cargo unit sale
Scope
Date
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E-commerce
Qoo10’s Korean units delay seller payments amid expansions
Southeast Asia-based e-commerce platform Qoo10 Pte.’s units in South Korea delayed seller payments as industry sources said the online shoppin...
Jul 24, 2024 (Gmt+09:00)
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Banking & Finance
KB Financial's quarterly profit hits record on interest margin growth
South Korea’s largest financial holding group KB Financial Group Inc. has logged its record quarterly profit in the April-June period, thanks ...
Jul 24, 2024 (Gmt+09:00)
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Electronics
Rebound in large OLED TV demand bodes well for LG Display, Samsung
In the flat panel market, South Korea’s two display makers – LG Display Co. and Samsung Display Co. – have been bleeding for years...
Jul 23, 2024 (Gmt+09:00)
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Automobiles
LG Innotek to foster car communication parts business with digital key
South Korea’s LG Innotek Co. aims to accelerate growth in the global auto communication parts market with a new digital car key as its parent ...
Jul 22, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Handsome's luxury skincare brand Oera lures Chinese tourists
South Korean clothing manufacturer and retailer Handsome Corp., a Hyundai Department Store Co. unit, is enjoying growing popularity among Chinese vi...
Jul 22, 2024 (Gmt+09:00)
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Automobiles
Genesis GV80 global sales hit record high in Jan-June 2024
The sport utility vehicle GV80 under Hyundai Motor Co.'s premium Genesis brand recorded its highest half-year sales in the first half of this year, ...
Jul 21, 2024 (Gmt+09:00)
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Mergers & Acquisitions
MG Non-Life Insurance deal falls through with no bidders
The sale of South Korean mid-sized insurer MG Non-Life Insurance Co. has been canceled as the financially distressed insurer failed to attract any b...
Jul 19, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Brokerage firm Hanyang Securities' 11.3% stake up for sale
South Korea’s Hanyang University Foundation has decided to sell 11.3% of common shares and all the preferred stocks it holds in brokerage arm ...
Jul 19, 2024 (Gmt+09:00)
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Automobiles
Chevrolet All New Colorado's initial volume sold out in S.Korea
GM Korea Co., the South Korean unit of US auto giant General Motors Co., announced on Friday that its pickup truck Chevrolet All New Colorado, with ...
Jul 19, 2024 (Gmt+09:00)
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Food & Beverage
Pulmuone's Tofu Bar sold 70 mn units in Japan
Asahiko, the Japanese subsidiary of South Korea's Pulmuone, announced on Friday that its protein snack Tofu Bar has sold more than 70 million units ...
Jul 19, 2024 (Gmt+09:00)
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Retail
Struggling Korean retail stores lick Dubai chocolate, Dippin' Dots
Back in 2022 when the COVID-19 pandemic was rampant, South Korea’s convenience stores (CVs) saw their sales fly high as people dropped by smal...
Jul 19, 2024 (Gmt+09:00)
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Leadership & Management
Hanwha Group to expand stock compensation to team chiefs
South Korea’s No. 7 conglomerate Hanwha Group will expand its restricted stock units (RSUs) to encourage employee interest in the company&rsqu...
Jul 18, 2024 (Gmt+09:00)
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Bio & Pharma
Celltrion's Remsima SC breaks 20% market share in Europe
South Korea's biopharmaceutical company Celltrion Inc. said on Wednesday that its subcutaneous autoimmune disease treatment Remsima SC has surpassed...
Jul 17, 2024 (Gmt+09:00)
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Electronics
Samsung Galaxy Z foldable's pre-sales soars 40% rise in India
Samsung Electronics Co.'s latest foldable phones showed strong sales potential in India, the world's most populous country, with pre-sales for the G...
Jul 17, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Korean cosmetics makers see record Q2 profits led by exports
South Korean cosmetics original development and design manufacturers (ODMs) such as Cosmax Inc., Kolmar Korea Co. and Cosmecca Korea Co. are estimat...
Jul 17, 2024 (Gmt+09:00)
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Automobiles
GM Korea’s 2024 sales growth likely stunted due to protracted labor strike
GM Korea Co., the South Korean unit of US auto giant General Motors Co., faces growing disruptions to its vehicle production amid a protracted labor...
