Companies
Executive reshuffles
Samsung names new smartphone, TV platform head
Dec 05, 2023 (Gmt+09:00)
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Aerospace & Defense
S.Korea to buy more F-35As, but picks Embraer C-390s for transport
South Korea has chosen the F-35A by US-based Lockheed Martin Aeronautics as its stealth aircraft and Brazil-headquartered aerospace company Embraer&...
Dec 04, 2023 (Gmt+09:00)
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Food & Beverage
CJ Freshway to boost smart farming business
South Korea’s CJ Freshway Corp. announced on Monday that it will launch a smart farm contract cultivation business in 2024. South Korea's...
Dec 04, 2023 (Gmt+09:00)
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Korean food, retail firms cut jobs as spending drops
South Korea’s food, cosmetics and retail companies, heavily reliant on domestic sales, are slimming down their workforce to survive a prolonge...
Dec 04, 2023 (Gmt+09:00)
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Batteries
Hanwha to boost battery production equipment business
Hanwha Group, South Korea’s chemicals-to-defense conglomerate, is working to bolster its secondary battery manufacturing equipment business wi...
Dec 04, 2023 (Gmt+09:00)
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Energy
KHNP to promote i-SMR in Indonesia, Jordan
Korea Hydro and Nuclear Power Co. (KHNP) is promoting the introduction of innovative small modular reactors (i-SMR) in Indonesia and Jordan.KHNP ann...
Dec 04, 2023 (Gmt+09:00)
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Bio & Pharma
Access Bio opens second plant in New Jersey
The US-based in-vitro diagnostic device company Access Bio Inc. announced on Monday that it opened its second factory in Monroe Township, New Jersey...
Dec 04, 2023 (Gmt+09:00)
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Retail
The Hyundai Seoul, a must-visit for young foreigners
The Hyundai Seoul, the largest department store in the South Korean capital, topped the 1 trillion won mark in annual sales at the fastest pace in t...
Dec 04, 2023 (Gmt+09:00)
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Automobiles
IONIQ 5, Sportage named safest cars by IIHS
Hyundai Motor Co. 's crossover electric vehicle (EV) sport-utility vehicle (SUV) IONIQ 5 and Kia Corp. 's best-selling SUV Sportage earned a Top S...
Dec 04, 2023 (Gmt+09:00)
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Fashion
Hyungji Elite selected as official partner of FC Barcelona
South Korea’s school and corporate uniform company Hyungji Elite announced on Monday that it was selected as the official partner of FC Barc...
Dec 04, 2023 (Gmt+09:00)
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Aerospace & Defense
Hanwha Aerospace to export more K9 howitzer to Poland
Hanwha Aerospace Co. announced on Monday that it signed a $2.6 billion executive contract with the Polish State Armament Agency to export additional...
Dec 04, 2023 (Gmt+09:00)
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Supply chain
China’s urea halts raise specter of another logistics crisis in Korea
China has halted customs clearance on its exports of urea, a substance used to reduce carbon emissions in diesel vehicles, raising the prospect of a...
Dec 04, 2023 (Gmt+09:00)
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Electric vehicles
Kia EV9 sweeps European awards, sees strong US pre-orders
The Kia EV9, the flagship large all-electric sport utility vehicle of South Korea’s No. 2 automaker, is sweeping major industrial awards in Eu...
Dec 04, 2023 (Gmt+09:00)
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Petrochemicals
Kumho Petrochemical accelerates CCUS push with CO2 capture plant
Kumho Petrochemical Co., South Korean petrochemical major, is accelerating its inroads into the carbon capture, utilization and storage (CCUS) marke...
Dec 03, 2023 (Gmt+09:00)
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Batteries
EcoPro BM hits $34 billion jackpot to supply cathodes to Samsung SDI
EcoPro BM Co. has signed a 44 trillion won ($34 billion) to supply cathodes to Samsung SDI Co. for five years, deepening their alliance and betting ...
Dec 03, 2023 (Gmt+09:00)
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Electronics
ITC 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 Samsung Display Co....
Dec 01, 2023 (Gmt+09:00)
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Bio & Pharma
Lunit 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 the establishment of ...
Dec 01, 2023 (Gmt+09:00)
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Batteries
STX 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 a 20% stake in the b...
Dec 01, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
HD 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). HD Korea Shipbuild...
Dec 01, 2023 (Gmt+09:00)
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Aerospace & Defense
KAI 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 South Korea's next-gener...
Dec 01, 2023 (Gmt+09:00)
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Energy
Orsted 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 project estimated at...
Dec 01, 2023 (Gmt+09:00)
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Travel & Leisure
Ananti 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 nameplate from its luxury s...
Dec 01, 2023 (Gmt+09:00)
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Executive reshuffles
LG 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 by securing leading ...
Dec 01, 2023 (Gmt+09:00)
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Bio & Pharma
Daewoong 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 ingredient:enavogliflozi...
Dec 01, 2023 (Gmt+09:00)
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Hydrogen economy
Doosan 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) systems for buildings a...
Dec 01, 2023 (Gmt+09:00)
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Batteries
GM asks LG Energy to share huge portion of US EV tax benefits
General Motor Co., the leading US automaker, has asked LG Energy Solution Ltd., the world’s second-largest electric vehicle battery manufactur...
Nov 30, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung, SK Hynix expect high 2024 profits as memory market returns
Samsung Electronics Co. and SK Hynix Inc., the world’s two largest memory chipmakers, expect to post decent chip profits next year as DRAM pri...
Nov 30, 2023 (Gmt+09:00)
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Airlines
Air Premia posts first-ever quarterly profit
Air Premia Inc., a South Korean budget carrier, on Thursday reported its first-ever quarterly profit in the third quarter of this year, fueled by a ...
Nov 30, 2023 (Gmt+09:00)
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Korean startups
POSCO startup POSCORE wins grand prize at D.Camp All-Star League
POSCORE, an in-house startup of South Korean steel giant POSCO Group, won the grand prize during an annual startup demo day hosted Wednesday by star...
Nov 30, 2023 (Gmt+09:00)
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Automobiles
Hyundai Mobis unveils world’s first QL display for vehicles
South Korea’s top auto parts maker Hyundai Mobis Co. said on Thursday it has developed an innovative premium display for vehicles – the ...
Nov 30, 2023 (Gmt+09:00)
3 Min read
Latest News
- 1 POSCO Future M to raise $771 million to bolster battery materials business
- 2 Dawn delivery pioneer Kurly posts 1st-ever quarterly profit
- 3 South Korea’s mid-tier shipbuilders sail into new supercycle as China struggles
- 4 Korean teachers' fund to commit $495 mn to 10 PE firms
- 5 Half of Seoul offices now over 30 years old amid limited new supply