Level 4 autonomous driving
Scope
Date
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Korean startups
Deeping Source turns visual data into info that drives business decisions
Deeping Source Inc., an artificial intelligence (AI) analytics startup, turns real-life visual data into insight that can drive business decisions.&...
Nov 20, 2022 (Gmt+09:00)
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Korean chipmakers
Samsung's chipmaking unit raises initial base salary to match SK Hynix's
Samsung Electronics Co.'s device solutions (DS) division, which manufactures semiconductors and displays, has raised its initial annual base salary ...
Nov 18, 2022 (Gmt+09:00)
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Healthcare
Galaxy Watches gauge body indicators at level of specialized medical devices
The Galaxy Watch series of Samsung Electronics can gauge major indicators of human health with similar accuracy as that of professional medical devi...
Nov 16, 2022 (Gmt+09:00)
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Earnings
LG CNS earns $2.3 billion in year's first 3 quarters
South Korea's information and communications technology (ICT) corporation LG CNS, which seeks an initial public offering (IPO), has set a company re...
Nov 15, 2022 (Gmt+09:00)
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Batteries
LG Energy Solution diversifies supply chains to respond to US IRA
LG Energy Solution Ltd. has made a preemptive response to the Inflation Reduction Act of the US by securing the supply of lithium carbonate, a key m...
Nov 11, 2022 (Gmt+09:00)
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Bio & Pharma
SK Biopharma's epilepsy treatment posts impressive growth in US
South Korean SK Biopharmaceuticals' epilepsy treatment Cenobamate has seen rapid growth on the US market.The company on Thursday said the medic...
Nov 11, 2022 (Gmt+09:00)
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E-commerce
Coupang posts first profit in 8 years after adopting rapid delivery
South Korea's Coupang CEO Kim Bom-seok has kept his promise, with his online shopping giant posting its first surplus in eight years since introduci...
Nov 10, 2022 (Gmt+09:00)
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Earnings
KT posts highest Q1-Q3 operating profit since 2012
KT Corp., South Korea’s major telecommunications firm, posted 1.5 trillion won ($1.1 billion) in cumulative operating profit for the first thr...
Nov 08, 2022 (Gmt+09:00)
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Earnings
Naver posts record 3Q sales boosted by content and commerce
South Korea's leading web portal Naver reported record-high sales in the third quarter thanks to surging growth in its content sector, including the...
Nov 07, 2022 (Gmt+09:00)
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Korean chipmakers
Samsung sets sights on new chips for self-driving homes on wheels
For decades, Samsung Electronics Co. has been a household name in the semiconductor industry, making chips that work like the human brain for comput...
Nov 03, 2022 (Gmt+09:00)
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Investment banking
Korea's KB Securities to earn market's 1st quadruple crown
In a first for a Korean brokerage, KB Securities has led all major performance categories this year and could achieve the domestic sector's first "q...
Nov 03, 2022 (Gmt+09:00)
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Mergers & Acquisitions
EQT Partners to invest $1.4 bn in Korea's No. 2 physical security firm
Sweden’s EQT Partners AB is set to acquire a 36.87% stake in South Korean security services provider SK Shieldus Co. from a consortium led by ...
Nov 02, 2022 (Gmt+09:00)
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Electronics
Samsung smartphone shipments down 7.4% in Q3; outlook dim
Samsung Electronics Co. suffered a drop in smartphone shipments during the third quarter on weak demand, adding to concerns over the sector’s ...
Oct 28, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Carlyle, GS Group to buy Korean dental scanner maker
US private equity giant The Carlyle Group and South Korean energy-to-retail conglomerate GS Group will acquire Medit Corp., the world’s third-...
Oct 25, 2022 (Gmt+09:00)
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Pre-IPOs
Samsung SDI supplier Jaewon seeks about $280 mn in pre-IPO
South Korean mid-sized petrochemical company Jaewon Industrial Co. is looking to attract pre-IPO investment, according to investment banking sources...
