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Posco is highlighting steel recycling and electric arc furnace technology in the second installment of its YouTube documentary series on the industry’s decarbonization. The steelmaker released “Steel, Finding New Life,” the latest episode of “The Evolution of Steel,” on its Posco Studio channel. Following the first episode, “Steel, Beyond the Age of Fire,” the new episode examines how scrap metal can be recycled and reused as the industry seeks to reduce carbon emissions. The episode opens at th
SK Biopharmaceuticals is staking nearly $800 million on rights to an epilepsy treatment from US biotech firm Biohaven, the company said Wednesday. In a regulatory filing, the South Korean drugmaker said it struck an exclusive licensing deal worth up to $795 million with Biohaven Bioscience Ireland Limited for the epilepsy drug candidate opakalim (BHV-7000), along with other Kv7 potassium channel openers and Biohaven's Kv7 Discovery Platform. Opakalim is an investigational treatment for partial-o
Three major LS Cable & System subsidiaries posted record first-half earnings as investment in AI data centers and power grids drove demand for cables, bus ducts and subsea infrastructure. Gaon Cable, LS Eco Energy and LS Marine Solution generated combined revenue of 2.42 trillion won ($1.75 billion) and operating profit of 119.7 billion won in the January-June period. Gaon Cable reported consolidated revenue of 1.63 trillion won, up 27.3 percent from a year earlier. Operating profit jumped 41.8
South Korean construction management firm HanmiGlobal said Wednesday that it ranked sixth in Engineering News-Record’s latest survey of the world’s leading construction and project management firms, the highest position ever achieved by a Korean company. The annual rankings cover major sectors of the global construction industry and are based on companies’ revenue from the previous year. HanmiGlobal recorded $255.8 million in construction management and project management revenue in 2025. Its ov
The 2026 Global Bio Conference opened on Wednesday, bringing together regulators, industry leaders and researchers to discuss emerging biopharmaceutical technologies and the regulatory frameworks needed to bring them to market. Hosted by the Ministry of Food and Drug Safety, the three-day event is being held under the theme “The Great Leap in Bio, Accelerating Innovation" at the Grand InterContinental Seoul Parnas in Gangnam-gu, southern Seoul. Now in its 12th edition, the conference brings toge
LG Chem is doubling down on transformation from a petrochemical-focused company into a materials powerhouse centered on semiconductors, mobility and batteries, as it aims to rebuild its business portfolio in alignment with future-leading industries. The company previously announced its road map to invest 15 trillion won ($10.8 billion) in research and development through 2035 with about 70 percent earmarked for future growth sectors. It has also established a new organization directly under CEO
House Foreign Affairs Committee Chairman Brian Mast took aim at South Korea's economic and security posture toward Washington, citing regulatory action against US-listed Coupang as proof Seoul is shortchanging American businesses. During an interview with Fox News on Sunday night, the Florida Republican argued that Seoul is letting regulations squeeze American corporate interests, while its promised direct investment in the US stalls. "They're hurting American companies like Coupang," Mast told
LX Pantos said Tuesday it had successfully completed a high-security defense logistics project to transport air-to-air missiles from France to South Korea for the latter's military's domestically developed amphibious attack helicopter program. The company said it carried out the project at the request of Korea Aerospace Industries, which is developing the amphibious attack helicopter under a defense acquisition program led by the Defense Acquisition Program Administration. The air-to-air missile
South Korean President Lee Jae Myung is expected to continue discussions with the country’s top business leaders this week as his government pushes to turn pledges into projects on the ground. Lee is arranging separate meetings with Hyundai Motor Group Executive Chair Chung Euisun and Samsung Electronics Chairman Lee Jae-yong after holding a private dinner with SK Group Chairman Chey Tae-won in Seoul on Aug. 20, according to sources on Tuesday. The presidential office declined to confirm the sch
Simmons has partnered with Posco and Kiswire to jointly develop and supply specialized steel wire used in mattress springs, strengthening its domestic supply chain for key materials. The mattress maker detailed the trilateral collaboration during a media tour held Wednesday through Friday at the Simmons Factorium, its manufacturing facility in Icheon, Gyeonggi Province. Under the partnership, Simmons and Posco will jointly research spring wire designed specifically for mattresses. Kiswire will t
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