China Cultural Media Group
Scope
Date
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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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AgTech
Avalve to export $1.5 mn smart farm solution to Vietnam
South Korea's smart farm startup Avalve announced on Friday that it signed a total of $1.5 million in memorandums of understanding (MOUs) with Vietn...
Mar 29, 2024 (Gmt+09:00)
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Banking & Finance
Shinhan Securities leads M&A of Trench Group
South Korea's Shinhan Securities announced on Friday that it participated as the lead underwriter in the merger and acquisition deal of Trench Group...
Mar 29, 2024 (Gmt+09:00)
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Batteries
POSCO Future M named Fortune Asia Future 30
South Korea’s POSCO Future M Co. has been named Asia Future 30 by the US economic media Fortune on Mar. 27, according to the company on Thursd...
Mar 28, 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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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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Automobiles
Kia taps ex-BMW, Mercedes-Benz designers for China, Europe
Kia Corp., South Korea’s No. 2 automaker, has appointed former designers of German luxury carmakers BMW AG and Mercedes-Benz AG as chiefs of i...
Mar 26, 2024 (Gmt+09:00)
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Batteries
POSCO new chief vows to keep fostering battery materials business
POSCO Holdings Inc.'s new Chairman Chang In-hwa on Thursday pledged to keep fostering its electric vehicle battery materials business, the group&rsq...
Mar 21, 2024 (Gmt+09:00)
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Bio & Pharma
SK Bioscience exports Sky Cellflu to Thailand
South Korea's SK Bioscience Co. announced on Thursday that it has shipped about 440,000 doses (for single-dose administration) of its cell-cultured ...
Mar 21, 2024 (Gmt+09:00)
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Corporate governance
Lotte Group to give more authority to outside directors
Food-to-retail conglomerate Lotte will expand the authority of outside directors by separating the roles of chief executives and board chairs at its...
Mar 20, 2024 (Gmt+09:00)
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Corporate investment
LG injects $97 mn into Vista Equity’s fund for new tech investments
LG Group, South Korea’s fourth-largest conglomerate, injected $97 million into a fund run by Vista Equity Partners Management LLC for investme...
Mar 20, 2024 (Gmt+09:00)
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Logistics
Hanjin, Tuushin Group to co-work for logistics in Mongolia
South Korea's Hanjin Transportation, a logistics unit of Hanjin Group, announced on Wednesday that it signed a memorandum of understanding (MOU) wit...
Mar 20, 2024 (Gmt+09:00)
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Bio & Pharma
Samsung invests in BrickBio in US
Samsung Group announced on Tuesday that its Life Science Fund has invested in the US-based antibody-drug conjugates (ADC) and gene therapy technol...
Mar 19, 2024 (Gmt+09:00)
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Business & Politics
China exodus to elevate Korea to Asia hub: AmCham chief
South Korea has outstripped Hong Kong and Shanghai as a preferred Asia-Pacific headquarters destination for global companies, trailing only Singapor...
Mar 19, 2024 (Gmt+09:00)
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Commodities
Korea struggles with surging copper scrap exports to China
South Korea’s nonferrous metal industry is scrambling for the procurement of copper scrap as China, the world’s top copper consumer, has...
Mar 18, 2024 (Gmt+09:00)
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Korea business lobby group eyes tax reform in new parliament
The Korea Enterprises Federation will reinforce efforts to win lawmakers’ nod to its long-desired campaign to slash corporate taxes and inheri...
Mar 18, 2024 (Gmt+09:00)
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Shareholder activism
Samsung C&T defeats activist funds in proxy battle
Activist funds arm in arm to demand higher dividends from Samsung C&T Corp. got defeated in a proxy fight against the de facto holding firm of S...
Mar 15, 2024 (Gmt+09:00)
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Regulations
South Korea gets tough with Chinese platforms AliExpress, Temu, Shein
South Korea plans to introduce a get-tough e-commerce policy on Chinese platforms such as AliExpress, Temu and Shein amid increasing complaints abou...
Mar 13, 2024 (Gmt+09:00)
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Private equity
Tmax Group to draw more than $572 mn to buy back Tmaxsoft
South Korea's leading software company Tmax Group is set to draw at least 750 billion won ($572.3 million) and a maximum of 1 trillion won from Seou...
Mar 12, 2024 (Gmt+09:00)
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Electric vehicles
POSCO Int’l wins $9 bn permanent magnet orders from US, Europe
POSCO International Corp. has bagged deals worth nearly 1.2 trillion won ($9 billion) in total to deliver permanent magnets to finished carmakers in...
Mar 12, 2024 (Gmt+09:00)
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Retail
Coupang launches direct purchase service to Japan
Coupang Inc., South Korea's leading e-commerce platform, announced on Monday that it is expanding its overseas direct purchase service, "Rocket Jikg...
Mar 11, 2024 (Gmt+09:00)
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Artificial intelligence
LG, Jackson Lab to jointly develop AI models for Alzheimer’s, cancers
LG AI Research, the artificial intelligence research arm of South Korea’s LG Group, and the Jackson Laboratory (JAX), a US non-profit biomedic...
Mar 11, 2024 (Gmt+09:00)
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Mergers & Acquisitions
South Korea’s Daesang retracts bid to acquire China’s Chengfu Food
South Korea’s food giant Daesang Corp. has retracted its bid to acquire a controlling stake in China’s leading food additives maker Heil...
Mar 08, 2024 (Gmt+09:00)
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Corporate governance
NPS to veto adding Hyosung chair, vice chair to board
The National Pension Service (NPS) will veto the appointment of the chairman and vice chairman of Hyosung Corp. as inside board members of the de fa...
Mar 07, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Korea reclaims top spot in global shipbuilding orders in February
South Korean shipbuilders reclaimed the global No. 1 position in new orders last month for the first time since October 2023, according to data by U...
Mar 06, 2024 (Gmt+09:00)
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Electronics
Samsung’s Odyssey Neo G9 redefines gaming monitors
Samsung Electronics Co. is redefining the scope of gaming monitors with its latest model, the Odyssey Neo G9, which the South Korean tech giant says...
Mar 05, 2024 (Gmt+09:00)
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Private equity
IMM PE sells $135 mn Woori Financial shares in block deal
IMM Private Equity has sold 180.5 billion won ($135 million) worth of shares in South Korea’s Woori Financial Group in a block deal, reaping 4...
Mar 03, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
HPS, CE-TEK to develop onboard carbon capture system
Hyundai Heavy Industries Power Systems Co. (HPS) will join hands with HD Korea Shipbuilding & Offshore Engineering Co. (KSOE) and CE-TEK Ltd. to...
Feb 29, 2024 (Gmt+09:00)
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Banking & Finance
Korean banking groups see record-high loan losses in 2023
South Korea’s top four financial services groups – KB, Shinhan, Hana and Woori -- booked 1.97 trillion won ($1.5 billion) of loans as lo...
Feb 27, 2024 (Gmt+09:00)
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K-pop
BTS agency HYBE logs record sales backed by albums, concerts
HYBE Co., the agency behind K-pop sensation BTS, last year logged the highest-ever annual revenue for a South Korean entertainment company, backed b...
Feb 26, 2024 (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