Industry Leader of the Year
Scope
Date
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Aerospace & Defense
Hyundai E&C, KAI to develop export-type package for defense industry
South Korea's Hyundai Engineering & Construction (E&C) and Korea Aerospace Industries Ltd. (KAI) will jointly develop an export package for ...
Mar 28, 2023 (Gmt+09:00)
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ESG
CJ CheilJedang signs ESG agreement with Jincheon County in Korea
South Korea's largest food company CJ CheilJedang Corp. announced on Monday that it has signed a business agreement with Jincheon County in North Ch...
Mar 27, 2023 (Gmt+09:00)
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Petrochemicals
Kolon Industries achieves certification for eco-friendly petroleum resins
Kolon Industries Inc., a Korean manufacturer of chemical and textile products, announced on Monday that it has become the first company in the domes...
Mar 27, 2023 (Gmt+09:00)
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Venture capital
Korean startup investments rapidly dry up in wake of SVB debacle
The shock from the collapse of American startups’ main financing artery Silicon Valley Bank (SVB) has been deeply felt in the South Korean sta...
Mar 27, 2023 (Gmt+09:00)
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Airlines
Eastar Jet resumes operations with sold-out flights after three-year hiatus
South Korean low-cost airline Eastar Jet Co. has recommenced commercial operations after a three-year suspension, with a flight from Gimpo to Jeju t...
Mar 27, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung's Lee visits growth driver MLCC China plant
Samsung Electronics Co. Chairman Jay Y. Lee has chosen Samsung Electro-Mechanics Co.'s new multi-layer ceramic capacitor (MLCC) plant in Tianjin as ...
Mar 27, 2023 (Gmt+09:00)
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Energy
SK Energy wins first place in K-BPI gas station sector in Korea
SK Energy, an energy and petrochemical unit of South Korea's SK Group, has won first place for 17 consecutive years in the gas station sector of the...
Mar 27, 2023 (Gmt+09:00)
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Automobiles
Korea’s LG Elec, POSCO Future M receive GM supplier awards
South Korea’s LG Electronics Inc. and POSCO Future M said on Sunday that they won annual supplier awards from US top automaker General Motors ...
Mar 26, 2023 (Gmt+09:00)
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Korean chipmakers
Korean research team develops AI chip to cut power use
South Korean scientists have developed a chip that needs less electricity for advanced efficiency and data processing to help the country’s se...
Mar 26, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Samsung, Aramco to cooperate in using industrial 5G tech
Samsung Electronics Co. and Saudi Aramco announced on Friday the signing of a strategic cooperation memorandum of understanding aimed at localizing ...
Mar 24, 2023 (Gmt+09:00)
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Mergers & Acquisitions
HYBE accepts Kakao’s tender offer to exit SM Entertainment
HYBE Co., the largest shareholder of SM Entertainment Co., said on Friday it has accepted Kakao Corp.’s tender offer to sell its shares in the...
Mar 24, 2023 (Gmt+09:00)
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Fiber & Textile
Cowell Fashion acquires Superdry’s Asia-Pacific IP rights for $50 mn
South Korea's innerwear company Cowell Fashion Co. has acquired the Asian rights to the British fashion brand Superdry for $50 million and plans to ...
Mar 24, 2023 (Gmt+09:00)
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Batteries
SK On, EcoPro, China’s GEM to jointly build precursor factory
South Korea’s electric vehicle (EV) battery major SK On Co. will build a precursor plant at home with a Korean partner, EcoPro Co., and China'...
Mar 23, 2023 (Gmt+09:00)
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ESG
HMM receives Gold rating in EcoVadis ESG evaluation
HMM Co., formerly known as Hyundai Merchant Marine, announced on Thursday that it has received the "Gold" rating for environmental, social and gover...
Mar 23, 2023 (Gmt+09:00)
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Korean food
Paris Baguette expands to Canada with first store in Toronto
SPC, the South Korean food and beverage conglomerate, announced the opening of the first Paris Baguette store in Toronto, Canada, on March 23. The m...
