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Corporate strategy
LG Group accelerates shift toward AI, bio and clean tech
Artificial intelligence, bio and clean tech are in their early stages of development for LG Group, but they should lead the South Korean conglomerat...
Aug 24, 2023 (Gmt+09:00)
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Corporate restructuring
LG Chem to sell film factories amid shift to new growth drivers
LG Chem Ltd., South Korea’s chemical major, is seeking to sell its film factories at home amid accelerating business reorganization centered a...
Aug 23, 2023 (Gmt+09:00)
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Mergers & Acquisitions
SKC acquires 45% stake in chip test firm ISC for $400 million
SKC Ltd., a South Korean chemical materials company, said on Friday it has acquired a 45% stake in semiconductor test equipment maker ISC Co., for 5...
Jul 07, 2023 (Gmt+09:00)
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Travel & Leisure
Jeju Shinhwa World to spend $760 mn to restore vigor
South Korea’s largest resort complex Jeju Shinhwa World, located in the country’s top tourist destination, is preparing to restore its v...
Jun 29, 2023 (Gmt+09:00)
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Foreign exchange
Yen breaches key level vs Korean won to hit 8-year low
The Japanese yen on Monday extended losses against the South Korean won to touch an eight-year low, briefly breaching a psychological support line a...
Jun 19, 2023 (Gmt+09:00)
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Artificial intelligence
S.Korea's Shift Up scouts former OpenAI engineer
South Korea's game develop and design studio Shift Up has hired AI developer Kim Tae-hoon, who hails from Silicon Valley, to enhance its game artifi...
May 26, 2023 (Gmt+09:00)
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Airlines
Jeju Air CEO sees Korea-Indonesia routes as blue ocean
South Korea’s largest low-cost carrier (LCC) Jeju Air Co. will make the most of the post-pandemic recovery in travel demand by exploring South...
May 23, 2023 (Gmt+09:00)
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Fiber & Textile
S.Korean fashion company LF diversifies portfolio with new brand Patou
In a move to expand its range of offerings, South Korean fashion company LF Corp. has introduced a new emerging brand, Patou. As the preferences of ...
Mar 28, 2023 (Gmt+09:00)
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Executive reshuffles
Hanwha accelerates generational shift with promotion of second son
South Korea’s chemicals-to-defense conglomerate Hanwha Group is accelerating its generational power shift by promoting the group chairman&rsqu...
Feb 14, 2023 (Gmt+09:00)
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Electronics
Samsung to drop A7 model as focus shifts to premium smartphones
Samsung Electronics Co. is unlikely to release an A7 model this year as the South Korean tech giant is shifting its business focus to premium and lo...
Jan 24, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Orchestra PE acquires KFC Korea for about $50 mn
Asia-focused Orchestra Private Equity agreed on Wednesday to buy a 100% stake in the South Korean operations of fast food chain KFC for around 60 bi...
Jan 12, 2023 (Gmt+09:00)
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Executive reshuffles
Hyundai becomes younger with 1 in 3 new executives in their 40s
South Korea’s Hyundai Motor Group, which owns Hyundai Motor Co. and Kia Corp., has carried out a year-end mid-tier executive reshuffle marked ...
Dec 20, 2022 (Gmt+09:00)
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Korean games
Game design and development studio SHIFT UP eyes IPO
SHIFT UP Corp., known for its subculture games, is eyeing an initial public offering (IPO.) The game design and development studio confirmed th...
Nov 14, 2022 (Gmt+09:00)
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Korean chipmakers
Samsung fast-forwards digital transformation of its chip business
South Korea's Samsung Electronics Co., the world’s largest memory chipmaker, is accelerating its digital shift to better respond to the changi...
Nov 07, 2022 (Gmt+09:00)
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Automobiles
Hyundai to shift gear toward software-centric cars from 2023
Hyundai Motor Group will introduce software-defined vehicles (SDVs) that receive wireless software updates for models to be released from next year,...
Oct 12, 2022 (Gmt+09:00)
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Mergers & Acquisitions
IMM seeks to sell off low-cost cosmetics brand Missha
IMM Private Equity is trying to sell off the management rights of Able C&C, the parent of Korea’s first-generation low-priced cosmetics br...
