incentive agreement
Scope
Date
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Pension funds
NPS to mull responsible investment system for alternative investments
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, is poised to consider expanding its responsible in...
Mar 13, 2025 (Gmt+09:00)
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Bio & Pharma
SK Bioscience, Sanofi to develop next-gen pneumococcal vaccines
South Korea's SK Bioscience Co. said on Friday it signed an expanded agreement with Sanofi to co-develop next-generation pneumococcal conjugate vacc...
Dec 23, 2024 (Gmt+09:00)
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Business & Politics
US finalizes $4.7 bn chip subsidy for Samsung before Trump takes office
WASHINGTON – The US finalized a $4.7 billion government subsidy for Samsung Electronics Co.'s planned microchip facilities in Texas about a mo...
Dec 22, 2024 (Gmt+09:00)
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Food & Beverage
Fried chicken chain bhc to enter Indonesia in 2025
South Korea’s fried chicken brand bhc Group said on Tuesday it signed a master license agreement with Indonesia's Nachindo Group to enter the ...
Dec 17, 2024 (Gmt+09:00)
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Corporate restructuring
S.Korea to restructure ailing petrochemical industry
South Korea plans to restructure the struggling domestic petrochemical industry amid intensifying competition with Chinese rivals and oversupply by ...
Nov 21, 2024 (Gmt+09:00)
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Batteries
LG Chem signs deal to secure 100,000 tons of lithium from ExxonMobil
South Korea’s top chemicals maker LG Chem Ltd. said on Thursday it has signed an initial agreement to secure a key battery material from US mu...
Nov 21, 2024 (Gmt+09:00)
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Aerospace & Defense
Hyundai Rotem to supply ground weapons to Peru
South Korea's Hyundai Rotem Co. said on Monday it signed an agreement with the Peruvian Army to supply K2 main battle tanks, armored vehicles, and o...
Nov 18, 2024 (Gmt+09:00)
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Electric vehicles
Korean EV, battery makers to suffer from Trump’s plan to end incentives
WASHINGTON/SEOUL — US President-elect Donald Trump’s transition team is seeking to eliminate federal incentives for electric vehicles, d...
Nov 15, 2024 (Gmt+09:00)
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Korean food
S.Korea's BBQ enters world's most populous market, India
Genesis BBQ Group, the operator of a popular South Korean fried chicken brand, is expanding its market to South Asia by entering India, the world&rs...
Nov 06, 2024 (Gmt+09:00)
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Aerospace & Defense
LIG Nex1, UK’s Babcock sign MOU to develop global MRO market
LIG Nex1 Co., a leading defense systems developer in South Korea, announced on Wednesday that it had signed a comprehensive memorandum of understand...
Nov 06, 2024 (Gmt+09:00)
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Chemical Industry
LG Chem strengthens automotive adhesives biz
South Korea's LG Chem Ltd., the world’s fourth-largest chemical manufacturer, said on Wednesday it will expand into the automotive adhesives m...
Oct 30, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
HD Hyundai to build int'l standards for carbon emissions
South Korea's HD Hyundai Marine Solution Co. said on Wednesday that it signed a Life Cycle Assessment (LCA) Agreement with HD Hyundai Samho and the ...
Oct 16, 2024 (Gmt+09:00)
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Electric vehicles
Hyundai Mobis to invest $257 mn in EV parts plants in Slovakia
Hyundai Mobis Co., the world’s fifth-largest auto parts maker, agreed to invest some 350 billion won ($256.9 million) in building electric veh...
Oct 16, 2024 (Gmt+09:00)
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Chemical Industry
Lotte Fine Chemical, Colorcon sign $740 mn distribution agreement
Lotte Fine Chemical Co., a subsidiary of South Korea's Lotte Chemical Corp., said on Monday that it signed a global distribution agreement with the ...
Oct 07, 2024 (Gmt+09:00)
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Business & Politics
S.Korea’s reshoring companies pale amid lack of support, incentives
Reshoring, or a corporate U-turn to the home country from an overseas location, has been the global trend since the outbreak of the COVID-19 pandemi...
