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AirlinesMBK drops out of Air Premia’s Asiana cargo unit takeover bid
Asian private equity firm MBK Partners has dropped out of a plan to back 300 billion won ($217.9 million) for South Korean budge...
Jun 12, 2024 (Gmt+09:00)
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Future mobilityRideFlux wins temporary Level 4 self-driving permit
RideFlux Inc., a South Korean autonomous driving technology startup, has received a temporary permit to operate a driverless car...
Jun 12, 2024 (Gmt+09:00)
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Banking & FinanceShinhan Card, Canada's Alberta to co-work for tourism
South Korea's Shinhan Card Co. announced on Wednesday that it signed a strategic business agreement with the provincial gove...
Jun 12, 2024 (Gmt+09:00)
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Electric vehiclesSK, Geely join forces for EV battery, component production
SK Inc., the holding company of South Korea’s No. 2 conglomerate SK Group, will join forces with Chinese auto giant Zhejia...
Jun 12, 2024 (Gmt+09:00)
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Mergers & AcquisitionsDoosan Bobcat to buy ex-sibling Mottrol for $178.6 million
Doosan Bobcat Inc., a major compact construction machinery and equipment maker under South Korean conglomerate Doosan Group, wil...
Jun 12, 2024 (Gmt+09:00)
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Banking & FinanceKB Securities sees wealth management assets surpass $43.6 bn
South Korea's KB Securities announced on Wednesday that its wealth management assets surpassed 60 trillion won ($43.6 billion) t...
Jun 12, 2024 (Gmt+09:00)
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EnergyKEPCO, EVN to promote new power business in Vietnam
Korea Electric Power Corp. (KEPCO), the South Korean state-run utility company, and Vietnam Electricity (EVN) have agreed to col...
Jun 12, 2024 (Gmt+09:00)
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Mergers & AcquisitionsRebellions-Sapeon Korea merger to challenge Nvidia’s AI chip dominance
Rebellions Inc., a South Korean artificial intelligence chip design startup, is merging with its crosstown rival Sapeon Korea In...
Jun 12, 2024 (Gmt+09:00)
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Rights offeringsDim outlook for Korean biotech firms’ rights offerings
South Korea’s bio and tech-heavy Kosdaq-listed Shaperon Inc. raised 12.7 billion won ($9.2 million) from its latest rights...
Jun 12, 2024 (Gmt+09:00)
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Banking & FinanceKookmin to revive Indonesian banking arm through digitalization
KB Bukopin, the Indonesian banking arm of South Korea’s Koomin Bank, extended its losing streak through the first quarter ...
Jun 12, 2024 (Gmt+09:00)
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Tech, Media & TelecomLG Innotek begins supplying AI chip substrates to Big Tech
LG Innotek Co., a leading South Korean electronics parts maker, is for the first time supplying high-performance chip substrates...
Jun 12, 2024 (Gmt+09:00)
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EnergyHyundai E&C, KAERI partner to commercialize next-gen reactors
Hyundai Engineering & Construction Co. (Hyundai E&C) announced on Wednesday that it signed a public-private partnership ...
Jun 12, 2024 (Gmt+09:00)
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Electric vehiclesPOSCO Int'l breaks ground on traction motor core plant in Poland
South Korea's POSCO International Corp., broke ground on the new electric vehicle (EV) traction motor core plant in Brzeg, Opole...
Jun 12, 2024 (Gmt+09:00)
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Electric vehiclesHyundai Transys to export EV drive systems to CEER
Hyundai Transys Inc., an auto parts affiliate of Hyundai Motor Group, announced on Wednesday that it signed a contract to supply...
Jun 12, 2024 (Gmt+09:00)