Arc Place Gangnam office Seoul
Scope
Date
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Bio & Pharma
S.Korean biotech firm Genesystem to bring molecular testing to India
Genesystem, a South Korean biotech firm specializing in on-site molecular testing platforms, announced on Tuesday its entry into the Indian market t...
Feb 08, 2023 (Gmt+09:00)
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Banking & Finance
Industrial Bank of Korea goes all in with Eastern Europe push
Industrial Bank of Korea (IBK) will open an office in Poland in the first half of this year, with analysts saying the bank's president Kim Seong-tae...
Feb 06, 2023 (Gmt+09:00)
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Tech, Media & Telecom
NCSOFT lays off 20% of US operation before new game release
NCSOFT Corp., South Korea’s major game developing and publishing company, has recently laid off about 20% of its North American operation, joi...
Feb 03, 2023 (Gmt+09:00)
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Asset management
NYLIM taps Sungyun Hong as head of Seoul office
New York Life Investments (NYLIM) has appointed Sungyun Hong as head of its Seoul office, the US asset management firm said on Wednesday. Hong ...
Feb 02, 2023 (Gmt+09:00)
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Real estate
Bluecove buys Grand Hyatt Seoul for over $565 million
South Korean real estate firm Bluecove Investment has signed an agreement to acquire five-star hotel Grand Hyatt Seoul for more than 700 billion won...
Jan 31, 2023 (Gmt+09:00)
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Batteries
LG Energy partners with Seoul Nat'l Univ. for battery technology
South Korea's No. 1 secondary battery maker LG Energy Solution Ltd. and Seoul National University on Friday signed an agreement to establish an indu...
Jan 20, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Metaverse-based virtual offices: New breadwinner for LG CNS
LAS VEGAS – While buzzwords such as avatar and the metaverse are on everyone’s lips these days, waking up in the morning and going to a ...
Jan 20, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Korea internet data center construction faces health issue
South Korea’s information technology industry hit a snag with building new internet data centers (IDCs) due to controversies over the potentia...
Jan 17, 2023 (Gmt+09:00)
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North Korea
South Korea Revives Nuclear Debate as Tensions With the North Rise
SEOUL—Rising tensions on the Korean Peninsula and Pyongyang’s spree of weapons tests are fueling a debate in South Korea over the deploy...
Jan 16, 2023 (Gmt+09:00)
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Foreign exchange
S.Korea to extend trading hours of local forex market
South Korea will extend the trading hours for the local foreign exchange market to attract overseas investors and improve the trading system so that...
Jan 13, 2023 (Gmt+09:00)
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Korean startups
Major startup event Slush to hold spin-off meeting in Korea
Slush, one of the world’s largest startup events, is set to hold a spin-off meeting in South Korea this year.Slush is a startup and tech event...
Jan 12, 2023 (Gmt+09:00)
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Korean startups
POSCO opens first overseas venture incubating office in Silicon Valley
POSCO Group said on Wednesday that it has opened the first overseas office of ChangeUp Ground in Silicon Valley in the US.ChangeUp Ground is a start...
Jan 11, 2023 (Gmt+09:00)
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Beauty & Cosmetics
Cosmax shows off advanced beauty tech at CES with Seoul Nat'l Univ.
Cosmax, a cosmetics original design manufacturer (ODM) of South Korea, said on Tuesday that it unveiled the beauty technology developed jointly ...
Jan 10, 2023 (Gmt+09:00)
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Energy
Seoul in talks to share nuclear plant export profits with Westinghouse
Korea Hydro & Nuclear Power Co. and its parent company Korea Electric Power Corp. are in discussion with Westinghouse Electric Corp. to share pr...
Jan 09, 2023 (Gmt+09:00)
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Electronics
LG Elec sweeps 1st place in Best Washers chosen by US consumers
LG Electronics Inc. swept this year's top spot in all major categories of best washing machines evaluated by Consumer Reports, a leading US consum...
Jan 09, 2023 (Gmt+09:00)
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Economy
Seoul ranks 7th in city competitiveness assessed by Japanese Institute
Seoul's urban competitiveness rebounded after five years, ranking seventh in the world. It was due to the fact that the ranking of the economy categ...
