UAE AIM Foundation
Scope
Date
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Future mobility
Hyundai partners with Samsung to enhance connected vehicle technology
South Korea’s Hyundai Motor Group has joined forces with Samsung Electronics Co. to advance connected vehicle technology utilizing the tech gi...
Sep 25, 2024 (Gmt+09:00)
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Automobiles
Chabot Mobility raises $900,000 in Series C round
South Korea's automotive management platform startup Chabot Mobility said on Wednesday that it raised 1.2 billion won ($900,000) in a Series C inv...
Sep 25, 2024 (Gmt+09:00)
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Logistics
Hyundai Glovis, BYD seek strategic alliance on car exports
Hyundai Glovis Co. has inked a memorandum of understanding with China's No. 1 electric vehicle maker BYD Co. to form a strategic alliance on car tra...
Sep 25, 2024 (Gmt+09:00)
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Artificial intelligence
LG Innotek develops AI for raw material inspection
LG Innotek, a leading South Korean electronics parts maker, said on Wednesday it developed an artificial intelligence (AI) system that can filter ou...
Sep 25, 2024 (Gmt+09:00)
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Korean startups
Asan Nanum Foundation to hold startup competition in November
The Asan Nanum Foundation announced on Wednesday that it will hold a demo day for “The Chung Ju-yung Startup Competition” on Nov. 7 at C...
Sep 25, 2024 (Gmt+09:00)
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Energy
Doosan Enerbility to localize 10 MW wind turbines
South Korea's Doosan Enerbility Co. said on Thursday that it is pursuing a national project for localizing large-scale wind power generation systems...
Sep 12, 2024 (Gmt+09:00)
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Korean food
Pulmuone to boost K-food boom in China with gimbap
Leading South Korean food company Pulmuone Corp. is poised to crank up the K-food craze in China, the world’s second most populous country, wi...
Sep 12, 2024 (Gmt+09:00)
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Aerospace & Defense
S.Korea’s LIG Nex1, Iraq set for $2.6 billion deal on M-SAM missile system
Iraq has decided to import South Korean-made mid-range surface-to-air missile (M-SAM) system II, known as Cheongung II, in a deal estimated at $2.6 ...
Sep 12, 2024 (Gmt+09:00)
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Construction
HD Hyundai affiliates participate in Mining Indonesia 2024
South Korea's HD Hyundai Construction Equipment Co. and HD Hyundai Infracore Co. announced on Wednesday that they participated in Mining Indonesia 2...
Sep 11, 2024 (Gmt+09:00)
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Tech, Media & Telecom
Samsung expands AI horizon with B2B-specific SmartThings Pro
BERLIN – South Korean tech giant Samsung Electronics Co. is entering the AI-powered business-to-business connectivity platform market with its...
Sep 10, 2024 (Gmt+09:00)
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Korean chipmakers
Tokyo Electron: Chip machinery giant with ‘tireless animal spirit’
TOKYO – In the 1980s, Japanese chipmakers dominated the world’s semiconductor industry.Companies like NEC, Toshiba, Fujitsu and Mitsubis...
Sep 09, 2024 (Gmt+09:00)
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IPOs
Online lender Kbank aims for IPO at $4 bn valuation in Q4
Kbank, a South Korean online bank, is preparing to list on the main bourse Kospi at an estimated value of up to 5 trillion won ($3.8 billion) in the...
Sep 06, 2024 (Gmt+09:00)
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Batteries
Lotte Energy completes pilot plant for solid-state battery electrolyte
Lotte Energy Materials Corp., one of South Korea’s leading battery materials makers, has completed a pilot plant for the production of sulfide...
Sep 05, 2024 (Gmt+09:00)
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Artificial intelligence
Samsung SDS AI service FabriX to launch on Microsoft Azure platform
Samsung SDS Co., the information technology service unit of Samsung Group, said on Tuesday it plans to launch its AI service FabriX on Microsoft Cor...
Sep 03, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
HD Hyundai establishes foundation for shipyard accident victims
South Korea's HD Hyundai Co. established the HD Hyundai Hope Foundation (tentative name) to support the families of victims of major industrial acci...
