Companies
Stake sale
SK Hynix ponders fate of Kioxia stake after bids by Micron, WDC
SK Hynix's latest 176-layer 512 GB Triple-Level Cell (TLC) 4D NAND flash memory. The reported bids to buy Japanese chipmaker Kioxia Holdings Corp. by Micron Technology Inc. and Western Digital Corp. is raising market chatter over the fate of the
Apr 02, 2020 (Gmt+09:00)
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Future mobility
Google to buy $50 mn new shares in Kakao Mobility
Waymo's self-driving car undergoes testing on a street near Google's offices. (Source: Getty Images Bank) Google Inc. will acquire 56.5 billion w...
Apr 01, 2020 (Gmt+09:00)
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Paradigm shift
Hydrogen, aerospace, materials: key words for Korean business leaders
Hydrogen facility of Hyosung Heavy Industries South Korea’s top conglomerates have enjoyed their domestic market leadership for decades wit...
Apr 01, 2020 (Gmt+09:00)
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Startups
RECON Labs to drive AR commerce by cutting content creation costs by up to 99%
RECON Labs' CEO Ban Seong-hoon speaks at D. Day startup demo event. Does the adoption of augmented reality (AR) technology in e-comme...
Apr 01, 2020 (Gmt+09:00)
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Post-merger
Korean Air eyes $350 mn in cost savings from Asiana merger
Korean Air Lines Co. will retain its brand name after absorbing local rival Asiana Airlines Inc. in a span of around two years, with their merge...
Apr 01, 2020 (Gmt+09:00)
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Battery dispute
ITC rules in favor of SK Innovation over LG Energy in US battery patent suit
SK Innovation's EV battery plant under construction in Georgia The International Trade Commission (ITC) has ruled in favor of SK Innovation Co. i...
Apr 01, 2020 (Gmt+09:00)
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Future mobility
Hyundai Mobis expands mobility business, reveals concept cars
Hyundai Mobis M.Vision X using a 360º window as a display (courtesy of Hyundai Mobis) South Korea’s largest auto parts maker Hyundai M...
Apr 01, 2020 (Gmt+09:00)
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Graphene
POSCO agrees on joint graphene cluster development
POSCO's steel plant in the city of Pohang The steelmaker POSCO will lead in the creation of a graphene industry cluster in the city of Poha...
Mar 31, 2020 (Gmt+09:00)
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Global trade
KOTRA to lead trade digitalization with AI, big data
Korea Trade-Investment Promotion Agency (KOTRA) South Korea’s state-funded Korea Trade-Investment Promotion Agency (KOTRA) is undergoing a ...
Mar 31, 2020 (Gmt+09:00)
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Venture investments
GS Galtex to partner with Kakao for mobility services
South Korea's GS Caltex Corp., aiming to become a logistics platform, will invest around 30 billion won ($26 million) in Kakao Mobility Corp. to...
Mar 31, 2020 (Gmt+09:00)
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Kosdaq IPOs
Metaverse startups enjoy unrivaled attention on Kosdaq
MAXST's AR guide for product installation and repair (Courtesy of MAXST) South Korea’s virtual reality (VR) and augmented reality (AR) comp...
Mar 31, 2020 (Gmt+09:00)
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Webtoons
French webtoon platform posts over 200% growth via Korean content
Delitoon offers Korean webtoons translated into French and German. South Korea’s online content platform Kidari Studio Inc. announced on Ma...
Mar 31, 2020 (Gmt+09:00)
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Revenue club
Korea’s top delivery app operator Woowa joins 1 trillion won sales club
Woowa Brothers Corp., the operator of South Korea’s top food delivery app Baedal Minjok, commonly known as Baemin, has joined the 1 trilli...
Mar 31, 2020 (Gmt+09:00)
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Natural gas projects
SK E&S to invest $1.4 bn in Australia LNG project
(Courtesy of SK E&S) SK E&S Co. will invest $1.4 billion in a gas field development project offshore northern Australia that had been pos...
Mar 30, 2020 (Gmt+09:00)
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New EV model
Kia debuts all-electric EV6; runs faster, longer than Tesla, IONIQ5
▲ The Kia EV6 World Premier Kia Corp. on Tuesday debuted the EV6, its first dedicated electric vehicle built on Hyundai Motor Group’s new E...
