Business is war.
South Korea’s nuclear regulator will decide on Thursday whether to grant a 10-year operational extension to the Kori-2 reactor, which began operating 42 years ago. The Nuclear Safety and Security Commission postponed its September decision to allow further review of the proposal from state operator Korea Hydro and Nuclear Power. The 650-megawatt facility stopped generating…
Samsung SDI has joined forces with Korea Electrical Safety Corporation to establish stricter safety protocols for the country’s energy storage system sector. The battery manufacturer secured roughly 80 percent of bids in the nation’s initial long-cycle ESS tender worth about 1 trillion won. The two organizations will work together on accident prevention guidelines, monitoring equipment…
Korean Air has formed an alliance with Lockheed Martin to provide maintenance and logistical operations for American military aircraft throughout the Indo-Pacific theater. The agreement aims to boost combat preparedness for Air Force, Navy, and Army equipment stationed across the region. The South Korean carrier brings 50 years of aerospace experience and has serviced more…
S&P Global Ratings lifted its outlook for LG Electronics from stable to positive on Tuesday, the first such change in three years. The agency cited strong results in appliances and auto electronics, alongside cash from an Indian unit public offering and recovery at its affiliate, LG Display. Analysts expect better financial metrics within two years…
Musinsa changed its store logo and brand identity on Wednesday for the first time since 2018. The South Korean fashion platform separated its online and offline Musinsa Store branding from the parent Musinsa Company. The redesign uses a bolder font that spells out MUSINSA in English letters across digital storefronts and physical retail locations. Company…
South Korea introduced broad cybersecurity reforms on Wednesday following major breaches at telecom and financial companies. The National Security Office will inspect 1,600 critical systems across government networks and private firms while sharing intelligence tools with businesses. An AI forensic platform will reduce investigation time from 2 weeks to 5 days, as operators face surprise…
Palliser Capital disclosed more than 1 percent ownership in LG Chem at a New York hedge fund conference on Tuesday. The London firm ranks among the top 10 investors and called out a 74 percent discount between market value and net assets. LG Chem trades at 28 trillion won despite holding 79 percent of LG…
Cha Vaccine Institute will concentrate on products closer to market and strengthen immune platforms for global growth under CEO Han Seung-il. The former Pfizer executive said on Wednesday that raising the firm’s market value has been his main priority since August. He aims to build investor confidence through clinical achievements and international partnerships. The biotech…
K-water displayed its artificial intelligence water management systems to Luxembourg business leaders on Tuesday at its Daejeon headquarters. The 20-member delegation from Business Federation Luxembourg toured an AI purification plant, digital twin control center and satellite flood forecasting network. Korea joined Horizon Europe as an associate member, with backing from the Luxembourg Embassy, allowing K-water…
Korea Zinc won Australian government approval on Wednesday for a $713.8 million battery storage and solar project through its Brisbane subsidiary Ark Energy. The Richmond Valley facility in New South Wales will store 2.2 gigawatt-hours using lithium-iron phosphate batteries capable of delivering 275 megawatts for 8 hours. Construction targets completion by late 2027 to power…
