One UI 7
Scope
Date
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Economy
Korea inflation at 7-mth low; BOK may slow rate hike pace
South Korea’s headline inflation hit a seven-month low in November as rises in agricultural and petroleum product prices slowed, adding to exp...
Dec 02, 2022 (Gmt+09:00)
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Pension funds
NPS posts 7% investment loss in Q1-Q3 as equities, bonds plunge
National Pension Service (NPS) of South Korea said Tuesday it saw a cumulative loss of 7.1% on investment, or 68 trillion won ($51.3 billion), betwe...
Nov 29, 2022 (Gmt+09:00)
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Bio & Pharma
Celltrion to seek FDA approval for sale of Remsima SC by year-end
Celltrion Inc. said it has confirmed the effectiveness and safety of Remsima SC in its third-phase global clinical trials, conducted on 438 patients...
Nov 28, 2022 (Gmt+09:00)
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Food & Beverage
SK expands sustainable food biz with $7.5 mn US investment
SK Inc., the holding company of South Korea’s No. 2 conglomerate SK Group, has expanded its sustainable food business by investing in a US-bas...
Nov 25, 2022 (Gmt+09:00)
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North Korea
‘The Rebel and the Kingdom’ Review: Rebel With a Righteous Cause
On Feb. 22, 2019, a man calling himself Matthew Chao knocked on the door of the North Korean embassy in Madrid, with a gift for the embassy’s ...
Nov 24, 2022 (Gmt+09:00)
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Economy
One out of six married women in South Korea opts out of workforce: NSO
One out of six married women in South Korea has opted out of the workforce, to take on most of the childrearing burden in the family. Around 1....
Nov 22, 2022 (Gmt+09:00)
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Automobiles
GM Korea to shut one production line to focus on small cars
General Motors Co. plans to shut down a production line in South Korea as the US automaking giant aims to focus on manufacturing small cars in the c...
Nov 22, 2022 (Gmt+09:00)
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Korean startups
One of 4 Korean startups considers moving business abroad
One out of four startups in South Korea is considering moving its business abroad in search of looser regulation. In a survey of 256 startups b...
Nov 21, 2022 (Gmt+09:00)
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Samsung Group
YouGov ranks Samsung Elec. as world's top brand, ahead of Google
Samsung Electronics Co. is the world’s top brand with a score of 127, according to research firm YouGov’s Global Best Brand Rankings for...
Nov 20, 2022 (Gmt+09:00)
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Foreign exchange
Korean exporters suffer FX derivate losses on weak won
More South Korean exporters suffered massive losses from foreign exchange derivatives on a weaker won, failing to benefit from the unit’s depr...
Nov 17, 2022 (Gmt+09:00)
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Mergers & Acquisitions
UK regulator flags concerns over Korean Air-Asiana merger
The British antitrust watchdog raised concerns over the impact on competition of the proposed merger between South Korea’s two largest carrier...
Nov 15, 2022 (Gmt+09:00)
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Food & Beverage
Dongwon F&B to raise price of canned tuna again, this time by 7%
The price of manufactured food has been surging in recent months, beginning with ready-made rice, instant noodles, and snacks. This week...
Nov 11, 2022 (Gmt+09:00)
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Korean startups
Delivery startup VtoV raises $7.2 million from Series A round
South Korean logistics startup VtoV, the operator of optimized delivery service To-Day, raised 9.5 billion won ($7.2 million) from a Series A round....
Nov 11, 2022 (Gmt+09:00)
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Leadership & Management
Samsung Elec's brand value rises to $87.7 billion
Samsung Electronics' brand value has broken the $80 billion mark. Korea's flagship company saw such value grow in double digits for the second ...
Nov 04, 2022 (Gmt+09:00)
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Airlines
Korean Air to introduce new planes, spend $1.7 bn on safety
Korean Air Lines Co., the country’s flag carrier, plans to bring in new airplanes and spend $1.7 billion on safety measures after a recent spa...
Nov 02, 2022 (Gmt+09:00)
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Korean stock market
S.Korea prepares to launch $7.6 bn stock market stabilization fund
South Korea last week completed the process needed to launch a stock market stabilization fund of 10.76 trillion won ($7.6 billion). The timing for ...
Nov 02, 2022 (Gmt+09:00)
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Artificial intelligence
Machine vision technology for faster and more accurate detection of flaws
iCore is a component and module maker in the machine vision industry. It develops technology and manufactures products for imaging-based automatic ins...
Nov 01, 2022 (Gmt+09:00)
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Leadership & Management
Ex-LG Elec purchase head named Starkist CEO
Dongwon Group, a South Korean seafood and logistics conglomerate, announced on Monday that it has appointed Um Jae-woong, LG Electronics Inc.’...
Oct 31, 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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ASK 2022
Korea Post's insurance arm uses buyout, senior debt as core strategies
Korea Post’s insurance bureau will maintain its core-satellite strategy in private equity and debt investments for both stable revenue streams...
Oct 27, 2022 (Gmt+09:00)
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Leadership & Management
CJ Group reshuffles CEOs with woman at helm of Olive Young
South Korea’s CJ Group carried out a CEO and executive reshuffle on Oct. 24 around two months earlier than previous year-end promotions to imp...
Oct 25, 2022 (Gmt+09:00)
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Energy
Korea’s KHNP likely to sign nuclear power plant deal with Poland
Korea Hydro and Nuclear Power Co. (KHNP) is expected to sign an initial agreement to build a nuclear power plant in Poland, separate from a three-wa...
Oct 21, 2022 (Gmt+09:00)
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Korean startups
Edtech Onuii breaking barriers to private tutoring one tablet at a time
In an interview with The Korea Economic Daily, CEO of Onuii Go Yejin said she used to love contemplating a lot of random things since her elementary...
Oct 12, 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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Real estate
Tiger Alternative, Ocean West sell 7 warehouses in US for $1 bn
A consortium led by South Korea’s Tiger Alternative Investors Co. and Los Angeles-based real estate firm Ocean West Capital Partners sold seve...
Sep 30, 2022 (Gmt+09:00)
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Arts
LG Display holds digital art exhibition in London
South Korea’s LG Display Co. is holding a digital art exhibition in London for works created on its organic light-emitting diode (OLED) panels...
Sep 29, 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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Real estate
IGIS Asia, Quadreal to form JV for warehouse development in Korea
IGIS Asia Investment Management Pte., the Singapore-based subsidiary of South Korea’s largest real estate manager IGIS Asset Management, and V...
Sep 28, 2022 (Gmt+09:00)
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Aerospace & Defense
Hyundai Rotem signs defense deal with Norway’s Kongsberg
South Korean arms maker Hyundai Rotem Co. has clinched a strategic partnership with Norway’s Kongsberg Defence & Aerospace AS to jointly d...
Sep 28, 2022 (Gmt+09:00)
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Business & Politics
Japan and South Korea leaders meet one-on-one for first time since 2019
The leaders of Japan and South Korea held their first bilateral meeting in nearly three years, another step toward recovery for frayed ties between tw...
Sep 23, 2022 (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