Basic Plan for Long-Term Electricity Supply and Demand
Scope
Date
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Travel & Leisure
Lotte Duty Free, Modetour to co-work for Vietnam tourism
South Korea's Lotte Duty Free announced on Friday that it has signed a memorandum of understanding (MOU) with Modetour Network Inc. to jointly devel...
Jan 26, 2024 (Gmt+09:00)
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Automobiles
Daedong Gear to supply $137mn EV parts to Hyundai
Daedong Gear Co., a powertrain subsidiary of South Korea’s Daedong Group, announced on Thursday that it has won a 183.6 billion won ($137 mill...
Jan 25, 2024 (Gmt+09:00)
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Earnings
SK Hynix swings to profit; sees 60% surge in HBM demand
SK Hynix Inc. turned a profit in the last quarter of 2023, reversing losses over the past four quarters as high-performance chips such as doubl...
Jan 25, 2024 (Gmt+09:00)
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Batteries
Sodium-ion batteries: Attractive option for EVs as costs, supply matter
Sodium-ion batteries (SIBs), fast emerging as the next-generation battery cells, will be up to 24% cheaper than the most affordable lithium-based ba...
Jan 24, 2024 (Gmt+09:00)
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Energy
HD Hyundai Oilbank to advance into N.American lubricants market
HD Hyundai Oilbank Co., South Korean shipbuilding and machinery conglomerate HD Hyundai Co.'s oil refining unit, will venture into the North America...
Jan 24, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung’s new 990 EVO SSD ideal for everyday use, more demanding work
Samsung Electronics Co., the world’s largest memory chipmaker, on Wednesday announced a new addition to its consumer solid-state drive (SSD) l...
Jan 24, 2024 (Gmt+09:00)
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Earnings
Taihan Cable sees best profit in 15 years on foreign orders
Taihan Cable & Solution Co., a major South Korean cable manufacturer, on Tuesday said its 2023 operating profit hit the largest level in 15 year...
Jan 23, 2024 (Gmt+09:00)
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Korean stock market
Korea’s ELS market to stagnate after HSCEI debacle: KOFIA chairman
The Korea Financial Investment Association (KOFIA) will go all out to minimize any adverse effects on the South Korean financial market from an anti...
Jan 23, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Harim, KDB in dispute over $5 bn HMM deal conditions
Talks to sell South Korea’s No. 1 ocean carrier HMM Co. to Harim Group, a leading poultry processor, have made little progress amid disputes o...
Jan 23, 2024 (Gmt+09:00)
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North Korea
North Korea’s missiles tested on the battlefields of Ukraine
SEOUL—One of the world’s biggest illicit-arms suppliers just got a major advertisement.In recent weeks, Russian forces have fired...
Jan 23, 2024 (Gmt+09:00)
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Banking & Finance
Korean banks flock to Poland, Korean Inc.’s new manufacturing hub
South Korean banks are in a race to advance into Poland to support Korean companies rushing to build factories in the new offshore manufacturing hub...
Jan 22, 2024 (Gmt+09:00)
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Automobiles
Hyundai unveils All-New Kona Electric N Line in Europe
Hyundai Motor Co. unveiled 2024 The all-new KONA Electric N Line in the European market including the UK on Jan. 16., according to the company.&nb...
Jan 22, 2024 (Gmt+09:00)
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Retail
Lotte Duty Free holds grand reopening ceremony at Changi Airport
Lotte Duty Free held a grand opening ceremony for its Changi Airport store in Singapore, marking the official start of its 19 stores.Lotte Duty Free...
Jan 21, 2024 (Gmt+09:00)
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Aerospace & Defense
IMM invests $97 mn in Korean supplier of Boeing, Airbus
IMM Investment Corp., a major South Korean private equity firm, invested $97 million in Kencoa Aerospace Corp., a local supplier of global industry ...
Jan 19, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Korean shipbuilders tighten grip on ammonia carrier market
South Korean shipbuilders continued to win very large ammonia carrier (VLAC) orders, expanding their shares in the global eco-friendly vessel market...
Jan 19, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor, Kia rank 4th in Europe with record 2023 sales
South Korea’s top automaker Hyundai Motor Group saw its vehicle sales in Europe rise to a fresh record high in 2023, driven by sport utility v...
