Far East Latin America Express
Scope
Date
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Venture capital
UAE to invest up to $1 bn in S.Korean ventures
The United Arab Emirates is set to invest a maximum of $1 billion in South Korean startups via a joint venture, as a part of its mid- to long-term p...
May 07, 2024 (Gmt+09:00)
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Hydrogen economy
Hyundai to expand US hydrogen truck business with California nonprofit
Hyundai Motor Co., South Korea’s top automaker, is gearing up its hydrogen truck business in the US by teaming up with a California nonprofit ...
May 03, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Osstem to buy Brazil’s No. 3 dental implant maker Implacil
South Korea’s Osstem Implant Co., the world’s fourth-largest dental implant maker, is slated to acquire Brazilian peer Implacil De Borto...
May 03, 2024 (Gmt+09:00)
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Aerospace & Defense
Hyundai Rotem closer to supplying armored vehicles to Peru
Hyundai Rotem Co., a South Korean defense equipment and locomotive maker, has moved a step closer to exporting its wheeled armored vehicles, core to...
May 02, 2024 (Gmt+09:00)
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Sovereign bonds
Korea desperately seeks global bond index inclusion to rescue won
South Korea is desperately working for inclusion on a global major bond index to save the ailing won, the second worst-performer among emerging Asia...
Apr 30, 2024 (Gmt+09:00)
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Automobiles
Genesis unveils GV70 facelift ahead of Korean debut in May
Hyundai Motor Co.'s premium brand Genesis on Friday unveiled the GV70 facelift as the leading South Korean automaker plans to launch the luxury mids...
Apr 26, 2024 (Gmt+09:00)
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Machinery
HD Hyundai aims for world’s No. 5 spot in construction machinery
HD Hyundai Co., a South Korean shipbuilding and machinery conglomerate, is making big bets on Europe and South America to achieve its goal of seizin...
Apr 26, 2024 (Gmt+09:00)
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Electronics
LG Electronics hosts 'LG Showcase 2024' in UAE
LG Electronics Inc. announced on Friday that it hosted a new product showcase event called "LG Showcase 2024" in Abu Dhabi, United Arab Emirates, fr...
Apr 26, 2024 (Gmt+09:00)
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Bio & Pharma
HK inno.N to release K-CAB in MENA market
South Korean bio-health company HK inno.N announced on Tuesday that it signed a contract with Saudi Arabian local pharmaceutical company Tabuk Pharm...
Apr 23, 2024 (Gmt+09:00)
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Korean food
CJ CheilJedang's K-style rice gains popularity in N.America
South Korea’s CJ CheilJedang Corp. said on Tuesday that its sales of the flagship brand Bibigo’s Cooked Sticky White Rice in North Ameri...
Apr 23, 2024 (Gmt+09:00)
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Foreign exchange
Korean won at 17-month low on Middle East woes, Fed rate view
The South Korean won currency on Tuesday fell to its weakest level in 17 months, briefly touching the psychologically important 1,400 per dollar lev...
Apr 16, 2024 (Gmt+09:00)
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Artificial intelligence
Korea's AI startup Upstage raises $72 mn for global expansion
Upstage, South Korea’s artificial intelligence startup, raised about 100 billion won ($72 million) in its latest funding round, which the comp...
Apr 16, 2024 (Gmt+09:00)
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Aerospace & Defense
Hyundai Wia targets Chile's advanced arms market
Hyundai Wia Corp., an auto parts and defense unit of Hyundai Motor Group, announced on Thursday that it unveiled advanced weapons systems at the 202...
Apr 12, 2024 (Gmt+09:00)
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K-pop
K-pop giants poised for rebound with new fandom, rookies
K-pop companies, led by HYBE Co. and SM Entertainment Co., are gearing up for a rebound from poor performances in the first quarter, with the releas...
