Korea investment craze battery
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Tech, Media & Telecom
In South Korea, Instagram thrives while Facebook declines
In South Korea, one of the world’s most wired countries, people can’t live without social networking services for everyday communication...
Mar 19, 2024 (Gmt+09:00)
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Business & Politics
Dubai Chamber of Commerce to open Seoul office
The Dubai Chamber of Commerce in the United Arab Emirates (UAE) will open an office in Seoul, South Korea by May this year, according to industry so...
Mar 19, 2024 (Gmt+09:00)
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Banking & Finance
Korea's BC Card launches Trip.Pass for foreign visitors
South Korea's BC Card announced on Tuesday that it launched a "Trip.Pass Card" and "Trip.Pass QR Payment Service" for foreign tourists with the dome...
Mar 19, 2024 (Gmt+09:00)
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Real estate
Daishin to sell its headquarters at $493 mn to NH-Amundi
South Korea’s Daishin Securities Co. is set to sell its headquarters office to NH-Amundi Asset Management Co. for 660 billion won ($492.6 mill...
Mar 19, 2024 (Gmt+09:00)
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Bio & Pharma
Samsung invests in BrickBio in US
Samsung Group announced on Tuesday that its Life Science Fund has invested in the US-based antibody-drug conjugates (ADC) and gene therapy technol...
Mar 19, 2024 (Gmt+09:00)
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Business & Politics
China exodus to elevate Korea to Asia hub: AmCham chief
South Korea has outstripped Hong Kong and Shanghai as a preferred Asia-Pacific headquarters destination for global companies, trailing only Singapor...
Mar 19, 2024 (Gmt+09:00)
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Automobiles
Renault to invest $523 mn to build green car hub in Korea
Renault Korea Motors Co., grappling with a protracted slump without new releases, plans to invest more than 700 billion won ($523 million) by 2027 t...
Mar 19, 2024 (Gmt+09:00)
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Airlines
Korea’s Incheon Airport Corp. signs $3 billion deal to run Manila airport
South Korea's state-run Incheon International Airport Corp. (IIAC) has signed a $3 billion deal to operate Manila's Ninoy Aquino International Airpo...
Mar 19, 2024 (Gmt+09:00)
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Energy
Hyundai E&C wins $132 mn biogas facility project
Hyundai Engineering & Construction Co. (Hyundai E&C) announced on Monday that it was selected as the preferred bidder for a private invest...
Mar 19, 2024 (Gmt+09:00)
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Commodities
Korea struggles with surging copper scrap exports to China
South Korea’s nonferrous metal industry is scrambling for the procurement of copper scrap as China, the world’s top copper consumer, has...
Mar 18, 2024 (Gmt+09:00)
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Korea business lobby group eyes tax reform in new parliament
The Korea Enterprises Federation will reinforce efforts to win lawmakers’ nod to its long-desired campaign to slash corporate taxes and inheri...
Mar 18, 2024 (Gmt+09:00)
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Corporate restructuring
LG Chem reshuffles R&D unit to turn into EV materials maker
LG Chem Ltd., South Korea’s largest petrochemical company, is strengthening its research & development capabilities as it aims to transfor...
Mar 18, 2024 (Gmt+09:00)
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Economy
Korea eyes $1.5 bn injection in KDB to boost chip, battery sectors
South Korea may inject some 2 trillion won ($1.5 billion) into Korea Development Bank (KDB) by the end of this month to support the state-run bank's...
Mar 18, 2024 (Gmt+09:00)
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The KED View
Labor reform urged in Korea with higher wages than Japan
Wages at South Korean companies, both large and small, have surpassed those of their Japanese counterparts.According to a report on wage comparisons...
Mar 18, 2024 (Gmt+09:00)
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Automobiles
S.Korea’s Kumho Tire to invest $751 mn to build plant in Europe
Kumho Tire Co., South Korea’s No. 2 tire maker, plans to invest more than 1 trillion won ($750.8 million) by 2027 to build its first plant in ...
Mar 17, 2024 (Gmt+09:00)
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Artificial intelligence
LG Elec expands workforce to enhance AI cyber security
LG Electronics Inc., the leading global home appliance maker, is actively increasing its workforce to improve artificial intelligence cyber security...
