NEW YORK – Hyundai Motor Group, the world’s No. 3 carmaker, swept trophies at the 2024 World Car Awards, a global premier standard for automotive excellence, with electric vehicles, proving the South Korean manufacturer’s competitiveness in the clean car sector.
8 HOURS AGO
Hanmi Pharmaceutical Group’s proposed merger with OCI Holdings Co. has collapsed after two sons of the group’s founding family, who opposed the merger, won a vote battle against the proponents of the merger on Thursday.At the annual general meeting (AGM) of Hanmi Scie
1 HOURS AGO
LG Electronics Inc., the world’s No. 1 OLED TV producer, defines artificial intelligence as empathy intelligence for customers. On Wednesday, the South Korean electronics company unveiled its upgraded OLED TV featuring more empathetic and personalized AI solutions, as well
6 HOURS AGO
South Korean prosecutors on Thursday filed criminal charges against HSBC and its three traders, accusing them of illegal short selling worth 15.8 billion won ($12 million). It marked the first case in the country to bring charges against a global investment bank over short selling.The move came three months after the country's top financial regulator slapped a 7.5 billion won fine on HSBC’s Hong Kong office for naked short-selling of s
2 HOURS AGO
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COMPANIES
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Advertising & MarketingDoosan Robotics, Bodyfriend to collaborate on marketing
South Korea's Bodyfriend Inc. announced on Thursday that it signed a memorandum of understanding (MOU) with Doosan Robotics Inc. for co-marketing the healthcare robot and collaborative robot. Under the agreement, Bodyfriend will install Doosan Roboti
5 HOURS AGO
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Chemical IndustryLotte Chemical applies recycled plastic to packaging
South Korea's Lotte Chemical announced on Thursday that it has applied recycled materials to all 25 kg packaging bags for polyethylene (PE) and polypropylene (PP) produced at its Yeosu and Daesan plants.The newly modified packaging bags incorporate 3
6 HOURS AGO
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Korean startupsLG Electronics spins off X-UP, 4 other in-house venture firms
LG Electronics Inc. said on Thursday it is spinning off five promising in-house venture firms as separate entities to strengthen South Korea’s burgeoning startup ecosystem.Six teams participated in LG’s demo day, or a showcase day, to pit
6 HOURS AGO
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Advertising & MarketingHD Hyundai Develon wins iF Design Award
South Korea's HD Hyundai Infracore Co. announced on Thursday that its construction machinery brand Develon received the grand prize in the branding category at the German iF Design Award 2024.With this, Develon has won the design award for the second
7 HOURS AGO
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Hidden Champions
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Point Mobile
Published: Sep 14, 2021
Last updated: May 10, 2022
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Jong Ie Nara
Published: May 26, 2021
Last updated: Apr 15, 2022
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T-Robotics
Published: Mar 25, 2021
Last updated: Jan 30, 2023
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Buhmwoo Group
Published: Apr 21, 2021
Last updated: Jan 30, 2023
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DCM
Published: Dec 09, 2022
Last updated: Jan 30, 2023
Future Unicorns
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Fridays Lab
Published: Jun 30, 2023
Last updated: Nov 10, 2023
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BJ BIOCHEM
Published: Oct 21, 2022
Last updated: Nov 04, 2022
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iCore
Published: Oct 07, 2022
Last updated: Apr 17, 2023
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S.lab Asia
Published: Jul 20, 2022
Last updated: Jul 21, 2022
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L-Base
Published: Oct 21, 2022
Last updated: Nov 16, 2022
KOREAN INVESTORS
Global proxy advisors International Shareholder Services Inc. (ISS) and Glass Lewis & Co. have expressed their opinion that there is no need for South Korea’s JB Financial Group to accept Align Partners Capital Management Inc.’s deman
Mar 25, 2024 (Gmt+09:00)
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, is slated to vote in favor of the KT&G Corp. board’s nomination of Bang Kyung-man as the next chief executive officer, investment banking sour
Mar 22, 2024 (Gmt+09:00)
