New Year’s speech
Scope
Date
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Healthcare
South Korea passes new law making everyone a little younger
SEOUL—As the rest of the world ages, South Koreans are getting younger.South Korea’s parliament passed laws Thursday abolishing the trad...
Dec 12, 2022 (Gmt+09:00)
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Advertising & Marketing
Samsung Galaxy tops list of South Korea's 100 brands
Samsung Electronics Co.’s Galaxy smartphones retained the first place in South Korea’s top-100 brand list for 12 consecutive years, Bran...
Dec 12, 2022 (Gmt+09:00)
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Batteries
S.Korean battery sector scrambles for talented manpower
South Korea’s battery industry has suffered from a talent shortage, especially in the research and development, design as well as process sect...
Dec 11, 2022 (Gmt+09:00)
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Bio & Pharma
New drug developer Onconic Therapeutics raises $20 mn in Series B
South Korean drug developer Onconic Therapeutics, announced on Friday that it raised 26 billion won ($19.9 million) in Series B funding, with cumula...
Dec 09, 2022 (Gmt+09:00)
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Bio & Pharma
Boryung holds Care-in-Space Challenge in US for space healthcare startups
South Korea's pharmaceutical company Boryeong said on Friday that it held the first "Care-in-Space Challenge" event, a new space healthcare startup ...
Dec 09, 2022 (Gmt+09:00)
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Automobiles
Hyundai Motor signs MOU with OECD's International Transport Forum
Hyundai Motor Co. joined hands with the International Transport Forum under the Organization for Economic Cooperation and Development to strengthen ...
Dec 09, 2022 (Gmt+09:00)
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Electric vehicles
IONIQ 5 named Japan's Import Car of the Year for 2022-2023
Hyundai Motor Co. on Friday said its electric-powered sport-utility vehicle (SUV) IONIQ 5 was named Japan's Import Car of the Year for 2022-23 by th...
Dec 09, 2022 (Gmt+09:00)
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Korean food
Sulbing opens 1st US store in California in March next year
South Korean dessert café Sulbing said on Friday that it signed a new master franchise contract to declare its entry into the US market and a...
Dec 09, 2022 (Gmt+09:00)
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Energy
LS Cable inks $159 mn Taiwan submarine cable supply contract
LS Cable & System Ltd., South Korea’s top wire and cable producer, signed a formal contract worth 150 million euros ($159 million) to supp...
Dec 09, 2022 (Gmt+09:00)
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Fintech
Jobis&Villains selected as beneficiary of UK venture support program GEP
South Korea's Jobis & Villains Corp., which operates the tax return service "3o3," announced on Thursday that it has been officially registered ...
Dec 09, 2022 (Gmt+09:00)
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Supply chain
KITA sees exponential jump in demand for key minerals within 20 years
Amid the global supply chain crisis and growing trade protectionism by major economies, a study by a major trade body in South Korea says the nation...
Dec 09, 2022 (Gmt+09:00)
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Korean startups
Art tech platform Tessa attracts strategic investment from Kyobo Securities
The art tech platform Tessa said on Thursday that it has succeeded in attracting strategic investment from Kyobo Securities Co. The amount of invest...
Dec 08, 2022 (Gmt+09:00)
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Bio & Pharma
PCL’s diagnostic kit measures concentration of COVID-19 antibodies
PCL Inc., a South Korean in vitro diagnostics device maker, plans to bring two test kits – one that simultaneously detects COVID-19 and influenza infe...
Dec 08, 2022 (Gmt+09:00)
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Logistics
Doosan Logistics clinches deal to build Daiso's new hub center
South Korean system integrator Doosan Logistics Solution (DLS) has won a deal to build a new distribution center at 75 billion won ( $57 million)....
Dec 08, 2022 (Gmt+09:00)
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Retail
Cafe24 signs agreement with CJ Logistics for fulfillment service
South Korea's e-commerce platform Cafe24 said Thursday that it has signed an agreement with CJ Logistics to provide fulfillment services to online s...
Dec 08, 2022 (Gmt+09:00)
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Food & Beverage
S.Korea's fast-food chain Lotteria opens 3rd store in Mongolia
Lotte GRS, the food affiliate of Lotte Group, said on Thursday that it opened its third Lotteria restaurant in Ulaanbaatar, Mongolia, last Friday.Lo...
