intermediate holding company
Scope
Date
~
-
Batteries
POSCO, Hancock seek to jointly build lithium plant
POSCO Holdings Inc. on Tuesday signed a memorandum of understanding with Hancock Prospecting, an Australian mining company, to build a plant to annu...
Dec 10, 2024 (Gmt+09:00)
-
Banking & Finance
Hanwha's financial companies open AI center in San Franciso
South Korea’s seventh-largest conglomerate’s financial companies have opened a joint artificial intelligence center in San Francisco, a ...
Dec 10, 2024 (Gmt+09:00)
-
Artificial intelligence
Samsung SDS to build AI-focused data center at Samsung Electronics’ plant
Samsung SDS Co., the information technology service unit of South Korea’s Samsung Group, plans to build an artificial intelligence data center...
Dec 10, 2024 (Gmt+09:00)
-
Corporate restructuring
NPS steps back from Doosan Robotics' Bobcat merger
The National Pension Service (NPS) appears to be stalling on a vote for Doosan Robotics Inc.'s merger with Doosan Bobcat Inc., with major proxy advi...
Dec 09, 2024 (Gmt+09:00)
-
Energy
Samsung C&T, Hitachi Energy to team up for HVDC projects
South Korea's Samsung C&T Corp. said Monday it signed a memorandum of understanding (MOU) with Sweden's Hitachi Energy to cooperate for high-vol...
Dec 09, 2024 (Gmt+09:00)
-
Korean games
Nexon to release The First Berserker: Khazan in China
South Korea’s online game developer Nexon Korea Corp. said on Monday it signed a deal with China's Tencent Games to publish its new action rol...
Dec 09, 2024 (Gmt+09:00)
-
Energy
Samsung C&T, Sweden's Karnfull Next to team up for SMR
South Korea's Samsung C&T Corp. said Friday it signed a memorandum of understanding (MOU) with Swedish energy company Karnfull Next AB to jointl...
Dec 06, 2024 (Gmt+09:00)
-
Beauty & Cosmetics
LG H&H’s sales surge 156% on Amazon Black Friday
South Korea’s LG H&H Co. said on Thursday its sales on Amazon Black Friday this year surged 156% year over year.The Face Shop's Rice Water...
Dec 05, 2024 (Gmt+09:00)
-
Bio & Pharma
SK Biopharm submits NDA of epilepsy drug to China
South Korea's SK Biopharmaceuticals Co. said on Tuesday it submitted the new drug application (NDA) for its flagship epilepsy drug Cenobamate to Chi...
Dec 05, 2024 (Gmt+09:00)
-
Aerospace & Defense
LIG Nex1, Electroninks to team up for component materials
South Korea's LIG Nex1 Co. said Tuesday it signed a memorandum of understanding (MOU) with the US-based Electroninks Inc. to research and develop ne...
Dec 04, 2024 (Gmt+09:00)
-
Cloud computing
CJ OliveNetworks to expand cloud management biz
South Korea's CJ OliveNetworks said on Wednesday it will expand its managed service provider (MSP) in the cloud industry, utilizing Naver Cloud and ...
Dec 04, 2024 (Gmt+09:00)
-
Artificial intelligence
LG CNS to enter US smart building biz
South Korea's LG CNS said on Tuesday it signed a memorandum of understanding (MOU) with the US-based real estate management SomeraRoad and Mastern A...
Dec 03, 2024 (Gmt+09:00)
-
Food & Beverage
Nongshim captures young consumers in Indonesia
South Korea's instant noodle giant Nongshim Co. said on Tuesday it held Shinsational Day event in Jakarta, Indonesia. On November 15, Nongshim ...
Dec 03, 2024 (Gmt+09:00)
-
Corporate bonds
Korean companies’ cash reserves swell to record high
Cash holdings at South Korean companies have soared to a record-high level, data showed on Monday. Companies are stepping up efforts to raise cash t...
Dec 02, 2024 (Gmt+09:00)
-
Content platforms
Naver recruits 500 creators for Clip
South Korea's Naver Corp. said on Monday it will recruit 500 creators for Clip in the first half of 2025, the company's short-form platform from Dec...
