Daesung Group Partners
Scope
Date
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K-pop
Aespa to release its new album ‘Whiplash’ in October
K-pop girl group aespa is aiming to follow up its hit song “Supernova” with a string of hits with its new album “Whiplash."Managem...
Sep 23, 2024 (Gmt+09:00)
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Tech, Media & Telecom
Hyundai Motor Group becomes KT's largest shareholder
Hyundai Motor Group has officially become the largest shareholder of South Korea's major telecommunications company KT Corp., following a public int...
Sep 20, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Korea Zinc teams up with brokerage firm to counter MBK
Korea Zinc Inc. Chair Choi Yun-birm has joined hands with a major local securities firm in a counterattack against MBK Partners Ltd. and the company...
Sep 19, 2024 (Gmt+09:00)
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Food & Beverage
Lotte Home Shopping, Asahi to cooperate on health functional food biz
South Korea's Lotte Home Shopping signed an exclusive agreement with Japan's Asahi Group Foods to supply and sell health functional food ingredients...
Sep 12, 2024 (Gmt+09:00)
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Aerospace & Defense
Hanwha Systems, WB Group to collaborate on SAR satellites
South Korea's Hanwha Systems Co. said on Monday that it signed a mid- to long-term business cooperation memorandum of understanding (MOU) for space ...
Sep 09, 2024 (Gmt+09:00)
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Korean chipmakers
Tokyo Electron: Chip machinery giant with ‘tireless animal spirit’
TOKYO – In the 1980s, Japanese chipmakers dominated the world’s semiconductor industry.Companies like NEC, Toshiba, Fujitsu and Mitsubis...
Sep 09, 2024 (Gmt+09:00)
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Corporate strategy
Lotte to foster Pepero as global brand by 2035: Chairman Shin
Lotte Group has selected Pepero — a thin chocolate-covered stick cookie — as the first brand that it will foster into one of the world&r...
Sep 08, 2024 (Gmt+09:00)
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Robotics
Hoban partners with Kakao, Bear Robotics for robot-based services
Hoban Construction Ltd. announced on Friday that it has signed a business agreement (MOU) with Kakao Mobility and Bear Robotics to standardize the o...
Sep 06, 2024 (Gmt+09:00)
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ESG
LG Group publishes 2023 ESG Report
LG Group announced on Thursday that it has published the "2023 ESG Report," detailing its sustainability management achievements in 2023 and its fut...
Sep 05, 2024 (Gmt+09:00)
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Artificial intelligence
SK Telecom partners with Perplexity to level up conversational search
South Korea's largest telecom company SK Telecom Co. will enhance its conversational search services through a partnership with US AI search startup...
Sep 05, 2024 (Gmt+09:00)
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Aerospace & Defense
Hanwha signs MOU with WB Group for $2 bn Polish submarine project bid
Hanwha Ocean Co. said on Wednesday it has signed an initial agreement on business cooperation with Polish defense firm WB Group to raise its chances...
Sep 04, 2024 (Gmt+09:00)
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Business & Politics
Hyundai Motor Group to nurture young talent in Indonesia
Hyundai Motor Group said on Wednesday that it held the inaugural ceremony for the first cohort of H-Jump School Indonesia in Jakarta, Indonesia, the...
Sep 04, 2024 (Gmt+09:00)
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Artificial intelligence
Samsung SDS AI service FabriX to launch on Microsoft Azure platform
Samsung SDS Co., the information technology service unit of Samsung Group, said on Tuesday it plans to launch its AI service FabriX on Microsoft Cor...
Sep 03, 2024 (Gmt+09:00)
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K-pop
NewJeans surpasses 5 billion cumulative Spotify streams
K-pop girl group NewJeans has surpassed five billion combined streams on Spotify, the world's largest music platform, its agency, Adore, announced o...
Sep 02, 2024 (Gmt+09:00)
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Bio & Pharma
SK Group’s 3rd-generation daughter comes to the fore
Chey Yoon-chung, the eldest daughter of SK Group Chairman Chey Tae-won, unexpectedly made her debut during an SK Biopharmaceuticals Co. video confer...
