Korean New Deal
Scope
Date
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Regulations
S.Korea to introduce mandatory offer for takeover deals
South Korea is set to require a takeover bidder for a listed company to buy stakes held by small shareholders at the same price to be paid to a majo...
Dec 22, 2022 (Gmt+09:00)
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Metaverse
CU to introduce shopping platform on metaverse
Convenience store chain CU said on Thursday that it would introduce a meta-commerce service where online business activities take place on the met...
Dec 22, 2022 (Gmt+09:00)
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Retail
Lotte Mart opens 50th Indonesian store in Serpong
Lotte Mart said on Thursday that it would open its 50th store in Serpong, Indonesia. The store is 4,628 square meters, with more than 80% of the tot...
Dec 22, 2022 (Gmt+09:00)
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Electronics
SK Broadband develops eco-friendly rechargable remote control
South Korea's internet service provider SK Broadband has developed a new B tv remote control that can be recharged with significantly reduced chargi...
Dec 22, 2022 (Gmt+09:00)
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Petrochemicals
Hyundai Heavy develops new chemical-resistant paint for PC carriers
Hyundai Heavy Industries Group said Wednesday that it has developed a paint product for petrochemical product (PC) carriers with significantly impro...
Dec 21, 2022 (Gmt+09:00)
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Korean startups
Stayfolio receives $7.7 mn in Series A investment
South Korea's property-rental platform Stayfolio announced on Wednesday that it has won 10 billion won ($7.7 million) worth of additional investment...
Dec 21, 2022 (Gmt+09:00)
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Future mobility
Hyundai Mobis, Ottopia tie up for remote mobility tech
Hyundai Mobis Co., the world’s sixth-largest automotive part supplier, and Israeli teleoperation startup Ottopia Technologies Ltd. have joined...
Dec 21, 2022 (Gmt+09:00)
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Korean food
Mom's Touch opens 2nd restaurant in Bangkok
South Korea's F&B franchise Mom's Touch announced on Wednesday that it has opened its second store "K Chimaek" in Bangkok, Thailand.Chimaek, a c...
Dec 21, 2022 (Gmt+09:00)
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Bio & Pharma
ToolGen, ANLBIO to jointly develop progeria treatments
South Korea's two biotech startups ToolGen Incorporated and ANLBIO on Tuesday signed a joint research and development agreement for developing proge...
Dec 21, 2022 (Gmt+09:00)
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Bio & Pharma
S.Korean biopharmaceutical sector to see brisk M&As in H1, 2023
An expert says the first half of next year will see the start of brisk M&As in biopharmaceuticals targeting strategic investors.Pyeon Jae-seong,...
Dec 21, 2022 (Gmt+09:00)
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ESG
GS E&C inks deal with AirFirst on industrial gas tech development
GS Engineering & Construction Co. said on Tuesday that it has signed an agreement with AirFirst to work together in the areas of industrial gas ...
Dec 21, 2022 (Gmt+09:00)
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Korean stock market
Korean holding firms likely to post bigger dividend payouts in 2022
South Korea's major holding companies are expected to set higher dividends per share (DPS) at end-2022 than in previous years, a Samsung Securi...
Dec 20, 2022 (Gmt+09:00)
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Electric vehicles
Hyundai Motor's compact SUV Kona gets bigger
Hyundai Motor Co. on Tuesday unveiled the new design of its compact SUV the new "all-new Kona."The all-new Kona is a second-generation model being i...
Dec 20, 2022 (Gmt+09:00)
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Real estate
More S.Koreans buy, sell homes online without realtors
South Korea’s top online flea market Danggeun Market and other platforms are growing more popular for property deals as home sellers look for ...
Dec 20, 2022 (Gmt+09:00)
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Executive reshuffles
Hyundai becomes younger with 1 in 3 new executives in their 40s
South Korea’s Hyundai Motor Group, which owns Hyundai Motor Co. and Kia Corp., has carried out a year-end mid-tier executive reshuffle marked ...
