Korea Baek Jong-won
Scope
Date
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Artificial intelligence
S.Korea rejects patent claims for AI-invented products
South Korea’s intellectual property office has rejected patent applications that claimed an artificial intelligence system as their inventor, ...
Oct 04, 2022 (Gmt+09:00)
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Korean chipmakers
SoftBank’s Son expected to meet Samsung's Lee for Arm M&A discussion
SoftBank Group Corp. CEO Masayoshi Son, who also goes by the Korean name Son Jeong-ui, arrived in South Korea on Saturday. When asked about the purp...
Oct 02, 2022 (Gmt+09:00)
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Sovereign bonds
Korea on watch list for WGBI inclusion; hoping for bond inflows
FTSE Russell, a global index provider, added South Korea to the watch list for potential inclusion in its FTSE World Government Bond Index (WGBI), p...
Sep 30, 2022 (Gmt+09:00)
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Future mobility
Hyundai’s Trailer Drone concept wins top Red Dot design award
South Korea’s top automaker Hyundai Motor Co. said on Friday its Trailer Drone, a fully autonomous hydrogen mobility concept, has won the top ...
Sep 30, 2022 (Gmt+09:00)
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Tech, Media & Telecom
SK Telecom joins race for Korean dental scanner maker
South Korea’s top mobile carrier SK Telecom Co. has joined the race to acquire Medit Corp., the world’s third-largest 3D dental scanner ...
Sep 30, 2022 (Gmt+09:00)
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Korean food
Ramen wars: Nongshim caught out by rising Ottogi
Ottogi Co. is emerging as a formidable rival to Nongshim Co. in South Korea's instant noodle market, becoming the most popular ramen for the fifth w...
Sep 30, 2022 (Gmt+09:00)
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Corporate governance
Korea’s Aju to spin off key building material business
South Korea’s Aju Group is set to split its parent company into a construction material firm and an investment corporation to enhance its prof...
Sep 30, 2022 (Gmt+09:00)
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Korean chipmakers
Korea's SK Siltron to invest $597 mn in silicon wafer production
South Korea’s SK Siltron Co. will invest 855 billion won ($597.4 million) to expand its 300-millimeter (12-inch) silicon wafer manufacturing f...
Sep 30, 2022 (Gmt+09:00)
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Economy
Sinking won fans doubts over Korea’s economic fundamentals
The tanking South Korean won currency has stoked doubts over the fundamentals of Asia’s fourth-largest economy, although the government contin...
Sep 29, 2022 (Gmt+09:00)
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IPOs
Small caps warm up S.Korea’s chilly IPO market
Small and mid-sized companies are reviving the otherwise chilly IPO market in South Korea, which has been dragged down by weaker-than-expected deman...
Sep 29, 2022 (Gmt+09:00)
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Batteries
Korea ramen packet maker inks $1 bn battery material deal
A South Korean instant noodle packet maker has secured a $1 billion deal to supply battery materials to a joint venture between General Motors Co. a...
Sep 28, 2022 (Gmt+09:00)
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ESG
LG embraces ESG management standards with first groupwide report
South Korea’s fourth-largest conglomerate LG is rapidly embracing environmental, social and governance standards as key criteria in evaluating...
Sep 28, 2022 (Gmt+09:00)
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Markets
S.Korea to take measures to support stock, bond markets
South Korea is set to take measures to stabilize local stock and bond markets hit by global interest rate hikes amid growing risks of a worldwide ec...
Sep 28, 2022 (Gmt+09:00)
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Banking & Finance
Korea Investment & Securities and Stifel Financial form joint venture
Korea Investment & Securities Co., a subsidiary of Korea Investment Holdings, announced on Wednesday that it has formed a joint venture with Mis...
Sep 28, 2022 (Gmt+09:00)
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Foreign exchange
Falling won yet to cool Koreans’ fever for overseas travel
The South Korean won has continued its decline to hit lows not seen since the 2008-09 global financial crisis on sustained concerns of an economic d...
Sep 28, 2022 (Gmt+09:00)
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Real estate
IGIS Asia, Quadreal to form JV for warehouse development in Korea
IGIS Asia Investment Management Pte., the Singapore-based subsidiary of South Korea’s largest real estate manager IGIS Asset Management, and V...
