Korean digital wallet
Scope
Date
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Foreign exchange
S.Koreans continue buying spree of sliding Japanese yen
The plunging Japanese currency has stepped up South Koreans’ bargain-hunting, posting record highs in the balance of the yen-denominated depos...
Aug 10, 2023 (Gmt+09:00)
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Fashion
Global fashion brands block Koreans' access to US websites
Some global fashion brands such as Ralph Lauren Corp. and Tommy Hilfiger have blocked South Koreans’ access to their US websites to support bu...
Aug 10, 2023 (Gmt+09:00)
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Korean food
Lotte Hotels & Resorts to launch premium kimchi product
Lotte Hotels & Resorts, a leading South Korean hospitality company, announced on Thursday its intention to penetrate the domestic kimchi market,...
Aug 10, 2023 (Gmt+09:00)
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Bio & Pharma
SK Pharmteco secures 12 global pharma clients, sets up US R&D center
SK Pharmteco Co., South Korean conglomerate SK Group’s contract development and manufacturing organization (CDMO), has secured 12 global pharm...
Aug 09, 2023 (Gmt+09:00)
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Fashion
Korean lifestyle brand Andar takes on Xexymix in athleisure market
South Korea's activewear maker Andar posted record quarterly sales of 61.6 billion won ($47 million), moving one step closer to retaking the market ...
Aug 09, 2023 (Gmt+09:00)
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Automobiles
Insatiable Hyundai Motor aspires to lead India with SUVs, EVs
Hyundai Motor Group must become “the first mover” in India, which has emerged as the next fierce battlefield for global car makers after...
Aug 08, 2023 (Gmt+09:00)
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Bio & Pharma
Kakao Healthcare signs agreement with Novo Nordisk for digital service
Kakao Healthcare Corp., a digital healthcare platform unit of South Korea's Kakao Corp., announced that it has signed on Tuesday a business agreemen...
Aug 08, 2023 (Gmt+09:00)
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Automobiles
Kia launches exclusive care service for EV9
South Korea's Kia Corp. announced on Tuesday that it will begin exclusive EV9 care services. The company will offer after-sale services throughout t...
Aug 08, 2023 (Gmt+09:00)
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E-commerce
SSG.Com announces global first launch of Piaget's new watch
SSG.COM, the e-commerce platform of South Korean retail heavyweight Shinsegae Inc., revealed on Tuesday its exclusive introduction of Swiss luxury b...
Aug 08, 2023 (Gmt+09:00)
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Fashion
Korean swimwear Barrel posts profit in post-pandemic surfing boom
South Korea’s leading swimwear maker Barrel is stepping up its profitability after losses during COVID-19 as its new owner has saved costs thr...
Aug 08, 2023 (Gmt+09:00)
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Food & Beverage
Orion teams up with Dutch Mill to tap Vietnamese dairy market
South Korea's Orion Corp. announced on Tuesday its strategic collaboration with Thailand's dairy behemoth, Dutch Mill Co., marking its ambitious ent...
Aug 08, 2023 (Gmt+09:00)
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Korean SMEs
Korean boiler makers set sights on Central, South America
South Korea’s major boiler manufacturers are stepping up overseas expansion to diversify beyond the saturated domestic market, setting their s...
Aug 07, 2023 (Gmt+09:00)
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Mergers & Acquisitions
KDB girds up for Korean Air-Asiana deal collapse with Plan B
The state-run Korea Development Bank (KDB) is looking for alternative options to sell Asiana Airlines Inc. to prepare against a possible collapse of...
Aug 07, 2023 (Gmt+09:00)
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Korean games
Smilegate to host CFS Summer Championship 2023 in Vietnam
Smilegate Entertainment, a South Korean game developer and publisher, announced on Monday that it will host the "CFS Summer Championship 2023" in co...
Aug 07, 2023 (Gmt+09:00)
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Food & Beverage
Ourhome strikes catering deal with Vietnam's FPT Education
A prominent South Korean food service provider Ourhome Ltd. disclosed on Monday that it has penned a memorandum of understanding with FPT Education,...