The Samsung Fire & Marine Insurance Co. headquarters building in Seoul is on the market at a valuation of more than 1 trillion won ($746 million), investment banking sources said on Wednesday.The property owner Koramco REITs Management and Trust
Mar 20, 2024 (Gmt+09:00)
South Korea’s Daishin Securities Co. is set to sell its headquarters office to NH-Amundi Asset Management Co. for 660 billion won ($492.6 million) to spur the brokerage house’s investment banking and corporate finance businesses, sources
Mar 19, 2024 (Gmt+09:00)
A growing number of private real estate firms are being put up for sale in South Korea amid a prolonged market downturn and increasing delinquencies in property development project finance. Fastfive Co., a co-working space operator, sold a 100% stak
Mar 12, 2024 (Gmt+09:00)
M&A
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Mergers & AcquisitionsKDB halts KDB Life sale process to take full control
Mar 27, 2024 (Gmt+09:00)
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E-commerceQoo10 buys Korean department store AK’s e-commerce unit
Mar 27, 2024 (Gmt+09:00)
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Mergers & AcquisitionsSK Networks prepares to put SK Rent-a-Car on market
Mar 26, 2024 (Gmt+09:00)
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Mergers & AcquisitionsSamsung Elec vies for Johnson Controls' HVAC units
Mar 25, 2024 (Gmt+09:00)
2 Min read
ECM/DCM
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Private equityIMM PE puts Korea’s top travel agency Hanatour up for sale
Mar 26, 2024 (Gmt+09:00)
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Debt financingMBK secures $1 bn refinancing on Homeplus from Meritz
Mar 22, 2024 (Gmt+09:00)
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ConstructionDaewoo E&C, Kuwaiti banks sign $250 mn loan agreement
Mar 14, 2024 (Gmt+09:00)
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Private equityTmax Group to draw more than $572 mn to buy back Tmaxsoft
Mar 12, 2024 (Gmt+09:00)
1 Min read
MARKETS
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Sovereign bondsEuroclear to trade Korean treasuries via omnibus account
The National Tax Service (NTS) of South Korea said on Tuesday that Euroclear Bank SA/NV and Clearstream Banking S.A., two major clearing houses for securities traded in Europe, will trade Korean treasuries for foreigners via their omnibus accounts at Korea Securities Depository (KSD) from June.NTS said on March 26 that it has approved Brussels-base
Mar 26, 2024 (Gmt+09:00)
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EconomyBTS, Blackpink economy: Korea’s IP rights trade at record surplus
While the economic impact of US singer Taylor Swift is so powerful that pundits coined words like “the Taylor Swift economy,” no less strong is the economic power of South Korean pop artists such as BTS, Blackpink and Twice.According to the Bank of Korea (BOK) on Wednesday, the country’s intellectual property (IP) rights trade pos
Mar 21, 2024 (Gmt+09:00)
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Foreign exchangeKorean investors’ yen savings flirt with record high
South Korean retail investors, hunting for bargains, have flocked to shovel in the Japanese currency hovering around its record low value in anticipation of an end to the Bank of Japan’s eight-year negative rate policy, but their investment return is warned to be lower than expected due to the BOJ's still-dovish stance. According to Bank of K
Mar 19, 2024 (Gmt+09:00)
3 Min read
South Korea may inject some 2 trillion won ($1.5 billion) into Korea Development Bank (KDB) by the end of this month to support the state-run bank's financing plans focused on the chip and secondary battery industries, according to the government on Monday.KDB and other state-owned financial institutes such as Industrial Bank of Korea (IBK) and Kor
Mar 18, 2024 (Gmt+09:00)
CULTURE & TRENDS
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Korean gamesSolo Leveling: Arise, Netmarble’s webtoon game to spur turnaround
Mar 19, 2024 (Gmt+09:00)
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Tech, Media & TelecomIn S.Korea, Instagram thrives while Facebook declines
Mar 19, 2024 (Gmt+09:00)
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PERSPECTIVES
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The KED ViewLabor reform urged in Korea with higher wages than Japan
Mar 18, 2024 (Gmt+09:00)
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The KED ViewDefy convention with long-run plans to upvalue Korean stocks
Feb 23, 2024 (Gmt+09:00)
4 Min read