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EarningsHyundai Heavy's KSOE posts $1.1 bn loss in 2021
Korea Shipbuilding & Offshore Engineering Co. (KSOE), under Hyundai Heavy Industries Group, on Monday reported a bigger-than...
Feb 07, 2022 (Gmt+09:00)
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Pension fundsKorea Post to invest in overseas data centers and warehouses
Korea Post will increase its alternative investment from 13.6 trillion won ($11.3 billion) at the end-2021 to 16.7 trillion won ...
Feb 07, 2022 (Gmt+09:00)
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BatteriesLG Energy to spend $1.7 bn to hike Michigan battery capacity fivefold
The world’s second-largest electric vehicle battery maker LG Energy Solution Ltd. is spending $1.7 billion to expand its b...
Feb 07, 2022 (Gmt+09:00)
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Insider tradingEcoPro BM execs may step down on alleged insider trading
EcoPro BM Co., South Korea’s leading battery material producer, is considering resignations of its key executives, includi...
Feb 07, 2022 (Gmt+09:00)
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EnergyS.Korea urged to embrace nuclear power to go carbon free
The topic of RE100, a multinational campaign to make a full switch to renewable energy by 2050, was brought up last week during ...
Feb 07, 2022 (Gmt+09:00)
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BatteriesLotte Chemical to invest $502 mn in eco-friendly materials plants in Korea
South Korea’s Lotte Chemical Corp. is set to spend 602 billion won ($501.5 million) in building eco-friendly materials pla...
Feb 07, 2022 (Gmt+09:00)
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Venture capitalShopping platform Queenit receives $43 mn funding from VC juggernauts
Online shopping platform Queenit recently received 36 billion won ($30 million) from Kakao Ventures Corp., SoftBank Ventures K...
Feb 07, 2022 (Gmt+09:00)
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Alternative investmentsMastern buys Pangyo office landmarks for $834 mn
Mastern Investment Management Co., a Seoul-based real estate investment firm, has acquired Alpharium Tower I and II in Pangyo ...
Feb 07, 2022 (Gmt+09:00)
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Banking & FinanceMoney flows rush to safer assets in Korea
South Koreans are continuing their rush to safer assets with the balance of bank deposits, money market funds (MMFs) and cash ma...
Feb 07, 2022 (Gmt+09:00)
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EntertainmentKakao to launch webtoon service Piccoma in France
Kakao Corp. announced Sunday that it plans to launch the European version of its webtoon subscription service in either April ...
Feb 07, 2022 (Gmt+09:00)
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Electric vehiclesHyundai to debut IONIQ 6 in July to rival Tesla Model 3
Hyundai Motor Co. will unveil the much-anticipated IONIQ 6, its first all-electric sedan on an exclusive EV platform, in July, t...
Feb 07, 2022 (Gmt+09:00)
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Korean stock marketSeoul launches investment promotion agency for FDI expansion
The city of Seoul launched Invest Seoul on Feb. 7, an investment promotion agency (IPA) to attract foreign investment and overse...
Feb 07, 2022 (Gmt+09:00)