Oct 19, 2022 (Gmt+09:00)
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Automobiles
Hyundai, Kia to reflect $2 bn quality costs in Q3 earnings
Hyundai Motor Co. and its affiliate Kia Corp., South Korea’s top two automakers, plan to reflect 2.9 trillion won ($2 billion) more in quality...
Oct 18, 2022 (Gmt+09:00)
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Economy
BOK mulls 50-bp rate hike despite slower Sept inflation
South Korea’s headline inflation slowed in September for a second straight month on lower oil prices, but the central bank is still predicted ...
Oct 05, 2022 (Gmt+09:00)
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Tech, Media & Telecom
KT rebrands Olleh TV as Genie TV to transform into media portal
South Korea’s telecom giant KT Corp. is rebranding its IPTV service Olleh TV as Genie TV as part of its efforts to transform into a media port...
Oct 05, 2022 (Gmt+09:00)
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Korean chipmakers
Samsung unveils 1.4 nm tech roadmap to challenge TSMC’s dominance
SILICON VALLEY – Samsung Electronics Co. said on Monday it will adopt the industry’s most advanced 1.4-nanometer chip production technol...
Oct 04, 2022 (Gmt+09:00)
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Future mobility
Hyundai’s Trailer Drone concept wins top Red Dot design award
South Korea’s top automaker Hyundai Motor Co. said on Friday its Trailer Drone, a fully autonomous hydrogen mobility concept, has won the top ...
Sep 30, 2022 (Gmt+09:00)
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Markets
S.Korea to take measures to support stock, bond markets
South Korea is set to take measures to stabilize local stock and bond markets hit by global interest rate hikes amid growing risks of a worldwide ec...
Sep 28, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Aircraft maker KAI: Hanwha Group's new M&A target?
Hanwha Group’s agreement to buy a controlling stake in Daewoo Shipbuilding & Marine Engineering (DSME) Co. for 2 trillion won ($1.4 billio...
Sep 27, 2022 (Gmt+09:00)
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Automobiles
Self-driving startup 42dot unveils driverless shuttle
South Korea's autonomous transportation startup 42dot, owned by Hyundai Motor Group, on Monday unveiled a driverless electric shuttle installed with...
Sep 26, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Hanwha agrees to buy Daewoo Shipbuilding for $1.4 billion
South Korea's leading weapons manufacturer Hanwha Group agreed on Monday to buy a controlling stake in Daewoo Shipbuilding & Marine Engineering ...
Sep 26, 2022 (Gmt+09:00)
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Corporate strategy
Weaker won offers no leg up for Korean exporters
The steeper-than-expected decline in the won’s value is posing a grave threat to South Korean companies already struggling with rising inflati...
Sep 23, 2022 (Gmt+09:00)
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Construction
Doosan Enerbility wins $383 mn power plant deal from Saudi Arabia
South Korea's major power plant builder Doosan Enerbility Co. said on Friday it has won a 540 billion won ($383 million) contract to build a combine...
Sep 23, 2022 (Gmt+09:00)
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Batteries
Battery maker SK On sweetens $1.4 bn fundraising deal
SK On Co., the world’s fifth-largest rechargeable battery maker, has sweetened its deal to attract 2 trillion won ($1.4 billion) in new share ...
Sep 21, 2022 (Gmt+09:00)
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Artificial intelligence
LG fridges, TVs to leverage embedded AI to distinguish human voices
LG Electronics Inc., an industry frontrunner in applying artificial intelligence to home appliances, has unveiled a new speaker identification techn...
Sep 21, 2022 (Gmt+09:00)
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Future mobility
Korea unveils autonomous driving, commercial drone service roadmap
South Korea aims to launch advanced autonomous driving, commercial drone and other urban air mobility services by 2025, as the country strives to be...
Sep 19, 2022 (Gmt+09:00)
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Future mobility
Kakao Mobility, Hyundai to launch pilot robotaxi service by year-end
Kakao Mobility Corp., which runs South Korea’s most popular taxi-hailing app, and top Korean automaker Hyundai Motor Co. have agreed to launch...
Sep 19, 2022 (Gmt+09:00)