Sep 28, 2022 (Gmt+09:00)
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Tech, Media & Telecom
S.Korea to introduce advanced supercomputer by 2024
South Korea will introduce a high-performance supercomputing system by 2024, more than 24 times faster than the current model, a government-run rese...
Sep 28, 2022 (Gmt+09:00)
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Corporate investment
Higher costs, weaker won put Korean firms’ investments on hold
Rising borrowing costs coupled with the weakening local currency are forcing an increasing number of South Korean companies to withdraw or halt thei...
Sep 27, 2022 (Gmt+09:00)
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Bio & Pharma
Celltrion wins sales approval for biosimilar Vegzelma in Japan
Celltrion Inc. secured Japan’s approval for sales of its cancer treatment biosimilar CT-P16, a move to help the South Korean biopharmaceutical...
Sep 27, 2022 (Gmt+09:00)
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Machinery
Hyundai Rotem rolls out Korea’s fastest bullet train
Hyundai Rotem Co., a South Korean railway system maker under Hyundai Motor Group, has rolled out the country’s fastest bullet train that can r...
Sep 27, 2022 (Gmt+09:00)
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Cryptocurrencies
Korean crypto buyers show higher risk appetite than global peers
South Korean cryptocurrency investors appear willing to take more risks than their global counterparts, balancing their portfolios between market le...
Sep 27, 2022 (Gmt+09:00)
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Economy
Tanking won deteriorates Korea’s dollar funding conditions
A nosediving South Korean won deteriorated local corporate dollar funding conditions with the cost of insuring the country’s sovereign debt ag...
Sep 26, 2022 (Gmt+09:00)
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Foreign exchange
Korean won at fresh low since global financial crisis as markets crash
The South Korean won on Monday extended losses to a fresh low since the 2008-09 financial crisis as local financial markets lost ground, alongside t...
Sep 26, 2022 (Gmt+09:00)
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Petrochemicals
Korea's DL Chem shrugs off slow petrochemical market in Q3
DL Chemical Co., the petrochemical arm of South Korean conglomerate DL Group, is forecast to post robust third-quarter results despite sluggish sa...
Sep 26, 2022 (Gmt+09:00)
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Korean stock market
Korea's Kospi plunges to year's record low close on foreign selling
South Korea’s main bourse Kospi dropped 1.81% to finish at 2,290.00 on Sept. 23, hitting a new low closing for the year amid growing woes over...
Sep 25, 2022 (Gmt+09:00)
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Corporate strategy
Weaker won offers no leg up for Korean exporters
The steeper-than-expected decline in the won’s value is posing a grave threat to South Korean companies already struggling with rising inflati...
Sep 23, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Korea's SBW Group eyes bid for textile giant Lycra
South Korean fashion business operator SBW Group is joining the race to acquire global leading textile firm The Lycra Company, investment banking so...
Sep 23, 2022 (Gmt+09:00)
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Foreign exchange
Korea FX authorities, NPS agree on currency swap; won flat
South Korea’s foreign exchange authorities and the state-run National Pension Service (NPS) agreed to open a currency swap line for the first ...
Sep 23, 2022 (Gmt+09:00)
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Business & Politics
Japan and South Korea leaders meet one-on-one for first time since 2019
The leaders of Japan and South Korea held their first bilateral meeting in nearly three years, another step toward recovery for frayed ties between tw...
Sep 23, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Korea to raise tax credits on OTT content for future growth
Studio Dragon Corp., South Korea’s leading drama production house, spent 26 billion won ($18.5 million) on Vincenzo, aired in 2021, and receiv...
Sep 23, 2022 (Gmt+09:00)
Latest News
- 1 No Korean firms make it onto Korea’s top 5 mobile games list
- 2 Samsung Ballie, LG Q9 robots steal the show at IFA 2024
- 3 Hanjin, China's AWOT set up e-commerce logistics JV
- 4 LG Uplus looks to lure foreigners with K-pop-themed stores
- 5 Pulley Campus, Yonsei Univ. to co-work on educational AI services