Economic Development Cooperation Fund
Scope
Date
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Shareholder activism
NPS chief questions fairness in POSCO’s CEO selection process
POSCO Holdings Inc., the parent of South Korea’s largest steelmaker POSCO, has come under fire for its opaqueness in choosing a new leader a...
Dec 29, 2023 (Gmt+09:00)
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Korean games
Korean game developers expedite global conquest
South Korea’s major game developers NCSOFT Corp., Nexon Co. and Netmarble Corp. plan to roll out new games for overseas players next year in a...
Dec 26, 2023 (Gmt+09:00)
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Bio & Pharma
J&J seeks US, European approval for drug developed with Yuhan
Global healthcare giant Johnson & Johnson is seeking approval for a lung cancer drug developed with Yuhan Corp., bringing the South Korean pha...
Dec 22, 2023 (Gmt+09:00)
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Advertising & Marketing
HS Ad, Coupang to co-work for retail media advertising
South Korea’s HS Ad Inc. announced on Thursday that it will collaborate with the domestic e-commerce giant Coupang for data-based digital mark...
Dec 21, 2023 (Gmt+09:00)
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Private equity
Campbell Lutyens taps ex-KIC PE chief as Korea head
Campbell Lutyens & Co. Ltd., a UK private equity advisory firm, has tapped sovereign wealth fund Korea Investment Corporation (KIC) former PE he...
Dec 21, 2023 (Gmt+09:00)
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Tech, Media & Telecom
SK Telecom, Thales jointly strengthen 5G security
South Korea's SK Telecom Co. announced on Tuesday that it collaborated with global data security company Thales for 5G security.According to the com...
Dec 19, 2023 (Gmt+09:00)
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Korean games
NCSOFT, Obigo to jointly develop car AI services
South Korea's major game developer and publisher NCSOFT Corp. announced on Monday that it signed a memorandum of understanding (MOU) with the domest...
Dec 18, 2023 (Gmt+09:00)
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Electronics
LG Innotek develops wireless BMS for EVs
South Korean electronic parts maker LG Innotek announced on Sunday that it developed a cutting-edge wireless battery management system (BMS), a cr...
Dec 18, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor, UAE’s Mubadala to collaborate on future business projects
South Korea’s top automaker Hyundai Motor Co. and the United Arab Emirates’ sovereign wealth fund Mubadala Investment Co. have agreed to...
Dec 18, 2023 (Gmt+09:00)
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Aerospace & Defense
Hanwha Systems to develop swift, accurate mine detection tech
South Korea's Hanwha Systems Co. is set to embark on the development of a mine detection system using big data and artificial intelligence (AI) tech...
Dec 15, 2023 (Gmt+09:00)
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Banking & Finance
Korea Housing Finance Corp. opens New York office
Korea Housing Finance Corporation announced on Wednesday that it has opened a New York office to serve as a hub for its overseas fund procurement ac...
Dec 15, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung, ASML to build joint research plant in Hwaseong
Samsung Electronics Co. and ASML Holding NV plan to build their joint research plant in Dongtan township in Hwaseong, South Korea, in which the me...
Dec 15, 2023 (Gmt+09:00)
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Batteries
POSCO develops EV battery material for lithium extraction
POSCO Holdings Inc., said on Thursday it has developed a key material used for recovering lithium from ore and saltwater jointly with WSK, a South K...
Dec 14, 2023 (Gmt+09:00)
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Private equity
China's CICC enters S.Korea with its private equity fund
BEIJING – CICC Capital, a unit of China International Capital Corp. (CICC), has entered the South Korean market with the launch of a private e...
Dec 13, 2023 (Gmt+09:00)
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Steel
POSCO DX to develop robots for steel mills
POSCO DX Co., the IT services subsidiary of South Korean steelmaker POSCO Holdings Inc., will collaborate with Chosun Refractories Co. to develop ...
Dec 13, 2023 (Gmt+09:00)
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Korean chipmakers
ASML, Samsung to build R&D center in Korea for $760 mn
AMSTERDAM, Netherlands -- Samsung Electronics Co. and ASML Holding N.V. have reached a preliminary agreement to build a research and development fac...
