10th Basic Plan for Electricity Supply and Demand
Scope
Date
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Airlines
Korea’s airlines to use SAF starting from Japan routes
South Korea’s airlines are set to use fuel mixed with sustainable aviation fuel (SAF) for international routes, starting from services to Japa...
Aug 30, 2024 (Gmt+09:00)
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Electronics
HD Hyundai Electric wins $50 mn transformer order in Sweden
South Korea's HD Hyundai Electric Co. said in a regulatory filing on Friday that it signed a 66.2 billion won ($49.6 million) contract to supply pow...
Aug 30, 2024 (Gmt+09:00)
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Retail
BGF Retail, Deeping Source to co-work on smart convenience stores
BGF Retail Co., the operator of South Korea’s leading convenience store chain CU, said on Thursday that it signed a memorandum of understand...
Aug 29, 2024 (Gmt+09:00)
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Aerospace & Defense
Hyundai Rotem’s earnings, shares set to rise; defense deals in the offing
Hyundai Rotem Co., a South Korean railway system and defense equipment maker under Hyundai Motor Group, is expected to clinch large defense deals in...
Aug 29, 2024 (Gmt+09:00)
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ESG
S.Korean companies fret over Scope 3 disclosure rule
Businesses in South Korea, Asia’s No. 4 economy, are voicing concerns about the government’s plan to mandate companies to disclose their...
Aug 28, 2024 (Gmt+09:00)
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Artificial intelligence
4by4, SGO to cooperate on video solution development
4by4 Inc., a South Korean content AI solution company, said on Wednesday that t it signed a basic agreement with the global video solution company S...
Aug 28, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung supplies LPDDR4X auto chip to Qualcomm, set for LPDDR5 deal
South Korean tech giant Samsung Electronics Co. said on Tuesday it has begun supplying its latest automotive chip, LPDDR4X, to Qualcomm Technologies...
Aug 27, 2024 (Gmt+09:00)
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Energy
Kakao Pay to run Pangyo office with renewable energy
South Korea’s Kakao Pay Corp. said on Monday that it signed a green premium purchase agreement with Korea Electric Power Corp. (KEPCO), the So...
Aug 26, 2024 (Gmt+09:00)
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Batteries
Lotte Energy to supply copper foil to Samsung SDI-Stellantis JV
Samsung SDI Co., South Korea’s third-largest battery maker by battery usage, has picked Lotte Energy Materials Corp. as the exclusive supplier...
Aug 26, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Kakao to merge dk techin and Kakao Brain
South Korea's Kakao Corp. said on August 23 that its mobile solution development subsidiary dK Techin Corp. will merge with its AI technology affili...
Aug 26, 2024 (Gmt+09:00)
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E-commerce
Yanolja's Nasdaq IPO plan hit by Qoo10's liquidity turmoil
Yanolja Co., South Korea’s leading travel and accommodation booking platform operator, may delay its Nasdaq initial public offering plan due t...
Aug 23, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Cosmax, China's Jiangnan Univ. to cooperate joint research
Cosmax Inc., South Korea's largest cosmetics original development and design manufacturer (ODM), said on Thursday that it signed a strategic memoran...
Aug 22, 2024 (Gmt+09:00)
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Corporate strategy
LG to seek most of profit from new growth engines
LG Electronics Inc., the leading global home appliance maker, aims to generate most of its profit from future growth drivers by 2030 as the South Ko...
Aug 21, 2024 (Gmt+09:00)
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Batteries
LG Energy looks to battery safety diagnosis software business
LG Energy Solution Ltd., one of the world’s top battery makers, said on Wednesday it is entering the battery safety diagnosis software busines...
Aug 21, 2024 (Gmt+09:00)
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Bio & Pharma
Volpara to supply cancer diagnostics SW to Intermountain Health
Lunit, a South Korean cancer diagnostics AI company, announced on Wednesday that its subsidiary Volpara Health, a New Zealand-based AI software deve...
