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Scope
Date
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Future mobility
Self-driving tech startup RideFlux raises $1.9 mn in Series B
RideFlux Inc., a South Korean autonomous driving technology startup, raised 26 billion won ($1.9 million) in a Series B funding round about four mon...
16 HOURS AGO
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Energy
Czech anti-trust body puts signing of nuclear power deal on hold
The Czech anti-trust body put a temporary block on the conclusion of a contract with Korea Hydro & Nuclear Power Co. (KHNP) for the construction...
21 HOURS AGO
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Earnings
Samsung SDI's operating profit plunges in Q3 amid EV chasm
Samsung SDI Co., the world’s sixth-largest battery maker, continues to grapple with dwindling battery demand from the electric vehicle industr...
Oct 30, 2024 (Gmt+09:00)
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Upcoming IPOs
Cuckoo eyes $172 mn IPO of Malaysian unit in Kuala Lumpur: Bloomberg
South Korea’s leading rice cooker and small appliance maker Cuckoo Holdings Co. is said to be seeking to list its Malaysian unit in the Southe...
Oct 30, 2024 (Gmt+09:00)
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Economy
South Korea’s Economy Picks Up But Still Disappoints
South Korea’s economy was weaker than expected in the third quarter, weighed by lackluster exports, though it improved from the previous quart...
Oct 30, 2024 (Gmt+09:00)
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IPOs
South Korea’s Viva Republica drops Korean IPO plan, seeks US debut
Viva Republica Inc., a leading South Korean fintech unicorn and operator of mobile financial super app Toss, has dropped its plan to go public in th...
Oct 29, 2024 (Gmt+09:00)
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Steel
Korea’s POSCO, India’s JSW team up to build steel plant in Odisha
South Korea’s POSCO Group joined hands with India’s JSW Group to set up an integrated steel plant in the South Asian country with an est...
Oct 29, 2024 (Gmt+09:00)
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Automobiles
Kia debuts Tasman to target $333 bn global pickup truck market
JEDDAH, Saudi Arabia -- Kia Corp., South Korea’s second-largest automaker, on Tuesday premiered the Tasman, its first pickup truck to target t...
Oct 29, 2024 (Gmt+09:00)
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Business & Politics
South Korea to deploy ‘Iron-Dome’ style defense system early
South Korea will deploy a new air defense system, similar to Israel’s Iron Dome, against North Korean artillery attacks earlier than previousl...
Oct 29, 2024 (Gmt+09:00)
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Banking & Finance
Korea's Hana Bank to promote foreigners as managers in overseas units
South Korean banks are set to reshuffle overseas units by promoting local staff to management positions, in a bid to boost the sluggish profitabilit...
Oct 28, 2024 (Gmt+09:00)
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Mergers & Acquisitions
MBK’s Korea Zinc takeover attempt to spur search for white knights
North Asia-focused private equity firm MBK Partner Ltd.’s attempt to take control of Korea Zinc Inc. and the country’s plan to require t...
Oct 27, 2024 (Gmt+09:00)
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Korean startups
Naver D2SF accelerates investments in Silicon Valley startups
South Korea's online giant Naver Corp.'s startup nurturing organization D2SF (D2 Startup Factory) said on Friday it started to discover and invest i...
Oct 25, 2024 (Gmt+09:00)
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Energy
Kia, KEPCO collaborate to build power ecosystem using PBV
South Korea's Kia Corp. and Korea Electric Power Corp. (KEPCO), the state-run utility company, said on Thursday that they signed a memorandum of und...
Oct 24, 2024 (Gmt+09:00)
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Culture & Trends
Seoul to light up Myeong-dong with LEDs like Times Square
Seoul will light up Myeong-dong, a bustling area with office workers and shoppers in the heart of the city, with 16 large outdoor digital billboards...
Oct 23, 2024 (Gmt+09:00)
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Automobiles
Hyundai, SNU, POSTECH, KIST build joint robotics lab
Hyundai Motor Group said on Wednesday that it established a joint robotics research lab in collaboration with South Korea's top research institution...
Oct 23, 2024 (Gmt+09:00)
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Venture capital
South Korean VCs in search of better returns abroad
South Korean venture capitalists’ appetite for foreign entrepreneurs shows no sign of waning as they continue to look for better returns overs...
Oct 23, 2024 (Gmt+09:00)
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North Korea
North Korean Troops Train in Russia as Moscow Deepens War Coalition
North Korea has sent hundreds of special forces to eastern Russia for training in recent weeks, according to South Korea’s main intelligence a...
Oct 23, 2024 (Gmt+09:00)
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Business & Politics
Hyundai E&C, South Australia sign renewable energy, infrastructure deal
South Korea’s Hyundai Engineering & Construction Co. said on Tuesday it has signed a comprehensive deal on cooperation in the renewable en...
Oct 22, 2024 (Gmt+09:00)
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Regulations
Heavy inheritance, gift taxes spur rich Koreans to emigrate to Singapore
A South Korean co-CEO of a blockchain investment firm with hundreds of millions of dollars in assets moved to Singapore last year to avoid the North...
Oct 22, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Bain Capital puts beauty device maker Classys on market
Bain Capital has embarked on the process to sell a majority stake in Classys Inc., a South Korean medical aesthetic device maker. The deal is estima...
Oct 21, 2024 (Gmt+09:00)
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Batteries
LG Elec builds EV chargers safety net for fire prevention
LG Electronics Inc. equipped its slow electric vehicle (EV) chargers with dual overcharge prevention technology to alleviate customer concerns and a...
Oct 21, 2024 (Gmt+09:00)
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ASK 2024
Australia, Asia real estate whet Korean pension funds' appetite
South Korean pension funds and insurance companies are raising their bets on real estate as they diversify their US and Europe-focused portfolios in...
Oct 20, 2024 (Gmt+09:00)
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Future mobility
Kakao Mobility, Samsung C&T to co-work on robot, parking solutions
Kakao Mobility Corp., South Korea’s largest taxi-hailing app operator, announced on Friday that it signed a business agreement with Samsung C&...
Oct 18, 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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Tech, Media & Telecom
CJ OliveNetworks to build HiteJinro smart factory in Vietnam
South Korea's CJ OliveNetworks said on Thursday it secured a contract to build a smart factory of the nation's leading soju maker HiteJinro Co. in V...
Oct 17, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
HD Hyundai to build int'l standards for carbon emissions
South Korea's HD Hyundai Marine Solution Co. said on Wednesday that it signed a Life Cycle Assessment (LCA) Agreement with HD Hyundai Samho and the ...
Oct 16, 2024 (Gmt+09:00)
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Electric vehicles
Hyundai Mobis to invest $257 mn in EV parts plants in Slovakia
Hyundai Mobis Co., the world’s fifth-largest auto parts maker, agreed to invest some 350 billion won ($256.9 million) in building electric veh...
Oct 16, 2024 (Gmt+09:00)
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Markets
Activist Palliser Pushes for Change at AI Chip Investor SK Square
Activist investor Palliser Capital has built a stake in the holding company of highflying artificial-intelligence chip maker SK Hynix Inc. and is pu...
Oct 16, 2024 (Gmt+09:00)
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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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Food & Beverage
Paris Baguette opens 600th overseas store in Canada for global expansion
Paris Baguette opened its 600th overseas store in Toronto, Ontario, as the leading South Korean bakery brand is rapidly expanding its global busines...
Oct 15, 2024 (Gmt+09:00)