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SteelPOSCO gears up for big stride as green materials firm with Hyper NO
South Korea’s steel pioneer POSCO under POSCO Holdings Inc. is preparing to take another big stride as an eco-friendly mat...
Jul 06, 2023 (Gmt+09:00)
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EconomySamsung Electronics creates $216 bn social wealth in 2022
Samsung Electronics Co. created 281.4 trillion won ($216 billion) worth of social wealth in 2022, meaning it distributed that am...
Jul 06, 2023 (Gmt+09:00)
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Banking & FinanceKB Financial pursues glocalization in Southeast Asia
KB Financial Group Chairman and Chief Executive Yoon Jong-kyoo brought up “glocalization” as a key strategy for its ...
Jul 06, 2023 (Gmt+09:00)
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Debt financingHyundai-LG’s Indonesia battery financing chosen as Asia deal of 2022
The $711 million financing organized by Hyundai Motor Co. and LG Energy Solution Ltd. last year for their battery joint venture ...
Jul 06, 2023 (Gmt+09:00)
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ElectronicsLG Electronics sets up 1st global R&D center in Indonesia
South Korean home appliance giant LG Electronics Inc. opened its first overseas research and development center in Indonesia on ...
Jul 06, 2023 (Gmt+09:00)
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Korean stock marketGS E&C loses $230 mn market capitalization in one day
GS Engineering & Construction Co.'s stock price plummeted on Thursday in the aftermath of the underground parking lot collap...
Jul 06, 2023 (Gmt+09:00)
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RegulationsSGC Group slapped with over $7.7 mn fine for unfair internal trade
The Fair Trade Commission (FTC) has imposed a fine of more than 10 billion won ($7.7 million) on SGC Group companies for unfair ...
Jul 06, 2023 (Gmt+09:00)
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Advertising & MarketingLG Electronics collaborates with German Playmobil for figurines
LG Electronics Inc. unveiled its collaboration with the famous German toy brand Playmobil on Thursday, creating home appliance f...
Jul 06, 2023 (Gmt+09:00)
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AutomobilesKumho Tire signs official sponsorship deal with AC Milan
South Korea's Kumho Tire Co. has signed a sponsorship agreement as the official tire partner with the prestigious Italian footba...
Jul 06, 2023 (Gmt+09:00)
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Content platformsS.Korea’s contents export size surpasses home appliances, textiles
South Korea's contents export size recorded $13.3 billion last year, surpassing the export values of home appliances ($8 billion...
Jul 06, 2023 (Gmt+09:00)
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Artificial intelligenceKakao Entertainment launches AI brand Helix
South Korea's Kakao Entertainment on Thursday launched the artificial intelligence (AI) brand Helix, with its first service Heli...
Jul 06, 2023 (Gmt+09:00)
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Real estateSingapore's CDL buys Nine Tree hotel in Seoul for $107 mn
Singapore-based major real estate firm City Developments Ltd. (CDL) has bought Nine Tree Premier Hotel Myeongdong II from South ...
Jul 06, 2023 (Gmt+09:00)
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Aerospace & DefenseHyundai Wia completes flying drone interception test
Hyundai Wia Corp., an auto parts and defense unit of Hyundai Motor Group, announced on Thursday that the first shooting trial of...
Jul 06, 2023 (Gmt+09:00)
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Shipping & ShipbuildingHanwha Ocean mulls large investments in warship facilities
Hanwha Ocean Co., the world’s fourth-largest shipbuilder, is considering large investments in new facilities to manufactur...
Jul 06, 2023 (Gmt+09:00)
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RetailS.Korea's E-mart24 opens 3rd branch in Singapore
South Korea’s convenience store chain E-mart24 has opened its third store in Singapore featuring the city-state's hawker c...
Jul 06, 2023 (Gmt+09:00)
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Korean startupsNaver D2SF invests in AI data generation startup
South Korea's top online platform Naver Corp. has invested in a startup with an artificial intelligence-generation solution that...
Jul 06, 2023 (Gmt+09:00)
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Shipping & ShipbuildingSamsung Heavy Industries succeeds autonomous vessel navigation
South Korean shipbuilder Samsung Heavy Industries said on Thursday it had successfully demonstrated autonomous vessel navigation...
Jul 06, 2023 (Gmt+09:00)
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BatteriesDeal reached on LG-Stellantis battery plant subsidy; construction resumes
All construction work at a battery joint venture in Canada between South Korea’s LG Energy Solution Ltd. and multinational...
Jul 06, 2023 (Gmt+09:00)
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Bio & PharmaSCM Lifescience kicks off anti-hair loss product exports to SE Asia
South Korea’s stem cell tech company SCM Lifescience on Wednesday said it has started full-scale exports to Southeast Asia...
Jul 06, 2023 (Gmt+09:00)
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ESGHyundai Glovis to support removal of marine debris
South Korea's leading logistics company Hyundai Glovis Co. announced on Thursday that it has joined forces with The Ocean Cleanu...
Jul 06, 2023 (Gmt+09:00)