Russia’s defense industrial
Scope
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Batteries
LG Energy to invest $451 mn in mass production of Tesla’s 4680 battery cells
LG Energy Solution Ltd. announced Monday it will invest 580 billion won ($451 million) to manufacture battery cells for Austin-based Tesla, Inc.The ...
Jun 13, 2022 (Gmt+09:00)
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Supply chain
Industrial losses balloon as Korean trucker strike enters 7th day
South Korea’s manufacturing sector faces ballooning losses across industries as the trucker strike entered its seventh day on Monday, disrupti...
Jun 13, 2022 (Gmt+09:00)
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Blockchain
South Korean tech juggernauts turn their characters into NFTs
South Korea’s tech behemoths are turning the companies’ characters into non-fungible tokens (NFTs) with the aim of creating an intellect...
Jun 13, 2022 (Gmt+09:00)
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North Korea
North Korea missile tests drawing tougher response from US, South Korea
SEOUL—The U.S. and South Korea are responding to North Korea’s unprecedented number of missile tests this year with a greater show of ...
Jun 13, 2022 (Gmt+09:00)
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Corporate investment
SK Innovation to focus on small reactors, batteries, waste recycling
SK Innovation Co., the refinery and chemicals unit of South Korea’s second-largest conglomerate SK, is accelerating a shift toward eco-friendl...
Jun 13, 2022 (Gmt+09:00)
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Private debt
Korean LPs join Antares Capital’s $3.5 bn credit fund
A few key institutional investors in South Korea are set to commit up to $300 million to a $3.5 billion private credit fund by US private debt man...
Jun 10, 2022 (Gmt+09:00)
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Supply chain
S.Korean trucker strike enters 3rd day, targets Samsung’s supply chain
South Korea’s unionized truckers, on day three of a large-scale strike, have moved to disrupt the supply of materials needed to manufacture se...
Jun 09, 2022 (Gmt+09:00)
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Mergers & Acquisitions
McDonald’s to sell Korea operation, heating up burger M&As
McDonald’s Corp., the world’s top fast-food restaurant operator, is seeking to sell its South Korean business, heating up the mergers an...
Jun 09, 2022 (Gmt+09:00)
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Electronics
LG Elec CEO pledges cross-industry design innovation
MILAN, Italy – South Korea’s LG Electronics Inc. will focus on upgrading its home appliance designs to reflect the latest design trends ...
Jun 09, 2022 (Gmt+09:00)
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Korean chipmakers
SK Hynix to supply industry’s best-performing DRAM to Nvidia
SK Hynix Inc., the world’s second-largest memory chipmaker, is set to supply the industry’s best-performing DRAM to US graphic chipmaker...
Jun 09, 2022 (Gmt+09:00)
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Automobiles
Startup tapped to lead S.Korea’s autonomous car security project
South Korea has embarked on a public-private project to bolster communication security for autonomous driving, for which a domestic startup will pla...
Jun 09, 2022 (Gmt+09:00)
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Webtoons
Korea's small webtoon platforms eye global adult markets
South Korea’s smaller webtoon platforms are targeting the world’s digital adult comics market, in which industry leaders Naver Corp. and...
Jun 08, 2022 (Gmt+09:00)
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Mergers & Acquisitions
LS Electric acquires Nokia’s power facility asset analysis platform
LS Electric announced Wednesday it has acquired Nokia’s power facility asset analysis platform. The power solutions arm of South Korea&rs...
Jun 08, 2022 (Gmt+09:00)
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Private equity
S.Korea’s PE fundraising may fall after two-year growth
The National Pension Service will reduce the amount of its new capital commitment to domestic private equity firms by 17% to 500 billion won ($400 m...
Jun 08, 2022 (Gmt+09:00)
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Metaverse
Kakao to focus on interest-based platform for global market
South Korea’s online platform giant Kakao Corp. plans to shift its focus to an interest-based platform from its existing acquaintance-based me...
Jun 08, 2022 (Gmt+09:00)
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Electronics
Samsung aims to replicate Galaxy success with Bespoke home appliances
Samsung Electronics Co. aims to replicate the success of its Galaxy series of smartphones with other home appliances sold under its premium Bespoke ...