Dec 08, 2022 (Gmt+09:00)
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Automobiles
Hyundai Motor sells hydrogen-powered truck Xcient in S.Korea
Hyundai Motor Co. on Thursday said it launched sales of its hydrogen-powered fuel cell truck Xcient Fuel Cell in South Korea.The model is the worl...
Dec 08, 2022 (Gmt+09:00)
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Korean SMEs
Home&Shopping partners with K-Market to explore opportunities in Vietnam
Home & Shopping, South Korea's home shopping channel specializing in products of small- and medium-sized enterprises (SMEs), announced on Th...
Dec 08, 2022 (Gmt+09:00)
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Arts
Lotte Department Store hosts Alfie Caine's first solo exhibition in Asia
Lotte Department Store on Wednesday said it will hold the first solo exhibition in Asia by Alfie Caine, a British artist who is emerging as a star o...
Dec 08, 2022 (Gmt+09:00)
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Logistics
Coupang to invest $4.7 billion in supply chains in Korea over 12 years
South Korea's e-commerce giant Coupang has briefed US Ambassador to Seoul Philip Goldberg at the company's fulfillment center in Daegu, a fa...
Dec 08, 2022 (Gmt+09:00)
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Electronics
Microdisplays poised to emerge in growing XR market
The slowly growing extended reality (XR) market next year is expected to explode as global big tech companies get ready to launch augmented (AR) and v...
Dec 08, 2022 (Gmt+09:00)
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Private equity
IMM, Lotte to inject another $76 mn in Hanssem at default risk
South Korea’s IMM Private Equity and Lotte Group are set to inject additional 100 billion won ($75.6 million) in Kosdaq-listed Hanssem Co., th...
Dec 07, 2022 (Gmt+09:00)
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Korean startups
Korean hospitality startup Jienem enters Vietnam with local partners
Guesthouse accommodation service provider Jienem is revving up to enter the Vietnamese market.The South Korean startup announced Wednesday that it s...
Dec 07, 2022 (Gmt+09:00)
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Aerospace & Defense
Hyundai Rotem delivers first batch of K2 tanks to Poland in $3.4 bn deal
Hyundai Rotem Co., a South Korean defense equipment maker, said on Wednesday it has delivered the first batch of its battle tanks to Poland as part ...
Dec 07, 2022 (Gmt+09:00)
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Electronics
LG Electronics' OLED evo touted as Best TV of the Year
LG Electronics Inc.' OLED Evo has been touted as "The Best TV of the Year" by several global media outlets.According to company sources on Wednesday...
Dec 07, 2022 (Gmt+09:00)
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AgTech
S.Korea sends dairy cows, livestock genetic resources to Nepal
The South Korean government is donating dairy cows and genetic resources for cattle to Nepal.The Ministry of Agriculture, Food and Rural Affairs on ...
Dec 07, 2022 (Gmt+09:00)
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Chemical Industry
S.Korea develops carbon composite materials as its 2nd steel industry
The South Korean government will invest 185 billion won ($139.6 million) by 2030 in the development of technology for carbon composite materials, wh...
Dec 07, 2022 (Gmt+09:00)
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Samsung Group
Samsung’s Lee visits UAE nuclear plant project on first trip as chairman
Samsung Group leader Jay Y. Lee is in Abu Dhabi to meet with businesspeople and politicians and tour the Barakah nuclear power plant project in the ...
Dec 07, 2022 (Gmt+09:00)
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Venture capital
Daol Financial Group to let go of VC affiliate, hit by liquidity crunch
The Daol Financial Group is widely expected to let go of its venture capital arm in the midst of a worsening liquidity crunch. The VC firm Daol...
Dec 06, 2022 (Gmt+09:00)
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Culture & Trends
Blackpink named Entertainer of the Year by Time Magazine
Group Blackpink was selected as "2022 Entertainer of the Year" by TIME, a US weekly magazine. The magazine released a list of the most influential p...
Dec 06, 2022 (Gmt+09:00)
Latest News
- 1 Hyundai, Kia’s H1 vehicle sales in Singapore double, aided by HMGICS
- 2 Korea’s reshoring companies pale amid lack of support, incentives, tax breaks
- 3 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 4 AI startup MarqVision raises $16.5 mn to close Series A
- 5 Taihan Cable wins $630 mn power grid project in Singapore