultium JV plant in Michigan
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LG Energy Solution’s lithium-ion polymer batteries South Korea’s LG Energy Solution Ltd. plans to acquire General Motors Co.’s stake in…
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Korean companies’ cash reserves swell to record high
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(Courtesy of Getty Images) Cash holdings at South Korean companies have soared to their highest-ever level, data showed on Monday.…
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MBK kicks off Lotte Card sale for about $1.4 bn in 2nd bid
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Lotte Card headquarters building in Seoul Lotte Card Co. is expected to be up for grabs in the first half…
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Shoping Help
in CommunityHello I want to buy the Samsung Freestyle 2 portable projector. Can anyone help me with physical shops that I…
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POSCO to buy Korean robotics firm stake for steel business
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Neuromeka’s collaborative robot welding solution (File photo by Neuromeka) South Korea’s steel-to-battery materials conglomerate POSCO Group will invest in the…
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Celltrion to break ground on CDMO plant in 2025: Chairman Seo
in NewsCelltrion founder and Chairman Seo Jung-jin speaking at the Korea Investment Week 2024 hosted by the Korea Economic Daily on…
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Hyundai Motor to buy back $720 mn in shares
in NewsJosé Muñoz, Hyundai Motor’s global chief operating officer, will take over as CEO in January 2025 Hyundai Motor Co. said…
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Samsung reshuffles top brass; Co-CEO to directly control memory business
in NewsSamsung Vice Chairman and co-CEO Jun Young-hyun will directly control its memory business Samsung Electronics Co., the world’s No. 1…
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Korean pension funds buy a net $1.2 bn Kospi stocks in November
in NewsNational Pension Service’s Investment Management headquarters in Jeonju, North Jeolla Province South Korean pension funds continued their buying spree on…
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Samsung to replace chiefs of 3 key posts: Memory, foundry, System LSI
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A researcher in a Samsung Electronics chip cleanroom Samsung Electronics Co. plans to replace the three key posts of its…
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Samsung C&T-Sumitomo consortium wins $3.7 billion Qatar project
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A combined cycle gas power plant and a desalination plant in Qatar An international consortium involving South Korea’s Samsung C&T…
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Woori Bank to arrange $3.7 bn for Qatar desalination, power plant
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South Korea’s Woori Bank said on Tuesday it will arrange the Qatar Ras Abu Fontas desalination and power plant project,…
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Samsung C&T, LS Electric to establish US solar JV
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South Korea’s Samsung C&T Corp. and LS Electric Co. signed a memorandum of understanding (MOU) on Monday to expand solar…
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Everyone deserves a good night’s sleep: Munice CEO
in NewsNightly by Munice (Courtesy of Munice) Insomnia is a common clinical phenomenon in modern societies profoundly affecting many people’s health…
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Hyosung TNC mulls takeover of chemical affiliate’s specialty gas unit
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Hyosung Chemical’s specialty gas division supplies gas for semiconductor manufacturing process (File image from Hyosung Chemical’s website) Hyosung TNC Corp.,…
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Alright, Kpop Redditors – I have a song in my head, I can’t remember the name, and Google isn’t bringing back anything. HELP.
in CommunityOkay, internet. Do your thing. So. Back in the early 2000s, members of multiple Kpop powerhouses – including some of…
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Samsung Electronics, LG Uplus to jointly develop ixi-O AI smartphone
in NewsLG Uplus’ personal AI agent ixi-O is currently available on Apple’s iPhone 14 series South Korean tech giant Samsung Electronics…
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Samsung Heavy sails autonomous demonstration vessel
in News
SHIFT-Auto, Samsung Heavy Industries’ autonomous demonstration vessel The South Korean Ministry of Trade, Industry and Energy announced on Thursday the…
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Hyosung Chemical scraps specialty gas unit sale to IMM, STIC
in NewsHyosung Chemical’s specialty gas plant Hyosung Chemical Corp. has failed to reach an agreement with a consortium of IMM Private…
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S.Korean firms bet big on US LNG market under new Trump gov’t
in NewsPOSCO International’s Gwangyang LNG Terminal 1 (Courtesy of POSCO International) South Korean energy and shipbuilding companies are gearing up for…
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Samsung Biologics wins $668 million CDMO deal with European pharma
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Samsung Biologics’ plant No. 4 Samsung Biologics Co., the world’s largest contract drugmaker, said on Wednesday it has signed two…
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Samsung Heavy gets AIP for wing sails of LNGC
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South Korea’s Samsung Heavy Industries said on Wednesday that it received Approval in Principle (AIP) for a liquefied natural gas…
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Samsung Electro-Mechanics gets European certification for camera SW
in NewsSouth Korea’s Samsung Electro-Mechanics said on Wednesday it obtained Automotive SPICE (A-SPICE) Level 3 certification for its vehicle camera modules.…
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Tesla asks Samsung, SK Hynix to supply HBM4 chip samples
in NewsTesla’s cyber truck displayed at Korea’s Future Innovation Tech Expo 2024 in Daegu on Oct. 23, 2024 (Courtesy of News1…
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US private equity giant Apollo opens Seoul office for APAC expansion
in News
Apollo Partner and Head of Korea Lee Jay Hyun (Courtesy of Apollo Global Management) Apollo Global Management Inc., a US…
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Samsung Bioepis gets EC’s approval for Opuviz
in NewsThe headquarters of Samsung Bioepis South Korea’s Samsung Bioepis Co., Samsung Biologics Co.’s fully owned biosimilar subsidiary, and the US-based…
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Samsung vows to regain chip lead with new R&D center
in NewsThe construction site of the NRD-K complex in Giheung (Courtesy of Samsung Electronics) Samsung Electronics Co. is pinning high hopes…
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Macrogen’s GenTok to feature on Samsung Health app
in NewsSouth Korea’s biotech company Macrogen, Inc. signed a supply agreement to integrate its genome analysis platform, GenTok, into the Samsung…
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Korea Inc. rushes to booming local corporate bond market
in NewsSouth Korean won banknotes (Courtesy of Getty Images) South Korean companies are rushing to raise money in the domestic corporate…
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Samsung Bespoke AI Combo targets European market
in NewsSamsung Electronics Co. said on Sunday it held the showcase for launching its all-in-one washer-dryer, Bespoke AI Combo, in Berlin,…
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LG Display to invest extra $1 bn in Vietnam after exiting China
in News
LG Display’s newest stretcheable display unveiled on Nov. 10 LG Display Co. will invest an additional $1 billion in Vietnam…
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Samsung Electronics to buy back $7.2 bn in shares
in NewsSamsung Electronics posts weaker-than-expected operating profit in its chip business in the third quarter Samsung Electronics Co. will buy back…
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Korean EV, battery makers to suffer from Trump’s plan to end incentives
in NewsUS President-elect Donald Trump addresses the Detroit Economic Club in Detroit, Michigan, home to the country’s three largest automakers, during…
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Samsung E&A wins $214 mn petrochem plant contract in Qatar
in News
Samsung E&A Co. said on Friday that it won a contract for the RLP ethylene storage plant construction project in…
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NH Nonghyup buys Donuimun D Tower in Seoul for $640 mn
in NewsDonuimun T Tower NH Nonghyup REITs Management Co. has completed the purchase of Donuimun D Tower, a prime office building…