Jan 18, 2024 (Gmt+09:00)
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Banking & Finance
Woori Financial to bolster private banking service: chairman
Woori Financial Group, South Korea’s fourth-largest financial holding company, will reinforce its wealth management service for high-net-worth...
Jan 18, 2024 (Gmt+09:00)
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Batteries
S.Korea, Indonesia to strengthen battery materials supply chain
South Korea and Indonesia plan to strengthen the collaboration to establish an electric vehicle (EV) battery ecosystem, capitalizing on Indonesia'...
Jan 18, 2024 (Gmt+09:00)
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Fiber & Textile
S.Korea’s Hyosung to expand tire cord business to India
DAVOS, Switzerland -- Hyosung Group, a South Korean textile-to-chemicals conglomerate, plans to expand its tire cord business to India, the world's ...
Jan 18, 2024 (Gmt+09:00)
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Electric vehicles
POSCO Int'l to supply motor cores to Hyundai, Kia in Europe
POSCO International Corp. announced on Thursday that it has secured an order for 1.03 million units of motor cores, which will be featured electric ...
Jan 18, 2024 (Gmt+09:00)
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ESG bonds
Steel giant POSCO raises $500 mn in 3-year green bonds
POSCO raised $5 million in three-year green bond sales on Jan. 16 to invest the proceeds in domestic facilities, the largest steelmaker in South Kor...
Jan 17, 2024 (Gmt+09:00)
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Corporate bonds
Korean corporate debt sale hits snag amid Taeyoung woes
The South Korean corporate bond market is taking a direct hit from growing credit crunch concerns in the country’s construction sector trigger...
Jan 17, 2024 (Gmt+09:00)
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Pension funds
NPS picks tech, electronics as its favorite local stocks in 2023
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, picked information tech, electric and electronic s...
Jan 17, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Hyundai sells Chongqing plant at $227 mn for China restructuring
Hyundai Motor Co. has sold its plant in Chongqing for $227 million as the leading South Korean carmaker continues restructuring its business to surv...
Jan 17, 2024 (Gmt+09:00)
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Batteries
SK On signs tech transfer with Solid Power
SK On Co., a battery affiliate of South Korea's SK Group, announced on Wednesday that it has signed a technology transfer agreement with the US-ba...
Jan 17, 2024 (Gmt+09:00)
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Batteries
Korea's LX International buys Indonesian nickel miner for $100 mn
South Korean trading firm LX International Corp. said on Tuesday that it has acquired a 60% stake in Indonesian miner PT Adhi Kartiko Pratama (AKP)&...
Jan 16, 2024 (Gmt+09:00)
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Automobiles
Korea’s Kia to set up sales unit in Thailand; EV plant an option
South Korea’s second-largest automaker Kia Corp. plans to establish a sales subsidiary in Thailand as part of its electric vehicle push in the...
Jan 16, 2024 (Gmt+09:00)
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Artificial intelligence
Lunit to supply AI image analysis solutions to Samsung Electronics
South Korean medical AI company Lunit has secured a significant partnership with tech giant Samsung Electronics Co., signing a three-year, $1.86 mil...
Jan 16, 2024 (Gmt+09:00)
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Food & Beverage
Daesang launches alternative sweetener brand Sweevero
South Korean food company Daesang Corp. announced on Tuesday that it is launching the integrated brand "Sweevero" for alternative sweeteners like al...
Jan 16, 2024 (Gmt+09:00)
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Energy
Iljin Electric secures $36 mn order for high-voltage cables in Malaysia
Iljin Electric, the integrated heavy electric device unit of South Korea's Iljin Group, announced on Tuesday that it has recently signed a contract ...
Jan 16, 2024 (Gmt+09:00)
Latest News
- 1 HYBE shares fall after NewJeans demand Min's reinstatement
- 2 Hyundai Motor’s IONIQ 5: Pope Francis’ Popemobile in Singapore
- 3 SK E&S considers selling real estate for clean energy
- 4 Celltrion to supply breast, stomach cancer treatment to Brazil
- 5 Shinsegae Department Store expands its diamond business