Companies
Machinery
Hyundai Rotem wins $296.5 mn electric train deal from Tanzania
Hyundai Rotem's electric locomotive Hyundai Rotem won a $296.5 million electric train deal from Tanzania as the South Korean railway system maker aims to expand business in Africa.Hyundai Rotem, whose top shareholder is Hyundai Motor Co., said i
Jul 06, 2020 (Gmt+09:00)
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Petrochemicals
Lotte Chemical to double LPG use as petchem makers diversify feedstock
Lotte Chemical Yeosu complex in the South Jeolla Province, South Korea South Korean Lotte Chemical Corp. plans to double liquefied petroleum gas ...
Jul 06, 2020 (Gmt+09:00)
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Artificial intelligence
Naver says it's constructing world’s first robot-friendly building
Naver’s robot-friendly building will connect all the latest technologies in one infrastructure. The world’s first “robot-friend...
Jul 05, 2020 (Gmt+09:00)
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Construction
Jungheung cuts Daewoo E&C acquisition price by $180 mn
KDB Investment, in an announcement on July 5, has confirmed Jungheung Construction Co. as the preferred bidder for the acquisition of Daewoo Eng...
Jul 05, 2020 (Gmt+09:00)
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Semiconductors
Leeno Industrial hits 52-week high, eyes top 10 on Kosdaq
Leeno Industrial headquarters in Busan, South Korea. The stock price of South Korea’s Kosdaq-listed electronic testing components mak...
Jul 05, 2020 (Gmt+09:00)
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Markets
Defense stocks rally in response to China Xi's speech
(Courtesy of Hanwha Systems) South Korean manufacturers of jet fighters, aircraft engines and weapon systems saw their share prices soaring in he...
Jul 05, 2020 (Gmt+09:00)
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Oil & Gas
POSCO International, Pertamina seek joint oil, gas development off Indonesia
POSCO International's Myanmar gas exploration project POSCO International Co., the trading unit of South Korean steelmaker POSCO, has agreed with...
Jul 05, 2020 (Gmt+09:00)
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Tech
Hyundai Motor to adopt digital twin in latest move of virtual technology use
A Hyundai Motor R&D official is checking the quality of a car design wearing a VR headset. Hyundai Motor Group plans to adopt digital twin ...
Jul 05, 2020 (Gmt+09:00)
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Advertisement
Paint makers lure MZers with YouTube stars, fashion brand
(Courtesy of KCC) A car pulls in front of an old warehouse. In funky and vivid outfits and holding various tools in their hands, five boys and gi...
Jul 05, 2020 (Gmt+09:00)
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Smart homes
Samsung, Hanwha Q CELLS to offer IoT home energy solutions in US, EU
Q CELLS CEO Kim Hee-cheul (left) and Samsung’s Head of Digital Appliances Business Lee Jae-Seung (right). Samsung Electronics Co. and...
Jul 05, 2020 (Gmt+09:00)
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[Exclusive] Smart logistics
LG CNS to launch Korea’s first drive-thru micro-fulfillment center
Automated micro-fulfillment center (Courtesy of AutoStore) Micro-fulfillment is on everyone’s lips these days, or so it seems, as retailers...
Jul 05, 2020 (Gmt+09:00)
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EV batteries
Hyundai Motor invests $100 mn in US battery startup SES
Hyundai Motor's UAM concept model (Courtesy of Hyundai Motor) Hyundai Motor Co. is set to invest $100 million in US-based electric vehicle batter...
Jul 04, 2020 (Gmt+09:00)
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ESG
Crude oil, nitric acid and yarn turn eco-friendly amid ESG boom
South Korean material makers are boosting their efforts to go green as they increasingly adopt eco-friendly technologies for raw materials such ...
Jul 04, 2020 (Gmt+09:00)
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Pharmaceuticals
SK Biopharm aims to make it to global top 10 healthcare firms by 2030
SK Biopharm researchers South Korea’s SK Biopharmaceuticals Co. said on Friday it aspires to become one of the world’s top 10 healthc...
Jul 02, 2020 (Gmt+09:00)
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Future mobility
LG invests $88 mn in Kakao Mobility as both seek new growth opportunities
LG Corp., the holding company of South Korea’s fourth-largest conglomerate LG Group, is investing 100 billion won ($88 million) in Kakao M...
