K-2 tanks
Scope
Date
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Automobiles
Hyundai, Kia's European sales reach 79,000 units in February
Hyundai Motor Co. and Kia Corp. reported a 2.3% rise in European sales in February, selling a combined total of 79,130 vehicles, according to data f...
Mar 22, 2024 (Gmt+09:00)
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Beauty & Cosmetics
CJ Olive Young beats Amorepacific to become K-beauty king
CJ Olive Young Corp., South Korea’s top beauty store chain, took the throne in the domestic cosmetics market last year, beating industry giant...
Mar 22, 2024 (Gmt+09:00)
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Korean startups
S.Korea's drone market set for takeoff, led by startups
Starting in May, drones, not boats, will deliver parcels and even fried chicken to residents living on some of South Korea's remote islands unreacha...
Mar 21, 2024 (Gmt+09:00)
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E-commerce
AliExpress sells top K-food maker’s products in S.Korea
AliExpress, an e-commerce arm of China’s Alibaba Group, on Thursday started selling products of CJ CheilJedang Corp., South Korea’s top ...
Mar 08, 2024 (Gmt+09:00)
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Steel
Hyundai Steel to resume steel production in Russia
South Korea’s Hyundai Steel Co. is expected to resume steel production in Russia two years after it took its plant offline in the country amid...
Mar 06, 2024 (Gmt+09:00)
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Banking & Finance
JPMorgan Chase’s growth driver: offline community branches
NEW YORK -- Global banking giant JPMorgan Chase & Co. has been expanding brick-and-mortar branches across the US with investments of billions of...
Mar 06, 2024 (Gmt+09:00)
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Electronics
New iPad Pro to feature Samsung, LG OLED screens
South Korea’s two leading display makers Samsung Display Co. and LG Display Co. are said to have been chosen by Apple Inc. to supply all the 8.5...
Mar 05, 2024 (Gmt+09:00)
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Automobiles
No end in sight to Audi’s downfall in South Korea
Audi AG, once considered one of the top three German premium auto brands in South Korea, seems to have lost its charm among Korean consumers. Its sh...
Mar 04, 2024 (Gmt+09:00)
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Korean stock market
NPS to invest up to $8.2 bn in undervalued Korean stocks
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, is expected to invest up to 11 trillion won ($8.2 ...
Mar 01, 2024 (Gmt+09:00)
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Korean chipmakers
Hana Micron to develop 2.5D packaging for Nvidia’s H100 AI chip: CEO
With burgeoning demand for high-performance artificial intelligence chips, back-end process technology, which assembles various semiconductors and t...
Feb 29, 2024 (Gmt+09:00)
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Food & Beverage
S.Korean ramyun exports increase by 40% in January
South Korea's ramyun(instant noodles) exports increased 39.4% year-over-year to $86 million in January, according to the Korea Customs Service. Th...
Feb 29, 2024 (Gmt+09:00)
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Artificial intelligence
Upstage releases Solar API for Free
South Korea’s artificial intelligence (AI) startup Upstage announced on Feb. 22 that it released the beta version of its open-source small lan...
Feb 23, 2024 (Gmt+09:00)
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Central bank
BOK likely to keep base rate unchanged until June: chief
South Korea’s central bank held its policy rate flat at 3.5% for a ninth straight session on Thursday as it was deemed too early for a rate cu...
Feb 22, 2024 (Gmt+09:00)
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Tech, Media & Telecom
Studio Meta-K, Vietnam’s Synapse Studio to co-work for virtual human
South Korea’s content production startup Studio Meta-K announced on Wednesday that it signed a memorandum of understanding (MOU) with Vietna...
Feb 21, 2024 (Gmt+09:00)
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Retail
Hyundai Dept. Store, Siam Piwat to collaborate for K-content
South Korea’s Hyundai Department Store Co. announced on Wednesday that it signed a business agreement with Thailand’s retail giant Siam ...
