Impact-Ups
Scope
Date
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Insurance
Kyobo Life nurtures 136 startups over 7 years
South Korea's Kyobo Life Insurance Group announced on Thursday that it nurtured 136 impact businesses (Impact-Ups) in seven years to create social v...
Jul 11, 2024 (Gmt+09:00)
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Private equity
Korean PE funds shrink in 2023 for first time in 7 years
South Korean private equity investments declined last year for the first time since 2016 due to interest rate hikes, high inflation and the Korean w...
Jun 26, 2024 (Gmt+09:00)
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Automobiles
South Korea steps on accelerator for record 2024 car exports
ASAN, South Chungcheong Province – At Hyundai Motor Co.'s manufacturing plant in Asan, over 60 km south of Seoul, thousands of robots were bus...
May 28, 2024 (Gmt+09:00)
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Central bank
BOK sees more uncertainty in rate cut timing, ups growth forecast
The Bank of Korea said on Thursday it has grown more uncertain about when to cut interest rates despite expectations of easing the monetary policy g...
May 23, 2024 (Gmt+09:00)
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Shareholder value
Korea Inc. ups dividend payouts despite falling net income
South Korean companies listed on the main bourse Kospi raised their dividend payouts between 2021 and 2023 despite falling net income in the same pe...
May 10, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung's Jay Y. Lee visits Zeiss to reinforce EUV ties
Samsung Electronics Co. is deepening ties with Zeiss Group, the sole provider of optical systems to the world’s only extreme ultraviolet (EUV)...
Apr 28, 2024 (Gmt+09:00)
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Retail
Starfield launches 4th annual balloon festival with iconic character displays
Starfield, a chain of large shopping malls owned by Shinsegae, a South Korean retail company, announced on Friday that its 4th annual balloon festiv...
Apr 26, 2024 (Gmt+09:00)
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Korean startups
Bet on innovations with societal impact: Kakao Ventures CEO
In the past 10 years, Kim Ki-jun has been on the hunt for deep technology startups that will have a significant societal impact, and he will continu...
Apr 24, 2024 (Gmt+09:00)
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Tech, Media & Telecom
Microsoft CEO to meet with Samsung, SK Hynix, LG, SK Telecom chiefs
Microsoft Corp.’s top executives will meet with leaders of South Korea’s four top technology companies next month to discuss ways to str...
Apr 22, 2024 (Gmt+09:00)
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Sports
Shinsegae's baseball team on the rise: SSG Landers
Many professional sports teams are not profitable as they incur significant operating costs to secure star players and run related facilities while ...
Apr 12, 2024 (Gmt+09:00)
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Electronics
Samsung ups smaller OLED workforce to fend off Chinese rivals
Samsung Display Co., South Korea’s top screen maker, increased its workforce for smaller organic light-emitting diode (OLED) panels used for p...
Apr 04, 2024 (Gmt+09:00)
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Retail
Hyundai Dept. Store virtual idol pop-ups attract 100,000
South Korea's Hyundai Department Store Co. said on Monday that its pop-up stores of the three virtual idol groups at The Hyundai Seoul attracted ove...
Mar 18, 2024 (Gmt+09:00)
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Venture capital
LG ups ante in AI race with bullish bets on startups
LG Group, South Korea’s fourth-largest conglomerate controlling electronics, chemicals, media and service companies, is aggressively raising t...
Mar 07, 2024 (Gmt+09:00)
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Korean stock market
NPS to invest up to $8.2 bn in undervalued Korean stocks
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, is expected to invest up to 11 trillion won ($8.2 ...
Mar 01, 2024 (Gmt+09:00)
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Airlines
Asiana, Korea Univ. to jointly attract medical tourism
South Korea's Asiana Airlines Inc. announced on Monday that it has partnered with Korea University Anam Hospital to promote medical tourism. The agr...
Jan 08, 2024 (Gmt+09:00)
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Leadership & Management
MBK raises Hankook bid price, asks FSS to probe Cho's stock purchase
The sibling rivalry for control of Hankook & Company Co., the holding firm of South Korea’s largest tire maker Hankook Tire & Techno...
Dec 15, 2023 (Gmt+09:00)
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Batteries
US regulations push Korean battery industry to cut reliance on China
The South Korean battery industry is facing pressure to cut its reliance on Chinese capital as the US government on Dec. 1 issued guidance that will...
Dec 12, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Samsung’s Harman ups ante in home audio market with Roon
Harman International has taken over Roon Labs, the multi-device and multi-room audio technology company popular among audiophiles for its streaming ...
Nov 28, 2023 (Gmt+09:00)
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Food & Beverage
Lotte Hotels & Resorts ups ante in kimchi business
South Korea’s largest hotel group Lotte Hotels & Resorts is pinning high hopes on kimchi as a new revenue source amid intensifying competi...
Nov 21, 2023 (Gmt+09:00)
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Asset management
Investors roundtable: Watch out for a possible recession
Investors should carefully watch out for the probability of recession and how it will impact asset allocation strategies next year, experts said at ...
Nov 16, 2023 (Gmt+09:00)
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Korean startups
SK-backed social impact startups see higher corporate values
South Korean social impact startups backed by the country’s second-largest conglomerate SK Group enjoyed higher corporate values with two of t...
Nov 10, 2023 (Gmt+09:00)
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Economy
KDI cuts Korea growth forecasts, ups inflation predictions
A South Korean government think tank has cut its growth forecast in Asia’s fourth-largest economy for this year and next but raised inflation ...
Nov 09, 2023 (Gmt+09:00)
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Korean food
Lotte Wellfood ups Choco Pie India sales target to $60 mn with new factory
Lotte Wellfood Co., formerly Lotte Confectionery Co., has revised up this year’s Choco Pie sales forecast in India to 80 billion won ($60 mill...
Oct 10, 2023 (Gmt+09:00)
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Blockchain
Hana Bank to enter digital asset custody sector with BitGo
South Korea's Hana Bank on Tuesday said it signed a strategic business agreement with BitGo, a Palo Alto, California-based global digital asset cust...
Sep 05, 2023 (Gmt+09:00)
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Artificial intelligence
SK Telecom to host global AI hackathon in Seoul with OpenAI
South Korea's SK Telecom Co. will hold next month an artificial intelligence contest with OpenAI, the American information and communications techno...
Aug 17, 2023 (Gmt+09:00)
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Batteries
Lotte Energy ups elecfoil factory capacity in Spain to 30,000 tons
Lotte Energy Materials Corp., formerly Iljin Materials Co., will build a smart factory in Catalonia, Spain to produce 30,000 tons of high-end copper...
Aug 07, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor lifts guidance after record-high Q2 results
South Korea’s Hyundai Motor Co. on Wednesday posted its highest-ever quarterly profit, which came in above market expectations, driven by robu...
Jul 26, 2023 (Gmt+09:00)
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Hydrogen economy
Korea Zinc ties up with SK, Hanwha for Aussie green ammonia
Korea Zinc Inc., the world’s largest lead and zinc smelter, has joined hands with SK Gas Ltd. and Hanwha Impact Corp. for the green ammonia bu...
Jul 14, 2023 (Gmt+09:00)
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Korean chipmakers
SK Group chair sees semiconductor rebound in 6 mths to 1 yr
The semiconductor industry may be at the bottom of its cycle and is likely to turn around in six months to one year, in tandem with an expected econ...
Jul 13, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung’s foundry business to make DDIC chips for LX Semicon
LX Semicon Co., one of South Korea’s leading chip design firms, plans to ask Samsung Electronics Co. to manufacture display driver integrated ...
Jul 03, 2023 (Gmt+09:00)