Chinese petrochem rivals
Scope
Date
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Artificial intelligence
Samsung unveils generative AI Gauss, to be integrated in Galaxy S24
Samsung Electronics Co. on Wednesday unveiled its first generative artificial intelligence model, Samsung Gauss, to compete with the likes of ChatGP...
Nov 08, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Korean shipyards to beat Chinese rivals with green tankers
South Korean dockyards aim to expand their presence in the global tanker market dominated by Chinese players with vessels designed to transport or s...
Nov 07, 2023 (Gmt+09:00)
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ESG
SK Geo Centric switches to recycled materials for petchem packaging
South Korea’s SK Geo Centric Co. is using recycled materials for product packaging as it aims to transform itself into a green petrochemical p...
Nov 06, 2023 (Gmt+09:00)
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Leadership & Management
Ex-Kumho Petrochemical chair returns as Kumho Mitsui co-CEO
Park Chan-koo, former chairman of South Korea’s Kumho Petrochemical Group, has returned to the top position of Kumho Mitsui Chemicals Inc. as ...
Nov 02, 2023 (Gmt+09:00)
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Beauty & Cosmetics
CJ Olive Young opens specialized store for foreigners in Seoul
South Korea's health and beauty store chain CJ Olive Young announced on Wednesday it has changed its flagship store Olive Young Myeongdong Town as...
Nov 01, 2023 (Gmt+09:00)
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Chemical Industry
Kumho Petrochem, POSCO look to carbon nanotube JV, share swap
South Korea’s Kumho Petrochemical Co. and POSCO International Corp. are considering launching a joint venture to produce carbon nanotubes (CNT...
Oct 27, 2023 (Gmt+09:00)
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Batteries
LG Energy Solution to start producing cheaper EV batteries
LG Energy Solution Ltd., the world’s second-largest electric vehicle battery maker, plans to manufacture cheaper EV batteries such as lithium ...
Oct 25, 2023 (Gmt+09:00)
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Bio & Pharma
HLB gets global rights to Chinese liver cancer drug
South Korea’s HLB Therapeutics Co. on Tuesday said its US subsidiary Elevar Therapeutics has acquired the global rights excluding South Kore...
Oct 17, 2023 (Gmt+09:00)
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Batteries
Korea’s battery trio aims to outsmart Chinese rivals in US
South Korea’s three major battery makers — LG Energy Solution Ltd., SK On Co. and Samsung SDI Co. — recently came under renewed pr...
Oct 16, 2023 (Gmt+09:00)
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Travel & Leisure
S.Korea sees rise in young, independent Chinese tourists
South Korea is welcoming a growing number of Chinese tourists since China lifted a ban on group tours to its neighboring country on Aug. 10 after mo...
Oct 15, 2023 (Gmt+09:00)
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Electric vehicles
Hyundai Motor to manufacture BAIC’s Arcfox EVs in China
BEIJING -- Hyundai Motor Co. is set to manufacture electric vehicles of Arcfox, a Chinese EV brand owned by BAIC Motor Corp., as the leading South K...
Oct 11, 2023 (Gmt+09:00)
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Retail
S.Korea’s petrochemical, steel firms open online shopping malls
South Korea’s petrochemical and steel companies, which mainly engage in business-to-business transactions, are opening or running a string o...
Oct 10, 2023 (Gmt+09:00)
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Automobiles
Tesla Model Y reclaims spot as Koreans' favorite foreign car in September
The Tesla Model Y reclaimed the top spot on the best-selling imported car list in South Korea last month for the first time since September 2022. Th...
Oct 06, 2023 (Gmt+09:00)
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Research & Development
S.Korea’s corporate R&D spending lags global rivals
Major South Korean companies’ spending on research and development lags investments made by their global competitors due to lower government t...
Oct 05, 2023 (Gmt+09:00)
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Petrochemicals
LG Chem to sell polarizer businesses to Chinese peers for $800 mn
LG Chem Ltd., the parent of South Korea’s No. 1 battery maker LG Energy Solution Ltd., will unload its polarizer businesses to two Chinese pla...
