cross-border e-commerce
Scope
Date
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Tech, Media & Telecom
Kakao to launch conversational AI platform for B2C commerce
South Korean mobile platform giant Kakao Corp. said on Thursday that it will accelerate its artificial intelligence push by launching a conversation...
Aug 08, 2024 (Gmt+09:00)
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Construction
SGC E&C secures $189 mn petrochem facility project in Saudi Arabia
SGC Engineering & Construction (E&C), a specialist in design, procurement and construction (EPC), said on Thursday that it has signed a cont...
Aug 08, 2024 (Gmt+09:00)
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E-commerce
Coupang posts 1st quarterly loss in two years; revenue soars
Coupang Inc., South Korea's e-commerce behemoth, posted its first quarterly loss in two years after booking the hefty fine imposed in relation to it...
Aug 07, 2024 (Gmt+09:00)
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Korean chipmakers
US to award SK Hynix up to $450 mn for Indiana chip complex
The US government said on Tuesday it plans to provide SK Hynix Inc., the world’s leading high-bandwidth memory (HBM) chipmaker, up to $450 mil...
Aug 07, 2024 (Gmt+09:00)
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E-commerce
Korean e-commerce startup funding sharply drops since 2022
South Korean e-commerce companies have seen a sharp decline in series A funding over the past three years amid intensifying competition with Chinese...
Aug 06, 2024 (Gmt+09:00)
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E-commerce
Korean e-commerce platforms struggle to draw new capital
South Korean online marketplace operators are struggling to attract investors amid deteriorating profitability and the financial turmoil facing dome...
Aug 05, 2024 (Gmt+09:00)
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Construction
Hyundai E&C unveils new Hillstate brand video
South Korea's Hyundai Engineering & Construction Co. (Hyundai E&C) announced on Friday the release of a new Hillstate brand film titled "Wha...
Aug 02, 2024 (Gmt+09:00)
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Construction
SGC E&C secures $92 mn chemical plant project in Malaysia
South Korea's SGC eTEC E&C Co. announced on Monday that it secured an additional chemical plant construction project in Malaysia worth 127.3 bil...
Jul 29, 2024 (Gmt+09:00)
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Fashion
F&F to expand Discovery brand across Asia
F&F Co., a South Korean clothing company, said on Monday it signed an exclusive deal with Warner Bros. Discovery (WBD) to bring the outdoor bran...
Jul 29, 2024 (Gmt+09:00)
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Retail
E-Mart’s No Brand success story: A Korean snack chain goes global
When South Korean convenience store operator E-Mart Inc. launched its low-budget house label No Brand in 2015, few thought it would last long.Under ...
Jul 26, 2024 (Gmt+09:00)
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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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Electric vehicles
Hyundai eyes Japan’s commercial EV market in e-bus deal with Iwasaki
South Korean top automaker Hyundai Motor Co. said on Tuesday it is supplying its all-electric Elec City Town buses to Iwasaki Group, effectively ent...
Jul 23, 2024 (Gmt+09:00)
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Corporate restructuring
SK Innovation to be Asia’s top energy company through merger
SK Innovation Co., South Korea’s largest energy company, is set to become the industry leader in Asia through a merger with an affiliate while...
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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Energy
POSCO E&C, KAERI to collaborate on HTGR techs
South Korea's POSCO E&C said on Monday that it signed a memorandum of understanding (MOU) with the Korea Atomic Energy Research Institute (KAERI...
Jul 16, 2024 (Gmt+09:00)
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Central bank
BOK, Indonesia to cooperate on cross-border payments
The Bank of Korea (BoK) announced on Monday that it signed a memorandum of understanding (MOU) with Bank Indonesia (BI) for the bilateral cooperatio...
Jul 16, 2024 (Gmt+09:00)
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Corporate restructuring
Affinity-backed SSG.COM offers 1st voluntary redundancies
Money-losing SSG.COM, once the most popular online shopping mall in South Korea, is asking some of its employees to volunteer to leave the company f...
Jul 05, 2024 (Gmt+09:00)
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Batteries
Time to revive innovator spirit: LG Energy Solution CEO
South Korea’s top battery maker LG Energy Solution Ltd., also the world’s No. 3, must accelerate innovation and prop up fundamentals to ...
Jul 04, 2024 (Gmt+09:00)
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E-commerce
Korean grocery delivery platform Oasis to buy e-commerce 11Street
South Korean grocery delivery platform Oasis Corp. is poised to acquire the country’s leading e-commerce operator 11Street Co. to ramp up its ...
Jul 03, 2024 (Gmt+09:00)
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E-commerce
Shopee to ramp up Korean goods sales in Vietnam, Thailand
Shopee Pte. Ltd., an e-commerce operator, plans to quadruple sales of South Korean products in Vietnam and Thailand by 2025 aiming to expand its glo...
Jun 27, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Amazon to back K-Beauty’s broader global reach
US e-commerce juggernaut Amazon.com Inc. will offer South Korean cosmetics producers one-stop support to enable them to reach millions of customers ...
Jun 26, 2024 (Gmt+09:00)
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Retail
E-Mart24 opens first store in Cambodia
South Korea's convenience store chain E-Mart24 Inc. announced on Sunday that it opened its first store in Boeung Keng Kang, a bustling district of P...
Jun 24, 2024 (Gmt+09:00)
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Hydrogen economy
Hyundai E&C to build S.Korea's first nuclear-linked hydrogen plant
South Korea's Hyundai Engineering & Construction Co. (Hyundai E&C) will lead a consortium to build the nation's first hydrogen production fa...
Jun 20, 2024 (Gmt+09:00)
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Mergers & Acquisitions
SK Innovation looks to merge with SK E&S for organic growth
SK Innovation Co., the parent of South Korea’s largest oil refiner SK Energy Co. and battery maker SK On Co., is looking to merge with energy ...
Jun 20, 2024 (Gmt+09:00)
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Executive reshuffles
Shinsegae hires Alibaba Korea head to lead online mall Gmarket
Shinsegae Group, South Korea’s retail giant, on Wednesday launched sweeping top-level management overhauls for Gmarket Inc. and SSG.COM. to ti...
Jun 19, 2024 (Gmt+09:00)
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E-commerce
Coupang fined $102 mn for alleged search algorithm manipulation
Coupang Inc., South Korea’s largest e-commerce platform, was fined 140 billion won ($102 million) on Thursday for allegedly manipulating searc...
Jun 13, 2024 (Gmt+09:00)
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E-commerce
Affluent Gen Xers lead e-commerce shopping in South Korea
Affluent Generation Xers, also pioneers in the digital landscape who navigated the early days of personal computing and witnessed the advent of the ...
Jun 13, 2024 (Gmt+09:00)
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Energy
Hyundai E&C, KAERI partner to commercialize next-gen reactors
Hyundai Engineering & Construction Co. (Hyundai E&C) announced on Wednesday that it signed a public-private partnership agreement for the so...
Jun 12, 2024 (Gmt+09:00)
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Hydrogen economy
Hyundai E&C to build Korea's 1st electrolysis-based hydrogen plant
Hyundai Engineering & Construction Co. (Hyundai E&C) has broken ground on South Korea’s first hydrogen production plant using water el...
May 30, 2024 (Gmt+09:00)
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North Korea
Kim Jong Un’s Balloon Barrage: Bags of Excrement Fly Into the South
SEOUL—An unusual sight drifted into South Korean skies on Wednesday: Large white balloons carrying plastic bags of North Korean trash. Some co...
May 30, 2024 (Gmt+09:00)