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Companies

  • Chemical Industry

    LG Chem, Saudi’s Alkhorayef join hands for seawater project

    LG Chem Ltd. on Wednesday signed an agreement with Saudi Arabia’s Alkhorayef Group to build a water treatment plant in the Middle Eastern natio...

    May 01, 2024 (Gmt+09:00)

    2 Min read

  • Corporate restructuring

    Taeyoung E&C kickstarts debt workout with loan sale to IGIS

    Creditors to Taeyoung Engineering & Construction Co. (Taeyoung E&C) gave the go-ahead to a debt workout program for the cash-strapped South K...

    May 01, 2024 (Gmt+09:00)

    2 Min read

  • Korean food

    CJ's Bibigo bolsters sports marketing with PGA tours sponsorship

    Scottie Scheffler, a top-ranked American professional golfer, gave a shoutout to food served by CJ CheilJedang Corp. during The CJ Cup golf tournamen...

    Apr 30, 2024 (Gmt+09:00)

    1 Min read

  • Earnings

    Overseas projects boost Korean builders’ earnings; GS profit cut in half

    Large-scale overseas construction projects boosted major Korean builders’ quarterly results while lackluster domestic construction work, couple...

    Apr 30, 2024 (Gmt+09:00)

    1 Min read

  • Real estate

    S.Korea’s project financing exposure reaches $145 bn

    South Korean financial services companies and construction firms are exposed to a combined 200 trillion won ($145 billion) worth of potential risks r...

    Apr 30, 2024 (Gmt+09:00)

    2 Min read

  • Aerospace & Defense

    Hanwha Systems to build Jeju Hanwha Space Center

    South Korea's Hanwha Systems Co. announced plans on Monday that it plans to establish the Jeju Hanwha Space Center in Jeju Special Self-Governing Pro...

    Apr 30, 2024 (Gmt+09:00)

    1 Min read

  • Earnings

    LG Chem displays bright outlook after loss in first quarter

    LG Chem Ltd., the parent of the world's second-largest battery maker LG Energy Solution Ltd., expects its business will improve in upcoming quarters ...

    Apr 30, 2024 (Gmt+09:00)

    3 Min read

  • Bio & Pharma

    JLK to supply medical AI solutions in Indonesia

    South Korea’s JLK Inc., an AI-based stroke care platform maker, announced on Tuesday that it signed a business agreement with medical consultin...

    Apr 30, 2024 (Gmt+09:00)

    1 Min read

  • Korean chipmakers

    Samsung shifts gears to focus on HBM, server memory chips

    South Korean tech giant Samsung Electronics Co. said on Tuesday it will adjust its memory chip product mix to increase the output of advanced memory ...

    Apr 30, 2024 (Gmt+09:00)

    3 Min read

  • Bio & Pharma

    NGeneBio to transfer NGS tech to UAE company

    South Korean medical diagnostic company NGeneBio Co. announced on Tuesday that it signed a contract with the United Arab Emirates (UAE)-based medical...

    Apr 30, 2024 (Gmt+09:00)

    1 Min read

  • Food & Beverage

    Ediya Coffee introduces Taiwan Pay

    South Korea's homegrown coffee chain Ediya Coffee announced on Tuesday that it introduced Taiwan's popular mobile payment platform Taiwan Pay (TWQR) ...

    Apr 30, 2024 (Gmt+09:00)

    1 Min read

  • Travel & Leisure

    S.Korea sees record-high foreign visitors after pandemic

    South Korea saw a record-high number of foreign tourists post-COVID-19 in the first quarter of 2024. The South Korean Ministry of Culture, Sports and...

    Apr 30, 2024 (Gmt+09:00)

    1 Min read

  • Artificial intelligence

    Vuno, Canon to target AI diagnostic market in Japan

    South Korea's medical device startup Vuno announced on Monday that its Japanese partner M3AI signed a memorandum of understanding (MOU) with Canon Me...

    Apr 30, 2024 (Gmt+09:00)

    1 Min read

  • Earnings

    Korean battery maker SK On expects business turnaround in H2

    SK On Co., the battery unit of South Korea’s top energy company SK Innovation Co., said on Monday it expects a business turnaround in the secon...