Oct 06, 2024 (Gmt+09:00)
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Batteries
Solus signs incentive agreement with Quebec
Solus Advanced Materials, a South Korean copper foil supplier, said on Friday that its overseas subsidiary Volta Energy Solutions Canada signed an i...
Oct 04, 2024 (Gmt+09:00)
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Energy
SK Enmove, SQM ink supply deal for refrigerant material iodine
SK Enmove Co. a lubricant-producing arm of SK Innovation Co., said on Thursday that it has signed a preliminary agreement to buy iodine from Socieda...
Oct 03, 2024 (Gmt+09:00)
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Tech, Media & Telecom
LG Uplus, GSMA sign Open Gateway agreement
South Korea's LG Uplus Corp. said on Monday that it signed an agreement with the Global System for Mobile Communications Association (GSMA) to parti...
Sep 30, 2024 (Gmt+09:00)
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Research & Development
S.Korea to offer incentives to attract foreign scientists
South Korea will offer incentives including a 50% income tax cut to attract foreign scientists to develop new growth drivers such as artificial inte...
Sep 29, 2024 (Gmt+09:00)
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Food & Beverage
BBQ Chicken to enter Indonesian market
Genesis BBQ Group, the operator of a popular South Korean fried chicken brand, said on Monday that it signed a master franchise agreement with PT ...
Sep 23, 2024 (Gmt+09:00)
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Energy
Kakao Pay to run Pangyo office with renewable energy
South Korea’s Kakao Pay Corp. said on Monday that it signed a green premium purchase agreement with Korea Electric Power Corp. (KEPCO), the So...
Aug 26, 2024 (Gmt+09:00)
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Hydrogen economy
Doosan Fuel Cell wins $73 mn hydrogen fuel cell contract
South Korea's Doosan Fuel Cell has secured a 100 billion won ($72.93 million) contract for the maintenance of hydrogen fuel cells, the company said ...
Aug 13, 2024 (Gmt+09:00)
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Food & Beverage
Tous les Jours to enter Singapore market
CJ Foodville, the food service subsidiary of South Korea's CJ Group and the operator of the bakery chain brand Tous les Jours, announced on Monday t...
Aug 12, 2024 (Gmt+09:00)
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Travel & Leisure
Lotte Tour to operate cruise to Hong Kong
South Korea's Lotte Tour Development Co. announced on Tuesday that it signed a charter agreement with global cruise line Costa Cruises to operate a ...
Jul 24, 2024 (Gmt+09:00)
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Companies
Kumho Tire to sponsor Eintracht Frankfurt
South Korea's Kumho Tire Co. announced on Thursday that it signed a three-year strategic partnership agreement with Eintracht Frankfurt, Germany's B...
Jul 18, 2024 (Gmt+09:00)
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Airlines
Air Premia, Alaska Airlines sign interline agreement
South Korea's Air Premia Inc. announced on Thursday that it partnered with Alaska Airlines, the fifth-largest US carrier, through an interline agr...
Jul 04, 2024 (Gmt+09:00)
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Markets
Korea's bet on US assets up on bull stocks, EV incentives
South Korea’s financial assets in the US hit a record high last year due to the US stock market rally and Korean companies’ capital inje...
Jun 25, 2024 (Gmt+09:00)
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Steel
Hyundai Steel builds global sales network of low-carbon steel
South Korea’s Hyundai Steel Co. announced on Tuesday that it signed a memorandum of understanding (MOU) with European customers to sell low-ca...
Jun 25, 2024 (Gmt+09:00)
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Robotics
Yogiyo to begin autonomous robot delivery tests in August
Yogiyo, South Korea’s second-largest food delivery app, announced on Friday that it will begin outdoor autonomous robot delivery tests in Song...
Jun 21, 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)
Latest News
- 1 Seoul appeal: Korean art captivates Indonesia’s affluent connoisseurs
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- 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