Sep 27, 2023 (Gmt+09:00)
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Petrochemicals
Samsung Eng. wins $19.5 mn Saudi petrochemical plant design contract
South Korea's Samsung Engineering has secured a front end engineering design (FEED) project for a PDH·PP·UTOS Plant in Saudi Arabia, m...
Sep 27, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Korean Air may give up Asiana’s cargo business, 4 routes for EU approval
Korean Air Lines Co. may give up the cargo business of Asiana Airlines Inc. and four of its lucrative routes in Europe in an all-in bet as the marri...
Sep 25, 2023 (Gmt+09:00)
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Retail
NHN Commerce to collaborate with China's Shanhai Digital
NHN Commerce, South Korea's major online company NHN Corp.'s online shopping platform, announced its strategic business agreement with ShanHai Digit...
Sep 25, 2023 (Gmt+09:00)
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Energy
US OKs Chinese-made solar modules using materials of S.Korea's OCI
The US has approved the import of Chinese-made solar panels using polysilicon from South Korea's green and energy company OCI Holdings Co.Pundits sa...
Sep 25, 2023 (Gmt+09:00)
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Logistics
Lotte Global Logistics, CoEvolution to develop automatic solutions
South Korea's Lotte Global Logistics announced on Wednesday that it has signed a memorandum of understanding (MOU) for a strategic partnership with ...
Sep 20, 2023 (Gmt+09:00)
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Fintech
Alipay’s Ant becomes No.2 shareholder of S. Korea’s Toss Payments
Ant Group Co., the operator of China’s biggest mobile payment platform Alipay, has become the second-largest stakeholder of Toss Payments, the...
Sep 18, 2023 (Gmt+09:00)
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Retail
NHN Commerce to expand into Chinese market with Xinxuan
NHN Commerce, South Korea's major online company NHN Corp.'s online shopping platform, announced its strategic business agreement with China's leadi...
Sep 18, 2023 (Gmt+09:00)
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Private equity
Korea's STX denies rumors it is backed by Chinese fund
South Korean general trading company STX Corp. has said its largest shareholder is a local investment firm, refuting false reports swirling in the m...
Sep 15, 2023 (Gmt+09:00)
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Bio & Pharma
AriBio to sell dementia drug AR1001 in China with partner
South Korea's clinical-stage biotech company AriBio Co. on Wednesday said it signed a memorandum of understanding on strategic cooperation with Chin...
Sep 13, 2023 (Gmt+09:00)
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Business & Politics
S.Korea to receive $1 bn in unpaid bills from Uzbek gas project
South Korean firms are poised to receive $1 billion in unpaid bill that has accumulated since 2017 from Uzbekistan’s Surgil gas project as the...
Sep 08, 2023 (Gmt+09:00)
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Travel & Leisure
Over 130 Chinese travel industry officials visit S.Korea
Since the Chinese government allowed its citizens to participate in group tours to South Korea last month, Chinese travel industry representatives h...
Sep 06, 2023 (Gmt+09:00)
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Business & Politics
S.Korea woos Chinese visitors via temporary e-visa fee exemption
South Korea has waived e-visa issuance fees through year's end for Chinese visitors on group tours.This is in response to the travel industry's re...
Sep 05, 2023 (Gmt+09:00)
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Tech, Media & Telecom
SK Ecoplant to supply fuel cells to Singapore data center
South Korea's SK Ecoplant will supply solid oxide fuel cells (SOFC) for the power supply system of a data center to be built in Singapore by GDS, Ch...
Sep 04, 2023 (Gmt+09:00)
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Electronics
LG Elec to fend off challengers with tech supremacy: H&A Head Ryu
LG Electronics Inc., the South Korean home appliance giant that is also the world’s No. 1 home electronics seller, is sure it can hold its mar...
Sep 03, 2023 (Gmt+09:00)
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Travel & Leisure
Duty-free shops in Jeju welcome return of Chinese cruise tourism
For the first time since Beijing lifted restrictions on group tourism to South Korea, Chinese cruise tourists have flocked to Jeju Island's duty-fre...
Sep 01, 2023 (Gmt+09:00)
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