restructuring supply chains
Scope
Date
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Shipping & Shipbuilding
HD Hyundai Marine Solution wins $60 mn ship maintenance contract
HD Hyundai Marine Solution Co., HD Hyundai’s marine industry comprehensive solution company, signed its largest long-term maintenance contract...
Jul 29, 2024 (Gmt+09:00)
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Retail
E-Mart’s No Brand success story: A Korean snack chain goes global
When South Korean convenience store operator E-Mart Inc. launched its low-budget house label No Brand in 2015, few thought it would last long.Under ...
Jul 26, 2024 (Gmt+09:00)
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Energy
Taihan Cable wins $137 mn long-term contract in US
South Korea's Taihan Cable & Solution Co. announced on Thursday that its US sales subsidiary T.E.USA has secured a long-term contract worth 190 ...
Jul 25, 2024 (Gmt+09:00)
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Earnings
SK Hynix to supply 12-layer HBM3E to Nvidia in Q4; profit soars in Q2
SK Hynix Inc., the world’s second-largest memory chipmaker after Samsung Electronics Co., said on Thursday it has made a significant turnaroun...
Jul 25, 2024 (Gmt+09:00)
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Corporate restructuring
LG Display cuts vendors’ stakes, axes jobs for turnaround
LG Display Co., the world’s top manufacturer of large-size organic light-emitting diode (OLED) panels, reduced stakes in its vendors while cut...
Jul 24, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung tipped to supply HBM3 to Nvidia for Chinese market
Samsung Electronics Co. has passed Nvidia Corp.’s qualification tests for its fourth-generation high-bandwidth memory, or HBM3 chips, for use ...
Jul 24, 2024 (Gmt+09:00)
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Batteries
Lotte Infracell, Constellium sign anodic film supply contract
South Korea's Lotte Infracell announced on Wednesday that it signed a long-term supply contract for anodic film raw materials with Constellium SE,...
Jul 24, 2024 (Gmt+09:00)
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Tech, Media & Telecom
LG Uplus to feature in-car games to Kia EV3
South Korea's LG Uplus Corp. said on Wednesday that it will offer its web-based in-car game service Game Portal in Kia Corp's electric vehicle (EV) ...
Jul 24, 2024 (Gmt+09:00)
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Bio & Pharma
Lunit to supply AI cancer diagnostics to Qatar
Lunit Inc., a South Korean cancer diagnostics AI company, announced on Monday that it will provide its AI breast cancer screening solution Lunit Ins...
Jul 22, 2024 (Gmt+09:00)
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Corporate restructuring
Doosan Robotics to merge with Doosan Bobcat by early 2025
Doosan Robotics Inc. will complete a merger with Doosan Bobcat Inc. by early next year, a move aimed at prodding Bobcat to take an active role in ex...
Jul 21, 2024 (Gmt+09:00)
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Electronics
LG UltraGear selected as official gaming monitor of EWC
LG Electronics Inc. announced on Friday that its UltraGear gaming monitors were selected as the official monitors of the eSports World Cup (EWC), th...
Jul 19, 2024 (Gmt+09:00)
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Bio & Pharma
GC Biopharma sells HK subsidiary to CR Pharm Group for $254 mn
South Korea’s GC Biopharma Corp. announced on Wednesday that it signed a share purchase agreement (SPA) to sell all its shares in its Hong Kon...
Jul 18, 2024 (Gmt+09:00)
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Corporate restructuring
SK Ecoplant to merge tech unit for group restructuring
SK Ecoplant Co., a South Korean construction engineering and waste management company, is set to merge a profit-making technology subsidiary of the ...
Jul 16, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Korea approves HD KSOE-STX Heavy merger with conditions
South Korea’s antitrust body has given a conditional nod to leading domestic shipyard HD Korea Shipbuilding & Offshore Engineering Co.'s (...
Jul 15, 2024 (Gmt+09:00)
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Tech, Media & Telecom
SK Telecom's X Caliber enters N.American pet market
South Korea's SK Telecom Co. announced on Monday that it signed a distribution agreement with Canadian pet medical equipment company Nuon & Nikk...
