Q4 2022 earnings
Scope
Date
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Economy
Samsung Electronics creates $216 bn social wealth in 2022
Samsung Electronics Co. created 281.4 trillion won ($216 billion) worth of social wealth in 2022, meaning it distributed that amount of wealth to ot...
Jul 06, 2023 (Gmt+09:00)
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Debt financing
Hyundai-LG’s Indonesia battery financing chosen as Asia deal of 2022
The $711 million financing organized by Hyundai Motor Co. and LG Energy Solution Ltd. last year for their battery joint venture in Indonesia has bee...
Jul 06, 2023 (Gmt+09:00)
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Korean stock market
S-Oil hits 52-week low on earnings concerns
S-Oil Corp. hit a 52-week low on Thursday as analysts slashed earnings estimates for the South Korean oil refiner.The stock hit its lowest level sin...
Jun 29, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Arkema buys S.Korea's PI Advanced for about $800 mn
Arkema, a French specialty materials producer, on Wednesday signed an agreement to purchase a 54.07% stake in South Korea’s PI Advanced Materi...
Jun 28, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
HD KSOE breaks ground on marine engine plant in Saudi Arabia
HD Korea Shipbuilding & Offshore Engineering (KSOE) said on Sunday its joint venture Makeen has broken ground on a marine engine plant in Saudi ...
Jun 25, 2023 (Gmt+09:00)
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Bio & Pharma
Kakao Healthcare ties up with Dexcom for global diabetes biz
South Korea’s Kakao Healthcare Corp. has taken a step forward to expand its business into the global market by collaborating with US medical d...
Jun 22, 2023 (Gmt+09:00)
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Economy
US beats China to become S.Korea’s No.1 export destination in 2022
South Korea last year exported most to the US thanks to brisk sales of the country’s cars in the world’s No. 1 economy, whereas trade wi...
Jun 22, 2023 (Gmt+09:00)
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Carbon neutrality
POSCO Future M cut greenhouse gases 8.6% in 2022
South Korea's chemical company POSCO Future M Co. last year lowered greenhouse gases a surprising 8.6% from 2021. Reducing its CO2 emissions despite...
Jun 19, 2023 (Gmt+09:00)
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Korean chipmakers
SK Hynix steps up chip stacking war with 238-layer 4D NAND
SK Hynix Inc., the world’s second-largest memory chipmaker after Samsung Electronics Co., has begun mass production of the industry’s hi...
Jun 08, 2023 (Gmt+09:00)
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Robotics
KT to start outdoor robot delivery in Seoul from Q4
South Korea’s KT Corp. from the fourth quarter will start outdoor robot delivery of food and daily necessities in Seoul’s upscale distri...
Jun 08, 2023 (Gmt+09:00)
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Electronics
Samsung perfects the home theater with top-notch multichannel soundbar
Samsung Electronics Co. is not only the world’s biggest TV and memory chip maker but also the global No. 1 soundbar brand thanks to its top-no...
Jun 04, 2023 (Gmt+09:00)
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Retail
Breitling launches 2nd Korea limited edition watch in 2023
Breitling, a luxury Swiss watchmaker, has launched a limited edition of one of its flagship models, the Chronomat B01 24, in South Korea, marking th...
Jun 02, 2023 (Gmt+09:00)
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Korean startups
Korean startups opt for Konex, loans for survival during IPO winter
South Korea's anemic initial public offering market has forced the country’s startups to become more creative in raising funds as they shift t...
Jun 02, 2023 (Gmt+09:00)
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Pension funds
Korea’s NPS likely to post 6.4% return for Q1 2023
National Pension Service (NPS) in South Korea achieved a 6.4% return on investment during the first quarter of this year, recovering some 73% of the...
May 31, 2023 (Gmt+09:00)
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Korean chipmakers
SK Hynix’s latest 1b nm DDR5 DRAM chip under Intel test run
SK Hynix Inc., the world’s second-largest memory chipmaker after Samsung Electronics Co., said on Tuesday it has supplied its latest DDR5 DRAM...