Aug 07, 2023 (Gmt+09:00)
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Private equity
Affinity's CJ Lee to become 3rd Korean executive to leave
Affinity Equity Partners’ founding member and Managing Partner Lee Chul-joo (CJ Lee) will resign from the Asia’s leading buyout manager,...
Aug 04, 2023 (Gmt+09:00)
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Energy
S.Korean transformers invade US market on surging demand
South Korea’s heavy electrical equipment makers are expanding their presence in the US, the world’s second-largest electricity consumer,...
Aug 04, 2023 (Gmt+09:00)
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Airlines
Air travel from Korea roars back to everywhere, except China
Flight routes between South Korea and China, once Korean flag carriers’ most lucrative, have become their white elephant as passengers on the ...
Aug 04, 2023 (Gmt+09:00)
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Beauty & Cosmetics
S.Korean cosmetics overtake French as top imports in Japan
South Korean cosmetics topped the Japanese import market for the first time in 2022, surpassing French brands, the Yomiuri Shimbun reported Thursd...
Aug 04, 2023 (Gmt+09:00)
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Earnings
Naver posts record Q2 operating profit on e-commerce, content
South Korea’s top online portal Naver Corp. on Friday posted record operating profit in the second quarter, driven by robust sales growth in i...
Aug 04, 2023 (Gmt+09:00)
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Business & Politics
South Korean city seeks to build Asia's 1st MSG Sphere
A city in the greater Seoul area is aiming to become the first in Asia to attract Madison Square Garden (MSG) Sphere, an iconic music and entertainm...
Aug 03, 2023 (Gmt+09:00)
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Regulations
Big Bang deregulation poised to bolster S.Korean ST market
South Korea’s fractional investment market is gearing up for a grand opening after the government earlier this year unveiled security token of...
Aug 03, 2023 (Gmt+09:00)
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Artificial intelligence
S.Korean companies rushing to launch exotic AI-based services
Lowered barriers in South Korea to the introduction of artificial intelligence (AI) have fueled the growing popularity of unique AI services. The em...
Aug 03, 2023 (Gmt+09:00)
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Airlines
Korean Air’s operating profit falls to $360 mn in Q2 2023
Korean Air Lines Co.’s operating profit in the second quarter fell over 30% from the same period last year in line with market consensus.Consi...
Aug 03, 2023 (Gmt+09:00)
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Tech, Media & Telecom
S.Korean academics to verify truth of room-temperature superconductor
The Korean Society of Superconductivity and Cryogenics has recently established a verification committee composed of experts in response to the ongo...
Aug 02, 2023 (Gmt+09:00)
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Food & Beverage
Baskin-Robbins stands out in melting Korean ice cream market
Global ice cream chain Baskin-Robbins, the top ice cream seller in South Korea, is solidifying its market position with localization despite the cou...
Aug 02, 2023 (Gmt+09:00)
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Automobiles
Kia America’s new normal: Record car sales month after month
Kia Corp., South Korea’s second-largest automaker, has been dismissed as the weaker sibling or smaller sister firm of Hyundai Motor Co., the c...
Aug 02, 2023 (Gmt+09:00)
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Fashion
APR’s fashion brand Nerdy opens two more stores in Vietnam
South Korea's cosmetic and clothing company APR announced on Wednesday that its street style fashion brand Nerdy opened its third and fourth stores ...
Aug 02, 2023 (Gmt+09:00)
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Korean games
Com2us launches RPG game ‘Heir of Light: Eclipse’ in Canada, Indonesia
Com2us Holdings Corp. announced on Wednesday that its new role-playing game (RPG), Heir to Light: Eclipse, is now available on Google Play in ...
Aug 02, 2023 (Gmt+09:00)
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Bio & Pharma
LabGenomics plans to buy 4 to 5 more CLIA labs in US by 2027
LabGenomics Co. will advance into the US diagnostics market with laboratories regulated by the country’s Clinical Laboratory Improvement Amend...
Aug 02, 2023 (Gmt+09:00)