generational leadership shift
Scope
Date
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Executive reshuffles
Lotte Group’s 3rd-generation son comes to the fore
Shin Yoo-yeol, the eldest son of Lotte Group Chairman Shin Dong-Bin, was promoted to lead the group’s new division to be launched within its h...
Dec 06, 2023 (Gmt+09:00)
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Aerospace & Defense
KAI inks deal with SpaceX to launch mid-sized satellites in 2025
Korea Aerospace Industries Ltd. (KAI) announced on Friday that it has signed a deal with the US space firm SpaceX to launch South Korea's next-gener...
Dec 01, 2023 (Gmt+09:00)
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Asset management
Flexibility unlocks opportunities: M&G Investments
As central banks fight with post-COVID inflation, the repricing of global interest rates continues to add to global market volatility across both bo...
Nov 30, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung launches next-generation chip process development unit
Samsung Electronics Co., the world’s largest memory chipmaker, has launched a business unit tasked with developing next-generation chip proces...
Nov 29, 2023 (Gmt+09:00)
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Tech, Media & Telecom
LG Uplus to spur generative AI service for new growth: CEO
LG Uplus Corp., a leading mobile carrier in South Korea, is accelerating its generative artificial intelligence business as a new growth driver amid...
Nov 28, 2023 (Gmt+09:00)
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Leadership & Management
Hyundai's Chung Euisun lauded for future-minded leadership
Hyundai Motor Group’s Executive Chairman Chung Euisun is firming his reputation as a leader in the global auto industry as he is once again re...
Nov 27, 2023 (Gmt+09:00)
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Carbon neutrality
Hyundai Motor signs Korea’s largest PPA deal to go carbon neutral
South Korea’s top automaker Hyundai Motor Co. said on Thursday it has signed a power purchase agreement (PPA) with Hyundai Engineering & C...
Nov 23, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
HD Hyundai builds Aegis destroyer with anti-ballistic missiles
ULSAN, South Korea – At the shipyard of HD Hyundai Heavy Industries Co. on Nov. 20 in Ulsan, South Gyeongsang Province, South Korea's ne...
Nov 22, 2023 (Gmt+09:00)
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Bio & Pharma
SK Bioscience to develop 2nd-generation Ebola vaccine
South Korea's SK Bioscience Co. announced on Wednesday that it signed a business agreement with the international non-profit research organization H...
Nov 22, 2023 (Gmt+09:00)
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Batteries
LG Chem, SNU to jointly develop next-generation material
South Korea's LG Chem Ltd. partnered with Seoul National University (SNU) to develop next-generation material technologies, including pivotal materi...
Nov 17, 2023 (Gmt+09:00)
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Automobiles
Automotive supplier Hanon Systems delivers Q3 earnings shock
South Korea's Hanon Systems Corp., a world-leading heat pump systems maker for automobiles, on Thursday reported worse-than-expected results in the ...
Nov 09, 2023 (Gmt+09:00)
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Artificial intelligence
Hankook Tire develops AI-based EV customer analysis system
South Korea's Hankook Tire & Technology announced on Thursday that it has developed a voice of the customer (VOC) analysis system for electric v...
Nov 09, 2023 (Gmt+09:00)
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Electronics
LG Display’s OLED panel gets certifications for eye comfort
South Korea’s LG Display Co. announced on Wednesday its third-generation OLED TV panels got a certification from global safety science resea...
Nov 08, 2023 (Gmt+09:00)
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Artificial intelligence
Samsung unveils generative AI Gauss, to be integrated in Galaxy S24
Samsung Electronics Co. on Wednesday unveiled its first generative artificial intelligence model, Samsung Gauss, to compete with the likes of ChatGP...
Nov 08, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Samsung Electronics hosts AI Forum 2023
Samsung Electronics Co. held on Tuesday the Samsung AI Forum 2023 with the theme of "Super AI for a Better Tomorrow" at the Suwon Convention Center ...
