Korea new superconductor
Scope
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Investment banking
BofA emerges as top dealmaker of S.Korea's mega M&As
Bank of America Merrill Lynch (BofA) has emerged as the top M&A dealmaker in South Korea this year, working on a combined 8 trillion won ($7 bil...
Aug 30, 2021 (Gmt+09:00)
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Future mobility
S.Korean govt to spend $5.4 bn to develop sensors, improve EV repair
South Korean government will spend 6.3 trillion won ($5.4 billion) next year in supporting the state-designated Big 3 industries: future vehicles, n...
Aug 30, 2021 (Gmt+09:00)
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Real estate
Warehouse investments in Korea on hold after Coupang fire
South Korean landowners, in particular in the Seoul Metropolitan Area, were recently forced to stop negotiations with the would-be buyers of their l...
Aug 30, 2021 (Gmt+09:00)
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Electric vehicles
Global automakers' new battle field: small EVs
Global automakers stop producing smaller cars among internal combustion engine models. The industry is facing difficulties to make profits from thos...
Aug 30, 2021 (Gmt+09:00)
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Cryptocurrencies
Upbit dominates S.Korea’s crypto exchange with 80% market share
South Korea’s cryptocurrency exchange market is being dominated by the biggest platform Upbit that holds about 80% of all transactions made in...
Aug 29, 2021 (Gmt+09:00)
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Tech, Media & Telecom
Samsung launches new 5G foldable phones in 40 countries
Samsung Electronics Co. on Friday officially launched the new models of its high-end smartphones Galaxy Z Fold3 and Galaxy Z Flip3 in 40 countries, ...
Aug 27, 2021 (Gmt+09:00)
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Private equity
Now is the time for PEFs to show their art of exit
Leading private equity firms, including Bain Capital, KKR & Co. and MBK Partners, appeared to have turned to an exit mode in South Korea this ye...
Aug 27, 2021 (Gmt+09:00)
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Batteries
POSCO Chem, OCI to produce previously imported battery material in Korea
POSCO Chemical and OCI plan to produce in South Korea a key material for electric vehicle batteries, which has so far been imported.POSCO Chemical s...
Aug 26, 2021 (Gmt+09:00)
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Hydrogen economy
Korea’s hydrogen council to launch Sept. 8; Hyundai to unveil new tech
The South Korean version of the Hydrogen Council, a global CEO-led initiative to harness the clean energy source, will officially launch on Sept. 8 ...
Aug 26, 2021 (Gmt+09:00)
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Real estate
NPS in $2 bn real estate development project in Seoul
The National Pension Service (NPS) has agreed to participate in a 2.6 trillion won ($2.2 billion) real estate development project in western Seoul, ...
Aug 26, 2021 (Gmt+09:00)
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Tech, Media & Telecom
S.Korea fines Facebook, Netflix over privacy infringement
South Korea’s privacy regulator Personal Information Protection Commission (PIPC) has fined major global platform companies for their infringe...
Aug 26, 2021 (Gmt+09:00)
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Economy
Bank of Korea ends 15-mth ultra-easy monetary stance
The Bank of Korea has ended its ultra-easy monetary stance by bumping up the base interest rate by 25 basis points from a record-low 0.5% on Thursda...
Aug 26, 2021 (Gmt+09:00)
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Raw materials
Volatile raw material prices put Korea on alert for procurement
Volatile price changes in iron ore and non-ferrous metals such as lithium and nickel are keeping South Korean companies on their toes for procuremen...
Aug 25, 2021 (Gmt+09:00)
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Korean games
Netmarble’s new Marvel game tops App Store downloads in 117 countries
South Korean game developer Netmarble Corp.’s Marvel Future Revolution, a new Marvel IP-based open-world action RPG, has topped the list of Ap...
Aug 25, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Hanwha seeks to buy Samsung Electro-Mechanics’ Wi-Fi module unit
Hanwha Solutions are seeking to buy Samsung Electro-Mechanics’ Wi-Fi module unit in a move to enhance its wireless communication division, a k...
Aug 25, 2021 (Gmt+09:00)
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Monthly trade infographics
S.Korea's bio-health industry exports log best-ever first half in 2021
South Korea's bio-health industry exports log best-ever first half in 2021 South Korea’s diagnostic kits, biosimilars and health-related bio-...
