North American Utility Vehicle of the Year
Scope
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Earnings
SK Hynix sees robust chip demand for rest of year after strong Q2 sales
SK Hynix Inc., the world’s second-largest memory chipmaker, on Tuesday posted its highest quarterly profit and sales in nearly three years on ...
Jul 27, 2021 (Gmt+09:00)
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IPOs
Hyundai Samho’s IPO faces hurdle on steel prices, baffling IMM PE
Back in the early 2010s, Hyundai Samho Heavy Industries Co. was a strong shipbuilder earning 800 billion won ($696 million) a year on sales of 4.8 t...
Jul 27, 2021 (Gmt+09:00)
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Aerospace & Defense
Oshkosh-Hanwha consortium named bidder for design of US Army vehicle
A consortium led by Oshkosh Defense and Hanwha Defense Co. has been named a contender for the design of a US Army war vehicle that will replace...
Jul 27, 2021 (Gmt+09:00)
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Advertising & Marketing
Hyundai-sponsored archers reign supreme with 9th-straight gold in Tokyo
Chung Euisun, Hyundai Motor Group Chairman and chair of the Korea Archery Association (KAA), was captured on TV July 25, watching the women’s ...
Jul 26, 2021 (Gmt+09:00)
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Aerospace & Defense
Hanwha Defense chosen as contender for design of US Army war vehicle
Hanwha Defense Co. has been named a contender for the design of a US Army war vehicle that will replace around 3,500 M2 Bradley vehicles that have b...
Jul 26, 2021 (Gmt+09:00)
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Real estate
Korean housing prices soar to $5 tn in Moon admin with record growth
South Korean house prices have risen more during the President Moon Jae-in administration than any other as the current government has focused more ...
Jul 23, 2021 (Gmt+09:00)
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Biotech
IMB Dx eyes platform to detect stage 1 cancer with single draw of blood
IMB Dx Inc., a South Korean biotechnology startup focusing on diagnostic devices, plans to develop a platform that can detect early-stage cancer wit...
Jul 22, 2021 (Gmt+09:00)
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Korean startups
4by4's AI solution for high-def video content lures metaverse players
Displays are everywhere – refrigerators, automobiles, and even robots. And this display boom has sparked a fresh opportunity for 4by4 Inc., a ...
Jul 21, 2021 (Gmt+09:00)
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Future Mobility
Hyundai Mobis targets in-vehicle healthcare with brainwave technology
South Korea’s top auto parts maker Hyundai Mobis has developed a new brainwave detection technology that monitors a driver's physical and psyc...
Jul 21, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Samsung looks to acquire bio company, reviews botox maker Hugel
Samsung Group is looking to buy a biopharmaceutical company as the top South Korean business conglomerate is resuming merger and acquisition activit...
Jul 20, 2021 (Gmt+09:00)
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Korean games
Nintendo Korea logs record-high revenue despite boycott of Japanese goods
Japanese video game giant Nintendo Co. posted an all-time high revenue in South Korea last year despite consumers boycotting Japanese products. The ...
Jul 20, 2021 (Gmt+09:00)
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M&As
Fried chicken chain BHC set to acquire Outback Steakhouse Korea
South Korea’s second-largest fried chicken brand BHC Group has been named the preferred negotiator to acquire a 100% stake in the Korean opera...
Jul 20, 2021 (Gmt+09:00)
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Covid-19 treatment
Indonesia grants emergency use approval for Celltrion’s COVID-19 treatment
South Korean drugmaker Celltrion Inc. has received the Indonesian government’s permission for restricted use of its COVID-19 treatment Regkiro...
Jul 20, 2021 (Gmt+09:00)
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Korean chipmakers
LG Innotek’s substrate business becomes a cash cow
Korea’s leading camera module maker LG Innotek Co. is projected to post record earnings this year thanks to its fast-growing integrated circui...
Jul 19, 2021 (Gmt+09:00)
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Blockchain
Samsung Next ramps up investment in NFT ventures
Samsung Electronics Co. is betting big on non-fungible token (NFT) companies through its venture capital unit Samsung Next, headquartered in Mountai...
