S. Korean conglomerate to hire over 100 employees in space areas

SK Nexilis, an SKC subsidiary, said Monday it has partnered up with Japan-based Toyota Tsusho Corp. to set up a joint venture and produce copper foil for electric vehicle rechargeable batteries in North America. Under the joint investment, SK Nexilis will be in charge of copper foil production, while Toyota Tsusho Corp. plans to secure battery makers in North America. Copper foil is used as a key anode material for lithium-ion batteries. Details such as the size of the deal and the location wh

SK Inc., the strategic investment holding company of South Korea’s second-largest conglomerate SK Group, published its annual environmental, social and governance reports Monday, including details of the company’s business management and climate-related finance plans. The company said it has released three such reports: the sustainability report carrying the company’s ESG management strategy; the Task Force on Climate-Related Financial Disclosure with the company’s climat

KG Mobility, formerly known as SsangYong Motors, said Monday it will release the Torres EVX, an all-electric model of its bestselling midsized sport utility vehicle, in September. KG Mobility said it expects the driving distance per charge to be 420 kilometers or longer. The vehicle's price could begin as low as 48.5 million won ($38,100). Specifications will be finalized upon the official release. (KG Mobility)

South Korean IT solutions provider LG CNS said Monday it has formed a trilateral alliance with US-based Scaled Agile and Seoul-based cloud and agile service provider Open Source Consulting to strengthen its business in building and improving cloud-optimized applications. The three firms signed a memorandum of understanding to make joint efforts to explore and foster business opportunities for application modernization based on the Scaled Agile Framework, an enterprise agility framework provided

Samsung C&T Corp. has been named the top builder in South Korea for 10 straight years in terms of building capacity, government data showed Monday. Samsung C&T, a construction affiliate of top conglomerate Samsung Group, took the leading slot among the 77,675 local construction firms evaluated, according to the Ministry of Land, Infrastructure and Transport. Samsung C&T's construction capacity was valued at 20.73 trillion won ($16.3 billion), easily beating runner-up Hyundai Eng

The number of international flight passengers recovered to nearly 65 percent of the pre-pandemic level in the first half of the year, government data showed Monday. A total of 29.5 million people boarded international flights between January and June, accounting for 64.8 percent of the 45.6 million tallied over the same period in 2019, before the COVID-19 pandemic, according to the data compiled by the Ministry of Land, Infrastructure and Transport. By destination, the number of travelers to the

Japanese carmaker’s popular family SUV makes Korea debut

The Financial Supervisory Service's electronic disclosure board has gotten a new update from Monday, providing foreign investors with more English information on financial disclosures. With the update, when firms file disclosures on DART, the name of the company, report title and name of the attached files will be available in English on the English version of the website at the same time as the Korean one. Previously, English disclosures were only available when Kospi and Kosdaq-listed c

The size of South Korea’s domestic drug market reached an all-time high of 29.9 trillion won ($23.4 billion) last year, up 17.6 percent on-year, according to government data, Sunday. The drug market size is calculated by adding the value of total drug production here and the drug import value, then subtracting the drug export value. According to the Ministry of Food and Drug Safety, the country’s drug production in 2022 grew 13.6 percent on-year to 28.9 trillion won, from 25.49 trill

Established in 2015, startup sets up 12 ground stations globally to offer end-to-end services for satellite operators

GM's compact SUV leads S. Korean auto export list

The combined US market share of Hyundai Motor Co. and its smaller affiliate Kia Corp. inched up in the first half of the year from a year earlier, managing to stay above the 10 percent range amid the recovery in demand and output, data showed Sunday. Their combined share came to 10.6 percent in the January-June period, up 0.3 percentage point from the previous year, according to the data by the US-based Automotive News outlet. Hyundai and Kia saw their combined market share rise to double digits

Suga of K-pop phenomenon BTS has become the first user of Samsung Electronics’ latest foldable phone, the tech giant said Friday. Samsung Electronics said Suga will be the “first in the world to own a #GalaxyZFold5," via a post on Twitter, now called X. Held for the first time in Seoul, the Samsung Unpacked event "saw extra excitement and wonder to the already awe-inspiring event when one of our favorites, #Suga of @BTS_twt, came to #JoinTheFlipSide,” the post read. T

Mobile chief sets shipment target of over 10m for Galaxy Z Flip5, Z Fold5