NextG Initiative

Energy LS Cable breaks ground on $681 mn underwater cable plant in Chesapeake

WASHINGTON, D.C. – LS Cable & System Ltd., South Korea’s leading wire and cable manufacturer, has broken ground on its first underwa...

Corporate strategy Samsung seeks tech alliance with top US universities for robotics, AI, 6G

In an ambitious bid to shape the future of technology, Samsung Electronics Co. is launching a sweeping initiative to collaborate with elite North Am...

Mergers & Acquisitions S.Korean grocery delivery platform Oasis at forefront to acquire TMON

South Korea’s grocery delivery platform Oasis Corp., which has been looking to expand its e-commerce market at home and abroad, is seeking to ...

Shareholder value S.Korea’s top financial regulator pushes tax support for value-up program

South Korea is ramping up efforts to encourage companies to enhance shareholder value by providing tax support for its corporate value-up program, a...

Korean stock market Alternative stock exchange Nextrade to launch on March 4

Nextrade, South Korea’s first alternative stock exchange, enabling trading of stocks listed on the Kospi and the Kosdaq for 12 hours a day is ...

Artificial intelligence OpenAI, SoftBank tap Samsung for Stargate AI initiative

Samsung Electronics Co. Chairman Lee Jae-yong discussed potential collaboration on the Stargate AI initiative with OpenAI co-founder and CEO Sam Alt...

Bio & Pharma Samsung Biologics signs initial deal with LigaChem Bio on ADC production

Samsung Biologics Co., the world’s largest contract drugmaker, said on Thursday it has signed an initial agreement with LigaChem Biosciences I...

Foreign exchange NPS initiates strategic currency hedging to unleash up to $48.2 billion

The National Pension Service (NPS), South Korea’s state-run pension fund and the country’s largest institutional investor, is set to beg...

Artificial intelligence Samsung SDS to build AI-focused data center at Samsung Electronics’ plant

Samsung SDS Co., the information technology service unit of South Korea’s Samsung Group, plans to build an artificial intelligence data center...

Bio & Pharma Hanmi Pharma to move up launch of anti-obesity drug

South Korea’s Hanmi Pharmaceutical Co. announced on Thursday the launch of its anti-obesity drug candidate efpeglenatide has been rescheduled ...

Batteries LG Chem signs deal to secure 100,000 tons of lithium from ExxonMobil

South Korea’s top chemicals maker LG Chem Ltd. said on Thursday it has signed an initial agreement to secure a key battery material from US mu...

Electric vehicles Hyundai unveils Initium hydrogen FCEV concept, set to arrive in 2025

South Korea’s top automaker Hyundai Motor Co. on Thursday unveiled a new hydrogen fuel cell electric vehicle (FCEV) concept, previewing its ne...

IPOs Online lender K Bank withdraws plan for Kospi listing

K Bank, a South Korean online bank, has postponed its initial public offering (IPO) plan to list on the main bourse Kospi later this month.The digit...

Mergers & Acquisitions KCGI buys control of Hanyang Securities for $166 mn

KCGI, a South Korean private equity firm, has agreed to buy a controlling stake in Hanyang Securities Co. for 220.3 billion won ($166 million), slig...

Airlines S.Korea to launch sustainable biojet fuel initiative

South Korea will require airlines to replace a portion of their jet fuel with environmentally friendly alternatives such as cooking oil, palm oil an...

Automobiles Hyundai Mobis’ sustainability pledge for a better tomorrow  

Hyundai Mobis Co.'s efforts to build a better tomorrow don't stop at developing future mobility technologies like autonomous driving, connectivity a...

Machinery Woojin selected as preferred bidder for Inglewood light rail project

Woojin Industrial Systems Co., a South Korean railway vehicle manufacturer, said on Friday that it has been selected as the preferred bidder for the...

Automobiles Chevrolet All New Colorado's initial volume sold out in S.Korea

GM Korea Co., the South Korean unit of US auto giant General Motors Co., announced on Friday that its pickup truck Chevrolet All New Colorado, with ...

Metaverse S.Korea's RaonSecure establishes metaverse subsidiary

South Korean cybersecurity firm RaonSecure Co. announced Wednesday it established RaonMeta, a generative AI-based metaverse platform subsidiary. Rao...

Bio & Pharma GC Biopharma exports Alyglo to US

South Korea’s major pharmaceutical company GC Biopharma Corp. announced on Monday that it shipped the initial volume of Alygro, its immunoglob...

Corporate investment SK Group, led by SK Hynix, to invest $77 billion in AI, chips

SK Group, South Korea’s second-largest conglomerate after Samsung, is investing 106.4 trillion won ($77 billion) in artificial intelligence an...

Energy KHNP builds i-SMR operation simulator

Korea Hydro & Nuclear Power (KHNP) announced on Friday that it established a simulator at its central research center to verify the operational ...

Energy SK Gas eyes commercial operations of LNG power plant in 2nd half

SK Gas Ltd., South Korea’s leading liquefied petroleum gas (LPG) supplier seeking to transform into a clean energy company, has moved a step c...

ESG LX International joins UNGC

South Korean trading firm LX International Corp. announced on Tuesday that it joined the United Nations Global Compact (UNGC) to strengthen its envi...

The KED View Shinsegae’s day of reckoning looms for online ambitions

Back in 2021, South Korea’s retail titan Shinsegae Inc. beat its archrival Lotte Shopping Co. to purchase Gmarket and Auction, the country's t...

Waste management SK Geo reconsiders extent of $1.3 bn plastic recycling plant project

South Korea’s SK Geo Centric Co. is reconsidering how much it will invest in a planned $1.3 billion waste plastic recycling complex project in...

Private debt Korea’s Kookmin Bank raises $600 mn in global senior debts

South Korea’s largest bank Kookmin Bank said on Tuesday it has issued $600 million worth of global senior secured bonds. The debts were oversu...

Earnings SK Hynix, latest chipmaker to emerge victorious with record Q1 sales

SK Hynix Inc., the world’s second-largest memory chipmaker after Samsung Electronics Co., said on Thursday it has swung to a profit in the fir...

Korean startups Korean unicorns slow growth to focus on profits

South Korean unicorns, or startups valued at $1 billion or more, are slowing the pace of growth to shore up their bottom lines as they revive l...

Automobiles IL Science enters UK silicon lens market

South Korea's IL Science Co. said on Monday that it signed a contract with the US-based automotive electronics company Polymer Optics to supply an i...