Asian Manufacturing

Economy Asian manufacturing activity stumbles again under weight of Trump tariffs

Factory activity slowed across much of Asia in May as uncertainty over U.S. tariffs continued to cause steep declines in new orders, purchasing ma...

Korean chipmakers Samsung to equip Galaxy Z Flip7 with Exynos AP at home

Samsung Electronics Co. plans to power its upcoming foldable smartphone with its new in-house application processor (AP), marking a significant step...

ASK 2025 KIC bets on Asian real estate; eyes residential, data centers

The Korea Investment Corporation (KIC) is zeroing in on Asia’s real estate market by region, while targeting residential facilities and data c...

Banking & Finance Shinhan Securities acquires stake in Vietnam’s top trading platform FireAnt

Shinhan Securities Co., a leading South Korean brokerage house, has acquired a strategic equity stake in FireAnt, Vietnam’s largest retail tra...

IPOs LG Electronics eyes India IPO delay, says plan in flux

LG Electronics Inc. is mulling putting off an initial public offering of its wholly owned subsidiary in India amid growing volatility in the global ...

Food & Beverage India: Tantalizing frontier for K-food’s global ambitions beyond China

South Korea’s processed food exports to India have surged to a record 6 trillion won ($4.1 billion), marking a significant milestone in the gr...

Aerospace & Defense South Korean defense industry thriving on strong overseas demand

The South Korean defense industry's current heyday is expected to continue for a while as global demand for Korean-made weapons and combat systems h...

Asset management Strong momentum in non-US markets, digital real estate: Principal AM CEO

It is time to shift focus toward non-US markets after years of stellar performance of US assets driven by the robust world’s No. 1 economy, sa...

Energy Alaska governor seeks Korean partners for $44 bn LNG project

Alaska Governor Mike Dunleavy arrived in South Korea on Monday to hold a series of one-on-one meetings with top executives from Korean energy and st...

Hydrogen economy Hyundai Motor to build fuel cell plant in South Korea

Hyundai Motor Co. will build a local fuel cell plant in South Korea, accelerating its bid to create an entire hydrogen fuel cell value chain in line...

Machinery Hyundai Rotem inks $1.5 bn Morocco train supply deal

South Korea’s Hyundai Rotem Co. said on Wednesday it has won a 2.2 trillion won ($1.5 billion) train order from Morocco, the biggest single de...

Corporate investment Mirae Asset invests $200 mn in LS Group affiliate in US

South Korea's Mirae Asset Global Investments said on Sunday it invested $200 million in Essex Solutions, a US magnet wire manufacturing affiliate un...

Aerospace & Defense India to acquire 100 units of Hanwha Aerospace’s K9 howitzers via L&T

India will acquire 100 units of the K9 self-propelled howitzers developed by South Korea’s Hanwha Aerospace Co. from Larsen & Toubro (L&am...

Energy Doosan Enerbility to supply TerraPower's SMR equipment

South Korea's Doosan Enerbility Co. said on Thursday it signed a contract with TerraPower to supply the equipments for small modular reactor (SMR).T...

Economy Foreign workers in S.Korea surpasses 1 million

The number of foreign workers in South Korea has broken past the 1 million mark.According to Statistics Korea on Tuesday, as of May, there were 1.56...

Steel POSCO Future M develops technology to make electrode rods

POSCO Future M Co., a battery material and steel manufacturing equipment supplier, said on Thursday it has developed electrode rod manufacturing tec...

Automobiles Hyundai Motor to invest $479 million in Malaysia

Hyundai Motor Co. said on Tuesday that it plans to invest $479 million in Malaysia over five years, starting in 2025.The South Korean automaker stat...

Electric vehicles Hyundai premieres IONIQ 9 to be made in US, Korea

LOS ANGELES -- Hyundai Motor Co. on Wednesday unveiled the IONIQ 9 with a plan to produce the leading South Korean automaker’s first large ele...

Korean food CJ CheilJedang to invest $584 mn to build food factories in Europe, US

CJ CheilJedang Corp., South Korea’s largest food company, will spend a total of $584 million to build new food-manufacturing factories in Euro...

Bio & Pharma Samsung Biologics wins $668 million CDMO deal with European pharma

Samsung Biologics Co., the world’s largest contract drugmaker, said on Wednesday it has signed two drug manufacturing contracts worth a combin...

Automobiles Tata Daewoo rebrands itself as Tata Daewoo Mobility

South Korea's Tata Daewoo Commercial Vehicle Company is rebranding itself as "Tata Daewoo Mobility" to mark its 30th anniversary.Tata Daewoo held on...

Shipping & Shipbuilding Hanwha Systems, HJ S&C to enter overseas naval vessel market

South Korea's Hanwha Systems Co. said on Tuesday that it signed a memorandum of understanding (MOU) with HJ Shipbuilding & Construction Co. to...

Korean games DevSisters, VNG Games sign Cookie Run Asia publishing deal

South Korean game developer DevSisters Corp. said on Friday that it signed a publishing agreement with Vietnamese game company VNG Games for "Cookie...

Automobiles Hyundai to launch Euro 7-compliant car in Europe next year

Hyundai Motor Co., South Korea’s top automaker, is set to introduce a tougher emissions standards-compliant model in Europe next year ahead of...

Investment banking Korea Investment lists structured warrants in Indonesia

Korea Investment & Securities Co. has become the first South Korean securities firm to list derivative warrants in Indonesia after issuing 11 st...

Korean chipmakers Samsung Apologizes for Falling Behind in AI Chips Race

SEOUL—For a major maker of semiconductors such as Samsung Electronics Co. , the artificial-intelligence boom should be a time of great promise...

Food & Beverage Paris Baguette to enter Thailand, Brunei, Laos

South Korean bakery brand Paris Baguette, operated by SPC Group, said on Wednesday it will enter Thailand, Brunei, and Laos.SPC signed a master fran...

Electric vehicles Hyundai, Kia’s H1 vehicle sales in Singapore double

South Korea’s top automaker Hyundai Motor Group said on Sunday its vehicle sales in Singapore, a high-tech innovation hub, more than doubled i...

Future mobility Hyundai Motor, Waymo forge multi-year, strategic partnership

South Korea’s top automaker Hyundai Motor Co. said on Friday it has entered into a multi-year strategic partnership with Waymo LLC to jointly ...

Mergers & Acquisitions HD Hyundai seeks to acquire Leeyoung to prepare for shipbuilding boom

South Korea’s HD Hyundai Heavy Industries Co. is seeking to acquire Leeyoung Industrial Machinery Co., a domestic shipbuilding equipment maker...