Feb 21, 2024 (Gmt+09:00)
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Real estate
Brookfield aims to increase debt on IFC Seoul to $2 bn
Brookfield Asset Management Ltd. will increase its debt on the International Finance Center in Seoul (IFC Seoul), South Korea to up to 2.7 trillion ...
Feb 19, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung wins first 2 nm AI chip order from Japan’s PFN; a snub to TSMC
Samsung Electronics Co., the world’s largest memory chipmaker, has won its first 2-nanometer node artificial intelligence chip production cont...
Feb 16, 2024 (Gmt+09:00)
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Korean stock market
Foreign investors net buyers of Korean stocks for 3rd straight month
Foreign investors bought more South Korean stocks and bonds in January, extending their buying spree to three months.The Financial Supervisory Servi...
Feb 15, 2024 (Gmt+09:00)
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Shareholder activism
Activist funds to wage proxy battle with Samsung C&T
Five activist funds have joined hands to wage a proxy battle with Samsung C&T Corp., demanding additional share buybacks and dividend increases....
Feb 15, 2024 (Gmt+09:00)
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Food & Beverage
CJ CheilJedang overseas food sales surpasses domestic market
South Korea's CJ CheilJedang Corp. announced on Tuesday that its overseas food sales surpassed the domestic market in the fourth quarter performan...
Feb 14, 2024 (Gmt+09:00)
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Korean Investors
Samsung Asset to launch S.Korea's first obesity treatment ETF
Korea Exchange announced on Thursday that it will list Samsung Asset Management's "KODEX Global Obesity Treatment Top 2 Plus exchange-traded fund (E...
Feb 08, 2024 (Gmt+09:00)
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Corporate bonds
LG Energy's 2nd bond issue hits record $4.2 bn in bids
LG Energy Solution Ltd., the world’s second-largest rechargeable battery maker, drew a record 5.61 trillion won ($4.2 billion) in bids for a S...
Feb 08, 2024 (Gmt+09:00)
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Aerospace & Defense
LIG Nex1 inks $3.2 bn missile defense deal with Saudi Arabia
South Korea's major defense system developer LIG Nex1 Co. has clinched a $3.2 billion deal to export its latest missile interceptor to Saudi Arabia,...
Feb 07, 2024 (Gmt+09:00)
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Aerospace & Defense
Kia rides defense sector boom with military vehicles
Kia Corp., South Korea’s second-largest automaker, has unveiled its next-generation military vehicle technologies at the largest defense exhib...
Feb 06, 2024 (Gmt+09:00)
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Korean food
After frozen Kimbap craze, here comes Korean street food
It all began in August, when hundreds of tons of frozen South Korean kimbap, or seaweed-wrapped rice rolls, sold out within a month of their arrival...
Feb 01, 2024 (Gmt+09:00)
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Corporate restructuring
UBS, Citigroup to handle sale of KKR’s JV with Korean builder
UBS Group AG and Citigroup Global Markets Inc. are set to manage the sale of a joint venture between global private equity giant KKR Co. Inc. and ai...
Jan 30, 2024 (Gmt+09:00)
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Automobiles
Hyundai Mobis eyes strong overseas orders again in 2024
Hyundai Mobis Co., the world’s sixth-largest automotive parts maker, known as Mobis outside of its home South Korea, expects another strong ye...
Jan 29, 2024 (Gmt+09:00)
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Corporate governance
Kakao to replace K-pop pioneer SM execs over poor governance
Kakao Corp. is set to replace executives of SM Entertainment Co., who ousted its founder Lee Soo-man when the South Korean mobile giant acquired the...
Jan 29, 2024 (Gmt+09:00)
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Korean food
Lotte Mart debuts Korean street food store in Indonesia
South Korea's Lotte Mart has introduced its first specialized grocery store overseas, announcing the opening of its revamped Gandaria store in Jakar...
Jan 29, 2024 (Gmt+09:00)
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Automobiles
Hyundai Mobis sees record high performance in 2023
South Korea’s Hyundai Mobis, the world’s sixth-largest auto parts maker, reported on Friday that its revenue was 59.25 trillion won ($44...
Jan 26, 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