Jul 17, 2024 (Gmt+09:00)
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Corporate restructuring
SK Ecoplant to merge tech unit for group restructuring
SK Ecoplant Co., a South Korean construction engineering and waste management company, is set to merge a profit-making technology subsidiary of the ...
Jul 16, 2024 (Gmt+09:00)
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Retail
More luxury brands seek Korean market on sales surge
South Korea’s luxury goods market, estimated at around $7.1 billion, is experiencing a surge in demand led by affluent consumers in their 40s ...
Jul 16, 2024 (Gmt+09:00)
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Automobiles
Renault Korea begins mass production of Grand Koleos
Renault Korea announced on Tuesday that it has started mass production of the D-segment hybrid sports utility vehicle (SUV) New Renault Grand Koleos...
Jul 16, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Hanyang Securities up for sale; in talks with KCGI, Woori
Hanyang Securities Co., a small South Korean brokerage firm, has been put on the market as its parent Hanyang University Foundation scrambles to kee...
Jul 15, 2024 (Gmt+09:00)
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Electronics
Samsung Chairman Lee visits India for Ambani wedding
Samsung Electronics Co. Chairman Jay Y. Lee on Thursday visited India for the wedding of Anant Ambani — the youngest son of Asia’s riche...
Jul 12, 2024 (Gmt+09:00)
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Chemical Industry
Hyosung to sell its specialty gas unit for $943 mn to Korean PEs
South Korea’s Hyosung Group is poised to sell a 100% stake in its specialty and industrial gas unit to a consortium led by IMM Private Equity ...
Jul 12, 2024 (Gmt+09:00)
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Bio & Pharma
Samsung to invest $52 mn in US biotech VC Flagship Pioneering
Samsung C&T Corp., its bio units Samsung Biologics Co. and Samsung Bioepis Co. and Samsung Venture Investment Corp. have committed a combined 72...
Jul 11, 2024 (Gmt+09:00)
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Investment banking
SK Securities becomes lead IPO manager for 1st time since 2018
SK Securities Co., formerly a unit of South Korea’s No. 2 conglomerate SK Group, is expanding its presence in the domestic equity capital mark...
Jul 10, 2024 (Gmt+09:00)
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Aerospace & Defense
Hanwha Aerospace to export $938mn K9 howitzer to Romania
Hanwha Aerospace Co., South Korea’s major aerospace and defense system developer, signed a 1.3 trillion won ($938 million) contract to supply ...
Jul 10, 2024 (Gmt+09:00)
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Artificial intelligence
Korea’s edtech startups defend against global giants with AI
South Korea’s major online adult education platforms improved their earnings powered by classes on artificial intelligence, defying concerns o...
Jul 09, 2024 (Gmt+09:00)
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Automobiles
GM Korea supplier Erae cs eyes revival by unit sales
A controlling stake in Erae AMS Co., formerly Delphi Automotive Systems’ South Korean affiliate, is on sale with eight potential bidders eyein...
Jul 08, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor car sales hit record in India for 1st half
Hyundai Motor Co. delivered its record-high number of cars in India during the first six months of this year but lost share in the fiercely competit...
Jul 07, 2024 (Gmt+09:00)
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Earnings
LG Elec logs record Q2 earnings on home appliances, car parts
South Korean tech giant LG Electronics Inc. is expected to log its record second-quarter revenue and operating profit thanks to robust sales of home a...
Jul 05, 2024 (Gmt+09:00)
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Earnings
Samsung’s Q2 profit soars on AI chips; second-half outlook rosy
South Korean tech giant Samsung Electronics Co. on Friday flagged a more than 15-fold increase in its second-quarter operating profit as the artific...
Jul 05, 2024 (Gmt+09:00)
Latest News
- 1 Seoul appeal: Korean art captivates Indonesia’s affluent connoisseurs
- 2 CJ CheilJedang scraps $3.5 bn green bio sale, shifts gears to expansion
- 3 Trump Jr. meets Korean business chiefs in back-to-back sessions
- 4 Samsung in talks to supply customized HBM4 to Nvidia, Broadcom, Google
- 5 Kookmin Bank raises $700 mn in forex bonds amid strong demand