Global ship orders
Scope
Date
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Mergers & Acquisitions
Mirae Asset acquires Indian brokerage firm Sharekhan for $360 million
South Korea’s leading asset manager Mirae Asset Financial Group has acquired Sharekhan Ltd., India’s 10th-largest brokerage firm, to enh...
Dec 12, 2023 (Gmt+09:00)
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Bio & Pharma
S.Korea’s GC Cell targets global cell therapy CDMO business
GC Cell Corp., an affiliate of South Korea’s major pharmaceutical company GC Biopharma Corp., is targeting the cell therapy contract developme...
Dec 12, 2023 (Gmt+09:00)
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Food & Beverage
Paris Baguette opens 7 new stores in SE Asia in one month
Paris Baguette, the bakery franchise owned by South Korea's SPC Group, said on Tuesday that it opened seven stores in Southeast Asia in on...
Dec 12, 2023 (Gmt+09:00)
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Earnings
POSCO International foresees record-high profits for 2023
POSCO International Corp., a South Korean general trading and energy exploration company, is expected to post its highest-ever profits this year tha...
Dec 10, 2023 (Gmt+09:00)
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Bio & Pharma
LegoChem Bio mulls name change after defeat to Lego
South Korean biopharmaceutical company LegoChem Biosciences Inc. is seeking to change its name after it lost in a trademark infringement lawsuit fil...
Dec 08, 2023 (Gmt+09:00)
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Automobiles
New 2024 E-Class soon to arrive in Korea, land of Mercedes-Benz
As with the launch of every new E-Class, the flagship model of luxury German car brand Mercedes-Benz, the phrase “evolution, not revolution&rd...
Dec 08, 2023 (Gmt+09:00)
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Automobiles
Hyundai Movex to supply smart logistics for Hankook Tire US plant
South Korea’s Hyundai Movex Co., the logistics automation solutions affiliate of Hyundai Group, secured a $82 million contract to equip Hank...
Dec 08, 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
Apple ordered to compensate Korean users for iPhone slowdown
An appellate court of South Korea on Wednesday ordered Apple Inc. to pay 70,000 won ($53.3) each to seven Korean iPhone users for deliberately slowi...
Dec 06, 2023 (Gmt+09:00)
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Executive reshuffles
Lotte Group’s 3rd-generation son comes to the fore
Shin Yoo-yeol, the eldest son of Lotte Group Chairman Shin Dong-Bin, was promoted to lead the group’s new division to be launched within its h...
Dec 06, 2023 (Gmt+09:00)
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Electric vehicles
POSCO International wins green car parts orders from US, Europe
POSCO International Corp., the general trading and energy exploration unit of South Korea’s steel giant POSCO Holdings Inc., is accelerating i...
Dec 06, 2023 (Gmt+09:00)
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Banking & Finance
Korean banks enjoy robust earnings in Asian emerging markets
Four major banks in South Korea are enjoying healthy earnings from overseas businesses, particularly in Asian emerging markets.KEB Hana Bank posted ...
Dec 05, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Korean shipbuilders slide to 2nd place after China in November orders
South Korean shipbuilders slid to second place in new shipbuilding orders last month, yielding the top spot back to their Chinese rivals.According t...
Dec 05, 2023 (Gmt+09:00)
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Korean chipmakers
Global NAND chip sales up in Q3 amid Samsung output cut
Global sales of NAND flash chips slightly grew in the third quarter as industry leaders such as Samsung Electronics Co. cut output, a report showed ...
Dec 05, 2023 (Gmt+09:00)
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Automobiles
Hyundai Mobis builds new electrification research center
South Korea’s Hyundai Mobis announced on Tuesday that it opened the Electrification Research Center in Euiwang, Gyeonggi Province, South Korea...
Dec 05, 2023 (Gmt+09:00)
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Electric vehicles
Kia EV9 sweeps European awards, sees strong US pre-orders
The Kia EV9, the flagship large all-electric sport utility vehicle of South Korea’s No. 2 automaker, is sweeping major industrial awards in Eu...