May 30, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor union demands higher wages on record earnings
Historically, Hyundai Motor Co.'s labor union has been among the most hardline in South Korea's corporate wage negotiations.Despite the relatively l...
May 25, 2023 (Gmt+09:00)
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Advertising & Marketing
Innocean joins top 10 brand marketing agencies in India
Innocean, a Hyundai Motor Group-affiliated advertising agency, announced on Wednesday that its Indian corporation has joined top 10 of local brand m...
May 24, 2023 (Gmt+09:00)
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Pension funds
Korea's NPS maintains good grade despite heavy losses: finance ministry
National Pension Service (NPS) of South Korea, the world’s third-largest pension fund with 939 trillion won ($713 billion) in assets as of end...
May 23, 2023 (Gmt+09:00)
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Tech, Media & Telecom
SpaceX pushes back Starlink's S.Korea launch to Q4
Starlink, low-orbit satellite internet constellation operated by the US aerospace company SpaceX, has delayed the launch of its South Korean service...
May 22, 2023 (Gmt+09:00)
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Automobiles
Hyundai’s N Vision 74 praised at Italy’s classic-concept car show
Hyundai Motor Co., which has stunned the auto industry with its rebuilt 1974 Pony Coupe concept, has again enthralled car enthusiasts with its ...
May 22, 2023 (Gmt+09:00)
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K-pop
Fifty Fifty sets new record for K-pop girl group with Spotify listeners
K-pop rookie Fifty Fifty has surpassed 34.3 million monthly listeners on Spotify, the world's largest music streaming site, its agency Attrakt said ...
May 22, 2023 (Gmt+09:00)
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Entertainment
Kakao migrates global webtoon service environment to Google Cloud
South Korea's Kakao Entertainment Corp., a unit of South Korea’s mobile platform giant Kakao Corp. is joining forces with Google Cloud to glob...
May 19, 2023 (Gmt+09:00)
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Economy
1% reduction in working-age population reduces GDP by 0.59%: report
A study has revealed that a decrease in the working-age population due to low birth rates and an aging population, coupled with an increase in the d...
May 18, 2023 (Gmt+09:00)
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Blockchain
BOK, Samsung to develop offline CBDCs using Galaxy devices
South Korea’s central bank and Samsung Electronics Co. have joined hands to further advance the country’s offline central bank digital c...
May 16, 2023 (Gmt+09:00)
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Electronics
LG Elec’s home appliance selected as most reliable brand in US
South Korea's LG Electronics Inc. has been named the most reliable appliance brand by American consumers.According to Consumer Reports, a leading ...
May 15, 2023 (Gmt+09:00)
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Economy
S.Korean growth outlook dims on increased trade deficit
South Korea’s exports are on course to drop for the eighth consecutive month as they declined in the first 10 days of May, data showed on Thur...
May 11, 2023 (Gmt+09:00)
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Markets
S.Korea's brokerages lower stock target prices for Shinsegae Int'l
South Korea's securities companies on Thursday lowered their target stock prices for retailer Shinsegae International given its sluggish first-quart...
May 11, 2023 (Gmt+09:00)
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Earnings
Poshmark powers Naver earnings; HyperCLOVA X the next booster
South Korea’s online giant Naver Corp. reported better-than-expected quarterly earnings thanks to strong sales of Poshmark Inc. in the US. It ...
May 09, 2023 (Gmt+09:00)
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Travel & Leisure
Vietnamese tourists top in card spending in Korea in 2022
Vietnamese tourists splurged the most among foreign visitors to South Korea last year, filling the void left by Chinese travelers shunning Korea sin...
May 03, 2023 (Gmt+09:00)
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Earnings
Korean builders fare well in Q1 with overseas projects
South Korea’s leading construction companies, led by Hyundai Engineering & Construction Co. (Hyundai E&C), posted modest operating pro...
Apr 28, 2023 (Gmt+09:00)
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