2023 Wards 10 Best Engines and Propulsion Systems
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Pension funds
NPS 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 stocks under global i...
7 HOURS AGO
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Aerospace & Defense
S.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, are set to develop...
13 HOURS AGO
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Future mobility
Naver Whale features in Renault Korea vehicles
South Korea’s homegrown web browser Whale, developed by Naver Corp., will be installed in Renault Korea cars. Naver Cloud announced on Friday...
Jun 28, 2024 (Gmt+09:00)
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Economy
S.Korea’s consumer goods exports to top $100 bn in 2024: KOTRA
South Korea is projected to reap more than $100 billion from selling the country’s consumer goods overseas this year. Exports of such products...
Jun 28, 2024 (Gmt+09:00)
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E-commerce
Shopee to ramp up Korean goods sales in Vietnam, Thailand
Shopee Pte. Ltd., an e-commerce operator, plans to quadruple sales of South Korean products in Vietnam and Thailand by 2025 aiming to expand its glo...
Jun 27, 2024 (Gmt+09:00)
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Steel
POSCO restarts furnace after upgrade with smart system
POSCO, the world’s seventh-largest steelmaker, on Thursday restarted a blast furnace in South Korea following a revamp applying a smart system...
Jun 27, 2024 (Gmt+09:00)
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Private equity
Korean PE funds shrink in 2023 for first time in 7 years
South Korean private equity investments declined last year for the first time since 2016 due to interest rate hikes, high inflation and the Korean w...
Jun 26, 2024 (Gmt+09:00)
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Markets
Korea's bet on US assets up on bull stocks, EV incentives
South Korea’s financial assets in the US hit a record high last year due to the US stock market rally and Korean companies’ capital inje...
Jun 25, 2024 (Gmt+09:00)
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Automobiles
GS Global launches BYD's T4K electric refrigerator truck
South Korea's general trading company GS Global Corp. announced on Monday that it will launch BYD Company Ltd.'s 1-ton electric truck, the T4K Refri...
Jun 24, 2024 (Gmt+09:00)
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Food & Beverage
HiteJinro invests in table order service startup
HiteJinro Co., South Korea’s largest soju maker, announced on Monday that it invested in a stake in the table order service startup TMR Founde...
Jun 24, 2024 (Gmt+09:00)
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Food & Beverage
Fried chicken chain bhc adds two more stores in Thailand
South Korean fried chicken chain bhc Chicken announced on Monday that it opened its fifth and sixth stores in Thailand.The number of stores has incr...
Jun 24, 2024 (Gmt+09:00)
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Airlines
South Korea-Japan air travelers soar to 10 mn in first five months
The number of air passengers traveling between South Korea and Japan has surpassed 10 million in the first five months of this year, setting a new r...
Jun 21, 2024 (Gmt+09:00)
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Energy
LG Uplus to enter renewable energy market through power brokerage
LG Uplus Corp., South Korea's third-largest mobile carrier, announced on Thursday that it will enter the renewable energy supply business through po...
Jun 20, 2024 (Gmt+09:00)
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Fashion
S.Korea's Handsome opens global flagship store System Paris
South Korean fashion company Handsome Corp. announced on Wednesday that it will open its first global flagship store System and System Homme Paris i...
Jun 19, 2024 (Gmt+09:00)
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Insurance
Kyobo Life gets Moody's A1 credit rating for 10 consecutive years
South Korea's Kyobo Life Insurance Co. announced on Tuesday that it has received an A1 (stable) insurance financial strength rating from Moody's Rat...
Jun 18, 2024 (Gmt+09:00)
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Korean startups
Uniqconn raises $7 mn in Series A round
South Korea's system semiconductor startup Uniqconn announced on Tuesday that it attracted 10 billion won ($7.24 million) in Series A roundThe fun...
Jun 18, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Korea issues $10.75 bn in refund guarantees to shipbuilders
South Korean banks and state-run financial institutions will issue $10.75 billion worth of refund guarantees (RGs) to domestic shipbuilders, which t...
Jun 17, 2024 (Gmt+09:00)
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Private equity
Tcha Partners mulls largest-ever sale of Korean bus operators
Seoul-based private equity firm Tcha Partners Asset Management Co., which owns 17 domestic quasi-public bus operators via four funds that closed at ...
Jun 17, 2024 (Gmt+09:00)
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Batteries
POSCO seeks additional lithium deals from Argentina, Chile
POSCO Holdings Inc., the parent of South Korea’s top steelmaker POSCO, aims to clinch additional deals from Argentina and Chile to secure lith...
Jun 17, 2024 (Gmt+09:00)
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Electronics
LG Display introduces proprietary GenAI in office
LG Display Co., the world’s leading manufacturer of organic light-emitting diode (OLED) panels, announced on Monday that it developed and intr...
Jun 17, 2024 (Gmt+09:00)
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Korean startups
Korean IT firms prefer engineers with business capabilities
More South Korean information technology companies are seeking engineers with business capabilities as artificial intelligence is expected to take o...
Jun 17, 2024 (Gmt+09:00)
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Airlines
Asiana's cargo unit to be sold for $362 mn to Air Incheon
South Korean flag carrier Korean Air Lines Co. has tapped Air Incheon, a local airline dedicated to cargo business, as the preferred bidder to acqui...
Jun 14, 2024 (Gmt+09:00)
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Energy
SK Energy to cut emissions with combined heat power system
SK Energy Co., a unit of South Korean oil refiner and battery maker SK Innovation Co., has begun operation of its gas combined heat power (CHP) syst...
Jun 13, 2024 (Gmt+09:00)
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Artificial intelligence
SK Telecom invests $10 mn in Perplexity
South Korea's SK Telecom Co. announced on Thursday that it invested $10 million in Perplexity, the US-based generative artificial intelligence (AI) ...
Jun 13, 2024 (Gmt+09:00)
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Electric vehicles
SK, Geely join forces for EV battery, component production
SK Inc., the holding company of South Korea’s No. 2 conglomerate SK Group, will join forces with Chinese auto giant Zhejiang Geely Holding Gro...
Jun 12, 2024 (Gmt+09:00)
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Banking & Finance
KB Securities sees wealth management assets surpass $43.6 bn
South Korea's KB Securities announced on Wednesday that its wealth management assets surpassed 60 trillion won ($43.6 billion) this month.This is fi...
Jun 12, 2024 (Gmt+09:00)
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Electric vehicles
Hyundai Transys to export EV drive systems to CEER
Hyundai Transys Inc., an auto parts affiliate of Hyundai Motor Group, announced on Wednesday that it signed a contract to supply a 3 trillion won ($...
Jun 12, 2024 (Gmt+09:00)
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Food & Beverage
Mom's Touch opens new flagship store in Myeongdong
South Korean homegrown burger and chicken brand Mom's Touch & Co. announced on Tuesday that it opened a new flagship store in Myeongdong, Jung-g...
Jun 11, 2024 (Gmt+09:00)
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Private equity
France's Archimed seeks to delist aesthetic laser maker Jeisys
French private equity firm Archimed SAS, managing around €7 billion ($7.5 billion) in assets as of end-May, plans to secure a controlling stake...
Jun 10, 2024 (Gmt+09:00)
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Aerospace & Defense
Nara Space selected as IPEF's top-100 climate startups
South Korea's micro-satellite startup Nara Space Technology Inc. announced on Friday that it was selected as one of the top-100 climate tech startup...
Jun 07, 2024 (Gmt+09:00)