renewable energy business
Scope
Date
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Artificial intelligence
LG CNS launches AI center for synergy of business, research
South Korea’s LG CNS Co., a cloud computing services arm of LG Corp., said on Sunday it has launched an artificial intelligence center to stre...
Jan 21, 2024 (Gmt+09:00)
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Aerospace & Defense
IMM invests $97 mn in Korean supplier of Boeing, Airbus
IMM Investment Corp., a major South Korean private equity firm, invested $97 million in Kencoa Aerospace Corp., a local supplier of global industry ...
Jan 19, 2024 (Gmt+09:00)
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Travel & Leisure
MyRealTrip attracts $57 mn investment
South Korea's travel app MyRealTrip announced on Friday that it has attracted 75.6 billion won ($56.55 million) investment from domestic and foreign...
Jan 19, 2024 (Gmt+09:00)
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ESG bonds
Woori Bank issues $700 mn in ESG bonds
South Korea's Woori Bank announced on Thursday that it has issued $700 million (940 billion won) worth of foreign currency ESG (environmental, socia...
Jan 19, 2024 (Gmt+09:00)
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Corporate restructuring
Naver, Com2uS slash workforce to downsize new businesses
South Korea’s leading online platforms and gaming publishers such as Naver Corp., Com2uS Corp. and Kakao Corp. have joined global Big Tech com...
Jan 18, 2024 (Gmt+09:00)
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Fiber & Textile
S.Korea’s Hyosung to expand tire cord business to India
DAVOS, Switzerland -- Hyosung Group, a South Korean textile-to-chemicals conglomerate, plans to expand its tire cord business to India, the world's ...
Jan 18, 2024 (Gmt+09:00)
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Energy
SK Gas, SK D&D to venture into US ESS market with Apex
SK Gas Ltd. and SK D&D Co. will build their first-ever energy storage system (ESS) facility in the US that can power 39,000 homes daily via a jo...
Jan 17, 2024 (Gmt+09:00)
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Batteries
Korea's LX International buys Indonesian nickel miner for $100 mn
South Korean trading firm LX International Corp. said on Tuesday that it has acquired a 60% stake in Indonesian miner PT Adhi Kartiko Pratama (AKP)&...
Jan 16, 2024 (Gmt+09:00)
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Energy
Korean wind power companies foresee tailwind from Taiwan, US
South Korean wind power companies such as SK oceanplant Co., HD Hyundai Electric Co. and CS Wind Corp. are expected to get a tailwind from Taiwan&rs...
Jan 16, 2024 (Gmt+09:00)
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Korean food
Bibigo, K-food a success case in Harvard Business School study
Harvard Business School students are set to study the success of South Korean foods in the global market through the case of Bibigo, the leading bra...
Jan 15, 2024 (Gmt+09:00)
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Batteries
S.Korea to probe Chinese batteries' alleged patent violations
South Korea will investigate alleged patent infringement by Chinese makers of smartphone batteries and high-nickel cathodes upon requests by LG Chem...
Jan 11, 2024 (Gmt+09:00)
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Batteries
Hanwha, ITM to develop lithium-ion batteries for submarines
Hanwha Aerospace Co., a leading South Korean defense company, has partnered with Kosdaq-listed tech firm ITM Semiconductor Co. to jointly develop ba...
Jan 11, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Korea's Cosmax strengthens business in Middle East, Africa
Cosmax Inc., South Korea's largest cosmetics manufacturer specializing in original design manufacturing (ODM), is embarking on a full-scale entry in...
Jan 11, 2024 (Gmt+09:00)
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Corporate restructuring
Taeyoung’s fresh measures raise hope for debt workout
Taeyoung Group, South Korea’s midsize conglomerate controlling logistics, media and construction businesses, on Tuesday vowed to offer up its ...
Jan 09, 2024 (Gmt+09:00)
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Earnings
Disappointing LG Energy earnings dim outlook amid weak EVs
LG Energy Solution Ltd., the world’s second-largest battery maker, disappointed investors with quarterly earnings on the sluggish global elect...
