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Corporate investmentKorea Inc. cuts factory runs, capex on record inventory
Samsung Electronics Co. and other major South Korean companies have reduced their plant operations and capital expenditures as w...
Aug 18, 2022 (Gmt+09:00)
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Corporate restructuringHalla Group to change corporate name to HL Group
South Korea’s Halla Group is changing its corporate name to HL Group as the construction-to-auto parts conglomerate celebr...
Aug 18, 2022 (Gmt+09:00)
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Bio & PharmaKorea's SD Biosensor to supply diagnostics kits to Japan in H2
SD Biosensor Inc., South Korea’s leading in-vitro diagnostics company, has signed an agreement to supply its COVID-19 self...
Aug 18, 2022 (Gmt+09:00)
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Electric vehiclesSK, SK Energy acquire US energy solution provider Atom Power
SK Inc. and SK Energy announced they have jointly acquired North Carolina-based energy solution enterprise Atom Power Inc. for $...
Aug 18, 2022 (Gmt+09:00)
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Shipping & ShipbuildingDaewoo Shipbuilding loses $53 mn from Indonesia deal
South Korea’s major shipyard Daewoo Shipbuilding & Marine Engineering Co. (DSME) lost $53 million from a deal to build...
Aug 18, 2022 (Gmt+09:00)
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Mergers & AcquisitionsKakao ends talks with MBK to sell mobility app stake
South Korea's Kakao Corp. has terminated talks with MBK Partners to sell a stake in Kakao Mobility Corp., the country’s No...
Aug 18, 2022 (Gmt+09:00)
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SteelPOSCO gains huge dividend from Roy Hill mine in H1
When South Korea’s leading steelmaker POSCO Group acquired a 12.5% stake in Australia’s Roy Hill mine for 1.52 trill...
Aug 18, 2022 (Gmt+09:00)
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MachineryDaedong attracts investment from Kakao for smart mobility projects
Daedong Corp., South Korea’s leading tractor and farm machinery maker, has attracted 10 billion won ($7.6 million) from Ka...
Aug 18, 2022 (Gmt+09:00)
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AutomobilesHyundai Motor to redirect its TaaS, AI functions to self-driving arm 42dot
Hyundai Motor Group will redirect the core functions of its Transportation-as-a-Service (TaaS) division and AIRS Company to its ...
Aug 18, 2022 (Gmt+09:00)
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Corporate governanceActivist fund steps up pressure for SM Ent's governance reform
Align Partners Capital Management, a South Korean activist fund, has threatened legal action against entertainment behemoth SM E...
Aug 18, 2022 (Gmt+09:00)