Companies
SSD competition
SK Hynix starts mass production of high-performance SSDs
South Korea’s SK Hynix Inc. has begun the mass production of its latest high-performance solid-state drives (SSDs) amid intensifying competition among chipmakers for high-capacity storage devices.SK Hynix said on Apr. 15 that it has begun prod
Apr 15, 2021 (Gmt+09:00)
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ESG bonds
Hanwha Solutions to raise 1 billion yuan in ESG bonds
South Korea’s leading renewable energy company Hanwha Solutions Corp. plans to raise 1 billion Chinese yuan ($153 million) this month in green ...
Apr 15, 2021 (Gmt+09:00)
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IPOs
Kakao Bank applies for preliminary review of 2021 IPO
Kakao Bank, South Korea's No.1 mobile banking app., has kicked off the process to go public by applying for a preliminary review of its stock market ...
Apr 15, 2021 (Gmt+09:00)
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Factory suspension
GM Korea to halt 2 main plants next week on automotive chip shortage
The South Korean unit of US auto giant General Motors Co. will halt two of its three plants next week in the latest sign of the worsening global auto...
Apr 15, 2021 (Gmt+09:00)
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Web platforms
Naver, Kakao vie for Korean web novel platform
Naver Corp. and Kakao Corp., South Korea's two online giants, are competing to acquire Munpia Inc., their smaller domestic rival in the web novel mar...
Apr 15, 2021 (Gmt+09:00)
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EV materials
POSCO to build S.Korea’s first lithium plant by 2023
South Korea’s leading steelmaker POSCO will build the country’s first lithium extraction factory in Gwangyang, 300 km south of Seoul, als...
Apr 15, 2021 (Gmt+09:00)
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Corporate split-off
LG Corp shares surge ahead of relisting after LX Holdings split-off
Shares of LG Corp. are significantly outperforming the broader market on expectations the company will be fairly valued when it’s relisted on t...
Apr 15, 2021 (Gmt+09:00)
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Group restructuring
SK Telecom to split into mobile and non-mobile units
South Korea’s largest mobile carrier SK Telecom Co. will split into two separate entities. SK Telecom said on Apr. 14 that it will create a new...
Apr 14, 2021 (Gmt+09:00)
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Investment returns
Korean funds, firms eye jackpot from Grab’s Nasdaq listing
South Korea’s National Pension Service (NPS), other state-run savings funds and big companies are expected to pocket decent gains from their i...
Apr 14, 2021 (Gmt+09:00)
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Carbon materials
LG Chem expands carbon nanotube production with new plant
South Korea's LG Chem Ltd. has completed an extension of its production line for carbon nanotubes (CNTs), known as a wonder material for its strength...
Apr 14, 2021 (Gmt+09:00)
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Samsung tax
Banks keen to lend to Samsung heirs for inheritance tax
South Korean banks are queuing up to extend credit to Samsung Group's de-facto leader Jay Y. Lee and his family who are due to pay over 2 trillion wo...
Apr 14, 2021 (Gmt+09:00)
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Games
Smilegate becomes 5th game firm to join trillion won club
Smilegate Entertainment Inc. has become the fifth South Korean game company to join the trillion won club, as it posted a revenue of 1.73 trillion wo...
Apr 14, 2021 (Gmt+09:00)
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Live commerce
Live commerce app Grip aims to take over the world via shopping
There's an app where users can shop as if they're video chatting with their friends. How does this work? A seller will introduce products via livestr...
Apr 14, 2021 (Gmt+09:00)
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Global chip crisis
Quest for semicon autonomy pushes countries to brink of chip cold war
The ongoing global race for semiconductors, largely driven by the aggressive measures taken by both China and the US, has entered a more serious phas...
Apr 14, 2021 (Gmt+09:00)
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K-content performance
Korean content shares soar as platforms eye overseas expansion
Shares of Korean content providers are flying high as platform operators such as Kakao Entertainment Corp. are looking to expand overseas to bask in ...
