Korean smart factories
Scope
Date
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Banking & Finance
Korean banks post significant H1 profit drop at overseas operations
South Korea’s top four banks saw a significant drop in their overseas earnings in the first half as they focused more on domestic businesses s...
Sep 20, 2024 (Gmt+09:00)
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Batteries
Hyundai Steel set to supply iron powder to Korean LFP cathode makers
Hyundai Steel Co., a unit of South Korean automotive group Hyundai Motor Co., is set to enter the battery materials business by supplying iron powde...
Sep 20, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Hanwha unveils carbon-free gas carrier amid tougher rules
Hanwha Ocean Co., South Korea’s third-largest shipbuilder, has introduced a carbon-free gas carrier to meet the growing demand for eco-friendl...
Sep 20, 2024 (Gmt+09:00)
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Tech, Media & Telecom
Hyundai Motor Group becomes KT's largest shareholder
Hyundai Motor Group has officially become the largest shareholder of South Korea's major telecommunications company KT Corp., following a public int...
Sep 20, 2024 (Gmt+09:00)
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Tech, Media & Telecom
S.Koreans log most hours on YouTube worldwide
YouTube was the most popular app among South Korean smartphone users, a study found, logging the most hours on the video streaming platform worldwid...
Sep 19, 2024 (Gmt+09:00)
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Korean stock market
South Korean investors bet big on ETFs tracking Indian equities
India has emerged as a new darling for South Korean investors actively searching for an alternative to China reeling from multiple economic setbacks...
Sep 19, 2024 (Gmt+09:00)
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ESG
SK Enmove gets gold rating of EcoVadis ESG evaluation
South Korea’s lube oil maker SK Enmove Co., Korea’s top oil refiner SK Innovation Co.'s subsidiary, said on Thursday it received a Gold ...
Sep 19, 2024 (Gmt+09:00)
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Korean food
Korean ramen makers set sights beyond US to Latin America
Nongshim Co. and Samyang Foods Co., South Korea’s two largest ramen makers, are ramping up production to create and meet demand for their spic...
Sep 18, 2024 (Gmt+09:00)
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Banking & Finance
India offers Korean firms detailed guidance for forays into India
India’s finance ministry, central bank and stock market operator outlined the country’s regulatory and investment environment for South ...
Sep 17, 2024 (Gmt+09:00)
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Markets
LX Pantos founder’s son sells shares to LX International for $37 mn
The only son of LX Pantos Co.’s late founder has unloaded his additional shares in the company to South Korean logistics-to-trading conglomera...
Sep 16, 2024 (Gmt+09:00)
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Korean stock market
Mobility firms, banks replace battery, K-culture stocks in KEDI 30 Index
Mobility, financial services and biotech companies have elbowed out battery and entertainment stocks in the KEDI Innovator ESG 30 Index in an annual...
Sep 12, 2024 (Gmt+09:00)
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Korean food
Pulmuone to boost K-food boom in China with gimbap
Leading South Korean food company Pulmuone Corp. is poised to crank up the K-food craze in China, the world’s second most populous country, wi...
Sep 12, 2024 (Gmt+09:00)
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Banking & Finance
Korea's Woori Bank adds two more branches in India
South Korea’s Woori Bank announced on Thursday that It has opened additional branches in Pune and Ahmedabad, India.These are the bank's fourth...
Sep 12, 2024 (Gmt+09:00)
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Corporate strategy
LG CNS establishes joint venture with Sinarmas in Indonesia
South Korea's LG CNS Co. said on Thursday that it established a joint venture LG Sinarmas Technology Solutions in Indonesia with Sinarmas Group in J...
Sep 12, 2024 (Gmt+09:00)
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Banking & Finance
Shinhan SOL Travel Cards' cumulative issuance reaches 1.2 mn
South Korea's Shinhan Card said on Wednesday that the cumulative issuance of its travel-specialized card, the Shinhan SOL Travel Card (available in ...