    Apr 29, 2024 (Gmt+09:00)

    4 Min read

  • Artificial intelligence

    Naver, SoftBank to discuss Japan JV’s ownership change

    South Korea’s top online portal Naver Corp. and Japan’s SoftBank Corp. will kick off talks this week, during which they are expected to d...

    Apr 29, 2024 (Gmt+09:00)

    3 Min read

  • Artificial intelligence

    S.Korea’s KT to innovate media, content businesses with AI

    South Korea’s telecom giant KT Corp. is set to innovate its media and content businesses with artificial intelligence as it seeks new growth dr...

    Apr 29, 2024 (Gmt+09:00)

    2 Min read

  • Chemical Industry

    LG Chem to supply switchable glass films to Webasto

    LG Chem Ltd. is venturing into the automotive smart glass film market as it has won an order to supply its switchable glazing films to German auto pa...

    Apr 29, 2024 (Gmt+09:00)

    2 Min read

  • Corporate investment

    Etech System attracts $130 mn investment

    South Korea's integrated IT solution consulting company Etech System attracted an investment of 180 billion won ($130 million) from private equity fi...

    Apr 29, 2024 (Gmt+09:00)

    1 Min read

  • Steel

    POSCO DX builds logstics system for fulfillment center

    POSCO DX Co., the IT services subsidiary of South Korean steelmaker POSCO Holdings Inc., announced on Monday that it established the first fulfillmen...

    Apr 29, 2024 (Gmt+09:00)

    1 Min read

  • Corporate governance

    Hanwha Vision joins UNGC

    South Korea's Hanwha Vision Co. announced on Monday that it joined the United Nations Global Compact (UNGC), an international initiative for corporat...

    Apr 29, 2024 (Gmt+09:00)

    1 Min read

  • Electronics

    Samsung holds Odyssey event with T1 in Chengdu

    Samsung Electronics Co. announced on Monday that it held an Odyssey gaming monitor experience event with the T1, the top-tier League of Legends team,...

    Apr 29, 2024 (Gmt+09:00)

    1 Min read

  • Electric vehicles

    Kakao joins hands with LG Uplus to enter EV charger market

    Kakao Mobility Corp., South Korea’s largest taxi-hailing platform, is set to make inroads into the electric vehicle charging market by setting ...

    Apr 29, 2024 (Gmt+09:00)

    1 Min read

  • Bio & Pharma

    Korean botox sales gain momentum in US, China

    South Korea is ramping up exports of botulinum toxin to the US and China, the world’s two top consumers of the neurotoxin protein, with its pri...

    Apr 29, 2024 (Gmt+09:00)

    2 Min read

  • Energy

    Malaysia, OCI’s base set to beat Chinese polysilicon rivals

    SARAWAK, Malaysia – OCI Group, South Korea’s leading chemical and green energy conglomerate, is expanding its polysilicon facility in Mal...

    Apr 29, 2024 (Gmt+09:00)

    3 Min read

  • Retail

    Shinsegae faces off with Affinity, BRV over SSG.COM

    Shinsegae Group could face a legal battle against two private equity firms that are demanding it buy back their combined 1 trillion won ($727 million...

    Apr 29, 2024 (Gmt+09:00)

    4 Min read

  • Food & Beverage

    Tous les Jours to open five stores in Cambodia

    Tous les Jours, the bakery brand under South Korea's CJ Foodville, announced on Monday that CJ Foodville signed a master franchise (MF) agreement wit...

    Apr 29, 2024 (Gmt+09:00)

    1 Min read

  • Shipping & Shipbuilding

    Lotte Global Logistics partners with CMA CGM

    South Korea's Lotte Global Logistics announced on Monday that it partnered with the France-based world's third-largest shipping company CMA CGM. The ...

    Apr 29, 2024 (Gmt+09:00)

    1 Min read

  • Korean chipmakers

    Samsung's Jay Y. Lee visits Zeiss to reinforce EUV ties

    Samsung Electronics Co. is deepening ties with Zeiss Group, the sole provider of optical systems to the world’s only extreme ultraviolet (EUV) ...

    Apr 28, 2024 (Gmt+09:00)

    4 Min read

  • IPOs

    HD Hyundai Marine IPO sees strong demand from retail investors

    South Korea’s HD Hyundai Marine Solution Co. has attracted billions of dollars from retail investors in subscription deposits for the ship main...

    Apr 26, 2024 (Gmt+09:00)

    2 Min read