Companies
Retail
Korea’s Gmarket poised to post 1st profit since Shinsegae’s takeover
Jan 02, 2024 (Gmt+09:00)
-
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
Latest News
- 1 US auto parts tariffs into force; Korea avoids heavy hit
- 2 NCSOFT invests in US game startup emptyvessel
- 3 Maybe Happy Ending: How a Seoul-made robot love story rewrote Broadway playbook
- 4 NPS yet to schedule external manager selection; PE firms’ fundraising woes deepen
- 5 Woori Financial wins approval for Tongyang, ABL Life acquisition