Sep 11, 2024 (Gmt+09:00)
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Logistics
CJ Logistics joins hands with Affinity for third-party logistics
CJ Logistics announced on Wednesday that it has signed a strategic memorandum of understanding (MOU) with Affinity Equity Partners.Affinity is a glo...
Sep 11, 2024 (Gmt+09:00)
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Retail
Shinsegae Duty Free opens premium store at Incheon Airport
South Korea's Shinsegae Duty Free launched a premium store at Incheon International Airport, aiming to counter the decline in downtown duty-free sal...
Sep 11, 2024 (Gmt+09:00)
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Energy
Taihan Cable completes 1st optical cable plant in Kuwait
Taihan Cable & Solution Co. said on Tuesday it has completed the first fiber optic cable factory in Kuwait, in a joint project with Rank General...
Sep 10, 2024 (Gmt+09:00)
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Energy
Hanwha Aerospace, SK Enmove develop fireproof ESS
South Korean companies have joined forces to develop the world’s first fireproof energy storage system (ESS) powered by liquid immersion cooli...
Sep 10, 2024 (Gmt+09:00)
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Automobiles
Kia ranks first in customer satisfaction in India
Kia Corp. said on Tuesday that it ranked first in the mass-market brand category in the customer experience index survey recently released by India'...
Sep 10, 2024 (Gmt+09:00)
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Batteries
Samsung SDI relinquishes polarizer film unit for $834 mn
Samsung SDI Co., the South Korean battery maker with the world’s sixth-largest market share, has decided to sell its polarizer film business t...
Sep 10, 2024 (Gmt+09:00)
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Beauty & Cosmetics
APR enters UK cosmetics market
South Korea's cosmetic and clothing company APR said on Monday that it entered PureSeoul, a UK-based distributor specializing in K-beauty.PureSeoul ...
Sep 10, 2024 (Gmt+09:00)
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Bio & Pharma
Lotte to restructure bio business to focus on CDMO
South Korea’s retail-to-chemical conglomerate Lotte Group will restructure its bio business to focus on the profit-making medicine bio develop...
Sep 09, 2024 (Gmt+09:00)
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Batteries
EcoPro, China’s GEM to build cathode complex in Indonesia
South Korea’s leading electric vehicle cell materials producer EcoPro Group joined hands with the world’s second-largest precursor manuf...
Sep 09, 2024 (Gmt+09:00)
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Batteries
SK Ecoplant sells off stake in Ascend Elements for $98 million
SK Ecoplant Co., a South Korean construction engineering and waste management company under SK Group, has unloaded all its holdings in US-based lith...
Sep 09, 2024 (Gmt+09:00)
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Korean chipmakers
Tokyo Electron: Chip machinery giant with ‘tireless animal spirit’
TOKYO – In the 1980s, Japanese chipmakers dominated the world’s semiconductor industry.Companies like NEC, Toshiba, Fujitsu and Mitsubis...
Sep 09, 2024 (Gmt+09:00)
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Corporate strategy
Lotte to foster Pepero as global brand by 2035: Chairman Shin
Lotte Group has selected Pepero — a thin chocolate-covered stick cookie — as the first brand that it will foster into one of the world&r...
Sep 08, 2024 (Gmt+09:00)
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Energy
SK Earthon wins 2nd oil field exploration bid in Malaysia
SK Earthon Co., the energy resources exploration and production (E&P) unit of South Korean energy giant SK Innovation Co., is accelerating its g...
Sep 08, 2024 (Gmt+09:00)
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Korean games
No Korean firms make it onto Korea’s top five mobile games list
No South Korean game titles developed by domestic game developers made it onto the list of the country’s top five mobile games last month, ind...
Sep 06, 2024 (Gmt+09:00)
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Logistics
Hanjin, China's AWOT set up e-commerce logistics JV
Hanjin Transportation Co., a South Korean logistics company, said on Friday it has established an e-commerce logistics joint venture with China&rsqu...
Sep 06, 2024 (Gmt+09:00)