Climate Change
Scope
Date
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Banking & Finance
KTB rebrands with name change as Daol Financial Group
Daol Financial Group of South Korea, formerly known as KTB Financial Group, announced on March 25 the change in the company's name. Daol, a Korean w...
Mar 27, 2022 (Gmt+09:00)
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Central bank
BOK governor nominee stokes slower rate hike expectations
South Korea’s nominee for its new central bank governor stoked expectations that the Bank of Korea may raise interest rates less than predicte...
Mar 25, 2022 (Gmt+09:00)
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Central bank
Korea names IMF official as new central bank head
South Korea on Wednesday nominated veteran International Monetary Fund official Rhee Chang-yong as the country’s new central bank chief, who i...
Mar 23, 2022 (Gmt+09:00)
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Korean games
WeMade revises 2021 results to exclude crypto earnings
WeMade Co., a pioneer in South Korea's play-to-earn (P2E) game industry, revised its 2021 operating profit downward by 70% after excluding 220 billi...
Mar 17, 2022 (Gmt+09:00)
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Korean startups
Cloud management provider Cloocus receives $41 mn in Series B funding
Cloud management service provider Cloocus Co. has received 50 billion won ($40.8 million) from SK Inc. C&C, those familiar with the investment...
Mar 07, 2022 (Gmt+09:00)
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Shares in Nexon, two listed arms rise on M&A hopes
The unexpected death of Nexon founder Kim Jung-ju stoked market speculation about a possible change in its ownership structure and top management, s...
Mar 02, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
Hyundai Heavy’s holding firm changes name to HD Hyundai
South Korea’s Hyundai Heavy Industries Holdings Co. is changing its name to HD Hyundai as the holding company of the world's largest shipbuild...
Feb 24, 2022 (Gmt+09:00)
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Automobiles
Hyundai to take fresh crack at Japan market with online EV sales
TOKYO – Hyundai Motor Co. is reentering the Japanese car market after a 12-year hiatus with its latest electric vehicles, as the growing deman...
Feb 08, 2022 (Gmt+09:00)
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IPOs
LG Energy sets new IPO record with $9.65 trillion investor demand
LG Energy Solution Ltd., the world’s second-largest battery maker, has set a new record for an initial public offering with demand for its sha...
Jan 12, 2022 (Gmt+09:00)
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Venture capital
GS launches corporate VC firm
GS announced the establishment of a corporate venture capital (CVC) firm Sunday, the first of its kind for a holding company in Korea. The announcem...
Jan 09, 2022 (Gmt+09:00)
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Corporate restructuring
Hyundai Motor reshuffles overseas units to deal with changing markets
Hyundai Motor Co., South Korea’s top automaker, has reorganized its overseas units, reducing the number of business sectors to five from nine,...
Dec 19, 2021 (Gmt+09:00)
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Corporate restructuring
Samsung’s mobile business renamed MX to highlight user experience
Samsung Electronics Co. on Friday changed the name of its mobile communications business to MX, short for mobile experience, in line with its pursui...
Dec 10, 2021 (Gmt+09:00)
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Leadership & Management
Samsung’s mid-tier executive reshuffle: More female and foreign faces
Samsung Electronics Co. on Thursday carried out its year-end reshuffle of mid-tier executives, marked by the highest number of promotions for female...
Dec 09, 2021 (Gmt+09:00)
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Leadership & Management
Samsung reshuffles three major CEOs, combines mobile and consumer electronics units
Samsung Electronics Co., in a surprise move, has merged its mobile and consumer electronics businesses into a single unit, and replaced chief execut...
Dec 07, 2021 (Gmt+09:00)
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Corporate rebranding
Korean oil refiners keen to change company names
Hyundai Oilbank Co. and S-Oil Corp. are discussing changing their names to join other South Korean oil refiners, which recently underwent corporate ...
Nov 25, 2021 (Gmt+09:00)
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Memo from Howard Marks
The winds of change
The Korea Economic Daily Global Edition exclusively carries the full text of the latest memos from Howard Marks, co-founder and co-chairman of Oaktr...
Nov 24, 2021 (Gmt+09:00)
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Supply chain
Urea crisis lays bare South Korea’s heavy dependence on China
The diesel exhaust fluid crisis hitting South Korea across various industries lays bare the supply chain vulnerability of the country, which has hea...
Nov 14, 2021 (Gmt+09:00)
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Batteries
US startup SES unveils game-changing lithium-metal battery
SES Holdings Pte. Ltd., one of the world’s top solid-state battery makers, unveiled a hybrid lithium-metal rechargeable battery with better pe...
Nov 04, 2021 (Gmt+09:00)
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Murata Manufacturing CEO
Japan's Murata redefines customers in game-changing era
KYOTO, Japan - Murata Manufacturing Co., the world's No. 1 producer of multilayer ceramic capacitors (MLCCs) and other electronic components, will e...
Oct 08, 2021 (Gmt+09:00)
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Corporate governance
Celltrion makes first step in streamlining governance structure
South Korea’s pharmaceutical conglomerate Celltrion Group has made its very first step in reforming corporate governance structure by merging ...
Sep 17, 2021 (Gmt+09:00)
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Apple Likely Has More App Store Deals to Make
As Apple Inc. works to negotiate its way out of its App Store troubles, one thing is becoming increasingly clear: the technology titan mig...
Sep 08, 2021 (Gmt+09:00)
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Chief Executives
Father of Krafton's PUBG eyes the expansion of games
In September 2020, Krafton Inc.’s blockbuster game PlayerUnknown’s Battlegrounds (PUBG) hit a major roadblock. India prohibited Chinese ...
Aug 24, 2021 (Gmt+09:00)
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Korean stock market
Underage stock investors surge with decent gains in Korea
The number of investors under age 18 is rising in South Korea, posting even higher gains from their stock purchases than adults.According to 10 dome...
Aug 10, 2021 (Gmt+09:00)
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E-commerce platform TMON delays IPO plans
South Korea’s e-commerce platform TMON Inc., majority-owned by KKR & Co. and Anchor Equity Partners, will postpone its plans for initial p...
Jul 23, 2021 (Gmt+09:00)
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E-commerce
Coupang changes leadership roles to expand global business
Coupang Corp. has executed changes in leadership roles to focus more on overseas ventures. The company has entered Japan and Singapore this year. So...
Jun 17, 2021 (Gmt+09:00)
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Earnings
Korean firms emerge triumphant from pandemic with record Q1 profits
South Korean companies have posted their best-ever quarterly sales and operating profits, emerging from a year-long slump caused by the global COVID...
May 21, 2021 (Gmt+09:00)
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AgTech
Daedong rebrands with name change, posts record earnings
South Korea’s top farm machinery maker Daedong Corporation has changed its name from Daedong Industrial Co. to strengthen its brand identity a...
Mar 30, 2021 (Gmt+09:00)
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Portfolio readjustments
NPS under fire over rule change to raise domestic stock purchase limit
South Korea’s National Pension Service (NPS) came under fire over its expected rule change aimed at raising the upper limit for domestic stock...
Mar 25, 2021 (Gmt+09:00)
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Automobiles
Hyundai, Kia set to change gear to revive China sales
Hyundai Motor Co. and Kia Corp. posted their worst results in China last year since they advanced into that neighboring market in 2002. Their Chines...
Mar 10, 2021 (Gmt+09:00)
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Mergers & Acquisitions
LG hires Kim & Chang as advisor for mobile division sale
LG Electronics Inc. has mandated South Korea’s largest law firm Kim & Chang as the legal advisor for its smartphone division sale, accor...
Jan 22, 2021 (Gmt+09:00)