Korea Institute of Startup
Scope
Date
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Electric vehicles
Lamborghini unveils 1st plug-in hybrid SUV Urus SE in Korea
Italian sports car maker Lamborghini S.p.A. on Tuesday unveiled the Urus SE, its first plug-in hybrid super sport utility vehicle, in South Korea, t...
Jul 23, 2024 (Gmt+09:00)
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Artificial intelligence
S.Korea's Rebellions secures investment from Aramco
Rebellions Inc., a South Korean artificial intelligence chip design startup, announced on Tuesday that it secured investment from Saudi Arabia's sta...
Jul 23, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
HD KSOE partners with University of Michigan to foster US ship engineers
South Korea’s HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) has joined hands with the University of Michigan-Ann Arbor (UM) a...
Jul 23, 2024 (Gmt+09:00)
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Tech, Media & Telecom
Samsung Elec calls for C-Lab Outside applications
Samsung Electronics Co. announced on Monday that it will enlist startups to participate in its external startup incubation program C-Lab Outside unt...
Jul 22, 2024 (Gmt+09:00)
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Investment banking
Goldman Sachs taps ex-Morgan Stanley MD as Korea co-head
Goldman Sachs Group Inc. said on Monday that it has appointed Ahn Jae-hoon, former managing director at Morgan Stanley & Co. LLC as country co-h...
Jul 22, 2024 (Gmt+09:00)
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Food & Beverage
CJ CheilJedang to open Bibigo Market in Paris
South Korea's CJ CheilJedang Corp. announced on Monday that it will open Bibigo Market at the Korea House operated in Paris during the Olympics to p...
Jul 22, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Handsome's luxury skincare brand Oera lures Chinese tourists
South Korean clothing manufacturer and retailer Handsome Corp., a Hyundai Department Store Co. unit, is enjoying growing popularity among Chinese vi...
Jul 22, 2024 (Gmt+09:00)
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Entertainment
K-content powerhouse’s YouTube channels disrupted by hacks
The YouTube channels of South Korean entertainment powerhouse CJ ENM Co.'s units, with more than 8 million subscribers, were disrupted for 14 hours ...
Jul 22, 2024 (Gmt+09:00)
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Foreign exchange
Korea's foreign currency savings snap 5-mth losing streak
Foreign currency deposits in South Korea increased in June, snapping their losing streak over the past five months, with the yen-denominated savings...
Jul 19, 2024 (Gmt+09:00)
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Batteries
SK ties up with BlackRock-backed Korean startup for EV chargers
SK Signet Inc., South Korea’s electric vehicle charger manufacturer, joined hands with a local renewable energy startup backed by global asset...
Jul 19, 2024 (Gmt+09:00)
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Automobiles
Chevrolet All New Colorado's initial volume sold out in S.Korea
GM Korea Co., the South Korean unit of US auto giant General Motors Co., announced on Friday that its pickup truck Chevrolet All New Colorado, with ...
Jul 19, 2024 (Gmt+09:00)
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Korean startups
S.Korea's early stage VC funding down amid dearth of targets
Early stage startup funding has plummeted in South Korea as venture capitalists shifted to late-stage venture firms with stable business models amid...
Jul 19, 2024 (Gmt+09:00)
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Banking & Finance
Korea’s Woori Bank raises $550 mn in AT1 hybrid bond
South Korean major bank Woori Bank said on Thursday that it raised $550 million by issuing additional tier 1 (AT1) hybrid bonds on July 17 with call...
Jul 18, 2024 (Gmt+09:00)
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Leadership & Management
Hanwha Group to expand stock compensation to team chiefs
South Korea’s No. 7 conglomerate Hanwha Group will expand its restricted stock units (RSUs) to encourage employee interest in the company&rsqu...
Jul 18, 2024 (Gmt+09:00)
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Artificial intelligence
Samsung buys UK deep tech startup to boost AI business
Samsung Electronics Co., the world’s top mobile phone maker, will acquire Oxford Semantic Technologies, a British deep tech startup, to enhanc...
