kakao smart quote deal
Scope
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Investment banking
Junior bankers choosing track records over name value
A number of junior bankers at the Korean offices of major global investment banks such as Morgan Stanely and J.P.Morgan have resigned since July wit...
Aug 30, 2024 (Gmt+09:00)
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Retail
BGF Retail, Deeping Source to co-work on smart convenience stores
BGF Retail Co., the operator of South Korea’s leading convenience store chain CU, said on Thursday that it signed a memorandum of understand...
Aug 29, 2024 (Gmt+09:00)
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Aerospace & Defense
Hyundai Rotem’s earnings, shares set to rise; defense deals in the offing
Hyundai Rotem Co., a South Korean railway system and defense equipment maker under Hyundai Motor Group, is expected to clinch large defense deals in...
Aug 29, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Woori signs $1.16 bn deal to acquire Tongyang, ABL Life from China’s Dajia
Woori Financial Group Inc., South Korea’s fourth-largest financial services provider, said on Wednesday it has signed a deal to acquire Tongya...
Aug 28, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung supplies LPDDR4X auto chip to Qualcomm, set for LPDDR5 deal
South Korean tech giant Samsung Electronics Co. said on Tuesday it has begun supplying its latest automotive chip, LPDDR4X, to Qualcomm Technologies...
Aug 27, 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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Mergers & Acquisitions
Kakao to merge dk techin and Kakao Brain
South Korea's Kakao Corp. said on August 23 that its mobile solution development subsidiary dK Techin Corp. will merge with its AI technology affili...
Aug 26, 2024 (Gmt+09:00)
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Future mobility
Kakao Mobility introduces robot delivery at Resom Resort
South Korea's Kakao Mobility announced on Wednesday that it partnered with Hoban Hotels & Resorts to operate the robot delivery service Bring at...
Aug 21, 2024 (Gmt+09:00)
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Aerospace & Defense
KAI, TAI ink deal to boost T-50TH support
Korea Aerospace Industries Ltd. (KAI) signed a memorandum of understanding (MOU) with Thai Aviation Industries (TAI), Thailand's state-owned aircraf...
Aug 20, 2024 (Gmt+09:00)
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Tech, Media & Telecom
LG Uplus to support smart city transformation in Hwasun
South Korea’s LG Uplus Corp. announced on Wednesday that it will support the smart city transformation of Hwasun-gun in South Jeolla Province,...
Aug 14, 2024 (Gmt+09:00)
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Construction
S.Korea, Vietnam complete Smart City Cooperation Center in Hanoi
The South Korean Ministry of Land, Infrastructure and Transport announced on Tuesday that it completed the construction of the Korea-Vietnam Smart C...
Aug 13, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
HD Hyundai Marine wins $30 mn LNG-FSU conversion deal
South Korea's HD Hyundai Marine Solution Co. secured its first project to convert a floating storage unit for liquefied natural gas (LNG-FSU).HD Hyu...
Aug 12, 2024 (Gmt+09:00)
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Tech, Media & Telecom
Kakao to launch conversational AI platform for B2C commerce
South Korean mobile platform giant Kakao Corp. said on Thursday that it will accelerate its artificial intelligence push by launching a conversation...
Aug 08, 2024 (Gmt+09:00)
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Artificial intelligence
Hyundai Elevator joins forces with Kakao Mobility for integration services
South Korea's Hyundai Elevator Co. said on Thursday that it has signed a memorandum of understanding (MOU) with Kakao Mobility Corp. to commercializ...
Aug 08, 2024 (Gmt+09:00)
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Energy
Samsung signs wind turbine structure supply deal with Equinor
South Korea's Samsung Heavy Industries Co. said on Wednesday that it has signed an exclusive agreement with Norway's state-owned energy company Equi...
Aug 07, 2024 (Gmt+09:00)
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Automobiles
Hankook Tire to supply tires to Mercedes-AMG for first time
Hankook Tire & Technology Co. said on Wednesday that it will supply its tires for Mercedes' high-performance brand AMG's sports car, the GT Coup...
