2024 Canadian Car of the Year Awards
Scope
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Travel & Leisure
Hanatour makes turnaround through restructuring, premium packages
When IMM Private Equity Inc. acquired a 16.68% stake in South Korea’s top travel agency Hanatour Service Inc. for 128.9 billion won ($95.7 mil...
Apr 04, 2024 (Gmt+09:00)
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Electronics
Bespoke Samsung home devices make chores easier, smarter
With Samsung Electronics Co.'s new bespoke AI induction stove, there is no need to keep checking the burner for fear of food boiling over while simm...
Apr 04, 2024 (Gmt+09:00)
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Retail
BGF to vigorously expand convenience stores in Kazakhstan
BGF Retail Co., South Korea’s biggest convenience store chain operator, will expand aggressively in Kazakhstan, creating the potential to cran...
Apr 03, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Korea reclaims crown from China as world’s top shipbuilder
South Korea reclaimed the crown from the Chinese as the world’s largest shipbuilder after three years last quarter, sweeping global orders for...
Apr 03, 2024 (Gmt+09:00)
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E-commerce
Blight of failing e-commerce startups in South Korea
Linkshops, once touted as a future unicorn candidate in South Korea, declared bankruptcy last month even after garnering 15.4 billion won ($11.4 mil...
Apr 03, 2024 (Gmt+09:00)
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Corporate bonds
Hyundai Motor regains AAA credit rating after 4 years
Hyundai Motor Co. regained its top AAA credit rating for the first time since the end of 2019.NICE Investors Service on Tuesday upgraded Hyundai Mot...
Apr 03, 2024 (Gmt+09:00)
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Asset management
Fed rate cuts will be faster than market consensus: TCW
Investors tend to rush to fixed-income markets when recession risk rises. South Korean investors are no exception – retail investors have been...
Apr 02, 2024 (Gmt+09:00)
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Korean startups
Breezm lands in US with plan to open 100 stores in 5 years
Breezm, a South Korean startup making customized eyeglasses with artificial intelligence and 3D technologies, has opened its first offshore store in...
Apr 02, 2024 (Gmt+09:00)
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Tech, Media & Telecom
LG Uplus, Mobirix to jointly develop car infotainment
South Korea's LG Uplus Corp. announced on Tuesday that it signed a memorandum of understanding (MOU) with the domestic mobile game developer Mobir...
Apr 02, 2024 (Gmt+09:00)
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Automobiles
Kia releases 2024 model year of K9
Kia Corp., South Korea’s No. 2 automaker, released its flagship sedan K9’s model year The 2024 K9 on Tuesday. Kia has enhanced the ext...
Apr 02, 2024 (Gmt+09:00)
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Insurance
Hanwha, 1st Korean insurer to earn dividends from overseas unit
Hanwha Life Insurance Co. is set to earn dividends from its Vietnamese subsidiary, reporting a cumulative profit after 15 years, becoming South Kore...
Apr 01, 2024 (Gmt+09:00)
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Automobiles
Hyundai Wia unveils EV manufacturing specialized solution
Hyundai Wia Corp., a South Korean automotive parts manufacturer, unveiled its Mobility Manufacturing Total Solution specialized for electric vehicle...
Apr 01, 2024 (Gmt+09:00)
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Batteries
Doosan joins hands with China’s CNGR for battery recycling
South Korea’s plant and machinery powerhouse Doosan Group has teamed up with China’s CNGR Advanced Material Co. to expand its electric v...
Mar 29, 2024 (Gmt+09:00)
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Real estate
2024 an intriguing year for Japan: Savills IM
The Japanese real estate market holds a prominent status in the global investment landscape, buoyed by robust fundamentals that have made it a sough...
Mar 29, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor opens N brand tuning online shop
Hyundai Motor Co. announced on Friday that it opened an online shop for its high-performance car N brand's tuning, The N Performance Shop. The ...
