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Fraud scandalsDoosan Enerbility faces record $15 mn in fines for improper bookkeeping
South Korea's major power plant builder Doosan Enerbility Co. faces a record-breaking fine to the tune of about 20 billion won (...
Feb 07, 2024 (Gmt+09:00)
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EarningsEcoPro’s 2023 profit halves on softer EV demand, materials prices
South Korea’s major battery materials company EcoPro Co. saw last year’s operating profit halved from the previous y...
Feb 07, 2024 (Gmt+09:00)
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Corporate governanceHanwha Group extends RSU to all affiliates
South Korea’s Hanwha Group announced on Wednesday that it will extend the restricted stock unit (RSU) to its all affilia...
Feb 07, 2024 (Gmt+09:00)
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Korean startupsKorea’s telemedicine startups seek growth abroad
South Korea’s telemedicine startups are seeking growth opportunities abroad in the face of regulations such as drug delive...
Feb 07, 2024 (Gmt+09:00)
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Corporate investmentWarren Buffett’s IMC to invest $98 million in Daegu for chip materials plant
DAEGU – The IMC Group, owned by Warrant Buffett’s Berkshire Hathaway Inc., will invest 130 billion won ($98 million)...
Feb 07, 2024 (Gmt+09:00)
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Bio & PharmaSamsung Biologics signs ADC CDO deal with LegoChem Bio
Samsung Biologics Co. has agreed with South Korean biotech company LegoChem Biosciences Inc. to provide contract development org...
Feb 07, 2024 (Gmt+09:00)
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Bio & PharmaCelltrion to supply Remsima SC, Yuflyma to Norway
South Korea's Celltrion Inc. announced on Wednesday that it will supply its autoimmune disease treatments Remsima SC (inflixim...
Feb 07, 2024 (Gmt+09:00)
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Tech, Media & TelecomOne Store attracts $50 mn investment from Digital Turbine
South Korean homegrown app store One Store Co. has attracted a $50 million investment from the Nasdaq-listed US-based mobile p...
Feb 07, 2024 (Gmt+09:00)
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RetailLotte to sell 7-Eleven’s ATM unit in Korea for around $38 mn
Lotte Group is set to sell the automated teller machine (ATM) business of Korea Seven Co., the operator of convenience store cha...
Feb 07, 2024 (Gmt+09:00)
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Beauty & CosmeticsCosmax targets Southeast Asia's halal perfume market
Cosmax Inc., South Korea's largest cosmetics manufacturer in original design manufacturing (ODM), announced on Wednesday that it...
Feb 07, 2024 (Gmt+09:00)
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ElectronicsLG Elec named best top-load washer in US
LG Electronics Inc. 's washing machines have been selected as the Best High-Efficiency Top-Load Washers by Consumer Reports in...
Feb 07, 2024 (Gmt+09:00)
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Aerospace & DefenseLIG Nex1 inks $3.2 bn missile defense deal with Saudi Arabia
South Korea's major defense system developer LIG Nex1 Co. has clinched a $3.2 billion deal to export its latest missile intercep...
Feb 07, 2024 (Gmt+09:00)
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Mergers & AcquisitionsHarim gives up HMM deal over management rights dispute
South Korea's leading poultry processor Harim Co. has walked away from a $5 billion deal to buy HMM Co., South Korea’s No....
Feb 07, 2024 (Gmt+09:00)
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Shipping & ShipbuildingSamsung Heavy wins $3.45 bn order for 15 LNG carriers
South Korea’s shipbuilder Samsung Heavy Industries Co. announced on Wednesday that it has won a $3.45 billion order for ...
Feb 07, 2024 (Gmt+09:00)
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EconomySouth Korea’s Exports Get off to Strong Start in 2024
South Korea’s exports got off to a strong start this year, with shipment growth accelerating in January amid solid deman...
Feb 07, 2024 (Gmt+09:00)