10 days shut down
Scope
Date
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Korean chipmakers
SK Hynix unveils industry’s 1st 10-nanometer DDR5, aims for top spot
SK Hynix Inc., the world’s second-largest memory chipmaker after Samsung Electronics Co., has emerged as the dominant player in the sought-aft...
Aug 29, 2024 (Gmt+09:00)
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Entertainment
Korean IT giants drop fandom platforms, help HYBE dominate
South Korean game developer Neowiz has sold its fan engagement platform unit, joining the moves by local IT giants such as Naver Corp. to pull out o...
Aug 26, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Acquisition loan rates dip to pre-pandemic levels in S.Korea
Interest rates on acquisition financing in South Korea are set to stabilize at the 5% level, rates last seen before COVID-19 swept the world, height...
Aug 15, 2024 (Gmt+09:00)
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Tech, Media & Telecom
SK Telecom releases Liberation Day remastering video
South Korea's SK Telecom Co. restored footage and audio from around the time of the country's liberation in 1945, allowing modern audiences to share...
Aug 14, 2024 (Gmt+09:00)
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Banking & Finance
Samsung’s Monimo set to disrupt Korea’s financial app market
Samsung Group, South Korea’s most powerful business group, is poised to crack the country’s financial app market — now crowded wit...
Aug 14, 2024 (Gmt+09:00)
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KOREA Investment Week
Korea's investment forum KIW 2024 kicks off September 9
South Korea’s largest investment forum Korea Investment Week 2024 (KIW 2024) will kick off next month in Seoul, drawing around 150 leaders fro...
Aug 12, 2024 (Gmt+09:00)
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Korean food
CJ Group to hold K-festa in Vietnam
South Korea's CJ Group announced on Thursday that it will hold a "CJ K-festa" in Vietnam from Aug. 10 to Sept. 1, focusing on food, sports and movie...
Aug 08, 2024 (Gmt+09:00)
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E-commerce
Coupang posts 1st quarterly loss in two years; revenue soars
Coupang Inc., South Korea's e-commerce behemoth, posted its first quarterly loss in two years after booking the hefty fine imposed in relation to it...
Aug 07, 2024 (Gmt+09:00)
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Steel
SIMPAC, Brazil's RIMA to set up ferrosilicon joint venture
SIMPAC Inc., a South Korean ferroalloy producer, said on Monday that it will establish a joint venture with Brazilian silicon alloy manufacturer RIM...
Aug 06, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Korean cosmetics, Amazon Prime Day’s top beauty products
South Korean cosmetics were top picks among beauty products of Amazon Prime members during the global leading e-commerce platform’s largest an...
Aug 02, 2024 (Gmt+09:00)
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Banking & Finance
Woori Financial Group relaunches brokerage arm
Woori Financial Group has returned to South Korea’s brokerage service market after a decade with the launch on Thursday of Woori Investment &a...
Aug 01, 2024 (Gmt+09:00)
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Electronics
Samsung, LG bet big on gaming monitors on esports boom
South Korea’s electronics giants Samsung Electronics Co. and LG Electronics Inc. are gearing up for a fierce battle in the gaming monitor mark...
Jul 30, 2024 (Gmt+09:00)
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Real estate
Seoul prime office deals at 10-year low on rate uncertainty
Prime office transactions in Seoul hit a 10-year low in the second quarter due to delayed fundraising amid uncertainties of the central bank’s...
Jul 24, 2024 (Gmt+09:00)
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Automobiles
Lotte Rental to service Vietnam's individual long-term rental
Lotte Rental Co., South Korea's largest car rental firm, announced on Monday that it will enter Vietnam's individual long-term car rental market in ...
Jul 22, 2024 (Gmt+09:00)
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Automobiles
Chevrolet All New Colorado's initial volume sold out in S.Korea
GM Korea Co., the South Korean unit of US auto giant General Motors Co., announced on Friday that its pickup truck Chevrolet All New Colorado, with ...
Jul 19, 2024 (Gmt+09:00)
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Tech, Media & Telecom
KT introduces 10 GB Combo Internet
South Korea's KT Corp. announced on Wednesday that it introduced Combo Internet technology to its network, enabling the provision of 10-gigabit Inte...