Dec 20, 2022 (Gmt+09:00)
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Korean stock market
Mirae Asset introduces AI investment info service
Mirae Asset Securities Co. said on Tuesday it had introduced two domestic stock artificial intelligence (AI) reporting services through its mobile t...
Dec 20, 2022 (Gmt+09:00)
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Metaverse
Korean gaming giants racing for metaverse win
Have you ever wondered what the metaverse really is? So far, the consensus is that it's a virtual world that can accommodate pretty much every socia...
Dec 20, 2022 (Gmt+09:00)
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Aerospace & Defense
Hanwha Systems to build network to share land, sea, air target info
South Korea's Hanwha Systems Co. will start domestic research and development of new tactical data links used by member countries of the North Atlan...
Dec 20, 2022 (Gmt+09:00)
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Mergers & Acquisitions
KKR to buy 100% stake in SK E&S' Busan City Gas for $561 mn
Private equity giant KKR & Co. is slated to buy a 100% stake in Busan City Gas Co., wholly owned by South Korean energy company SK E&S Co., ...
Dec 20, 2022 (Gmt+09:00)
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Airlines
T'way Air launches Pikachu Jet TW
T’way Air Co. said on Tuesday that it would start running the Pokemon-wrapped airplane "Pikachu Jet TW" from the end of this month and release...
Dec 20, 2022 (Gmt+09:00)
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Advertising & Marketing
Korean LG CNS to expand digital marketing biz with DX tech
South Korea’s LG CNS Co., the information technology service arm of LG Group, is geared up to expand the digital marketing business for growth...
Dec 20, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Korean kids' future career choices are athletes, teachers, YouTubers
A survey revealed that the number of middle and high school students who opted for computer engineers and software developers as their future career...
Dec 20, 2022 (Gmt+09:00)
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ESG
LG Electronics to open ESG zone at CES 2023 in January
South Korean conglomerates, including LG Electronics Inc., will introduce their environmental, social, and governance (ESG) visions and strategies a...
Dec 20, 2022 (Gmt+09:00)
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Airlines
Foreign airlines gnaw at Korean LCCs on international flight routes
South Korea’s budget airlines are facing growing competition with foreign carriers on profitable international routes with the reopening of ai...
Dec 20, 2022 (Gmt+09:00)
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Retail
S.Korean food delivery app Baemin vows to hike logistics unit's service quality
Woowa Youths, an affiliate of Woowa Brothers, the parent company of South Korea's top food delivery app Baedal Minjok, on Monday announced its visio...
Dec 20, 2022 (Gmt+09:00)
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Artificial intelligence
Syntekabio launches new drug development platform STB Cloud in US
Syntekabio,Inc., a South Korean artificial intelligence (AI) drug development company, said on Monday it has launched its cloud-based AI drug develo...
Dec 19, 2022 (Gmt+09:00)
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Korean startups
KED's startup news platform Geeks launches revamped website
Geeks, The Korea Economic Daily’s startup news platform launched in May, launched an upgraded website in Korean on Monday. The new conten...
Dec 19, 2022 (Gmt+09:00)
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Steel
POSCO restarts key hot rolling mill at typhoon-hit plant
POSCO, the world’s sixth-largest steelmaker, resumed operations of a key hot rolling mill at a typhoon-hit plant in South Korea earlier than e...
Dec 19, 2022 (Gmt+09:00)
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Leadership & Management
Technocrats dominate major Korean companies’ leadership
Technocrats dominated the management of South Korea’s top 10 business groups, as technical specialists with deep understanding of business too...
Dec 19, 2022 (Gmt+09:00)
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Bio & Pharma
Lunit exports AI imaging analysis solution to Brazil
South Korea's medical imaging startup Lunit said on Monday it has signed a software licensing agreement with Albert Einstein Israelite Hospital in...
Dec 19, 2022 (Gmt+09:00)