Dec 04, 2023 (Gmt+09:00)
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Foreign exchange
S.Korea, Japan seal 3-year $10 bn currency swap deal
South Korea and Japan on Friday revived their bilateral currency swap line to boost their dollar liquidity amid improved diplomatic relations.The tw...
Dec 01, 2023 (Gmt+09:00)
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Private equity
IMM PE's value creation leads to $840 mn deal with BlackRock
When BlackRock bought a 30% stake in South Korean gas supplier AirFirst Co. for 1.1 trillion won ($842 million) from Seoul-based IMM Private Equit...
Dec 01, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
HD KSOE secures $432 mn order for 4 ammonia carriers
HD Hyundai has successfully secured a contract for building mega-sized ammonia carriers worth 557.4 billion won ($432.4 million). HD Korea Shipbuild...
Dec 01, 2023 (Gmt+09:00)
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Korean startups
Korea's startup ecosystem lags behind peers in global investments
South Korea’s startup environment lags behind major countries in terms of global expansion and foreign investment attraction, a report from st...
Nov 30, 2023 (Gmt+09:00)
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Construction
HD Hyundai taps RCE to go global with used heavy machinery
HD Hyundai Construction Equipment Co., the construction machinery provider under South Korean shipbuilding conglomerate HD Hyundai Group, will ventu...
Nov 29, 2023 (Gmt+09:00)
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Korean startups
KOTRA to support K-startups in European expansion
The Korea Trade-Investment Promotion Agency (KOTRA) announced on Wednesday the establishment of a South Korean pavilion at the upcoming SLUSH 2023, ...
Nov 29, 2023 (Gmt+09:00)
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Corporate bonds
More Koreans seek high-yield bond funds, betting the Fed will end hikes
South Korean investors are growing more interested in global high-yield bond funds, betting that the US Federal Reserve is likely to end its interes...
Nov 28, 2023 (Gmt+09:00)
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Artificial intelligence
Hancom to unveil document creator like Mircrosoft's Copilot
Hancom Inc., a homegrown office suite developer in South Korea, is set to speed up its artificial intelligence business with a beta service of AI-po...
Nov 28, 2023 (Gmt+09:00)
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Bio & Pharma
Samsung Biologics reaches record-breaking annual orders
Samsung Biologics Co., the world’s top contract manufacturing organization (CMO) by capacity, surpassed the annual contract manufacturing orde...
Nov 28, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Hanwha Ocean wins $125.5 mn order for VLAC
South Korea's Hanwha Ocean Co. announced on Monday that it secured an order for one very large ammonia carrier (VLAC) from a shipowner in Oceania fo...
Nov 27, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Naver to launch global version of Whale browser in Q1 2024
Naver Cloud, the infrastructure subsidiary of South Korea’s online giant Naver Corp., plans to launch a global version of its Whale browser in...
Nov 26, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Korean shipbuilders seek overseas yards for surging orders
South Korean shipbuilders are seeking overseas production bases through mergers and acquisitions to meet soaring demand across the world as they hav...
Nov 26, 2023 (Gmt+09:00)
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Energy
Taihan Cable to bid for power distribution network in UK
South Korea's Taihan Cable & Solution Co. announced on Friday that it signed a memorandum of understanding (MOU) with the global infrastructure ...
Nov 24, 2023 (Gmt+09:00)
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Construction
HD Hyundai wins $72 mn power equipment order in Saudi
HD Hyundai Electric Co., the electrical equipment and energy solution company under South Korea’s shipbuilding giant HD Hyundai Co., has won a...
Nov 24, 2023 (Gmt+09:00)
Latest News
- 1 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 2 AI startup MarqVision raises $16.5 mn to close Series A
- 3 Taihan Cable wins $630 mn power grid project in Singapore
- 4 Korean startup scene is gloomy, say 2 out of 5 startup CEOs
- 5 MBK ups stakes for Korea Zinc to match buyback offer