Korean firms on US Exchange
Scope
Date
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Retail
Duty-free stores: Golden goose gone for Korean retailers
South Korea welcomed a record-high number of post-pandemic foreign tourist arrivals for a single quarter in the first three months of this year, but...
Jun 28, 2024 (Gmt+09:00)
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Economy
S.Korea’s consumer goods exports to top $100 bn in 2024: KOTRA
South Korea is projected to reap more than $100 billion from selling the country’s consumer goods overseas this year. Exports of such products...
Jun 28, 2024 (Gmt+09:00)
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Artificial intelligence
Upstage, Amazon to cooperate on AI solutions
Upstage, South Korea’s artificial intelligence startup, announced on Thursday that it signed a multi-year strategic collaboration agreement (S...
Jun 28, 2024 (Gmt+09:00)
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E-commerce
Shopee to ramp up Korean goods sales in Vietnam, Thailand
Shopee Pte. Ltd., an e-commerce operator, plans to quadruple sales of South Korean products in Vietnam and Thailand by 2025 aiming to expand its glo...
Jun 27, 2024 (Gmt+09:00)
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Banking & Finance
Woori Financial, Natixis to manage global private equity fund
South Korea's Woori Bank and Woori PE Asset Management announced on Thursday that they have signed a "strategic business agreement for creating a ...
Jun 27, 2024 (Gmt+09:00)
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Mergers & Acquisitions
SK Bioscience to buy German vaccine maker IDT Biologika for $244 mn
South Korea’s vaccine developer SK Bioscience Co. will acquire a controlling stake in the world’s top 10 vaccine firm IDT Biologika GmbH...
Jun 27, 2024 (Gmt+09:00)
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Executive reshuffles
Lotte Group's heir apparent joins Japan holding firm's board
Shin Yoo-yeol, the heir apparent to Lotte Group, has been elected to the board of directors of its Japanese holding company, which serves as a link ...
Jun 27, 2024 (Gmt+09:00)
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Korean chipmakers
Korea to inject $200 mn into semiconductor packaging R&D
South Korea will inject 274.4 billion won ($200 million) into a state-run R&D project for semiconductor packaging technology, a key to producing...
Jun 26, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Amazon to back K-Beauty’s broader global reach
US e-commerce juggernaut Amazon.com Inc. will offer South Korean cosmetics producers one-stop support to enable them to reach millions of customers ...
Jun 26, 2024 (Gmt+09:00)
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Airlines
Jin Air earns Sustinvest ESG A grade
South Korea's low-cost carrier (LCC) Jin Air announced on Wednesday that it received an A in the Sustinvest ESG (Environmental, Social, Governance) ...
Jun 26, 2024 (Gmt+09:00)
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Batteries
SK On signs MOU to secure US-sourced lithium from ExxonMobil
SK On Co. has inked an MOU with ExxonMobil Corp. to buy lithium extracted by the US oil giant from a salt well in the US state of Arkansas. The deal...
Jun 26, 2024 (Gmt+09:00)
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Airlines
Korean Air named Skytrax world's top 100 airlines
Korean Air Lines Co. and Asiana Airlines Inc. have been selected for the 2024 World Airline Awards by UK-based aviation consultancy Skytrax on June ...
Jun 26, 2024 (Gmt+09:00)
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Private equity
Korean PE funds shrink in 2023 for first time in 7 years
South Korean private equity investments declined last year for the first time since 2016 due to interest rate hikes, high inflation and the Korean w...
Jun 26, 2024 (Gmt+09:00)
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Korean startups
SK Innovation-backed Marine Innovation looks to enter US green market
Marine Innovation Co., a South Korean eco-friendly social venture company sponsored by the country’s top energy firm SK Innovation Co., is par...
Jun 25, 2024 (Gmt+09:00)
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Corporate restructuring
SK Inc. in talks to sell Pharmteco’s US CDMO plant to Novo Nordisk
SK Inc., the holding and investment company of SK Group, South Korea’s second-largest conglomerate, is negotiating to sell a major asset of it...
Jun 25, 2024 (Gmt+09:00)
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Markets
Korea's bet on US assets up on bull stocks, EV incentives
South Korea’s financial assets in the US hit a record high last year due to the US stock market rally and Korean companies’ capital inje...
