UK Car of the Year
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Venture capital
Fabless startup Rebellions raises $50 mn in Series A
South Korea’s leading fabless startup Rebellions Inc. announced Friday it raised 62 billion won ($50 million) in Series A or the first round o...
Jun 03, 2022 (Gmt+09:00)
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ASK 2022
[ASK 2022] Infrastructure benefits from inflation and population growth: Sera Global
Infrastructure is stronger than ever amid the current macroeconomic risks, and investors will see greater opportunities in the ...
Jun 02, 2022 (Gmt+09:00)
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Future mobility
Kakao Mobility to launch car transport service in June
South Korea’s Kakao Mobility Corp. will begin providing drivers for door-to-door auto transport from as early as mid-June, according to tech i...
Jun 02, 2022 (Gmt+09:00)
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Future mobility
Four consortiums bid for Seoul’s flying car program
A total of four consortiums announced their bids for the government-run urban air mobility (UAM) program titled K-UAM Grand Challenge on Tuesday.&nb...
May 31, 2022 (Gmt+09:00)
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Korean SMEs
Korea top capsule maker expands Vietnam plant in global push
South Korea’s top capsule and functional food maker is expanding its plant in Vietnam to raise its presence in the world market with the goal ...
May 31, 2022 (Gmt+09:00)
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Corporate investment
CJ to beef up content, K-food sector with $9.7 billion investment
South Korea’s CJ Group, which operates the country’s largest food and beverage company CJ Cheiljedang Corp. and entertainment giant CJ E...
May 30, 2022 (Gmt+09:00)
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Aerospace & Defense
The lunar economy is here – Airbus Vice President Jaffart
Global aerospace juggernaut Airbus SE says we have already entered the lunar economy and the company is looking forward to soon collaborating on lun...
May 30, 2022 (Gmt+09:00)
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Aerospace & Defense
UK satellite firm OneWeb to provide services in Korea
UK’s satellite company OneWeb plans to provide services for airlines and ships in South Korea where its geographic conditions kept the existin...
May 30, 2022 (Gmt+09:00)
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Pension funds
NPS to slash Korean asset proportion, increase overseas stocks
National Pension Service (NPS) of South Korea, the world’s third-largest pension fund, has adjusted its five-year asset allocation plan to enh...
May 27, 2022 (Gmt+09:00)
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Pension funds
GEPS taps Samsung Life's alternative investment head as CIO
Government Employees Pension Service (GEPS) of South Korea has named Baek Joo-hyun, former alternative investment head at Samsung Life Insurance Co....
May 27, 2022 (Gmt+09:00)
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IPOs
Market Kurly's sales surge 49% on-year in Q1
South Korea’s Kurly Inc., the operator of grocery delivery platform Market Kurly, achieved 641.7 billion won ($511.6 million) in gross merch...
May 27, 2022 (Gmt+09:00)
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Construction
Samsung Eng. wins plant design deal from Texas LNG
South Korea’s Samsung Engineering Co. has won a deal to design a liquefied natural gas plant in Texas, taking a step forward to secure a turnk...
May 27, 2022 (Gmt+09:00)
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Venture capital
Venture capital heavyweights tighten belts after 13-year spending spree
Venture capital firms at home and abroad are tightening their belts, following growing concerns over inflation and continued interest hikes by maj...
May 26, 2022 (Gmt+09:00)
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Central bank
BOK steps up inflation fight with back-to-back rate hikes
South Korea’s central bank delivered a back-to-back interest rate hike for the first time in 15 years on Thursday to curb rampant consumer pri...
May 26, 2022 (Gmt+09:00)
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Automobiles
Hankook Tire builds Asia’s largest proving ground for future car tires
Hankook Tire & Technology Co., South Korea’s top tire maker, said on Wednesday it has opened Asia’s largest proving ground to test t...
May 25, 2022 (Gmt+09:00)
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Corporate investment
Hyundai to spend $30 bn on improving quality of combustion engine cars
Hyundai Motor Group will invest 63 trillion won ($50 billion) in its domestic businesses through 2025 to strengthen its competitiveness in electrifi...