Jan 09, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Korea’s Hanwha Ocean quits money-losing container shipbuilding business
South Korea’s Hanwha Ocean Co., the world’s third-largest shipbuilder, has decided to exit the money-losing container shipbuilding busin...
Jan 08, 2024 (Gmt+09:00)
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Tech, Media & Telecom
Korea’s Hancom buys document software firm Clipsoft
Hancom Inc., a homegrown office suite developer in South Korea, said on Friday that it has acquired local business-to-business (B2B) digital documen...
Jan 05, 2024 (Gmt+09:00)
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Fashion
The North Face supplier Youngone lends $177 mn to Scott
Youngone Corp., a South Korean clothing manufacturer to global outdoor brands like The North Face and Patagonia, said on Thursday it has decided to ...
Jan 04, 2024 (Gmt+09:00)
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Tech, Media & Telecom
LG to inject $700 million in startups in West Virginia
CHARLESTON, WV – LG Electronics Inc. will form a fund with the State of West Virginia to inject $700 million over the next five years to foste...
Jan 04, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung eyes $8.8 billion 2024 chip profit: sources
Samsung Electronics Co. seeks to rake in 11.5 trillion won ($8.8 billion) in operating profit from its semiconductor business this year, swiveling f...
Jan 02, 2024 (Gmt+09:00)
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Food & Beverage
CJ CheilJedang opens online B2B section
South Korean food giant CJ CheilJedang Corp. introduced a business-to-business (B2B) section CJ The Market for Biz on its e-commerce website CJ The ...
Dec 29, 2023 (Gmt+09:00)
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Banking & Finance
Korea's KDB establishes innovation fund for auto parts companies
The state-run Korea Development Bank (KDB) announced on Friday that it has established the KDB-Quantum Mobility Value Chain Open Innovation Fund wor...
Dec 29, 2023 (Gmt+09:00)
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Food & Beverage
Shinsegae to close whisky business to focus on profits
Shinsegae Inc., South Korea’s largest department store and supermarket company, will pull out of the whisky market, bucking the trend of the r...
Dec 28, 2023 (Gmt+09:00)
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Korean chipmakers
POSCO to foster rare gas business with Zhongtai Cryogenic
POSCO Holdings Inc. will build a highly purified rare gas-producing joint venture in South Korea with Zhongtai Cryogenic Technology Corp. from China...
Dec 27, 2023 (Gmt+09:00)
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IPOs
Korea's leading used-car platform Encar drops IPO plan
Encarsales.com Ltd., a South Korean used-car trading platform, will withdraw its initial public offering plan as early as this week due to deteriora...
Dec 27, 2023 (Gmt+09:00)
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Korean innovators at CES 2024
Hyundai Motor’s themes at CES 2024: Hydrogen, software
South Korea’s top automaker Hyundai Motor Co. is set to present its blueprint for a hydrogen energy ecosystem and software under the theme of ...
Dec 21, 2023 (Gmt+09:00)
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Energy
LG Energy Solution Vertech wins 10GWh ESS projects in the US
LG Energy Solution Vertech Inc., a Texas-based energy storage system (ESS) supplier, has secured a combined 10-gigawatt hours (GWh) of grid-scale ba...
Dec 21, 2023 (Gmt+09:00)
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Artificial intelligence
Naver to join race with EQT, Goldman Sachs for Korean SW firm
Naver Corp. is set to go up against global major private equity firms such as EQT Partners AB and Goldman Sachs Private Equity Group to acquire a So...
Dec 20, 2023 (Gmt+09:00)
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Hydrogen economy
SK E&S to strengthen Korea's liquid hydrogen ecosystem
SK E&S Co., an energy unit of South Korean conglomerate SK Group, will cooperate with domestic firms to strengthen the country’s liquid hy...
Dec 18, 2023 (Gmt+09:00)
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Artificial intelligence
Naver, NHIS to boost data services with HyperCLOVA X
South Korea's leading online portal Naver Corp. and the state-run National Health Insurance Service (NHIS) will collaborate to leverage advanced art...
Dec 18, 2023 (Gmt+09:00)