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Pension fundsNPS to cut global stocks under GP management, up its direct control
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, is set to slash its overseas s...
Jul 02, 2024 (Gmt+09:00)
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AutomobilesHyundai accelerates EV push in Indonesia with Kona EV
JAKARTA, Indonesia – Hyundai Motor Co. has built its brand image as a high-end carmaker in Indonesia and controls the coun...
Jul 02, 2024 (Gmt+09:00)
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Artificial intelligenceKorea's LG Uplus aims for $1.4 bn in B2B AI sales by 2028
South Korea’s leading mobile carrier LG Uplus Corp., which is set to unveil its first artificial intelligence chip by the ...
Jul 02, 2024 (Gmt+09:00)
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E-commerceKorean fashion platform Ably to raise $144 mn from Alibaba, others
Ably Corp., South Korea’s top online fashion platform operator, is set to raise 200 billion won ($144 million) from foreig...
Jul 02, 2024 (Gmt+09:00)
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Asset managementSouth Korean brokerages woo super-rich to make them even richer
South Korea’s baby boomers, the demographic cohort born between 1955 and 1963, have largely built their wealth through har...
Jul 02, 2024 (Gmt+09:00)
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AutomobilesKia opens experiential booth at Incheon Int'l Airport
Kia Corp. announced on Tuesday that it has transformed the exhibition booth located near Gate H in the departure area of the t...
Jul 02, 2024 (Gmt+09:00)
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Corporate strategyPOSCO aims to quadruple operating profits by 2030
POSCO Group, South Korea’s No. 1 steelmaker, has set an ambitious goal of quadrupling its operating profits and doubling r...
Jul 02, 2024 (Gmt+09:00)
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Shipping & ShipbuildingHMM starts to demonstrate OCCS for vessles
South Korea's HMM Co. announced on Tuesday that it installed and initiated a demonstration of the Onboard Carbon Capture and Sto...
Jul 02, 2024 (Gmt+09:00)
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Electric vehiclesKorea 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 ...
Jul 02, 2024 (Gmt+09:00)
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Aerospace & DefenseS.Korea’s Hanwha, Doosan to develop fighter jet engines
Hanwha Aerospace Co., South Korea’s top defense manufacturer, and Doosan Enerbility Co., a major local power plant builder...
Jul 02, 2024 (Gmt+09:00)
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Korean stock marketKB Securities downgrades LIG Nex1's investment opinion
KB Securities Co. on Tuesday raised the target price for LIG Nex1 Co. from 195,000 won ($140.4) to 200,000 won amidst a recent...
Jul 02, 2024 (Gmt+09:00)
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ElectronicsSamsung Electronics tops in S.Korea's after-sales service
Samsung Electronics Service, a service subsidiary of Samsung Electronics Co., announced on Tuesday that it topped all cate...
Jul 02, 2024 (Gmt+09:00)
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Cloud computingAhnLab launches integrated cloud service corporation
South Korea's AhnLab Inc. announced on Monday that it launched an integrated corporation named AhnLabCloudMate to oversee its ...
Jul 02, 2024 (Gmt+09:00)
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EconomyS.Korea’s inflation holds below 3% for 3rd straight month
South Korea’s headline inflation stayed in the 2% range for the third straight month in June after its slowest rate of inc...
Jul 02, 2024 (Gmt+09:00)
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BatteriesLG Energy signs multi-billion-dollar LFP battery deal with Renault
LG Energy Solution Ltd., the world’s second-largest battery maker, has clinched a multi-billion-dollar deal to supply LFP ...
Jul 02, 2024 (Gmt+09:00)