Jul 18, 2024 (Gmt+09:00)
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Mergers & Acquisitions
TeamSparta acquires Weplanet
South Korea's coding education startup TeamSparta Inc. said on Thursday that it acquired the domestic software development firm Weplanet to expand i...
Jul 18, 2024 (Gmt+09:00)
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Fashion
F&F to expand Discovery clothing business across Asia
F&F Co., a South Korean clothing company, has secured exclusive rights to use the Discovery Channel brand across Asia to reinvent the documentar...
Jul 18, 2024 (Gmt+09:00)
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Economy
Filipino caregivers come to Korea amid demographic crisis
Some 100 certified caregivers from the Philippines will come to South Korea in August to work as domestic helpers in a country struggling with the...
Jul 17, 2024 (Gmt+09:00)
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Korean startups
Hana Bank, SK Telecom to support AI startups
South Korea's Hana Bank and SK Telecom Co. held the final selection and inauguration ceremony for the second AI Startup Accelerator BootCamp at Spar...
Jul 17, 2024 (Gmt+09:00)
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Automobiles
GM Korea’s 2024 sales growth likely stunted due to protracted labor strike
GM Korea Co., the South Korean unit of US auto giant General Motors Co., faces growing disruptions to its vehicle production amid a protracted labor...
Jul 17, 2024 (Gmt+09:00)
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Banking & Finance
Korea’s Lotte Card sees 1st profit in Vietnam since launch
Lotte Card Co., South Korea’s No. 5 credit card issuer, is enjoying its first monthly profit in Vietnam after offering various financial produ...
Jul 16, 2024 (Gmt+09:00)
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Pension funds
Korea mulls tripling NPS' advance dollar funding limit
South Korea is considering tripling the maximum amount of dollars the National Pension Service (NPS) can buy from the domestic foreign exchange mark...
Jul 16, 2024 (Gmt+09:00)
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Automobiles
Renault Korea begins mass production of Grand Koleos
Renault Korea announced on Tuesday that it has started mass production of the D-segment hybrid sports utility vehicle (SUV) New Renault Grand Koleos...
Jul 16, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Korea approves HD KSOE-STX Heavy merger with conditions
South Korea’s antitrust body has given a conditional nod to leading domestic shipyard HD Korea Shipbuilding & Offshore Engineering Co.'s (...
Jul 15, 2024 (Gmt+09:00)
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Aerospace & Defense
LIG Nex1’s guided rocket passes US performance test
LIG Nex1 Co., a South Korean defense company, said on Monday that its Poniard guided rocket passed the final performance test in US Foreign Comparat...
Jul 15, 2024 (Gmt+09:00)
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Electronics
LG Electronics’ new HVAC center in Europe to fight extreme temperatures
LG Electronics Inc., a leading South Korean home appliance maker, said on Monday it has set up a research center in Germany to help develop advanced...
Jul 15, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor speeds up hydrogen bus charging business in Korea
South Korea’s Hyundai Motor Co. is set to become the largest shareholder of a local hydrogen-powered-vehicle charging station operator to boos...
Jul 14, 2024 (Gmt+09:00)
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Economy
South Korea’s 2025 minimum wage rises 1.7%; SMEs seen suffering
South Korea has set next year’s hourly minimum wage at 10,030 won ($7.3) – a 1.7% increase from this year’s 9,860 won, the second-...
Jul 12, 2024 (Gmt+09:00)
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Bio & Pharma
Samsung Elec invests in US bio startup Element Biosciences
Samsung Electronics Co., the world’s top memory chipmaker, said on Friday it has invested in US biotech startup Element Biosciences Inc. to ex...
Jul 12, 2024 (Gmt+09:00)
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Korean startups
Routinery readies for new chapter with 2.0
Born in South Korea but blowing up abroad, the Routinery app is designed to make small changes in users' daily routines to make a big difference in ...
Jul 12, 2024 (Gmt+09:00)