annual sales target
Scope
Date
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Energy
Hanwha, LG join hands to take on Tesla with solar energy package
LG and Hanwha groups will join forces to develop and sell solar energy devices as a package to challenge Tesla Inc., the leader in the solar energy ...
Feb 03, 2025 (Gmt+09:00)
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Korean chipmakers
Magnachip, up for sale again, contacts Samsung, LG, LX
South Korean chipmaker Magnachip Semiconductor Corp. is on the market again four years after the US blocked a takeover by a Chinese private equity f...
Feb 02, 2025 (Gmt+09:00)
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Economy
Korean exports snap 15 months of gains in Jan despite higher chip sales
South Korea’s exports dropped in January on-year for the first time in 16 months due to more holiday days in the month, although overseas sale...
Feb 02, 2025 (Gmt+09:00)
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Retail
Korean sportswear brand Fila thrives in China, boding well for 2025 profit
South Korean sportswear brand Fila Holdings Corp. posted a loss in the fourth quarter of last year, hit by the downturn in the apparel industry and ...
Jan 31, 2025 (Gmt+09:00)
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Earnings
Kia hits record 2024 sales; profit margins highest among global automakers
South Korea’s second-largest automaker Kia Corp. on Friday posted its highest-ever annual sales, operating profit and profit margins in 2024, ...
Jan 24, 2025 (Gmt+09:00)
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Bio & Pharma
Partners Investment, GordonMD eye $150 mn biotech fund launch
South Korean venture capital firm Partners Investment said on Thursday it will raise up to 215.5 billion won ($150 million) in a biotech fund jointl...
Jan 23, 2025 (Gmt+09:00)
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Earnings
Hyundai Motor logs record sales for two straight years on SUVs, hybrids
South Korea’s top automaker Hyundai Motor Co. on Thursday posted its largest-ever sales for a second consecutive year, driven by robust sales ...
Jan 23, 2025 (Gmt+09:00)
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Debt financing
Korean bonds heavily oversubscribed in January boom
South Korea’s debt market got off to a strong start this year, as several blue chip companies made a bold return to the bond market for new is...
Jan 22, 2025 (Gmt+09:00)
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Earnings
Samsung Biologics posts record 2024 sales, operating profit as it goes global
South Korea's Samsung Biologics Co., the world’s largest contract drugmaker, on Wednesday posted its largest-ever annual sales and operating p...
Jan 22, 2025 (Gmt+09:00)
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Beauty & Cosmetics
Sales of K-Beauty surges in US e-commerce
The popularity of South Korean cosmetics in the US has increased, with sales of the products growing at four to five times the rate of the market ...
Jan 21, 2025 (Gmt+09:00)
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E-commerce
Coupang, Naver in dead heat for South Korea’s e-commerce market lead
Coupang Inc. and Naver Corp., South Korea's top two e-commerce players, are expected to further narrow the gap in their race for the market lead thi...
Jan 21, 2025 (Gmt+09:00)
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Aerospace & Defense
Hanwha Aerospace nears $276 million K9 howitzer deal with Vietnam
South Korea’s Hanwha Aerospace Co. is close to signing a 400 billion won ($276 million) deal to export as many as 30 units of the K9 Thunder s...
Jan 20, 2025 (Gmt+09:00)
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Mergers & Acquisitions
DIG Airgas, Air Products Korea: Two Korean megadeals in the offing
South Korea’s mergers and acquisitions market is gearing up for two megadeals involving specialty gas makers, worth 5 trillion won ($3.4 billi...
Jan 17, 2025 (Gmt+09:00)
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Mergers & Acquisitions
Macquarie kicks off sale of DIG Airgas estimated at over $3.4 billion
Macquarie Asset Management has embarked on a process to sell off its 100% stake in South Korea’s third-largest industrial gas producer DIG Air...
Jan 13, 2025 (Gmt+09:00)
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Automobiles
Hyundai Mobis to boost US production to cope with Trump
LAS VEGAS -- Hyundai Mobis Co., the world’s fifth-largest auto parts maker, plans to beef up its US production to cope with President-elect Do...