Jul 02, 2020 (Gmt+09:00)
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IPOs
Kakao Pay eyes August listing, seeks to raise near $2 bn
South Korea-based Kakao Pay Corp. is set to make a trading debut on the country's main bourse next month -- just a week after its sister company...
Jul 02, 2020 (Gmt+09:00)
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Automobiles
Hyundai Motor, Kia report record-high H1 sales in US
Hyundai Motor Group’s auto units posted all-time high sales in the first half of 2021 in the US market. According to the industry on July ...
Jul 02, 2020 (Gmt+09:00)
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Hydrogen vehicles
Fleet of Hyundai XCIENT hydrogen truck exceeds 1 million km benchmark
Hyundai's XCIENT fuel cell heavy-duty truck on a road in Switzerland. Hyundai Motor Co.’s fleet of fuel cell truck XCIENT has surpassed the...
Jul 02, 2020 (Gmt+09:00)
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Music & Entertainment
HYBE CEO steps down to focus on music production
HYBE founder Bang Si-hyuk, nicknamed 'The Father of BTS,' is renowned for his musical genius. BTS agency HYBE’s founder Bang Si-hyuk ...
Jul 02, 2020 (Gmt+09:00)
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Electric vehicles
Hyundai innovates EV manufacturing with smart factory system
IONIQ 5 production South Korea’s top carmaker Hyundai Motor Co. is making innovations in its electric vehicle manufacturing processes. The ...
Jul 02, 2020 (Gmt+09:00)
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Semiconductors
SK Siltron to ramp up wafer production from 2022
SK Siltron’s silicon wafer plant in Gumi, North Gyeongsang Province. SK Group’s silicon wafer affiliate SK Siltron Co. is planning to...
Jul 02, 2020 (Gmt+09:00)
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Coronavirus pandemic
COVID-19 blues? Pandemic makes SD Biosensor Korea’s top-grossing bio firm
COVID-19 home test kits Multinational biopharmaceutical companies have dominated the world’s diagnostics market for years. However, the cor...
Jul 01, 2020 (Gmt+09:00)
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IPOs
Online players head S.Korea's biggest month for IPOs
(Getty Images Bank) South Korea's initial public offering market in July is expected to see its largest-ever amount of share issues for a single ...
Jul 01, 2020 (Gmt+09:00)
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Hydrogen vehicles
Hanwha partially sells stake in controversial Nikola
Nikola Two is Nikola’s fuel-cell electric vehicle (FCEV) prototype. Hanwha Group has made a partial exit from Nikola Corporation, one...
Jul 01, 2020 (Gmt+09:00)
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EV batteries
SK Innovation to split battery unit, eyes Nasdaq debut as it goes greener
Kim Jong-hoon, chairman of SK Innovation's board of directors, speaks at the company's Story Day South Korea’s SK Innovation Co. said on Th...
Jul 01, 2020 (Gmt+09:00)
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Corporate bonds
Korean corporate bonds suffer from cooling investor sentiment
(Getty Images Bank) South Korean corporate bond markets are set to suffer from shrinking liquidity as institutional investors are turning cautiou...
Jul 01, 2020 (Gmt+09:00)
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Games
Krafton lowers IPO share price amid debate over high valuation
South Korean game developer Krafton Inc. has decided to lower its initial public offering share price amid criticism over its high valuation fol...
Jul 01, 2020 (Gmt+09:00)
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COVID-19 vaccine
Eyegene to kick off Korea’s first mRNA clinical trial
An Eyegene researcher at the company’s R&D center in Goyang, Gyeonggi Province. Eyegene Inc. will be South Korea’s first vaccine ...
Jul 01, 2020 (Gmt+09:00)
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Naver expands ties with CJ Group into OTT platform
(Courtesy of TVing) South Korea's Naver Corp. has agreed to buy 40 billion won ($35 million) worth of new shares in the domestic over-the-top (OT...
Jul 01, 2020 (Gmt+09:00)
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Home appliances
Coway keeps No.1 spot in Malaysia’s water purifier market for 10 years
BTS members with Coway water purifier products. South Korea’s home appliance rental service provider Coway Co. has maintained the top posit...
Jul 01, 2020 (Gmt+09:00)
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