Jun 25, 2024 (Gmt+09:00)
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Corporate governance
Woori adopts Samsung culture index for internal controls
Woori Financial Group has adopted Samsung Electronics Co.'s Samsung Culture Index (SCI) to tighten its internal controls, which will be given more w...
Jun 25, 2024 (Gmt+09:00)
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Steel
Hyundai Steel builds global sales network of low-carbon steel
South Korea’s Hyundai Steel Co. announced on Tuesday that it signed a memorandum of understanding (MOU) with European customers to sell low-ca...
Jun 25, 2024 (Gmt+09:00)
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Artificial intelligence
LG Uplus launches generative AI ixi-GEN
South Korean major mobile carrier LG Uplus Corp. officially launched its generative artificial intelligence model ixi-GEN on Tuesday, joining its bi...
Jun 25, 2024 (Gmt+09:00)
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Corporate bonds
Hanwha Life Financial Services gets A+ credit rating
South Korea's Hanwha Life Financial Services said on Tuesday it received an A+ (Stable) credit rating from Korea Ratings, becoming the first domes...
Jun 25, 2024 (Gmt+09:00)
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Corporate bonds
Doosan emerges as darling in Korea’s BBB bond market
Doosan Co. is poised to raise up to 80 billion won ($58 million) in bond sales this week following its credit rating upgrade as the holding company ...
Jun 25, 2024 (Gmt+09:00)
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Banking & Finance
Mirae Asset's US dividend premium fund surpasses $72 mn in net assets
South Korea's Mirae Asset Global Investments Co. announced on Tuesday that the net assets of its Mirae Asset US Dividend Premium Fund, which invests...
Jun 25, 2024 (Gmt+09:00)
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Bio & Pharma
JLK gets FDA OK for prostate cancer diagnosis AI solution
South Korea’s JLK Inc., an AI-based diagnosis solution and platform maker, announced on Monday that it got approval from the US Food and Drug ...
Jun 25, 2024 (Gmt+09:00)
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Korean chipmakers
Booming AI industry boosts chip packaging equipment makers
Global chip packaging equipment manufacturers are enjoying surging demand and skyrocketing share prices thanks to the rapid growth of the artificial...
Jun 24, 2024 (Gmt+09:00)
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Corporate restructuring
SK puts shares in Goldman-backed Korea Superfreeze on market
SK Group has put its shares in Korea Superfreeze Inc., a cold chain logistics company jointly owned by EMP Belstar and Goldman Sachs, on the market,...
Jun 24, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Korean seafood giant Sajo acquires Foodist for $181 million
Sajo Group, a South Korean seafood and fisheries conglomerate, has acquired Foodist Co., a domestic food ingredient and catering service provider, f...
Jun 24, 2024 (Gmt+09:00)
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Electronics
LG Display bets big on Tandem OLED in AI computing era
LG Display Co., the world’s top organic light-emitting diode (OLED) TV panel maker, is raising the stakes in Tandem OLED technology to stay ah...
Jun 24, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
HD KSOE eyes $3.4 bn worth of orders from France's CMA CGM
South Korea’s largest shipbuilder, HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE), is eyeing around $3.4 billion worth of orde...
Jun 24, 2024 (Gmt+09:00)
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Retail
E-Mart24 opens first store in Cambodia
South Korea's convenience store chain E-Mart24 Inc. announced on Sunday that it opened its first store in Boeung Keng Kang, a bustling district of P...
Jun 24, 2024 (Gmt+09:00)
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Electronics
LG Innotek eyes $1.4 bn in automotive sensor sales by 2030
LG Innotek Co., South Korea’s leading mobile camera module maker, is upping the ante to lead the automotive sensing market with high-performan...
Jun 24, 2024 (Gmt+09:00)
Latest News
- 1 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 2 AI startup MarqVision raises $16.5 mn to close Series A
- 3 Taihan Cable wins $630 mn power grid project in Singapore
- 4 Korean startup scene is gloomy, say 2 out of 5 startup CEOs
- 5 MBK ups stakes for Korea Zinc to match buyback offer