Sep 02, 2024 (Gmt+09:00)
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Bio & Pharma
SK Group’s 3rd-generation daughter comes to the fore
Chey Yoon-chung, the eldest daughter of SK Group Chairman Chey Tae-won, unexpectedly made her debut during an SK Biopharmaceuticals Co. video confer...
Aug 30, 2024 (Gmt+09:00)
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Corporate bonds
POSCO Int'l wins first credit rating from S&P, Moody's
South Korea's POSCO International Corp. said on Thursday that it received its first-ever credit ratings from Standard & Poor's (S&P) and Moo...
Aug 30, 2024 (Gmt+09:00)
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Korean chipmakers
SK Hynix unveils industry’s 1st 10-nanometer DDR5, aims for top spot
SK Hynix Inc., the world’s second-largest memory chipmaker after Samsung Electronics Co., has emerged as the dominant player in the sought-aft...
Aug 29, 2024 (Gmt+09:00)
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Food & Beverage
Ashley Queens’ success story: Premium dining, but at affordable prices
Korean food, or K-food, is popular around the world. And it’s almost become a rite of passage for foreigners who come to South Korea to try tr...
Aug 28, 2024 (Gmt+09:00)
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Retail
BGF Retail’s CU looks beyond Kazakhstan deep into Central Asia
Kazakhstan, a Central Asian country 27 times the area of South Korea, did not have any modernized convenience stores until early this year.The count...
Aug 20, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Amorepacific's Hera enters Thai market
South Korea's Amorepacific Corp. announced on Thursday that its premium color cosmetics brand Hera opened its first store on August 8 at Central Chi...
Aug 20, 2024 (Gmt+09:00)
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Korean startups
Asan Nanum Foundation revamps fund management
The Asan Nanum Foundation, a nonprofit foundation set up in 2011 to commemorate the 10th anniversary of Hyundai founder Chung Ju-yung’s death,...
Aug 20, 2024 (Gmt+09:00)
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Electronics
Samsung Electronics tops global TV sales in H1
Samsung Electronics Co. maintained its top position in the global TV market in the first half of this year, bolstered by robust sales of its newly i...
Aug 20, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung to unveil industry’s highest-capacity eSSD in November
Samsung Electronics Co., the world’s largest memory chipmaker, plans to unveil the industry’s highest-capacity enterprise solid-state dr...
Aug 19, 2024 (Gmt+09:00)
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Electric vehicles
Hyundai to develop EREV powertrain for electric pickup, Santa Fe, GV70
South Korea’s top automaker Hyundai Motor Group is developing a next-generation powertrain, known as a range extender, for pickup trucks and s...
Aug 13, 2024 (Gmt+09:00)
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Construction
Korea’s Ssangyong C&E exports eco-friendly limestone cement to US
Ssangyong C&E Co., a leading South Korean cement maker, said on Monday it has exported 30,000 tons of low-carbon limestone cement to the US &nda...
Aug 12, 2024 (Gmt+09:00)
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Carbon neutrality
SK Earthon wins Australian carbon storage exploration rights
SK Earthon Co., the energy resources exploration and production (E&P) unit of South Korea’s top energy company SK Innovation Co., will spe...
Aug 08, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Korean shipbuilders in talks for $3.3 bn Qatar LNG tanker deals
South Korean shipbuilders are in talks with Qatari state companies for an estimated $3.3 billion in deals to manufacture additional liquefied natura...
Aug 05, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Shinsegae buys low-cost cosmetics brand Amuse from Naver Snow
South Korea's Shinsegae International Inc. announced on Friday that it will acquire 100% of Amuse Corp., a cosmetics brand, for 71.3 billion won ($5...
Aug 05, 2024 (Gmt+09:00)
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Automobiles
Lotte Rental establishes UAE subsidiary
South Korea's Lotte Rental Co. said on Thursday that it established an overseas subsidiary in Dubai, United Arab Emirates (UAE), to boost the expo...
Aug 01, 2024 (Gmt+09:00)