Mar 23, 2023 (Gmt+09:00)
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Automobiles
Hankook Tire supplies tires to BMW Driving Center for 9 consecutive years
Hankook Tire & Technology, a tire manufacturer based in South Korea, announced on Wednesday its exclusive partnership with BMW Driving Center's ...
Mar 23, 2023 (Gmt+09:00)
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Automobiles
Ssangyong Motor changes name to KG Mobility
South Korea’s Ssangyong Motor Co., whose new owner is KG Group, has renamed itself KG Mobility, its first name change in 35 years.With its new...
Mar 23, 2023 (Gmt+09:00)
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Batteries
EcoPro taps mines in the Americas to secure cathode materials: EcoPro CEO
EcoPro Group, South Korea’s leading battery materials producer, is mulling investments in mines in the Americas to source cathode materials, a...
Mar 22, 2023 (Gmt+09:00)
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Insurance
Kyobo Life chief Shin Chang-jae inducted into insurance hall of fame
Shin Chang-jae, chief executive and chairman of South Korea’s Kyobo Life Insurance Co., has been honored with a prestigious award from the I...
Mar 22, 2023 (Gmt+09:00)
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Chemical Industry
Kolon Industries to make 100% plant-based eco-friendly plastic
Kolon Industries Inc.'s Future Technology Institute announced on Wednesday that it has partnered with Stora Enso Oyj, a global biomaterials leader f...
Mar 22, 2023 (Gmt+09:00)
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ESG
Samsung Electronics gets highest-level certification from AWS
South Korea's electronics giant Samsung Electronics Co. has achieved the highest level of "Platinum" certification from the Alliance for Water Stewa...
Mar 22, 2023 (Gmt+09:00)
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Electronics
Samsung sets ambitious sales target for home appliances
Samsung Electronics Co. has beefed up its lineup of premium Bespoke home appliances with improved energy efficiency, artificial intelligence-enabled...
Mar 22, 2023 (Gmt+09:00)
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E-commerce
S.Korea's Oasis posts surplus for second straight year
South Korea's Oasis Corp., a grocery delivery platform specializing in early morning shipments, on Tuesday said it posted last year operating profit...
Mar 22, 2023 (Gmt+09:00)
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Chemical Industry
POSCO Future M to spend $300 million on NCA cathode plant in Pohang
South Korea's battery component maker POSCO Future M, formerly POSCO Chemical, on Tuesday said it will build its first plant solely for cathode mate...
Mar 21, 2023 (Gmt+09:00)
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Food & Beverage
S.Korea's brewery Seoul Jangsu forms marketing tie-up with fashion industry
With South Korea's traditional milky rice wine makgeolli seeing its second heyday centered on the 20- and 30-something crowds, marketing tie-ups tar...
Mar 21, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Korea's KSOE lands $240 mn order for LPG carriers
Korea Shipbuilding & Offshore Engineering (KSOE), a shipbuilding intermediate holding company of South Korea's HD Hyundai Group, said on Monday ...
Mar 21, 2023 (Gmt+09:00)
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Corporate governance
Hyundai Motor, Lotte chairs rank as S.Korea’s highest-paid heads
Hyundai Motor Group Chairman Chung Euisun was ranked as South Korea’s highest-paid business owner in 2022 thanks to the group's record-high pr...
Mar 20, 2023 (Gmt+09:00)
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Markets
Korean ETP market doubles amid increasing distrust of fund managers
South Korea’s exchange-traded product (ETP) market has doubled in four years as more investors preferred their own trades to discretionary inv...
Mar 20, 2023 (Gmt+09:00)
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Food & Beverage
Korea's LifeSemantics establishes health functional food subsidiary
Digital healthcare company LifeSemantics Co. has entered the health functional food business by creating a new subsidiary, NutraSemantics. The South...
Mar 17, 2023 (Gmt+09:00)
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Artificial intelligence
S.Korean startup Jobis&Villains expands to UK with tax return service
Jobis&Villains Corp., a South Korean startup that offers a tax return service called “3o3,” said on Friday that it had set up a loca...
Mar 17, 2023 (Gmt+09:00)