Jan 12, 2025 (Gmt+09:00)
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Real estate
NCSOFT’s NC Tower up for sale with its value estimated at $272 million
The sales of several office buildings along Teheran-ro in Seoul's upscale Gangnam Business District (GBD) are gaining momentum.The bidding for the...
Jan 10, 2025 (Gmt+09:00)
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Automobiles
Hyundai Motor: First auto brand available for purchase on Amazon Autos
You can now buy a Hyundai on Amazon.You read that right. You can buy a vehicle on the same site where you purchase dinosaur balloons and roller skat...
Jan 08, 2025 (Gmt+09:00)
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Debt financing
POSCO’s new bond sale seven times oversubscribed
South Korean steelmaker POSCO’s new bond issue for 500 billion won ($343 million) was seven times oversubscribed, which may encourage the comp...
Jan 07, 2025 (Gmt+09:00)
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Automobiles
Hyundai, Kia sell 7.23 mn units together in 2024, eye more sales in 2025
Hyundai Motor Co. and its sibling Kia Corp. have set a target to sell a combined 7.39 million units around the globe this year with greater focus on...
Jan 03, 2025 (Gmt+09:00)
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Shareholder activism
Korean activist investors to routinize campaigns throughout year
South Korea’s activist investors are set to routinize campaigns all year long rather than launch fresh moves only before annual general meetin...
Jan 03, 2025 (Gmt+09:00)
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Real estate
Seoul office sales rebound for first time in 4 years in 2024
The Seoul office market bounced back for the first time in four years in 2024, with transaction volume soaring 78.7% to 13.4 trillion won ($9.1 bill...
Jan 03, 2025 (Gmt+09:00)
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Webtoons
S.Korea's webtoon industry sales surpasses $1.36 bn
South Korea's webtoon market size surpassed 2 trillion won ($1.36 billion) for the first time. The South Korean Ministry of Culture, Sports and...
Jan 03, 2025 (Gmt+09:00)
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Retail
E-Land manages New Balance’s record $689 mn in Korean sales
South Korea’s retail giant E-Land Group has achieved 1 trillion won ($689 million) in Korean sales of the global sports footwear and apparel b...
Dec 23, 2024 (Gmt+09:00)
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Real estate
GIC drops Seoul landmark building sale on Korea’s political woes
Singapore’s GIC Private Ltd., the world’s sixth-largest sovereign wealth fund, dropped the sale of a landmark building in Seoul due to t...
Dec 19, 2024 (Gmt+09:00)
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Central bank
S.Korea’s c.bank chief sees limited impact of political turmoil on economy
South Korea’s central bank chief said on Wednesday the impact of political turmoil caused by martial law on Asia’s fourth-largest econom...
Dec 18, 2024 (Gmt+09:00)
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Bio & Pharma
Celltrion BioSolutions launched to venture into CDMO
Celltrion Inc. on Tuesday launched its contract development and manufacturing organization unit Celltrion BioSolutions Co. in its foray into the CDM...
Dec 17, 2024 (Gmt+09:00)
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Automobiles
Korea’s commercial vehicle sales tumble on economic slowdown
South Korea’s commercial vehicle sales are plunging on sluggish domestic demand amid a slowdown in Asia’s fourth-largest economy.Local s...
Dec 12, 2024 (Gmt+09:00)
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Real estate
GIC to open 2nd tender for Seoul landmark building sale as bids disappoint
Singapore’s GIC Private Ltd., the world’s sixth-largest sovereign wealth fund, is set to seek more proposals from bidders to sell a land...
Dec 11, 2024 (Gmt+09:00)
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Food & Beverage
Samyang Foods releases export-only ramyun brand in Thailand
South Korea's Samyang Foods Co. said on Wednesday it launched the new export-only ramyun brand Mep in Thailand. Mep is the second brand for the...
Dec 11, 2024 (Gmt+09:00)
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Upcoming IPOs
LG CNS to use IPO proceeds to buy foreign IT firm
LG CNS Co., the information technology service unit of South Korea’s LG Group, plans to acquire a foreign IT company with the proceeds from it...
Dec 09, 2024 (Gmt+09:00)
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