Apr 14, 2021 (Gmt+09:00)
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Overseas derivatives
Brokerage firms enjoy rising bets on global derivatives
South Korean brokerage houses enjoyed a bumper year in 2020 with a record fee income from global derivatives trading, driven by retail investors' ven...
Apr 14, 2021 (Gmt+09:00)
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Music and entertainment
HYBE’s music unit split-off plan ignites shareholder concern
HYBE Co., the label behind BTS, will attempt to split off its music business as a separate entity at its general shareholder meeting on May 14. Accor...
Apr 13, 2021 (Gmt+09:00)
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Heavy machinery
Global infra boom revives S.Korea’s heavy equipment sector
South Korea’s heavy machinery manufacturers are making a strong start this year, reporting the highest first quarter revenue figures since 2018...
Apr 13, 2021 (Gmt+09:00)
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LED makers
Korean LED maker moves up to 3rd place; CEO still growing hair
Seoul Semiconductor Co., whose founder and CEO has not cut his hair since 2018 to concentrate on patent lawsuits, has moved up one notch to third pla...
Apr 13, 2021 (Gmt+09:00)
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IPOs
Hyundai Engineering seeks Q3 IPO; seen as precursor to group revamp
Hyundai Engineering Co., an unlisted construction affiliate of the Hyundai Motor Group, is seeking an initial public offering on the Korean bourse, a...
Apr 13, 2021 (Gmt+09:00)
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Doosan restructuring
Doosan taps PEFs to sell copper clad board division
Doosan Co., the holding company of South Korea's Doosan Group, is in contact with several private equity firms to sell its in-house electronic materi...
Apr 13, 2021 (Gmt+09:00)
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Earnings
Facebook's operating profit surges sixfold in S.Korea; tops $10 mn
Last year's South Korea-based earnings for some global IT firms were disclosed publicly for the first time only this year, following a revision to t...
Apr 13, 2021 (Gmt+09:00)
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Foreign currency bonds
Kia raises $700 mn in foreign green bonds
Kia Corp. has issued its first foreign currency ESG bonds worth $700 million to strengthen its investment in electric vehicles and other eco-friendly...
Apr 13, 2021 (Gmt+09:00)
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Car batteries
Samsung SDI to supply cylindrical cells to Hyundai, Kia
Samsung SDI Co., one of South Korea's top three electric vehicle battery makers, is developing cylindrical lithium-ion batteries for Hyundai Motor Co...
Apr 13, 2021 (Gmt+09:00)
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[Exclusive] E-commerce
Coupang to start first overseas operation in Singapore
South Korea’s e-commerce giant Coupang Corp. is moving forward with its global expansion plans by entering the Singapore market. The New York S...
Apr 12, 2021 (Gmt+09:00)
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Franchise industry
Kyochon F&B, Galadari tie-up brings Korean fried chicken to Middle East
South Korea's No. 1 fried chicken brand Kyochon F&B has inked a master franchise agreement with Dubai-based franchise operator Galadari Brothers ...
Apr 12, 2021 (Gmt+09:00)
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[Exclusive] Archegos scandal
Ex-Samsung startup head's Archegos job ends after 3 mths
A former startup investment head of Samsung Electronics Co. has wrapped up his brief career in the asset management industry, following Archegos Cap...
Apr 12, 2021 (Gmt+09:00)
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Shipbuilding orders
Hyundai Heavy wins $202 mn shipbuilding order
Hyundai Heavy Industries Group has won an order worth 227 billion won ($202 million) to build three liquefied petroleum gas (LPG) carriers, said its ...
Apr 12, 2021 (Gmt+09:00)
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Bespoke home appliances
Bespoke home goods' evolution from color to function
Refrigerators, washing machines and air conditioners became known as white goods because originally they mainly came in white. Eventually, they were ...
Apr 12, 2021 (Gmt+09:00)
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Chip summit
Samsung walks tightrope on US investment; invited to White House talks
Samsung Electronics Co., the only South Korean company invited to a special White House meeting on the global semiconductor shortage, is likely to fa...
Apr 12, 2021 (Gmt+09:00)
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