Heejin Kim

Park Jong-chul, an 85-year-old in Seoul, recently decided it was time to move to a retirement home to secure the help he and his wife are starting to need. After viewing a presentation for VL Le West, a high-end apartment for seniors being developed by the conglomerate Lotte, he’s ready to sign up for one of the few remaining rooms.

The South Korean automaker’s rapid pivot to EVs involves a shift in its US manufacturing base.

Stellantis NV plans to operate a test fleet of electric vehicles powered with solid-state batteries in two years’ time, taking a step toward potential commercialization of a technology that’s aimed at improving EV performance.

Korea Zinc Co. reported a drop in third-quarter operating profit on Tuesday but stopped short of providing investors with a much-anticipated update on its planned $1.8 billion share sale, already under investigation by the country’s financial watchdog.

(Bloomberg) -- Korea Zinc Co. is still considering whether to press ahead with a disputed $1.8 billion share sale plan but will take into account the concerns raised by regulators and its own investors, the company said on Tuesday.

Korea Zinc Co. has scrapped a planned $1.8 billion share sale, nearly two weeks after its announcement prompted a selloff in the stock and triggered an investigation by the country’s financial watchdog.

Hyundai Motor Group plans to appoint Jose Munoz as chief executive officer, making him the first foreigner to lead the automaker as it seeks to grow outside its home country, the Korea Economic Daily reported.

Chinese President Xi Jinping said he doesn’t want to see geopolitical tensions on the Korean Peninsula and called for a peaceful solution, Yonhap News reported.

President Xi Jinping said China would prevent a conflict on the Korean Peninsula, a measured response to global leaders who have been pushing his country to play a bigger role in curbing tensions over North Korea’s cooperation with Russian military.

Lotte Group, the conglomerate involved in everything from candy making to operating shopping malls, plans to pledge the tallest building in South Korea as collateral to the banking sector to ease concerns over liquidity at its battery materials unit.