Jan 09, 2023 (Gmt+09:00)
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Tech, Media & Telecom
LG Uplus announces official start of original content production
LG Uplus Corp. announced on Thursday that it would officially kickstart producing original content, following its pilot program about desserts relea...
Jan 05, 2023 (Gmt+09:00)
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Automobiles
Hyundai's Nexo keeps 1st place in hydrogen car market beating Toyota
Hyundai Motor Co.'s hydrogen fuel cell car model Nexo far surpassed Toyota in the world's market share. According to SNE Research, a market research...
Jan 05, 2023 (Gmt+09:00)
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Real estate
Hotels in top Seoul tourist area on sale due to rate hikes
South Korea's KB Asset Management Co. is set to sell two three-star hotel buildings in Myeong-dong, one of the most popular spots for foreign touris...
Jan 04, 2023 (Gmt+09:00)
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Korean Innovators at CES 2023
Seoul Viosys receives CES Display Innovation Award
Seoul Viosys Co. said on Tuesday that it received the Innovation Award in the display category for a component called "WICOP pixel" at CES 2023, the...
Jan 03, 2023 (Gmt+09:00)
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Business & Politics
S.Korea ranks as 6th most powerful country, beating Japan
TOKYO - South Korea ranked the world’s sixth most powerful country, beating Japan, while the peninsular nation was far behind its neighbor in ...
Jan 02, 2023 (Gmt+09:00)
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Real estate
Hilton Seoul to close business for redevelopment project
Millennium Hilton Seoul, founded in 1983, will close down for business on Dec. 31 due to redevelopment plans for the property.The five-star hotel ...
Dec 30, 2022 (Gmt+09:00)
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Waste management
SuperBin completes plastic recycling factory in Seoul suburb
SuperBin, a South Korean startup reshaping the waste recycling ecosystem using Fourth Industrial Revolution technologies, on Thursday said it had co...
Dec 30, 2022 (Gmt+09:00)
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Real estate
Commercial building transactions plummet to 2008 financial crisis level
In October, commercial building sales in Seoul plunged to the level of the 2008 global financial crisis.According to an analysis of actual transacti...
Dec 22, 2022 (Gmt+09:00)
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Real estate
Buying a home in Seoul becomes tougher in 2021
Saving income to buy a house in South Korea has become more difficult and taking longer, according to a report by the Ministry of Land, Infrastruc...
Dec 21, 2022 (Gmt+09:00)
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Automobiles
Hyundai Motor transforms buses into mobile office spaces
South Korea's automaking giant Hyundai Motor Co. said on Monday it had launched the country's first mass-produced mobile office bus: the "Universe M...
Dec 19, 2022 (Gmt+09:00)
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Korean stock market
KRX opens German office to promote EU certification of Korean indices
The Korea Exchange said that it opened its third overseas office in Frankfurt, Germany, and would promote the EU Benchmarks Regulation (BMR) certifi...
Dec 16, 2022 (Gmt+09:00)
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Advertising & Marketing
Samsung Galaxy tops list of South Korea's 100 brands
Samsung Electronics Co.’s Galaxy smartphones retained the first place in South Korea’s top-100 brand list for 12 consecutive years, Bran...
Dec 12, 2022 (Gmt+09:00)
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Banking & Finance
Korea Shinhan Financial taps banking unit head as group CEO
Shinhan Financial Group appointed the head of its flagship banking unit as the group’s next chief executive officer as the major South Korean ...
Dec 08, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
South Korea's Hyundai Heavy Industries establishes chief AI officer post
South Korea's Hyundai Heavy Industries Group has created the position of chief artificial intelligence (AI) officer (CAIO) to propel a major busines...
Dec 06, 2022 (Gmt+09:00)
Latest News
- 1 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 2 AI startup MarqVision raises $16.5 mn to close Series A
- 3 Taihan Cable wins $630 mn power grid project in Singapore
- 4 Korean startup scene is gloomy, say 2 out of 5 startup CEOs
- 5 MBK ups stakes for Korea Zinc to match buyback offer