November 2024
Scope
Date
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Webtoons
Naver Webtoon to enhance global biz with new exec for US IPO
Naver Webtoon Ltd., the world’s top digital comics provider, aims to ramp up its global business with the appointment of a new executive ahead...
Dec 15, 2023 (Gmt+09:00)
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Leadership & Management
SK On Vice Chair Chey Jae-won sees greater growth potential in 2024
Chey Jae-won, executive senior vice chairman of SK On Co., a leading South Korean battery maker, said on Thursday he expects the company’s gro...
Dec 14, 2023 (Gmt+09:00)
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Food & Beverage
Fried chicken chain bhc to enter Thailand in 2024
South Korea’s No. 2 fried chicken brand bhc Group announced on Thursday that it signed a master franchise agreement with Thailand’s Me...
Dec 14, 2023 (Gmt+09:00)
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Fintech
Line Next attracts $140 mn to globally expand NFT platform
Line Next Corp., a digital asset affiliate of South Korean online portal giant Naver Corp., has attracted $140 million in a funding round led by Cre...
Dec 14, 2023 (Gmt+09:00)
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Korean innovators at CES 2024
Kia to unveil new PBV lineup at CES 2024
Kia Corp. announced on Thursday that it plans to participate in the world’s biggest consumer technology trade show CES. The company will ret...
Dec 14, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor Group to be named NACTOY 2024
Hyundai Motor Group confirmed its victory in the utility vehicle category of "North American Car, Truck and Utility Vehicle (NACTOY) of the Year 202...
Dec 13, 2023 (Gmt+09:00)
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Artificial intelligence
AI, cloud to rule video surveillance market in 2024: Hanwha Vision
Hanwha Vision Co., formerly Hanwha Techwin, expects the global video surveillance market to undergo a major upgrade with the development of artifici...
Dec 13, 2023 (Gmt+09:00)
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Tech, Media & Telecom
IT device recovery to power Korean parts makers in 2024
Global sales of consumer information technology electronics such as smartphones, PCs and TVs are expected to rebound in 2024, fueling hopes of an ea...
Dec 13, 2023 (Gmt+09:00)
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Economy
S.Korea’s labor gains slow in November with fewer jobs for young people
South Korea’s nonfarm payroll growth slowed in November after the country with the world’s lowest fertility rate marked its 13th straigh...
Dec 13, 2023 (Gmt+09:00)
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Korean startups
Korea’s Growth Champions 2024 by Statista, Korea Economic Daily
Statista, the world’s leading data and intelligence company, has teamed up with The Korea Economic Daily to identify South Korea’s faste...
Dec 11, 2023 (Gmt+09:00)
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Korea’s Growth Champions 2024 list by Statista, Korea Economic Daily
List of Korea’s Growth Champions 2024 Rank Company Absolute Growth Rate Compound Annual Growth Rate (CAGR) Revenue 2019 Revenu...
Dec 11, 2023 (Gmt+09:00)
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Electric vehicles
Carmakers to expand affordable EV, hybrid lineups in Korea
Carmakers in South Korea are slated to unveil new electric vehicle models at cheaper prices next year to revive the sputtering EV market and also ro...
Dec 11, 2023 (Gmt+09:00)
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Automobiles
Hyundai, Kia’s car exports to top 2 mn units for 1st time in 7 years
Hyundai Motor Co. and Kia Corp., South Korea’s two largest automakers, are set to export more than 2 million cars in 2023 for the first time i...
Dec 11, 2023 (Gmt+09:00)
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Mergers & Acquisitions
LIG Nex1 to buy quadruped robot maker Ghost Robotics for $240 mn
LIG Nex1 Co., a South Korean weapons system developer, has agreed to buy a 60% stake in Ghost Robotics Corp (GRC), a Philadelphia-based robot develo...
Dec 10, 2023 (Gmt+09:00)
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Automobiles
New 2024 E-Class soon to arrive in Korea, land of Mercedes-Benz
As with the launch of every new E-Class, the flagship model of luxury German car brand Mercedes-Benz, the phrase “evolution, not revolution&rd...
