data storage capacity
Scope
Date
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Tech, Media & Telecom
Samsung C&T develops new cooling system for data centers
Samsung C&T Corp. announced on Wednesday that it collaborated with the domestic cooling system tech company DataBean to develop and commercializ...
Feb 14, 2024 (Gmt+09:00)
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Aerospace & Defense
KAI to invest $76 mn in unmanned fighter jets
Korea Aerospace Industries Ltd. (KAI) has announced that it plans to invest 102.5 billion won ($76.64 million) in the development of core technologi...
Feb 14, 2024 (Gmt+09:00)
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Korean startups
Rebellions, Superb AI partner to bolster vision AI
South Korea’s fabless AI chip startup Rebellions Inc. has joined hands with Y Combinator alumnus-led Superb AI Inc., an AI training data platf...
Feb 06, 2024 (Gmt+09:00)
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Earnings
SK Hynix swings to profit; sees 60% surge in HBM demand
SK Hynix Inc. turned a profit in the last quarter of 2023, reversing losses over the past four quarters as high-performance chips such as doubl...
Jan 25, 2024 (Gmt+09:00)
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Future mobility
Hyundai Motor units join hands for logistics solutions
Hyundai Motor Group’s autonomous driving technology arm 42dot Inc. has joined hands with its sister companies Hyundai Glovis Co. and Hyundai C...
Jan 24, 2024 (Gmt+09:00)
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Private equity
PEs exit Korean assets at average 2.5 times purchase price
Global private equity firms, which recover their principal investment in South Korea, sell their assets for 2.5 times the purchase price on average,...
Jan 23, 2024 (Gmt+09:00)
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Pension funds
Korean military fund anchors $142 mn real estate fund
South Korea’s Military Mutual Aid Association (MMAA), a retirement savings fund for military personnel, is set to become an anchor investor in...
Jan 19, 2024 (Gmt+09:00)
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Tech, Media & Telecom
Korea’s Hancom buys document software firm Clipsoft
Hancom Inc., a homegrown office suite developer in South Korea, said on Friday that it has acquired local business-to-business (B2B) digital documen...
Jan 05, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
HD KSOE wins $230 mn order for two VLGCs
South Korea's HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) on Friday said it has secured its first order this year for two very la...
Jan 05, 2024 (Gmt+09:00)
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Aerospace & Defense
Hanwha to develop own gas turbine engine for future growth
CHANGWON, South Gyeongsang Province – Hanwha Group, South Korea’s chemicals-to-defense conglomerate, is set to double its local gas turb...
Jan 04, 2024 (Gmt+09:00)
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Construction
SGC eTEC E&C wins $160 mn plant order in Malaysia
South Korea's SGC eTEC E&C Co. said on Tuesday it has won a 204.7 billion won ($158 million) order to build epichlorohydrin (ECH) and chlor-alka...
Dec 26, 2023 (Gmt+09:00)
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Chemical Industry
Aekyung Chemical acquires LG Chem Vietnam's plasticizer subsidiary
South Korean consumer goods company Aekyung Chemical announced on Friday that it has acquired VPCHEM, the Vietnam subsidiary of LG Chem Ltd., a comp...
Dec 22, 2023 (Gmt+09:00)
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Advertising & Marketing
HS Ad, Coupang to co-work for retail media advertising
South Korea’s HS Ad Inc. announced on Thursday that it will collaborate with the domestic e-commerce giant Coupang for data-based digital mark...
Dec 21, 2023 (Gmt+09:00)
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Energy
LG Energy Solution Vertech wins 10GWh ESS projects in the US
LG Energy Solution Vertech Inc., a Texas-based energy storage system (ESS) supplier, has secured a combined 10-gigawatt hours (GWh) of grid-scale ba...
Dec 21, 2023 (Gmt+09:00)
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Batteries
LG Chem breaks ground on its 1st US cathode plant
CLARKSVILLE, TN – South Korea’s No. 1 chemical maker LG Chem Ltd. striving to become a leading global battery materials player broke gro...