Apr 09, 2024 (Gmt+09:00)
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Fashion
Korea’s Sae-A Trading buys US sportswear maker Tegra
South Korean textile maker and supplier Sae-A Trading Co. said on Tuesday it has signed a definitive agreement to acquire US sportswear maker Tegra ...
Apr 09, 2024 (Gmt+09:00)
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Tech, Media & Telecom
Middle East, land of dreams for South Korean IT firms
South Korea’s information technology and game companies are rushing to the Middle East to seek global growth drivers as the oil-rich countries...
Apr 09, 2024 (Gmt+09:00)
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Automobiles
Tata Daewoo to build plant for producing trucks in Saudi Arabia
South Korea's Tata Daewoo Commercial Vehicle Company announced on Monday that it will build a production plant in Saudi Arabia.Tata Daewoo signed a ...
Apr 01, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
HD Hyundai Heavy wins record $463 million warship deal from Peru’s Navy
South Korea’s top shipbuilder HD Hyundai Heavy Industries Co. said on Friday it has won a $463 million contract to build four warships for Per...
Mar 29, 2024 (Gmt+09:00)
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Automobiles
Hankook Tire-sponsored Formula E São Paulo Round 4 to be held
The 2024 São Paulo E-PRIX, the fourth round of the 10th season of the ABB FIA Formula E World Championship, the world's premier electric vehi...
Mar 15, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
S.Korea’s HD KSOE bags $1.1 bn order to build LNG carriers
South Korea’s top shipbuilder HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) said on Monday it has secured a $1.08 billion con...
Feb 26, 2024 (Gmt+09:00)
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Food & Beverage
CJ CheilJedang overseas food sales surpasses domestic market
South Korea's CJ CheilJedang Corp. announced on Tuesday that its overseas food sales surpassed the domestic market in the fourth quarter performan...
Feb 14, 2024 (Gmt+09:00)
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Tech, Media & Telecom
Samsung, Princeton Univ. to team up for 6G R&D
Samsung Electronics Co. announced on Tuesday that its fore-front R&D center Samsung Research America (SRA) has joined Princeton University&rsquo...
Feb 13, 2024 (Gmt+09:00)
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Aerospace & Defense
LIG Nex1 inks $3.2 bn missile defense deal with Saudi Arabia
South Korea's major defense system developer LIG Nex1 Co. has clinched a $3.2 billion deal to export its latest missile interceptor to Saudi Arabia,...
Feb 07, 2024 (Gmt+09:00)
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Leadership & Management
Jay Y. Lee heads to Middle East, Malaysia for next Samsung takeoff
Samsung Electronics Co. Chairman Jay Y. Lee has embarked on a business trip to the Middle East in his first overseas trip since a South Korean court...
Feb 06, 2024 (Gmt+09:00)
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Machinery
Hyundai Rotem inks $664 million deal to supply electric trains to LA Metro
Hyundai Rotem Co., a South Korean railway system maker under Hyundai Motor Group, said on Tuesday it has won a $663.7 million deal to build electric...
Feb 06, 2024 (Gmt+09:00)
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Aerospace & Defense
LIG Nex1, Hyundai Rotem to team up for Middle East export
South Korea's major defense maker LIG Nex1 Co. announced on Tuesday that it has signed a memorandum of understanding (MOU) with Hyundai Rotem Co. to...
Feb 06, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Korean vegan makeup brand Dear Dahlia on the market
Dear Dahlia, a South Korean vegan makeup brand that operates around 300 stores across the globe, has been put on for sale for more than 100 billion ...
Feb 02, 2024 (Gmt+09:00)
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Construction
Central, South America: Korean builders’ El Dorado
South Korean construction companies are penetrating deeper into Central and South America, where high demand for infrastructure facilities is now se...
Jan 29, 2024 (Gmt+09:00)
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Automobiles
Hankook Tire unveils all-season tire Kinergy XP in N.America
South Korea's Hankook Tire & Technology announced on Wednesday that it will launch its all-season grand touring tire Kinergy XP in the North Ame...
Jan 24, 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)