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Tech, Media & Telecom
LG Uplus to invest $77.3 million annually against data theft
South Korea’s third-largest mobile carrier LG Uplus Corp. will spend 100 billion won ($77.3 million) a year to enhance data security about a m...
Feb 17, 2023 (Gmt+09:00)
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Korean chipmakers
SK Hynix may not slash chipmaking investment in 2023: vice chairman
SK Hynix Inc., the world’s second-largest memory chipmaker, will not significantly cut its semiconductor output this year, Vice Chairman Park ...
Feb 15, 2023 (Gmt+09:00)
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Batteries
Ford EV production halt casts doubts over SK cell quality
Ford Motor Co. said on Tuesday it has stopped production and shipments of the F-150 Lightning electric pickup truck due to a possible battery issue,...
Feb 15, 2023 (Gmt+09:00)
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Aerospace & Defense
KAI expects 2023 sales to grow by a third, driven by fighter jets
Korea Aerospace Industries Ltd. (KAI), South Korea’s sole military aircraft manufacturer, said on Wednesday it aims to achieve 3.83 trillion w...
Feb 15, 2023 (Gmt+09:00)
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Robotics
Samsung Electronics, KAIST join forces to train robotics experts
Samsung Electronics Co. has partnered with the Korea Advanced Institute of Science and Technology (KAIST) to cultivate specialists in robotics. On M...
Feb 14, 2023 (Gmt+09:00)
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ESG
Responsible mineral sourcing key to Korean battery materials makers
South Korea’s battery materials makers are stepping up their efforts to conform to environmental, social and governance (ESG) standards throug...
Feb 13, 2023 (Gmt+09:00)
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Bio & Pharma
Hanall Biopharma invests in Interon Labs for brain disease treatments
South Korean pharmaceuticals firm Hanall Biopharma Co. is investing in Interon Laboratories, a US biotech firm that finds and develops treatments fo...
Feb 13, 2023 (Gmt+09:00)
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Korean startups
Seoul to run $3.9 billion fund for startups over 4 years
The local government of South Korea’s capital city Seoul this year will launch its own vision fund, dubbed the Seoul Vision 2030 Fund, to inve...
Feb 09, 2023 (Gmt+09:00)
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Korean stock market
Individual investors in S.Korea betting on stock market's decline
Despite South Korea's Kosdaq stock market growing this month following the "January rally," individual investors in the country are still betting on...
Feb 09, 2023 (Gmt+09:00)
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Leadership & Management
Samsung’s Lee may ramp up investment in QD-OLED panels
Samsung Electronics Co. may ramp up its investment in screen panel affiliate Samsung Display Co. to meet growing demand for next-generation quantum ...
Feb 07, 2023 (Gmt+09:00)
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Korean startups
Profit matters for survival of startups amid investment drought
As venture capitalists tighten their purse strings amid looming recession fears, only startups with killer products that generate profits are well-p...
Feb 07, 2023 (Gmt+09:00)
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Artificial intelligence
S.Korea behind in ChatGPT race with zero AI unicorns
South Korea, one of the most wired countries in the world, lags far behind other countries in attaining unicorn startups in the artificial intellige...
Feb 07, 2023 (Gmt+09:00)
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ESG
SK Innovation steps up carbon offset, green investments
SK Innovation Co., the refinery and chemicals unit of South Korea’s second-largest conglomerate SK, is poised to strengthen its eco-friendly b...
Feb 06, 2023 (Gmt+09:00)
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Bio & Pharma
South Korean biotech firms tap Middle East as next key market
South Korean biotech companies are speeding up their foray into the Middle East to tap oil money as they seek new growth engines beyond fossil fuels...
Feb 06, 2023 (Gmt+09:00)
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Regulations
Korea to legalize security token for fractional investment
South Korea is set to allow all kinds of fractional investments next year through the legalization of a security token (ST), a digital form of tradi...