Dec 02, 2024 (Gmt+09:00)
-
Artificial intelligence
Bespin Global, Upstage to co-work on AI platform
South Korea's cloud solution provider Bespin Global said on Monday it signed with Upstage, the domestic artificial intelligence (AI) startup, to bui...
Dec 02, 2024 (Gmt+09:00)
-
Banking & Finance
KB Asset parts ways with Dragon Capital in Vietnam
South Korea's KB Asset Management Co. ended its delegated management agreement for public funds with Vietnam's largest asset management company, Dra...
Dec 02, 2024 (Gmt+09:00)
-
Entertainment
Controversy brews over HYBE Chair Bang’s investment deal with PEFs
Bang Si-hyuk, founder and chairman of HYBE Co., the South Korean entertainment giant behind K-pop global sensations BTS and NewJeans, is embroiled i...
Nov 29, 2024 (Gmt+09:00)
-
Bio & Pharma
Noul's miLab registered FDA's Class I
South Korea's Noul Co., an in-vitro diagnostics maker and artificial intelligence (AI)-based blood and cancer diagnostic platforms company, said on ...
Nov 28, 2024 (Gmt+09:00)
-
Food & Beverage
CJ CheilJedang sells ambient fried rice in N.America
South Korea's CJ CheilJedang Corp. said on Thursday it will export and sell its ambient rice product, Bibigo Korean BBQ Fried Rice, to the North Ame...
Nov 28, 2024 (Gmt+09:00)
-
Artificial intelligence
OpenAI, KDB to collaborate to enhance S.Korean AI ecosystem
The US-based OpenAI and Korea Development Bank (KDB) on Tuesday signed a memorandum of understanding (MOU) to support the development of South Kor...
Nov 26, 2024 (Gmt+09:00)
-
Venture capital
S.Korean gov't eases restrictions on Korean investment in overseas startups
The companies founded by South Korean nationals abroad will be recognized as domestic companies if they contribute to the Korean economy, making it ...
Nov 25, 2024 (Gmt+09:00)
-
Energy
POSCO Int'l starts commissioning of Senex Energy gas facility
South Korea's POSCO International Corp. said on Monday it has begun commissioning its first gas processing facility at Senex Energy’s Atlas ...
Nov 25, 2024 (Gmt+09:00)
-
Food & Beverage
HiteJinro sees annual soju exports to Cambodia grow 31%
HiteJinro Co., South Korea’s leading soju maker, resumed its Jinro EDM Festival at Cambodia’s Bon Om Tuk water festival after a four-y...
Nov 22, 2024 (Gmt+09:00)
-
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)
-
Shipping & Shipbuilding
Samsung Heavy sails autonomous demonstration vessel
The South Korean Ministry of Trade, Industry and Energy announced on Thursday the launch ceremony for Samsung Heavy Industries' autonomous demonstra...
Nov 21, 2024 (Gmt+09:00)
-
Bio & Pharma
Hanmi Pharma to move up launch of anti-obesity drug
South Korea’s Hanmi Pharmaceutical Co. announced on Thursday the launch of its anti-obesity drug candidate efpeglenatide has been rescheduled ...
Nov 21, 2024 (Gmt+09:00)
-
Bio & Pharma
Celltrion to acquire additional $72 mn in treasury shares
South Korea's Celltrion Inc. announced on Thursday that it decided to repurchase additional treasury shares worth 100 billion won ($71.6 million).Fr...
Nov 21, 2024 (Gmt+09:00)
-
Korean chipmakers
SK Hynix starts mass production of 321-High NAND
SK Hynix Inc., the world’s second-largest memory chipmaker, announced on Thursday the mass production of its 321-layer 1-terabit (Tb) triple...
Nov 21, 2024 (Gmt+09:00)
-
Energy
KEPCO wins Saudi Arabia's two gas power plant projects
Korea Electric Power Corp. (KEPCO) announced on Thursday that it was selected as the final successful bidder to build and operate two 1.9GW combined...
Nov 21, 2024 (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