Two Chairs Exclusive Center
Scope
Date
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Pension funds
Korean military fund anchors $142 mn real estate fund
South Korea’s Military Mutual Aid Association (MMAA), a retirement savings fund for military personnel, is set to become an anchor investor in...
Jan 19, 2024 (Gmt+09:00)
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Corporate restructuring
Naver, Com2uS slash workforce to downsize new businesses
South Korea’s leading online platforms and gaming publishers such as Naver Corp., Com2uS Corp. and Kakao Corp. have joined global Big Tech com...
Jan 18, 2024 (Gmt+09:00)
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Energy
SK Gas, SK D&D to venture into US ESS market with Apex
SK Gas Ltd. and SK D&D Co. will build their first-ever energy storage system (ESS) facility in the US that can power 39,000 homes daily via a jo...
Jan 17, 2024 (Gmt+09:00)
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Artificial intelligence
Samsung, LG go head-to-head in AI components market
Samsung Electro-Mechanics Co. and LG Innotek Co., two major South Korean suppliers for Apple iPhones, are going head-to-head in the artificial intel...
Jan 16, 2024 (Gmt+09:00)
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Automobiles
Mojave Proving Ground: Backbone of Hyundai, Kia’s success in US
CALIFORNIA CITY, Calif. – The Mojave Desert, known by locals as the "high desert," lies some 170 km northeast of Los Angeles, California. In t...
Jan 15, 2024 (Gmt+09:00)
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Steel
POSCO chair, board under investigation ahead of new CEO selection
Police in Seoul have launched a probe into South Korea’s POSCO Holdings Inc. Chairman and Chief Executive Choi Jeong-woo and the company's boa...
Jan 12, 2024 (Gmt+09:00)
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Bio & Pharma
Celltrion to expand Yuflyma supply network in Europe
South Korea’s Celltrion Inc. announced on Friday that it will supply its biosimilar Yuflyma (active ingredient: adalimumab) for the treatment ...
Jan 12, 2024 (Gmt+09:00)
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Samsung Group
Samsung heirs tap $2.1 bn block sale for inheritance taxes
The heirs of late Samsung Group Chairman Lee Kun-hee are seeking to sell their shares in Samsung Electronics Co. and other Samsung affiliates worth ...
Jan 10, 2024 (Gmt+09:00)
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Artificial intelligence
Upstage's AI beats global peers in benchmark math tests
South Korean artificial intelligence tech startup Upstage said on Monday that its math-specific large language model (LLM), jointly developed with l...
Jan 08, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
HD KSOE wins $240 mn order for two ammonia carriers
HD Hyundai Heavy Industries has secured its second shipbuilding contract of the year. HD Korea Shipbuilding & Offshore Engineering, the shipbui...
Jan 08, 2024 (Gmt+09:00)
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Bio & Pharma
Inventage Lab, Yuhan to co-work for obesity treatment
South Korea’s Inventage Lab Inc. announced on Friday that it has signed a joint development agreement with Yuhan Corp. for a long-acting inj...
Jan 05, 2024 (Gmt+09:00)
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Robotics
LG Elec to supply robot CLOi to SE Asian golf courses
South Korea’s LG Electronics Inc. announced on Friday that it signed a contract with the domestic golf service platform Smartscore to supply i...
Jan 05, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
HD KSOE wins $230 mn order for two VLGCs
South Korea's HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) on Friday said it has secured its first order this year for two very la...
Jan 05, 2024 (Gmt+09:00)
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Automobiles
BMW overtakes Mercedes-Benz as top-selling foreign carmaker in S.Korea
BMW has overtaken Mercedes-Benz in the South Korean market, regaining the top spot in the foreign automobile sales segment for the first time in eig...
Jan 05, 2024 (Gmt+09:00)
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Korean startups
Digital healthcare, robot, AI chip startups among VCs’ 2024 top picks
Startups that specialize in digital healthcare, robots and artificial intelligence chips are among South Korea-based venture capital firms’ to...
