Sustainability Management Report
Scope
Date
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Airlines
Korean Air-Asiana merger hits roadblock in US, Europe
The proposed merger between South Korea’s two largest airlines hit a roadblock in the West as a media outlet reported that the US government i...
May 19, 2023 (Gmt+09:00)
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Economy
1% reduction in working-age population reduces GDP by 0.59%: report
A study has revealed that a decrease in the working-age population due to low birth rates and an aging population, coupled with an increase in the d...
May 18, 2023 (Gmt+09:00)
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Bio & Pharma
NKMax submits US subsidiary's securities report to SEC
The listing in the US of NKGen Biotech, the American subsidiary of South Korean developer of natural killer (NK) cell therapy NKMax Co., is coming i...
May 17, 2023 (Gmt+09:00)
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Energy
Samsung Engineering, OMV sign agreement for modular project
South Korea's Samsung Engineering has partnered with global integrated energy company OMV for project collaboration. Samsung Engineering announced T...
May 16, 2023 (Gmt+09:00)
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Corporate strategy
Apple, Samsung in distinct cash management styles
The world’s two leading smartphone makers Apple Inc. and Samsung Electronics Co. employ different management strategies for their surplus mone...
May 15, 2023 (Gmt+09:00)
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Electronics
LG Elec’s home appliance selected as most reliable brand in US
South Korea's LG Electronics Inc. has been named the most reliable appliance brand by American consumers.According to Consumer Reports, a leading ...
May 15, 2023 (Gmt+09:00)
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Bio & Pharma
InBody to release big data-based health management solutions
South Korea's InBody Co., the global leader in analytic devices for body composition, is entering the health management solution field in 2023.Usi...
May 15, 2023 (Gmt+09:00)
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Aerospace & Defense
Hanwha Systems wins $34.5 mn CMS order from Philippine Navy
South Korea's Hanwha Systems Co. revealed on Friday its bid to provide its domestically developed combat management system (CMS) to six 2,400-t...
May 12, 2023 (Gmt+09:00)
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Supply chain
Samsung SDS, Emro, US-based o9 Solutions to collaborate on SaaS
South Korea's Samsung SDS Co. announced on Thursday that it has entered into strategic partnerships with o9 Solutions, a leading supply chain platfo...
May 11, 2023 (Gmt+09:00)
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Earnings
Coupang reports third profitable quarter in a row
South Korea’s Coupang Inc. on Wednesday reported three quarters of consecutive profits, calming investors' concerns about its cumulative ...
May 10, 2023 (Gmt+09:00)
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Economy
S.Korea to see 240K drop in number of manufacturing workers by 2032
The number of workers in South Korea's manufacturing sector is expected to drop by 240,000 over the next 10 years, a report says, caused by the decl...
May 10, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Celltrion drops bid to acquire Baxter’s biopharm unit
Celltrion Inc. announced on Tuesday it has decided not to pursue the acquisition of the biopharmaceutical unit of U.S. medical device maker Baxter I...
May 09, 2023 (Gmt+09:00)
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ASK 2023
Alternative investment forum ASK 2023 to kick off May 17 in Seoul
South Korean institutional investors, including the world’s third-largest pension fund National Pension Service (NPS), and global asset manage...
May 04, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Samsung unveils new Galaxy Watch OS with enhanced sleep management
Samsung Electronics Co. revealed on Thursday its new operating system, One UI Watch 5, for its Galaxy Watch series. The updated OS includes improved...
May 04, 2023 (Gmt+09:00)
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Korean stock market
Defense, healthcare lure global funds in dull market
Defense, healthcare and semiconductor materials companies have been the main investment targets of global funds such as Fidelity and Morgan Stanley ...
May 04, 2023 (Gmt+09:00)
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Corporate governance
Hyosung’s sibling feud continues with second son in court on trial
It all began in July 2014 when Cho Hyun-joon, currently the Hyosung Group chairman, was sued by his younger brother Cho Hyun-moon on charges of embe...
May 03, 2023 (Gmt+09:00)
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Pension funds
Korea’s GEPS to begin investing in global buyout, growth funds
South Korea’s Government Employees Pension Service (GEPS) is set to inject 100 billion won ($74.7 million) to make its first investments in gl...
Apr 28, 2023 (Gmt+09:00)
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Economy
Chinese weak domestic demand causes S.Korean trade deficit: report
The Korea International Trade Association (KITA) has urged South Korea to develop a strategy to strengthen exports to China based on its market situ...
Apr 27, 2023 (Gmt+09:00)
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Economy
S.Korea’s 20-somethings tighten belts due to high interest rates: report
The decline in consumption by 20-somethings due to benchmark interest rate hikes is over eight times greater than those in their 60s.Analysts blame ...
Apr 27, 2023 (Gmt+09:00)
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Earnings
Kia expects stellar Q2 after reporting record operating profit in Q1
Kia Corp., the smaller sibling of South Korea’s largest automaker Hyundai Motor Co., presented a rosy earnings outlook for the second quarter ...
Apr 26, 2023 (Gmt+09:00)
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Fintech
Webcash launches AI accounting solution Wabooks in Vietnam
South Korea's Webcash Co. Group announced on Tuesday that it recently launched Wabooks, a Vietnamese version of the AI-powered accounting solution...
Apr 25, 2023 (Gmt+09:00)
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Alternative investments
Samsung Life buys 20% of French asset manager Meridiam
Samsung Life Insurance, managing 223.1 trillion won ($167.5 billion) in assets, has acquired a 20% stake in Paris-based infrastructure investment fi...
Apr 22, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Ransomware attacks targeting S.Korean companies on sharp rise
Global hacker groups' ransomware attacks against domestic companies and organizations in the first quarter of this year have been revealed to total ...
Apr 21, 2023 (Gmt+09:00)
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Food & Beverage
Kolmar BNH gets approval for health functional food ingredient in US
Kolmar BNH Co. has received approval from the US Food and Drug Administration (FDA) for a domestically developed health functional food ingredient.K...
Apr 20, 2023 (Gmt+09:00)
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Business & Politics
South Korea to Probe Circumstances Around Reported Leak of Classified U.S. Documents
SEOUL—A South Korean official said the government was investigating the circumstances around a leak of highly classified U.S. documents that a...
Apr 19, 2023 (Gmt+09:00)
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Banking & Finance
Korean banks’ profits hamstrung by tighter rules, consumer behavior
South Korea’s commercial banks usually post decent earnings driven by high interest income when the country’s policy interest rates are ...
Apr 18, 2023 (Gmt+09:00)
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Business & Politics
Korail wins $13 million consulting project for Philippines' railway
South Korea's state-run railway company Korea Railroad Corporation (Korail), announced on Monday that it has secured a consulting contract to manage...
Apr 17, 2023 (Gmt+09:00)
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Bio & Pharma
S.Korea’s first-generation bio companies set up support fund for new ventures
South Korea's first-generation bio companies and Industrial Bank of Korea (IBK) have created a bio investment fund to support ventures in the field ...
Apr 14, 2023 (Gmt+09:00)
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Korean chipmakers
Korea must nurture chip materials, parts, facilities: Jusung
South Korea needs to nurture its materials, parts and facilities industries to keep competitiveness in the semiconductor sector, said the chief exec...
Apr 13, 2023 (Gmt+09:00)
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Korean stock market
LG shares soar as UK asset manager Silchester raises stake
LG Corp., the holding firm of South Korea’s fourth-largest conglomerate LG Group, saw its share price soar in the local market on Wednesday as...
Apr 12, 2023 (Gmt+09:00)