fossil fuel replacement
Scope
Date
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Cloud computing
Edge computing revolution to fuel Korea’s growth over the next decade
Korea’s leading firms across multiple industries, from consumer electronics to agricultural equipment, are widening the use of edge computing ...
Jun 30, 2021 (Gmt+09:00)
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Automobiles
Hyundai NEXO, Toyota Mirai to compete in fuel cell cars as Honda exits
Japan’s Honda Motor Co. has announced it is exiting the hydrogen fuel cell vehicle market, leaving Toyota Motor Corp. and South Korea’s ...
Jun 18, 2021 (Gmt+09:00)
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Hydrogen economy
Hyundai to provide hydrogen fuel cell system for world’s first electric car race
South Korea’s Hyundai Motor Group will provide its hydrogen fuel cell system to the world’s first touring race for electric vehicles, Hy...
Jun 11, 2021 (Gmt+09:00)
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Korean food
Hahn & Co. acquires controlling stake in Namyang Dairy Products
South Korea’s private equity (PE) firm Hahn & Co. has acquired a controlling 53% stake in Namyang Dairy Products, acquiring all shares own...
May 27, 2021 (Gmt+09:00)
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Fintech
KakaoBank’s skyrocketing valuation fuels debate on financial reform
There have been near-endless debates regarding the “proper valuation” of KakaoBank, South Korea’s largest internet-only bank that ...
May 25, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Citibank Korea's retail arm sale may fuel M&A market
Citigroup Inc.'s plan to exit from South Korea's retail banking market may invigorate the country's M&A market, with small-sized, non-banking fi...
Apr 16, 2021 (Gmt+09:00)
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Entertainment
HYBE’s music unit split-off plan ignites shareholder concern
HYBE Co., the label behind BTS, will attempt to split off its music business as a separate entity at its general shareholder meeting on May 14. Acco...
Apr 13, 2021 (Gmt+09:00)
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BofA replaces Korea IB head, country manager
Bank of America Merrill Lynch (BofA) has named managing director Cho Chanhee as its South Korean investment banking head to replace Park SeungGu who...
Mar 18, 2021 (Gmt+09:00)
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Mobile networks
Samsung replaces Huawei in Canada as SaskTel’s 5G supplier
Samsung Electronics Co. has been selected as the sole vendor to supply 5G network equipment and solutions to Canadian telecom company SaskTel, based...
Mar 17, 2021 (Gmt+09:00)
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Mergers & Acquisitions
eBay Korea set to fuel rivalry between retail, online giants
The planned sale of eBay Inc.’s South Korean operations is gathering steam ahead of Coupang Corp.'s US stock market listing this week, with th...
Mar 08, 2021 (Gmt+09:00)
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Hydrogen economy
S-Oil invests in fuel cell maker to enter hydrogen energy market
South Korea-based oil refiner S-Oil Corp. is readying to expand its business into the hydrogen energy sector by investing around 8.2 billion won ($7...
Mar 08, 2021 (Gmt+09:00)
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Samsung Group
Lee Kun-hee’s lavish art collection fuels debate on tax payment scheme
The late Samsung Chairman Lee Kun-hee’s lavish art collection is driving South Korea’s art circle to pressure lawmakers to amend the cou...
Mar 04, 2021 (Gmt+09:00)
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Hydrogen economy
Hyundai Motor to ramp up fuel cell car production
South Korea-based Hyundai Motor Co. has decided to produce around 17,000 units of its hydrogen fuel cell electric vehicle (FCEV) this year, thrice t...
Mar 02, 2021 (Gmt+09:00)
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K-pop
NCSoft’s UNIVERSE fuels competition in K-pop entertainment platforms
South Korean game publisher NCSoft Corp. is fueling competition in the online entertainment platform market with the planned launch of its own app, ...
Jan 19, 2021 (Gmt+09:00)
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Batteries
Hyundai inks deal to build first overseas hydrogen fuel cell plant in China
Hyundai Motor Co. has signed a contract to build its first overseas hydrogen fuel cell systems plant in China as the South Korean company aims to en...
