World Steel Dynamics
Scope
Date
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Carbon neutrality
POSCO, Hancock partner for low-carbon steel materials production
South Korea’s top steelmaker POSCO Co. and Hancock Prospecting Pty Ltd, a leading Australian mining firm, are slated to collaborate in low-car...
Mar 30, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
HD Hyundai files complaint against EU's veto of DSME merger
HD Hyundai, formerly known as Hyundai Heavy Industries Holdings Co., has filed a complaint against the European Commission, the executive body of th...
Mar 28, 2022 (Gmt+09:00)
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Electronics
Samsung launches LTE-only Galaxy A23 to target low-end market
Samsung Electronics Co. on Friday launched the 4G LTE Galaxy A23 smartphone, a cheaper version of its flagship Galaxy A series models, targeting the...
Mar 25, 2022 (Gmt+09:00)
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Batteries
LG Energy, Stellantis to build $4.1 billion battery plant in Canada
The world’s second-largest battery maker LG Energy Solution Ltd. and multinational automaker Stellantis N.V. have agreed to build a $4.1 billi...
Mar 24, 2022 (Gmt+09:00)
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Batteries
LG Energy considers billion-dollar battery plant in Arizona
South Korea’s LG Energy Solution Ltd. may build a billion-dollar battery plant in the US state of Arizona to meet growing demand in North Amer...
Mar 22, 2022 (Gmt+09:00)
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Retail
Korea rises as test bed for global luxury brands
South Korea is becoming a test bed for global high-end brands such as Balenciaga, Valentino, IWC and Breitling. The world's top luxury brands, pre...
Mar 21, 2022 (Gmt+09:00)
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Food & Beverage
Gucci to open world’s fourth Osteria restaurant in Seoul
Seoulites are set to enjoy Gucci’s fine-dining experience from later this month.The Italian luxury fashion house said on Wednesday it will ope...
Mar 17, 2022 (Gmt+09:00)
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Business & Politics
President-elect pledges to build S.Korea as 'pivotal' global power
President-elect Yoon Suk-yeol pledges to build South Korea into what he dubs a global 'pivotal' power that contributes to freedom, peace, and prospe...
Mar 10, 2022 (Gmt+09:00)
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Korean games
Pearl Abyss releases mobile game Black Desert in China in April
South Korean game developer and publisher Pearl Abyss set a China release date of April 27 for its cross-platform MMORPG Black Desert on the App Sto...
Mar 10, 2022 (Gmt+09:00)
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Korean SMEs
Smart factories drive Korea SMEs to reshore overseas plants
South Korea’s small and medium-sized enterprises adopted smart factories for survival as the digitalized facilities improve productivity and q...
Mar 03, 2022 (Gmt+09:00)
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Corporate restructuring
POSCO launches holding firm to develop non-steel biz
POSCO, the world’s sixth-largest steelmaker, on Wednesday launched a holding company to develop the group into an eco-friendly future material...
Mar 02, 2022 (Gmt+09:00)
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Aerospace & Defense
Korea sets Nuri space rocket’s second launch for mid-June
South Korea will make a second attempt to launch its first domestically designed and developed space rocket Nuri in mid-June after an earlier attemp...
Feb 25, 2022 (Gmt+09:00)
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Tech, Media & Telecom
App-rich LG smart TVs blur lines with smartphones
From home workouts to math and science courses, thousands of apps now available on LG smart TVs are blurring the lines between TVs and smartphones.S...
Feb 22, 2022 (Gmt+09:00)
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Earnings
OCI swings back to profit as polysilicon prices surge
OCI Co., the only polysilicon maker in South Korea, is considering doubling its output of the solar cell material in Malaysia to meet rising demand,...
Feb 21, 2022 (Gmt+09:00)
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Electronics
Samsung, LG dominate global TV market with premium models
South Korea’s two home appliances giants – Samsung Electronics Co. and LG Electronics Inc. – dominated the global TV markets last ...
