Fair Trade and Win-win Growth Agreement
Scope
Date
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Fashion
Uniqlo expands in Korea as No-Japanese boycott wanes
Uniqlo Co., a Japanese fast fashion brand, is vigorously expanding brick-and-mortar stores in South Korea, attracting budget-conscious consumers ami...
Sep 27, 2024 (Gmt+09:00)
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Electronics
Seoul Semiconductor wins no-wire LED patent case in Europe
South Korea’s Seoul Semiconductor Co. said on Wednesday it won a patent dispute against Taiwan's Everlight Electronics Co. after the European ...
Sep 26, 2024 (Gmt+09:00)
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Tech, Media & Telecom
SK Telecom, KT win at Leading Lights Awards
SK Telecom Co. and KT Corp. received the Leading Lights Awards 2024. SK Telecom and KT were named winners of Outstanding Use Case: AI/Machine L...
Sep 25, 2024 (Gmt+09:00)
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Food & Beverage
BBQ Chicken to enter Indonesian market
Genesis BBQ Group, the operator of a popular South Korean fried chicken brand, said on Monday that it signed a master franchise agreement with PT ...
Sep 23, 2024 (Gmt+09:00)
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Advertising & Marketing
KakaoTalk to adopt full-screen ads as sales, profit growth stunted
Kakao Corp., the operator of South Korea’s dominant messenger and chat app KakaoTalk, is set to introduce full-screen advertisements on the ch...
Sep 23, 2024 (Gmt+09:00)
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Korean startups
Race to win tableside ordering market heats up in Korea
Baemin, South Korea's top food delivery platform, and the country’s leading travel and accommodation booking platform operator Yanolja Co. hav...
Sep 20, 2024 (Gmt+09:00)
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Korean stock market
Mirae Asset named as Best Securities House in S.Korea by Euromoney
Mirae Asset Securities announced on Thursday that it has been named “Best Securities House in South Korea” at the Euromoney Securities H...
Sep 19, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor, Kia win 12 awards at IDEA Design Awards
Hyundai Motor Co. and Kia Corp. announced on Friday that they won a total of 12 awards, including three Gold Awards, at the 2024 International Desig...
Sep 13, 2024 (Gmt+09:00)
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Energy
SK Earthon wins 2nd oil field exploration bid in Malaysia
SK Earthon Co., the energy resources exploration and production (E&P) unit of South Korean energy giant SK Innovation Co., is accelerating its g...
Sep 08, 2024 (Gmt+09:00)
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Automobiles
Hyundai, Kia post record August US sales, driven by hybrids, EVs
South Korea’s Hyundai Motor Co. and its sister firm Kia Corp. saw their US vehicle sales in August rise to all-time highs, driven by eco-frien...
Sep 05, 2024 (Gmt+09:00)
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Economy
S.Korea’s Q2 GDP slows 0.2%, upholds rate cut expectations
South Korea’s economic growth slowed in the second quarter on weaker domestic consumption and investment by private businesses, heightening ex...
Sep 05, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung, SK Hynix up the ante on HBM to enjoy AI memory boom
TAIPEI – Samsung Electronics Co. and SK Hynix Inc., the world’s two largest memory chipmakers, are racing to supply their advanced DRAM ...
Sep 04, 2024 (Gmt+09:00)
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Food & Beverage
Goldman Sachs to sell stake in Korea’s top food ingredient wholesaler
Goldman Sachs is set to sell its stake in South Korea’s leading food ingredient wholesaler in an estimated 120 billion won ($89.4 million) dea...
Sep 03, 2024 (Gmt+09:00)
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Tech, Media & Telecom
Suprema wins security projects in African countries
South Korea’s Suprema Inc., an artificial intelligence (AI)-based security company, said on Monday it won a contract to supply its fingerprint...
Sep 03, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung, SK Hynix ramp up DRAM business on rapid AI growth
Samsung Electronics Co. and SK Hynix Inc.,the world’s two largest memory chipmakers, are expanding their dynamic random access memory business...
