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LS Eco Energy secures first cable supply contract in Japan
LS Eco Energy said Tuesday its Vietnamese subsidiary LS-VINA has signed an annual supply contract for 6.6-kilovolt CVT distribution cables with Kitanihon Electric Wire, marking the company’s first entry into Japan’s power infrastructure market. Kitanihon Electric Wire is a subsidiary of Tohoku Electric Power and supplies distribution cables to major electric utilities in Japan. Japan’s power infrastructure market is widely considered difficult to enter due to its unique technical standards and s
March 10, 2026 -
Cosmax Indonesia partners with BRIN on skin microbiome research
Cosmax’s Indonesian unit said Tuesday it has signed a research agreement with the National Research and Innovation Agency to build the “Nusantara Skin Microbiome Map,” expanding microbiome research tailored to local skin characteristics. BRIN, a research institution directly overseen by the Indonesian president, is responsible for managing the country’s national research and development strategy and related research budgets. The agency also conducts research in bio and health sciences and works
March 10, 2026 -
CJ Olive Young takes K-beauty festival global
CJ Olive Young said Tuesday it would expand its signature beauty event, Olive Young Festa, to global markets this year, holding events sequentially in Japan and the United States. Launched as Korea’s first large-scale beauty festival, Olive Young Festa has served as an experiential platform where participating brands introduce their products directly to consumers, leveraging Olive Young’s product curation and beauty trend insights. This year’s Olive Young Festa 2026 will retain the event’s origi
March 10, 2026 -
Kia unveils upgraded Niro hybrid, discontinues EV version
Kia unveiled an upgraded version of its eco-friendly crossover Niro, offering the model exclusively as a hybrid while discontinuing the Niro EV as part of its shift toward dedicated electric vehicles. The South Korean carmaker said it will begin taking orders for the mildly face-lifted Niro model on Tuesday in South Korea. The refreshed model comes four years after the second-generation Niro was launched in January 2022. The upgraded Niro is offered in a hybrid version that delivers a combined f
March 10, 2026 -
How Boston Dynamics IPO could unlock Hyundai Motor Group’s ownership overhaul
Hyundai Motor Group’s decadeslong effort to streamline its complex ownership structure could finally gain momentum. The catalyst is not a new SUV, but the company behind the back-flipping humanoid robot Atlas. Boston Dynamics, the auto-to-steel conglomerate’s US robotics unit, will work toward a long-anticipated initial public offering on the Nasdaq this year, according to sources. With a potential listing as early as 2027, the company is expected to select underwriters and file for a preliminar
March 9, 2026 -
KCCI launches recruitment platform for USFK veterans
The Korea Chamber of Commerce and Industry said Monday it has launched a recruitment platform designed to connect former US military personnel who served in South Korea with Korean companies operating in the United States. The KCCI said it signed a memorandum of understanding with the Korea-US Alliance Foundation and participating companies to operate the job-matching platform, targeting American service members completing their assignments with US Forces Korea. The platform, accessible at www.U
March 9, 2026 -
Why cheaper flour, sugar may not mean cheaper ramyeon
South Korean makers of instant noodle are facing mounting pressure to cut retail prices, as government antitrust investigations into key ingredients such as sugar and flour trigger markdowns across the supply chain. Seven Korean flour millers — CJ CheilJedang, Daehan Flour Mills, Sajo Dongaone, Daesun Flour Mills, Samyang Corp., SamHwa Flour Mills and Hantop — face antitrust proceedings over allegations they colluded to fix flour prices between 2019 and 2025. Potential penalties could reach as h
March 9, 2026 -
Lotte Biologics seeks global partnerships at DCAT Week
Lotte Biologics said Monday it will participate in DCAT Week 2026, a major pharmaceutical and biotechnology industry gathering to be held in New York from March 23 to 26, as it looks to expand partnerships and strengthen its global presence in the contract development and manufacturing organization market. During the event, the company will host meetings at the Lotte New York Palace, the main venue of DCAT Week, to engage with potential partners and explore new business opportunities, particular
March 9, 2026 -
E-cigarette, dual users linked to higher metabolic, lung risks: KMI study
E-cigarette users and dual users — those who use both conventional cigarettes and e-cigarettes — are associated with a higher prevalence of metabolic syndrome and declining lung function, according to a recent study by the Korea Medical Institute. The findings are part of KMI’s “Health Big Data Series,” based on medical check-up data from approximately 3.05 million individuals who underwent examinations at eight KMI health screening centers nationwide. The study compared the prevalence of metabo
March 9, 2026 -
US not likely to hike tariffs if special investment bill passed in parliament: industry minister
Industry Minister Kim Jung-kwan said Sunday he has been told the United States is not likely to hike tariffs on South Korea if the National Assembly passes a special bill on Seoul's $350 billion investment pledge to the US Kim made the remarks at Incheon International Airport, west of Seoul, after visiting the US to meet with Commerce Secretary Howard Lutnick and others to discuss tariff issues and other bilateral trade matters between Seoul and Washington. "At a meeting with Lutnick, I explaine
March 8, 2026 -
Shin Yoo-yeol steps into spotlight as Lotte’s biotech bet tests heir
The message from Chairman Shin Dong-bin at the start of this year was blunt and poignant: Lotte Group cannot preserve its empire without shedding old habits. That mandate for renewed innovation and tighter capital discipline now seems to fall squarely on his eldest son, Shin Yoo-yeol, at the helm of the group’s future-growth agenda. Just three months after the 39-year-old took charge of Lotte Biologics, the conglomerate’s contract development and manufacturing arm, expectations are gathering aro
March 8, 2026 -
HD Hyundai Electric breaks ground on 2nd US transformer plant
HD Hyundai Electric said Sunday that it held a groundbreaking ceremony on Friday for a second plant at its North American production base in Montgomery, Alabama, HD Hyundai Power Transformers USA. Construction is scheduled for completion in April next year. The new facility will span about 29,000 square meters within the existing site and is expected to generate roughly 200 billion won ($134 million) in annual revenue. The company plans to invest about $200 million to boost production of extra-h
March 8, 2026 -
Industry minister, trade chief visit US to discuss Seoul-Washington tariff issues
South Korea's industry minister and trade chief visited the United States this week to coordinate responses to tariff issues and other pending trade matters between Seoul and Washington, the industry ministry said Saturday. Industry Minister Kim Jung-kwan and Trade Minister Yeo Han-koo met separately with US Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer on Friday (US time) to discuss pending bilateral trade issues. The visit was arranged to ease uncertainty surroun
March 7, 2026 -
SK On lays off nearly 1,000 workers at Georgia battery plant amid EV slowdown
The battery unit of SK Innovation Co. is laying off more than a third of the workforce at its plant in Georgia as the South Korean manufacturer navigates a slowdown in electric vehicle sales. SK Battery America laid off 958 employees Friday, about 37 percent of its 2,566-person workforce, according to a notice filed with the state of Georgia on Friday. The factory in Commerce, Georgia, supplied cells for Ford Motor Co.’s now-canceled electric F-150 Lightning pickup truck. It also supplies Volksw
March 7, 2026 -
Samsung Electronics unions launch strike vote, eye May walkout
Samsung Electronics’ labor unions will hold a strike authorization vote starting Monday as they move toward a possible general strike in May. The unions’ joint struggle headquarters said Friday that a vote on industrial action will take place from Monday to March 18, with the aim of securing the legal right to strike by mid-March. If more than half of all union members approve the move, the unions plan to stage a large-scale rally of members in April and proceed with a general strike in May. “Th
March 6, 2026