New-York-Life-Investments
Scope
Date
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Future mobility
South Korea to designate Jeju as flying taxi pilot service zone
South Korea will designate its resort island Jeju a test operation zone for flying taxis as part of the country’s national urban air mobility ...
Oct 15, 2024 (Gmt+09:00)
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Corporate strategy
K Bank aims to turn into AI-based investment platform: CEO
K Bank, the digital banking unit of South Korean telecom giant KT Corp., aims to turn into an AI-based investment platform after going public later ...
Oct 15, 2024 (Gmt+09:00)
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Logistics
Hyundai Glovis to enter breakbulk transport business
South Korea's Hyundai Glovis Co. said on Tuesday it participates in Breakbulk Americas 2024, a four-day event in Houston starting on October 15.&n...
Oct 15, 2024 (Gmt+09:00)
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Airlines
Zero-sum fears arise in S.Korean airlines’ game of chicken
South Korea’s air carriers are fiercely vying for lucrative or untapped routes in a game of chicken to shore up their falling profit, raising ...
Oct 15, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Cosmax China to build new headquarters in Shanghai
Cosmax Inc., South Korea's cosmetics original development and design manufacturer (ODM), will build a new headquarters in Shanghai's Xinzhuang Indus...
Oct 15, 2024 (Gmt+09:00)
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Investment banking
Korea Investment lists structured warrants in Indonesia
Korea Investment & Securities Co. has become the first South Korean securities firm to list derivative warrants in Indonesia after issuing 11 st...
Oct 11, 2024 (Gmt+09:00)
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Travel & Leisure
Lotte Hotels & Resorts to upcycle used PET bottles
South Korea's Lotte Hotels & Resorts said on Friday that it will collaborate with Lotte Chilsung Beverage and Lotte Chemical Corp. to establish ...
Oct 11, 2024 (Gmt+09:00)
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Steel
Korea’s Dongkuk develops world’s 1st biodegradable film for steel plates
Dongkuk Coated Metal Co. (Dongkuk CM), the cold-rolled steel unit of South Korean steel conglomerate Dongkuk Holdings Co., on Friday unveiled the wo...
Oct 11, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
HD Hyundai unveils world’s 1st high-pressure ammonia dual-fuel engine
HD Hyundai Heavy Industries Co. said on Thursday it has developed the world's first ammonia dual-fuel engine with a high-pressure direct injection s...
Oct 10, 2024 (Gmt+09:00)
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Artificial intelligence
Microsoft, KT to invest $1.8 bn in Korea’s AI, infrastructure
Microsoft Corp. and KT Corp. plan to invest 2.4 trillion won ($1.8 billion) in South Korea’s artificial intelligence, cloud and infrastructure...
Oct 10, 2024 (Gmt+09:00)
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Construction
Hyundai E&C, Surbana Jurong to team up on power projects
South Korea's Hyundai Engineering & Construction Co. (Hyundai E&C) established a cooperative network with Singapore's largest public-sector ...
Oct 10, 2024 (Gmt+09:00)
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Insurance
DB Insurance outshines domestic rivals in global business
DB Insurance Co. raked in the biggest profits from overseas operations among South Korean insurance companies in the first half of this year, leadin...
Oct 08, 2024 (Gmt+09:00)
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Airlines
Jeju Air launches new Batam, Bali routes
Jeju Air Co., South Korea's leading low-cost carrier (LCC), said on Tuesday that it will launch the routes to Batam and Bali, Indonesia. It's t...
Oct 08, 2024 (Gmt+09:00)
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ASK 2024
Alternative investment experts to gather Oct. 16-17 at ASK 2024
South Korea’s major institutional investors and global asset managers will gather at the ASK 2024 global alternative investment conference on ...
Oct 08, 2024 (Gmt+09:00)
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Asset management
KIS hosts 2024 Stifel Research Forum in Seoul
Korea Investment & Securities announced on Tuesday that it hosted analysts from Stifel Financial Corp. at its headquarters in Yeouido, Seoul, fo...