Aug 21, 2024 (Gmt+09:00)
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Korean stock market
Korea's KEDI-based ETFs boom; net assets double in 2 months
South Korean exchange-traded funds (ETFs) tracking KEDI, an index set created by The Korea Economic Daily, are booming on growing investor demand fo...
Aug 20, 2024 (Gmt+09:00)
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Construction
HD Hyundai Infracore to supply construction equipment to Saudi Arabia
South Korea's HD Hyundai Infracore Co. announced on Tuesday that it signed a contract to supply 100 excavators and wheel loaders to Saudi Arabia's l...
Aug 20, 2024 (Gmt+09:00)
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Aerospace & Defense
KAI, TAI ink deal to boost T-50TH support
Korea Aerospace Industries Ltd. (KAI) signed a memorandum of understanding (MOU) with Thai Aviation Industries (TAI), Thailand's state-owned aircraf...
Aug 20, 2024 (Gmt+09:00)
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Electronics
LG Electronics' Indian unit logs highest first-half sales
LG Electronics Inc., the world’s largest home appliances maker, raked in more than 2 trillion won ($1.5 billion) in first-half sales in India ...
Aug 18, 2024 (Gmt+09:00)
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Machinery
Hyundai Rotem to supply additional rail cars to Boston
South Korea's Hyundai Rotem Co. announced on Friday that it signed a contract with the Massachusetts Bay Transportation Authority (MBTA) to supply a...
Aug 16, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
HD Hyundai Samho, Wan Hai sign LOI for methanol-powered ships
South Korea's HD Hyundai Samho secured a potential order for four methanol dual-fuel container ships from Taiwan's Wan Hai Lines, according to the...
Aug 16, 2024 (Gmt+09:00)
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Petrochemicals
Hyosung, Kolon’s tire cord plants running near 100% on insatiable demand
The business outlook is bright for Hyosung Advanced Materials Corp. and Kolon Industries Inc., the world’s top two tire cord producers based i...
Aug 15, 2024 (Gmt+09:00)
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Mergers & Acquisitions
GS E&C in talks to sell entire stake in GS Elevator to Chinese firm
South Korea’s GS Engineering & Construction Corp. (GS E&C) is in talks to sell its entire stake in GS Elevator Co. to a Chinese strate...
Aug 14, 2024 (Gmt+09:00)
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Electronics
LG Display seeks to supply tandem OLED display to Bentley, Cadillac
LG Display Co., the world’s top organic light-emitting diode (OLED) panel maker, is seeking to supply next-generation tandem OLED displays for...
Aug 14, 2024 (Gmt+09:00)
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Bio & Pharma
Lunit participates in Singapore's AI diagnostic solution project
Lunit, a South Korean cancer diagnostics AI company, announced on Wednesday that it solely participates in a chest X-ray reading workflow improvemen...
Aug 14, 2024 (Gmt+09:00)
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Corporate restructuring
Yanolja to restructure affiliates to boost profit before Nasdaq IPO
South Korea’s top travel and accommodation booking platform operator Yanolja Co. is seeking to streamline and restructure its affiliates to bo...
Aug 13, 2024 (Gmt+09:00)
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Electric vehicles
Hyundai to develop EREV powertrain for electric pickup, Santa Fe, GV70
South Korea’s top automaker Hyundai Motor Group is developing a next-generation powertrain, known as a range extender, for pickup trucks and s...
Aug 13, 2024 (Gmt+09:00)
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Webtoons
Google to target global webtoon sector with Korean creators
BENGALURU – Google is teaming up with South Korean creators to target the global webtoon industry, spurring expectations that global Big Tech ...
Aug 13, 2024 (Gmt+09:00)
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Banking & Finance
Korean pension subscribers show ultra-low risk tolerance
South Korean pension plan subscribers prefer to protect their money rather than taking risks for capital gains despite the government's effort to en...
Aug 13, 2024 (Gmt+09:00)
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Construction
S.Korea, Vietnam complete Smart City Cooperation Center in Hanoi
The South Korean Ministry of Land, Infrastructure and Transport announced on Tuesday that it completed the construction of the Korea-Vietnam Smart C...
Aug 13, 2024 (Gmt+09:00)
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