Dec 13, 2023 (Gmt+09:00)
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ESG
POSCO Future M included in DJSI Asia Pacific Index
South Korea’s battery materials maker POSCO Future M Co. announced on Tuesday that it was listed on Dow Jones Sustainability Asia/Pacific In...
Dec 12, 2023 (Gmt+09:00)
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Supply chain
South Korea to launch $7.6 bn supply chain fund, make urea locally
South Korea plans to set up a supply chain stabilization fund of up to 10 trillion won ($7.6 billion) to effectively cope with sudden supply disrupt...
Dec 11, 2023 (Gmt+09:00)
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Korean startups
Korea’s Growth Champions 2024 by Statista, Korea Economic Daily
Statista, the world’s leading data and intelligence company, has teamed up with The Korea Economic Daily to identify South Korea’s faste...
Dec 11, 2023 (Gmt+09:00)
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Korea’s Growth Champions 2024 list by Statista, Korea Economic Daily
List of Korea’s Growth Champions 2024 Rank Company Absolute Growth Rate Compound Annual Growth Rate (CAGR) Revenue 2019 Revenu...
Dec 11, 2023 (Gmt+09:00)
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Bio & Pharma
SK Bioscience applies Phase 3 trials in US for pneumococcal vaccine
South Korea's SK Bioscience Co. announced on Monday that it submitted the Investigational New Drug (IND) application for the Phase 3 clinical trial ...
Dec 11, 2023 (Gmt+09:00)
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Automobiles
Hyundai, Kia unveil snow tire-transforming technology
Hyundai Motor Co. and Kia Corp. unveiled a tire technology that can transform regular tires into snow tires with the simple push of a button, the co...
Dec 11, 2023 (Gmt+09:00)
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Korean games
Cookie Run: Kingdom to launch in China on Dec 28
South Korean game developer DevSisters Corp. announced on Friday that its globally popular mobile game “Cookie Run: Kingdom” will offici...
Dec 08, 2023 (Gmt+09:00)
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Batteries
LG Energy, KAIST develop Li-Metal battery tech for improved EV range
South Korea’s LG Energy Solution Ltd. and the Korea Advanced Institute of Science & Technology (KAIST) have developed a lithium-metal batt...
Dec 07, 2023 (Gmt+09:00)
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Electronics
LG Elec joins governing body of SOAFEE
LG Electronics Inc. announced on Thursday that it became the ninth member of the governing body of the Scalable Open Architecture for Embedded Edge ...
Dec 07, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Naver, PIF-backed JV join hands for Saudi Arabia’s smart cities
South Korean online portal giant Naver Corp. is planning to accelerate Saudi Arabia’s digital transformation in partnership with a tech firm b...
Dec 07, 2023 (Gmt+09:00)
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Bio & Pharma
Celltrion Healthcare's Herzuma selected as funded brand in NZ
Celltrion Healthcare Co. announced on Thursday that its biosimilar anticancer drug Herzuma (active ingredient trastuzumab) for breast and gastr...
Dec 07, 2023 (Gmt+09:00)
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Shareholder activism
Palliser Capital urges Samsung C&T reform for $25 bn value-up
London-based hedge fund Palliser Capital said on Wednesday that Samsung C&T Corp. is 63% intrinsically undervalued and could increase its value ...
Dec 07, 2023 (Gmt+09:00)
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Bio & Pharma
Celltrion, Cyron to develop multi-specific antibody new drug
South Korea’s biopharmaceutical company Celltrion Inc. announced on Wednesday that it signed a joint research agreement with domestic startup ...
Dec 06, 2023 (Gmt+09:00)
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Business & Politics
SK’s Chey proposes South Korea-Japan economic bloc akin to EU
WASHINGTON, D.C. – South Korea and its closest neighbor Japan need to form an economic coalition, similar to the European Union (EU), to meet ...
Dec 06, 2023 (Gmt+09:00)
Latest News
- 1 S.Korean defense firms stand to gain if Harris wins Nov. election
- 2 Lotte chief bets on K-food boom for global expansion
- 3 South Korea signs MOU on Philippine nuclear safety checks, eyes plant deals
- 4 Samsung's Lee inspects MLCC plant in Philippines as it eyes turnaround
- 5 LG Energy aims to more than double sales to $50 billion by 2028