Taeyoung Take Hotel
Scope
Date
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Central bank
BOK takes 25-bp rate hike as won rebounds against dollar
South Korea’s central bank raised the base interest rate by 25 basis points to 3.25% during its monetary policy board meeting on Nov. 24, slow...
Nov 24, 2022 (Gmt+09:00)
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Robotics
Hyundai-owned Boston Dynamics’ Atlas, Stretch, Spot to take on Tesla Bot
The idea of robots not just taking over menial tasks and tough jobs at logistics centers but also working as personal secretaries or in autonomous d...
Nov 23, 2022 (Gmt+09:00)
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Economy
One out of six married women in South Korea opts out of workforce: NSO
One out of six married women in South Korea has opted out of the workforce, to take on most of the childrearing burden in the family. Around 1....
Nov 22, 2022 (Gmt+09:00)
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Korean startups
Mobility startup Poen takes first place at Geeks Show Up event in Jeju
South Korea’s mobility startup Poen secured first place at the first-ever Geeks Show Up on Nov. 17, a demo day hosted by The Korea Economic Da...
Nov 18, 2022 (Gmt+09:00)
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Future mobility
Hyundai Motor, Indonesia to jointly enter ASEAN air mobility market
South Korea’s top automaker Hyundai Motor Group and Indonesia’s Nusantara Capital City Authority have agreed to jointly enter the Southe...
Nov 14, 2022 (Gmt+09:00)
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Private equity
Korean PE firms struggle with fundraising on illiquidity
South Korean private equity (PE) firms are having trouble fundraising as institutional investors' capital for new investment is drying up amid inter...
Nov 10, 2022 (Gmt+09:00)
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Earnings
Korea's Walkerhill Hotels and Resorts posts 1st surplus in 11 quarters
South Korea's Walkerhill Hotels and Resorts, run by SK Networks, has returned to the black after two years and nine months thanks to growth in the n...
Nov 09, 2022 (Gmt+09:00)
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Electronics
Korean LED maker marks 100th victory in global patent wars
Seoul Semiconductor Co., the world’s second-largest light-emitting diode (LED) display maker, won a patent lawsuit in Germany, setting a recor...
Nov 04, 2022 (Gmt+09:00)
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Shareholder activism
KT&G taps top-tier law firm to defend itself against shareholder activism
KT&G Corp., the world’s fifth-largest tobacco maker, has appointed South Korea’s top-tier law firm Kim & Chang to take action ag...
Nov 03, 2022 (Gmt+09:00)
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Travel & Leisure
Hotel Shilla's biz hotel to post record guest room sales
When Hotel Shilla Co. CEO and Samsung Group heiress Lee Boo-jin said in a shareholders’ meeting in March that the Korean hotel company will br...
Oct 24, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
S.Korea to widen tech gap with global shipbuilding rivals
South Korea, the world’s largest shipbuilding country, will expand its production of high-value-added specialized vessels, such as liquefied h...
Oct 20, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Samsung launches upgraded digital wallet to take on Apple Pay
South Korea’s tech giant Samsung Electronics Co. said on Friday it is launching its digital wallet platform in 13 more countries by year-end t...
Oct 14, 2022 (Gmt+09:00)
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Tech, Media & Telecom
For South Korea, US EV subsidies both give and take away
The Inflation Reduction Act provides a plethora of subsidies to boost domestic manufacturing for goods that help combat climate change. Tweaks to ...
Oct 13, 2022 (Gmt+09:00)
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Central bank
BOK takes another big step hike as weak won lifts prices
South Korea’s central bank on Wednesday delivered its second 50-basis-point policy interest rate hike as the ailing won currency adds to infla...
Oct 12, 2022 (Gmt+09:00)
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ESG
LG embraces ESG management standards with first groupwide report
South Korea’s fourth-largest conglomerate LG is rapidly embracing environmental, social and governance standards as key criteria in evaluating...
