EV 3.5
Scope
Date
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Korean stock market
Foreign appetite for Korean stocks wanes with $5.5 bn in September sales
Foreign investors' appetite for South Korean stocks turned sour with sales of 7.36 trillion won ($5.5 billion) worth of shares on the Korean bourse ...
Oct 11, 2024 (Gmt+09:00)
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Corporate strategy
Samsung retains No. 5, Hyundai climbs to No. 30 global brand
Samsung Electronics Co., South Korea’s most valuable company in terms of market capitalization, saw its brand value top $100 billion for the f...
Oct 10, 2024 (Gmt+09:00)
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Entertainment
Shinsegae, Paramount to build $3.39 billion theme park complex in S.Korea
South Korea’s retail giant Shinsegae Group said on Thursday it has partnered with US media group Paramount Global on a 4.57 trillion won ($3.3...
Oct 10, 2024 (Gmt+09:00)
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Electronics
LG Electronics doubles down on B2B business
LG Electronics Inc., a leading South Korean home appliance maker seeking to transform into a platform company, aims to double sales of its Business ...
Oct 10, 2024 (Gmt+09:00)
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IPOs
Hyundai to launch India’s largest $3.3 bn IPO next week
Hyundai Motor Co.'s Indian subsidiary said on Wednesday it is set to launch its initial public offering, the largest listing in the country, next we...
Oct 10, 2024 (Gmt+09:00)
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Batteries
LG Energy to supply EV batteries to Mercedes-Benz in N.America
LG Energy Solution Ltd., the world’s third-largest electric vehicle battery manufacturer, is set to supply cells to Mercedes-Benz AG, a German...
Oct 08, 2024 (Gmt+09:00)
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Batteries
LG Energy aims to more than double sales to $50 billion by 2028
LG Energy Solution Ltd. has vowed to more than double its sales in five years to 67 trillion won ($50 billion) by diversifying its battery products ...
Oct 07, 2024 (Gmt+09:00)
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Banking & Finance
Hanwha Securities buys 5.4% stake in Edinburgh Airport
Hanwha Investment & Securities said on Monday that it acquired a stake in Edinburgh Airport in Scotland.Edinburgh Airport is jointly owned by Gl...
Oct 07, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor Group’s software unit launches cybersecurity division
Hyundai AutoEver Corp., Hyundai Motor Group’s software unit, is set to boost its automotive cybersecurity business by launching a new division...
Oct 07, 2024 (Gmt+09:00)
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Electric vehicles
Hyundai, Kia’s H1 vehicle sales in Singapore double
South Korea’s top automaker Hyundai Motor Group said on Sunday its vehicle sales in Singapore, a high-tech innovation hub, more than doubled i...
Oct 06, 2024 (Gmt+09:00)
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Artificial intelligence
AI startup MarqVision raises $16.5 mn to close Series A round
MarqVision Inc., a startup developing an artificial intelligence-powered intellectual property (IP) protection platform, raised 22 billion won ($16....
Oct 04, 2024 (Gmt+09:00)
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Korean startups
Two out of 5 CEOs hold negative views on Korean startup scene
Nearly half of South Korean startups hold negative views on the country’s startup ecosystem, citing the prolonged startup funding winter and t...
Oct 04, 2024 (Gmt+09:00)
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Batteries
Solus signs incentive agreement with Quebec
Solus Advanced Materials, a South Korean copper foil supplier, said on Friday that its overseas subsidiary Volta Energy Solutions Canada signed an i...
Oct 04, 2024 (Gmt+09:00)
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Electric vehicles
Hyundai Mobis to mass-produce parts to double EV charging speed
UIWANG, Gyeonggi Province – Hyundai Mobis Co., the world’s fifth-largest auto parts maker, plans to mass-produce a component that double...
Oct 04, 2024 (Gmt+09:00)
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Energy
SK Enmove, SQM ink supply deal for refrigerant material iodine
SK Enmove Co. a lubricant-producing arm of SK Innovation Co., said on Thursday that it has signed a preliminary agreement to buy iodine from Socieda...
Oct 03, 2024 (Gmt+09:00)
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Leadership & Management
SK Group may beef up reform drive after CEO seminar
South Korea’s energy-to-telecom conglomerate SK Group will hold an annual strategic meeting presided over by its Chairman Chey Tae-won from Oc...
Oct 03, 2024 (Gmt+09:00)
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Automobiles
Hyundai, Kia’s September US sales fall; hybrids buck weak sales trend
South Korea’s Hyundai Motor Co. and its sister firm Kia Corp. saw their US sales decline last month due to fewer selling days and weak market ...
Oct 02, 2024 (Gmt+09:00)
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Pension funds
S.Korea’s NPS investment arm suffers from chronic understaffing
South Korea’s largest institutional investor, the National Pension Service (NPS), managing 1,150 trillion won ($870.6 billion) in assets, stru...
Oct 02, 2024 (Gmt+09:00)
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Batteries
LG Chem develops material blocking battery thermal runaway
LG Chem Ltd. has developed a material that can prevent thermal runaway in a lithium-ion battery, one of the major hurdles to the expansion of the el...
Oct 01, 2024 (Gmt+09:00)
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Research & Development
S.Korea to offer incentives to attract foreign scientists
South Korea will offer incentives including a 50% income tax cut to attract foreign scientists to develop new growth drivers such as artificial inte...
Sep 29, 2024 (Gmt+09:00)
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Electric vehicles
Kia to mass-produce EVs at Hyundai Motor Group’s 1st dedicated plant
Kia Corp., an automaker of Hyundai Motor Group, is poised to start mass production of electric vehicles at the global No. 3 carmaker’s first p...
Sep 27, 2024 (Gmt+09:00)
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Electronics
LG Display ends large LCD business with plant sale to CSOT
South Korea’s leading display maker LG Display Co. is gearing up its transition into a leading organic light-emitting diode (OLED) panel maker...
Sep 26, 2024 (Gmt+09:00)
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Automobiles
Hyundai to develop unmanned robot for EV fire suppression
Hyundai Motor Group said on Thursday that it plans to jointly develop the unmanned firefighting robot vehicle with the South Korean National Fire Ag...
Sep 26, 2024 (Gmt+09:00)
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Batteries
LG Energy Solution tops EV battery quality in China
South Korea's LG Energy Solution Ltd. was selected as the top company for battery quality in China, surpassing Chinese battery manufacturers CATL an...
Sep 26, 2024 (Gmt+09:00)
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Batteries
SK On to cut jobs for first time amid sustained EV weakness
SK On Co., the world’s fifth-largest electric vehicle battery maker, plans to cut its workforce with the company’s first voluntary retir...
Sep 26, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor eyes EV battery production from 2027
Hyundai Motor Co. is preparing to build its first electric vehicle battery production lines by around 2027, taking its first step to internalize bat...
Sep 24, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor releases 2025 IONIQ 5 N
Hyundai Motor Co. said on Tuesday that it released the model year of its high-performance electric vehicle (EV) the 2025 IONIQ 5 N.The 2025 IONIQ 5 ...
Sep 24, 2024 (Gmt+09:00)
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Corporate strategy
Hyundai's Chung to nurture Czech plant as hub for eco-friendly mobility
Hyundai Motor Co. Executive Chairman Chung Euisun has vowed to turn the South Korean automotive conglomerate’s plant in the Czech Republic int...
Sep 22, 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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Corporate strategy
Hyundai Motor cuts 2030 sales goals as EV chasm likely protracted
South Korean top automaker Hyundai Motor Co. has slashed its long-term vehicle sales targets by 6% as it prepares for aggressive marketing by Chines...
Sep 19, 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