Jan 03, 2024 (Gmt+09:00)
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Private equity
MBK names two partners as vice chairman, vice president
MBK Partners said on Wednesday it has named Moon Joo Ho, partner and head of South Korea for special situations, as the North Asia-focused private e...
Jan 03, 2024 (Gmt+09:00)
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Leadership & Management
Mirae Asset chair to donate subsidiary shares to charity
Mirae Asset Group founder and Chairman Park Hyeon-joo will donate a 25% stake in Mirae Asset Consulting Co., the firm at the top of the financial se...
Jan 03, 2024 (Gmt+09:00)
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Aerospace & Defense
KAI completes 1st batch of fighter jet exports to Poland
Korea Aerospace Industries Ltd. (KAI), the country’s sole military aircraft manufacturer, completed its first batch of fighter jet exports to ...
Jan 02, 2024 (Gmt+09:00)
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Korean games
Korea to sell $3.6 bn stake in NXC via private offering
The South Korean government is seeking to sell a 4.71 trillion won ($3.6 billion) stake in gaming giant NXC Corp. via private placement as the autho...
Dec 29, 2023 (Gmt+09:00)
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Electric vehicles
HD Hyundai Oilbank launches dedicated EV lubricant
South Korea’s HD Hyundai Oilbank said on Thursday that it launched a new dedicated electric vehicle (EV) lubricant brand the Hyundai XTeer EVF...
Dec 28, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Samsung Heavy wins $240 mn order for two VLACs
South Korea's shipbuilder Samsung Heavy Industries Co. announced on Tuesday that it has won a 310.8 billion won ($240 million) order for two very la...
Dec 26, 2023 (Gmt+09:00)
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Construction
HD Hyundai Construction, Infracore to use integrated machinery platform
HD Hyundai Co., a South Korean shipbuilding and machinery conglomerate, is building an integrated equipment manufacturing platform for its two const...
Dec 26, 2023 (Gmt+09:00)
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Tech, Media & Telecom
KT opens Foreigner Center for non-English speakers
South Korea’s KT Corp. announced on Tuesday that it opened the KT Foreigner Center for non-English speakers in Won-gok-dong, Ansan, Gyeonggi...
Dec 26, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung to build $281 million chip packaging R&D center in Yokohama
South Korea’s Samsung Electronics Co., the world’s largest memory chipmaker, will build a 40 billion yen ($281 million) advanced chip pa...
Dec 22, 2023 (Gmt+09:00)
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Automobiles
Grandeur regains Korean sedan crown after two-year hiatus
Hyundai Motor Co.'s Grandeur mid-to-large-sized sedan is poised to reclaim its crown as the best-selling Korean car in the domestic passenger car se...
Dec 22, 2023 (Gmt+09:00)
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Bio & Pharma
Boryung, HK inno.N to co-market Kanarb, K-CAB
South Korea’s pharmaceutical companies Boryung Corp. and HK inno.N announced on Wednesday that they will start co-marketing for their respec...
Dec 20, 2023 (Gmt+09:00)
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IPOs
Fintech platform operator Viva Republica revives IPO plan
Viva Republica Inc., the operator of South Korea’s fintech platform Toss, has revived plans to go public after pushing back its stock market d...
Dec 20, 2023 (Gmt+09:00)
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Automobiles
Hyundai to sell Russian car plants at about $100 for exit
Hyundai Motor Co., South Korea’s top carmaker, has decided to sell its plants in Russia for only about $100 to a local company although it has...
Dec 19, 2023 (Gmt+09:00)
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Cryptocurrencies
Netmarble's Marblex listed on Bitget
Marblex, a blockchain subsidiary of South Korean game developer Netmarble Corp., announced on Tuesday that it has listed its MBX token on the global...
Dec 19, 2023 (Gmt+09:00)
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Bio & Pharma
ToolGen gets FDA approval for TGT-001 as ODD
South Korean genome editing developer ToolGen Inc. announced on Monday that its application for orphan drug designation (ODD) of the gene correction...
Dec 18, 2023 (Gmt+09:00)