Australia and New Zealand Banking Group
Scope
Date
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Food & Beverage
SPC Samlip to export ggultteok in H1 2025
SPC Samlip Corp., a subsidiary of South Korea’s food and bakery giant SPC Group, said on Monday that its rice cake franchise Bizeun developed ...
Dec 26, 2024 (Gmt+09:00)
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Retail
E-Land manages New Balance’s record $689 mn in Korean sales
South Korea’s retail giant E-Land Group has achieved 1 trillion won ($689 million) in Korean sales of the global sports footwear and apparel b...
Dec 23, 2024 (Gmt+09:00)
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Automobiles
Kia aims to reclaim Europe with EV2, keeps K4 output unchanged in Mexico
Kia Corp., South Korea’s second-largest carmaker, will start producing its entry-level electrified model EV2 from its plant in Slovakia next y...
Dec 23, 2024 (Gmt+09:00)
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Batteries
LG Energy, Qualcomm to commercialize BMS solution
South Korea's LG Energy Solution Ltd. said on Monday it partnered with Qualcomm Technologies to commercialize its new system-on-chip (SoC)-based bat...
Dec 23, 2024 (Gmt+09:00)
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Foreign exchange
South Korea to ease foreign exchange regulations, expand FX swap line
South Korea’s foreign authorities said on Friday they will ease foreign exchange regulations to allow more dollars into the domestic financial...
Dec 20, 2024 (Gmt+09:00)
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Korean food
Daesang launches kimchi brand with three-Michelin-star chef
South Korean leading food maker Daesang Corp., the operator of kimchi brand Jongga, said on Thursday it launched San Ho Won with three-Michelin-star...
Dec 19, 2024 (Gmt+09:00)
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Upcoming IPOs
Online lender K Bank eyes Feb 2025 IPO at lower valuation
K Bank, a South Korean online lender, is making a fresh attempt to list on the Korean stock market in February 2025 as bitcoin’s record-breaki...
Dec 18, 2024 (Gmt+09:00)
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Central bank
S.Korea’s c.bank chief sees limited impact of political turmoil on economy
South Korea’s central bank chief said on Wednesday the impact of political turmoil caused by martial law on Asia’s fourth-largest econom...
Dec 18, 2024 (Gmt+09:00)
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Food & Beverage
Fried chicken chain bhc to enter Indonesia in 2025
South Korea’s fried chicken brand bhc Group said on Tuesday it signed a master license agreement with Indonesia's Nachindo Group to enter the ...
Dec 17, 2024 (Gmt+09:00)
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Tech, Media & Telecom
RaonSecure to supply biometrics to SBI Sumishin Net Bank
South Korean cybersecurity firm RaonSecure Co. said on Monday it signed a $2.5 million contract with SBI Sumishin Net Bank, the largest internet ban...
Dec 17, 2024 (Gmt+09:00)
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Bio & Pharma
Celltrion’s 4 new biosimilars win EU approval recommendation
Celltrion Inc. is one step closer to commercializing its four new biosimilars in Europe after a committee of the European Medicines Agency (EMA) rec...
Dec 16, 2024 (Gmt+09:00)
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Aerospace & Defense
Leonardo's Coulter named Hanwha Aerospace’s 1st foreign global chief
Hanwha Aerospace Co., a leading South Korean defense company, said on Monday it has hired Michael Coulter, a former senior executive at US-based Ita...
Dec 16, 2024 (Gmt+09:00)
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Social media
Seoul probes fake online accounts of Hyundai Motor advisor Sung Kim
The Seoul Metropolitan Police Agency has launched an investigation into social media accounts pretending to be Hyundai Motor Group advisor Sung Kim,...
Dec 16, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Hyosung TNC acquires Hyosung Chemical’s specialty gas unit for $642 mn
Hyosung TNC Corp., a South Korean textile and yarn maker, said on Thursday it will acquire the specialty gas division of Hyosung Chemical Corp. for ...
Dec 12, 2024 (Gmt+09:00)
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Food & Beverage
Samyang Foods releases export-only ramyun brand in Thailand
South Korea's Samyang Foods Co. said on Wednesday it launched the new export-only ramyun brand Mep in Thailand. Mep is the second brand for the...
