Companies
Fiber and textile
Kolon Industries to lead Kolon Group's remarkable comeback in 2021
One & Only Tower, Kolon Group's corporate headquarters building located in Seoul. Kolon Group is making a remarkable comeback this year to challenge its longtime rival Hyosung Group in future-growth segments including hydrogen. According to
Jun 18, 2020 (Gmt+09:00)
-
Automobiles
Hyundai NEXO, Toyota Mirai to compete in fuel cell cars as Honda exits
Japan’s Honda Motor Co. has announced it is exiting the hydrogen fuel cell vehicle market, leaving Toyota Motor Corp. and South Korea&rsqu...
Jun 18, 2020 (Gmt+09:00)
language -
Remote work culture
Naver's Line makes remote working the new norm; who will be next?
South Korea-based Line Plus Corp. is set to become the country's first large business group to allow employees to work from home permanently.&nb...
Jun 18, 2020 (Gmt+09:00)
-
ESG
Korea’s coal power companies squeezed for financing amid ESG fever
Samcheok Blue Power Co. South Korea’s coal power companies are facing tighter scrutiny for debt financing as they are increasingly shunned ...
Jun 18, 2020 (Gmt+09:00)
language -
Banking and finance
Singapore emerges as new financial hub for S.Korean banks
South Korea’s major banks are rushing to Singapore as the city-state is emerging as a new financial hub in Southeast Asia, replacing the t...
Jun 18, 2020 (Gmt+09:00)
-
Automobiles
Hyundai Mobis unveils new grille technology for EVs
South Korea’s largest auto parts maker Hyundai Mobis announced on June 17 that it has developed a new grille technology that allows driver...
Jun 18, 2020 (Gmt+09:00)
language -
ESG
GS Caltex marks Korea’s first company to buy carbon-neutral crude oil
Lundin's offshore oil rig (Courtesy of Lundin Energy). GS Group has become South Korea’s first business group to purchase carbon-neutral cr...
Jun 17, 2020 (Gmt+09:00)
-
IPOs
Tencent-backed Krafton's mega IPO seen as overvalued
South Korea-based game publisher Krafton Inc.'s highly-anticipated initial public offering is raising concerns that it may be overvalued. The co...
Jun 17, 2020 (Gmt+09:00)
-
E-commerce
Coupang changes leadership roles to expand global business
Founder Kim Bom-seok will still be making global-level decisions as the CEO of the US-listed Coupang Inc. Coupang Corp. has executed change...
Jun 17, 2020 (Gmt+09:00)
language -
Batteries
LG Energy supplies batteries to world’s largest Vistra ESS project
LG Energy's new ESS battery TR 1300 rack. South Korea’s LG Energy Solution Ltd. is supplying batteries to the world’s largest energy ...
Jun 17, 2020 (Gmt+09:00)
-
Entertainment
DearU strives to catch up with leading K-pop fan platform Weverse
Imagine getting this text from your favorite K-pop group member: “Hey, what did you eat for lunch? Can’t wait to see you at the conc...
Jun 17, 2020 (Gmt+09:00)
language -
Mobile networks
Samsung, LG take major steps forward in 6G commercialization
Samsung's white paper on 6G networks published in July 2020. “It’s never too early to start preparing for 6G,” said Samsung Ele...
Jun 17, 2020 (Gmt+09:00)
language -
E-commerce
Naver tipped to pull out of Shinsegae-led eBay Korea deal
In the latest twist to the pending deal worth nearly $4 billion, South Korea's online titan Naver Corp. has tentatively decided to withdraw from...
Jun 17, 2020 (Gmt+09:00)
language -
Automobiles
Hyundai, Kia outrival Japanese carmakers in India, other emerging markets
Hyundai Motor's Creta SUV India, one of the world’s fastest-growing auto markets, has for decades been dominated by Japan’s Suzuki Mo...
Jun 17, 2020 (Gmt+09:00)
language -
Private equity
Bain Capital to gain $90 mn from exit of Schwan's deal
Bain Capital is set to pocket about 100 billion won ($90 million) in profits in two years from its equity financing of the South Korean CJ Group...
