Korean smart factories
Scope
Date
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Automobiles
GM Korea releases new Trailblazer geared for S.Korean market
General Motors (GM) Korea on Wednesday launched the domestic sale of its new model of the small SUV Trailblazer customized for the South Korean mark...
Jul 19, 2023 (Gmt+09:00)
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Bio & Pharma
Novomics expands presence in Chinese cancer market
South Korean molecular diagnostics company Novomics Co. announced on Wednesday that it has signed a collaboration agreement with Chinese molecular d...
Jul 19, 2023 (Gmt+09:00)
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Airlines
Korean Air resumes flights from Busan to Japan after three-year suspension
Korean Air Lines Co., the largest airline and flag carrier of South Korea, said on Tuesday that it would resume its operations on the Busan-Fukuoka ...
Jul 19, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung to make Tesla’s fifth-generation HW 5.0 auto chip
Samsung Electronics Co., the world’s largest memory chipmaker, will make Tesla Inc.’s next-generation Full Self-Driving (FSD) chips to b...
Jul 18, 2023 (Gmt+09:00)
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Asset management
Mirae Asset’s global ETFs exceed $100 bn in net asset value
Mirae Asset Global Investments Co., South Korea’s leading asset manager, said on Tuesday its exchange-traded funds (ETFs) worldwide have surpa...
Jul 18, 2023 (Gmt+09:00)
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Fashion
Koreans maintain designer love with used items, 'quiet luxury'
South Koreans are maintaining their love for premium fashion items with purchases of used luxury items and "quiet luxury" goods amid a slowdown in A...
Jul 18, 2023 (Gmt+09:00)
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Hydrogen economy
E1 to invest $75 mn in Canadian blue ammonia project
South Korea’s major liquefied petroleum gas (LPG) distributor E1 Corp. said on Tuesday its plans of investing 10 million Canadian dollars (US ...
Jul 18, 2023 (Gmt+09:00)
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Automobiles
Hyundai Santa Fe’s full makeover yields boxier look
Hyundai Motor Co. on Tuesday premiered a new look for its steady-selling SUV Santa Fe. The complete transformation — its first in five years &...
Jul 18, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Samsung Heavy in $3.1 bn methanol-powered ship deal with Evergreen
Samsung Heavy Industries Co., a leading South Korean shipbuilder, has won a 3.96 trillion won ($3.13 billion) deal to build 16 methanol-powered cont...
Jul 17, 2023 (Gmt+09:00)
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Batteries
Korea Zinc likely to supply copper foil to LG Energy for EV batteries
Korea Zinc Co., the world’s largest zinc and lead smelter, will likely start supplying copper foil, a key battery component, to LG Energy Solu...
Jul 17, 2023 (Gmt+09:00)
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Tech, Media & Telecom
KT to cooperate with Mongolian gov't on DX techs
South Korea's telecom service provider KT Corp. disclosed on Monday its plans to collaborate with the Mongolian government to usher in a digital tra...
Jul 17, 2023 (Gmt+09:00)
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Hydrogen economy
Doosan Enerbility, Johnson Matthey to develop ammonia cracking tech
South Korea’s power plant builder Doosan Enerbility Co. announced on Monday that it signed an R&D agreement with the UK-based chemical com...
Jul 17, 2023 (Gmt+09:00)
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Economy
BOK chief says aging without assets key challenge to S.Koreans
JEJU -- South Korea’s central bank chief on Friday warned of the growing risk of aging without assets in Asia’s fourth-largest economy a...
Jul 14, 2023 (Gmt+09:00)
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Korean games
Nexon’s Dave the Diver rises to global top game in 2 weeks after launch
Nexon Co. is poised to change the South Korean game scene with its new adventure PC role-playing game that has grabbed gamers around the world immed...
Jul 14, 2023 (Gmt+09:00)
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Debt financing
Korea Investment 1st Korean broker to sell samurai bonds
Korea Investment & Securities Co. on Friday became the first South Korean brokerage company to sell samurai bonds, raising 20 billion yen ($145 ...