Jul 18, 2024 (Gmt+09:00)
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Batteries
Samsung SDI, Sungkyunkwan Univ. to develop battery engineer
Samsung SDI Co., the world’s sixth-largest electric vehicle cell maker, will establish a Department of Battery Engineering at Sungkyunkwan Uni...
Jul 12, 2024 (Gmt+09:00)
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Samsung Group
Thousands of Samsung Workers Walk Out for Three-Day Strike
Thousands of Samsung Electronics Co. (-0.34% decrease) unionized workers in South Korea walked off job sites Monday as part of a three-day strike, p...
Jul 10, 2024 (Gmt+09:00)
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Bio & Pharma
Lotte Biologics targets $1.1 billion in sales with new bio plants
South Korean biopharmaceutical company Lotte Biologics Co. said on Wednesday it is aiming for 1.5 trillion won ($1.1 billion) in annual sales by 203...
Jul 03, 2024 (Gmt+09:00)
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Food & Beverage
Fried chicken chain bhc adds two more stores in Thailand
South Korean fried chicken chain bhc Chicken announced on Monday that it opened its fifth and sixth stores in Thailand.The number of stores has incr...
Jun 24, 2024 (Gmt+09:00)
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Airlines
South Korea-Japan air travelers soar to 10 mn in first five months
The number of air passengers traveling between South Korea and Japan has surpassed 10 million in the first five months of this year, setting a new r...
Jun 21, 2024 (Gmt+09:00)
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Insurance
Kyobo Life gets Moody's A1 credit rating for 10 consecutive years
South Korea's Kyobo Life Insurance Co. announced on Tuesday that it has received an A1 (stable) insurance financial strength rating from Moody's Rat...
Jun 18, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Korea issues $10.75 bn in refund guarantees to shipbuilders
South Korean banks and state-run financial institutions will issue $10.75 billion worth of refund guarantees (RGs) to domestic shipbuilders, which t...
Jun 17, 2024 (Gmt+09:00)
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Airlines
Asiana's cargo unit to be sold for $362 mn to Air Incheon
South Korean flag carrier Korean Air Lines Co. has tapped Air Incheon, a local airline dedicated to cargo business, as the preferred bidder to acqui...
Jun 14, 2024 (Gmt+09:00)
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Artificial intelligence
SK Telecom invests $10 mn in Perplexity
South Korea's SK Telecom Co. announced on Thursday that it invested $10 million in Perplexity, the US-based generative artificial intelligence (AI) ...
Jun 13, 2024 (Gmt+09:00)
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Banking & Finance
KB Securities sees wealth management assets surpass $43.6 bn
South Korea's KB Securities announced on Wednesday that its wealth management assets surpassed 60 trillion won ($43.6 billion) this month.This is fi...
Jun 12, 2024 (Gmt+09:00)
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Electric vehicles
Hyundai Transys to export EV drive systems to CEER
Hyundai Transys Inc., an auto parts affiliate of Hyundai Motor Group, announced on Wednesday that it signed a contract to supply a 3 trillion won ($...
Jun 12, 2024 (Gmt+09:00)
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Food & Beverage
Mom's Touch opens new flagship store in Myeongdong
South Korean homegrown burger and chicken brand Mom's Touch & Co. announced on Tuesday that it opened a new flagship store in Myeongdong, Jung-g...
Jun 11, 2024 (Gmt+09:00)
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Private equity
France's Archimed seeks to delist aesthetic laser maker Jeisys
French private equity firm Archimed SAS, managing around €7 billion ($7.5 billion) in assets as of end-May, plans to secure a controlling stake...
Jun 10, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Monalisa, Ssangyong C&B sold to Indonesia's APP
South Korea's hygiene products company Monalisa and Ssangyong C&B, known for its toilet paper brand Codi, will be sold to Indonesia's paper comp...
Jun 05, 2024 (Gmt+09:00)
Latest News
- 1 Seoul appeal: Korean art captivates Indonesia’s affluent connoisseurs
- 2 CJ CheilJedang scraps $3.5 bn green bio sale, shifts gears to expansion
- 3 Trump Jr. meets Korean business chiefs in back-to-back sessions
- 4 Samsung in talks to supply customized HBM4 to Nvidia, Broadcom, Google
- 5 Kookmin Bank raises $700 mn in forex bonds amid strong demand