large-scale battery business unit
Scope
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Travel & Leisure
Korea’s top resort operator Sono buys T'way stake for $76 mn
South Korea’s top resort operator Sono International Co. bought a stake in T'way Air Co., a local low-cost carrier (LCC), for 105.6 billion wo...
2 HOURS AGO
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Corporate strategy
POSCO aims to quadruple operating profits by 2030
POSCO Group, South Korea’s No. 1 steelmaker, has set an ambitious goal of quadrupling its operating profits and doubling revenue by 2030 with ...
20 HOURS AGO
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Cloud computing
AhnLab launches integrated cloud service corporation
South Korea's AhnLab Inc. announced on Monday that it launched an integrated corporation named AhnLabCloudMate to oversee its cloud operation and ...
Jul 02, 2024 (Gmt+09:00)
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Batteries
LG Energy signs multi-billion-dollar LFP battery deal with Renault
LG Energy Solution Ltd., the world’s second-largest battery maker, has clinched a multi-billion-dollar deal to supply LFP batteries for low-en...
Jul 02, 2024 (Gmt+09:00)
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Fiber & Textile
Kolon launches composite materials firm Kolon Spaceworks
South Korea's Kolon Group announced on Monday it launched a new advanced composite materials company Kolon Spaceworks.Kolon Spaceworks is being es...
Jul 01, 2024 (Gmt+09:00)
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Electronics
Samsung OLED gaming monitor sales surpass 20,000 units
Samsung Electronics Co. announced on Monday that its sales of the new Odyssey OLED gaming monitor series have surpassed 20,000 units in a month.&nbs...
Jul 01, 2024 (Gmt+09:00)
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Automobiles
Hyundai Mobis combines electrification, module divisions
Hyundai Mobis Co., the world’s sixth-largest auto parts maker, said on Friday it has merged its electrification and module divisions to stream...
Jun 30, 2024 (Gmt+09:00)
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Batteries
LG Energy halts Arizona battery plant building on weak EV sector
LG Energy Solution Ltd., the world’s third-largest electric vehicle (EV) cell maker, has suspended construction of a plant in Arizona for batt...
Jun 28, 2024 (Gmt+09:00)
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Petrochemicals
Lotte Chemical's rating outlook cut on worsening financials
South Korea’s No. 2 petrochemicals maker Lotte Chemical Corp. has taken a hit from a lowered credit-rating outlook of the company and its majo...
Jun 28, 2024 (Gmt+09:00)
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IPOs
Naver's webtoon unit to raise $315 mn via Nasdaq IPO
Webtoon Entertainment Inc., South Korean tech giant Naver Corp.'s online comics platform, said on Thursday that it will raise $315 million by issuin...
Jun 27, 2024 (Gmt+09:00)
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Steel
POSCO gears up for carbon-free steelmaking with hydrogen
POHANG, North Gyeongsang Province – POSCO, the world’s seventh-largest steelmaker, is set to significantly reduce emissions in the produ...
Jun 26, 2024 (Gmt+09:00)
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Electronics
Samsung Bespoke refrigerator sells 3 mn units in five years
Samsung Electronics Co. announced on Tuesday that the cumulative sales of its Bespoke refrigerator in the South Korean market have surpassed 3 milli...
Jun 26, 2024 (Gmt+09:00)
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Batteries
SK On signs MOU to secure US-sourced lithium from ExxonMobil
SK On Co. has inked an MOU with ExxonMobil Corp. to buy lithium extracted by the US oil giant from a salt well in the US state of Arkansas. The deal...
Jun 26, 2024 (Gmt+09:00)
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Corporate restructuring
SK Inc. in talks to sell Pharmteco’s US CDMO plant to Novo Nordisk
SK Inc., the holding and investment company of SK Group, South Korea’s second-largest conglomerate, is negotiating to sell a major asset of it...
Jun 25, 2024 (Gmt+09:00)
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Aerospace & Defense
KAI inks $1.4 bn supersonic fighter jet mass production deal
Korea Aerospace Industries Ltd. (KAI), the country’s sole military aircraft manufacturer, said on Tuesday it signed a 2 trillion won ($1.4 bil...
