Samyang Foods Group
Scope
Date
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Private equity
Affinity fails in Lock&Lock tender offer; eyes equity swap
Hong Kong-based Affinity Equity Partners is planning for an equity swap between its new entity and South Korean food container maker Lock&Lock...
Jun 06, 2024 (Gmt+09:00)
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Retail
Shinsegae, CJ to tie up for product delivery, food launch
Retail-focused Shinsegae Group is set to outsource delivery services and logistics management for its e-commerce platforms such as SSG.COM and Gmark...
Jun 05, 2024 (Gmt+09:00)
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Retail
Shinsegae guarantees PE firms’ SSG.COM exit amid delayed IPO
Shinsegae Inc. and its supermarket chain operator E-Mart Inc. will bring in at least one investor by the end of this year to buy shares in SSG.COM f...
Jun 04, 2024 (Gmt+09:00)
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Robotics
Sampyo Group enters automated robotic parking business
South Korea's SP&Mobility, a robotics unit of Sampyo Group, unveiled its MPSystem on Monday, an automated robotic parking system designed to rep...
Jun 04, 2024 (Gmt+09:00)
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Korean food
Daesang to scale up meal kits, kimchi production in Vietnam
Daesang Corp., South Korea’s leading food maker, said on Monday its two Vietnamese operations have each completed their second plant in the co...
Jun 03, 2024 (Gmt+09:00)
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Banking & Finance
Korea’s LS Group to operate brokerage firm LS Securities
South Korean cable-to-energy giant LS Group said on Monday that it has renamed brokerage subsidiary eBest Investment & Securities to LS Securiti...
Jun 03, 2024 (Gmt+09:00)
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IPOs
Celebrity-run food chain operator TheBorn Korea files for IPO review
TheBorn Korea Inc., a leading South Korean food and beverage group operated by TV celebrity and chef Paik Jong-won, has filed for a preliminary revi...
May 30, 2024 (Gmt+09:00)
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Artificial intelligence
Korea Inc.’s AI executives double with LG Group leading the pack
The number of executive-level artificial intelligence (AI) specialists at South Korea’s 30 largest conglomerates has more than doubled in the ...
May 28, 2024 (Gmt+09:00)
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Automobiles
Kia to install LG Electronics’ vehicle webOS in upcoming EV3 SUV
South Korea’s LG Electronics Inc. will supply its automotive web-based operating system webOS to Kia Corp. for the carmaker’s upcoming v...
May 27, 2024 (Gmt+09:00)
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Rights offerings
Kolon to invest additional $9 million in ride-hailing Papa Mobility
South Korea’s Kolon Group plans to invest an additional 12.4 billion won ($9.1 million) in Papa Mobility Co., bringing its total investment in...
May 24, 2024 (Gmt+09:00)
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Korean chipmakers
SK Hynix mulls HBM production in Japan, US
SK Hynix Inc. is investigating the possibility of building a plant for high-bandwidth memory (HBM), vital for generative artificial intelligence, in...
May 24, 2024 (Gmt+09:00)
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IPOs
World’s No.1 magnet wire maker SPSX mulls Korean IPO
Superior Essex Inc. (SPSX), the world’s top magnet wire provider under South Korea’s LS Group, is mulling an initial public offering in ...
May 23, 2024 (Gmt+09:00)
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Electric vehicles
Hyundai Motor, Kia to develop alternative to rare earth materials
Hyundai Motor Co. and Kia Corp. have partnered with South Korea's universities to secure materials for vehicle electrification components.Hyundai Mo...
May 21, 2024 (Gmt+09:00)
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Corporate investment
SK seeks to sell 13.3% stake in Chinese food firm Joyvio
SK Inc., the holding company of South Korea’s second-largest business group SK, is in talks with Joyvio Group to sell its entire 13.3% stake i...
May 20, 2024 (Gmt+09:00)
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Korean stock market
Samyang tops Korean ramen makers by market cap, beating Nongshim
South Korean food maker Samyang Foods Co., globally renowned for its Hot Chicken Flavor Ramen, saw its stock hit a record high on Friday after it de...
