10-ton model
Scope
Date
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Energy
Korea’s new govt. aims to export 10 nuclear power plants
South Korea’s incoming administration seeks to export 10 nuclear power plants by 2030 as President-elect Yoon Suk-yeol pledged to rescind the ...
May 03, 2022 (Gmt+09:00)
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Banking & Finance
Shinhan to boost Vietnam digital services with Tiki
South Korea's Shinhan Financial Group has picked Vietnam’s e-commerce startup Tiki as its first strategic partner in the Southeast Asian count...
May 02, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
Hyundai's self-sailing ship set for maiden cross-Pacific voyage
A liquefied natural gas (LNG) carrier with autonomous sailing systems will embark on an ocean voyage next month to become the world's first large au...
Apr 28, 2022 (Gmt+09:00)
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Automobiles
Hyundai Mobis taps two Japanese auto experts to boost sales
South Korea’s Hyundai Mobis Co. has tapped two Japanese auto experts to accelerate its business in Japan, the company announced on April 27. T...
Apr 28, 2022 (Gmt+09:00)
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Foreign exchange
Surging dividend outflows to hit Korea's current account balance, won
Dividend payments of foreign companies operating in South Korea have nearly doubled and the repatriation of profit to their headquarters is expected...
Apr 18, 2022 (Gmt+09:00)
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Artificial intelligence
NCSOFT unveils AI dataset to rival hyperscale language models
NCSOFT Corp. unveiled an artificial intelligence (AI) conversation dataset it developed with Korea University’s research center on Thursday....
Apr 14, 2022 (Gmt+09:00)
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Webtoons
South Korean comics platforms dominate global top 10
Six manhwa platforms operated by South Korea’s tech juggernauts rank among the top 10 paid digital comics platforms worldwide. Manhwa is ...
Apr 12, 2022 (Gmt+09:00)
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Korean stock market
Instant noodle stocks boosted by largest exports in March
South Korea’s instant noodle stocks, such as Ottogi Co., Nongshim Co. and Samyang Foods Co. are rebounding amid expectations of performance im...
Apr 07, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Philippines LCS Group buys Korea’s special purpose vessel maker
The Philippines’ LCS Group of Companies bought a South Korean special purpose vessel maker as it aims to supply defense products to the Southe...
Apr 05, 2022 (Gmt+09:00)
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Economy
Korea March inflation at 10-year high; bond yields surge
South Korea’s consumer prices in March grew at the fastest pace in more than 10 years on surging energy and commodity prices, while the centra...
Apr 05, 2022 (Gmt+09:00)
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Healthcare
EDGC enters US procurement market with medical supplies
Eone Diagnomics Genome Center Co. (EDGC), a South Korean healthcare firm specializing in genetic analysis technology, is set to enter the US governm...
Mar 31, 2022 (Gmt+09:00)
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Foreign exchange
Korea won at three-year high vs yen on rate differentials
South Korea’s won currency on Monday hit its strongest point against the Japanese yen in more than three years on higher interest rates and co...
Mar 28, 2022 (Gmt+09:00)
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Future mobility
Kia plans new Korea plant first time in 25 years for purpose-built vehicles
Kia Corp., South Korea’s No. 2 automaker, will set up a new domestic factory for the first time in 25 years to produce purpose-built vehicles ...
Mar 24, 2022 (Gmt+09:00)
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Automobiles
Hyundai to adopt multiple car assembly system at local plant from August
Hyundai Motor Co. is introducing a multiple vehicle assembly system at its main plant in South Korea to better respond to rising market demand for d...
Mar 23, 2022 (Gmt+09:00)
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Batteries
POSCO to invest $4 bn in Argentina battery materials project
South Korea’s POSCO Group is set to spend $4 billion for the capacity expansion of a new lithium hydroxide factory in Argentina and cathode ma...
Mar 22, 2022 (Gmt+09:00)
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Banking & Finance
Korean online banks’ disruptive business model: Woo low-credit borrowers
South Korea’s three major digital banks are stepping up their credit loans to borrowers with low credit ratings, a disruptive business model s...