Feb 20, 2022 (Gmt+09:00)
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Electronics
LG launches world’s first 42-inch OLED TV in UK at £1,399
South Korea’s LG Electronics Inc. has launched the world’s first 42-inch OLED TV, which the company said is ideal for game consoles such...
Feb 18, 2022 (Gmt+09:00)
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Mergers & Acquisitions
PI Advanced up for sale in deal estimated at $1 bn
Seoul-based Glenwood Private Equity is putting a majority stake in South Korea's PI Advanced Materials Co., the world's largest polyimide (PI) film ...
Feb 15, 2022 (Gmt+09:00)
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Automobiles
Hyundai Steel supplies high-strength steel for Genesis G80 EV, G90
Hyundai Steel Co. is supplying its newly developed ultra-high-strength steel sheets for car bodies to Hyundai Motor Co. for its electric vehicles an...
Feb 11, 2022 (Gmt+09:00)
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Earnings
Korean Dongkuk Steel profits surge as Brazil CSP turns profitable
Dongkuk Steel Mill Co., the world’s leading manufacturer of color-coated steel, reported the largest operating profit in 13 years on strong de...
Feb 11, 2022 (Gmt+09:00)
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Earnings
Hyundai Heavy's KSOE posts $1.1 bn loss in 2021
Korea Shipbuilding & Offshore Engineering Co. (KSOE), under Hyundai Heavy Industries Group, on Monday reported a bigger-than-expected operating ...
Feb 07, 2022 (Gmt+09:00)
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Joint ventures
Doosan to build Saudi Arabia's largest steel casting plant
Doosan Heavy Industries and Construction Co., South Korea's power plant components supplier, signed a preliminary agreement on Wednesday to build Sa...
Jan 20, 2022 (Gmt+09:00)
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Korean chipmakers
Samsung Elec paves way for computer without CPU
Samsung Electronics Co., the world’s top memory chip maker, succeeded in developing in-memory computing technology that allows running a compu...
Jan 14, 2022 (Gmt+09:00)
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Steel
POSCO to revive India steel mill construction plan
POSCO Co. plans to build a steel mill jointly with India's Adani Group in western India, the South Korean steelmaker said on Thursday, after its pre...
Jan 13, 2022 (Gmt+09:00)
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Private equity
Baillie Gifford, Allianz increase holdings in 3D tech firm Koh Young
Global asset managers are increasing shareholdings in Koh Young Technology Inc., Korea’s leading 3D image measurement tech firm listed ...
Jan 13, 2022 (Gmt+09:00)
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Earnings
POSCO logs record profit on steel supercycle in 2021
POSCO Co., the world’s sixth-largest steelmaker, reported record earnings in 2021, adding to the bullish outlook, as China sustained a policy ...
Jan 12, 2022 (Gmt+09:00)
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Energy
Hylium, KRISO, POSCO receive initial approval for liquid hydrogen storage tanks
Hylium Industries Inc. announced Wednesday that it has been granted an approval in principle (AIP) by the Korean Register for two types of jointly d...
Jan 12, 2022 (Gmt+09:00)
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Automobiles
Hyundai Motor’s Alabama plant: World’s second most productive
Hyundai Motor Co.'s US manufacturing plant in Montgomery, Alabama is the world’s second most productive assembly plant, contributing to the So...
Jan 11, 2022 (Gmt+09:00)
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Steel
POSCO breaks ground on China automotive steel plant with HBIS
China’s HBIS Group Co., the world’s third-largest steelmaker, and South Korea’s POSCO Co., the No. 6 player, broke ground on an au...
Jan 07, 2022 (Gmt+09:00)
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Future mobility
Hyundai looks beyond cars to link real, virtual worlds in metamobility
LAS VEGAS – Hyundai Motor Co. has unveiled its grand ambitions to pioneer the use of robotics in both the real world and the virtual sphere, c...
Jan 05, 2022 (Gmt+09:00)
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Sovereign wealth funds
KIC eyes tech, healthcare, telecoms via PE and VC
Korea Investment Corporation (KIC) aims to increase alternative investment to 25% of its total investment by 2025 as well as rank among the world's ...
Jan 05, 2022 (Gmt+09:00)