low cost carriers
Scope
Date
~
-
Tech, Media & Telecom
Delivery Hero-backed Baemin to exit Vietnam on low returns
Baemin, the top food delivery platform in South Korea, will exit Vietnam on Dec. 8 after four years of operations there amid fierce market competiti...
Nov 27, 2023 (Gmt+09:00)
-
Bio & Pharma
SK Pharmteco launches new viral vector platforms, key for CGT
SK Pharmteco Co., South Korean conglomerate SK Group’s contract development and manufacturing organization (CDMO), has recently introduced two...
Nov 22, 2023 (Gmt+09:00)
-
Korean chipmakers
Samsung to launch low-power, high-speed AI chips in 2024
Samsung Electronics Co. will launch low latency wide (LLW) DRAMs next year, designed to improve the power efficiency of artificial intelligence appl...
Nov 21, 2023 (Gmt+09:00)
-
Shipping & Shipbuilding
HD KSOE secures order for two VLEC
HD Korea Shipbuilding & Offshore Engineering Co. (KSOE) announced on Friday it has recently signed a shipbuilding contract for two very large-sc...
Nov 17, 2023 (Gmt+09:00)
-
Electric vehicles
LG Elec to venture into US EV charger market in 2024
South Korea’s LG Electronics Inc. is readying to enter the US electric vehicle charger market with the launch of EV chargers in the first half...
Nov 16, 2023 (Gmt+09:00)
-
Shipping & Shipbuilding
Hanwha Ocean wins world's largest ammonia carriers order
South Korea's Hanwha Ocean Co. secured 656.2 billion won ($496 million) worth of four very large ammonia carriers (VLAC) order from the Greek shippi...
Nov 14, 2023 (Gmt+09:00)
-
Tech, Media & Telecom
LG Uplus buys pet Airbnb-style startup to boost pet care services
LG Uplus Corp. has acquired a domestic dog space rental startup Along as the South Korean mobile carrier is zooming in on pet care services as its n...
Nov 13, 2023 (Gmt+09:00)
-
Corporate restructuring
SK Energy to spin off tank terminal business as new logistics firm
SK Energy Co., a unit of South Korean oil refiner and battery maker SK Innovation Co., is spinning off its crude oil storage and shipment business t...
Nov 13, 2023 (Gmt+09:00)
-
Retail
South Koreans, frugal at home, open wallets abroad
Consumer spending in South Korea has been on the decline this year amid few signs of a near-term recovery. But when it comes to overseas spending, i...
Nov 09, 2023 (Gmt+09:00)
-
Artificial intelligence
Naver opens Asia’s largest data center for AI, cloud biz
SEJONG – South Korea’s online giant Naver Corp. opened Asia’s largest data center in the country to lead technology innovation and...
Nov 08, 2023 (Gmt+09:00)
-
Retail
Costco Korea on verge of falling into low-growth trap
South Korea, one of the most lucrative markets for Costco Wholesale Corp., appears to be losing its appeal in the face of China’s rapid ascent...
Nov 07, 2023 (Gmt+09:00)
-
Artificial intelligence
SK Telecom invests in AI startups Allganize, Imprimed
SK Telecom Co. has invested a combined 9.4 billion won ($7.2 million) in artificial intelligence startups Allganize Inc. and Imprimed Inc., the top ...
Nov 06, 2023 (Gmt+09:00)
-
Electronics
LG Elec to open heat pump research laboratory in Alaska
LG Electronics Inc. plans to open LG Advanced Cold Climate Heat Pump Laboratory in Alaska, the US for the development of heating, ventilation, &...
Nov 06, 2023 (Gmt+09:00)
-
Foreign exchange
Yen hits 15-year low vs Korean won on less hawkish BOJ
The yen on Friday plunged to the weakest level in more than 15 years against the South Korean won as the Japanese central bank’s recent change...
Nov 03, 2023 (Gmt+09:00)
-
Shipping & Shipbuilding
S.Korea’s HMM expands bulk carrier fleet for stable profit
HMM Co., South Korea’s top shipping company, is expanding its fleet, especially bulk carriers, for stable profits amid the sluggishness of the...
