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IMM Investment Japan has led a Series D funding round for fusion energy startup Kyoto Fusioneering, backed by Korean industrial heavyweights. The investment was made through the Korea-Japan Fusion Fund, a cross-border vehicle established to connect Korean capital and industrial networks with Japanese deep-tech companies, IMM Investment said Tuesday. Strategic investors in the fund include Posco Holdings, Posco International, Doosan, Hyundai Motor and GS E&C. Octagon Venture Partners participated
LS Cable & System said Tuesday it signed a memorandum of understanding with the AI Factory Frontier consortium to jointly develop AI data center projects. The consortium brings together companies specializing in GPUs, power equipment, cooling, architecture and business development. The partnership covers AIDC projects from power demand and site assessment through infrastructure development. The company will use superconducting systems for external grids and bus ducts and fiber-optic cables for i
JungKwanJang, KGC’s health supplement brand, ranked first in the global red ginseng and herbal dietary supplement markets for a 12th consecutive year, according to data from market researcher Euromonitor International. The brand accounted for 44.3 percent of global red ginseng retail sales in 2024, up from 40.4 percent in 2020. It has led the category every year since the survey began in 2014. JungKwanJang also ranked first in the broader herbal dietary supplement category with a 3.5 percent glo
Samsung Electronics and LG Electronics are scaling up their data-center cooling businesses as power-hungry AI chips turn heat management into a critical infrastructure bottleneck. Data centers have traditionally relied on air cooling. But advanced artificial intelligence accelerators and increasingly dense server racks are pushing those systems toward their practical limits. Nvidia’s B200 and other next-generation chips consume more than 1,000 watts each, accelerating the shift toward liquid coo
Youngone, a South Korean manufacturer of outdoor and athletic apparel and footwear, has released the English edition of its 2025 Sustainability Report, expanding global access to information on its environmental, social and governance performance after publishing the Korean version in July. The report follows major international disclosure frameworks, including the Global Reporting Initiative Standards 2021 and recommendations from the Task Force on Climate-related Financial Disclosures. In the
Global asset manager Franklin Templeton said Tuesday that it had appointed Kim In-keun president and CEO of its Korean operations. Kim will lead Franklin Templeton Investment Advisors Korea, overseeing its strategy and operations. He will work with the local team and Asia-Pacific leadership to expand the business and strengthen client services. Kim joins after six years at Western Asset Management’s Singapore office. He has more than 27 years of experience in asset management, with a focus on in
Hyundai Motor’s labor union has approved a tentative agreement that includes higher base pay, bonuses and new hiring commitments, concluding months of contentious wage negotiations and strikes. The carmaker said 19,183 workers, or 61.55 percent of the 31,166 union members who cast ballots in a vote held Monday, voted in favor of this year’s wage agreement between the labor union and the company. Under the agreement reached last week, Hyundai Motor will raise monthly base pay by 100,000 won ($73)
Four South Korean defense companies — Hanwha Group, LIG Nex1, Hyundai Rotem and Korea Aerospace Industries — made the world’s 100 largest defense contractors for a second consecutive year, reflecting the industry’s growing export presence, particularly in Europe. Hanwha climbed six places to No. 16 in the annual ranking released Monday by US publication Defense News. The list ranks companies by defense revenue from the previous year. Hanwha’s defense revenue surged to $10.44 billion in 2025 from
South Korea’s antitrust regulator has approved Hanwha Group’s acquisition of a 15.89 percent stake in Korea Aerospace Industries, clearing a key regulatory hurdle in the conglomerate’s push to build a defense business spanning land, sea, air and space. The Fair Trade Commission said Monday that it had approved the share purchases by Hanwha Aerospace, Hanwha Systems and Hanwha Ocean. The review focused on whether the minority stake would give Hanwha effective control over KAI. Under the Fair Trad
IPARK Hyundai Development Co., the builder behind the IPARK apartment brand, posted its strongest quarterly operating profit in five years, as higher-margin housing projects lifted earnings despite elevated construction costs. The company said Monday that consolidated operating profit reached 122.7 billion won ($89.4 million) in the second quarter, up 52.9 percent from a year earlier and 53.1 percent from the previous quarter. Revenue rose 35.7 percent on-quarter to 914.6 billion won, while net
Chipotle bets on Korea for first bite of Asia
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