China property crisis
Scope
Date
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Airlines
Korean Air to launch Incheon-Macau route in July
Korean Air Lines Co., the leading full-service airline in South Korea, announced on Friday that it will launch flights on the Incheon-Macau route st...
Apr 26, 2024 (Gmt+09:00)
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Electric vehicles
Hyundai Motor ties up with CATL to reinvigorate China market with EVs
BEIJING -- Hyundai Motor Co., South Korea’s top carmaker, has joined hands with Contemporary Amperex Technology Co. (CATL), the leading global...
Apr 25, 2024 (Gmt+09:00)
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Tech, Media & Telecom
Samsung launches Galaxy C55 5G in China
Samsung Electronics Co. has launched the Galaxy C55 5G, a budget-friendly smartphone series designed specifically for the Chinese market, marking th...
Apr 25, 2024 (Gmt+09:00)
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Korean games
Korea’s Smilegate unveils new RPG Chaos Zero Nightmare
Smilegate, the South Korean developer of the world’s top first-person shooter game Crossfire, on Monday unveiled a teaser for an upcoming role...
Apr 22, 2024 (Gmt+09:00)
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Entertainment
Korean theme parks recover to near pre-pandemic levels
Everland and Lotte World, South Korea’s two largest theme parks, posted their highest-ever profits in 2023, recovering from the COVID-19 pande...
Apr 22, 2024 (Gmt+09:00)
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Automobiles
Kia to bring 1st hybrid variant of subcompact SUV Sonet to Japan, China
Kia Corp., South Korea’s second-largest automaker, plans to aggressively expand its hybrid vehicle lineup to subcompact SUVs amid slower-than-...
Apr 18, 2024 (Gmt+09:00)
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Banking & Finance
Foreign banks expand Korean operations amid China’s slowdown
Major foreign banks have actively increased staff at their operations in South Korea to offset growing uncertainty in their business in China, grapp...
Apr 18, 2024 (Gmt+09:00)
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Corporate strategy
Samsung shifts to emergency mode with 6-day work week for executives
Executives at all Samsung Group units will work six days a week from as early as this week in a shift to emergency mode. The move comes as the won's...
Apr 18, 2024 (Gmt+09:00)
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Batteries
LG Chem, Korea Zinc JV to mass-produce EV battery materials
A joint venture between LG Chem Ltd. and Korea Zinc Inc. is slated to start the mass production of precursor, a key electric vehicle battery materia...
Apr 17, 2024 (Gmt+09:00)
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Banking & Finance
S.Korea asks savings banks to raise capital to avoid crisis
South Korea’s top financial regulator advised about 10 local savings banks in trouble to increase their capital by the end of this month to pr...
Apr 15, 2024 (Gmt+09:00)
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Food & Beverage
Korea’s Orion to ship bottled water to China to challenge Evian
Orion Holdings Corp., the holding company of South Korea’s confectionary and snack maker Orion Corp., is set to export bottled water to China,...
Apr 12, 2024 (Gmt+09:00)
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Electric vehicles
Kia to enter emerging markets with its latest EV5 made in China
Kia Corp., South Korea’s second-largest automaker, plans to enhance its presence in emerging markets with the EV5 compact SUV, the company&rsq...
Apr 10, 2024 (Gmt+09:00)
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K-pop
K-pop giants poised for rebound with new fandom, rookies
K-pop companies, led by HYBE Co. and SM Entertainment Co., are gearing up for a rebound from poor performances in the first quarter, with the releas...
Apr 09, 2024 (Gmt+09:00)
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Electric vehicles
Kia to boost hybrid lineup to lead eco-friendly car market
Kia Corp., South Korea’s second-largest automaker, plans to strengthen its hybrid lineup and launch cheaper electric vehicles to lead the glob...
Apr 05, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Korea reclaims crown from China as world’s top shipbuilder
South Korea reclaimed the crown from the Chinese as the world’s largest shipbuilder after three years last quarter, sweeping global orders for...