Dec 11, 2024 (Gmt+09:00)
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Artificial intelligence
Samsung SDS to build AI-focused data center at Samsung Electronics’ plant
Samsung SDS Co., the information technology service unit of South Korea’s Samsung Group, plans to build an artificial intelligence data center...
Dec 10, 2024 (Gmt+09:00)
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Upcoming IPOs
LG CNS to use IPO proceeds to buy foreign IT firm
LG CNS Co., the information technology service unit of South Korea’s LG Group, plans to acquire a foreign IT company with the proceeds from it...
Dec 09, 2024 (Gmt+09:00)
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Economy
Korean economic policy chiefs play down martial law impact
South Korea’s Finance Minister Choi Sang-mok said on Friday that President Yoon Suk Yeol’s failed martial law attempt will have a very l...
Dec 06, 2024 (Gmt+09:00)
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Construction
Hanwha E&C to resume $10.4 billion Bismayah new city project in Iraq
Hanwha Engineering & Construction Co., an affiliate of South Korea’s Hanwha Group, said on Friday it is set to fully resume a $10.4 billio...
Dec 06, 2024 (Gmt+09:00)
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Korean stock market
Korean stocks diverge: Winners, losers of Yoon’s martial law debacle
South Korean stocks showed clear divergences on Wednesday amid a mixed market outlook as President Yoon Suk Yeol’s martial law declaration, re...
Dec 04, 2024 (Gmt+09:00)
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Robotics
POSCO to buy Korean robotics firm stake for steel business
South Korea’s steel-to-battery materials conglomerate POSCO Group will invest in the leading domestic robotics company to boost its ailing ste...
Dec 01, 2024 (Gmt+09:00)
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Petrochemicals
HD Hyundai Oilbank ventures into bioenergy sector as new growth driver
HD Hyundai Oilbank Co., a South Korean crude oil refiner backed by Saudi Aramco, is diversifying its business beyond fossil fuel-centered operations...
Nov 29, 2024 (Gmt+09:00)
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Entertainment
Controversy brews over HYBE Chair Bang’s investment deal with PEFs
Bang Si-hyuk, founder and chairman of HYBE Co., the South Korean entertainment giant behind K-pop global sensations BTS and NewJeans, is embroiled i...
Nov 29, 2024 (Gmt+09:00)
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Venture capital
S.Korean startup accelerators to boost overseas biz
South Korean accelerators (ACs) are turning to Southeast Asia and the Middle East market to support startups and expand their reach.ACs, companies t...
Nov 29, 2024 (Gmt+09:00)
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Executive reshuffles
Lotte replaces 21 CEOs, slashes executive jobs by 22% in drastic reshuffle
South Korea’s retail-to-chemical conglomerate Lotte Group on Thursday replaced 21 chief executives across its affiliates and slashed executive...
Nov 28, 2024 (Gmt+09:00)
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Central bank
BOK makes 1st back-to-back rate cut since 2009 global crisis
South Korea’s central bank lowered interest rates for a second straight meeting on Thursday in a surprise move and left the door open for anot...
Nov 28, 2024 (Gmt+09:00)
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Entertainment
SM's UK K-pop group Dear Alice to debut with Gamma
South Korea's SM Entertainment Co. partnered with the US-based music label "Gamma." to globally debut its first British K-Pop boy group Dear Alice.A...
Nov 27, 2024 (Gmt+09:00)
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Central bank
BOK to keep rate at 3.25% in Nov despite dim GDP outlook: survey
South Korea’s central bank is expected to freeze its policy rate at 3.25% during its last monetary policy meeting of the year to prevent any f...
Nov 26, 2024 (Gmt+09:00)
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Banking & Finance
Woori Bank to arrange $3.7 bn for Qatar desalination, power plant
South Korea's Woori Bank said on Tuesday it will arrange the Qatar Ras Abu Fontas desalination and power plant project, estimated to cost $3.7 billi...
Nov 26, 2024 (Gmt+09:00)
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Corporate bonds
Triple-A rated SK Telecom, KT tap 10-year bond market
South Korean companies with top-notch credit ratings such as SK Telecom Co. and KT Corp. are returning to the long-term bond market amid growing int...
Nov 26, 2024 (Gmt+09:00)