NEXT Level tire rental
Scope
Date
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Real estate
Koramco to open office next to NPS for property investment partnership
Koramco Asset Management Co. will open a liaison office next to South Korea’s National Pension Service (NPS) to bolster cooperation with the w...
Oct 18, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung primed for graphics chip leadership with 24 Gb GDDR7
Samsung Electronics Co., the world’s largest memory chipmaker, has unveiled the industry’s first 24 gigabit (Gb) graphics DRAM chip, opt...
Oct 17, 2024 (Gmt+09:00)
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Korean startups
South Korea’s next AI unicorns stand out at KPAS 2024
South Korea’s major telecom company KT Corp. and the country’s leading financial newspaper The Korea Economic Daily have teamed up to sc...
Oct 17, 2024 (Gmt+09:00)
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Automobiles
Hankook Tire supplies tires to BMW
South Korea's Hankook Tire & Technology said on Wednesday that it started to supply its Ventus S1 evo Z tires as original equipment for BMW's se...
Oct 16, 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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Asset management
Wealthy Koreans look to Indian equities as 'next China' investment
First, it was the US that attracted many South Korean investors looking for higher returns.And then came China, which ensnared Korean retail investo...
Sep 30, 2024 (Gmt+09:00)
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Batteries
Hyundai Steel set to supply iron powder to Korean LFP cathode makers
Hyundai Steel Co., a unit of South Korean automotive group Hyundai Motor Co., is set to enter the battery materials business by supplying iron powde...
Sep 20, 2024 (Gmt+09:00)
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Korean chipmakers
SK Hynix unveils powerful data-center SSD to maintain AI memory lead
South Korean chipmaker SK Hynix Inc. on Wednesday unveiled a new solid-state drive (SSD) for data centers to expand its memory leadership in the AI ...
Sep 11, 2024 (Gmt+09:00)
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Automobiles
Nexen Tire N'FERA Supreme surpasses 1 mn sales
South Korea’s Nexen Tire Corp. said on Sunday its premium high-performance all-season tire N’FERA Supreme has exceeded 1 million cumulat...
Sep 09, 2024 (Gmt+09:00)
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Automobiles
Hankook Tire to develop AI-based tire pattern generation models
Hankook & Company Co., the holding company of South Korea’s largest tire maker Hankook Tire & Technology Co., said on Friday that it s...
Sep 06, 2024 (Gmt+09:00)
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Artificial intelligence
SK Telecom partners with Perplexity to level up conversational search
South Korea's largest telecom company SK Telecom Co. will enhance its conversational search services through a partnership with US AI search startup...
Sep 05, 2024 (Gmt+09:00)
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Private equity
Affinity Equity bets big on Korea's car rental market
The car rental business resembles financial services. Buying cars with borrowed money, renting them out and eventually selling them to used car de...
Aug 29, 2024 (Gmt+09:00)
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Food & Beverage
Ashley Queens’ success story: Premium dining, but at affordable prices
Korean food, or K-food, is popular around the world. And it’s almost become a rite of passage for foreigners who come to South Korea to try tr...
Aug 28, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Hanwha Ocean, US Senator discuss US Navy MRO
South Korea's Hanwha Ocean Co. said on Tuesday that it discussed various aspects of the US Navy ship projects with key figures from the US Senate Co...
Aug 27, 2024 (Gmt+09:00)
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Machinery
Hyundai Rotem to supply additional rail cars to Boston
South Korea's Hyundai Rotem Co. announced on Friday that it signed a contract with the Massachusetts Bay Transportation Authority (MBTA) to supply a...
Aug 16, 2024 (Gmt+09:00)
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Petrochemicals
Hyosung, Kolon’s tire cord plants running near 100% on insatiable demand
The business outlook is bright for Hyosung Advanced Materials Corp. and Kolon Industries Inc., the world’s top two tire cord producers based i...
Aug 15, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Acquisition loan rates dip to pre-pandemic levels in S.Korea
Interest rates on acquisition financing in South Korea are set to stabilize at the 5% level, rates last seen before COVID-19 swept the world, height...
