Zero Pay
Scope
Date
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Airlines
Fly Gangwon fails to pay salaries again due to financial woes
Fly Gangwon, a low-cost carrier based at Yangyang International Airport in Gangwon Province, South Korea, is in serious financial trouble. As its fi...
Jan 06, 2023 (Gmt+09:00)
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Electric vehicles
S.Korea fines Tesla $2.2 mn for alleged false advertising
South Korea’s antitrust body has decided to impose a fine of 2.9 billion won ($2.2 million) on Tesla Inc., the world’s top electric vehi...
Jan 03, 2023 (Gmt+09:00)
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ESG
Hyundai Rotem's new braking technology acquires green certification
Hyundai Rotem, a South Korean railway rolling stock supplier under Hyundai Motor Group, acquired a green certification for its zero-speed regenerati...
Dec 27, 2022 (Gmt+09:00)
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Airlines
Korea-China air flights set to rise with Beijing’s eased zero-COVID policy
Air flights between South Korea and China are set to rise significantly next year with the Chinese government issuing new guidelines easing its stri...
Dec 22, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Macquarie bids for transportation card operator Loca Mobility
Macquarie Asset Management participated in a bid on Dec. 6 to acquire Loca Mobility Corp., Lotte Card Co.’s subsidiary and the second-largest ...
Dec 07, 2022 (Gmt+09:00)
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Energy
SK Gas achieves milestone of zero accidents for 28 consecutive years
SK Gas said on Monday that its liquefied petroleum gas (LPG) import terminal in Pyeongtaek had achieved a record of no accidents for 28 consecutive ...
Dec 05, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Kakao Pay seeks to acquire Loca Mobility up for sale by MBK Partners
Kakao Pay Corp., the mobile payment and digital wallet service unit of South Korean tech giant Kakao Corp., is seeking to acquire Loca Mobility Corp...
Dec 02, 2022 (Gmt+09:00)
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Fintech
Delay in Apple Pay approval for South Korea sends VAN co. shares tumbling
The news of US mobile device giant Apple launching its Apple Pay service in South Korea this month sent the share prices of companies that assist th...
Dec 02, 2022 (Gmt+09:00)
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ESG
SK Inc. bulks up green investments to achieve net zero by 2035
SK Inc., the investment arm of South Korea’s second-largest conglomerate SK Group, is taking preemptive steps to expand its eco-friendly busin...
Dec 01, 2022 (Gmt+09:00)
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Automobiles
Motional expects profit structure improved by 2025
Motional, the US-based self-driving joint venture of South Korea's Hyundai Motor Group, said it expects Motional's profit structure to improve by 20...
Nov 22, 2022 (Gmt+09:00)
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Food & Beverage
Intake bets on alternative meat, zero-calorie drinks for future of food tech
South Korean food tech startup Intake Corp. sells a wide range of meat alternatives, such as plant-based egg substitutes and vegan burger patties.&n...
Nov 10, 2022 (Gmt+09:00)
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Samsung Group
Samsung to only use Qualcomm’s AP for Galaxy S23 series
Samsung Electronics Co. is poised to release the Galaxy S23 series smartphones in mid-February, those familiar with the development told The Korea E...
Nov 07, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Samsung launches upgraded digital wallet to take on Apple Pay
South Korea’s tech giant Samsung Electronics Co. said on Friday it is launching its digital wallet platform in 13 more countries by year-end t...
Oct 14, 2022 (Gmt+09:00)
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Korean games
Nexon late founder’s family inherits all his shares
The wife and two daughters of Nexon’s late founder Kim Jung-ju have inherited all his shares in the game developer’s holding company NXC...
Sep 08, 2022 (Gmt+09:00)
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Carbon neutrality
SK Innovation unveils plans for Scope 3 carbon emission reduction
SK Innovation Co. published its 2022 Net Zero Special Report on the company website on Wednesday, detailing its plan of action for Scope 3 carbon em...
