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COVID-19SK Bioscience eyes $900 mn annual sales from vaccine business
South Korea’s SK Bioscience Co. is looking to post 1 trillion won ($900 million) in annual revenue from its vaccine busine...
Feb 23, 2021 (Gmt+09:00)
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EarningsBTS label logs all-time high earnings in Q4 2020
Big Hit Entertainment Co., the label behind global sensation BTS, reported all-time high earnings for last year's fourth quarter...
Feb 23, 2021 (Gmt+09:00)
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Electric vehiclesHyundai Motor debuts all-electric IONIQ5 as EV battle rages on
Hyundai Motor Co. on Tuesday debuted a new, all-electric IONIQ5, the first model under its standalone electric vehicle sub-brand...
Feb 23, 2021 (Gmt+09:00)
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Pre-IPOsKKR signs $580 mn share purchase of Hyundai Heavy’s A/S arm
KKR & Co. signed a definitive agreement on Tuesday to buy a stake in Hyundai Global Service Co. from Hyundai Heavy Industrie...
Feb 23, 2021 (Gmt+09:00)
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Korean foodOrion boosts presence in India's $15 bn confectionery market
South Korea-based confectionery Orion Corp. has set up a plant in India, the second-most populous country in the world, to respo...
Feb 23, 2021 (Gmt+09:00)
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Alternative investmentsYellow Umbrella Mutual to deploy $135 mn to blind pool funds in 2021
South Korea's Yellow Umbrella Mutual Aid Fund will commit about 120 billion to 150 billion won ($108 million-$135 million) to bl...
Feb 23, 2021 (Gmt+09:00)
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Hydrogen economyHyundai Motor, POSCO steelmaking tie-up to develop hydrogen tech
South Korea’s Hyundai Motor Co. and steel giant POSCO have agreed to jointly develop technology that uses hydrogen instead...
Feb 23, 2021 (Gmt+09:00)
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Joint VenturesSK Group to sell stake in petrochemical arm; seeks global partnership
South Korea’s third-largest conglomerate SK Group is eyeing a joint venture with a global petrochemical firm as part of th...
Feb 23, 2021 (Gmt+09:00)
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Alternative investmentsKorean insurers may write down $1.1 bn in global alternatives
South Korea’s 36 insurance companies have invested a combined 70 trillion won ($63 billion) in overseas alternative invest...
Feb 23, 2021 (Gmt+09:00)