Gorilla Glass Victus 2
Scope
Date
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Corporate restructuring
Doosan to resume Bobcat, Robotics merger with new ratio
South Korea’s plant and machinery powerhouse Doosan Group will resume the merger of Doosan Bobcat Inc. and Doosan Robotics Inc. using a new me...
9 HOURS AGO
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Economy
S.Korea’s exports fall 2.9% in first 20 days of October; chip sales strong
South Korea’s exports, the country’s main growth driver, fell 2.9% in the first 20 days of October amid falling demand for vehicles and ...
12 HOURS AGO
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Automobiles
Hyundai, Kia production may be disrupted by subsidiary labor strike
Hyundai Motor Co. and Kia Corp., South Korea’s two largest carmakers, are likely to face disruptions in local production as their auto parts s...
Oct 16, 2024 (Gmt+09:00)
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Banking & Finance
KB Kookmin Bank issues €500 mn in covered bonds
South Korea's KB Kookmin Bank said on Tuesday that it issued €500 million ($545 million) in global covered bonds the previous day.Covered bonds...
Oct 15, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Sono Hospitality to buy stake in Air Premia to bolster airline portfolio
Sono Hospitality Group, South Korea’s largest resort operator, will add low-cost carrier Air Premia Inc. to its bulging portfolio after agreei...
Oct 15, 2024 (Gmt+09:00)
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Robotics
Lightweight cobots with higher payload fuel robot arms rivalry
Denmark-based Universal Robots’ release of the world’s slimmest collaborative robot (cobot) with an increased lifting capacity is spurri...
Oct 14, 2024 (Gmt+09:00)
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Real estate
Korea’s financial exposure to real estate nearly doubles in 10 years
South Korea’s financial exposure to real estate has nearly doubled over the past decade, with lending to households making up about half. The ...
Oct 13, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Korea Zinc ups share buyback price, volume to counter MBK
Korea Zinc Inc. said on Friday it will buy back more shares at a higher price than originally planned to counter North Asia-focused private equity f...
Oct 11, 2024 (Gmt+09:00)
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Asset management
Mirae Asset India surpasses 2 million retail client accounts
Mirae Asset Securities Co. said on Thursday that the number of retail client accounts in its India operations has crossed the 2 million mark.This ma...
Oct 10, 2024 (Gmt+09:00)
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Korean startups
Two out of 5 CEOs hold negative views on Korean startup scene
Nearly half of South Korean startups hold negative views on the country’s startup ecosystem, citing the prolonged startup funding winter and t...
Oct 04, 2024 (Gmt+09:00)
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Corporate investment
Korea’s KCC Glass to invest $525 mn more in Indonesian plant
KCC Glass Corp., a major South Korean construction materials manufacturer, is set to invest an additional 700 billion won ($524.8 million) in its In...
Oct 04, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
HD Hyundai Heavy Industries gets AIP for 2,300 ton submarine
South Korea's HD Hyundai Heavy Industries Co. said on Thursday it received Approval in Principle (AIP) for its 2,300-ton export submarine from the...
Oct 04, 2024 (Gmt+09:00)
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Central bank
S.Korea’s inflation dips below 2% for 1st time in 42 months
South Korea’s headline inflation slowed below 2% for the first time in three and a half years in September on lower international oil prices, ...
Oct 02, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Korea Zinc, Bain Capital offer $2.4 bn share buyback vs MBK
Korea Zinc Inc. said on Wednesday it will buy back shares for 3.1 trillion won ($2.4 billion) with the backing of Bain Capital to counter MBK Partne...
Oct 02, 2024 (Gmt+09:00)
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Corporate bonds
Fed’s big rate cut spurs Korean firms to issue foreign bonds
South Korean companies rushed to issue foreign currency bonds after the US Federal Reserve lowered interest rates for the first time in more than fo...
Sep 25, 2024 (Gmt+09:00)
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Tech, Media & Telecom
S.Koreans log most hours on YouTube worldwide
YouTube was the most popular app among South Korean smartphone users, a study found, logging the most hours on the video streaming platform worldwid...
