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Companies

  • Bio & Pharma

    CGBio gets FDA approval for Novosis Putty

    South Korea's bio-regenerative medical firm CGBio announced on Tuesday that its Novosis Putty has been designated as a breakthrough device by the US...

    Jan 02, 2024 (Gmt+09:00)

    1 Min read

  • Energy

    KEPCO sells 15% stake in KEPCO E&C for $269 million

    Korea Electric Power Corp. (KEPCO), South Korea’s state-owned utility company grappling with mounting losses, has secured additional funds of ...

    Jan 02, 2024 (Gmt+09:00)

    2 Min read

  • Fashion

    Adidas Korea separates its marketing strategy from APAC

    Sportswear giant adidas AG started operating its South Korean affiliate as a separate market from the Asia-Pacific region on Jan. 2 to quickly respo...

    Jan 02, 2024 (Gmt+09:00)

    1 Min read

  • ESG

    LG Uplus introduces eco-friendly packaging materials

    South Korea's LG Uplus Corp. announced on Monday that it has introduced eco-friendly packaging materials for its network equipment to reduce carbon ...

    Jan 02, 2024 (Gmt+09:00)

    1 Min read

  • Aerospace & Defense

    KAI completes 1st batch of fighter jet exports to Poland

    Korea Aerospace Industries Ltd. (KAI), the country’s sole military aircraft manufacturer, completed its first batch of fighter jet exports to ...

    Jan 02, 2024 (Gmt+09:00)

    2 Min read

  • Shipping & Shipbuilding

    Samsung Heavy wins $1.5 bn order for FLNG

    South Korea's shipbuilder Samsung Heavy Industries announced on Tuesday that it has secured an order for one floating liquefied natural gas (FLNG) p...

    Jan 02, 2024 (Gmt+09:00)

    1 Min read

  • Electronics

    LG to double CES 2024 exhibition booth

    LG Electronics Inc. will double its dedicated exhibition booth for the LG Labs marketing platform at CES 2024, the world's largest IT and consumer e...

    Jan 02, 2024 (Gmt+09:00)

    1 Min read

  • Korean food

    CJ CheilJedang to boost K-Street Food exports

    Korean food giant CJ CheilJedang Corp. is seeing major success with its "K-Street Food" line, a selection of iconic Korean street snacks with global...

    Jan 02, 2024 (Gmt+09:00)

    1 Min read

  • Korean chipmakers

    Samsung eyes $8.8 billion 2024 chip profit: sources

    Samsung Electronics Co. seeks to rake in 11.5 trillion won ($8.8 billion) in operating profit from its semiconductor business this year, swiveling f...

    Jan 02, 2024 (Gmt+09:00)

    4 Min read

  • Automobiles

    IONIQ 5 named Car of the Year 2023 in Singapore

    Hyundai Motor Co.'s electric sport utility vehicle (SUV) IONIQ 5 has been selected as the Car of the Year 2023 in Singapore by the nation’s la...

    Jan 02, 2024 (Gmt+09:00)

    1 Min read

  • Korean innovators at CES 2024

    LG Display to unveil future mobility panels at CES

    LG Display Co., the world’s leading organic light-emitting diode (OLED) panel maker, will unveil its next-generation automotive display produc...

    Jan 02, 2024 (Gmt+09:00)

    1 Min read

  • Mergers & Acquisitions

    Celltrion to sell portfolio of Takeda drugs to CBC Group

    South Korea’s Celltrion Inc. will divest of a portfolio of Takeda Pharmaceutical's prescription medicines sold in Asia to CBC Group, a Singapo...

    Jan 01, 2024 (Gmt+09:00)

    3 Min read

  • Korean stock market

    Foreign net buying of Samsung Elec at record high in 2023

    Foreign investors turned net buyers of Samsung Electronics Co. in 2023, reversing their selling spree of the stock over past three years, as the sem...

    Jan 01, 2024 (Gmt+09:00)

    2 Min read

  • Korean chipmakers

    Samsung, SK Hynix join forces with foreign rivals to win AI chip war 

    South Korea’s two chip giants Samsung Electronics Co. and SK Hynix Inc. are expected to further deepen ties with rivals and customers from aro...

    Dec 31, 2023 (Gmt+09:00)

    4 Min read

  • Chemical Industry

    S.Korean refiners’ race for EV lubricants heats up

    South Korean major refiners are upping the ante to win the market for electric vehicle lubricants and liquid coolants for heat management amid the r...