Feb 06, 2023 (Gmt+09:00)
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ESG
LG Group to invest $2.7 bn in decarbonization by 2030
South Korea's No. 4 conglomerate LG Corp. is set to accelerate its net zero by 2050 strategies.LG will invest 3.4 trillion won ($2.7 billion) by 203...
Feb 05, 2023 (Gmt+09:00)
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Pension funds
NPS lags global peers in 2013-2022 investment returns
South Korea's National Pension Service (NPS), the world's third-largest pension fund, has underperformed its global peers over the past decade in te...
Feb 05, 2023 (Gmt+09:00)
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Mergers & Acquisitions
MBK to buy Japanese nursing home and care service for $300 mn
MBK Partners, the largest private equity firm in Northeast Asia, is set to acquire Japanese senior nursing care service company Unimat Retirement Co...
Feb 03, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Samsung’s next frontier: XR in partnership with Qualcomm, Google
SAN FRANCISCO – Samsung Electronics Co. is teaming up with Qualcomm Technologies Inc. and Google LLC to venture into the extended reality (XR)...
Feb 02, 2023 (Gmt+09:00)
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Banking & Finance
KB Financial Group holds investment conference via metaverse
South Korea's KB Financial Group on Tuesday presented its investment philosophy to individual and institutional customers in the metaverse, a three-...
Feb 02, 2023 (Gmt+09:00)
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Korean startups
S.Korea's MGRV attracts $10mn Series B bridge investment
MGRV Community & Space, a South Korean startup that operates co-living facilities under the brand "Mangrove," announced on Wednesday it has attr...
Feb 01, 2023 (Gmt+09:00)
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Travel & Leisure
Hanwha Hotels & Resorts to work with Vietnam's Lodgis to expand overseas network
South Korea's Hanwha Hotels & Resorts Co., Ltd. said on Wednesday that it has signed a strategic memorandum of understanding (MOU) with Lodgis H...
Feb 01, 2023 (Gmt+09:00)
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Earnings
SK Hynix to halve investment after posting first quarterly loss in decade
SK Hynix Inc., the world’s second-largest memory chipmaker, said on Wednesday it will significantly slash its investment for this year after p...
Feb 01, 2023 (Gmt+09:00)
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Earnings
Samsung to advance solid-state battery output after record sales
South Korea’s Samsung SDI Co. reported its largest-ever profit and revenue last year, which will drive its efforts to produce solid-state batt...
Jan 31, 2023 (Gmt+09:00)
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Tech, Media & Telecom
KISA launches ASEAN Cyber Shield project for strengthening cyber security
The Korea Internet & Security Agency (KISA) on Monday has announced the launch of the "ASEAN Cyber Shield" project, a major international cooper...
Jan 31, 2023 (Gmt+09:00)
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Earnings
Samsung vows no chip output cut, eyes second-half demand recovery
Samsung Electronics Co. said on Tuesday it has no plans to cut semiconductor production even if it incurs temporary losses as the world’s larg...
Jan 31, 2023 (Gmt+09:00)
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Venture capital
Korea's venture capital investment falls 12% last year amid downturn
South Korea's venture capital investment last year fell more than 10% from a year ago due to the economic downturn caused by a series of global rate...
Jan 30, 2023 (Gmt+09:00)
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Korean startups
A-Team Ventures succeeds in attracting $4.1 mn investment from LX
A-Team Ventures, which runs an online manufacturing platform "Capa," said on Friday that it has raised a Series B funding of 5 billion won ($4.1 mil...
Jan 27, 2023 (Gmt+09:00)
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Earnings
Hyundai vows $8.5 billion investment after record 2022 sales, profit
South Korea’s top automaker Hyundai Motor Co. said on Thursday it will spend 10.5 trillion won ($8.5 billion) this year to ramp up facilities ...
Jan 26, 2023 (Gmt+09:00)
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Culture & Trends
'Extraordinary Attorney Woo' maker to create webtoon-based K-drama series
KT Skylife Co., a broadcasting unit within South Korean telecom behemoth KT Corp., is slated to boost its investment in intellectual property conten...
Jan 26, 2023 (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