Korean drugmaker
Scope
Date
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Retail
S.Korean travel retailers face downturn without Chinese big spenders
Before COVID-19 swept the world, South Korea’s top two travel retailers Lotte Duty Free and Shilla Duty Free Shop ascended to the world’...
Sep 03, 2024 (Gmt+09:00)
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Korean food
South Koreans puzzled over rising seaweed prices despite bumper crop
Dried seaweed prices are rising at a fast pace despite handsome growth in production, leaving South Koreans puzzled over what is behind the steep pr...
Sep 02, 2024 (Gmt+09:00)
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Tech, Media & Telecom
Naver Map sees 30% increase in foreign user base
The foreign users of Naver Map, the map service of South Korea's online platform giant Naver Corp., have a 30% increase from last year. Naver...
Sep 02, 2024 (Gmt+09:00)
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Chemical Industry
OCI supplies ultrapure phosphoric acid to SK Hynix
OCI Co. has won a contract from SK Hynix Inc. to supply it high-purity phosphoric acid, becoming the country’s first to provide the core chip-...
Sep 02, 2024 (Gmt+09:00)
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Food & Beverage
Nongshim to build export-only ramen factory in Korea
South Korea’s instant noodle giant Nongshim Co. will build a local plant dedicated to producing ramen — or ramyun, as the company spells...
Aug 30, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Korea Shopping Festa in Vietnam records $12.9 mn in export consultations
The Korean Ministry of SMEs and Startups said on Friday that the "2024 Korea Shopping Festa with Lotte" export consultation event, held in collabo...
Aug 30, 2024 (Gmt+09:00)
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Real estate
KT&G to sell Korean office tower to Pebblestone for $90 mn
KT&G Corp., the world’s fifth-largest tobacco maker, is set to sell an office tower in South Korea to a local asset manager for an estimat...
Aug 30, 2024 (Gmt+09:00)
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Food & Beverage
HiteJinro to boost soju marketing in UK
South Korea’s leading soju maker HiteJinro Co. said on Friday that it's boosting soju marketing in the UK. From August 16 to 25, HiteJinr...
Aug 30, 2024 (Gmt+09:00)
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Retail
Lotte to hold Korea Shopping Festa in Vietnam
South Korea's Lotte Group holds "2024 Korea Shopping Festa with Lotte" in Hanoi, Vietnam. The group and the Korean Ministry of SMEs and Startup...
Aug 29, 2024 (Gmt+09:00)
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ESG
S.Korean companies fret over Scope 3 disclosure rule
Businesses in South Korea, Asia’s No. 4 economy, are voicing concerns about the government’s plan to mandate companies to disclose their...
Aug 28, 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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Beauty & Cosmetics
APR, TJX to co-work for Medicube products sale in N.Amerca
South Korea's cosmetic and clothing company APR said on Wednesday it signed a supply contract with TJX Companies, the North America-based global ret...
Aug 28, 2024 (Gmt+09:00)
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Korean games
NCSOFT to seek recovery momentum with open-world game
South Korea’s gaming giant NCSOFT Corp. is set to develop an open-world massively multiplayer online role-playing game (MMORPG) while launchin...
Aug 27, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor releases 2025 Santa Fe
Hyundai Motor Co. said on Tuesday that it released the 2025 Santa Fe, a model year change of its flagship midsize sports utility vehicle (SUV) The A...
Aug 27, 2024 (Gmt+09:00)
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Korean chipmakers
S.Korea's Asicland establishes Taiwan subsidiary
Asicland Co., South Korea's only design house contracted by TSMC, said on Monday that it launched a local subsidiary in Hsinchu, Taiwan.The Taiwan...
Aug 27, 2024 (Gmt+09:00)
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Mergers & Acquisitions
IMM consortium picked as preferred bidder for Ecorbit
A consortium of IMM Private Equity and IMM Investment has moved a step closer to owning South Korea’s No. 1 landfill company Ecorbit Co. after...
Aug 26, 2024 (Gmt+09:00)
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Steel
Korea’s Husteel enjoys surging Saudi Steel Pipe stock prices
South Korean Husteel Co.'s long-term investments in Saudi Steel Pipe Co. are paying off as its share price surges on the back of deals with the king...
Aug 26, 2024 (Gmt+09:00)
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Logistics
Hanjin to provide logistics services for S.Korean SMEs in Vietnam
South Korea's Hanjin Transportation, a logistics unit of Hanjin Group, signed a memorandum of understanding (MOU) with the Small Enterprise and Mark...
Aug 26, 2024 (Gmt+09:00)
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Batteries
Lotte Energy to supply copper foil to Samsung SDI-Stellantis JV
Samsung SDI Co., South Korea’s third-largest battery maker by battery usage, has picked Lotte Energy Materials Corp. as the exclusive supplier...
Aug 26, 2024 (Gmt+09:00)
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Automobiles
Hyundai IONIQ 5 N named Car and Driver's 2024 top EV
South Korea's Hyundai Motor Co. said on Sunday that its high-performance electric vehicle (EV) the IONIQ 5 N was selected as Car and Driver's presti...
Aug 26, 2024 (Gmt+09:00)
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Entertainment
Korean IT giants drop fandom platforms, help HYBE dominate
South Korean game developer Neowiz has sold its fan engagement platform unit, joining the moves by local IT giants such as Naver Corp. to pull out o...
Aug 26, 2024 (Gmt+09:00)
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Artificial intelligence
Liner ranks 9th in generative AI services selected by a16z
South Korea's generative AI startup Liner said on Friday that its search service ranked 9th in the web services category of the Top-100 Gen AI Consu...
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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Aerospace & Defense
Hanwha completes Australia plant for howitzers, armored vehicles
South Korea’s Hanwha Aerospace Co. has completed building its first overseas plant — producing howitzers and ammunition carriers in Aust...
Aug 23, 2024 (Gmt+09:00)
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Tech, Media & Telecom
Samsung tops S.Korean smartphone market with 76% share
In the second quarter of this year, the market share of Samsung Electronics Co. in the South Korean smartphone market slightly increased, whil...
Aug 22, 2024 (Gmt+09:00)
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Korean startups
Enormous market ahead for Hopae, S.Korean DID pioneer
To Hopae Inc., a digital identity solution-developing startup native to South Korea, its home market is small. After successfully accommodating more...
Aug 22, 2024 (Gmt+09:00)
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Blockchain
SY Lee: A Korean startup creator who fetched $80 mn for Story Protocol
Seung Yoon Lee, a South Korean startup creator, was in his early 20s when he co-founded Radish Fiction Inc., a US-based mobile fiction platform, in ...
Aug 22, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor, Kia gets A- credit rating from S&P Global
Hyundai Motor Co. and Kia Corp. said on Thursday that S&P Global upgraded their credit ratings from BBB+ to A-, with a Stable outlook for both c...
Aug 22, 2024 (Gmt+09:00)
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Mergers & Acquisitions
STIC to buy Korean flooring firm Nox from TPG for $336 mn
Seoul-based private equity firm STIC Investments has agreed to acquire global leading luxury vinyl tile (LVT) flooring firm Nox Corp. at 450 billion...
Aug 21, 2024 (Gmt+09:00)
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Corporate strategy
Stock-rich KCC's shareholdings exceed its market cap
KCC Corp., a paint and glass maker but better known as a white knight for South Korean conglomerates, holds more than 4 trillion won ($3 billion) wo...
Aug 21, 2024 (Gmt+09:00)