Chinese group tours resume
Scope
Date
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Electronics
Samsung to release pianist Seong-Jin Cho’s 8K video
Samsung Electronics Co. announced on Thursday that it will release the worldwide famous pianist Seong-Jin Cho’s live performance video in 8K...
Feb 08, 2024 (Gmt+09:00)
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Corporate governance
Hanwha Group extends RSU to all affiliates
South Korea’s Hanwha Group announced on Wednesday that it will extend the restricted stock unit (RSU) to its all affiliates. Next year, RSU ...
Feb 07, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Cosmax opens integrated R&D center for bio-material
Cosmax Group, South Korea's largest cosmetics manufacturer specializing in original design manufacturing (ODM), announced on Monday that it has la...
Feb 05, 2024 (Gmt+09:00)
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Earnings
Naver logs record earnings on e-commerce, content; stocks up
South Korea’s online giant Naver Corp. reported record earnings on strong performances of its e-commerce and content businesses, sending its s...
Feb 02, 2024 (Gmt+09:00)
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Korean games
Nexon's DnF Mobile obtains Chinese game service license
South Korean online game developer Nexon Korea Corp.'s "Dungeon & Fighter Mobile" has obtained a banhao (game service license) from the Chinese ...
Feb 02, 2024 (Gmt+09:00)
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Construction
Daewoo E&C teams up with Chinese company on wind power generation
Daewoo Engineering & Construction Co. announced on Thursday that it has signed a business agreement with China Communications Construction Compa...
Feb 01, 2024 (Gmt+09:00)
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Earnings
Hana Bank at record profit; office bets hit Hana Securities
South Korea’s Hana Financial Group on Wednesday reported a dip in net profit in 2023, with record earnings at its flagship Hana Bank offset by...
Jan 31, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Amorepacific's profit halves on weak sales in China; shares drop
South Korean cosmetics giant Amorepacific Group's stock closed at 3,400 won ($2.6) on Wednesday, down 12.1% after the group announced disappointing ...
Jan 31, 2024 (Gmt+09:00)
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Corporate restructuring
Lotte Group Chairman says to sell ailing units for new biz: report
Lotte Group plans to sell ailing units as the South Korean retail-to-chemical conglomerate is shifting its focus to new growth sectors such as bio, ...
Jan 30, 2024 (Gmt+09:00)
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Fashion
Fashion Group Hyungji's profit surges 145% in 2023
South Korea's Fashion Group Hyungji reported on Tuesday a preliminary 30 billion won ($22.5 million) in earnings for 2023, a staggering 145% jump fr...
Jan 30, 2024 (Gmt+09:00)
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Business & Politics
Govenment calls end to Korean financial group heads' long-serving posts
South Korean financial group chiefs will no longer enjoy automatic term extensions as the government is stepping up pressure on the groups to improv...
Jan 29, 2024 (Gmt+09:00)
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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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Bio & Pharma
Celltrion, WuXi XDC to develop new antibody-drug conjugates
South Korea’s Celltrion Inc. has signed a business agreement with China’s WuXi XDC to jointly develop new antibody-drug conjugates (ADC)...
Jan 24, 2024 (Gmt+09:00)
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Corporate strategy
SK Group reintroduces Saturday CEO meeting after 20 years
South Korea’s energy-to-telecom conglomerate SK Group has decided to reintroduce Saturday gatherings of its subsidiaries' chief executives aft...
Jan 24, 2024 (Gmt+09:00)
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Korean stock market
Global X to liquidate China-exposed ETFs on poor returns
Global X ETFs, the New York-based provider of exchange-traded funds, will liquidate 19 ETFs, including 11 China-exposed funds, next month to stop th...
Jan 23, 2024 (Gmt+09:00)
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Shareholder activism
Flashlight Capital urges KT&G to sue its directors for negligence
Singapore-based investment management firm Flashlight Capital Partners Pte. (FCP) has urged South Korean tobacco maker KT&G Corp. to sue its inc...
Jan 23, 2024 (Gmt+09:00)
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Retail
Lotte Mall West Lake Hanoi cited as a Lotte success story
Lotte Mall West Lake Hanoi, a premium commercial complex, has emerged as a hot spot in Vietnam, hitting the 100 billion won ($74 million) milestone ...
Jan 22, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor Group holds firm as world’s No. 3 carmaker
South Korea’s Hyundai Motor Group kept its title as the world's third-largest automaker by sales volume for the second straight year in 2023, ...
Jan 21, 2024 (Gmt+09:00)
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Banking & Finance
S.Korea’s LS Group wins regulatory nod for securities biz
South Korea’s electrics components-to-energy conglomerate LS Group is set to start the securities business as it secured regulatory approval t...
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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Bio & Pharma
Kobiolabs gets Chinese patent for obesity treatment strain
South Korean microbiome-based new drug development company Kobiolabs Co. announced on Wednesday that it has a patent for its obesity treatment strai...
Jan 17, 2024 (Gmt+09:00)
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Steel
Korean steelmakers mull anti-dumping suit vs Chinese, Japanese firms
Under growing pressure from increased imports of cheap Chinese and Japanese steel products, South Korean steelmakers are considering filing an anti-...
Jan 17, 2024 (Gmt+09:00)
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Korean games
China to stop broadcast of S.Korean LoL league
China will stop the official broadcast of League of Legends (LoL) Champions Korea (LCK), according to the South Korean game industry. “There w...
Jan 17, 2024 (Gmt+09:00)
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E-commerce
Coupang to resume Rocket Delivery for LG H&H; ends 5-year feud
Coupang Inc., South Korea’s leading online retailer, said on Friday it will resume the same or next-day delivery service, dubbed “Rocket...
Jan 12, 2024 (Gmt+09:00)
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Batteries
S.Korea to probe Chinese batteries' alleged patent violations
South Korea will investigate alleged patent infringement by Chinese makers of smartphone batteries and high-nickel cathodes upon requests by LG Chem...
Jan 11, 2024 (Gmt+09:00)
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Corporate restructuring
Taeyoung’s fresh measures raise hope for debt workout
Taeyoung Group, South Korea’s midsize conglomerate controlling logistics, media and construction businesses, on Tuesday vowed to offer up its ...
Jan 09, 2024 (Gmt+09:00)
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Bio & Pharma
Samsung eyes biotech investments via Flagship Pioneering
Samsung C&T Corp., Samsung Biologics Co. and Samsung Bioepis Co. will ramp up investments in US biotechnology startups in collaboration with Fla...
Jan 09, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Korea’s Hanwha Ocean quits money-losing container shipbuilding business
South Korea’s Hanwha Ocean Co., the world’s third-largest shipbuilder, has decided to exit the money-losing container shipbuilding busin...
Jan 08, 2024 (Gmt+09:00)