Heekyong Yang
Korea Zinc attempts to fend off takeover with $1.5 billion share buyback
Korea Zinc secures 9.85 per cent in $1.5B buyback to counter investor Young Poong's stake; battle for control drives shares to record highs.
Battery maker LGES offers measured 2025 outlook after slow EV demand drags down Q3 profit
The company also expects the result of the U.S. election next week to have a significant impact on EV market direction, its CFO...
Samsung Electronics says it is not interested in spinning off foundry business
Samsung Electronics has no plans to spin off its contract chip manufacturing or logic chip design businesses, despite significant losses.
Private equity firm MBK, Young Poong raise Korea Zinc tender offer to $1.88 billion
MBK and Young Poong raise bid to 830,000 won per share in takeover battle for Korea Zinc, crucial for EV and tech supply...
Hyundai targets 30% rise in sales by 2030, as it doubles hybrid lineups
As demand for EVs slows down, Hyundai's hybrid lineup will double to 14 models in shift to sales targets.
Samsung SDI finalizes deal with GM to build $3.5 billion joint EV battery factory in US
The South Korean battery maker said the joint plant aims for mass production in 2027 and annual capacity is expected to rise to...
Explainer: South Korean alarm over EV fires puts spotlight on safety concerns
As South Korea calls on car manufacturers to disclose battery supplies, EV fire safety statistics suggest the problem is not rampant.
South Korea holds emergency meeting as EV fires stir consumer fear
South Korean officials met Monday to discuss EV safety amid growing consumer concern after an EV fire in and underground garage
South Korea to hold emergency meeting after EV fires raise concerns
Manufacturers may have to disclose brands whose products involved in EV battery fires as Korean officials discuss how to prevent incidents.
LGES cuts sales target on weak EV demand, flags US election risk
Shares in the company, which supplies Tesla, GM, Hyundai Motor and other automakers, fell as much as 2.6%.
