Moodie Davitt Report
Scope
Date
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Electronics
LG’s washers selected as best by Consumer Reports
LG Electronics Inc. swept the top three spots in the major categories of the US Consumer Reports Best Washing Machines of 2024 evaluation.The evalua...
Apr 25, 2024 (Gmt+09:00)
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North Korea
N.Korean hackers attack South’s arms makers for tech data
North Korean hackers allegedly attacked South Korean arms manufacturers and stole technical data from them over more than a year Seoul’s polic...
Apr 23, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung to more than double chip investment in Texas
Samsung Electronics Co. plans to more than double its total semiconductor investment in Texas to about $44 billion to add an advanced semiconductor ...
Apr 07, 2024 (Gmt+09:00)
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Corporate bonds
Hyundai Motor regains AAA credit rating after 4 years
Hyundai Motor Co. regained its top AAA credit rating for the first time since the end of 2019.NICE Investors Service on Tuesday upgraded Hyundai Mot...
Apr 03, 2024 (Gmt+09:00)
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Shareholder activism
Shareholder activism in Korea swells 9 times since 2019
The number of South Korean firms targeted by activist funds has risen by nearly nine times over the past five years, the largest increase among majo...
Mar 26, 2024 (Gmt+09:00)
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Banking & Finance
BNK Capital raises $41.5 mn in foreign currency
South Korea’s BNK Capital announced on Monday that it raised $41.5 million in foreign currency funds from overseas state-owned banks.This is...
Mar 18, 2024 (Gmt+09:00)
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Banking & Finance
Korea's Shinhan, Hana accelerate overseas push after record profits
South Korean major banks aim to accelerate their expansions in other countries as their overseas investments paid off with record profits last year ...
Mar 14, 2024 (Gmt+09:00)
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Electronics
LG Elec named best front-load washer in US
LG Electronics Inc. has dominated the top positions in the latest ratings for the best front-load washing machines conducted by Consumer Reports, a ...
Mar 12, 2024 (Gmt+09:00)
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Electronics
Galaxy S24 Ultra named top phone in US
Samsung Electronics Co. 's latest flagship AI phone model the Galaxy S24 Ultra has secured the top position in the smartphone evaluation by the US C...
Mar 06, 2024 (Gmt+09:00)
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Batteries
SK On to expand workforce for 4680 cylindrical batteries
SK On Co., the world’s fifth-largest electric vehicle battery maker, is set to increase its workforce for large-size cylindrical batteries wit...
Feb 18, 2024 (Gmt+09:00)
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Automobiles
Kia Sportage reports best year in Europe, driven by hybrid models
Kia Corp., South Korea’s second-largest automaker, said on Tuesday the sale of its flagship compact sport utility vehicle Sportage reached a f...
Feb 13, 2024 (Gmt+09:00)
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Electronics
LG Elec named best top-load washer in US
LG Electronics Inc. 's washing machines have been selected as the Best High-Efficiency Top-Load Washers by Consumer Reports in the US, according t...
Feb 07, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor mulls India unit IPO to raise $3 bn
Hyundai Motor India is in the early stages of talks to go public later this year to raise at least $3 billion, Reuters reported on Monday, as Hyunda...
Feb 05, 2024 (Gmt+09:00)
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Korean chipmakers
SK Hynix to build US chip packaging plant in Indiana: FT
SK Hynix Inc., the world’s second-largest memory chip producer, is reported to have picked Indiana as the site for its advanced chip packaging...
Feb 01, 2024 (Gmt+09:00)
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Corporate restructuring
Lotte Group Chairman says to sell ailing units for new biz: report
Lotte Group plans to sell ailing units as the South Korean retail-to-chemical conglomerate is shifting its focus to new growth sectors such as bio, ...
Jan 30, 2024 (Gmt+09:00)
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Automobiles
Hyundai, Kia dominate US Best Cars for the Money
Hyundai Motor Group announced on Friday that Hyundai Motor Co. and Kia Corp. have top seven categories in the 2024 Best Cars for the Money awards in...
