Alpha 8 Processor
Scope
Date
~
-
Asset management
Samsung Asset Management's bond-type ETF assets exceed $7.9 billion
Investment in South Korea is pouring into bond-type exchange-traded funds (ETFs) under the anticipation that interest rate hikes end this year. Such...
Feb 10, 2023 (Gmt+09:00)
-
Automobiles
Electric vehicles in S.Korea beat diesel cars in sales
Sales of electric vehicles (EVs) in South Korea last year including hybrids surpassed those of diesel cars for the first time due to the price of di...
Feb 10, 2023 (Gmt+09:00)
-
K-pop
BTS label HYBE seeks takeover of K-pop pioneer SM Entertainment
HYBE Co., the music label behind K-pop sensation BTS, is poised to acquire a controlling stake in its South Korean rival SM Entertainment Co. with m...
Feb 10, 2023 (Gmt+09:00)
-
The Deep Dive
S.Korea’s love of luxury ushers in 3rd wave of bling boom
Global luxury brands from Louis Vuitton to Chanel and Thom Browne are readying themselves for a third wave of the luxury boom in South Korea, where ...
Feb 09, 2023 (Gmt+09:00)
-
Economy
Korea returns to current account surplus in Dec but faces export slump
South Korea’s current account balance returned to the black in December from the previous month mainly thanks to gains in dividend payments bu...
Feb 08, 2023 (Gmt+09:00)
-
Foreign exchange
S.Korea-Australia renew $8.1 bn currency swap deal for 5 years
The Bank of Korea (BOK) and the Australian Central Bank have agreed to extend the valid date of the current Australian dollar/won currency swap cont...
Feb 07, 2023 (Gmt+09:00)
-
Electronics
Samsung unveils Galaxy S23 with better camera, processor
SAN FRANCISCO – Samsung Electronics Co., the world’s top smartphone maker, unveiled on Wednesday its flagship Galaxy S23 series equipped...
Feb 02, 2023 (Gmt+09:00)
-
Tech, Media & Telecom
KISA launches ASEAN Cyber Shield project for strengthening cyber security
The Korea Internet & Security Agency (KISA) on Monday has announced the launch of the "ASEAN Cyber Shield" project, a major international cooper...
Jan 31, 2023 (Gmt+09:00)
-
Construction
LS Electric builds rail signal system in Taiwan for $39.8 million
South Korea's LS Electric Co. on Friday said the Railway Bureau of the Taiwanese Ministry of Transportation and Communications named the company the...
Jan 27, 2023 (Gmt+09:00)
-
Earnings
Hyundai vows $8.5 billion investment after record 2022 sales, profit
South Korea’s top automaker Hyundai Motor Co. said on Thursday it will spend 10.5 trillion won ($8.5 billion) this year to ramp up facilities ...
Jan 26, 2023 (Gmt+09:00)
-
Korean startups
S.Korea's waste recycler ReCo lands $11.8 million in investment
South Korea's startup ReCo, which runs the comprehensive waste collection and transportation service UpBox, on Wednesday said it attracted Series B ...
Jan 25, 2023 (Gmt+09:00)
-
Economy
25% of lottery ticket buyers in S.Korea play every week
One in four buyers of lottery tickets in South Korea over the past year tried their luck every week.The Ministry of Strategy and Finance on Tuesday ...
Jan 25, 2023 (Gmt+09:00)
-
K-pop
Genie's overseas sales of music sources surge with K-pop boom
Genie Music Corp., a music content distributor of South Korean telecommunication giant KT Corp., said on Jan. 19 that its overseas sales of music so...
Jan 19, 2023 (Gmt+09:00)
-
Batteries
SK On, graphite processor Urbix to jointly produce anode materials
South Korea's SK On Co. and US graphite processor Urbix Inc. have signed an agreement to jointly develop high-performance anode materials, Korea's l...
Jan 19, 2023 (Gmt+09:00)
-
Korean startups
Medical platform operator Integration raises $8 mn in Series B funding
Integration Inc., which operates specialized platforms for medical personnel such as Traditional Korean Medicine doctors and dentists, has raised 10...
