Paik’s Coffee
Scope
Date
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Economy
S.Korean newly married couples’ birth rate at record low
South Korea’s fertility rate among newly married couples, who account for most of the country’s newborns, hit a trough last year, adding...
Dec 11, 2023 (Gmt+09:00)
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Korean games
Krafton to introduce AI characters in PUBG
South Korea's game developing and publishing giant Krafton Inc. plans to introduce virtual characters using generative AI in the first-person shoote...
Dec 11, 2023 (Gmt+09:00)
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Metaverse
UAE, Korea’s Naver Z join hands for virtual reality tech
South Korea’s Naver Z Corp., the operator of virtual world platform Zepeto, said Monday it will join forces with the United Arab Emirates&rsqu...
Dec 11, 2023 (Gmt+09:00)
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Korean startups
Korea’s Growth Champions 2024 by Statista, Korea Economic Daily
Statista, the world’s leading data and intelligence company, has teamed up with The Korea Economic Daily to identify South Korea’s faste...
Dec 11, 2023 (Gmt+09:00)
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Korea’s Growth Champions 2024 list by Statista, Korea Economic Daily
List of Korea’s Growth Champions 2024 Rank Company Absolute Growth Rate Compound Annual Growth Rate (CAGR) Revenue 2019 Revenu...
Dec 11, 2023 (Gmt+09:00)
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Bio & Pharma
Daewoong exports $92.4 mn Depot injection tech to UAE
South Korea's Daewoong Pharmaceutical announced on Monday that it exported its technology for clinical development and commercialization rights of i...
Dec 11, 2023 (Gmt+09:00)
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Automobiles
LG Uplus, Toyota Motor Korea team up for EV chargning
South Korea's LG Uplus Corp. announced on Monday that it formed a partnership with Toyota Motor Korea to expand electric vehicle (EV) charger infr...
Dec 11, 2023 (Gmt+09:00)
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Automobiles
Hyundai, Kia’s car exports to top 2 mn units for 1st time in 7 years
Hyundai Motor Co. and Kia Corp., South Korea’s two largest automakers, are set to export more than 2 million cars in 2023 for the first time i...
Dec 11, 2023 (Gmt+09:00)
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Bio & Pharma
LegoChem Bio mulls name change after defeat to Lego
South Korean biopharmaceutical company LegoChem Biosciences Inc. is seeking to change its name after it lost in a trademark infringement lawsuit fil...
Dec 08, 2023 (Gmt+09:00)
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Automobiles
New 2024 E-Class soon to arrive in Korea, land of Mercedes-Benz
As with the launch of every new E-Class, the flagship model of luxury German car brand Mercedes-Benz, the phrase “evolution, not revolution&rd...
Dec 08, 2023 (Gmt+09:00)
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Economy
Korean current account surplus at 19-month high on exports recovery
South Korea’s current account surplus hit a 19-month high in October as goods exports reported their first on-year growth in 14 months amid si...
Dec 08, 2023 (Gmt+09:00)
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Automobiles
Hyundai Movex to supply smart logistics for Hankook Tire US plant
South Korea’s Hyundai Movex Co., the logistics automation solutions affiliate of Hyundai Group, secured a $82 million contract to equip Hank...
Dec 08, 2023 (Gmt+09:00)
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Retail
Home&Shopping opens exclusive section in Vietnam K-Market
South Korea's Home&Shopping announced on Friday that it opened its exclusive section in the K-Market in Vietnam. The company aims to support the...
Dec 08, 2023 (Gmt+09:00)
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Food & Beverage
Unwavering whiskey fad in Korea, held up by mass-market spirits
The whiskey hype, which started during the COVID-19 pandemic, shows no sign of receding in South Korea, and the latest craze, mainly driven by affor...
Dec 08, 2023 (Gmt+09:00)
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Korean games
Cookie Run: Kingdom to launch in China on Dec 28
South Korean game developer DevSisters Corp. announced on Friday that its globally popular mobile game “Cookie Run: Kingdom” will offici...
Dec 08, 2023 (Gmt+09:00)
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Batteries
LG, Poland’s ICPT in mega-million-dollar battery module supply deal
South Korea’s LG Energy Solution Ltd. said on Friday it has signed a multiyear deal to supply battery modules to Poland’s Impact Clean P...