Jan 15, 2021 (Gmt+09:00)
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Hydrogen economy
SK Group inks $1.5 bn deal to acquire US hydrogen fuel cell maker Plug Power
South Korea’s SK Group has signed a $1.5 billion deal to acquire a controlling stake in US hydrogen fuel cell maker Plug Power Inc. and launch...
Jan 07, 2021 (Gmt+09:00)
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Batteries
Hyundai Motor to build first overseas hydrogen fuel cell plant in China
Hyundai Motor Co. will build its first overseas hydrogen fuel cell systems plant in China as the South Korean company aims to enter the world’...
Jan 05, 2021 (Gmt+09:00)
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Sovereign wealth funds
KIC replaces alternative investment strategy, PE heads
Korea Investment Corporation has appointed new heads of alternative investment strategy and private equity in a senior management reshuffle carried ...
Dec 29, 2020 (Gmt+09:00)
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Carbon neutrality
Korean govt urged to hike diesel tax, ban fossil fuel cars by 2035
South Korea should raise its tax on diesel to match the price of gasoline and phase out internal combustion engine cars by 2035 to tackle air pollutio...
Nov 24, 2020 (Gmt+09:00)
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Hydrogen economy
Kolon Industries to mass produce key material for fuel cells
Kolon Industries Inc., a South Korean chemical and textile manufacturing company, is readying for the mass production of a key material for fuel cells...
Nov 19, 2020 (Gmt+09:00)
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Automobiles
Hyundai Motor ships fuel cell system to non-automotive European startups
Hyundai Motor Co. has exported its fuel cell system to non-vehicle startups in Europe, expanding its hydrogen business beyond the automobile industry,...
Sep 16, 2020 (Gmt+09:00)
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Kakao Games
Kakao Games shares hit upper limit for two consecutive days, further fueling IPO hype
Kakao Games Corp. shares reached the daily upper limit for the second consecutive day on Sept. 11, pushing the company to the third place on KOSDAQ wi...
Sep 11, 2020 (Gmt+09:00)
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fuel-cell electric vehicles
[Upcoming IPO] Korean fuel-cell tank maker Iljin Composites gears up to become industry champion
The production of fuel-cell tanks is in full swing at Iljin Composites' factory, a restricted area tightly guarded with strict identification controls...
Sep 04, 2020 (Gmt+09:00)
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Kakao Games
Kakao Games raises whopping $49.3 bn in subscriptions fueling IPO hype
Kakao Games Corp. has set a fresh record raising over 58.6 trillion won ($49.3 billion) in deposits during its two-day public subscription on Sep...
Sep 02, 2020 (Gmt+09:00)
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Renewable energy
Hanwha eyes gains running hydrogen fueling stations for US startup
Hanwha Group may exercise its rights to operate more than 700 hydrogen fueling stations to be built across the US and Canada by US hydr...
Aug 17, 2020 (Gmt+09:00)
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ADIA seeks to exit Seoul office building as new supply fuels competition
Abu Dhabi Investment Authority (ADIA) will put a 14-story office building in Seoul up for sale, in a deal expected to fetch between 550 billion and 60...
Aug 15, 2018 (Gmt+09:00)
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NPS replaces global alternative head in internal moves of senior managers
The National Pension Service (NPS) appointed its domestic alternative division head, Sang-Hyun Yoo, as the new head of the global alternative division...
Jul 12, 2016 (Gmt+09:00)
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Korea Post names new insurance asset head from within; 3rd replacement in 1 year
Korea Post has appointed a long-serving senior government official as the new head of its insurance asset investments who will also take a quasi-chief...
Jul 05, 2016 (Gmt+09:00)
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Korean startups
TEST Robots, AI replace human workers at Kia’s EV6 manufacturing factory
Electric vehiclesHyundaiMotor, Kia, TechKia Corp., South Korea’s second-largest automaker, has unveiled the automated manufacturing process at...
1 MINUTES AGO
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Shipping & Shipbuilding
Korean shipbuilders win record LNG carrier orders; 2022 outlook bright
South Korea’s three major shipbuilders have swept global orders for LNG carriers, more profitable than oil tankers and container ships, am...
1 MINUTES AGO
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