Jun 17, 2020 (Gmt+09:00)
-
Startups
PigUp targets MZ consumers with new meat culture
PigUp co-founders: Lee Won-woo (left) and Shin Woo-sup (right) South Korea's island of Jeju is famous for its native citrus and pork. It's also w...
Jun 16, 2020 (Gmt+09:00)
-
Renewable energy
GS Energy to create renewable JV with Spain’s Iberdrola
GS Energy CEO Huh Yong-soo (front left); Iberdrola’s Director of the Renewable Energy Business Xabier Viteri (front right) South Korea&rsqu...
Jun 16, 2020 (Gmt+09:00)
-
Future mobility
Hyundai Motor chairman sees future in self-driving, robot businesses
Hyundai Motor Chairman Chung Euisun test drives an autonomous vehicle Hyundai Motor Group Chairman Chung Euisun is in the United States seeking b...
Jun 16, 2020 (Gmt+09:00)
-
E-commerce
Shinsegae-Naver consortium one step closer to eBay Korea acquisition
Shinsegae Group heir-apparent and Vice Chairman Chung Yong-jin Shinsegae is the likely winner of the eBay Korea acquisition, outplaying its rival...
Jun 16, 2020 (Gmt+09:00)
language -
EV partnership
Kia, Uber form electric mobility partnership in Europe
Kia's Niro EV crossover South Korea’s second-largest automaker Kia Corp. has forged a partnership with Uber Technologies Inc. to supply ele...
Jun 16, 2020 (Gmt+09:00)
language -
Coronavirus pandemic
CureVac may pick Korea as Asian base for COVID vaccine production
German biopharmaceutical company CureVac N.V. may choose South Korea as one of its global production bases for the COVID-19 vaccine following Ko...
Jun 16, 2020 (Gmt+09:00)
language -
Techfin
Naver, techfins poised to spark Korean loan market's Big Bang
South Korea's online giant Naver Corp. is preparing to join a government-initiated fintech platform, on which individual borrowers can directly ...
Jun 16, 2020 (Gmt+09:00)
-
IPOs
Krafton mega IPO on horizon: Industry game-changer
Krafton Inc. is set to become the first South Korean decacorn startup, or a company valued at over $10 billion, to make a trading debut on the c...
Jun 15, 2020 (Gmt+09:00)
language -
Markets
Kakao becomes 3rd most valuable company in Korea
Kakao Friends, Kakao's featured characters frequently used on Korea's most-popular KakaoTalk messenger. Kakao Corp. is now the third most valuabl...
Jun 15, 2020 (Gmt+09:00)
language -
Wearable robots
Samsung Electronics to market wearable robot for healthcare by year-end
Samsung's wearable robot GEMS Samsung Electronics Co. will commercialize a wearable robot for healthcare by the end of this year as the South Kor...
Jun 15, 2020 (Gmt+09:00)
language -
Digital healthcare
KT makes another step beyond telecom, enters digital therapy sector
KT's Head of Future Value Promotion Office Kim Hyung-wook (left); NeuroSigma CEO Leon Ekchian (right) The telecom companies in South Korea, one a...
Jun 15, 2020 (Gmt+09:00)
-
Memory chips
Samsung’s new 5G multi-chip combines DRAM, NAND into one package
Samsung Electronics Co. has unveiled a new multi-chip that integrates high-performance DRAM and NAND flash memory chips into a single compact pa...
Jun 15, 2020 (Gmt+09:00)
-
IPOs
Hyundai Oilbank revives IPO push, expands blue hydrogen business
South Korean refiner Hyundai Oilbank Co. is seeking to list its shares on the local bourse next year, according to its parent Hyundai Heavy Indu...
Jun 15, 2020 (Gmt+09:00)
language -
Startups
Mirae, Naver set for hefty profit from Didi Chuxing IPO
(Courtesy of Didi Chuxing) The prospective initial public offering of DiDi Chuxing Technology Co., China's largest ride-hailing app, is expected ...
Jun 15, 2020 (Gmt+09:00)
language -
M&As
SBW emerges as sole bidder for Eastar Jet acquisition
Korea’s fashion company Ssangbangwool Inc. (SBW) was the only participant in the Eastar Jet Co. sellout bidding held at the Seoul Bankrupt...
Jun 14, 2020 (Gmt+09:00)
