Companies
Korean contents
Naver to enter strategic partnership with BTS label
South Korea’s internet giant Naver Corp. plans to enter into a strategic partnership with Big Hit Entertainment Co., the label behind K-pop sensation BTS, to join forces to compete in the rapidly growing fan community platform market.The two c
Jan 22, 2021 (Gmt+09:00)
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Logistics challenges
HMM, SM Line to deploy container ships to support Korean exporters
South Korea’s leading shipping companies have decided to deploy at least five container carriers on major sea routes to provide support for loc...
Jan 22, 2021 (Gmt+09:00)
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Chip shortages
GM Korea to curb production as global chip shortages worsen
GM Korea Co., a subsidiary of US auto giant General Motors Co., is slashing production rates due to a component supply disruption, the latest sign th...
Jan 22, 2021 (Gmt+09:00)
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Fashion platforms
S.Korea's online fashion platform eyes global expansion
Online fashion platform Musinsa Co., a familiar name among Gen Zers and millennials in South Korea, is ready to go global. This month, the Korean com...
Jan 21, 2021 (Gmt+09:00)
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Foundry business
Samsung wins Intel foundry order; TSMC takes GPU deal
Samsung Electronics Co. has clinched its first order from Intel Corp. to manufacture Intel-designed chips, as the world’s top memory chipmaker ...
Jan 21, 2021 (Gmt+09:00)
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EV batteries
SK Innovation buys 13% stake in China’s EV battery-swap station operator
SK Innovation Co. has signed a deal to acquire a 13% stake in a Chinese electric vehicle battery-swap station operator, as the South Korean company s...
Jan 21, 2021 (Gmt+09:00)
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Logistics challenges
Surging freight rates, bulker shortages squeeze Korean importers
Surging sea freight rates, coupled with a shortage of bulk carriers and container ships, are putting South Korean exporters and importers in a bind a...
Jan 21, 2021 (Gmt+09:00)
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Business restructuring
LG Electronics to consider selling smartphone business
South Korea-based LG Electronics Inc. looks to be considering selling off its struggling smartphone division, which has been in the red for 23 conse...
Jan 20, 2021 (Gmt+09:00)
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ESG management
ESG becomes name of the game on Korean corporate boards
South Korea’s big companies, such as Samsung, Hyundai and LG, are increasingly embracing environmental, social and governance (ESG) standards a...
Jan 20, 2021 (Gmt+09:00)
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K-content
K-content shares rise as OTTs bask in success of dramatized webtoons
Korean content providers' shares are emerging as some of the best to buy as competition heats up among global over-the-top (OTT) services such as Net...
Jan 20, 2021 (Gmt+09:00)
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Korean contents
Netflix sweeps S.Korean content market
Global streaming giant Netflix Inc. has become a leading platform in South Korea, boasting around 4.1 million paid subscribers and earning over 500 b...
Jan 19, 2021 (Gmt+09:00)
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Aircraft engine parts
Hanwha Aerospace certified to verify Rolls-Royce aircraft engine parts
Hanwha Aerospace Co., a unit of South Korean conglomerate Hanwha Group, has been certified to conduct the quality checks on aircraft engine parts it ...
Jan 19, 2021 (Gmt+09:00)
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Battery materials
POSCO acquires stake in Tanzania graphite mine to boost battery materials biz
South Korea’s largest steelmaker POSCO's commitment to innovation and growth has been well demonstrated this year, as it wraps up acquisition o...
Jan 18, 2021 (Gmt+09:00)
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SSD competition
Samsung, Hynix in intensifying competition for solid-state drives
Samsung Electronics Co. and SK Hynix Inc. are unveiling a series of new solid-state drives (SSDs) to grab a greater share of the intensifying global ...
Jan 18, 2021 (Gmt+09:00)
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Court rulings
Samsung heir sentenced to 2.5 years in jail for bribery
Samsung Electronics Co. Vice Chairman and de-facto leader Jay Y. Lee was on Jan. 18 sentenced to two and a half years in prison on bribery and embezz...