Aug 31, 2022 (Gmt+09:00)
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Private equity
Seoul ordered to fork over $230 mn to Lone Star over KEB deal
An international tribunal delivered a ruling in favor of Lone Star on Wednesday over a dispute with South Korea relating to its 3.9 trillion won ($3...
Aug 31, 2022 (Gmt+09:00)
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Webtoons
Naver Webtoon to pursue profitability with more paying subscribers
South Korea’s Naver Webtoon Corp. is seeking to increase the number of its paying subscribers as the company is shifting its business paradigm...
Aug 30, 2022 (Gmt+09:00)
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Blockchain
S. Korea's digital asset exchange operators bulk up despite crypto winter
Despite being in crypto winter, or a period in which prices of major cryptocurrencies have slid and stayed low for weeks on end, South Korea's bigge...
Aug 17, 2022 (Gmt+09:00)
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Blockchain
SK Telecom launches NFT marketplace open beta service
South Korea’s top mobile carrier SK Telecom Co. launched an open beta service of its non-fungible tokens (NFTs) marketplace TopPort as the com...
Aug 04, 2022 (Gmt+09:00)
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Korean startups
Corporate Korea pumps the brakes on developer pay hikes
South Korea’s biggest technology companies are taking a breather from their spending spree on hiring and retaining top developers, which has b...
Aug 01, 2022 (Gmt+09:00)
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Construction
Hyundai Doosan Infracore declares 1st cash dividend in 14 years
Hyundai Doosan Infracore Co., a South Korean construction equipment company, will pay dividends to its shareholders for the first time in 14 years.A...
Jul 28, 2022 (Gmt+09:00)
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Carbon neutrality
Hyundai Mobis to power all plants with 100% renewable energy by 2040
Automobile companies’ carbon-neutral activities often result in developing and producing eco-friendly vehicles such as electric vehicles and h...
Jul 11, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Google stops KakaoTalk updates over violation of external payment policy
Alphabet Inc.’s Google has halted updates to Kakao Corp.'s KakaoTalk, South Korea's most popular messaging app. An employee of Kakao told...
Jul 06, 2022 (Gmt+09:00)
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Artificial intelligence
LG CNS launches AI robot subscription service for warehouse operators
LG CNS unveiled a cloud-based logistics robot subscription service on Tuesday, which could save warehouse operators a significant amount in upfront ...
Jun 22, 2022 (Gmt+09:00)
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Supply chain
Korean truck drivers end strike as govt agrees to extend wage guarantee
South Korea’s unionized truck drivers have decided to end their eight-day strike after the government agreed to extend minimum wage guarantees...
Jun 15, 2022 (Gmt+09:00)
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Energy
Danfoss installs energy-saving heating systems in Korea's tallest building
SONDERBORG, Denmark – Denmark’s eco-friendly energy system provider Danfoss has made inroads into South Korea, installing its energy-eff...
Jun 14, 2022 (Gmt+09:00)
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Retail
South Korean millennials pay premium for authentic luxury items
South Korea’s traditional retail heavyweights are the unexpected winners of the recent counterfeit controversy in the high-end fashion industr...
May 31, 2022 (Gmt+09:00)
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Tech, Media & Telecom
KT maintains throne in Korea pay TV market in H2 2021
KT Corp., a major South Korean telecommunications company, and its affiliates had the largest subscribers of the country’s pay TV services, ma...
May 19, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Baring PEA to refinance two Korean lenders to recoup investment
Hong Kong-based Baring Private Equity Asia is planning to raise a total of 674 billion won ($532 million) in loans for South Korea's Acuon Capital a...
May 02, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Musinsa seeks to buy Japan-focused rival fashion platform
South Korea's top online fashion platform Musinsa is in the last stages of talks to acquire a domestic rival that caters primarily to Japanese shopp...
Apr 13, 2022 (Gmt+09:00)
Latest News
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