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ElectronicsITC launches probe into Samsung’s suit vs China’s BOE over OLED
The US International Trade Commission (ITC) has decided to launch an investigation into a complaint filed by South Korea’s...
Dec 01, 2023 (Gmt+09:00)
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Real estateAEW, Pebblestone buy Korean logistics center for $238 mn
Seoul-based Pebblestone Asset Management Co. and US real estate investor AEW Capital Management have completed the acquisiti...
Dec 01, 2023 (Gmt+09:00)
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WebtoonsKorean digital comics boost Naver Webtoon’s biz in Japan
Naver Webtoon Ltd., the world’s top digital comics provider, enjoyed robust business in Japan with a record gross merchand...
Dec 01, 2023 (Gmt+09:00)
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EconomyS.Korea’s chip exports rebound, ending 15-month losing streak
South Korean exports of semiconductors, the country’s top export item, rebounded in November, ending 15 months of declines...
Dec 01, 2023 (Gmt+09:00)
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Foreign exchangeS.Korea, Japan seal 3-year $10 bn currency swap deal
South Korea and Japan on Friday revived their bilateral currency swap line to boost their dollar liquidity amid improved diploma...
Dec 01, 2023 (Gmt+09:00)
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Private equityIMM PE's value creation leads to $840 mn deal with BlackRock
When BlackRock bought a 30% stake in South Korean gas supplier AirFirst Co. for 1.1 trillion won ($842 million) from Seoul-bas...
Dec 01, 2023 (Gmt+09:00)
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Bio & PharmaLunit selected as contractor for building medical AI platform in Singapore
South Korean medical AI company Lunit announced on Friday that it has been selected as the final contractor in the bidding for t...
Dec 01, 2023 (Gmt+09:00)
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BatteriesSTX acquires 20% stake in lithium iron phosphate battery maker IBT
STX Corp., a South Korean general trading company, announced on Friday that it has signed a stock purchase agreement to acquire ...
Dec 01, 2023 (Gmt+09:00)
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Shipping & ShipbuildingHD KSOE secures $432 mn order for 4 ammonia carriers
HD Hyundai has successfully secured a contract for building mega-sized ammonia carriers worth 557.4 billion won ($432.4 million)...
Dec 01, 2023 (Gmt+09:00)
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Aerospace & DefenseKAI inks deal with SpaceX to launch mid-sized satellites in 2025
Korea Aerospace Industries Ltd. (KAI) announced on Friday that it has signed a deal with the US space firm SpaceX to launch Sout...
Dec 01, 2023 (Gmt+09:00)
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EnergyOrsted wins 1.6 GW offshore wind power license from Korea
Danish energy company Orsted has secured exclusive rights to build South Korea’s largest offshore wind power complex in a ...
Dec 01, 2023 (Gmt+09:00)
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Travel & LeisureAnanti to go solo in Busan without Hilton
Ananti Inc. will end its six-year-long partnership with Hilton Hotels & Resorts by removing the global hotel giant's namepla...
Dec 01, 2023 (Gmt+09:00)
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Executive reshufflesLG Energy's new CEO aims to focus on qualitative growth
LG Energy Solution Ltd., the world’s second-largest electric vehicle battery maker, is set to focus on qualitative growth ...
Dec 01, 2023 (Gmt+09:00)
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Bio & PharmaDaewoong Pharm set to export Envlo Tab to Russia, CIS
Daewoong Pharmaceutical, a leading South Korean pharmaceutical company will export its new diabetes drug Envlo Tab. (active ingr...
Dec 01, 2023 (Gmt+09:00)
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Hydrogen economyDoosan unveils hydrogen fuel cell systems for buildings
South Korea's Doosan Corp. on Friday announced the development of hydrogen polymer electrolyte membrane fuel cell (H2-PEMFC) sys...
Dec 01, 2023 (Gmt+09:00)