steel industry

Mergers & Acquisitions Korea’s top cinema chains seek merger to counter box office slump

South Korea’s two leading multiplex operators Lotte Culture Works Co. and Contentree JoongAng Corp. have tentatively agreed to merge in a bid ...

K-pop K-pop stocks surge as China set to loosen cultural ban after 9 years

Shares in South Korea’s leading entertainment companies are rallying amid growing signs that China will likely lift its longstanding ban on Ko...

Mergers & Acquisitions LG Chem to sell water filter business to Glenwood PE for $692 million

South Korea’s LG Chem Ltd. has agreed to sell its water filter business – the world’s second-largest producer of reverse osmosis m...

Steel POSCO raises ship steel prices as Korea's tariffs curb supply

POSCO Holdings Inc. has raised second-quarter prices of thick plates used in vessels amid concerns over tighter supply after South Korea levied anti...

Shareholder activism Activist fund Oasis boosts Korea team amid investor-friendly policy shift

Hong Kong-based activist fund Oasis Management is ramping up hiring for its Korea team as Seoul’s push to boost corporate value and strengthen...

Steel POSCO to invest in Hyundai Steel’s Louisiana plant

South Korea’s top steel maker POSCO has decided to invest in Hyundai Steel Co.'s first overseas plant in Louisiana and collaborate on research...

Steel Hyundai's nuclear-grade steel earns US quality certification

South Korean steelmaker Hyundai Steel Co. said on Wednesday it has received the Nuclear Material Supplier Quality System Certificate (QSC) from the ...

Corporate strategy Dongwon Industries to delist wholly owned Dongwon F&B

Dongwon Industries Co., the holding company of South Korea’s seafood-to-logistics Dongwon Group, will delist its canned tuna-manufacturing sub...

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...

Steel POSCO eyes investment in Hyundai Steel’s US plant

POSCO, the world’s seventh-largest steelmaker, is seeking to invest in smaller rival Hyundai Steel Co.'s first overseas plant in the US, in ex...

Steel POSCO eyes deeper steel, energy ties with global peers

POSCO Group, South Korea’s steelmaking giant, will further bolster its competitiveness in the global steel market and energy value chains thro...

Entertainment Kakao Entertainment scraps IPO, seeks new buyer

Kakao Corp., South Korea’s largest mobile platform, is looking to sell a majority stake in Kakao Entertainment Corp., dropping a plan to take ...

Leadership & Management Samsung mobile chief fills leadership void in device division

Samsung Electronics Co. has appointed TM Roh, president and head of its mobile eXperience (MX) business, as the new chief of its device eXperience (...

Mergers & Acquisitions Aekyung Industrial up for sale as group struggles to ease liquidity crunch

South Korea’s Aekyung Group has put its flagship subsidiary, Aekyung Industrial Co., up for sale as part of broader restructuring efforts to s...

Steel Hyundai Steel picks Donaldsonville as $5.8 bn US plant site, seeks investors

South Korea’s Hyundai Steel Co. has chosen Donaldsonville, Louisiana, as the location for its $5.8 billion US steel mill, marking a major stra...

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...

Shipping & Shipbuilding Samsung Heavy makes breakthrough in FLNG liquefaction technology

Samsung Heavy Industries Co., a major Korean shipbuilder, has made a breakthrough in its liquefaction technology for floating liquefied natural gas ...

Automobiles Hyundai Motor shares rally after US investment plan

Hyundai Motor’s shares gained ground after it unveiled a new U.S. investment plan to help avoid President Trump’s tariffs.The South Kore...

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...

Steel POSCO to sell entire stake in Nippon Steel, ending equity ties

POSCO Holdings Inc. has decided to sell its entire stake in Nippon Steel Corp., according to industry sources on Wednesday, marking the end of their...

Batteries LG Energy, Doosan Bobcat tie up for construction equipment battery packs

LG Energy Solution Ltd., the world’s third-largest battery maker, and Doosan Bobcat Inc., a global construction machinery producer, said on We...

Economy S.Korea’s factory output dips in January; Retail sales, investment slow

South Korea’s factory production decreased in the first month of this year due to a manufacturing slowdown, while private consumption and busi...

Steel Dongkuk to file anti-dumping petition vs Chinese color steel imports

Dongkuk Coated Metal Co. and SeAh Steel Corp. are set to file an anti-dumping complaint against Chinese rivals in March as the country plans to impo...

Shipping & Shipbuilding US Defense Secretary Pete Hegseth eyes March visit to Seoul

US Defense Secretary Pete Hegseth is arranging a visit to South Korea next month to inspect shipyards and discuss cooperation on naval vessel constr...

Travel & Leisure J-R AMC, BlueCove bid on $70 million sale of Mirae Asset, NPS’ Shilla Stay

The sale of Shilla Stay Dongtan, a premium business hotel operated by South Korea’s Hotel Shilla Co., has attracted four bidders, underscoring...

Steel South Korea to levy 38% anti-dumping duties on Chinese steel products

South Korea plans to impose up to 38% provisional anti-dumping duties on Chinese hot-rolled steel plates starting next month, judging that those pro...

Steel Korea to probe Chinese, Japanese steel imports over anti-dumping claims

South Korea is set to launch an anti-dumping investigation into hot-rolled steel imports from China and Japan, according to government and industry ...

Machinery Korean tractor maker Daedong ends two-decade partnership with Deere

Daedong Corp., South Korea’s leading tractor and farm machinery maker, has ended its two-decade-long partnership with Deere & Co., the wor...

Korean games Nexon becomes 1st Korean game publisher with over 4 trillion won in sales

Nexon Co., the parent of Nexon Games Co., became the first Korean game developer to achieve the 4 trillion won ($2.8 billion) sales milestone in 202...

Shipping & Shipbuilding HD Hyundai Marine sets sights on LNG vessel retrofitting in Trump era

While the global shipbuilding industry was reeling from the economic slowdown in recent years, South Korea’s HD Hyundai Marine Solution Co., a...