May 17, 2024 (Gmt+09:00)
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Electronics
Samsung releases new Bespoke AI Family Hub product
Samsung Electronics Co. announced on Friday the launch of a new "Bespoke AI Family Hub" refrigerator, designed to offer new AI experiences in everyd...
May 17, 2024 (Gmt+09:00)
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Korean food
Lotte Wellfood, Studio Dragon to collaborate on K-contents
South Korea's Lotte Wellfood Co. announced on Friday that it signed a memorandum of understanding (MOU) with K-drama producer Studio Dragon to col...
May 17, 2024 (Gmt+09:00)
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K-pop
NewJeans' Ditto hits 600 mn streams on Spotify
Ditto by K-pop girl group NewJeans has surpassed 600 million streams on Spotify.Spotify, the world's largest music streaming platform, announced on ...
May 17, 2024 (Gmt+09:00)
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Private equity
Affinity extends tender offer for food container maker Lock&Lock
Hong Kong-based Affinity Equity Partners is set to extend its tender offer for South Korean food container maker Lock&Lock Co. shares, as the pr...
May 16, 2024 (Gmt+09:00)
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Earnings
CJ CheilJedang profit beats forecasts on overseas business
South Korean food giant CJ CheilJedang Corp. on Tuesday reported a better-than-expected quarterly profit on healthy overseas businesses and cost cut...
May 14, 2024 (Gmt+09:00)
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Korean food
Ottogi, KTO partner to attract foreign tourists
The Korea Tourism Organization (KTO) announced on Monday that it signed a memorandum of understanding with domestic food company Ottogi to attract f...
May 14, 2024 (Gmt+09:00)
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Corporate governance
Hanmi to fire founder's wife, entering new round of family feud
South Korea’s Hanmi Pharmaceutical Group is set to enter a new chapter of an ongoing family feud less than two months after the founding famil...
May 13, 2024 (Gmt+09:00)
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Automobiles
Hyundai beats Volkswagen with world's 2nd-largest Q1 profits
South Korea's Hyundai Motor Group surpassed Volkswagen Group to claim the second-highest operating profit in the global automotive industry for the ...
May 13, 2024 (Gmt+09:00)
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Korean food
CJ's Bibigo Gimbap enters Australian Woolworths stores
South Korea's food giant CJ CheilJedang Corp. announced on Sunday that it released its Bibigo frozen Gimbap products at Woolworths, Australia's numb...
May 13, 2024 (Gmt+09:00)
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Korean food
Overseas Korean food fans choose soju, bibimbap as favorites
South Korea’s soju and bibimbap are respectively the most popular liquor and food among foreigners, according to survey results released by th...
May 10, 2024 (Gmt+09:00)
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Travel & Leisure
Chinese group tours to Korea poised for strong revival
Chinese group tours to South Korea are showing signs of a rebound, about 10 months since Beijing lifted its bans on Chinese group tours to Seoul las...
May 09, 2024 (Gmt+09:00)
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Logistics
Samsung Welstory completes new Vietnam logistics center
South Korean food and beverage company Samsung Welstory announced on Thursday that it completed a new logistics center with a cold chain system in B...
May 09, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor Group has most IIHS ROP top safety pick cars
Hyundai Motor Group announced on Friday that the Hyundai Motor Co.'s IONIQ 5 achieved the highest rating of "Top Safety Pick Plus" (TSP+) in crash t...
May 03, 2024 (Gmt+09:00)
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Korean food
CJ's Bibigo bolsters sports marketing with PGA tours sponsorship
Scottie Scheffler, a top-ranked American professional golfer, gave a shoutout to food served by CJ CheilJedang Corp. during The CJ Cup golf tourname...
Apr 30, 2024 (Gmt+09:00)
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Energy
Malaysia, OCI’s base set to beat Chinese polysilicon rivals
SARAWAK, Malaysia – OCI Group, South Korea’s leading chemical and green energy conglomerate, is expanding its polysilicon facility in Ma...
Apr 29, 2024 (Gmt+09:00)