Mar 22, 2022 (Gmt+09:00)
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Samsung Group
Samsung family set to sell $320 mn worth of SDS shares
Samsung Group family is set to sell a 3.9% stake in Samsung SDS Co. worth 390 billion won ($319.5 million) through a block deal. The seller is one o...
Mar 22, 2022 (Gmt+09:00)
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Bio & Pharma
SK Bioscience becomes first to win domestic COVID-19 vaccine contract
SK Bioscience Co. said it reached a deal with Korea’s disease control agency to supply 10 million doses of the country’s first experimen...
Mar 22, 2022 (Gmt+09:00)
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Electric vehicles
Hyundai, BAIC Motor to inject $942 mn in China JV for EVs
Hyundai Motor Co., South Korea’s top automaker, is set to invest more in China to revive its business on the mainland through quality electric...
Mar 20, 2022 (Gmt+09:00)
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Retail
Korea’s fashion OEM firms eye record sales
South Korea’s clothing original equipment manufacturers (OEM) are set to see a supercycle or a sustained period of expansion driven by robust ...
Mar 16, 2022 (Gmt+09:00)
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Korean startups
Nine out of 10 VC heads in S.Korea say startups overvalued: Survey
Heads of South Korea’s leading venture capital firms say domestic startups have entered a phase of overvaluation. The Korea Economic Dail...
Mar 15, 2022 (Gmt+09:00)
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Batteries
POSCO to build largest solid electrolyte plant for batteries
POSCO Group, the world’s sixth-largest steelmaker, said on March 14 it has started construction on a solid electrolyte manufacturing facilit...
Mar 15, 2022 (Gmt+09:00)
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Korean startups
Translink and Banks Foundation form $10 mn fund for S.Korean startups
South Korea’s venture capital firm Translink Investment and non-profit organization Banks Foundation for Young Entrepreneurs agreed to launch ...
Mar 14, 2022 (Gmt+09:00)
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Carbon neutrality
SK E&S to start business of carbon storage in depleted gas fields
South Korea’s SK E&S Co. is set to enter the business of carbon storage in depleted gas fields.The natural gas business unit of SK Group s...
Mar 10, 2022 (Gmt+09:00)
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Aerospace & Defense
Hanwha, Poongsan, LIG Nex1 clinch $989 mn Saudi defense deals
South Korea’s three defense-related companies have signed a combined 3.71 billion Saudi riyal ($989 million) contract to supply ammunition and...
Mar 10, 2022 (Gmt+09:00)
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Batteries
POSCO Chem, GM to build $400 mn battery material plant in Canada
South Korea’s POSCO Chemical Co. and US top automaker General Motors Co. decided to build a battery material plant in Canada.POSCO Chemical an...
Mar 08, 2022 (Gmt+09:00)
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Electric vehicles
IONIQ 5, Niro February sales beat global EVs in Europe
Hyundai Motor Group’s electric vehicle sales in Europe are rapidly rising. Hyundai Motor Co.'s IONIQ 5, launched in Norway in May 2021, topped...
Mar 07, 2022 (Gmt+09:00)
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Private equity
SK Group's PE-funded transformation in the spotlight
SK Group stands out from other South Korean conglomerates in making good use of private equity funds to raise money for business expansion.The count...
Mar 07, 2022 (Gmt+09:00)
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Electric vehicles
Kia aims to launch 14 all-electric models by 2027
Kia Corp., South Korea’s second-largest automaker, said on Thursday it will launch 14 electric vehicles by 2027 with an aim to sell 1.2 millio...
Mar 03, 2022 (Gmt+09:00)
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Korean chipmakers
US chipmakers announce 10% hike in NAND flash prices
US semiconductor manufacturer Western Digital Corp. announced Tuesday it will raise the price of its NAND flash memory chips by 10%. Earlier ...
Mar 02, 2022 (Gmt+09:00)