commercialize

Mergers & Acquisitions Kyobo Life poised to buy Japan’s SBI Group-owned savings bank

Kyobo Life Insurance Co. is in the final stages of negotiation with Japanese financial group SBI Holdings Inc. to buy about a 50% stake in SBI Savin...

Energy HD Hyundai, TerraPower to commercialize next-gen SMR

South Korea’s largest shipbuilder, HD Hyundai Heavy Industries Co., is deepening its partnership with TerraPower LLC, the US nuclear venture f...

Real estate NCSOFT’s NC Tower up for sale with its value estimated at $272 million

The sales of several office buildings along Teheran-ro in Seoul's upscale Gangnam Business District (GBD) are gaining momentum.The bidding for the...

Batteries LG Energy, Qualcomm to commercialize BMS solution

South Korea's LG Energy Solution Ltd. said on Monday it partnered with Qualcomm Technologies to commercialize its new system-on-chip (SoC)-based bat...

Pension funds NPS to invest record $1.4 billion in Korean property market in 2025

South Korea’s National Pension Service (NPS) plans to invest 2 trillion won ($1.4 billion) in the domestic real estate market next year to gai...

Automobiles Korea’s commercial vehicle sales tumble on economic slowdown

South Korea’s commercial vehicle sales are plunging on sluggish domestic demand amid a slowdown in Asia’s fourth-largest economy.Local s...

Electronics Apple supplier LG Innotek to invest $268.4 mn in Vietnam in 2025

South Korea’s LG Innotek Co., a major contractor for Apple Inc., said on Thursday it plans to spend 375.9 billion won ($268.4 million) next ye...

Tech, Media & Telecom Naver, Saudi Arabia's NHC to build JV

South Korea’s Naver Corp. said on Monday it signed a memorandum of understanding (MOU) with Saudi Arabia’s National Housing Company (NHC...

Electronics LG unveils AI-powered commercial washers, dryers in renewed B2B push

South Korean home appliances giant LG Electronics Inc. is stepping up efforts to enhance its presence in the global business-to-business (B2B) marke...

Construction & Planning Hyundai E&C signs engineering deal for two nuclear reactors in Bulgaria

South Korea’s Hyundai Engineering & Construction Co. has signed a nuclear power plant design contract with Bulgaria's state nuclear power ...

Energy HD Hyundai, Amogy, SK to co-work on ammonia-hydrogen power

South Korea's HD Hyundai Infracore Co. said on Monday it partnered with Amogy Inc., a US-based ammonia-powered systems developer, and SK Innova...

Tech, Media & Telecom SK Telecom upgrades 5G base stations with Samsung

South Korea's SK Telecom Co. said on Monday that it partnered with Samsung Electronics Co. to apply artificial intelligence (AI)-based quality opt...

ASK 2024 Australia, Asia real estate whet Korean pension funds' appetite

South Korean pension funds and insurance companies are raising their bets on real estate as they diversify their US and Europe-focused portfolios in...

Korean chipmakers Samsung primed for graphics chip leadership with 24 Gb GDDR7

Samsung Electronics Co., the world’s largest memory chipmaker, has unveiled the industry’s first 24 gigabit (Gb) graphics DRAM chip, opt...

Batteries LG Energy to supply batteries for Ford's electric commercial vehicles

LG Energy Solution Ltd., the world’s third-largest electric vehicle battery manufacturer, is set to supply battery cells and modules to US For...

Corporate investment Korea’s KCC Glass to invest $525 mn more in Indonesian plant

KCC Glass Corp., a major South Korean construction materials manufacturer, is set to invest an additional 700 billion won ($524.8 million) in its In...

Energy Korea's SK Energy to start commercial operations of SAF production line

SK Energy Co., South Korea’s largest oil refiner, is set to start commercial operations of a production line for sustainable aviation fuel (SA...

Electric vehicles Hyundai Mobis develops nickel-free inductor material

Hyundai Mobis Co. has developed the world's first nickel-free inductor material, which is expected to sharply cut the cost of manufacturing inductor...

Tech, Media & Telecom SK Telecom, Nokia to cooperate on AI-based network tech

South Korea's SK Telecom Co. announced on Monday that it signed a memorandum of understanding (MOU) with Nokia to commercialize the wired network AI...

Earnings SK On logs record quarterly loss on sluggish EV market

SK On Co., the world’s fifth-largest battery maker, on Thursday reported a record quarterly loss on the prolonged weakness in the electric veh...

Energy Hyundai Engineering gets Hillsboro solar power plant rights

South Korea's Hyundai Engineering Co. announced on Thursday that it acquired a 260 MW Hillsboro Solar Power Plant project from OCI Energy. This is H...

Real estate Korean commercial real estate market to show slow recovery in H2

South Korea’s commercial real estate market will post a slow recovery in the second half of this year due to rate cut delays and no big correc...

Companies SK Chemicals, Kooksoondang to develop CR-PET container

South Korea's SK Chemicals Co. and South Korean traditional rice-based wine brewery Kooksoondang Co. signed a memorandum of understanding (MOU) on T...

Electric vehicles Hyundai eyes Japan’s commercial EV market in e-bus deal with Iwasaki

South Korean top automaker Hyundai Motor Co. said on Tuesday it is supplying its all-electric Elec City Town buses to Iwasaki Group, effectively ent...

Bio & Pharma Celltrion’s new plant in Songdo poised for commercial production

South Korea’s largest biosimilar maker Celltrion Inc. said on Tuesday that its third plant in Sondgo, west of Seoul, is undergoing process val...

Tech, Media & Telecom SK Telecom identifies illegal drones using AI

South Korea's SK Telecom Co. announced on Thursday that it developed a communication and AI-integrated module to catch illegal drones using artifici...

Machinery Hyundai Rotem leads manufacture of next-generation railway

CHANGWON, South Gyeongsang Province – Engineers at Hyundai Rotem Co.'s rolling stock factory in South Korea have their hands full manufacturin...

Bio & Pharma Daewoong, Indonesia's IPB to co-research on primate

South Korea's Daewoong Pharmaceutical Co. announced on Thursday that it signed a contract with Indonesia's Bogor Agricultural University (Institut P...

Hydrogen economy Hyundai E&C to build S.Korea's first nuclear-linked hydrogen plant

South Korea's Hyundai Engineering & Construction Co. (Hyundai E&C) will lead a consortium to build the nation's first hydrogen production fa...

Shareholder value Korea to put poison pill adoption on new policy agenda

South Korea will put the adoption of poison pills and dual-class shares on the new policy agenda at a meeting with business leaders this month, wher...