Korea Investment and Securities
Scope
Date
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Electronics
LG Electronics bets big on smart factory business
LG Electronics Inc. launched a smart factory business division under its research and development center early this month to accelerate its transiti...
Jan 22, 2024 (Gmt+09:00)
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Regulations
Tech spies face tougher Korean penalties; 18 years in jail for overseas leaks
South Korea plans to dole out harsher punishments for industrial espionage, with a proposal to triple the penalty for an overseas leak of national t...
Jan 19, 2024 (Gmt+09:00)
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Automobiles
Mercedes-Benz unveils New E-Class in S.Korea
Mercedes-Benz Korea on Friday unveiled the 11th generation of its fully redesigned mid-sized The New E-Class sedan in South Korea.This latest iterat...
Jan 19, 2024 (Gmt+09:00)
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IPOs
Why spend more on an IPO? No invitation to foreign banks
South Korea’s Viva Republica Inc. has recently invited a handful of domestic brokerage companies to give presentations to revive its IPO plan....
Jan 19, 2024 (Gmt+09:00)
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Artificial intelligence
Kakao’s multimodal LLM Honeybee: Korea’s answer to Gemini, GPT-4
Kakao Corp., South Korea’s top mobile platform operator, said on Friday it has developed a multimodal large language model (MLLM) with the lat...
Jan 19, 2024 (Gmt+09:00)
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Central bank
South Korean central bank not to increase gold reserves
South Korea’s central bank does not plan to buy more gold for its foreign exchange reserves, although the monetary authority has not purchased...
Jan 19, 2024 (Gmt+09:00)
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Aerospace & Defense
IMM invests $97 mn in Korean supplier of Boeing, Airbus
IMM Investment Corp., a major South Korean private equity firm, invested $97 million in Kencoa Aerospace Corp., a local supplier of global industry ...
Jan 19, 2024 (Gmt+09:00)
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Travel & Leisure
MyRealTrip attracts $57 mn investment
South Korea's travel app MyRealTrip announced on Friday that it has attracted 75.6 billion won ($56.55 million) investment from domestic and foreign...
Jan 19, 2024 (Gmt+09:00)
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Markets
S.Korean securities downgrades GS E&C’s investment opinion
Hyundai Motor Securities downgraded its investment opinion on GS Engineering & Construction Corp. (GS E&C) from "Buy" to "Market Perform" on...
Jan 19, 2024 (Gmt+09:00)
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Pension funds
Korean military fund anchors $142 mn real estate fund
South Korea’s Military Mutual Aid Association (MMAA), a retirement savings fund for military personnel, is set to become an anchor investor in...
Jan 19, 2024 (Gmt+09:00)
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Banking & Finance
S.Korea’s LS Group wins regulatory nod for securities biz
South Korea’s electrics components-to-energy conglomerate LS Group is set to start the securities business as it secured regulatory approval t...
Jan 18, 2024 (Gmt+09:00)
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Banking & Finance
Woori Financial to bolster private banking service: chairman
Woori Financial Group, South Korea’s fourth-largest financial holding company, will reinforce its wealth management service for high-net-worth...
Jan 18, 2024 (Gmt+09:00)
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Batteries
S.Korea, Indonesia to strengthen battery materials supply chain
South Korea and Indonesia plan to strengthen the collaboration to establish an electric vehicle (EV) battery ecosystem, capitalizing on Indonesia'...
Jan 18, 2024 (Gmt+09:00)
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Batteries
LG Chem sees up to 25% battery sector growth in 2024: report
South Korea’s LG Chem Ltd., the parent of the world’s second-largest electric vehicle battery maker LG Energy Solution Ltd., expects up ...
Jan 18, 2024 (Gmt+09:00)
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Fiber & Textile
S.Korea’s Hyosung to expand tire cord business to India
DAVOS, Switzerland -- Hyosung Group, a South Korean textile-to-chemicals conglomerate, plans to expand its tire cord business to India, the world's ...