Jan 17, 2023 (Gmt+09:00)
-
Metaverse
Caliverse, KT Alpha join hands to add K-pop to metaverse
Caliverse, a subsidiary of Lotte Data Communication, said on Thursday that it has signed an agreement to expand the range of immersive metaverse con...
Jan 05, 2023 (Gmt+09:00)
-
Batteries
EcoPro Group nearly doubles sales target to $7.8 billion this year
South Korea's EcoPro Group has set its sales target this year at 10 trillion won ($7.8 billion), nearly double that of last year, under a strategy t...
Jan 05, 2023 (Gmt+09:00)
-
Electronics
SFA signs display equipment deal with China's Tianma Microelectronics
SFA Engineering Corp., South Korea's largest manufacturer of display manufacturing equipment, on Wednesday said it landed an order worth 142.1 billi...
Jan 04, 2023 (Gmt+09:00)
-
Pension funds
Korea’s NPS to be in red in 2022 with 5.3% loss in Jan-Oct
South Korea’s National Pension Service (NPS), the world’s third-largest such fund, is poised to report an annual loss in 2022 for the fi...
Jan 01, 2023 (Gmt+09:00)
-
Korean startups
KT Investment injects $27.8 million in 20 startups this year
KT Investment said on Thursday that it invested 35 billion won ($27.8 million) in 20 startups this past year, and that six invested companies succee...
Dec 30, 2022 (Gmt+09:00)
-
Korean chipmakers
Rep. Yang Hyang-ja criticizes 8% tax cut for chipmakers as step backward
South Korean politician Yang Hyang-ja, a Samsung Electronics Co. executive-turned-lawmaker, criticized her fellow lawmakers' decision to raise the p...
Dec 23, 2022 (Gmt+09:00)
-
Korean stock market
Korean holding firms likely to post bigger dividend payouts in 2022
South Korea's major holding companies are expected to set higher dividends per share (DPS) at end-2022 than in previous years, a Samsung Securi...
Dec 20, 2022 (Gmt+09:00)
-
Mergers & Acquisitions
Truston Asset looks to help run Taekwang with 5.8% stake
South Korea's Truston Asset Management has changed the purpose of its stock investment in the chemical and textile company Taekwang Industrial Co. f...
Dec 16, 2022 (Gmt+09:00)
-
Shipping & Shipbuilding
KSOE joins race to buy marine engine maker STX Heavy Industries
Korea Shipbuilding & Offshore Engineering Co. (KSOE) has joined the race to acquire South Korean marine engine and equipment maker STX Heavy Ind...
Dec 15, 2022 (Gmt+09:00)
-
Food & Beverage
S. Korea fosters 30 food tech unicorns within next 5 years
The Korean government by 2027 seeks to develop 30 food tech unicorns and boost exports in this sector to $2 billion through stronger support for the...
Dec 14, 2022 (Gmt+09:00)
-
Food & Beverage
Korea's agro-food exports set record of $8 billion in 11 months this year
Korea's exports of agricultural and food products in the first 11 months of this year hit a record high.The Ministry of Agriculture, Food and Rural ...
Dec 05, 2022 (Gmt+09:00)
-
Private debt
MBK joins acquisition of $1.3 bn debts in Marelli from KKR
MBK Partners Ltd., alongside Deutsche Bank AG and other four investment firms, has acquired $1.3 billion worth of distressed debts in auto-parts sup...
Dec 04, 2022 (Gmt+09:00)
-
Machinery
LS Cable & System Asia expands cable production capacity in Vietnam
LS Cable & System Asia said on Thursday that it has invested 6.8 billion won in its Vietnamese subsidiary LS Cable & System Vietnam to compl...
Dec 01, 2022 (Gmt+09:00)
-
Food & Beverage
Jeju Samdasoo enters India, ships 45 tons of mineral water
South Korea’s leading bottled mineral water brand Jeju Samdasoo has begun exports to India, shipping 45 tons of the water there from the resor...
Dec 01, 2022 (Gmt+09:00)
-
Pension funds
NPS posts 7% investment loss in Q1-Q3 as equities, bonds plunge
National Pension Service (NPS) of South Korea said Tuesday it saw a cumulative loss of 7.1% on investment, or 68 trillion won ($51.3 billion), betwe...
Nov 29, 2022 (Gmt+09:00)