Aug 30, 2024 (Gmt+09:00)
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Private equity
MBK Partners’ sale of Homeplus Express hits snag over valuation gap
MBK Partners’ planned sale of Homeplus Express, the supermarket chain of South Korean hypermarket operator Homeplus, has hit a snag as potenti...
Aug 30, 2024 (Gmt+09:00)
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Companies
Hyundai Mobis showcases 42 new techs utilizing AI, VR
South Korea's Hyundai Mobis Co. said on Thursday that it held the M-Sphere 2024 exhibition at its Uiwang Research Center in Gyeonggi Province from...
Aug 29, 2024 (Gmt+09:00)
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Tech, Media & Telecom
One Store vows to crack Apple, Google-led app market with localization
One Store Co., South Korea’s homegrown app marketplace, will take on Apple Inc. and Google LLC in the global app market by offering tailored s...
Aug 28, 2024 (Gmt+09:00)
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Corporate restructuring
POSCO to sell entire stake in P&O Chemical to OCI
POSCO Future M Co., a battery materials affiliate of South Korean steel giant POSCO Holdings Inc., will sell its entire stake in P&O Chemical Co...
Aug 25, 2024 (Gmt+09:00)
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Private equity
Korea’s Tmax Group buys back software developer for $612 mn
South Korea’s Tmax Group bought back the software making unit it had sold to a local private equity firm two years ago to try to boost synergy...
Aug 23, 2024 (Gmt+09:00)
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Chemical Industry
Lotte Fine Chemical, JEFA to collaborate on clean ammonia value chain
Lotte Fine Chemical Co., a subsidiary of South Korea's Lotte Chemical Corp., said on Friday that it signed a Clean Ammonia Value Chain Agreement (JC...
Aug 23, 2024 (Gmt+09:00)
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Pension funds
NPS to veto SK Innovation’s merger with LNG affiliate
South Korea’s National Pension Service (NPS), manager of the world’s third-largest public pension fund, said on Thursday it is set to ve...
Aug 23, 2024 (Gmt+09:00)
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Corporate strategy
AI-driven shifts will unlock opportunities: SK Chairman
Challenges are ahead but the artificial intelligence industry will eventually boom, opening new markets, said South Korea’s second-largest bus...
Aug 22, 2024 (Gmt+09:00)
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Future mobility
Kakao Mobility introduces robot delivery at Resom Resort
South Korea's Kakao Mobility announced on Wednesday that it partnered with Hoban Hotels & Resorts to operate the robot delivery service Bring at...
Aug 21, 2024 (Gmt+09:00)
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Artificial intelligence
Korea’s Mirae Asset to open AI business unit in New York
Mirae Asset Group, the pioneer in South Korea’s mutual fund industry, plans to set up an artificial intelligence business unit in New York as ...
Aug 20, 2024 (Gmt+09:00)
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Aerospace & Defense
KAI, TAI ink deal to boost T-50TH support
Korea Aerospace Industries Ltd. (KAI) signed a memorandum of understanding (MOU) with Thai Aviation Industries (TAI), Thailand's state-owned aircraf...
Aug 20, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Fashion ODM Pond Group buys K-beauty retailer Most
Pond Group, a South Korean original design manufacturing (ODM) clothing company, said on Monday it has acquired Most Inc., a domestic beauty product...
Aug 19, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Tighter emissions rules boost HD Hyundai Marine margin
HD Hyundai Marine Solution Co., a ship parts manufacturing and after-sales service company, has reported the highest-ever operating profit margin in...
Aug 19, 2024 (Gmt+09:00)
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Banking & Finance
Samsung's financial arms beat No.1 banking group KB in profit
Samsung Group's financial services business has overtaken South Korea's No. 1 banking group KB Financial Group in terms of net profit, posing a thre...
Aug 16, 2024 (Gmt+09:00)
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Electric vehicles
Mercedes, BMW, Audi, VW offer deep discounts amid EV phobia in Korea
Imported vehicle dealers in South Korea are offering deep price cuts amid the growing electric vehicle phobia following a Mercedes-Benz EV blaze tha...
Aug 12, 2024 (Gmt+09:00)
Latest News
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