alternative credit scoring system
Scope
Date
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Pension funds
Teachers' Pension to up global alternatives to 19% of AUM by 2027
Teachers’ Pension (TP), South Korea’s major pension fund for private school employees, will accelerate investment in domestic bonds whil...
Jun 01, 2023 (Gmt+09:00)
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Pension funds
NPS vows to raise alternative investment ratio, cut bond purchases
South Korea’s National Pension Service (NPS), the world’s third-largest public pension fund, plans to raise the ratio of its alternative...
Jun 01, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Samsung Heavy starts to construct ammonia test facility
South Korean shipbuilder Samsung Heavy Industries announced on Thursday that it has commenced the construction of an ammonia test facility at ...
Jun 01, 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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Aerospace & Defense
Hanwha Systems to provide antijam radio to S.Korean military
South Korea's Hanwha Systems Co. announced on Wednesday that it has been selected as the preferred bidder for the Air-to-Ground Communication Radi...
May 31, 2023 (Gmt+09:00)
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Economy
S.Korea mulls adding national pension benefits to raise birth rate
South Korea's Ministry of Health and Welfare is considering adding national pension benefits for married couples to raise the ever-declining birth r...
May 31, 2023 (Gmt+09:00)
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Automobiles
Schaeffler Korea to produce parts for hybrid cars, EVs
Schaeffler Korea Corp., the largest plain and roller bearing provider to automotive and industrial sectors in South Korea, is set to celebrate 70 ye...
May 30, 2023 (Gmt+09:00)
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Artificial intelligence
POSCO to develop internal-use AI tool to replace ChatGPT
Steel giant POSCO Group has embarked on the development of an AI chatbot for internal use amid growing concerns about data leaks through generative ...
May 28, 2023 (Gmt+09:00)
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Electronics
LG Electronics blocks access to generative AI in company
LG Electronics Inc. has decided to block access to generative AI services through its intranet. Industry sources said on Friday, LG Electroni...
May 26, 2023 (Gmt+09:00)
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Energy
Moody’s cuts credit view on KEPCO to lowest investment grade
Moody’s on Friday cut its view on KEPCO’s credit to the lowest investment grade, a move that could lead the rating agency to downgrade t...
May 26, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Naver Cloud builds S.Korea’s first 5G network at construction site
Naver Cloud for the first time in South Korea has launched a specialized 5G mobile communications network at an apartment construction site.The comp...
May 26, 2023 (Gmt+09:00)
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Electric vehicles
Hanon to build $40 mn heat pump systems plant in US state of Georgia
Hanon Systems Corp., a South Korean thermal management systems provider for automakers, is set to inject $40 million to establish a plant in the US ...
May 24, 2023 (Gmt+09:00)
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Aerospace & Defense
LIG Nex1 secures $75 mn contract for KSIS military ground segment
South Korean aerospace manufacturer and defense company LIG Nex1 Co. announced on Wednesday a $75 million (99.1 billion won) contract with the count...
May 24, 2023 (Gmt+09:00)
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Tech, Media & Telecom
KT Cloud to adopt liquid immersion cooling system for data centers
South Korea’s KT Cloud on Tuesday said it signed a deal with Immersion 4, a Swiss provider of liquid cooling solutions, to install next-gene...
May 24, 2023 (Gmt+09:00)
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Chemical Industry
Kolon Industries to develop biodegradable plastics
Kolon Industries Inc., a South Korean chemical and textile manufacturer, is embarking on the development of biodegradable plastics using food wast...
May 23, 2023 (Gmt+09:00)
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Aerospace & Defense
Hanwha Systems soon to install radar on S.Korea fighter jet
The active electronically scanned array (AESA) radar developed jointly by the Agency for Defense Development (ADD) and defense contractor Hanwha Sys...