Jul 14, 2021 (Gmt+09:00)
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Food & Beverage
Nongshim to launch Shin Ramyun fried noodles
South Korea’s top instant noodle maker Nongshim Co. is adding another product range under its world-famous Shin Ramyun brand: fried noodles. N...
Jul 13, 2021 (Gmt+09:00)
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Private equity
Baring PEA exits from Korean delivery firm in eight years
Baring Private Equity Asia has finally cashed out of South Korea's No. 5 parcel delivery company with a double-digit return, in eight years since it...
Jul 09, 2021 (Gmt+09:00)
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Earnings
POSCO returns from pandemic blues with record quarterly profit
South Korea’s largest steelmaker POSCO is emerging stronger from the pandemic-caused economic slowdown, with a record quarterly profit on robu...
Jul 09, 2021 (Gmt+09:00)
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Earnings
LG Electronics flags highest Q2 operating profit in 12 years
LG Electronics Inc. on Wednesday reported a likely 66% jump in its second-quarter operating profit on the back of strong pent-up demand for home app...
Jul 07, 2021 (Gmt+09:00)
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Robotics
Koh Young’s medical robot KYMERO expands foothold in Korean hospitals
Koh Young Technology Inc., Korea’s leading maker of 3D optical inspection devices used in electronics manufacturing, has further strengthened ...
Jul 07, 2021 (Gmt+09:00)
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Earnings
Samsung Elec's Q2 operating profit beats forecast on strong chip business
Samsung Electronics Co. said its operating profit in the second quarter likely surged more than 50%, beating market expectations, thanks to its heal...
Jul 07, 2021 (Gmt+09:00)
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ESG
Hyundai Motor releases 2021 sustainability report with profitability focus
Hyundai Motor Co. will focus on ramping up global sales of high-profit vehicles such as its SUVs and Genesis models, according to its annual sustain...
Jul 06, 2021 (Gmt+09:00)
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Entertainment
Netflix joins hands with Dexter Studios for visual, sound effects
Netflix Inc. has entered into a two-year partnership with South Korea's leading post-production studio which creates digital images and mixes sound ...
Jul 06, 2021 (Gmt+09:00)
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Petrochemicals
Lotte Chemical to double LPG use as petchem makers diversify feedstock
South Korean Lotte Chemical Corp. plans to double liquefied petroleum gas (LPG) use for ethylene production by next year as the domestic industry ru...
Jul 06, 2021 (Gmt+09:00)
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Electronics
Coway keeps No.1 spot in Malaysia’s water purifier market for 10 years
South Korea’s home appliance rental service provider Coway Co. has maintained the top position in Malaysia’s water purifier rental marke...
Jul 01, 2021 (Gmt+09:00)
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Cloud computing
Edge computing revolution to fuel Korea’s growth over the next decade
Korea’s leading firms across multiple industries, from consumer electronics to agricultural equipment, are widening the use of edge computing ...
Jun 30, 2021 (Gmt+09:00)
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Arts
Korea’s art sales set for triple-digit growth in 2021
South Korea’s art market is projected to double or even triple in size this year, thanks to the widening of the customer base across all gener...
Jun 29, 2021 (Gmt+09:00)
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Aerospace & Defense
Hanwha to make satellite thrusters with Korea's aerospace institute
Hanwha Corp. will develop the bipropellant thruster, a key component for adjusting the satellite’s position in orbit, together with Korea Aero...
Jun 28, 2021 (Gmt+09:00)
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Artificial intelligence
NH Financial to buy $20 mn stake in Japan's solar farm
South Korea's NongHyup Financial Group, or NH Financial Group, has acquired a stake in a solar power plant in Japan from Korea Electric Power Corp. ...
Jun 28, 2021 (Gmt+09:00)
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Tobacco
KT&G expands global foothold with 4,700 e-cigarette IP rights
The world’s fifth-largest tobacco maker KT&G Corporation is rapidly widening the global reach of its e-cigarette products, which have beco...
Jun 25, 2021 (Gmt+09:00)
Latest News
- 1 Korea’s reshoring companies pale amid lack of support, incentives, tax breaks
- 2 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 3 AI startup MarqVision raises $16.5 mn to close Series A
- 4 Taihan Cable wins $630 mn power grid project in Singapore
- 5 Korean startup scene is gloomy, say 2 out of 5 startup CEOs