Jul 14, 2023 (Gmt+09:00)
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Artificial intelligence
LG AI Research launches patent screening AI
South Korea's think tank LG AI Research has teamed up with the Korean Intellectual Property Office (KIPO) to develop the world's first patent screen...
Jul 14, 2023 (Gmt+09:00)
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Automobiles
Kia vows to take 10% of Indian market after 1 million car output
In celebration of producing 1 million cars from its Indian plant, Kia Corp. has vowed to command 10% of the Indian car market with more diverse mode...
Jul 14, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor premieres first high-performance EV IONIQ 5 N
The IONIQ 5 N – Hyundai Motor Co.'s first all-electric high-performance car under its N brand – made its world premiere on Thursday, wit...
Jul 13, 2023 (Gmt+09:00)
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Retail
Lotte Duty Free opens store at Australia's Melbourne Airport
South Korea's Lotte Duty Free announced on Thursday that it is opening a new store at Melbourne Airport in Australia and entering full-scale opera...
Jul 13, 2023 (Gmt+09:00)
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Electric vehicles
Everon attracts $39 mn thanks to hot VC demand for EV charging
Everon, one of South Korea’s top three electric vehicle charging infrastructure and management service providers, raised 50 billion won ($39 m...
Jul 13, 2023 (Gmt+09:00)
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Business & Politics
American patent trolls target S.Korean companies
Over 80% of American companies that sued South Korean companies for patent infringement last year were non-practicing entities (NPE), or “pate...
Jul 13, 2023 (Gmt+09:00)
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Webtoons
Naver Webtoon starts fortunetelling, personality test services
South Korea's Naver Webtoon has launched a service combining its content with the Myers-Briggs Type Indicator (MBTI), a US test of personality type,...
Jul 13, 2023 (Gmt+09:00)
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Private equity
NPS commits $163 mn to Macquarie's sixth Korean buyout fund
Macquarie Asset Management is aiming to close its sixth buyout fund in South Korea at a maximum of 1 trillion won ($775.6 million) by the first ha...
Jul 12, 2023 (Gmt+09:00)
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Economy
Shrinking youth jobs cast shadow over S.Korea’s labor market
Employment in South Korea extended its growth streak in June but its gains slowed for the third straight month, with youth jobs declining for eight ...
Jul 12, 2023 (Gmt+09:00)
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Hydrogen economy
Hanwha Solutions, SK D&D team up for hydrogen fuel cell, solar power
South Korea's Hanwha Solutions Corp. and SK D&D have signed a strategic memorandum of understanding (MOU) to jointly pursue hydrogen fuel cell...
Jul 12, 2023 (Gmt+09:00)
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Automobiles
Kia scouts ex-Stellantis executive Pierre-Martin Bos as PBV director
Kia Corp. has brought a former Stellantis N.V.’s commercial vehicle specialist on board for its purpose-built vehicle (PBV) business in Europe...
Jul 11, 2023 (Gmt+09:00)
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Fashion
NHN Commerce acquires Italian luxury brands retailer Ikonic
NHN Commerce, South Korea's major online company NHN Corp.'s shopping platform, announced on Tuesday its acquisition of a 77.8% stake in Ikonic Srl,...
Jul 11, 2023 (Gmt+09:00)
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Robotics
Doosan Robotics to expand smart factory deployment using cobot
Doosan Robotics, a robot solution subsidiary of South Korea's Doosan Group, said on Tuesday it has signed a memorandum of understanding (MOU) with d...
Jul 11, 2023 (Gmt+09:00)
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Korean startups
Ad-tech unicorn Moloco’s endeavor to unlock potential continues
SILICON VALLEY – Moloco Inc., a Silicon Valley-based ad-tech solution startup valued at more than $2 billion, is dreaming big to become a vers...
Jul 10, 2023 (Gmt+09:00)
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Electric vehicles
Korea tops US eco-friendly car import rankings despite IRA disadvantage
South Korea retained its top spot in exports of eco-friendly vehicles including electric cars to the US in the first quarter despite challenges pose...
Jul 10, 2023 (Gmt+09:00)