Dec 08, 2023 (Gmt+09:00)
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Hydrogen economy
Korea Zinc to up sales to $19 billion by 2033 with green energy
Korea Zinc Inc., South Korea’s and the world’s largest lead and zinc smelter, will accelerate its drive to foster its new growth engines...
Dec 07, 2023 (Gmt+09:00)
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Energy
KOWEPO inks $302 mn financing deal for Oman solar project
Korea Western Power Co. (KOWEPO) said on Thursday it signed a 400 billion won ($301.8 million) financing deal for a solar power generation project i...
Dec 07, 2023 (Gmt+09:00)
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Executive reshuffles
Generational shift in SK leadership with chairman’s cousin on front line
SK Group is setting out for a new era, tapping younger leaders in their 40s and 50s to lead South Korea’s second-largest group in its mission ...
Dec 07, 2023 (Gmt+09:00)
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Automobiles
Kia EV9 selected safest car in Europe
Kia EV9, the flagship large all-electric sport utility vehicle (SUV) of South Korea’s No. 2 automaker Kia Corp., received five stars in the Eu...
Dec 07, 2023 (Gmt+09:00)
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Fashion
Songzio opens pop-up store in Printemps dept. store
Songzio, the South Korean first-generation designer brand, opened a pop-up store at Printemps Haussmann, a prestigious Parisian department store k...
Dec 07, 2023 (Gmt+09:00)
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Automobiles
GM Korea’s exports surpass 10 mn units Jan-Nov 2023
GM Korea Co. said on Thursday its vehicle exports have surpassed 10 million units this year as of the end of November with shipments of 10,082,281 u...
Dec 07, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Naver, PIF-backed JV join hands for Saudi Arabia’s smart cities
South Korean online portal giant Naver Corp. is planning to accelerate Saudi Arabia’s digital transformation in partnership with a tech firm b...
Dec 07, 2023 (Gmt+09:00)
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Beauty & Cosmetics
LG H&H’s sales surges 300% on Qoo10 in 6 months
South Korea’s LG H&H Co. announced on Thursday that its sales in November this year in Megawari, a shopping event organized by Qoo10, th...
Dec 07, 2023 (Gmt+09:00)
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Automobiles
Korea’s small diesel truck ban powers LPG-fueled models
South Korea plans to prohibit small trucks with diesel engines from new registrations next year, increasing sales of liquefied petroleum gas-powered...
Dec 07, 2023 (Gmt+09:00)
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North Korea
Kim Jong Un urges women to be good comrades — and give birth
SEOUL—Kim Jong Un has a new mission for North Korean women: Have more babies.Kim acknowledged the impoverished nation’s plunging bi...
Dec 07, 2023 (Gmt+09:00)
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Bio & Pharma
Celltrion, Cyron to develop multi-specific antibody new drug
South Korea’s biopharmaceutical company Celltrion Inc. announced on Wednesday that it signed a joint research agreement with domestic startup ...
Dec 06, 2023 (Gmt+09:00)
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Executive reshuffles
Lotte Group’s 3rd-generation son comes to the fore
Shin Yoo-yeol, the eldest son of Lotte Group Chairman Shin Dong-Bin, was promoted to lead the group’s new division to be launched within its h...
Dec 06, 2023 (Gmt+09:00)
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Bio & Pharma
GC Biopharma breaks ground on blood product plant in Indonesia
South Korea’s GC Biopharma Corp. broke ground on Wednesday on Indonesia’s first blood product plant through technology transfer.Indonesi...
Dec 06, 2023 (Gmt+09:00)
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Automobiles
Genesis GV60 named best SUV in China
Hyundai Motor Co.'s premium brand Genesis announced on Wednesday that its luxury mid-sized electric sports utility vehicle (SUV) GV60 was selected a...
Dec 06, 2023 (Gmt+09:00)
Latest News
- 1 TheBorn Korea eyes M&As, overseas expansion after planned $73.7 million IPO
- 2 Korea's Hana Bank to promote foreigners as managers in overseas units
- 3 Samsung to unveil 400-layer bonding vertical NAND for AI servers by 2026
- 4 Korean LPs sharpen focus on GPs' post-investment management
- 5 LG Energy Q3 profit more than doubles on higher sales