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LogisticsKorean retailers ramp up fulfillment centers to hold AliExpress in check
South Korea’s leading retailers, including Coupang Inc., are ramping up their logistics capacities to counter aggressive f...
Sep 03, 2024 (Gmt+09:00)
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BatteriesPOSCO to invest in Tanzanian mine to cut Chinese graphite imports
POSCO Group, South Korea’s steel and battery material conglomerate, is set to invest in the world's second-largest graphit...
Sep 03, 2024 (Gmt+09:00)
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Banking & FinanceHana Financial, SK Telecom buy shares in BitGo
Hana Financial Group and SK Telecom Co. acquired shares in BitGo Korea, the Korean unit of a global digital asset trust company,...
Sep 03, 2024 (Gmt+09:00)
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Artificial intelligenceSamsung SDS AI service FabriX to launch on Microsoft Azure platform
Samsung SDS Co., the information technology service unit of Samsung Group, said on Tuesday it plans to launch its AI service Fab...
Sep 03, 2024 (Gmt+09:00)
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AirlinesAir Premia adopts GE Aerospace's integrated operation solution
South Korea's low-cost carrier Air Premia Inc. said on Tuesday that it implemented integrated software solutions from the US-bas...
Sep 03, 2024 (Gmt+09:00)
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ConstructionDaewoo E&C, CSCEC to collaborate on overseas projects
South Korea's Daewoo Engineering & Construction Co. (Daewoo E&C) said on Tuesday that it signed a memorandum of understa...
Sep 03, 2024 (Gmt+09:00)
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ElectronicsHD Hyundai Electric to build 3rd circuit breaker factory
HD Hyundai Electric Co., a South Korean electric power distribution equipment manufacturer, will spend 120 billion won ($89 mill...
Sep 03, 2024 (Gmt+09:00)
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Food & BeverageGoldman Sachs to sell stake in Korea’s top food ingredient wholesaler
Goldman Sachs is set to sell its stake in South Korea’s leading food ingredient wholesaler in an estimated 120 billion won...
Sep 03, 2024 (Gmt+09:00)
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Tech, Media & TelecomSuprema wins security projects in African countries
South Korea’s Suprema Inc., an artificial intelligence (AI)-based security company, said on Monday it won a contract to su...
Sep 03, 2024 (Gmt+09:00)
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Beauty & CosmeticsShinsegae Int'l opens Swiss Perfection pop-up in Tokyo
Shinsegae International, the cosmetics and fashion division of South Korea's Shinsegae Group, entered Japan's ultra-luxury bea...
Sep 03, 2024 (Gmt+09:00)
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Mergers & AcquisitionsActivst fund KCGI struggles to fund Hanyang Securities deal
KCGI, a South Korean private equity firm, has been struggling to raise funds for its 244.9-billion-won ($183 million) purchase o...
Sep 03, 2024 (Gmt+09:00)
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RetailS.Korean travel retailers face downturn without Chinese big spenders
Before COVID-19 swept the world, South Korea’s top two travel retailers Lotte Duty Free and Shilla Duty Free Shop ascended...
Sep 03, 2024 (Gmt+09:00)
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ConstructionShinsung E&G to supply 12MW solar modules to Ssangyong E&C
South Korean company Shinsung E&G said on Monday that it signed a contract to supply Ssangyong E&C with 12MW of solar ...
Sep 03, 2024 (Gmt+09:00)