Jun 08, 2022 (Gmt+09:00)
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Korean startups
Ex-footballer’s startup QMIT raises $2.4 mn in Series A
QMIT Inc., the operator of athlete management platform plco, announced Tuesday that it raised 3 billion won ($2.4 million) in Series A round funding...
Jun 07, 2022 (Gmt+09:00)
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Bio & Pharma
Samsung Biologics signs $81 mn CMO deal with Novartis
South Korea’s Samsung Biologics Co. has inked an $81 million contract manufacturing deal with Novartis, the world’s fifth-largest pharma...
Jun 07, 2022 (Gmt+09:00)
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Mergers & Acquisitions
F&B giant SPC Group acquires Lina’s to ramp up global expansion
South Korea’s food and beverage conglomerate SPC Group announced Tuesday it has acquired French casual coffee chain Lina’s Déve...
Jun 07, 2022 (Gmt+09:00)
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Entertainment
BTS' Army, Blackpink's Blink power Korea fandom platforms
Army of BTS, Blink of Blackpink and other global fan clubs of the world’s K-pop stars are strengthening the fan engagement platform business o...
Jun 07, 2022 (Gmt+09:00)
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Energy
Hyundai Engineering, USNC to build micro reactor in Canada
Hyundai Engineering Co., the plant engineering and construction unit of South Korea’s Hyundai Motor Group, and Ultra Safe Nuclear Corp. (USNC)...
Jun 07, 2022 (Gmt+09:00)
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Construction
Korea’s DL E&C suffers from Russian war, chairman-related risk
DL E&C Co., a South Korean offshore plant and construction company, is suffering from its suspended projects in Russia, one of its key overseas ...
Jun 06, 2022 (Gmt+09:00)
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Retail
Costco enters dawn delivery service market in S.Korea
Costco Wholesale Corp, a big-box retail giant, has begun dawn delivery services in South Korea as e-commerce is becoming the norm in the nation's gr...
Jun 05, 2022 (Gmt+09:00)
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Bio & Pharma
Hugel accelerates European botox sales with Poland's approval
Hugel Inc., South Korea’s largest maker of botulinum toxin products used to treat overactive muscles and facial wrinkles, has won sales approv...
Jun 03, 2022 (Gmt+09:00)
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Arts
LG to sponsor Guggenheim’s move for tech-based art
LG Group, South Korea’s No. 4 conglomerate, is set to support the Guggenheim’s move for technology-based art as the consumer electronics...
Jun 03, 2022 (Gmt+09:00)
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Future mobility
Why Samsung didn't join race for S.Korea's air taxi project
Samsung, a name seen everywhere in South Korea from apartment complexes to home appliances, is missing on the list of bidders for the country’...
Jun 02, 2022 (Gmt+09:00)
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Pre-IPOs
Lemon Healthcare aims for IPO and triple jump in revenue
Imagine making a doctor’s appointment with a click of a button on a smartphone app. Once at the clinic or hospital, the app will guide the use...
Jun 02, 2022 (Gmt+09:00)
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Korean startups
Startup ministry taps 60 future unicorns for $240,000 assistance
The Ministry of SMEs and Startups announced Wednesday it has selected 60 promising startups to which it will provide financial assistance and expert...
Jun 02, 2022 (Gmt+09:00)
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Bio & Pharma
Medipost acquires Canada’s OmniaBio for CDMO business
Medipost Co., a South Korean biotechnology company, has acquired a 39.6% stake in OmniaBio Inc., a Canada-based cell and gene therapy contract devel...
May 31, 2022 (Gmt+09:00)
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Robotics
Hyundai Robotics, Vodafone to provide service robots in Germany
South Korean robotics firm Hyundai Robotics Co. announced it signed a letter of intent for a business partnership with global telecommunications gia...
May 31, 2022 (Gmt+09:00)
Latest News
- 1 Hyundai's accumulated production reaches 100 mn units
- 2 Korea Investment lowers price target for Samsung Electro-Mechanics
- 3 Samsung Galaxy AI phones surpass 20 mn units in S. Korea
- 4 LG to invest $762 mn in webOS to transform into platform-based tech giant
- 5 S.Korea to offer incentives to attract foreign scientists