Korea smart city
Scope
Date
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Future mobility
Why Samsung didn't join race for S.Korea's air taxi project
Samsung, a name seen everywhere in South Korea from apartment complexes to home appliances, is missing on the list of bidders for the country’...
Jun 02, 2022 (Gmt+09:00)
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Pre-IPOs
Lemon Healthcare aims for IPO and triple jump in revenue
Imagine making a doctor’s appointment with a click of a button on a smartphone app. Once at the clinic or hospital, the app will guide the use...
Jun 02, 2022 (Gmt+09:00)
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Future mobility
Kakao Mobility to launch car transport service in June
South Korea’s Kakao Mobility Corp. will begin providing drivers for door-to-door auto transport from as early as mid-June, according to tech i...
Jun 02, 2022 (Gmt+09:00)
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Korean SMEs
Korea composite materials maker to expand aerospace biz
South Korea’s top advanced composite materials producer aims to speed up its expansion in the aerospace sector with the acquisition of an airp...
Jun 02, 2022 (Gmt+09:00)
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Corporate restructuring
SK set to buy stake in Bill Gates' TerraPower
SK Innovation Co., South Korea's leading petrochemical company, is planning to buy a stake in TerraPower, a US nuclear power venture founded by Bill...
Jun 02, 2022 (Gmt+09:00)
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Batteries
LG Chem to launch JV with China's Huayou Cobalt for battery materials
LG Chem Ltd. announced Tuesday it will set up a joint venture with Chinese mining company Zhejiang Huayou Cobalt Co. to secure a steady supply of ra...
Jun 01, 2022 (Gmt+09:00)
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Energy
S.Korea to bid for Saudi Arabia's $10 bn nuclear plant order
Saudi Arabia invited South Korea last week to join the bid for the construction of its first-ever nuclear power plants, worth over $10 billion, sour...
May 31, 2022 (Gmt+09:00)
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Korean SMEs
Korea top capsule maker expands Vietnam plant in global push
South Korea’s top capsule and functional food maker is expanding its plant in Vietnam to raise its presence in the world market with the goal ...
May 31, 2022 (Gmt+09:00)
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Electric vehicles
Hyundai, Kia speed up expansion in European EV market
Hyundai Motor Co. and Kia Corp., South Korea’s top two automakers, are expanding their presence in Europe, the world’s second-largest el...
May 30, 2022 (Gmt+09:00)
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Aerospace & Defense
UK satellite firm OneWeb to provide services in Korea
UK’s satellite company OneWeb plans to provide services for airlines and ships in South Korea where its geographic conditions kept the existin...
May 30, 2022 (Gmt+09:00)
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Metaverse
VA Corp. to build Asia’s largest virtual studio with LG’s LED displays
VA Corp. (VAC), a South Korean visual effects production startup, is building Asia’s largest virtual studio complex equipped with super-large ...
May 27, 2022 (Gmt+09:00)
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Corporate investment
LG bets $34 bn on battery, automotive electronics biz for its future
LG Group, South Korea’s fourth-largest conglomerate, is set to pour $34 billion into the battery, automotive electronics and other future grow...
May 26, 2022 (Gmt+09:00)
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North Korea
North Korea fires three missiles after Biden ends Asia trip
TOKYO — North Korea fired a suspected intercontinental ballistic missile early Wednesday that flew only briefly before landing in the sea east o...
May 26, 2022 (Gmt+09:00)
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Corporate investment
Doosan to ramp up small nuclear reactor investment
Doosan Group will invest 5 trillion won ($4 billion) over the next five years, primarily in next-generation energy sectors such as small module reac...
May 25, 2022 (Gmt+09:00)
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Batteries
LG Energy, SK On to raise yields with smart factory solutions
LG Energy Solution Ltd. and SK On Co., the world’s No. 2 and No. 5 electric vehicle battery makers, plan to adopt smart factory solutions to i...
May 25, 2022 (Gmt+09:00)
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Corporate investment
Hyundai to spend $30 bn on improving quality of combustion engine cars
Hyundai Motor Group will invest 63 trillion won ($50 billion) in its domestic businesses through 2025 to strengthen its competitiveness in electrifi...
