Lion Air Group
Scope
Date
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Future mobility
Daewoo E&C, Jeju Air kick off K-UAM Grand Challenge phase 1 project
Daewoo Engineering & Construction Co. and Jeju Air Co. have teamed up to participate in the Korean urban air mobility (K-UAM) project. The two c...
Feb 22, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Turkey approves Hanwha Group's acquisition of DSME
The Turkish competition authority has approved Hanwha Group’s acquisition of Daewoo Shipbuilding & Marine Engineering Co. (DSME), the firs...
Feb 22, 2023 (Gmt+09:00)
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Airlines
Lessons from Korean Air’s botched mileage program reform
Korean Air Lines Co. has suspended a plan to revamp its mileage program after it drew harsh criticism from both its customers and government officia...
Feb 21, 2023 (Gmt+09:00)
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Carbon neutrality
Hyundai Dream Tour partners with Air France-KLM for eco-friendly fuel
On Monday, Hyundai Dream Tour, a travel company affiliated with Hyundai Department Store Group, announced a partnership with Air France-KLM to promo...
Feb 21, 2023 (Gmt+09:00)
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Airlines
EU launches antitrust probe on Korean Air-Asiana deal
The European antitrust regulator opened a full-scale probe on the proposed takeover of Asiana Airlines Inc. by Korean Air Lines Co., given concerns ...
Feb 20, 2023 (Gmt+09:00)
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Real estate
Korea's Cha Bio Group to expand overseas real estate business
Cha Bio Group, consisting of Cha Biotech and Cha Vaccine Research Institute as its subsidiaries, has announced its expansion into the real estate in...
Feb 17, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Igaworks partners with Vietnam’s Clever Group to supply data platform
South Korean big data platform company Igaworks said on Thursday it has signed a contract and strategic alliance deal with Vietnam’s largest m...
Feb 17, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Hanwha Group buys HSD Engine for $175.9 million
South Korea's Hanwha Group will acquire ship engine maker HSD Engine in a move to shore up its shipbuilding unit following the conglomerate's takeov...
Feb 17, 2023 (Gmt+09:00)
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Steel
POSCO affiliates mull name changes to represent green push
South Korean steel giant POSCO Group is considering changing the name of some of its affiliates in a move to rebrand them as sustainable materials a...
Feb 16, 2023 (Gmt+09:00)
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Electronics
Samsung develops world's first reusable air filter for harmful gases
Samsung Electronics Co., the South Korean electronics giant, has developed the world’s first filter that can remove both fine dust and harmful...
Feb 16, 2023 (Gmt+09:00)
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Business & Politics
KT Group signs MOUs with Mongolian firms to explore joint opportunities
South Korea's KT Group has signed multiple memorandums of understanding (MOUs) with the Mongolian government and economic delegation to explore pote...
Feb 15, 2023 (Gmt+09:00)
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Leadership & Management
Plain sailing for LS with record earnings under Chairman Koo’s leadership
LS Group’s plan to groom new growth engines from batteries to electric vehicles and semiconductors is set to gain impetus after South Korea&rs...
Feb 15, 2023 (Gmt+09:00)
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Batteries
POSCO ties up with Aussie firm on US EV cell mineral project
South Korea’s POSCO Group has joined hands with an Australian company to work on an electric vehicle battery material project in the US as it ...
Feb 14, 2023 (Gmt+09:00)
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Entertainment
Webtoon starring Netmarble's girl group MAVE coming soon
Netmarble Corp. announced that the webtoon "MAVE: Another World," based on the virtual girl group, will be available on KakaoPage and Kakao Webtoon ...
Feb 14, 2023 (Gmt+09:00)
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Petrochemicals
Lotte Fine Chemical transforms from ugly duckling to golden swan
For Samsung Group, the fine chemicals business was an ugly duckling losing money while other affiliates, including Samsung Electronics Co., were flu...
Feb 13, 2023 (Gmt+09:00)
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Construction
S.Korea's Hoban Group signs agreement with Aramco for cooperation
Hoban Group, South Korea's construction, property development, and manufacturing conglomerate, said Monday that it has signed a memorandum of unders...
Feb 13, 2023 (Gmt+09:00)
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Tech, Media & Telecom
LG U+, Plana jointly research data transmission tech for urban air mobility
South Korea's LG Uplus Corp. and Plana, a domestic startup for urban air transportation (UAM) craft, have signed a business deal on joint research o...
Feb 13, 2023 (Gmt+09:00)
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Shareholder activism
Korea’s Hyundai Dept. Store drops holding company plan
South Korea’s major retailer Hyundai Department Store Group Co. gave up a plan to split off its core high-end shopping mall affiliate and conv...
Feb 10, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor Group ranks first in US vehicle dependability study
Hyundai Motor Group has once again topped the U.S. Vehicle Dependability Study (VDS) conducted by J.D. Power, ranking first among 16 global automoti...
Feb 10, 2023 (Gmt+09:00)
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Electronics
LG makes big B2B push to regain momentum, boost profits: CEO
South Korea’s home appliance giant LG Electronics Inc. is stepping up efforts to enhance its presence in the global business-to-business marke...
Feb 08, 2023 (Gmt+09:00)
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Bio & Pharma
Prestige Bio's Herceptin biosimilar proves equivalence in clinical trials
Prestige Biopharma, a South Korean biopharmaceutical developer, said on Tuesday that the final analysis of phase 3 clinical trial on the anti-cancer...
Feb 08, 2023 (Gmt+09:00)
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Business & Politics
FKI to be more open, future-minded and international as part of reform
South Korea’s major business lobby group the Federation of Korean Industries (FKI) will become a more open and future-oriented business group ...
Feb 08, 2023 (Gmt+09:00)
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Aerospace & Defense
Low-cost carriers in S.Korea returning to profitability
South Korea's low-cost carriers (LCC) Jeju Air Co. and Jin Air in the fourth quarter last year each earned operating profit for the first time since...
Feb 08, 2023 (Gmt+09:00)
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Lotte Group to directly control global real estate unit
Lotte Corp., the fifth-largest conglomerate in South Korea, is poised to strengthen its real estate development unit under the direct control of the...
Feb 07, 2023 (Gmt+09:00)
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Airlines
Jeju Air resumes daily flights to Hanoi, Ho Chi Minh City, Vientiane
South Korea's low-cost carrier Jeju Air Co. said on Monday that it would run daily flights from Korea to Hanoi and Ho Chi Minh City in Vietnam and V...
Feb 07, 2023 (Gmt+09:00)
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Electronics
Samsung, LG Elec target N.American air conditioner market at trade show
Samsung Electronics Co. and LG Electronics Inc. are vying for the North American market for air conditioners with their cutting-edge solutions in th...
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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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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Airlines
Jeju Air to resume flights on Incheon-Shizuoka route in March
Jeju Air Co., a South Korean budget airline, said on Thursday that it would resume its flights connecting Incheon with two small cities in Japan, Ma...
Feb 03, 2023 (Gmt+09:00)
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Bio & Pharma
NGeneBio to launch precision cancer test service in Thailand
South Korean medical diagnostic company NGeneBio Co. has partnered with MP Group, a large consignment testing agency in Thailand, to launch a precis...
Feb 02, 2023 (Gmt+09:00)