Dec 08, 2023 (Gmt+09:00)
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Fashion
Songzio opens pop-up store in Printemps dept. store
Songzio, the South Korean first-generation designer brand, opened a pop-up store at Printemps Haussmann, a prestigious Parisian department store k...
Dec 07, 2023 (Gmt+09:00)
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Economy
Semiconductor export recovery powers S.Koreans’ income in Q3
A recovery in semiconductor exports led an increase in South Koreans’ income in the third quarter, although the earnings growth momentum may n...
Dec 06, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Korean shipbuilders slide to 2nd place after China in November orders
South Korean shipbuilders slid to second place in new shipbuilding orders last month, yielding the top spot back to their Chinese rivals.According t...
Dec 05, 2023 (Gmt+09:00)
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Bio & Pharma
Access Bio opens second plant in New Jersey
The US-based in-vitro diagnostic device company Access Bio Inc. announced on Monday that it opened its second factory in Monroe Township, New Jersey...
Dec 04, 2023 (Gmt+09:00)
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Fashion
Hyungji Elite selected as official partner of FC Barcelona
South Korea’s school and corporate uniform company Hyungji Elite announced on Monday that it was selected as the official partner of FC Barc...
Dec 04, 2023 (Gmt+09:00)
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Electric vehicles
Kia EV9 sweeps European awards, sees strong US pre-orders
The Kia EV9, the flagship large all-electric sport utility vehicle of South Korea’s No. 2 automaker, is sweeping major industrial awards in Eu...
Dec 04, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung, SK Hynix expect high 2024 profits as memory market returns
Samsung Electronics Co. and SK Hynix Inc., the world’s two largest memory chipmakers, expect to post decent chip profits next year as DRAM pri...
Nov 30, 2023 (Gmt+09:00)
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Central bank
BOK chief says rates need to stay high for over 6 months
South Korea’s central bank chief on Thursday said interest rates will have to stay high for more than six months, leaving the door open for an...
Nov 30, 2023 (Gmt+09:00)
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Bio & Pharma
Celltrion Healthcare's Remsima SC to be launched in US in 2024
Celltrion Healthcare Co. announced on Thursday that its autoimmune disease treatment Zymfentra (the US product name for Remsima SC) is set to be lau...
Nov 30, 2023 (Gmt+09:00)
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Automobiles
Car sales may sputter in 2024 amid EV policy risk: Research
The global automobile market is on track to recover to pre-pandemic levels this year and is expected to grow at a moderate pace amid a prolonged eco...
Nov 27, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Naver to launch global version of Whale browser in Q1 2024
Naver Cloud, the infrastructure subsidiary of South Korea’s online giant Naver Corp., plans to launch a global version of its Whale browser in...
Nov 26, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Korea's KDB likely to tap top bidder for HMM in November
Competition to acquire HMM Co., the top container line in South Korea, is intensifying as the bidders are offering almost the same prices for the de...
Nov 24, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung to launch low-power, high-speed AI chips in 2024
Samsung Electronics Co. will launch low latency wide (LLW) DRAMs next year, designed to improve the power efficiency of artificial intelligence appl...
Nov 21, 2023 (Gmt+09:00)
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Batteries
LG Energy may produce mid-nickel EV batteries from 2024
South Korea’s LG Energy Solution Ltd. plans to mass-produce mid-nickel, high-voltage lithium batteries as early as next year, one year ahead o...
Nov 20, 2023 (Gmt+09:00)
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The KED View
Beware political risk, No.1 factor in Korea Discount
Corporate governance and management transparency have long been the big issues influencing the so-called Korea Discount, alongside labor strife and ...
Nov 20, 2023 (Gmt+09:00)
Latest News
- 1 Woori Financial wins approval for Tongyang, ABL Life acquisition
- 2 BMW surpasses Mercedes in Korean sales amid imported vehicle market shake-up
- 3 Seoul appeal: Korean art captivates Indonesia’s affluent connoisseurs
- 4 CJ CheilJedang scraps $3.5 bn green bio sale, shifts gears to expansion
- 5 Trump Jr. meets Korean business chiefs in back-to-back sessions