Fair Trade and Win-win Growth Agreement
Scope
Date
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Food & Beverage
Lotte Wellfood showcases K-Food at Vietnam Foodexpo
South Korea's Lotte Wellfood Co. said on Thursday it participated in Vietnam Foodexpo 2024 to promote Korean food and boost its market share in the ...
Nov 14, 2024 (Gmt+09:00)
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Beauty & Cosmetics
AmorePacific to rebalance China-heavy global business
AmorePacific Corp., South Korea’s No. 1 cosmetics group, will rebalance its China-heavy global business to focus on the US and Europe while lo...
Nov 13, 2024 (Gmt+09:00)
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Fintech
NinjaTrader to revitalize Koreans’ domestic, overseas derivatives investments
NinjaTrader Group LLC., a leading US futures broker, is set to accelerate South Koreans’ investments in overseas derivatives while seeking to ...
Nov 13, 2024 (Gmt+09:00)
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Aerospace & Defense
Korea’s Hanwha wins US Navy MRO deal as Trump seeks deeper shipbuilding ties
Hanwha Ocean Co., South Korea’s third-largest shipbuilder, secured another vessel repair contract from the US Navy, expanding its defense busi...
Nov 12, 2024 (Gmt+09:00)
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Construction
Hyundai E&C wins $725 mn Saudi Arabia HVDC line order
Hyundai Engineering & Construction Co. (Hyundai E&C) said on Tuesday it has bagged a $725 million order to build a power transmission line i...
Nov 12, 2024 (Gmt+09:00)
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Mergers & Acquisitions
MBK Partners tipped to win battle for control of Korea Zinc
A consortium led by North Asia-focused buyout firm MBK Partners edged closer to winning the battle for control of Korea Zinc Inc. against the s...
Nov 12, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Hanwha Ocean wins $51.2 mn deal for two LNG carriers
Hanwha Ocean Co., South Korea’s third-largest shipbuilder, secured a new contract to build two LNG carriers, making it the domestic shipyard w...
Nov 11, 2024 (Gmt+09:00)
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Machinery
HD Hyundai Infracore wins diesel engine award in Italy
South Korea's HD Hyundai Infracore Co.'s new diesel engines were selected as the best diesel engines of the year in Italy.This marks the first time ...
Nov 11, 2024 (Gmt+09:00)
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Tech, Media & Telecom
LG Electronics accelerates foray into private 5G service
LG Electronics Inc.'s push to expand its presence in the burgeoning private 5G network market is poised to gain traction. The South Korean electroni...
Nov 10, 2024 (Gmt+09:00)
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Korean stock market
S.Korean retail investors rush to buy Indian stocks on dips
South Korea's mom-and-pop investors have upped their stake in Indian stocks, hoping that Donald Trump's return to the White House will boost the Sou...
Nov 10, 2024 (Gmt+09:00)
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Aerospace & Defense
Korea’s HD Hyundai, Hanwha fail to win $7.3 bn Australian navy deal
HD Hyundai Heavy Industries Co. and Hanwha Ocean Co. failed to win a $7.3 billion deal to build frigates for the Australian Navy, industry sources a...
Nov 08, 2024 (Gmt+09:00)
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Corporate restructuring
Korean steel giant POSCO to sell Chinese JV PZSS amid US-China trade war
South Korean steel giant POSCO Holdings Inc. is seeking to sell its entire stake in a Chinese stainless steel joint venture as it faces growing comp...
Nov 08, 2024 (Gmt+09:00)
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Korean startups
Big Mobility, Hummingbirds win Chung Ju-yung Startup Competition
The Asan Nanum Foundation selected Big Mobility and Hummingbirds as the top winners of the 13th Chung Ju-yung Startup Competition demo day on Novemb...
Nov 08, 2024 (Gmt+09:00)
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Business & Politics
Allies fret over Trump presidency as authoritarian axis challenges US-led order
Donald Trump is returning to the White House as the world is embroiled in two widening regional wars, America’s rivals are coalescing into a new...
Nov 07, 2024 (Gmt+09:00)
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Shareholder activism
Dalton Investments raises stake in cosmetics ODM Kolmar
Dalton Investments Inc., a US-based activist fund, has secured a 5.02% stake in South Korea’s Kolmar Holdings Co., stoking speculation the wor...
