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LG Chem breaks ground on 4th carbon nanotube plant in S. Korea

SEOUL, May 31 (Yonhap) -- LG Chem Ltd. said Wednesday it broke ground for its fourth carbon nanotube (CNT) plant in South Korea, to more than double output of the key industrial material in the next few years. The CNT 4 plant, to be located in LG Che
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LG Electronics partners with Canadian startup to develop AI chips

SEOUL, May 31 (Yonhap) -- LG Electronics Inc. and Canadian AI computing startup Tenstorrent said Wednesday they are working together to develop next-generation chips that could potentially power the South Korean tech company's smart consumer appl
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(LEAD) Industrial output dips most in over 1 yr in April; inventories at record high

(ATTN: RECASTS headline, lead; UPDATES with details throughout; ADDS photo)By Kang Yoon-seungSEJONG, May 31 (Yonhap) -- South Korea's industrial output dropped by the most in over a year in April due to an extended slump in the chipmaking sector,
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Industrial output down 1.4 pct in April

SEJONG, May 31 (Yonhap) -- South Korea's industrial output moved down 1.4 percent on-month in April, data showed Wednesday, with retail sales also falling 2.3 percent amid economic uncertainties.The latest decline in the industrial output followe
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(URGENT) Industrial output down 1.4 pct in April; retail sales fall 2.3 pct

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Komico to raise 20 bln won via stock offering

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SEOUL, MAY 31 (Yonhap) -- Komico Ltd.on Wednesday announced that it will sell stock to raise 20 billion won The proceeds from the stock sale will be used mainly to finance stock acquisition.According to a regulatory filing, the company will issue 440
Top headlines in major S. Korean newspapers

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SEOUL, May 31 (Yonhap) -- The following are the top in major South Korean newspapers on May 31.Korean-language dailies-- Yoon gov't blatantly unveils intentions to take over broadcasts after axing chief communications regulator (Kyunghyang Shinm
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Foreign ownership of S. Korean land rises 1.8 pct in 2022

SEOUL, May 31 (Yonhap) -- Foreign ownership of South Korean land rose 1.8 percent in 2022 from a year earlier, the land ministry said Wednesday.Foreigners owned 264.01 square kilometers -- slightly more than four times the size of Manhattan -- at the
PCL. Inc to raise 36 bln won via stock offering

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SEOUL, MAY 30 (Yonhap) -- PCL. Incon Tuesday announced that it will sell stock to raise 36 billion won(US$27.2 million). The proceeds from the stock sale will be used mainly to finance its operations.According to a regulatory filing, the company will
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S. Korea's tax revenue to stay sluggish for time being: Choo

By Kang Yoon-seungSEOUL, May 30 (Yonhap) -- South Korea's tax revenue is expected to remain sluggish for the time being due to weak corporate performances and a slump in the property market, the finance minister said Tuesday.The remark came as So
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Kia aims to sell 93,000 EVs in Europe this year

SEOUL, May 30 (Yonhap) -- Kia Corp., South Korea's second-biggest carmaker, said Tuesday it aims to sell 93,000 all-electric vehicles (EVs) in Europe in 2023 by launching the flagship EV9 SUV later this year. The EV target figure accounts for 16
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HD Korea Shipbuilding bags 127 bln-won order for 2 product carriers

SEOUL, May 30 (Yonhap) -- HD Korea Shipbuilding & Offshore Engineering Co. said Tuesday it has won a 127 billion-won (US$95.9 million) order to build two product carriers for a Canadian shipper.Hyundai Mipo Dockyard Co., one of HD Korea Shipbuilding
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Samsung Bioepis' hematology biosimilar wins marketing approval in Europe

SEOUL, May 30 (Yonhap) -- Samsung Bioepis Co., a biosimilar medicine producer under Samsung Group, said Tuesday its hematology biosimilar has won marketing approval from Europe's medicine authorities.The European Commission (EC) granted marketing
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SME biz sentiment for June swings to downturn on weaker economy

SEOUL, May 30 (Yonhap) -- South Korean smaller firms' business outlook switched to a downturn for June on the country's slowing economy, a poll showed Tuesday.The survey of 3,058 small and medium-sized enterprises (SMEs) showed the small busi
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(LEAD) SKC, POSCO partner up to develop next-generation battery materials

(ATTN: CHANGES photo)By Kim Seung-yeon SEOUL, May 30 (Yonhap) -- SKC Co., an advanced materials maker under South Korea's SK Group, said Tuesday it is joining hands with steel giant POSCO Holdings Inc. to develop next-generation secondary battery
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S. Korea's antitrust regulator approves Microsoft's takeover of Blizzard

By Kang Yoon-seungSEOUL, May 30 (Yonhap) -- South Korea's antitrust regulator said Tuesday it has decided to approve Microsoft Corp.'s takeover of Activision Blizzard Inc. as the deal is unlikely to hinder competition in the Korean gaming mar
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Hanwha Aerospace invests in U.S. battery coating startup

SEOUL, May 30 (Yonhap) -- Hanwha Aerospace Co. said Tuesday it is joining a US$50 million fund for a U.S. materials science company that owns a unique nano-coating technology for secondary batteries and energy storage systems for use in mobility vehi
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SKC, POSCO partner up to develop next-generation battery materials

By Kim Seung-yeon SEOUL, May 30 (Yonhap) -- SKC Co., an advanced materials maker under South Korea's SK Group, said Tuesday it is joining hands with steel giant POSCO Holdings Inc. to develop next-generation secondary battery components as part o
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Retail sales up 4 pct in April on outdoor activities, shopping events

SEOUL, May 30 (Yonhap) -- Retail sales in South Korea rose 4 percent on-year in April on the back of people's growing outdoor activities and various promotional events by major discount stores, the industry ministry said Tuesday.The combined sale
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S. Korea to lower tariffs on major agricultural imports amid inflation

By Kang Yoon-seungSEOUL, May 30 (Yonhap) -- South Korea's finance ministry said Tuesday it has decided to apply tariff-rate quotas on eight major foodstuff imports to ease households' burden amid rising consumer prices.Under the plan passed a