Korean import car market
Scope
Date
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Automobiles
Samsung Electro-Mechanics aims to take lead in MLCC market
South Korea-based electronic components maker Samsung Electro-Mechanics Co. is looking to take lead in the multi-layer ceramic capacitors (MLCC) mar...
Aug 13, 2021 (Gmt+09:00)
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Foreign exchange
Korean won at 11-month low as foreigners dump $6.1 bn in stocks this week
The South Korean won tumbled to a near 11-month low as foreign investors dumped $6.1 billion in local stocks this week much more than their total se...
Aug 13, 2021 (Gmt+09:00)
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Machinery
Doosan Infracore expands Middle East market share with more orders
Doosan Infracore Co., a leading South Korean heavy machinery and construction equipment maker, secured more orders in the Middle East where rising c...
Aug 12, 2021 (Gmt+09:00)
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Shipping & Shipbuilding
Passing China, S.Korean shipbuilders hold top spot for three months
South Korea’s shipbuilding industry has maintained the top position worldwide in new orders for three straight months up to July.According to ...
Aug 12, 2021 (Gmt+09:00)
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Markets
Korean investors rush to buy Vietnam stocks
South Korean investors are rushing to buy Vietnamese stocks as the market is showing signs of a recovery. Analysts predicted export-oriented shares ...
Aug 12, 2021 (Gmt+09:00)
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Korean chipmakers
Korean chipmakers tumble, wipe out $13 billion in market capitalization
Shares of South Korea’s two largest chipmakers – Samsung Electronics Co. and SK Hynix Inc. – are slumping on a bearish industry ou...
Aug 12, 2021 (Gmt+09:00)
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Korean fabless startups take center stage, attracts VCs
South Korean fabless startups have taken center stage, attracting venture capital firms and institutional investors thanks to their advanced technol...
Aug 12, 2021 (Gmt+09:00)
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Tech, Media & Telecom
S.Korean telcos accelerate diversification amid strong Q2
South Korea’s two largest telecom companies, SK Telecom Co. and KT Corp., have both delivered strong second-quarter results driven by rapid gr...
Aug 11, 2021 (Gmt+09:00)
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M&As
Mubadala joins GS-led group to buy Korean botox maker
Abu Dhabi’s sovereign investor Mubadala Investment Co. joined a consortium led by South Korean GS Group to acquire the country’s top bot...
Aug 11, 2021 (Gmt+09:00)
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Earnings
Korean refiners log $3.4 bn profit on non-refining business
South Korean refiners enjoyed a $3.4 billion profit in the first half thanks to strong performance of non-refining business, swinging from a $4.5 bi...
Aug 09, 2021 (Gmt+09:00)
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Entertainment
K-pop evolves far beyond Korean nationality and language
South Korean music, entertainment and content firms are undergoing a major transformation in their business model. No longer is their discovery of n...
Aug 09, 2021 (Gmt+09:00)
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Pension funds
Korean pension funds log above-benchmark H1 returns
South Korea's major pension funds have posted robust investment returns above their benchmarks in the first half of this year, driven by double-digi...
Aug 09, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Korean activist fund KCGI joins in consortium to buy Ssangyong
A South Korean electric bus maker Edison Motors Co. added the activist fund Korea Corporate Government Improvement Fund (KCGI) as a financial invest...
Aug 09, 2021 (Gmt+09:00)
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Tech, Media & Telecom
Google’s in-app billing system ignites power play among Korean regulators
South Korea’s attempt to prohibit global app store operators from forcing certain in-app payment schemes has hit a bumpy road due to power pla...
Aug 09, 2021 (Gmt+09:00)
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Philanthropy
MBK chair says philanthropy, writing are equally important in his life
Michael ByungJu Kim, founder and chairman of Korea’s largest private equity firm MBK Partners, will donate 30 billion won ($26 million) to the...
