South Korea's antitrust regulator said Tuesday it has opened a preliminary review of Uber Technologies' planned acquisition of Delivery Hero, in a deal that would hand the ride-hailing giant control of Korea's leading food delivery app, Baemin. According to the Korea Fair Trade Commission, Uber requested the voluntary review ahead of its formal merger filing to gauge whether the deal risks violating antitrust law before finalizing it. Uber plans to complete its tender offer in November and final

South Korean shares extended their winning streak to a third session on Tuesday as investors scooped up major semiconductor stocks, tracking an overnight rally on Wall Street amid renewed optimism over artificial intelligence. The benchmark Korea Composite Stock Price Index gained 10.19 points, or 0.15 percent, at 7,017.91, after rising as high as 7,171.44. After opening more than 2 percent higher, the KOSPI pared its earlier gains as individual and institutional investors sold tech heavyweights

Daewoo Engineering & Construction is expanding its global energy business across nuclear power, liquefied natural gas and infrastructure projects, building on five decades of overseas operations, the company said Tuesday. The builder is targeting opportunities across Europe, the Middle East and emerging Asian markets as it broadens its portfolio beyond conventional construction into energy and technology-linked infrastructure. Chairman Jung Won-ju met Hanoi Mayor Vu Dai Thang in Seoul on Sept. 8

Hanwha Defense USA, the US subsidiary of Hanwha Aerospace, held an opening ceremony for its local office Tuesday at Pine Bluff Arsenal in Arkansas, marking the first step toward developing the ammunition production hub. The event was attended by Arkansas Gov. Sarah Huckabee Sanders, Jordan Gillis, assistant secretary of the US Army for installations, energy and environment, Arkansas Commerce Secretary Hugh McDonald, and other federal, state and local officials. Hanwha Defense USA was selected in

HD Construction Equipment and Manitou Group signed a mutual sales partnership agreement for compact construction equipment on Monday at Manitou Group’s headquarters in Ancenis, France. The partnership is expected to strengthen their presence in the global compact construction equipment market. The signing ceremony was attended by Moon Jae-young, president of HD Construction Equipment, Sylvain Blaise, president of Manitou Group, and other key officials from both companies. Manitou Group supplies

China's biggest display makers are flexing their pricing power, seeking higher payments for large LCD panels just as Samsung Electronics and LG Electronics are set to ramp up production for the year-end shopping season. BOE Technology recently told customers it would apply revised prices from the fourth quarter, according to industry sources Tuesday. In a notice, the Chinese display giant cited higher procurement and supply costs caused by fluctuations in raw-material prices and shifts in global

China’s ChangXin Memory Technologies has begun mass production of its fifth-generation DRAM platform, strengthening its position in a market dominated by Samsung Electronics, SK hynix and Micron, while separately preparing a research line for a possible move into NAND flash. CXMT said Sunday that its G5 platform had entered mass production, along with two 24-gigabit LPDDR5X products for smartphones and other portable devices. DRAM is the working memory processors use to handle data in real time,

The Incheon Innovation Cluster has expanded its global branch network to 11 hubs through agreements with institutions in Egypt, Kyrgyzstan, Tanzania, and Kazakhstan. The new agreements seek to meet local industrial project needs through research and development. The IIC, directed by Professor Lee Hee-kwan of Incheon National University, signed memorandums of understanding with four institutions: Capital University in Egypt, the Climate Finance Center in Kyrgyzstan, the Tanzania Commission for Sc

Korea Zinc’s $7.4 billion “Project Crucible” has passed a key US environmental review, accelerating its plans for an integrated critical minerals smelter in Tennessee. The company said Monday that the US Defense Department completed its Final Environmental Assessment under the National Environmental Policy Act. The department officially concluded that the project’s construction and operations will not significantly alter the surrounding environment. The evaluation examined air quality, greenhous

SEJONG — South Korea’s antitrust chief on Monday defended the country’s platform regulations, saying the Fair Trade Commission would continue enforcing competition rules on domestic and foreign companies amid growing scrutiny of global tech firms. FTC Chairman Ju Biung-ghi said the agency would maintain its enforcement approach based on legal principles, as high-profile cases involving Coupang and the proposed Naver-Dunamu combination put Korea’s digital market regulations under the spotlight. “

Samsung Electronics broke ground Monday on a new FlaktGroup heating, ventilation and air-conditioning plant in Gwangju, expanding its capacity to supply cooling systems for artificial intelligence data centers and advanced manufacturing facilities. Samsung will invest about 240 billion won ($179 million) in the 21,800-square-meter production line at the third campus of its Gwangju manufacturing complex. Full-scale operations are scheduled to begin in early 2028. Samsung acquired German HVAC spec

Welcron, the parent company of Welcron Group, has launched an official website for its defense division to showcase its products and technologies and strengthen overseas marketing. The site catalogs defense products based on Welcron’s composite materials technology, covering personal protection as well as systems for vehicles and vessels. Personal protection offerings include a lightweight ballistic plate that passed the Ministry of National Defense’s evaluation for outstanding commercial produc

Musinsa is going up against CJ Olive Young in beauty as it makes its case to investors that the company is worth as much as 10 trillion won ($7.2 billion). The harder sell is to prove that its nonfashion ventures can deliver profits to match. The fashion platform filed its listing application Sept. 7, with market insiders floating a valuation well above the 5.5 trillion won implied by unlisted-market trading that day and the 3.5 trillion won valuation it secured in a 2023 funding round. Beauty i

Hana Bank issued a $100 million digital bond through Euroclear's blockchain platform, completing the transaction on the same day in a first for Korea's foreign currency bond market. The five-year bond was issued Friday using Euroclear's Digital Financial Market Infrastructure, or D-FMI, which processes the issuance, registration and settlement of securities on a distributed ledger, the bank said Monday. The offering achieved T+0 settlement, with bond allocations and payments completed on the iss

HanmiGlobal is overseeing construction of SK hynix's advanced chip packaging plant in Indiana, the project management firm said Monday, as Korean tech firms lean more heavily on specialized managers for their US expansions. The facility in West Lafayette, Indiana, will be SK hynix's first US production base for advanced packaging for high bandwidth memory chips. Site excavation began in March, with clean room completion targeted for October 2028. HanmiGlobal joined the project in August 2024 dur