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South Korea's leading conglomerates are considering a multitrillion-won investment in US nuclear power company Westinghouse Electric, in a move that could give Korean businesses a stronger foothold in America's expanding nuclear energy market. But the proposed investment raises a central question: Will buying a stake in Westinghouse translate into construction and equipment contracts for Korean companies? SK Group, Samsung C&T, Hyundai Engineering & Construction and Doosan Enerbility are reviewi
Samsung Electronics Chairman Lee Jae-yong reportedly met with five top executives in Tokyo this week, fueling speculation over the company's semiconductor strategy in Japan and broader business priorities. According to industry sources Thursday, the executives traveled to Tokyo on Tuesday to meet Lee, who was already in Japan. The group included Vice Chairman Chung Hyun-ho, a longtime confidant of Lee; Park Hark-kyu, head of Samsung's business support office; Jun Young-hyun, head of the Device S
US President Donald Trump has again asserted South Korea pledged $50 billion to a massive liquefied natural gas project in Alaska, despite Seoul's insistence that no final investment decision has been made, as he touts foreign investment ahead of next month’s midterm elections. In a post on Truth Social on Wednesday, Trump said he had launched the Alaska LNG project, describing it as the largest energy infrastructure project in the state’s history. "This 50 billion dollar infrastructure investme
Posco said Thursday it signed a memorandum of understanding with Hanwha Ocean to develop and test liquefied natural gas carrier cargo tanks made from its proprietary high-manganese steel, aiming to expand the material's commercial use in shipbuilding. The agreement was signed at Hanwha Ocean's shipyard in Geoje, South Gyeongsang Province, with Posco CEO Lee Hee-geun and Hanwha Ocean CEO Kim Hee-cheul in attendance. Under the deal, Hanwha Ocean will build a demonstration vessel equipped with stee
PUNE, India — Yellow robotic arms swing, twist and weld steel car bodies in synchronized movements at Hyundai Motor's new plant in Pune, western India. Nearby, laser scanners sweep across doors and hoods, checking for defects with precision beyond the human eye. The factory floor is a striking departure from what stood here just a few years ago. When General Motors shut down the facility in 2020 and exited India, it left behind a largely manual assembly plant with just six welding robots. The si
PUNE, India — Hyundai Motor Group will allocate 60 percent of its planned $15.5 billion investment in India to expanding manufacturing capacity, with the remainder going toward emerging technologies, research and talent development, as the Korean auto giant steps up its push in one of the world's fastest-growing car markets. Vice Chair Chang Jae-hoon outlined the investment breakdown Wednesday following the inauguration of Hyundai Motor's new Pune plant, saying 20 percent would go toward technol
BUPYEONG, Incheon — Inside GM Korea’s service training center at its Bupyeong plant, two Buick Electra E7 SUVs were parked side by side. One was fully assembled, while the other partially dismantled to show its inner workings beneath its body. Laid out separately in front of the disassembled plug-in hybrid SUV were its 1.5-liter gasoline engine, electric drive unit and high-voltage battery, offering technicians a chance to study the parts they would soon be servicing. Bright orange cables and wa
Celltrion said Thursday it will present clinical data on its autoimmune disease treatment Remsima SC and promote its broader inflammatory bowel disease (IBD) drug portfolio at UEG Week 2026 in Barcelona, Spain, from Saturday to Tuesday. The annual United European Gastroenterology Week is a major international conference for digestive disease specialists, drawing more than 12,100 participants from 115 countries last year. The Korean biopharmaceutical company will showcase its Remsima intravenous
South Korean genomics company Macrogen said Thursday it has begun operating Roche's next-generation genome sequencing platform, Axelios 1, at its Songdo Global Genome Center in Incheon, aiming to speed up genetic analysis and expand capacity for large-scale research. Macrogen is among the first companies worldwide to adopt the system, developed by Swiss healthcare giant Roche. The platform began operations Wednesday following initial testing. The installation is expected to strengthen Macrogen's
As Samsung Electronics, SK hynix and Micron Technology race to build new chip factories, concerns are growing that expansion to meet today's AI-driven memory shortage could eventually result in another damaging supply glut. But a leading Korean semiconductor expert argues that expanding capacity could give the industry's dominant players greater flexibility to respond to shifting demand — and potentially help Korean chipmakers regain market share lost to Chinese rivals. Kim Hyung-joon, head of t
AmCham chief receives honorary doctorate from Korea Aerospace University
Korea's manufacturing jobs rise for first time in 27 months
Bentley hits the battlegrounds in PUBG's latest update
Samsung's top brass convene in Tokyo as Japan chip ties deepen
LG, Apple take on Amazon, Google with AI home devices
Hyundai bets $15.5b on India as global production hub
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