Dec 20, 2023 (Gmt+09:00)
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Tech, Media & Telecom
SK Telecom, Thales jointly strengthen 5G security
South Korea's SK Telecom Co. announced on Tuesday that it collaborated with global data security company Thales for 5G security.According to the com...
Dec 19, 2023 (Gmt+09:00)
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Artificial intelligence
Naver, NHIS to boost data services with HyperCLOVA X
South Korea's leading online portal Naver Corp. and the state-run National Health Insurance Service (NHIS) will collaborate to leverage advanced art...
Dec 18, 2023 (Gmt+09:00)
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Energy
SeAH Wind bags $1.1 bn wind turbine monopile order in UK
South Korean steelmaker SeAH Steel Holdings Corp. said on Thursday its UK subsidiary SeAH Wind Ltd. has won a £900 million ($1.1 billion) orde...
Dec 14, 2023 (Gmt+09:00)
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Artificial intelligence
AI, cloud to rule video surveillance market in 2024: Hanwha Vision
Hanwha Vision Co., formerly Hanwha Techwin, expects the global video surveillance market to undergo a major upgrade with the development of artifici...
Dec 13, 2023 (Gmt+09:00)
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Bio & Pharma
GC Biopharma breaks ground on blood product plant in Indonesia
South Korea’s GC Biopharma Corp. broke ground on Wednesday on Indonesia’s first blood product plant through technology transfer.Indonesi...
Dec 06, 2023 (Gmt+09:00)
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Steel
POSCO starts building industrial gas facilities in Pohang
South Korea’s top steelmaker POSCO started to construct an industrial gas production facility with a capacity of 250,000 tons at its seconda...
Dec 05, 2023 (Gmt+09:00)
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Batteries
STX acquires 20% stake in lithium iron phosphate battery maker IBT
STX Corp., a South Korean general trading company, announced on Friday that it has signed a stock purchase agreement to acquire a 20% stake in the b...
Dec 01, 2023 (Gmt+09:00)
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Energy
Orsted wins 1.6 GW offshore wind power license from Korea
Danish energy company Orsted has secured exclusive rights to build South Korea’s largest offshore wind power complex in a project estimated at...
Dec 01, 2023 (Gmt+09:00)
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Energy
Iljin Electric bags $333 mn high-voltage transformer deal in US
Iljin Electric Co. has won its largest-ever 431.8 billion won ($333.2 billion) order to supply high-voltage transformers to a US energy company, the...
Nov 28, 2023 (Gmt+09:00)
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Batteries
SK, Lotte cut copper foil output; to up Malaysia capacity
SK Nexilis Co. and Lotte Energy Materials Corp., South Korea’s two leading copper foil producers, have continued to reduce factory operation r...
Nov 27, 2023 (Gmt+09:00)
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Chemical Industry
Lotte Fine to invest $99 mn to up green materials sales by 6 times
Lotte Fine Chemical Co., South Korea’s largest ammonia producer, will spend a total of 129 billion won ($99 million) in an aim to become the w...
Nov 24, 2023 (Gmt+09:00)
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Infrastructure
Compelling investment opportunity in US data center market: Principal
Current tenant demand for data centers has never been stronger and is growing at an unprecedented rate. Investors have started to take notice and ma...
Nov 23, 2023 (Gmt+09:00)
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Carbon neutrality
SK E&S partners with East Timor gov't on CCS project
South Korea's SK E&S announced on Wednesday that it signed a mutual cooperation partnership (MCP) with the East Timor Ministry of Petroleum and ...
Nov 22, 2023 (Gmt+09:00)
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Batteries
Trafigura to invest in S.Korea’s EV cell materials maker
Trafigura, a major global commodity trader, is set to invest in a South Korean electric vehicle battery raw materials manufacturer to take advantage...
Nov 17, 2023 (Gmt+09:00)
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Fintech
S.Korea's FNS Value to enter Malaysian fintech market
South Korea's FNS Value announced on Thursday a collaboration agreement with the Malaysian big data technology company Big Dataworks. The two compan...
Nov 16, 2023 (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