SK On, SK Innovation’s battery subsidiary, reported its first-ever quarterly profits in the third quarter of this year after years of operating losses since its spinoff in 2021. During its earnings conference call on Monday, the battery maker reported an operating profit of 24 billion won ($17.4 million) in the July-September period, a significant turnaround from last year’s 86.1 billion won deficit, largely driven by inventory clearance and enhanced cost structure. Its sales fell

Girl group Twice will perform as a special guest at Coldplay's upcoming concerts in Korea. JYP Entertainment shared the news via its official social media post saying, "We look forward to Twice’s stunning visuals and stage presence at Coldplay’s world tour.” Coldplay is set to perform six shows in Korea as part of its "Music of the Spheres" world tour at the Goyang Sports Complex on April 16, 18, 19, 22, 24 and 25. Twice will appear at all six shows, joining

South Korea’s antitrust regulator has opened an investigation into “free delivery” promotions widely used by food ordering and delivery platforms here, according to industry sources on Monday. The Fair Trade Commission will look into whether delivery services have been offered actually free of charge without the costs being shouldered by restaurant owners or consumers. Earlier in the day, Rep. Yoon Hang-hong of the ruling People Power Party revealed documents that Baedal Minjok

Debate on whether to charge health insurance to day laborers of foreign nationality was sparked on Monday as local media reported that the government is reviewing such a plan as a new funding source for the national health insurance system amid Korea's low birth rate. The government is developing strategies to bolster its health insurance funding as Korea rapidly becomes a super-aged society, according to local reports. According to reports, this plan concerns expanding the income categorie

Hyosung Heavy Industries said Monday it has signed a contract with Denmark's leading offshore wind company, Orsted, to supply high-voltage electrical equipment, further strengthening its presence in the European transformer market. Under this agreement, Hyosung will deliver 400 kilovolts of high-voltage transformers and reactors to Orsted by 2027, which will be used for the Hornsea 4 project, an offshore wind farm planned for 2.4-gigawatt capacity off the coast of Yorkshire in northern Engl

South Korean energy company SK Eternix announced Monday that it has partnered with Charmvit Group and KDB Infrastructure Asset Management to fund high-efficiency solid oxide fuel cell power plant projects. Late last month, SK Eternix signed an agreement with multiple financial investors to secure 461 billion won ($336.1 million), marking the largest investment to date in Korea's fuel cell sector. The company anticipates this partnership will cover 85 percent of the total investment cost of