Lotte Chemical Chinese business
Scope
Date
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Tech, Media & Telecom
Samsung Chairman Jay Y. Lee flies to Vietnam for global business
Samsung Electronics Co. Chairman Jay Y. Lee embarked on a business trip to Vietnam on Wednesday to attend an opening ceremony for a research and dev...
Dec 21, 2022 (Gmt+09:00)
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Petrochemicals
Hyundai Heavy develops new chemical-resistant paint for PC carriers
Hyundai Heavy Industries Group said Wednesday that it has developed a paint product for petrochemical product (PC) carriers with significantly impro...
Dec 21, 2022 (Gmt+09:00)
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ESG
GS E&C inks deal with AirFirst on industrial gas tech development
GS Engineering & Construction Co. said on Tuesday that it has signed an agreement with AirFirst to work together in the areas of industrial gas ...
Dec 21, 2022 (Gmt+09:00)
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Bio & Pharma
LabGenomics unites with Humanscape on Asia, US genetic testing biz
LabGenomics Co., a molecular diagnostics company, said on Tuesday that it has signed an agreement with digital healthcare company Humanscape to deve...
Dec 20, 2022 (Gmt+09:00)
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Mergers & Acquisitions
KKR to buy 100% stake in SK E&S' Busan City Gas for $561 mn
Private equity giant KKR & Co. is slated to buy a 100% stake in Busan City Gas Co., wholly owned by South Korean energy company SK E&S Co., ...
Dec 20, 2022 (Gmt+09:00)
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Bio & Pharma
Bigsome Bio signs tech transfer agreement with university
Bigsome Bio, a subsidiary of Lotte Chilsung Beverage, has begun research on functional materials for respiratory health.The company said on Friday t...
Dec 20, 2022 (Gmt+09:00)
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Companies
SK Materials, Arencibia ink MOU on noble gas recycling
SK Materials Airplus Co. announced on Monday that it signed an MOU with US-based Arencibia to prepare to enter the noble gas recycling business.&n...
Dec 19, 2022 (Gmt+09:00)
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Leadership & Management
Technocrats dominate major Korean companies’ leadership
Technocrats dominated the management of South Korea’s top 10 business groups, as technical specialists with deep understanding of business too...
Dec 19, 2022 (Gmt+09:00)
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Robotics
KT to commercialize self-driving robots with startup Neubility
KT said on Friday that it has signed a partnership agreement with Neubility, an outdoor self-driving robot developer, to expand its robot service bu...
Dec 16, 2022 (Gmt+09:00)
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Airlines
S.Korean Airlines increase flights in anticipation of travel boom
South Korean airlines launched extensive marketing activities such as increasing international flights and giving free tickets in preparation for mo...
Dec 16, 2022 (Gmt+09:00)
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Chemical Industry
S.Korea rules dumping of polyamide film by China, Thailand, Indonesia
The South Korean government has issued a ruling on the dumping of polyamide film from China, Thailand and Indonesia and aluminum hydroxide from Chin...
Dec 16, 2022 (Gmt+09:00)
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Tech, Media & Telecom
LG Uplus ramps up user experiences, platforms, metaverse
LG Uplus Corp., the third-largest mobile carrier in South Korea, is improving its user experiences as well as accelerating new businesses such as pl...
Dec 15, 2022 (Gmt+09:00)
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Business & Politics
Shin Hanul revives Korea’s aim to become global nuclear powerhouse
South Korea put a newly built nuclear reactor into full operation on Wednesday to reinforce energy stability, reviving its goal of becoming ...
Dec 14, 2022 (Gmt+09:00)
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Energy
Hyundai Electric joins hands with GE to enter offshore wind power business
Hyundai Electric will advance into the offshore wind power market jointly with GE Renewable Energy.Hyundai Electric, an electric systems spinoff fro...
Dec 14, 2022 (Gmt+09:00)
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Korean chipmakers
Samsung’s foundry revenue exceeds mainstay NAND chip sales
Samsung Electronics Co., the world’s largest memory chipmaker, saw its foundry business revenue exceed that of its mainstay NAND flash chips f...
Dec 13, 2022 (Gmt+09:00)
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Batteries
Hyundai Electric to supply ESS worth $160 mn to KEPCO's substation
Hyundai Electric, an electric systems spinoff from South Korean shipbuilding giant Hyundai Heavy Industries Co., said on Tuesday that it will supply...