Sep 02, 2024 (Gmt+09:00)
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Electronics
HD Hyundai Electric wins $50 mn transformer order in Sweden
South Korea's HD Hyundai Electric Co. said in a regulatory filing on Friday that it signed a 66.2 billion won ($49.6 million) contract to supply pow...
Aug 30, 2024 (Gmt+09:00)
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Corporate bonds
POSCO Int'l wins first credit rating from S&P, Moody's
South Korea's POSCO International Corp. said on Thursday that it received its first-ever credit ratings from Standard & Poor's (S&P) and Moo...
Aug 30, 2024 (Gmt+09:00)
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Construction
SGC E&C wins $366 mn chemical plant project in Saudi Arabia
SGC Engineering & Construction (E&C), a company specializing in engineering, procurement and construction (EPC), said on Wednesday that it s...
Aug 28, 2024 (Gmt+09:00)
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Batteries
Samsung SDI, GM to build $3.5 bn EV battery plant in US
Samsung SDI Co., the world’s No. 6 battery maker, and General Motors Co., the leading US automaker, are set to build a $3.5 billion cell plant...
Aug 28, 2024 (Gmt+09:00)
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Banking & Finance
Kookmin to tighten loan limits to cool housing market
Kookmin Bank, South Korea’s largest lender under KB Financial Group, will tighten lending to curb mortgage loan growth in line with the govern...
Aug 26, 2024 (Gmt+09:00)
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Tech, Media & Telecom
LG kicks off SPARK 2024 to share AI, new tech with Big Tech, startups
LG Group, South Korea’s fourth-biggest conglomerate, is holding a three-week multifaceted technology innovation festival to share ideas on new...
Aug 26, 2024 (Gmt+09:00)
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Energy
Kakao Pay to run Pangyo office with renewable energy
South Korea’s Kakao Pay Corp. said on Monday that it signed a green premium purchase agreement with Korea Electric Power Corp. (KEPCO), the So...
Aug 26, 2024 (Gmt+09:00)
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Pension funds
NPS to veto SK Innovation’s merger with LNG affiliate
South Korea’s National Pension Service (NPS), manager of the world’s third-largest public pension fund, said on Thursday it is set to ve...
Aug 23, 2024 (Gmt+09:00)
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Fashion
Kolon FnC to launch Italian high-end brand N21 in S.Korea
South Korea's Kolon FnC said on Thursday that it will launch the Italian high-end fashion brand N21 in South Korea.In August, Kolon FnC has secured ...
Aug 23, 2024 (Gmt+09:00)
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Central bank
BOK signals autumn rate cut as inflation, economic growth slow
South Korea’s central bank is likely to reduce interest rates in the next three months as inflation is expected to ease amid a slowdown in Asi...
Aug 22, 2024 (Gmt+09:00)
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Corporate strategy
LG to seek most of profit from new growth engines
LG Electronics Inc., the leading global home appliance maker, aims to generate most of its profit from future growth drivers by 2030 as the South Ko...
Aug 21, 2024 (Gmt+09:00)
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Companies
Hyundai AutoEver wins $66 mn public safety contract in Angola
Hyundai AutoEver Corp., a software subsidiary of Hyundai Motor Group, secured consecutive contracts to build public safety systems in African countr...
Aug 19, 2024 (Gmt+09:00)
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Artificial intelligence
Naver Cloud takes the lead in Korea’s public AI business
South Korean online giant Naver Corp.'s cloud subsidiary is expanding its presence in the country’s public artificial intelligence market by w...
Aug 16, 2024 (Gmt+09:00)
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Bio & Pharma
Celltrion scraps merger with Celltrion Pharm
South Korea’s largest biosimilar maker Celltrion Inc. said on Friday that it has scrapped a plan to merge with Celltrion Pharm Inc., an R&...
Aug 16, 2024 (Gmt+09:00)
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Economy
South Korea’s job growth rises in July led by elderly workers
South Korea’s job numbers grew in July, led by new hires among those in their 60s and older in one of the world's fastest-aging countries. The...
Aug 14, 2024 (Gmt+09:00)