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Kowepo to inject W250b to build 3 fuel cell power plantsJan 4, 2021Korea Western Power said Monday it will invest 250 billion won ($231.3 million) to construct three fuel cell-based electricity generation facilities. In a recent board meeting, Kowepo, which aims to... -
Hyundai Motor may buy EV batteries from Samsung SDI for 1st timeJan 4, 2021Hyundai Motor said Monday it has selected Samsung SDI as one of the final candidates to supply batteries for its electric vehicles to be rolled out in 2023. South Korea’s largest automaker is curren... -
Renault Samsung's Dec. sales nearly halve amid pandemicJan 4, 2021Renault Samsung Motors Corp. said Monday that its auto sales tumbled 46.9 percent last month from a year earlier as the COVID-19 pandemic continued to weigh on demand for its models. The South Korea... -
HHIH likely to complete acquisition of DSME within H1: HHIH chairmanJan 4, 2021Global shipbuilding behemoth Hyundai Heavy Industries Holdings Co. (HHIH) will be able to complete the acquisition of smaller local rival Daewoo Shipbuilding & Marine Engineering Co. (DSME) within th... -
Korea begins approval process for AstraZeneca vaccineJan 4, 2021AstraZeneca’s COVID-19 vaccine (AZD1222) will be reviewed for potential approval in South Korea within the next 40 days, Korea’s Ministry of Food and Drug Safety announced Monday. According to the D... -
Daewoong to initiate phase 3 trial of camostat in combination with remdesivirJan 4, 2021Daewoong Pharmaceutical’s pancreatitis treatment Foistar (DWJ1248) is to enter a new phase 3 clinical trial in combination with Gilead Science’s remdesivir, the company said in a regulatory filing Mo... -
GS chairman vows focus on digital competency in New Year’s addressJan 4, 2021GS Group will focus on digital competency and environmentally-friendly management to discover new business projects, the chairman of the group Huh Tae-soo said on Monday. In a livestreamed New Year’... -
Daewoo E&C wins W2.9tr port deal in IraqJan 4, 2021Daewoo Engineering & Construction Co., a major South Korean builder, said Monday it has signed a 2.9 trillion-won ($2.7 billion) deal with the Iraqi government to build port facilities. Daewoo E&C h... -
NCSoft's Lineage 2M to land in Japan, Taiwan in Q1Jan 4, 2021Lineage 2M, a mobile massively multiplayer online role-playing game (MMORPG), will land in Japan and Taiwan during the first quarter of this year, South Korean online game maker NCSoft said Monday. ... -
More than 330 Korean exhibitors to attend CES 2021Jan 4, 2021More than 330 South Korean exhibitors are expected to introduce their new products and cutting-edge services at the world's largest tech expo next week, data from its organizer showed Monday. So far... -
Pandemic-hit oil refiners' losses estimated at W5tr won in 2020Jan 3, 2021The coronavirus pandemic is likely to have come as a big draw on South Korean oil refiners last year as their low refining margins ate into their profitability, industry sources said Sunday. Whipsaw... -
LG Display to showcase 48-inch flexible sound-making display at CES 2021Jan 3, 2021LG Display Co., a major display panel maker in South Korea, said Sunday it will showcase a 48-inch flexible display that can generate sound without speakers at the world's largest tech expo next week... -
S. Korea’s EV market poised for take-off in 2021Jan 3, 2021For South Korea’s electric vehicle business, 2020 apparently served as a turning point with global players such as Tesla on the up and up and the ongoing COVID-19 pandemic raising the alarm about env... -
Bendable, high-definition displays gearing up for 2021Jan 3, 2021LG Display unveils next-generation multi-function screen -
Pandemic-hit oil refiners' losses estimated at W5tr in 2020Jan 3, 2021The coronavirus pandemic is likely to have come as a big draw on South Korean oil refiners last year as their low refining margins ate into their profitability, industry sources said Sunday. Whipsaw...
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