Sep 28, 2022 (Gmt+09:00)
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Markets
S.Korea to take measures to support stock, bond markets
South Korea is set to take measures to stabilize local stock and bond markets hit by global interest rate hikes amid growing risks of a worldwide ec...
Sep 28, 2022 (Gmt+09:00)
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Central bank
BOK chief signals another big step as Fed hike haunts won
South Korea’s central bank on Thursday signaled another 50-basis-point policy interest rate hike as the won currency weakened past the psychol...
Sep 22, 2022 (Gmt+09:00)
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The KED View
Was South Korea’s FX intervention too late?
The South Korean won on Sept. 14 opened 1.4% lower in the domestic currency session after shocking US inflation data rattled global financial market...
Sep 21, 2022 (Gmt+09:00)
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Content platforms
Lotte Home Shopping to nurture Bellygom as a global character
Lotte Home Shopping Inc. announced Thursday the company will showcase Bellygom at a New York City exhibit next week, as part of a broader plan to gr...
Sep 15, 2022 (Gmt+09:00)
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Steel
POSCO may need months to normalize typhoon-hit steel mill
POSCO, the world’s sixth-largest steelmaker, is expected to need months to resume full operations of its typhoon-hit plant, which makes up a q...
Sep 14, 2022 (Gmt+09:00)
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Entertainment
Squid Game wins Emmy awards for best actor, director
LOS ANGELES, California -- Netflix mega-hit Squid Game star Lee Jung-jae and creator Hwang Dong-hyuk each bagged an Emmy trophy Monday night in Los ...
Sep 13, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
Hyundai Glovis takes first step for liquefied CO2 carrier
South Korea’s Hyundai Glovis Co. has taken the first step in developing the world’s largest liquefied carbon dioxide (LCO2) carrier used...
Sep 06, 2022 (Gmt+09:00)
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Blockchain
About 1,000 attend Upbit Developer Conference preliminary events
South Korea’s unicorn startup Dunamu Inc. hosted two preliminary events for the Upbit Developer Conference (UDC) scheduled for later this mont...
Sep 05, 2022 (Gmt+09:00)
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Airlines
Korea airlines to increase flights on eased COVID-19 rule
South Korean airlines plan to increase international flights by year-end as the country is set to ease the rule on COVID-19 for travelers in a move ...
Aug 31, 2022 (Gmt+09:00)
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Electric vehicles
Hyundai IONIQ 6 logs record pre-orders in South Korea
Hyundai Motor Co., South Korea’s top automaker, announced on Tuesday that its first fully electric sedan IONIQ 6 is enjoying record pre-orders...
Aug 23, 2022 (Gmt+09:00)
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The KED View
Four chip alliance: S.Korea's courage to overcome Chinaphobia
“I'm gonna make him an offer he can’t refuse.”Ahn Cheol-soo, a senior lawmaker of South Korea’s ruling People Power Party, c...
Aug 09, 2022 (Gmt+09:00)
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Earnings
Celltrion logs strong Q2 earnings powered by biosimilars
South Korea’s biopharmaceutical maker Celltrion Inc. on Friday reported strong quarterly earnings thanks to healthy demand for its biosimilar ...
Aug 05, 2022 (Gmt+09:00)
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Electric vehicles
Korean EV, battery makers to benefit from US inflation bill
South Korea’s electric vehicle and battery makers are expected to benefit from the Inflation Reduction Act of 2022, the US bill designed to br...
Aug 01, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Zigbang completes Samsung SDS home IoT takeover
Zigbang, a South Korean proptech startup that provides real estate search and transaction services, has completed the acquisition of Samsung SDS Co....
Jul 28, 2022 (Gmt+09:00)
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Korean startups
Online study assistant operator Bebridge receives $1.9 mn in pre-Series A
South Korean startup Bebridge Inc. announced Thursday it raised 2.5 billion won ($1.9 million) in pre-Series A round from Magna Investment, Bluepoin...
Jul 21, 2022 (Gmt+09:00)