Aug 25, 2021 (Gmt+09:00)
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Digital healthcare
Naver to enter healthcare business in Korea with investment in ezCaretech
South Korea’s online platform giant Naver Corp. is set to enter the big data-based healthcare industry by investing in ezCaretech Co., a domes...
Aug 25, 2021 (Gmt+09:00)
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Chief Executives
Father of Krafton's PUBG eyes the expansion of games
In September 2020, Krafton Inc.’s blockbuster game PlayerUnknown’s Battlegrounds (PUBG) hit a major roadblock. India prohibited Chinese ...
Aug 24, 2021 (Gmt+09:00)
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Leadership & Management
Summary of Samsung's $200 billion investment plans
Samsung Group said on Tuesday it will invest a combined 240 trillion won ($206 billion) investment over the next three years in its core businesses in...
Aug 24, 2021 (Gmt+09:00)
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Retail
Rolex emerges as latest target of S.Korea’s luxury brand fever
Rolex watches are now the latest object of South Korea’s unwavering love for luxury goods. The high demand and limited supply of Rolex watches...
Aug 24, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Citibank Korea’s retail banking exit faces stumbling block
The sale of Citibank Korea’s consumer banking business has hit a stumbling block as the South Korean unit of Citigroup Inc. postponed its boar...
Aug 24, 2021 (Gmt+09:00)
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Automobiles
IAA Mobility 2021 to showcase global auto industry’s future technologies
The global auto industry is set to show off their muscle to fight for the future mobility market not only with new models but also technologies at t...
Aug 23, 2021 (Gmt+09:00)
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Korean startups
AI edtech startup KidsLoop joins unicorn club
Artificial intelligence-based education is similar to self-driving cars, which select the optimal transportation routes for their drivers, according...
Aug 23, 2021 (Gmt+09:00)
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Shipping & Shipbuilding
Korean shipbuilders find relief in falling iron ore prices, rise in new orders
South Korea’s major shipbuilders expect to post improved earnings in coming quarters as falling iron ore prices put them in a stronger positio...
Aug 23, 2021 (Gmt+09:00)
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Leadership & Management
(HOLD) GS Group is shifting gears towards digital sectors
South Korea’s energy-to-construction conglomerate GS Group is investing big on fast-growing digital segments.According to the industry on Aug....
Aug 23, 2021 (Gmt+09:00)
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Retail
Japan’s Aeon plans to sell off struggling Ministop Korea
South Korea’s fifth-largest convenience store chain Ministop Korea Co. is up for sale by its owner, the Aeon Group of Japan. Ministop Korea is...
Aug 23, 2021 (Gmt+09:00)
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COVID-19
Korea electronics, auto sectors hit by triple whammy
South Korea's electronics and auto industries, the two main pillars of Asia’s fourth-largest economy, are losing growth momentum. Demand is sl...
Aug 22, 2021 (Gmt+09:00)
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Chief Executives
US may return to low rates after modest inflation
The rising inflationary risk in the US, fueled by strong recovery from the pandemic-induced slowdown, is likely to be short-lived and modest, and in...
Aug 20, 2021 (Gmt+09:00)
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Mobile networks
LG Elec takes quantum leap in 6G with new THz band milestone
LG Electronics Inc. has made a new breakthrough in next-generation networks by transferring wireless 6G terahertz (THz) data over a 100-meter distan...
Aug 20, 2021 (Gmt+09:00)
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Electronics
LG Electronics postpones 42-inch OLED Gaming TV launch to early 2022
LG Electronics Inc., one of the world’s largest TV makers, plans to launch the much-anticipated 42-inch organic light-emitting diode (OLED) TV...
Aug 19, 2021 (Gmt+09:00)
Latest News
- 1 South Korea signs MOU on Philippine nuclear safety checks, eyes plant deals
- 2 Samsung's Lee inspects MLCC plant in Philippines as it eyes turnaround
- 3 LG Energy to more than double sales to $50 bn by 2028
- 4 Hanwha Securities buys 5.4% stake in Edinburgh Airport
- 5 Hyundai Motor Group’s software unit launches cybersecurity division