May 25, 2022 (Gmt+09:00)
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Corporate investment
Samsung to invest $355 billion in chip, biotech, 6G over five years
South Korea’s top conglomerate Samsung has unveiled a plan to invest 450 trillion won ($355 billion) over the next five years in strategic sec...
May 24, 2022 (Gmt+09:00)
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Batteries
Samsung SDI, Stellantis pick Indiana for US EV battery plant
Samsung SDI Co., the world’s sixth-largest battery maker, and Dutch-domiciled multinational automaker Stellantis N.V. picked the state of...
May 24, 2022 (Gmt+09:00)
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Corporate governance
SK becomes first group to disclose monetized social value
SK Group, South Korea’s third-largest conglomerate, created 18.4 trillion won ($14.5 billion) in social value in 2021, up 60% from the year pr...
May 24, 2022 (Gmt+09:00)
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Tech, Media & Telecom
KT's transformation beyond telco to digital platform
South Korea’s telecom operator KT Corp. surprised the market early this month with a 41.1% on-year surge in first-quarter operating profit, wh...
May 23, 2022 (Gmt+09:00)
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Korean startups
Startup accelerator D.Camp generates $22 billion in value in 10 years
Since its inception in 2012, the Banks Foundation for Young Entrepreneurs has generated more than $28 trillion won ($22 billion.)The goal of the fou...
May 23, 2022 (Gmt+09:00)
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Machinery
Korean agricultural machinery maker to expand US production
South Korea’s major farm machinery maker is set to invest $20 million in manufacturing facilities in the US state of Georgia, to expand its bu...
May 22, 2022 (Gmt+09:00)
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Webtoons
Kakao to merge US webtoon, web novel platforms
South Korea’s Kakao Entertainment Co. is set to merge Tapas Media Inc. and Radish Fiction Inc., its webtoon and mobile novel platforms in Nort...
May 19, 2022 (Gmt+09:00)
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Bio & Pharma
Daewoong's Nabota approved for sale in Saudi Arabia, Ukraine
South Korea’s Daewoong Pharmaceutical Co. has obtained approval for the sale of its botulinum toxin product, Nabota, in Saudi Arabia and Ukrai...
May 19, 2022 (Gmt+09:00)
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Retail
E-Mart's conundrum over changing shopping habits
For middle-class families in South Korea, it has become a morning ritual to bring the boxes of fresh produce and daily necessities delivered overnig...
May 18, 2022 (Gmt+09:00)
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Mergers & Acquisitions
SK On bolsters M&A team with new executive hires
SK On Co., an electric vehicle battery maker of SK Innovation Co., is bolstering its M&A team by hiring M&A experts from a leading law firm ...
May 17, 2022 (Gmt+09:00)
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Batteries
Korea’s Iljin to build $391 mn battery materials plant in Spain
South Korea’s Iljin Materials Co. plans to invest 500 billion won ($391.2 million) in a battery materials plant in Spain, its first production...
May 17, 2022 (Gmt+09:00)
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Foreign exchange
Korea President Yoon to hold emergency meeting over won
South Korea’s new President Yoon Suk-yeol called an emergency meeting as the won currency tumbled to its weakest level since the 2008-09 globa...
May 12, 2022 (Gmt+09:00)
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Batteries
SK On to build $2.3 bn EV battery plant for Hyundai in US
SK On Co., the world’s fifth-largest electric vehicle battery manufacturer, plans to build a new US factory to supply batteries to a planned E...
May 12, 2022 (Gmt+09:00)
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Logistics
Samsung SDS takes smart logistics platform Cello Square to China
Samsung SDS Co., the information technology service unit of Samsung Group, is taking its smart logistics platform, Cello Square, to China to offer l...
May 12, 2022 (Gmt+09:00)
Latest News
- 1 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 2 AI startup MarqVision raises $16.5 mn to close Series A
- 3 Taihan Cable wins $630 mn power grid project in Singapore
- 4 Korean startup scene is gloomy, say 2 out of 5 startup CEOs
- 5 MBK ups stakes for Korea Zinc to match buyback offer