Jan 19, 2024 (Gmt+09:00)
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Batteries
LG Chem sees up to 25% battery sector growth in 2024: report
South Korea’s LG Chem Ltd., the parent of the world’s second-largest electric vehicle battery maker LG Energy Solution Ltd., expects up ...
Jan 18, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Hyundai sells Chongqing plant at $227 mn for China restructuring
Hyundai Motor Co. has sold its plant in Chongqing for $227 million as the leading South Korean carmaker continues restructuring its business to surv...
Jan 17, 2024 (Gmt+09:00)
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Artificial intelligence
Naver unveils reports of Qatar Asian Cup utilizing AI
South Korea's Naver Corp. announced on Friday that it has published AI Scout Report for the Asian Football Confederation (AFC) Asian Cup 2023, which...
Jan 12, 2024 (Gmt+09:00)
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Korean chipmakers
DRAM prices to rise up to 18% in Q1 2024: report
Memory chip prices are poised for a significant jump in the first quarter of 2024, with mobile DRAM spearheading the increase, according to research...
Jan 09, 2024 (Gmt+09:00)
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Airlines
South Korean LCCs soar as long-haul carriers struggle
South Korea's low-cost carriers (LCCs) are enjoying a surge in demand as the country emerges from the COVID-19 pandemic, while major carriers are st...
Jan 09, 2024 (Gmt+09:00)
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Electronics
LG OLED TV named Best TV in US
LG Electronics Inc. 's organic light emitting diode (OLED) evo 65G3 was named as Best TVs Overall in the Consumer Reports' Best TVs of 2024, accordi...
Jan 03, 2024 (Gmt+09:00)
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Electronics
LG's SC9S named 2nd best premium soundbar: Consumer Reports
South Korea’s LG Electronics Inc. is highly recognized for its TV sound systems in the US, the world’s largest home appliance market. Ea...
Dec 25, 2023 (Gmt+09:00)
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Short selling
HSBC, BNP Paribas reported to Korean prosecutors for naked shorting
The Hongkong and Shanghai Banking Corporation Ltd. (HSBC) and BNP Paribas CIB have been reported to South Korean public prosecutors in violation of ...
Dec 04, 2023 (Gmt+09:00)
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Sovereign wealth funds
KIC recoups 40% of 2022’s loss on stock, bond gains
Korea Investment Corp. (KIC) posted a 7.12% return on total asset investments in the first eight months of this year, recouping about 40% of last ye...
Nov 29, 2023 (Gmt+09:00)
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Korean startups
Disgruntled investors accuse Fadu of blowing smoke
Fadu Inc., the first unicorn in the South Korean semiconductor sector, which had a triumphant market debut three months ago, is facing the backlash ...
Nov 14, 2023 (Gmt+09:00)
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Korean games
PUBG’s glorious comeback in India boon to Krafton
South Korea’s game developing and publishing giant Krafton Inc. boasted the local gaming industry’s highest operating margin, above 40%,...
Nov 13, 2023 (Gmt+09:00)
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Earnings
SK Telecom’s Q3 profit up on brisk data center, cloud sales
SK Telecom Co.'s third-quarter operating profit increased 7% on-year, becoming the only South Korean mobile carrier posting an on-year gain in profi...
Nov 08, 2023 (Gmt+09:00)
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Earnings
Coupang on track to post first-ever annual profit in 2023
South Korean e-commerce giant Coupang Inc. on Tuesday reported $87 million in operating profit in the third quarter, its third consecutive quarterly...
Nov 08, 2023 (Gmt+09:00)
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Economy
Korea’s exports set to snap 12-month losing streak in October
South Korea may snap its 12-month-long losing streak in exports this month after it reported an on-year gain in exports in the first 20 days of Octo...
Oct 23, 2023 (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