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Doosan Heavy to lead development of hydrogen-fueled gas turbine

Korean power plant builder Doosan Heavy Industries & Construction said Thursday that it has joined forces with local firms to develop a hydrogen-fueled gas turbine for electricity generation.

2021-06-03

Samsung Electronics ranked world's second largest semiconductor maker

Samsung Electronics was the world's second largest semiconductor vendor in the first quarter of the year, a report showed Wednesday, after posting double-digit year-on-year sales growth.

2021-05-26

Kia's EV6 sees strong preorders in Europe

Kia, Korea's No. 2 automaker, said Wednesday its first all-electric model, the EV6, logged decent presale orders in Europe.

2021-05-05

Female chatbot company fined $92,900

Korea's data protection watchdog on Wednesday imposed a hefty penalty on a startup for leaking a massive amount of personal information in the process of developing and commercializing a controversial female chatbot.

2021-04-28

Korean household loan growth slows in March

Korean banks’ household loans grew at a slower clip in March, while the growth of mortgage loans remained at a high level, central bank data showed Wednesday.

2021-04-14

Posco building plant to extract lithium hydroxide

Posco, the world's fifth-largest steelmaker by output, said Wednesday it will build a plant in Korea to extract lithium hydroxide, a key material for electric vehicle (EV) batteries.

2021-04-14

Construction equipment makers expected to see strong Q1 results

Korea's construction equipment makers, led by Doosan Infracore, are forecast to have posted strong results in the first quarter, mainly thanks to their strong sales in the Chinese market, industry sources said Wednesday.

2021-04-07

Economic slump easing on improving manufacturing: KDI

The Korean economy is seeing signs of improvement as the manufacturing sector has continued to improve on the back of robust exports, a state-run think tank said Wednesday.

2021-04-07

LG Electronics unveils solar panels with improved efficiency

LG Electronics on Wednesday introduced its new solar modules that boast high efficiency as the Korean tech giant aims to expand its presence in the clean energy sector.

2021-04-07

Exports to the U.S. up 26 percent since FTA implemented

Korea's exports to the United States have jumped a whopping 26 percent since the implementation of their bilateral trade agreement in 2012, data showed Sunday, expanding at a faster pace compared with other global counterparts.

2021-03-14

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