May 25, 2022 (Gmt+09:00)
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Corporate investment
Hanwha to boost defense, aerospace biz with $2.1 bn spending
Hanwha Group, South Korea’s chemical-to-financial conglomerate, is set to invest 37.6 trillion won ($29.8 billion) in future growth sectors su...
May 25, 2022 (Gmt+09:00)
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Robotics
Hyundai Wia likely to deploy smart robots at Georgia EV plant
Hyundai Wia Corp., an auto parts unit of Hyundai Motor Group, will likely deploy smart robots at the group’s first dedicated electric vehicle ...
May 24, 2022 (Gmt+09:00)
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Food & Beverage
Tous les Jours, the next K-bakery to lure US customers
Tous les Jours, South Korea’s second-largest bakery franchise, is rapidly expanding its US business by attracting customers with greater varie...
May 23, 2022 (Gmt+09:00)
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Electric vehicles
Hyundai to invest $10.5 bn in US EV, future mobility sectors
Hyundai Motor Group, South Korea’s top automaker, unveiled plans to spend $10.5 billion on the auto industry in the US through 2025 as it aims...
May 22, 2022 (Gmt+09:00)
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Korean chipmakers
Korea may be backpedaling in semiconductor push: Lawmaker
A sudden surge in demand for semiconductors post-pandemic, coupled with a prolonged chip shortage, has forced policymakers worldwide to revisit poli...
May 20, 2022 (Gmt+09:00)
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Energy
S-Oil shuts processing units after one killed, nine injured in blast
ULSAN, South Korea -- S-Oil Corp., Saudi Aramco’s refining unit in South Korea, has shut some of its production facilities in a move that will...
May 20, 2022 (Gmt+09:00)
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Robotics
POSCO to deploy more industrial robots at workplaces
POSCO Group, which owns South Korea’s largest steelmaker, plans to deploy more industrial robots at its factories to improve productivity and ...
May 20, 2022 (Gmt+09:00)
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Tech, Media & Telecom
KT maintains throne in Korea pay TV market in H2 2021
KT Corp., a major South Korean telecommunications company, and its affiliates had the largest subscribers of the country’s pay TV services, ma...
May 19, 2022 (Gmt+09:00)
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Electric vehicles
Hyundai, Kia to inject $16.6 bn into EV production in South Korea
The Hyundai Motor Group announced the conglomerate’s domestic investment blueprint on Wednesday. The backbone of the investment plan is to ma...
May 18, 2022 (Gmt+09:00)
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Retail
Korea electronics retailers face headwind from e-commerce, dept. stores
South Korea’s major electronics retailers such as Lotte Himart are facing a headwind as more customers are buying home appliances online and d...
May 18, 2022 (Gmt+09:00)
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Aerospace & Defense
Hancom to launch South Korea’s first private satellite
Hancom InSpace, an affiliate of Hancom Group, announced on Wednesday it will launch South Korea’s first private satellite for Earth observatio...
May 18, 2022 (Gmt+09:00)
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Cryptocurrencies
Crypto investors threaten Terraform founders with class-action lawsuit
Cryptocurrency investors in South Korea have threatened to file a class action lawsuit against co-founders of the disgraced blockchain platform oper...
May 17, 2022 (Gmt+09:00)
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Mergers & Acquisitions
MBK puts home decor firm Modern House on market
MBK Partners has added South Korea's top home decor company Modern House to the list of assets it plans to exit this year, as domestic retail giants...
May 17, 2022 (Gmt+09:00)
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Batteries
Korea’s Iljin to build $391 mn battery materials plant in Spain
South Korea’s Iljin Materials Co. plans to invest 500 billion won ($391.2 million) in a battery materials plant in Spain, its first production...
May 17, 2022 (Gmt+09:00)
Latest News
- 1 LG Electronics' Indian unit logs highest first-half sales
- 2 SK Hynix’s turnaround gains traction from US, China
- 3 Samsung's financial arms beat No.1 banking group KB in profit
- 4 Korea’s airlines plagued by elevated fuel costs, strong dollar
- 5 LG Uplus offers Korean Air gift cards to 5G subscribers