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SK Ecoplant said Tuesday its wholly owned e-waste management affiliate has signed an initial pact with two Japanese companies for partnership in the used battery recycling business. Singapore-based Total Environment Solution (TES) has signed a memorandum of understanding with Sumitomo Mitsui Finan...
Major South Korean shipyard HD Korea Shipbuilding & Offshore Engineering said Tuesday it has clinched a 688 billion-won ($525.4 million) order to build four crude oil carriers for a shipper in Europe. Hyundai Samho Heavy Industries, one of HD Korea Shipbuilding's three shipbuilding units, will con...
Doosan Enerbility, a leading energy solutions provider in South Korea, announced on Monday that it has signed a contract valued at 150 billion won ($114 million) to supply equipment for Saudi Arabia's largest combined-cycle power plant project. The agreement was reached with China’s SEPCO-3, resp...
Samsung Electronics said Monday it will launch its latest Bespoke AI Combo washer-dryer globally within the second quarter of this year. The Bespoke AI Combo, which combines a 25 kilogram washing capacity with a 15 kg heat-pump drying capability, debuted in South Korea late last month. Within jus...
Samsung Group, South Korea’s top conglomerate, said Sunday that its official recruitment in the first half of this year will start Monday, with 19 affiliates joining the large-scale hiring of entry-level workers. The key affiliates include Samsung Electronics, Samsung Display, Samsung Biologics, ...
South Korean battery materials maker EcoPro said Sunday it would invest 1.2 trillion won ($910 million) in its Pohang campus in North Gyeongsang Province this year to expand its comprehensive secondary battery supply chain, which covers everything from producing key components to recycling. The co...
Hyundai Motor Group, the world’s third-largest carmaker, is getting closer to testing the production of electric vehicles equipped with solid-state batteries in collaboration with Factorial Energy, a US-based solid-state battery developer. Factorial Energy announced in October last year that it d...
Hanwha Ocean, a South Korean manufacturer specializing in ships and LNG plants, has recently registered two trademarks for new entities, hinting at its expansion into maritime energy development, according to industry sources, Friday. The registration of these two trademarks -- Hanwha Drilling and...
South Korean retail giant Shinsegae Group said Friday that it has promoted Chung Yong-jin, the 55-year-old son of the conglomerate’s Chair Lee Myung-hee, to chair with a mission to address the challenges in the country’s retail sector. "The increasingly competitive retail market is facing a wide...
South Korean pharmaceutical company Handok announced Friday that GX-H9, a long-acting recombinant human growth hormone it co-developed with Genexine, has won orphan drug designation from the country's Ministry of Food and Drug Safety. Handok said the designation for GX-H9, which it received on Mon...
South Korean retail giant Lotte Group Chair Shin Dong-bin is stepping up efforts to increase the group’s artificial intelligence capability. Lotte Group, on Friday, announced that the company held a conference on AI technology at Lotte World Tower on Thursday. Around 110 officials from the group ...
South Korean shipbuilder Hyundai Mipo Dockyard on Friday held a christening ceremony for a container ship in this southeastern port, which is slated to undergo a test for autonomous navigation. The 1,800 twenty-foot equivalent unit (TEU) vessel, christened the Pos Singapore, will be delivered to P...
Close competition is predicted among the four domestic low-cost carriers vying for the acquisition of Asiana Airlines' cargo division, with Air Premia and Air Incheon emerging as the prime contenders, according to industry sources on Thursday. Financial services firm UBS, which is overseeing the s...
Korean petrochemicals firms are downsizing their businesses as they are grappling with lower demand and higher supply of products from China, according to industry sources Thursday. Lotte Chemical, South Korea’s leading petrochemicals company, has reportedly embarked on the process of selling its...
Hyundai Engineering & Construction announced Wednesday that the company signed business agreements with US energy equipment supplier Holtec International, and with UK construction firms Balfour Beatty and Mott MacDonald, in a bid to join the UK government’s small modular reactor project. The UK g...
Samsung chip business back on track, logs W1.9tr operating profit in Q1
Marking 10 years, KB accelerator nurtures 255 startups
Financial groups maintain capital adequacy despite ELS risk
Naver, Intel, KAIST join forces to set up AI lab in Korea
Ministry launches special team to end dog meat consumption by 2027
Hyundai Motor launches internship program for foreign students