Jan 18, 2021 (Gmt+09:00)
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ESG bonds
Kia to issue green notes as part of $500 mn global bonds for future mobility
Kia Corp., a unit of Hyundai Motor Group, plans to issue green bonds in overseas markets to raise money for future mobility investments, including ec...
Jan 18, 2021 (Gmt+09:00)
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Specialty chemicals
S.Korean chem firms look to specialty chemicals to drive growth
South Korea-based Kumho Petrochemical Co. stunned the market last year with a positive earnings surprise in the third quarter of 2020. The company p...
Jan 17, 2021 (Gmt+09:00)
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Steel industry
POSCO may see Q1 operating profit reach $900 mn
South Korea's largest steelmaker POSCO may see its operating profit climb to the 1 trillion won ($906 million) range as domestic steel companies exp...
Jan 17, 2021 (Gmt+09:00)
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Corporate rebrand
Kia drops Motors from name, unveils roadmap for new EV models
Kia Motors Corp., a unit of Hyundai Motor Group, has dropped Motors from its name, as the company breaks away from its traditional manufacturing-driv...
Jan 15, 2021 (Gmt+09:00)
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IPOs
Lotte Rental resumes IPO process; seeks $1.8 bn valuation
South Korea’s leading rental car company Lotte Rental Co. has resumed its initial public offering process, despite having earlier postponed it...
Jan 15, 2021 (Gmt+09:00)
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Fuel cell plants
Hyundai inks deal to build first overseas hydrogen fuel cell plant in China
Hyundai Motor Co. has signed a contract to build its first overseas hydrogen fuel cell systems plant in China as the South Korean company aims to ent...
Jan 15, 2021 (Gmt+09:00)
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Renewable energy
Total, Hanwha to set up JV for $1.8 bn US solar expansion
French refiner Total SE and South Korea’s Hanwha Energy Corp. have agreed to set up a joint venture to build solar power plants and storage cen...
Jan 15, 2021 (Gmt+09:00)
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ESG management
Korea requires major companies to disclose ESG activities from 2025
Big companies listed on South Korea’s major stock market will be required to disclose their business activities related to environmental, socia...
Jan 14, 2021 (Gmt+09:00)
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Logistics center
Hyundai Glovis, Ulsan Port Authority to build logistics center in Ho Chi Minh City
South Korea’s Hyundai Glovis Co. and a local port authority will build a logistic center in Vietnam’s Ho Chi Minh City to use it as a dis...
Jan 14, 2021 (Gmt+09:00)
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M&As
Top court rules in favor of Doosan Infracore; sale to Hyundai Heavy to proceed
The sale process for Doosan Infracore Co. is gaining traction after it won a legal dispute with financial investors over a case involving the top Sou...
Jan 14, 2021 (Gmt+09:00)
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Space exploration
S.Korean game behemoth invests $16 mn in Elon Musk's SpaceX
The founder of South Korea's leading game company Nexon Co. has invested $16 million in SpaceX, the aerospace company headed by Elon Musk, chief exe...
Jan 14, 2021 (Gmt+09:00)
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Infotainment JV
LG Electronics, Luxoft to launch car infotainment JV in January
LG Electronics Inc. will launch a car infotainment system joint venture with Luxoft, a DXC Technology company headquartered in Switzerland, later thi...
Jan 13, 2021 (Gmt+09:00)
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Steel industry
Dongkuk Steel wows industry with color steel plates, earnings surprise
GAMMANDONG, BUSAN -- The global steel industry underwent an unprecedented slump in 2020, with demand from the shipbuilding and automobile industries ...
Jan 13, 2021 (Gmt+09:00)
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New EV model
Hyundai Motor releases IONIQ 5 EV teasers before February reveal
Hyundai Motor Co. has shared a few images of the IONIQ 5, the first model under its standalone electric vehicle sub-brand, ahead of its official reve...
Jan 13, 2021 (Gmt+09:00)
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F&B Industry
CJ Cheiljedang to set up food production plant in South Dakota
South Korea's food and beverage giant CJ CheilJedang Corp. will establish a food production plant that makes mandu in the 560,000 square meters of la...
Jan 13, 2021 (Gmt+09:00)
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