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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...

Korean chipmakers SK Hynix makes strides in CXL technology, escalating rivalry

SK Hynix Inc., the leading global high-bandwidth memory (HBM) chip provider, has moved faster than its rivals in the commercialization of the next-g...

Batteries POSCO Future M to make spherical graphite as it cuts dependence on China

POSCO Future M Co., South Korea’s leading battery materials maker, is set to manufacture spherical graphite – a critical material for ba...

Central bank BOK stands pat; rate cut likely within 3 months as economic growth slows

The Bank of Korea (BOK) left its benchmark interest rate unchanged at 2.75% on Thursday, with Governor Rhee Chang-yong warning that a surge in globa...

Tech, Media & Telecom LG CNS breaks into US smart city market

LG CNS Co., the information technology service unit of South Korea’s LG Group, has won its first public-sector smart city contracts in the US,...

Retail Koreans cut spending in March, except on health, education

South Korean consumers exhibited recessionary spending behavior in March, cutting expenditures across nearly all sectors, except healthcare and educ...

Retail Koreans cut spending in March, except on health, education

South Korean consumers exhibited recessionary spending behavior in March, cutting expenditures across nearly all sectors, except healthcare and educ...

Automobiles Hyundai chief Chung, GM CEO Barra to meet September in Detroit

Hyundai Motor Group Executive Chairman Chung Euisun and General Motors Co. Chair and Chief Executive Mary Barra are slated to meet in September in D...

Aerospace & Defense Hanwha Aerospace slashes planned rights offering size to $1.6 billion

Hanwha Aerospace Co., a leading South Korean defense company, said on Tuesday it plans to slash the size of its proposed rights offering to 2.3 tril...

Electronics Samsung unveils upgraded AI-powered OLED TVs

Samsung Electronics Co. on Monday showcased its new lineup of organic light-emitting diode (OLED) TVs with advanced artificial intelligence features...

Automobiles Hyundai premieres all-new NEXO, reinforcing hydrogen power

Hyundai Motor Co. on Thursday unveiled the all-new NEXO, the first full-change model of the fuel cell electric vehicle (FCEV) since its launch in 20...

Steel Hyundai Steel to shut down Incheon rebar plant in April

Hyundai Steel Co. is set to shut down its reinforced bar plant in Incheon in April to trim output as steel bar prices are hovering near a four-and-a...

Private equity Red flags raised even before Homeplus crisis: Sales fall, credit ratings cut

Even before South Korea’s second-largest hypermarket chain Homeplus Co. was put under court receivership due to its worsening financial woes, ...

Energy Doosan Enerbility wins $1.5 bn in orders from Saudi Arabia

Doosan Enerbility Co., South Korea’s leading gas turbine maunfacturer for power plants, said on Thursday that it has secured a combined $1.5 b...

Korean chipmakers Magnachip to sell display business in H1 to focus on power semiconductors

South Korean chipmaker Magnachip Semiconductor Corp. plans to sell its display business by the end of the first half as part of a strategic shift to...

Shipping & Shipbuilding Hanwha develops cutting-edge stealth paint for next-generation warships

Hanwha Ocean Co., a leading South Korean warship builder, has developed and tested an advanced stealth paint designed for the country’s KDDX n...

Shipping & Shipbuilding HD Hyundai to invest $206 mn to develop SMR ship

HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE), an intermediary shipbuilding holding company of HD Hyundai Co., will invest up to 30...

Mergers & Acquisitions MBK's fight for Korea Zinc control drags on after court ruling

The battle for control of Korea Zinc Inc. between an MBK Partners-led alliance and the zinc smelter’s Chairman Choi Yun-birm is evolving into ...

Energy Doosan Enerbility bags $200 mn Qatar power plant EPC deal

Doosan Enerbility Co. has clinched an engineering, procurement and construction (EPC) contract for a gas-fired power plant from Qatar in a consortiu...

Automobiles Hyundai CEO Muñoz named MotorTrend Person of the Year

South Korea’s top carmaker Hyundai Motor Co. Chief Executive Officer José Muñoz was picked as the most powerful figure in the in...

Central bank Bank of Korea cuts rates, growth forecast on Trump tariff policy

South Korea’s central bank on Tuesday cut interest rates while sharply reducing its economic growth forecast as lingering political turmoil fo...

Energy Korea’s OCI, Israel’s Arava Power to jointly build solar cell plant in Texas

OCI Energy Co., a US subsidiary of South Korea’s OCI Holdings Co., and Israel’s Arava Power will jointly build a solar cell power plant ...

Shipping & Shipbuilding HMM seeks to acquire parts of SK Shipping for $1.4 bn from Hahn & Co.

HMM Co., South Korea’s largest ocean carrier, is seeking to buy SK Shipping Co., excluding its liquefied natural gas (LNG) transportation busi...

Artificial intelligence AI data center with up to 3 gigawatts of power envisioned for South Korea

An investor group is planning one of the world’s largest data centers for artificial intelligence in South Korea, a sign of red-hot AI de...

Economy S.Korea’s default risk dips below pre-martial law levels

South Korea’s financial market has stabilized with a sharp fall in the country’s default risk and some recovery of its currency value ag...

Shipping & Shipbuilding HD Korea Shipbuilding premieres nuclear-powered ship design

HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE), the parent of the world’s largest shipbuilder HD Hyundai Heavy Industries Co.,...

Mergers & Acquisitions MBK Partners, 2 Chinese firms vie for CJ Cheiljedang’s $4 bn bio business

North Asia-focused private equity firm MBK Partners and two leading Chinese biotechnology firms are vying for management control of CJ Cheiljedang C...

Economy South Korean state think tank cuts 2025 growth forecast, flags US tariff risk

South Korea’s state-run think tank has cut its growth forecast for the country this year, citing President Donald Trump’s trad...

IPOs Korean firms cut IPO prices, volumes amid bearish sentiment

South Korean companies are relaunching attempts to go public with lower valuations and fewer shares amid continued sour investor sentiment.CK Soluti...

Leadership & Management Samsung set to rebuild with leader Lee cleared of all charges

Samsung Electronics Co. Chairman Lee Jae-yong was found not guilty of accounting fraud, stock manipulation and other criminal charges by a Seoul app...