Mar 17, 2024 (Gmt+09:00)
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Batteries
SK On in talks with Nissan to supply batteries in US
South Korean rechargeable battery maker SK On Co. is in talks with Nissan Motor Co. to jointly produce battery cells for the Japanese carmaker in th...
Mar 15, 2024 (Gmt+09:00)
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Waste management
Korea Zinc, LG Chem team up for US recycling business
Korea Zinc Inc., the leading global zinc and lead smelter, and LG Chem Ltd., South Korea’s top petrochemical producer, joined hands for the pl...
Mar 15, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung to receive over $6 bn in US chip subsidies, eyes extra investment
South Korean tech giant Samsung Electronics Co. is expected to receive more than $6 billion in US chip subsidies as the Joe Biden administration is ...
Mar 15, 2024 (Gmt+09:00)
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Economy
Private education spending in S.Korea hits new record high
South Koreans’ spending on private education hit a new record high of 27.1 trillion won ($20 billion) in 2023, as the government’s annou...
Mar 15, 2024 (Gmt+09:00)
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Aerospace & Defense
KASA, Korea’s NASA, embarks on hunt for space talent
South Korea seeking to join the global space power club is set to recruit about 120 local and foreign space experts for the country’s space ag...
Mar 15, 2024 (Gmt+09:00)
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Retail
Lotte brings Louis Vuitton diamond collection to S.Korea
South Korea's Lotte Department Store announced that it launched Louis Vuitton's LV Diamond Collection on Mar. 14 at Lotte World Tower Avenuel Jamsil...
Mar 15, 2024 (Gmt+09:00)
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Banking & Finance
Korea's Shinhan, Hana accelerate overseas push after record profits
South Korean major banks aim to accelerate their expansions in other countries as their overseas investments paid off with record profits last year ...
Mar 14, 2024 (Gmt+09:00)
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The Deep Dive
Korea faces apple crisis amid climate, demographic change
Apples, normally among the most common and available fruit, are poised to be a rarity in South Korea, where people are suffering a so-called “...
Mar 14, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor, Kia to recall 170,000 EVs
Around 170,000 units of electric vehicles (EVs) from Hyundai Motor Co. and Kia Corp. are voluntarily recalled, the largest recall in the domestic EV...
Mar 14, 2024 (Gmt+09:00)
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Regulations
South Korea gets tough with Chinese platforms AliExpress, Temu, Shein
South Korea plans to introduce a get-tough e-commerce policy on Chinese platforms such as AliExpress, Temu and Shein amid increasing complaints abou...
Mar 13, 2024 (Gmt+09:00)
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Central bank
South Korea, odd one out in new global gold rush
South Korea has remained muted to a new gold rush fueled by various central banks across the world gobbling up the precious metal, raising concerns ...
Mar 13, 2024 (Gmt+09:00)
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Logistics
CJ Logistics gets IATA lithium battery transport certification
South Korea’s CJ Logistics said on Wednesday that it obtained the certification CEIV lithium battery, or the Center of Excellence for Independ...
Mar 13, 2024 (Gmt+09:00)
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Batteries
SK Ecoplant, TES to enter Japan’s battery recycling market
SK Ecoplant Co., a South Korean construction engineering and waste management firm, said on Tuesday it is entering Japan’s battery recycling m...
Mar 12, 2024 (Gmt+09:00)
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Robotics
LG invests $60 million in Bear Robotics as robot OS war intensifies
South Korea’s high-tech giant LG Electronics Inc. said on Tuesday it has invested $60 million in Bear Robotics Inc., a Silicon Valley-based se...
Mar 12, 2024 (Gmt+09:00)
Latest News
- 1 Hyundai, Kia’s H1 vehicle sales in Singapore double, aided by HMGICS
- 2 Korea’s reshoring companies pale amid lack of support, incentives, tax breaks
- 3 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 4 AI startup MarqVision raises $16.5 mn to close Series A
- 5 Taihan Cable wins $630 mn power grid project in Singapore