Nov 07, 2023 (Gmt+09:00)
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Artificial intelligence
Socar launches car-sharing service with Naver's generative AI
South Korea’s mobility platform operator Socar Inc. has introduced a car-sharing service utilizing generative artificial intelligence in coope...
Nov 03, 2023 (Gmt+09:00)
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Earnings
Hyundai Motor Group units’ profits double as Chung enters 4th year
South Korea’s Hyundai Motor Group saw the combined operating profit of its 11 affiliates more than double in the third quarter as Chairman Chu...
Nov 02, 2023 (Gmt+09:00)
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Batteries
STX starts exploration drilling at Indonesian nickel mine
South Korea’s general trading company STX Corp. has started works to probe the contents of known ore deposits at an Indonesian nickel mine it ...
Nov 01, 2023 (Gmt+09:00)
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Artificial intelligence
KT unveils B2B generative AI service Mi:dm
South Korean telecom giant KT Corp. on Tuesday unveiled Mi:dm, a generative artificial intelligence (AI) service for corporate clients, at its Seoul...
Oct 31, 2023 (Gmt+09:00)
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Carbon neutrality
SK E&S to pursue cross-border CCS with Australia’s Santos
SK E&S, the clean energy affiliate of South Korea’s No. 2 conglomerate SK Group, has signed a deal on cross-border carbon capture and st...
Oct 31, 2023 (Gmt+09:00)
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Artificial intelligence
Nvidia invests in Korean generative AI startup Twelve Labs
Nvidia Corp., a global chip designer, made its first investment in a South Korean generative artificial intelligence startup as Big Tech companies G...
Oct 24, 2023 (Gmt+09:00)
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Artificial intelligence
LG CNS starts corporate knowledge management service
South Korean information and communications technology service provider LG CNS has launched a service for finding useful knowledge and data within a...
Oct 24, 2023 (Gmt+09:00)
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Batteries
Tesla supplier L&F to ink $15 bn materials deal in Europe
L&F Co., a South Korean electric vehicle battery materials supplier to Tesla Inc., is set to sell products in Europe through an estimated $15 bi...
Oct 23, 2023 (Gmt+09:00)
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Batteries
Samsung SDI inks first battery supply deal with Hyundai
Samsung SDI Co. said on Monday it has signed its first supply agreement with Hyundai Motor Co. to become the South Korean carmaker’s third dom...
Oct 23, 2023 (Gmt+09:00)
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Artificial intelligence
SK C&C AI diagnostic service checks Doosan Enerbility’s plants
SK C&C, a systems integration affiliate of South Korea’s SK Group, on Thursday said it will provide diagnostic services based on generativ...
Oct 20, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung eyes next-generation 5 nm eMRAM auto chip by 2027
Samsung Electronics Co., the world’s largest memory chipmaker, said on Thursday it aims to develop a next-generation 5-nanometer-processed aut...
Oct 19, 2023 (Gmt+09:00)
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Korean games
Korean game sector shifts to consoles as mobile market falls
South Korean game developers are rushing to introduce titles for consoles targeting die-hard players amid the shrinking mobile market.A survey of 10...
Oct 18, 2023 (Gmt+09:00)
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Future mobility
Hyundai’s Supernal, Kia showcase flying car, military drones at ADEX 2023
South Korea’s top automaker Hyundai Motor Group is showcasing the concept of its electric flying car and hydrogen-powered military drones unde...
Oct 17, 2023 (Gmt+09:00)
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Artificial intelligence
LG CNS unveils generative AI platform for biz use
LG CNS, a South Korean information and communications technology service provider specializing in digital transformation (DX), on Thursday launched ...
Oct 13, 2023 (Gmt+09:00)
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Carbon neutrality
SK Chemicals signs VPPA contract with SK E&S
South Korea's SK Chemicals Co. announced on Thursday a virtual power purchase agreement (VPPA) with SK E&S to shift 10% of the electricity used ...
Oct 12, 2023 (Gmt+09:00)
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