Aug 07, 2024 (Gmt+09:00)
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Companies
Kakao Games reports sharp drop in Q2 operating profit
Kakao Games Corp., a game publishing unit of South Korean tech giant Kakao Corp., reported a sharp decline in second-quarter earnings on Wednesday d...
Aug 07, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Korean shipbuilders in talks for $3.3 bn Qatar LNG tanker deals
South Korean shipbuilders are in talks with Qatari state companies for an estimated $3.3 billion in deals to manufacture additional liquefied natura...
Aug 05, 2024 (Gmt+09:00)
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Infrastructure
Macquarie buys its 1st Korean data center for $538 mn
Macquarie Korea Infrastructure Fund (MKIF) has signed an agreement to buy a 40-megawatt (MW) data center from Seoul-based IGIS Asset Management Co. ...
Aug 05, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Doosan Robotics, Bobcat ordered to clarify merger deal
South Korean regulators have ordered Doosan Robotics Inc. to amend the securities prospectus it submitted last week for its merger with Doosan Bobca...
Jul 26, 2024 (Gmt+09:00)
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Earnings
LG Electronics posts record Q2 profit, to accelerate transition into AI leader
LG Electronics Inc., a leading South Korean electronics maker, on Thursday posted its highest quarterly operating profit and sales for the April-Jun...
Jul 25, 2024 (Gmt+09:00)
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Real estate
Seoul prime office deals at 10-year low on rate uncertainty
Prime office transactions in Seoul hit a 10-year low in the second quarter due to delayed fundraising amid uncertainties of the central bank’s...
Jul 24, 2024 (Gmt+09:00)
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Electric vehicles
Hyundai eyes Japan’s commercial EV market in e-bus deal with Iwasaki
South Korean top automaker Hyundai Motor Co. said on Tuesday it is supplying its all-electric Elec City Town buses to Iwasaki Group, effectively ent...
Jul 23, 2024 (Gmt+09:00)
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Artificial intelligence
Naver launches Saudi digital twin project for smart cities
South Korean internet giant Naver Corp. and the Saudi Arabian government have started a five-year project to build digital twin platforms for Riyadh...
Jul 23, 2024 (Gmt+09:00)
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Future mobility
Kakao Mobility launches overseas car rental service
South Korean mobility platform Kakao Mobility said on Monday that it launched an overseas car rental service accessible through its Kakao T app.The ...
Jul 23, 2024 (Gmt+09:00)
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AgTech
Nongshim to build smart farm in Saudi Arabia
South Korea's food and beverage giant Nongshim Co. announced on Tuesday that it was selected as a participant in the Smart Farm Export Promotion Pro...
Jul 23, 2024 (Gmt+09:00)
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Corporate restructuring
Doosan Robotics, Bobcat merger prompts call for law revision
Doosan Group’s announcement of a merger between Doosan Robotics Inc. and Doosan Bobcat Inc. has met with strong criticism from investors and p...
Jul 22, 2024 (Gmt+09:00)
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Energy
Doosan Enerbility’s gas turbine orders top $720 mn with KOMIPO deal
Doosan Enerbility Co., a leading South Korean power plant engineering company, said on Monday it has clinched a 580 billion won ($418 million) deal ...
Jul 22, 2024 (Gmt+09:00)
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Mergers & Acquisitions
MG Non-Life Insurance deal falls through with no bidders
The sale of South Korean mid-sized insurer MG Non-Life Insurance Co. has been canceled as the financially distressed insurer failed to attract any b...
Jul 19, 2024 (Gmt+09:00)
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Artificial intelligence
LG to foster smart factory business as new B2B growth driver
PYEONGTAEK, Gyeonggi Province -- LG Electronics Inc., the leading global home appliance maker, aims to foster its smart factory business as a new gr...
Jul 18, 2024 (Gmt+09:00)
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