Dec 13, 2022 (Gmt+09:00)
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Batteries
Lotte Aluminum signs $795 mn contract for cathode foil raw materials
Lotte Aluminum, a manufacturer of cathode foils for secondary batteries in South Korea, announced on Monday that it has signed a long-term purchase ...
Dec 13, 2022 (Gmt+09:00)
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Energy
Doosan, DL consortium to invest $130 mn in X-Energy for SMR project
A South Korean consortium led by Doosan Enerbility Co. and DL E&C Co. is investing $130 million in X-Energy LLC, a US nuclear reactor and fuel d...
Dec 12, 2022 (Gmt+09:00)
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Carbon neutrality
POSCO, Malaysia’s Petros to join forces on carbon capture business
POSCO Holdings Inc., the holding company of South Korea’s top steelmaker POSCO, said on Monday it has joined forces with Malaysia’s ener...
Dec 12, 2022 (Gmt+09:00)
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Leadership & Management
Samsung tightens belt to gird for worsening economic conditions
Samsung Electronics Co., the world’s largest memory chip and smartphone maker, is drastically cutting costs while maintaining investments in f...
Dec 09, 2022 (Gmt+09:00)
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Samsung Group
Hotel Shilla CEO Lee ranks 85th on Forbes' 100 most powerful women
Samsung heiress and Hotel Shilla CEO Lee Boo-jin ranked 85th on The World’s 100 Most Powerful Women selected by Forbes. Lee, who leads Samsung Group's...
Dec 08, 2022 (Gmt+09:00)
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Food & Beverage
S.Korea's fast-food chain Lotteria opens 3rd store in Mongolia
Lotte GRS, the food affiliate of Lotte Group, said on Thursday that it opened its third Lotteria restaurant in Ulaanbaatar, Mongolia, last Friday.Lo...
Dec 08, 2022 (Gmt+09:00)
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Arts
Lotte Department Store hosts Alfie Caine's first solo exhibition in Asia
Lotte Department Store on Wednesday said it will hold the first solo exhibition in Asia by Alfie Caine, a British artist who is emerging as a star o...
Dec 08, 2022 (Gmt+09:00)
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Private equity
IMM, Lotte to inject another $76 mn in Hanssem at default risk
South Korea’s IMM Private Equity and Lotte Group are set to inject additional 100 billion won ($75.6 million) in Kosdaq-listed Hanssem Co., th...
Dec 07, 2022 (Gmt+09:00)
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Food & Beverage
Korea's CJ CheilJedang mulls rebrand with name change
South Korean food giant CJ CheilJedang Corp. is considering a new name for the company in a bid to represent its main businesses and target global c...
Dec 07, 2022 (Gmt+09:00)
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ESG
SK Chemicals obtains highest ESG rating among listed companies
SK Chemicals obtained the highest grade in a recent ESG (environmental, social, and governance) rating evaluation of 1,033 listed companies, the com...
Dec 07, 2022 (Gmt+09:00)
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Korean games
Dragonfly, CJ ENM sign MOU on content business
Dragonfly said on Wednesday that it has signed a memorandum of understanding (MOU) with CJ ENM Co. to cooperate in moving into new content busines...
Dec 07, 2022 (Gmt+09:00)
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Hydrogen economy
Lotte Chem, Air Liquide Korea launch JV for hydrogen business
South Korea’s chemical firm Lotte Chemical Corp. and Air Liquide Korea, the Korean unit of the French company Air Liquide SA, announced on Tue...
Dec 06, 2022 (Gmt+09:00)
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Companies
SK Discovery launches bio strategy, investment division
Korea's chemical company SK Discovery Co. on Tuesday said it launched a bio strategy and investment division headed by Kim Jung-hoon, director of SK...
Dec 06, 2022 (Gmt+09:00)
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Automobiles
Lotte Rental wins $30 mn Tower Export Award for selling used cars
Lotte Rental said on Tuesday that it was granted the "$30 Million Tower" Export Award at the "59th Korea Trade Day" award ceremony, thanks to ...
Dec 06, 2022 (Gmt+09:00)
Latest News
- 1 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 2 AI startup MarqVision raises $16.5 mn to close Series A
- 3 Taihan Cable wins $630 mn power grid project in Singapore
- 4 Korean startup scene is gloomy, say 2 out of 5 startup CEOs
- 5 MBK ups stakes for Korea Zinc to match buyback offer