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Corporate investmentHigher costs, weaker won put Korean firms’ investments on hold
Rising borrowing costs coupled with the weakening local currency are forcing an increasing number of South Korean companies to w...
Sep 27, 2022 (Gmt+09:00)
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Bio & PharmaCelltrion wins sales approval for biosimilar Vegzelma in Japan
Celltrion Inc. secured Japan’s approval for sales of its cancer treatment biosimilar CT-P16, a move to help the South Kore...
Sep 27, 2022 (Gmt+09:00)
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BatteriesLotte Chem to buy Iljin at $1.9 bn for battery material biz
South Korea’s Lotte Chemical Corp. is set to acquire major domestic battery material maker Iljin Materials Co. at some 2.7...
Sep 27, 2022 (Gmt+09:00)
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Korean chipmakersNAND chips may sustain double-digit price drops in Q4
NAND flash memory chip prices are expected to sustain a double-digit decline in the fourth quarter of this year due to oversuppl...
Sep 27, 2022 (Gmt+09:00)
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MachineryHyundai Rotem rolls out Korea’s fastest bullet train
Hyundai Rotem Co., a South Korean railway system maker under Hyundai Motor Group, has rolled out the country’s fastest bul...
Sep 27, 2022 (Gmt+09:00)
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Mergers & AcquisitionsDiageo revokes agreement for sale of Windsor to South Korean consortium
London-based global alcoholic beverage company Diageo plc announced Tuesday it plans to revoke the domestic management rights of...
Sep 27, 2022 (Gmt+09:00)
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CryptocurrenciesKorean crypto buyers show higher risk appetite than global peers
South Korean cryptocurrency investors appear willing to take more risks than their global counterparts, balancing their portfoli...
Sep 27, 2022 (Gmt+09:00)
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Future mobilityHyundai Mobis hosts future mobility startups in Silicon Valley
South Korea’s Hyundai Mobis Co. will host a future mobility conference, dubbed Mobis Mobility Day, with around 80 experts ...
Sep 27, 2022 (Gmt+09:00)
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Korean chipmakersChip foundry DB HiTek pulls the plug on fabless division spinoff plan
DB HiTek Co. has pulled the plug on the possible spinoff of its fabless division, named the brand business department. The decis...
Sep 27, 2022 (Gmt+09:00)
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Mergers & AcquisitionsAircraft maker KAI: Hanwha Group's new M&A target?
Hanwha Group’s agreement to buy a controlling stake in Daewoo Shipbuilding & Marine Engineering (DSME) Co. for 2 trill...
Sep 27, 2022 (Gmt+09:00)