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LG Chem will try to quintuple its electric vehicle battery business by 2024, the company’s CEO said on July 9. CEO Shin Hak-cheol said the company is targeting 59 trillion won ($49.9 billion) in ...
South Korea maintained the top spot in global shipbuilding orders for the second straight month last month, industry data showed on July 9. In June, local shipyards won orders totaling 340,000 co...
The Korea Electric Power Corp. plans to sell stake in its two affiliates, officials at the state-run utility company said on July 8, in a bid to improve its financial status. The two affiliates a...
Samsung Heavy Industries said July 8 it has successfully built the world’s largest container vessel. The shipbuilder said one of the six 23,000 20-foot equivalent unit-class container ships order...
Hanjin Heavy Industries & Construction, a midsize shipbuilding and construction company in South Korea, said on July 4 it has signed a strategic partnership with a Filipino builder to win infrastruct...
Hyundai Glovis said on July 4 it has expanded sales network in India to strengthen its presence in the emerging market. The company has recently set up sales offices in the northern Indian city o...
SoftBank CEO Masayoshi Son, also known as Son Jeong-Ui in South Korea, will visit Seoul on July 4 and meet with heads of conglomerates including Samsung Group’s Lee Jae-young, local media reported on...
South Korea’s major conglomerates hold property assets worth 40 trillion won ($34.16 billion) with Lotte leading the list, CEO Score, a website that analyzes Korean conglomerates, said on July 3. Ac...
Korean Air said on July 3 it will open four new routes to China and the Philippines later this year to better serve customers. The national flag carrier plans to begin services on routes from Inc...
Hyundai Heavy Industries Group said on July 2 it has officially started the process to earn approval from anti-trust regulators for its proposed takeover of Daewoo Shipbuilding and Marine Engineering...
South Korea’s Trade Ministry said on July 1 it will deal sternly with a move by Japan to tighten the rules for exports of semiconductor and display materials to Seoul, voicing regrets over the Japane...
South Korea is making steady progress in key areas of the “fourth industrial revolution,” helping the country maintain its growth going forward, the government said on July 1. There has been a so...
Samsung Heavy Industries, a major South Korean shipbuilder, said on July 1 that it has clinched a $120 million deal to build a special-purpose vessel for a European company. The shipbuilder said ...
British American Tobacco said on June 27 it is betting big on robust exports from its South Korean production facility, bucking its slump in the domestic market. “BAT Korea will explore new expor...
Kumho Asiana Group, a South Korean airline-to-petrochemical conglomerate, said on June 27 it will begin the process to sell its airline unit next month as part of its broad restructuring efforts. ...
Samsung Display CEO confirms QD-OLED plan
KT launches epidemic prevention app in Ghana
Signs of global recession haunt S. Korean economy
SKT ‘opens virtual zoo’ in Seoul
Han Sung Motor revenue triples under Ausprung leadership
Incheon Airport expands overseas business portfolio
Can LG smart fridge actually tweet?
WeMade turns profitable, share price jumps
August 18, 2019