Jan 18, 2024 (Gmt+09:00)
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Bio & Pharma
Celltrion to export three anticancer drugs to Europe
South Korea’s Celltrion Inc. announced on Thursday that it has secured supply contracts for three anticancer biosimilars in European countries...
Jan 18, 2024 (Gmt+09:00)
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Batteries
POSCO Future M to sharply raise synthetic graphite output
South Korea’s POSCO Future M Co. will sharply raise its synthetic graphite production by the end of 2025 as China’s export restrictions ...
Jan 17, 2024 (Gmt+09:00)
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Regulations
S.Korea to scrap capital gains taxes on financial products
South Korea will scrap a plan to impose taxes on capital gains from financial products for all shareholders and further lower securities transaction...
Jan 17, 2024 (Gmt+09:00)
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Steel
Korean steelmakers mull anti-dumping suit vs Chinese, Japanese firms
Under growing pressure from increased imports of cheap Chinese and Japanese steel products, South Korean steelmakers are considering filing an anti-...
Jan 17, 2024 (Gmt+09:00)
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Batteries
Korea's LX International buys Indonesian nickel miner for $100 mn
South Korean trading firm LX International Corp. said on Tuesday that it has acquired a 60% stake in Indonesian miner PT Adhi Kartiko Pratama (AKP)&...
Jan 16, 2024 (Gmt+09:00)
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The KED View
Yes to cannabis but no to bitcoin?
Aftershocks continue in the South Korean financial market following the country’s financial regulator’s ban on the trading of spot bitco...
Jan 16, 2024 (Gmt+09:00)
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Automobiles
Korea’s Kia to set up sales unit in Thailand; EV plant an option
South Korea’s second-largest automaker Kia Corp. plans to establish a sales subsidiary in Thailand as part of its electric vehicle push in the...
Jan 16, 2024 (Gmt+09:00)
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Economy
Semiconductors power Korea’s tech exports to 15-month high
South Korea’s tech products exports rose for a second straight month to a 15-month high in December 2023 as overseas sales of semiconductors e...
Jan 16, 2024 (Gmt+09:00)
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Banking & Finance
Korea Investment leads Mongolia Mortgage Corp.'s global bond issuance
Korea Investment & Securities Co. (KIS) announced on Tuesday its successful completion of the lead management for a $225 million global bond iss...
Jan 16, 2024 (Gmt+09:00)
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Bio & Pharma
Roche to use Biodyne’s tech for cervical cancer diagnostic kits
Roche, a Swiss multinational healthcare company, is set to use a South Korean company’s technology for cervical cancer diagnostic kits.Biodyne...
Jan 16, 2024 (Gmt+09:00)
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Energy
Iljin Electric secures $36 mn order for high-voltage cables in Malaysia
Iljin Electric, the integrated heavy electric device unit of South Korea's Iljin Group, announced on Tuesday that it has recently signed a contract ...
Jan 16, 2024 (Gmt+09:00)
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Electronics
Samsung TV secures artful color certification from Pantone
Samsung Electronics Co. announced on Tuesday that its 2024 model "The Frame" TV became the first display to receive "Artful Color Certification" fro...
Jan 16, 2024 (Gmt+09:00)
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Real estate
WeWork’s downsizing plan in Korea to hit office market
Coworking space provider WeWork Inc. plans to downsize its business in South Korea, according to banking sources on Sunday. Market watchers say inve...
Jan 15, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Lotte Chem’s sale of Pakistani PTA unit falls through
Lotte Chemical Corp.'s plan to sell off its Pakistani PTA subsidiary to local chemicals producer Lucky Core Industries Ltd. has collapsed, a year af...
Jan 15, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor to invest $845 million to expand India’s Talegaon plant
South Korea’s top automaker Hyundai Motor Co. will invest 70 billion Indian rupees ($845 million) to expand and upgrade its Indian car manufac...
Jan 15, 2024 (Gmt+09:00)