Aug 15, 2024 (Gmt+09:00)
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Construction
Korea’s Ssangyong C&E exports eco-friendly limestone cement to US
Ssangyong C&E Co., a leading South Korean cement maker, said on Monday it has exported 30,000 tons of low-carbon limestone cement to the US &nda...
Aug 12, 2024 (Gmt+09:00)
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Companies
S.Korea's top three tire makers sell 45 mn units in H1 2024
South Korean tire manufacturers have nearly reached sales of 45 million units in the global market during the first half of this year, the Korea Tir...
Aug 12, 2024 (Gmt+09:00)
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Aerospace & Defense
LIG Nex1, Palantir join forces on AI weaponry
LIG Nex1 Co., a leading South Korean defense contractor, is teaming up with US artificial intelligence (AI) specialist Palantir Technologies to deve...
Aug 09, 2024 (Gmt+09:00)
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Debt financing
Korean firms rush to sell bonds with yields at over 2-yr low
South Korea’s corporate bond markets are having an unusually busy summer as companies are rushing to sell debts to lock in lower interest cost...
Aug 08, 2024 (Gmt+09:00)
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Automobiles
Hankook Tire to supply tires to Mercedes-AMG for first time
Hankook Tire & Technology Co. said on Wednesday that it will supply its tires for Mercedes' high-performance brand AMG's sports car, the GT Coup...
Aug 07, 2024 (Gmt+09:00)
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Korean startups
MLOps startup Vessl AI eyes 50% sales from US in 2025
Vessl AI, a South Korea-native MLOps platform-operating startup, is envisioning a takeoff in the US next year after building a concrete client base ...
Aug 05, 2024 (Gmt+09:00)
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Korean chipmakers
Will Samsung benefit from Nvidia’s new AI chip delays?
Samsung Electronics Co., the world’s top memory chipmaker, is expected to benefit from Nvidia Corp.’s delays in shipping AI chips, as gl...
Aug 05, 2024 (Gmt+09:00)
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Automobiles
Slowing economy creates opportunity for S. Korean used car sellers
South Korea’s used car sellers hope to take advantage of the slowing economic growth at home and abroad to expand their market shares.Lotte Re...
Aug 04, 2024 (Gmt+09:00)
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Automobiles
Lotte Rental establishes UAE subsidiary
South Korea's Lotte Rental Co. said on Thursday that it established an overseas subsidiary in Dubai, United Arab Emirates (UAE), to boost the expo...
Aug 01, 2024 (Gmt+09:00)
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Banking & Finance
Woori Financial Group relaunches brokerage arm
Woori Financial Group has returned to South Korea’s brokerage service market after a decade with the launch on Thursday of Woori Investment &a...
Aug 01, 2024 (Gmt+09:00)
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Energy
South Korea to develop gas-cooled reactor with POSCO, SK, Daewoo
South Korea has embarked on a 44.5 billion won ($32.3 million) project to jointly develop an advanced gas-cooled nuclear reactor with related domest...
Jul 31, 2024 (Gmt+09:00)
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Food & Beverage
Lotte India, Havmor to merge to raise $722.4 mn in sales
South Korean confectionery giant Lotte Wellfood Co. will merge its Indian subsidiaries — Lotte India Co. and Havmor Ice Cream Pvt — to b...
Jul 30, 2024 (Gmt+09:00)
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Markets
Korean treasury yields fall to lowest level in over 2 years
South Korea’s treasury bond yields fell to their lowest points in more than two years, slipping below the 3% level for the first time since Ap...
Jul 30, 2024 (Gmt+09:00)
Latest News
- 1 Maybe Happy Ending: How a Seoul-made robot love story rewrote the Broadway playbook
- 2 NPS yet to schedule external manager selection; PE firms’ fundraising woes deepen
- 3 Woori Financial wins approval for Tongyang, ABL Life acquisition
- 4 BMW surpasses Mercedes in Korean sales amid imported vehicle market shake-up
- 5 Seoul appeal: Korean art captivates Indonesia’s affluent connoisseurs