Mar 29, 2024 (Gmt+09:00)
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Economy
Korea’s factory output rebounds in February on chip recovery
South Korea’s factory activity last month bounced back in three months thanks to strong recovery in the country’s semiconductor sector b...
Mar 29, 2024 (Gmt+09:00)
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Electronics
Samsung unveils 2024 TV lineup at Changi Airport
Samsung Electronics Co. on Thursday hosted an event at Jewel Changi Airport in Singapore to unveil its 2024 new TV lineup, including Neo QLED, organ...
Mar 29, 2024 (Gmt+09:00)
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Electronics
LG OLED TV's new theme: Empathetic, personalized AI
LG Electronics Inc., the world’s No. 1 OLED TV producer, defines artificial intelligence as empathetic intelligence for customers. On Wednesda...
Mar 28, 2024 (Gmt+09:00)
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Advertising & Marketing
HD Hyundai Develon wins iF Design Award
South Korea's HD Hyundai Infracore Co. announced on Thursday that its construction machinery brand Develon received the grand prize in the branding ...
Mar 28, 2024 (Gmt+09:00)
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Automobiles
Kia, Hyundai sweep World Car Awards with EV9, IONIQ 5 N
NEW YORK – Hyundai Motor Group, the world’s No. 3 carmaker, has swept the 2024 World Car Awards, a global premier standard for automotiv...
Mar 28, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung set to triple HBM output in 2024 to lead AI chip era
SILICON VALLEY – Samsung Electronics Co., the world’s largest memory chipmaker, will likely triple its high bandwidth memory (HBM) chip ...
Mar 27, 2024 (Gmt+09:00)
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Corporate strategy
Hyundai Motor aims for next takeoff with $51 billion investment
Hyundai Motor Group plans to spend 68 trillion won ($51 billion) and hire 80,000 new employees over three years as South Korea’s top automaker...
Mar 27, 2024 (Gmt+09:00)
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Automobiles
Kia wins World's Greatest Auto Disruptors 2024
Kia Corp. won two categories of the Newsweek World’s Greatest Auto Disruptors Awards with the all-electric EV9 winning Research and Developmen...
Mar 27, 2024 (Gmt+09:00)
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Corporate strategy
LG Group earmarks $74 bn for 5-year investment in Korea
LG Group, South Korea’s No. 4 conglomerate, on Wednesday announced a plan to invest 100 trillion won ($74 billion) through 2028 in its future ...
Mar 27, 2024 (Gmt+09:00)
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ESG
LG Electronics named Energy Star Partner of 2024
LG Electronics Inc. has been named 2024 Energy Star Partner of the Year and Sustained Excellence by the US Environmental Protection Agency (EPA) a...
Mar 27, 2024 (Gmt+09:00)
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E-commerce
CJ Onstyle boosts live commerce unit
South Korea's CJ OnStyle announced on Wednesday that it broadened its mobile live commerce division by introducing programming, marketing, and new...
Mar 27, 2024 (Gmt+09:00)
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Batteries
Ferrari, SK On team up to innovate battery technology
Ferrari S.p.A. joined hands with SK On Co., the world’s fifth-largest electric vehicle battery producer, to innovate cell technology as the It...
Mar 27, 2024 (Gmt+09:00)
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K-pop
Universal Music acquires 10-year distribution rights to HYBE music
The world’s largest music company Universal Music Group (UMG) has struck an exclusive deal to distribute music from HYBE Co., the South Korean...
Mar 27, 2024 (Gmt+09:00)
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Mergers & Acquisitions
SK Networks prepares to put SK Rent-a-Car on market
SK Networks Co. is preparing to put SK Rent-a-Car Co. on the market in a deal worth an estimated 600 billion won ($448 million) as part of efforts t...
Mar 26, 2024 (Gmt+09:00)
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Bio & Pharma
Global quest to find modern elixirs enters new chapter
NEW YORK/ BOSTON – Longevity has long been the dream of humankind. China’s first emperor Qin Shi Huang was obsessed with finding magic e...
Mar 26, 2024 (Gmt+09:00)