Apr 03, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
HMM, SIPG to cooperate on eco-friendly fuel
South Korea’s major ocean carrier HMM Co. announced on Wednesday that it signed a Shanghai Port Clean Marine Fuel memorandum of understanding ...
Apr 03, 2024 (Gmt+09:00)
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Executive reshuffles
Korea’s Shinsegae replaces building unit chief amid property downturn
South Korea’s retail giant Shinsegae Group on Tuesday replaced the head of its construction unit amid the sluggish property market, adding to ...
Apr 02, 2024 (Gmt+09:00)
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Fashion
LF’s fashion brand Dunst teams up with E-Land for China push
South Korean clothing company LF Corp. said on Monday that its street fashion brand Dunst will build an offline presence in China in partnership wit...
Apr 01, 2024 (Gmt+09:00)
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Batteries
Doosan joins hands with China’s CNGR for battery recycling
South Korea’s plant and machinery powerhouse Doosan Group has teamed up with China’s CNGR Advanced Material Co. to expand its electric v...
Mar 29, 2024 (Gmt+09:00)
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Automobiles
Kia taps ex-BMW, Mercedes-Benz designers for China, Europe
Kia Corp., South Korea’s No. 2 automaker, has appointed former designers of German luxury carmakers BMW AG and Mercedes-Benz AG as chiefs of i...
Mar 26, 2024 (Gmt+09:00)
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Earnings
Weak property market cuts into Korean securities firms’ profits
dd South Korea’s securities firms suffered a 20% fall in overall net profit last year hurt by the weak property market, adding to bearish vie...
Mar 25, 2024 (Gmt+09:00)
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Business & Politics
China exodus to elevate Korea to Asia hub: AmCham chief
South Korea has outstripped Hong Kong and Shanghai as a preferred Asia-Pacific headquarters destination for global companies, trailing only Singapor...
Mar 19, 2024 (Gmt+09:00)
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Commodities
Korea struggles with surging copper scrap exports to China
South Korea’s nonferrous metal industry is scrambling for the procurement of copper scrap as China, the world’s top copper consumer, has...
Mar 18, 2024 (Gmt+09:00)
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The Deep Dive
Korea faces apple crisis amid climate, demographic change
Apples, normally among the most common and available fruit, are poised to be a rarity in South Korea, where people are suffering a so-called “...
Mar 14, 2024 (Gmt+09:00)
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Regulations
South Korea gets tough with Chinese platforms AliExpress, Temu, Shein
South Korea plans to introduce a get-tough e-commerce policy on Chinese platforms such as AliExpress, Temu and Shein amid increasing complaints abou...
Mar 13, 2024 (Gmt+09:00)
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Electric vehicles
POSCO Int’l wins $9 bn permanent magnet orders from US, Europe
POSCO International Corp. has bagged deals worth nearly 1.2 trillion won ($9 billion) in total to deliver permanent magnets to finished carmakers in...
Mar 12, 2024 (Gmt+09:00)
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Real estate
Korean real estate firms put up for sale amid lasting market downturn
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...
Mar 12, 2024 (Gmt+09:00)
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Retail
Coupang launches direct purchase service to Japan
Coupang Inc., South Korea's leading e-commerce platform, announced on Monday that it is expanding its overseas direct purchase service, "Rocket Jikg...
Mar 11, 2024 (Gmt+09:00)
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Mergers & Acquisitions
South Korea’s Daesang retracts bid to acquire China’s Chengfu Food
South Korea’s food giant Daesang Corp. has retracted its bid to acquire a controlling stake in China’s leading food additives maker Heil...
Mar 08, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Korea reclaims top spot in global shipbuilding orders in February
South Korean shipbuilders reclaimed the global No. 1 position in new orders last month for the first time since October 2023, according to data by U...
Mar 06, 2024 (Gmt+09:00)
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