Nov 02, 2023 (Gmt+09:00)
-
Mergers & Acquisitions
Asiana Airlines to sell cargo business for merger with Korean Air
Asiana Airlines Inc. on Thursday decided to carve out its lucrative cargo business, clearing a major hurdle to its merger with bigger rival Korean A...
Nov 02, 2023 (Gmt+09:00)
-
Carbon neutrality
SK Innovation, ENEOS to co-work for low-carbon energy
SK Innovation Co. said on Wednesday it will bolster its alliance with Japan's largest petroleum refiner ENEOS. This decision builds on their histor...
Nov 01, 2023 (Gmt+09:00)
-
Shipping & Shipbuilding
Hanwha Ocean taps middle-aged women, robots for ship welding work
GEOJE, Gyeongsang Province – Hanwha Ocean, the world’s No. 2 shipbuilder, is actively embracing middle-aged female workers and robots fo...
Oct 30, 2023 (Gmt+09:00)
-
Batteries
LG Energy Solution to start producing cheaper EV batteries
LG Energy Solution Ltd., the world’s second-largest electric vehicle battery maker, plans to manufacture cheaper EV batteries such as lithium ...
Oct 25, 2023 (Gmt+09:00)
-
Batteries
POSCO Future M sees cathode material prices falling 12% in Q4
South Korean electric vehicle battery materials maker POSCO Future M Co. predicts that cathode material prices in the fourth quarter will drop as mu...
Oct 25, 2023 (Gmt+09:00)
-
Electric vehicles
Mobile carrier LG Uplus makes inroads into EV charger market
LG Uplus Corp., South Korea’s mobile and broadband service provider, has released the prototype of its first electric vehicle charger to make ...
Oct 24, 2023 (Gmt+09:00)
-
Travel & Leisure
S.Korean airlines see 12.87 mn int’l passengers in Q3 2023
South Korean airlines’ international passenger traffic in the third quarter reached 85% of that over the same period in 2019, the year befor...
Oct 19, 2023 (Gmt+09:00)
-
Tech, Media & Telecom
SK Telecom launches cloud cost management platform
South Korea's SK Telecom Co. on Wednesday announced the launch of Cloud Radar 2.0, its next-generation cloud management platform that leverages arti...
Oct 18, 2023 (Gmt+09:00)
-
Korean startups
Ably's amood to support K-fashion's expansion into Japan
South Korean fashion commerce platform Ably Corp. announced on Wednesday its Japanese shopping platform amood starts a one-stop service for domestic...
Oct 18, 2023 (Gmt+09:00)
-
Tech, Media & Telecom
KT Cloud releases AI inference GPU infrastructure service
South Korea’s KT Cloud on Monday launched the service AI SERV, which allows the use of infrastructure for high-performance graphics processing...
Oct 17, 2023 (Gmt+09:00)
-
Shipping & Shipbuilding
HD KSOE builds world’s first mid-size ammonia-fueled vessel
South Korea’s HD Korea Shipbuilding & Offshore Engineering (KSOE), an affiliate of HD Hyundai Group, is building the world's first mid-siz...
Oct 16, 2023 (Gmt+09:00)
-
Food & Beverage
KFC Korea to start franchise business for faster growth
Fast food chain KFC said on Friday it will begin franchise store operations in South Korea next year, when the company will mark 40 years of busines...
Oct 13, 2023 (Gmt+09:00)
-
Tech, Media & Telecom
LG Uplus set to catch up to KT as Korea’s No. 2 mobile carrier
LG Uplus Corp., the perennial No. 3 mobile carrier in South Korea, is fast catching up to its closest rival KT Corp. to rank second just beh...
Oct 13, 2023 (Gmt+09:00)
-
Electric vehicles
Kia unveils low-cost EV models to reboot sales growth
Kia Corp., South Korea’s No. 2 automaker, showcased new low-cost electric vehicles on Thursday to boost the slowing growth in clean automobile...
Oct 12, 2023 (Gmt+09:00)
-
Cloud computing
SK Telecom launches ICT infrastructure device
SK Telecom Co. on Wednesday said it launched Cloud Appliance, a cloud infrastructure device based on an ARM chipset.The company applied its virtuali...
Oct 05, 2023 (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