Sep 16, 2022 (Gmt+09:00)
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ESG
Samsung goes green as it eyes clean tech supremacy across supply chain
Samsung Electronics Co., the world’s largest smartphone and memory chipmaker, said on Thursday it is aiming to power its entire operations wit...
Sep 15, 2022 (Gmt+09:00)
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Corporate investment
Korea Zinc to invest $7.5 billion in green hydrogen, battery materials
Korea Zinc Co., the world’s largest lead and zinc smelter, plans to spend 9.74 trillion won ($7.5 billion) in renewable energy, green hydrogen...
Aug 09, 2022 (Gmt+09:00)
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Korean startups
Five startups join the ranks of unicorns in the first half of this year
Five South Korean startups joined the ranks of unicorns in the first half of 2022, the largest such figure for six months. With that, the total...
Jul 22, 2022 (Gmt+09:00)
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Automobiles
Hyundai Motor, battery firms strive to limit China lockdown disruptions
The growing fears of a Beijing lockdown are prompting South Korea’s top automaker Hyundai Motor Co. and battery makers, already suffering from...
May 02, 2022 (Gmt+09:00)
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Corporate restructuring
Dongwon Industries becomes new holding firm of seafood conglomerate
Dongwon Group, South Korea’s leading seafood and logistics conglomerate, will undergo corporate restructuring with Dongwon Industries Co. emer...
Apr 08, 2022 (Gmt+09:00)
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Venture Capital
Mobile POS maker Payhere receives $84.2 mn in Series A funding
Mobile point-of-sale (POS) system maker Payhere Inc. announced Tuesday it received 10 billion won ($8.4 million) in Series A funding from Softbank V...
Dec 28, 2021 (Gmt+09:00)
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Korean chipmakers
Energy-saving chips emerge as new battleground
Environmental, social and governance (ESG) requirements are expected to drive high-performance chip demand higher, in particular from data center op...
Dec 20, 2021 (Gmt+09:00)
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Advertising & Marketing
Cosmetics brands shift to video influencers from celebrities
As influencers on YouTube and social media platforms are becoming central to the marketing efforts of companies, South Korean cosmetics brands...
Dec 03, 2021 (Gmt+09:00)
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Venture capital
Travel startups draw new funds amid digital transformation
As South Korea loosened social distancing measures for a gradual return to normal life this week, investors are rekindling their interest in travel ...
Nov 05, 2021 (Gmt+09:00)
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Korean chipmakers
Uncertainty clouds Samsung as paradigm shifts toward profitability
Samsung Electronics Co.’s third-quarter earnings report on Thursday was almost perfect but for one thing. The world’s top memory maker s...
Oct 28, 2021 (Gmt+09:00)
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EV Batteries
Tesla’s shift to LFP cells to shake global battery industry
Tesla Inc.’s shift to less expensive batteries for its electric vehicles is expected to shake the global battery industry.The world’s to...
Oct 22, 2021 (Gmt+09:00)
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Batteries
LG Energy, Stellantis to launch $3.4 billion EV battery JV in US
South Korea’s LG Energy Solution Ltd. and multinational automaker Stellantis N.V. are launching a 4 trillion won ($3.4 billion) joint venture ...
Oct 18, 2021 (Gmt+09:00)
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Murata Manufacturing CEO
Japan's Murata redefines customers in game-changing era
KYOTO, Japan - Murata Manufacturing Co., the world's No. 1 producer of multilayer ceramic capacitors (MLCCs) and other electronic components, will e...
Oct 08, 2021 (Gmt+09:00)
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Hydrogen economy
Korea Zinc expands from smelter to hydrogen, battery materials maker
Korea Zinc Co., the world’s largest lead and zinc smelter, plans to add a couple of new sectors to the list of its new growth drivers: green h...
Sep 27, 2021 (Gmt+09:00)
language
Latest News
- 1 Apparel maker Hansae sets sights on auto parts business as new growth driver
- 2 Hyundai, Kia production may be disrupted by subsidiary’s labor strike
- 3 UCK Partners suggests Korean-style approach for buyout deals
- 4 Hankook Tire supplies tires to BMW
- 5 HD Hyundai to build int'l standards for carbon emissions