Jun 25, 2024 (Gmt+09:00)
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Artificial intelligence
LG Uplus launches generative AI ixi-GEN
South Korean major mobile carrier LG Uplus Corp. officially launched its generative artificial intelligence model ixi-GEN on Tuesday, joining its bi...
Jun 25, 2024 (Gmt+09:00)
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Corporate bonds
EV battery maker LG Energy eyes $2 bn global bond sale
LG Energy Solution Ltd., the world’s third-largest electric vehicle battery maker, is poised to raise $2 billion in global bonds by the end of...
Jun 25, 2024 (Gmt+09:00)
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Corporate bonds
Doosan emerges as darling in Korea’s BBB bond market
Doosan Co. is poised to raise up to 80 billion won ($58 million) in bond sales this week following its credit rating upgrade as the holding company ...
Jun 25, 2024 (Gmt+09:00)
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Automobiles
GS Global launches BYD's T4K electric refrigerator truck
South Korea's general trading company GS Global Corp. announced on Monday that it will launch BYD Company Ltd.'s 1-ton electric truck, the T4K Refri...
Jun 24, 2024 (Gmt+09:00)
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Corporate restructuring
SK Ecoplant seeks to absorb SK Materials' industrial gas units
SK Ecoplant Co., a South Korean construction engineering and waste management company, is seeking to absorb the profit-making subsidiaries of SK Mat...
Jun 24, 2024 (Gmt+09:00)
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Logistics
Hyundai Glovis enters LNG transport business with Woodside Scarlet Ibis
Hyundai Glovis Co., the logistics unit of South Korea’s Hyundai Motor Group, is entering the liquefied natural gas transportation business wit...
Jun 23, 2024 (Gmt+09:00)
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Batteries
Lotte Energy Materials sets sights beyond copper foil: CEO Kim
MUNICH – Lotte Energy Materials Corp. is one of South Korea’s leading battery materials specialists.Formerly known as Iljin Materials Co...
Jun 21, 2024 (Gmt+09:00)
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Leadership & Management
Korea Zinc speeds up separation from Youngpoong in management feud
South Korea’s largest zinc smelter Korea Zinc Co. is accelerating its efforts to terminate its decades-long business relations with parent You...
Jun 21, 2024 (Gmt+09:00)
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Robotics
Yogiyo to begin autonomous robot delivery tests in August
Yogiyo, South Korea’s second-largest food delivery app, announced on Friday that it will begin outdoor autonomous robot delivery tests in Song...
Jun 21, 2024 (Gmt+09:00)
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Batteries
EcoPro BM in talks to produce sodium-ion battery cathodes
MUNICH, Germany – EcoPro BM Co., a South Korea cathode material producer, is in close discussion with a domestic carmaker to produce cathode m...
Jun 20, 2024 (Gmt+09:00)
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Chemical Industry
Lotte Chemical develops anti-thermal runaway material
Lotte Chemical Corp., South Korea’s second-largest petrochemicals company seeking to ramp up value-added advanced materials production, has de...
Jun 20, 2024 (Gmt+09:00)
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Private equity
Affinity to buy Korea's No. 2 car leasing firm for $591 mn
Affinity Equity Partners will buy a 100% stake in South Korea’s second-largest car leasing company SK Rent-a-Car Co. for 820 billion won ($591...
Jun 20, 2024 (Gmt+09:00)
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Mergers & Acquisitions
SK Innovation looks to merge with SK E&S for organic growth
SK Innovation Co., the parent of South Korea’s largest oil refiner SK Energy Co. and battery maker SK On Co., is looking to merge with energy ...
Jun 20, 2024 (Gmt+09:00)
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Corporate restructuring
SK Networks to split off SpeedMate, trade division
South Korea's SK Networks Co. plans to split off its auto management division SpeedMate and its trading unit.The board of directors approved the pla...
Jun 18, 2024 (Gmt+09:00)
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Corporate strategy
SK's Chey rebuts court's SK unit value estimate for divorce
SK Group Chairman Chey Tae-won on Monday said the Seoul High Court has innacurately inflated his contribution to the growth of SK C&C, a busines...
Jun 17, 2024 (Gmt+09:00)