Mar 30, 2020 (Gmt+09:00)
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Industrial adhesives
U-One R2M: S.Korea’s pioneer of rubber-to-metal adhesive
U-One R2M's VULCAN 44 adheres rubber to metal An engine mount is the part of a vehicle that holds the engine in place while at the same time redu...
Mar 30, 2020 (Gmt+09:00)
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Vaccine business
SK Bioscience halts flu vaccine output to focus on COVID vaccines
South Korea’s SK Bioscience Co. is suspending production of SKYCellflu, an influenza vaccine, to focus on manufacturing COVID-19 vaccines ...
Mar 30, 2020 (Gmt+09:00)
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Agriculture
Daedong rebrands with name change, posts record earnings
Daedong's new corporate logo South Korea’s top farm machinery maker Daedong Corporation has changed its name from Daedong Industrial Co. to...
Mar 30, 2020 (Gmt+09:00)
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Game and entertainment
Nexon invests $874 mn in Hasbro, Japan’s game giants
(Courtesy of Nexon) South Korea’s Nexon Co. has disclosed investments in the global entertainment sector made last year, totaling $874 mill...
Mar 30, 2020 (Gmt+09:00)
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Corporate value
SK aims to raise enterprise value to over $120 billion by 2025
SK Inc. CEO Jang Dong-hyun speaks at the AGM. SK Inc., formerly known as SK Holdings Co., has vowed to raise its enterprise value to some 140 tri...
Mar 30, 2020 (Gmt+09:00)
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Factory suspension
Hyundai Motor to halt plant for a week; Kona, IONIQ5 affected
Hyundai's compact SUV Kona South Korea’s top automaker Hyundai Motor Co. will halt its main plant in Ulsan for a week due to a component su...
Mar 29, 2020 (Gmt+09:00)
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Fund manager survey
Outlook for Korean battery shares evenly split amid weak performance
South Korea’s major battery makers, which have underperformed the broader stock market since the start of the year, remain opaque as fund ...
Mar 29, 2020 (Gmt+09:00)
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Battery separators
SKIET to build additional battery separator plants in Poland
SK IE Technology employee examines battery separator at a local plant. SK Innovation Co.’s material business arm SK IE Technology Co. (SKIE...
Mar 28, 2020 (Gmt+09:00)
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Shipbuilding orders
Samsung Heavy sets new global record with $2.5 bn order
(courtesy of Samsung Heavy Industries) South Korea’s Samsung Heavy Industries has landed an order to build 20 very large container ships (V...
Mar 26, 2020 (Gmt+09:00)
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Boardroom diversity
Korean firms diversify boardrooms with experts, women
(Source: Getty Images Bank) Leading South Korean companies are diversifying their once rubber-stamp boards with a broader pool of professionals a...
Mar 26, 2020 (Gmt+09:00)
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Shareholder activism
LG shareholders approve spin-off plan amid activist opposition
LX Holdings' logo Shareholders of LG Corp., the holding company of South Korea’s fourth-largest conglomerate LG Group, on Friday gave the n...
Mar 26, 2020 (Gmt+09:00)
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OTT platforms
Wavve to pump $885 mn into original content amid fierce OTT competition
South Korea's over-the-top (OTT) service Wavve will invest a total of 1 trillion won ($885 million) to produce original content by 2025 to gain ...
Mar 26, 2020 (Gmt+09:00)
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US IPO
Kurly hires Goldman, JPMorgan, Morgan Stanley for US listing
(Courtesy of Market Kurly) Kurly Inc., the operator of premium grocery delivery platform Market Kurly, will push forward in its US IPO aims...
Mar 26, 2020 (Gmt+09:00)
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Agricultural machinery
Daedong makes S.Korea’s first self-driving tractor
Daedong's self-driving tractor HX 1400 (courtesy of Daedong) South Korea’s top tractor and farm machinery maker Daedong Industrial Co. has ...
Mar 26, 2020 (Gmt+09:00)
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Battery dispute
SK reiterates rejection of LG’s hefty demand for battery dispute settlement
Lee Myoung-young, senior executive VP of SK Innovation, speaks at the AGM. SK Innovation Co. again refused to accept LG Energy Solution Ltd...
Mar 26, 2020 (Gmt+09:00)