Nov 06, 2024 (Gmt+09:00)
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Korean food
S.Korea's BBQ enters world's most populous market, India
Genesis BBQ Group, the operator of a popular South Korean fried chicken brand, is expanding its market to South Asia by entering India, the world&rs...
Nov 06, 2024 (Gmt+09:00)
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Aerospace & Defense
LIG Nex1, UK’s Babcock sign MOU to develop global MRO market
LIG Nex1 Co., a leading defense systems developer in South Korea, announced on Wednesday that it had signed a comprehensive memorandum of understand...
Nov 06, 2024 (Gmt+09:00)
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Construction & Planning
Hyundai E&C signs engineering deal for two nuclear reactors in Bulgaria
South Korea’s Hyundai Engineering & Construction Co. has signed a nuclear power plant design contract with Bulgaria's state nuclear power ...
Nov 05, 2024 (Gmt+09:00)
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Korean startups
Jay-Z’s Roc Nation to invest $5 mn in S.Korea’s Musicow
US entertainment tycoon Jay-Z’s Roc Nation is expected to invest about $5 million in Musicow Inc., South Korea’s music copyright trading...
Nov 04, 2024 (Gmt+09:00)
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Economy
Korea’s export growth at 7-month low amid growing external risk
South Korea’s export growth slowed to a seven-month low in October despite strong shipments of semiconductors and automobiles, stoking concern...
Nov 01, 2024 (Gmt+09:00)
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Chemical Industry
LG Chem strengthens automotive adhesives biz
South Korea's LG Chem Ltd., the world’s fourth-largest chemical manufacturer, said on Wednesday it will expand into the automotive adhesives m...
Oct 30, 2024 (Gmt+09:00)
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Energy
DS Dansuk wins $750 mn SAF material order from Phillips 66
South Korea's DS Dansuk Co., which operates bioenergy, battery, and plastic recycling businesses, said on Monday it signed a 1 trillion won ($750 mi...
Oct 29, 2024 (Gmt+09:00)
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Economy
Korea’s economy sees slower-than-expected rebound in Q3
South Korea’s economy rebounded slower than central bank expectations in the third quarter on sluggish exports, adding to predictions that the...
Oct 24, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor Group wins Cars.com's 2025 Top Pick EV Awards
Hyundai Motor Group said on Wednesday Hyundai Motor Co. ‘s IONIQ electric vehicles (EVs) and Kia Corp. ‘s EV9 have each been awarded 202...
Oct 23, 2024 (Gmt+09:00)
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Construction
Samsung C&T consortium wins $1.6 bn Turkish highway project
A consortium of Samsung C&T Corp., South Korean state-run firms and a Turkish builder won a $1.6 billion project to build and run a highway in t...
Oct 21, 2024 (Gmt+09:00)
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Construction
Daewoo E&C wins Turkmen mineral fertilizer plant project
South Korea's Daewoo Engineering & Construction Co. (Daewoo E&C) said on Monday that it was selected as the winning bidder for a Mineral Fer...
Oct 21, 2024 (Gmt+09:00)
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Food & Beverage
S.Korea’s No.1 soju maker HiteJinro to foray into global beauty market
HiteJinro Group, South Korea’s No. 1 alcoholic beverage maker with a century-old history, has tapped cosmetics development and production as a...
Oct 18, 2024 (Gmt+09:00)
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Companies
POSCO International wins top award at 2024 Korea IR Awards
South Korea's POSCO International Corp. won the top prize at the 2024 Korea IR Awards, organized by the Korea Investor Relations Service (KIRS), the...
Oct 18, 2024 (Gmt+09:00)
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Corporate strategy
Apparel maker Hansae sets sights on auto parts business as growth driver
HO CHI MINH CITY – South Korean apparel maker Hansae Yes24 Group has set its sights on the auto parts business as a new growth driver to diver...
Oct 16, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
HD Hyundai to build int'l standards for carbon emissions
South Korea's HD Hyundai Marine Solution Co. said on Wednesday that it signed a Life Cycle Assessment (LCA) Agreement with HD Hyundai Samho and the ...
Oct 16, 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