Jul 15, 2024 (Gmt+09:00)
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Retail
CU to accept Japan's Ponta Points for payments
South Korea's BGF Retail, the operator of the leading domestic convenience store chain CU, announced on Sunday that it signed a memorandum of unders...
Jul 15, 2024 (Gmt+09:00)
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Corporate strategy
POSCO seeks restructuring for $1.9 bn injection in battery materials
POSCO Holdings Inc. aims to raise its corporate value through an ambitious scheme that entails securing 2.6 trillion won ($1.9 billion) through rest...
Jul 14, 2024 (Gmt+09:00)
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Automobiles
Kumho Tire to supply tires for Alpine Class
South Korea's Kumho Tire Co. announced on Friday that it will exclusively supply high-performance tires for the Renault high-performance car one-mak...
Jul 12, 2024 (Gmt+09:00)
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Energy
Hanwha Q Cells gets solar power plant order in Colorado
Hanwha Q Cells Co., a solar panel manufacturing arm of South Korea's Hanwha Solutions Corp., said on Thursday that it has secured a large-scale sola...
Jul 12, 2024 (Gmt+09:00)
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Artificial intelligence
S.Korea's 4by4 to supply AI solution to Cakap
4by4 Inc., a South Korean content AI solution company, announced on Thursday that it signed a supply contract for its image enhancement AI solution ...
Jul 11, 2024 (Gmt+09:00)
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Aerospace & Defense
Hanwha Aerospace to export $938mn K9 howitzer to Romania
Hanwha Aerospace Co., South Korea’s major aerospace and defense system developer, signed a 1.3 trillion won ($938 million) contract to supply ...
Jul 10, 2024 (Gmt+09:00)
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Energy
POSCO International completes Korea’s first non-state-run LNG terminal
POSCO International Corp., the general trading and energy exploration unit of South Korea’s steel giant POSCO Holdings Inc., said on Tuesday i...
Jul 09, 2024 (Gmt+09:00)
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Energy
S. Korea may join offshore wind alliance to take on China
South Korea is considering teaming up with a global body formed to cope with China’s rapid expansion in the world’s wind power industry ...
Jul 08, 2024 (Gmt+09:00)
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Petrochemicals
Lotte to halve basic chemicals in portfolio for profitability
South Korea’s No. 2 petrochemicals manufacturer Lotte Chemical Corp. is set to more than halve its basic chemicals business by 2030 in its por...
Jul 05, 2024 (Gmt+09:00)
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Automobiles
LG Elec selected as Volkswagen's top supplier
LG Electronics Inc. was named the top supplier by Germany's Volkswagen Group. According to industry sources on Thursday, LG Electronics received the...
Jul 04, 2024 (Gmt+09:00)
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Electric vehicles
Korea Eximbank to provide $150 mn PF to Australia
The Export-Import Bank of Korea (Eximbank) announced on Tuesday that it will provide $150 million in project financing (PF) for developing a rare ea...
Jul 02, 2024 (Gmt+09:00)
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Electronics
Solus to supply copper foil for AI accelerators to Nvidia
Solus Advanced Materials, a South Korean copper foil supplier, will provide copper foil for AI accelerators to Nvidia, a leading company in artifici...
Jul 01, 2024 (Gmt+09:00)
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Korean startups
Hanwha’s Flexell Space to supply satellite solar cell to Terran Orbital
Flexell Space, an in-house space solar cell-developing startup under South Korea’s Hanwha Systems Co., will supply its tandem flexible batteri...
Jun 28, 2024 (Gmt+09:00)
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Petrochemicals
Kukdong Oil to build hydrogen gas plant in Ulsan
South Korea's Kukdong Oil & Chemicals Co. announced on Wednesday that it will construct the nation's largest hydrogen gas production facility ...
Jun 27, 2024 (Gmt+09:00)
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Steel
POSCO gears up for carbon-free steelmaking with hydrogen
POHANG, North Gyeongsang Province – POSCO, the world’s seventh-largest steelmaker, is set to significantly reduce emissions in the produ...
Jun 26, 2024 (Gmt+09:00)
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