May 19, 2023 (Gmt+09:00)
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Capital raising
LS Group's US affiliate SPSX to raise $150 mn in pre-IPO
LS Group’s US cable affiliate Superior Essex (SPSX) plans to raise $150 million (200 billion won) via a South Korean private equity fund (PEF)...
May 19, 2023 (Gmt+09:00)
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Waste management
SK C&C to develop solution to prevent recycling fraud
SK C&C, an information and communications technology affiliate of South Korea’s SK Group, on Thursday said it is developing a system for t...
May 19, 2023 (Gmt+09:00)
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Aerospace & Defense
Hanwha Systems, KAI sign contracts to develop SAR satellites
Hanwha Systems Co. and Korea Aerospace Industries Ltd., Korea’s two leading aerospace and defense companies, have clinched deals with a govern...
May 18, 2023 (Gmt+09:00)
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Corporate strategy
SK, Hana Financial groups to jointly develop credit rating model
South Korea’s SK Group and Hana Financial Group are jointly developing a next-generation credit rating model for the financially disadvantaged...
May 17, 2023 (Gmt+09:00)
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Bio & Pharma
K-Bio Lab Hub, Japan's iPark to jointly support bio startups
South Korean Ministry of SMEs and Startups announced on Friday that it has reached the previous day an agreement with Japan's iPark Institute duri...
May 12, 2023 (Gmt+09:00)
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Aerospace & Defense
Hanwha Systems wins $34.5 mn CMS order from Philippine Navy
South Korea's Hanwha Systems Co. revealed on Friday its bid to provide its domestically developed combat management system (CMS) to six 2,400-t...
May 12, 2023 (Gmt+09:00)
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Automobiles
LG Electronics' German affiliate gets partner for vehicle front development
ZKW Group of Germany, an automotive lighting and headlight affiliate of LG Electronics Inc., on Thursday said it signed a memorandum of understandin...
May 12, 2023 (Gmt+09:00)
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Pension funds
NPS' alternative assets underperform benchmark amid high inflation
National Pension Service (NPS) in South Korea, the world’s third-largest pension fund, saw its returns on alternative investments last year un...
May 11, 2023 (Gmt+09:00)
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Bio & Pharma
Lemonex signs MOU with WHO mRNA vaccines tech hub
South Korea's gene therapeutics developer Lemonex announced on Tuesday that it has signed a memorandum of understanding (MOU) with the World Health ...
May 09, 2023 (Gmt+09:00)
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Business & Politics
Hyundai Motor, Kia to receive 25% tax credit for EV plant spending
ULSAN, South Gyeongsang Province – South Korea’s Hyundai Motor Co. is poised to receive a 25% tax credit for its planned investment in a...
May 09, 2023 (Gmt+09:00)
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Korean startups
S.Korean startups eye on Southeast Asia as promising market
SINGAPORE - Southeast Asia with a youth population constituting about one-third of the region’s total population and surging internet penetrat...
May 08, 2023 (Gmt+09:00)
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ASK 2023
Alternative investment forum ASK 2023 to kick off May 17 in Seoul
South Korean institutional investors, including the world’s third-largest pension fund National Pension Service (NPS), and global asset manage...
May 04, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Hyundai AutoEver, LS Electric adopt Ieum 5G for production lines
South Korea's automotive internet sales company Hyundai AutoEver and electrical equipment and automation specialist LS Electric Co. have adopted Ieu...
May 03, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung foundry backlogs top $74.6 bn for logic chip biz goal
Samsung Electronics Co., the world’s No. 2 foundry player, has secured contract semiconductor manufacturing order backlogs of more than 100 tr...
Apr 30, 2023 (Gmt+09:00)
Latest News
- 1 Hyundai, LG to jointly develop EV battery swapping service
- 2 Japan golf courses, Korean investors’ new target assets
- 3 Coupang fined for alleged search algorithm manipulation
- 4 Korea to lift short-selling ban after leveling playing field
- 5 SK Energy to cut emissions with combined heat power system