Aug 08, 2021 (Gmt+09:00)
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Electric vehicles
Global carmakers to speed up EV push as governments pressure harder
US and European governments are pressing harder with tough regulations to expand electric vehicles (EV) adoption for cutting emission. Global automa...
Aug 06, 2021 (Gmt+09:00)
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Earnings
Rubber gloves make Korean petrochemical firms’ Q2 profit soar
South Korea’s leading petrochemical makers report their second-quarter sales and operating profit soared, boosted by strong sales of rubber gl...
Aug 06, 2021 (Gmt+09:00)
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Wealth
Sixty pct of S.Koreans see their children poorer than parents
Six out of 10 South Koreans believe their children will be financially worse off than their parents, marking the highest number for the country sinc...
Aug 06, 2021 (Gmt+09:00)
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Automobiles
Hyundai quadruples sales of eco-friendly cars in US
Hyundai Motor Co. has sold more than four times of eco-friendly cars in the US compared to last year. The company said on Aug. 5 that the number of ...
Aug 06, 2021 (Gmt+09:00)
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Investment banking
Mirae Asset step closer to full-fledged investment bank
Mirae Asset Securities Co. has become South Korea's first brokerage company to boost its equity capital to 10 trillion won ($9 billion), taking a st...
Aug 05, 2021 (Gmt+09:00)
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COVID-19
Korean govt to spend $1.9 billion to become world’s leading vaccine maker
The South Korean government will invest 2.2 trillion won ($1.9 billion) by 2025 to become a top five vaccine producer in the world. President Moon J...
Aug 05, 2021 (Gmt+09:00)
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Energy
Korean companies’ race heats up in $2.8 tn global wind farm markets
The global offshore wind power generation equipment market is heating up with cut-throat competition among South Korean companies. The country&rsquo...
Aug 05, 2021 (Gmt+09:00)
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Alternative investments
Tourism, aircraft take bulk of 2020 alternatives loss
South Korea's eight leading brokerage companies, including Mirae Asset Securities Co. and Hana Financial Investment Co., are estimated to have booke...
Aug 05, 2021 (Gmt+09:00)
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Mergers & Acquisitions
F&F may pay $350 mn for TaylorMade without Korean sales license
South Korean outdoor clothing retailer F&F Co. may not be able to sell apparel of TaylorMade Golf Co. in the country even after a $350 million t...
Aug 05, 2021 (Gmt+09:00)
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Korean startups
Naver Financial, SoftBank invest $25 mn in blockchain startup TBCASoft
South Korea-based Naver Financial, the fintech arm of online giant Naver Corp., has invested $20 million in a Series B funding round for the US-base...
Aug 05, 2021 (Gmt+09:00)
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Markets
Korean love for foreign stocks tops 100 tn won mark
South Koreans’ appetite for foreign stocks continued to grow with holdings of overseas shares by retail investors exceeding the 100 trillion w...
Aug 05, 2021 (Gmt+09:00)
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COVID-19
War for bio talent intensifies as S.Korea works on mRNA vaccines
As concerns rise over a resurgence of the COVID-19 pandemic, the war for talent in South Korea’s pharmaceutical industry is intensifying as th...
Aug 05, 2021 (Gmt+09:00)
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Pharmaceuticals
Daewoong Pharmaceutical aims to top $4 bn in sales by 2027
South Korea-based Daewoong Pharmaceutical Co. is hoping to achieve 5 trillion won ($4.4 billion) in sales by 2027, meaning that the company aims to ...
Aug 04, 2021 (Gmt+09:00)
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Automobiles
Carmakers log strong profits despite chip shortage
Global carmakers such as Stellantis N.V., BMW, Ford Motor Co. and Hyundai Motor Group surprised investors with strong earnings despite the automotiv...
Aug 04, 2021 (Gmt+09:00)
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Korean startups
Korean conglomerates turn to startups to tackle new ventures and ESG
South Korean conglomerates have been reaching out to D.CAMP, the country's largest non-profit foundation for startups, to get in touch with domestic...
Aug 03, 2021 (Gmt+09:00)