Sep 19, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Hanwha to take full control of S’pore Dyna-Mac with tender offer
South Korea’s chemicals-to-defense conglomerate Hanwha Group plans to acquire all shares it does not own in Dyna-Mac Holdings Ltd., a Singapor...
Sep 12, 2024 (Gmt+09:00)
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Aerospace & Defense
S.Korea’s LIG Nex1, Iraq set for $2.6 billion deal on M-SAM missile system
Iraq has decided to import South Korean-made mid-range surface-to-air missile (M-SAM) system II, known as Cheongung II, in a deal estimated at $2.6 ...
Sep 12, 2024 (Gmt+09:00)
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Banking & Finance
Shinhan SOL Travel Cards' cumulative issuance reaches 1.2 mn
South Korea's Shinhan Card said on Wednesday that the cumulative issuance of its travel-specialized card, the Shinhan SOL Travel Card (available in ...
Sep 11, 2024 (Gmt+09:00)
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Retail
Shinsegae Duty Free opens premium store at Incheon Airport
South Korea's Shinsegae Duty Free launched a premium store at Incheon International Airport, aiming to counter the decline in downtown duty-free sal...
Sep 11, 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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Aerospace & Defense
Hanwha signs MOU with WB Group for $2 bn Polish submarine project bid
Hanwha Ocean Co. said on Wednesday it has signed an initial agreement on business cooperation with Polish defense firm WB Group to raise its chances...
Sep 04, 2024 (Gmt+09:00)
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Electronics
LG Elec unveils gram laptop featuring Intel Series 2
LG Electronics Inc. unveiled its latest LG gram laptop on Wednesday, powered by Intel's new Intel Core Ultra processor (Series 2) during an ...
Sep 04, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Hanwha to bag up to $2.2 bn container ship order from Maersk
Hanwha Ocean Co., South Korea’s third-largest shipbuilder, is expected to win its first container ship order from the world’s No. 2 ship...
Sep 01, 2024 (Gmt+09:00)
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Automobiles
Hyundai zeroes in on hybrid cars, longer-range EVs
Hyundai Motor Co. will double its hybrid vehicle lineup to 14 models and develop longer-range electric vehicles to overcome a prolonged slowdown or ...
Aug 28, 2024 (Gmt+09:00)
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Central bank
Bank of Korea holds rate steady, signals pivot to easing soon
South Korea’s central bank held interest rates steady but cut its inflation and growth forecasts for the year and signaled that it will pivot ...
Aug 28, 2024 (Gmt+09:00)
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Mergers & Acquisitions
IMM consortium picked as preferred bidder for Ecorbit
A consortium of IMM Private Equity and IMM Investment has moved a step closer to owning South Korea’s No. 1 landfill company Ecorbit Co. after...
Aug 26, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung’s new 2 nm foundry process to cut chip size by 17%
A new contract chipmaking technology, dubbed the backside power delivery network (BSPDN), will reduce the size of a 2-nanometer chip by 17%, compare...
Aug 22, 2024 (Gmt+09:00)
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Korean stock market
Korea's KEDI-based ETFs boom; net assets double in 2 months
South Korean exchange-traded funds (ETFs) tracking KEDI, an index set created by The Korea Economic Daily, are booming on growing investor demand fo...
Aug 20, 2024 (Gmt+09:00)
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Bio & Pharma
CHA Healthcare incorporates Singapore's SMG as subsidiary
South Korea's CHA Healthcare Co., CHA Biotech's overseas medical business affiliate incorporated Singapore's SMG as a subsidiary. CHA Healthcare an...
Aug 19, 2024 (Gmt+09:00)
Latest News
- 1 Bain Capital puts beauty device maker Classys on market
- 2 POSCO International eyes M&A in US natural gas market
- 3 Samsung Galaxy Z Fold Special Edition: slimmest, lightest of its kind
- 4 Hyundai Motor Group six affiliates to strengthen carbon neutrality
- 5 Samsung C&T consortium wins $1.6 bn Turkish highway project