Oct 08, 2024 (Gmt+09:00)
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Robotics
HL to acquire French parking robot firm Stanley Robotics for $24 million
HL Group, the construction-to-auto parts conglomerate in South Korea, will acquire the world’s sole outdoor self-driving parking robot-produci...
Oct 08, 2024 (Gmt+09:00)
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Batteries
LG Energy aims to more than double sales to $50 billion by 2028
LG Energy Solution Ltd. has vowed to more than double its sales in five years to 67 trillion won ($50 billion) by diversifying its battery products ...
Oct 07, 2024 (Gmt+09:00)
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Banking & Finance
Hanwha Securities buys 5.4% stake in Edinburgh Airport
Hanwha Investment & Securities said on Monday that it acquired a stake in Edinburgh Airport in Scotland.Edinburgh Airport is jointly owned by Gl...
Oct 07, 2024 (Gmt+09:00)
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Artificial intelligence
AI startup MarqVision raises $16.5 mn to close Series A round
MarqVision Inc., a startup developing an artificial intelligence-powered intellectual property (IP) protection platform, raised 22 billion won ($16....
Oct 04, 2024 (Gmt+09:00)
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Tech, Media & Telecom
Samsung teams up with Ashley to expand SmartThings IoT service
SILICON VALLEY – South Korean tech giant Samsung Electronics Co. is partnering with Ashley Home Stores Ltd., the US’ largest furniture s...
Oct 04, 2024 (Gmt+09:00)
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Corporate investment
Korea’s KCC Glass to invest $525 mn more in Indonesian plant
KCC Glass Corp., a major South Korean construction materials manufacturer, is set to invest an additional 700 billion won ($524.8 million) in its In...
Oct 04, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Korea Zinc, MBK face-off for control of zinc smelter takes new twist
The face-off between Korea Zinc Inc. and MBK Partners for control of the world's No. 1 lead and zinc smelter shows no sign of abating as the private...
Oct 04, 2024 (Gmt+09:00)
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Bio & Pharma
SK Pharmteco to invest $260 mn in new peptide factory in S. Korea
SK Pharmteco, the contract development and manufacturing organization (CDMO) of South Korea's SK Inc., said on Tuesday that it plans to invest $260 ...
Oct 02, 2024 (Gmt+09:00)
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Pension funds
S.Korea’s NPS investment arm suffers from chronic understaffing
South Korea’s largest institutional investor, the National Pension Service (NPS), managing 1,150 trillion won ($870.6 billion) in assets, stru...
Oct 02, 2024 (Gmt+09:00)
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Batteries
LG Chem develops material blocking battery thermal runaway
LG Chem Ltd. has developed a material that can prevent thermal runaway in a lithium-ion battery, one of the major hurdles to the expansion of the el...
Oct 01, 2024 (Gmt+09:00)
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Electronics
LG NOVA hosts Innovation Festival in US
LG Electronics Inc. 's North American Innovation Center (LG NOVA) said on Monday that it held an Innovation Festival last Wednesday and Thursday at ...
Sep 30, 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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Electronics
Korea Investment lowers price target for Samsung Electro-Mechanics
Korea Investment & Securities lowered the target price of Samsung Electro-Mechanics by 14.3% on Sunday, citing weaker-than-expected third-q...
Sep 30, 2024 (Gmt+09:00)
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Electronics
LG to invest $762 mn in webOS to transform into platform-based tech giant
LG Electronics Inc., the leading global home appliance maker, plans to invest more than 1 trillion won ($762 million) in its multitasking operating ...
Sep 29, 2024 (Gmt+09:00)
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Research & Development
S.Korea to offer incentives to attract foreign scientists
South Korea will offer incentives including a 50% income tax cut to attract foreign scientists to develop new growth drivers such as artificial inte...
Sep 29, 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