    Dec 31, 2023 (Gmt+09:00)

    3 Min read

  • Future mobility

    42dot to lead Hyundai Group's in-vehicle software R&D

    Hyundai Motor Group’s self-driving technology arm 42dot Inc. will absorb the electronics, infotainment and autonomous driving technology divis...

    Dec 29, 2023 (Gmt+09:00)

    2 Min read

  • Food & Beverage

    CJ CheilJedang opens online B2B section

    South Korean food giant CJ CheilJedang Corp. introduced a business-to-business (B2B) section CJ The Market for Biz on its e-commerce website CJ The ...

    Dec 29, 2023 (Gmt+09:00)

    1 Min read

  • Economy

    S.Korea to allow hiring of foreign workers in hotels, resorts

    The South Korean government said on Friday that it would grant the hiring of foreign workers in hotels and resorts from next year.The hotel and reso...

    Dec 29, 2023 (Gmt+09:00)

    1 Min read

  • Future mobility

    Kakao Mobility posts sevenfold rise in overseas ride-hailing services

    Kakao Mobility Corp., which runs South Korea’s most popular ride-hailing app, saw its services in overseas markets grow sevenfold in the first...

    Dec 29, 2023 (Gmt+09:00)

    2 Min read

  • Aerospace & Defense

    Korea to domestically develop air-to-air missiles for KF-21

    South Korea plans to develop short-range, air-to-air missiles to be mounted on the Korean fighter KF-21 with homegrown technology by 2035 in a 591.9...

    Dec 29, 2023 (Gmt+09:00)

    1 Min read

  • Tech, Media & Telecom

    Naver Whalebook supply volume triples in 2023

    South Korea's Naver Cloud, the cloud computing arm of Naver Corp., announced on Friday that the distribution volume of Whalebook has tripled compa...

    Dec 29, 2023 (Gmt+09:00)

    1 Min read

  • Banking & Finance

    Korea's KDB establishes innovation fund for auto parts companies

    The state-run Korea Development Bank (KDB) announced on Friday that it has established the KDB-Quantum Mobility Value Chain Open Innovation Fund wor...

    Dec 29, 2023 (Gmt+09:00)

    1 Min read

  • Food & Beverage

    Ilhwa to export McCOL to South Africa

    South Korea’s Ilhwa Co. on Friday that its flagship barley carbonated beverage McCOL will be exported to the Republic of South Africa. Th...

    Dec 29, 2023 (Gmt+09:00)

    1 Min read

  • Construction & Planning

    Daewoo E&C opens theme park Ice Jungle in Phu Quoc

    South Korea's Daewoo Engineering & Construction Co. (Daewoo E&C) opened the digital theme park Ice Jungle in its ongoing luxury residential ...

    Dec 29, 2023 (Gmt+09:00)

    1 Min read

  • Electric vehicles

    LG gets UL certification for EV charger

    LG Electronics Inc. said on Friday that its electric vehicle (EV) charger has received certification from Underwriters Laboratories (UL), the US-b...

    Dec 29, 2023 (Gmt+09:00)

    1 Min read

  • Shareholder activism

    NPS chief questions fairness in POSCO’s CEO selection process

    POSCO Holdings Inc., the parent of South Korea’s largest steelmaker POSCO, has come under fire for its opaqueness in choosing a new leader a...

    Dec 29, 2023 (Gmt+09:00)

    3 Min read

  • Food & Beverage

    Shinsegae to close whisky business to focus on profits

    Shinsegae Inc., South Korea’s largest department store and supermarket company, will pull out of the whisky market, bucking the trend of the r...

    Dec 28, 2023 (Gmt+09:00)

    1 Min read

  • Electronics

    LG Electronics unveils 2024 QNED TV

    LG Electronics Inc. announced on Thursday that it will unveil the 2024 QNED TV (Quantum nano-emitting diode) equipped with the artificial intelligen...

    Dec 28, 2023 (Gmt+09:00)

    1 Min read

  • Automobiles

    Hyundai, Kia to revamp R&D organization

    Hyundai Motor Co. ’s and Kia Corp. are undergoing a comprehensive restructuring of their research and development (R&D) organizations. Thi...

    Dec 28, 2023 (Gmt+09:00)

    1 Min read