US Armed Services Committee
Scope
Date
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Cloud computing
Hancom goes global with SDK, SaaS products
South Korea’s homegrown office suite developer Hancom Inc. will seek to boost its brand awareness in the global B2B software market with softw...
Feb 10, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor Group ranks first in US vehicle dependability study
Hyundai Motor Group has once again topped the U.S. Vehicle Dependability Study (VDS) conducted by J.D. Power, ranking first among 16 global automoti...
Feb 10, 2023 (Gmt+09:00)
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Bio & Pharma
HLB’s Rivoceranib, Hengrui's Camrelizumab approved as combination therapy in China
South Korea's HLB Co. announced on Thursday that the combination therapy of its drug candidate rivoceranib and Jiangsu Hengrui Pharmaceuticals Co., ...
Feb 09, 2023 (Gmt+09:00)
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Batteries
Korea EV battery makers lose market share against Chinese rivals
South Korean electric vehicle cell makers lost a market share against Chinese competitors last year as they failed to fully benefit from a surge in ...
Feb 08, 2023 (Gmt+09:00)
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Automobiles
Hyundai's IONIQ 5 named Best Electric Vehicle of 2023 in US
Cars.com, a US automobile evaluation website, named the Hyundai Motor Co.'s IONIQ 5 as the Best Electric Vehicle of 2023 on Tuesday. According to Hy...
Feb 08, 2023 (Gmt+09:00)
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Tech, Media & Telecom
AfreecaTV, VTVCab agree on live streaming platform service in Vietnam
South Korea's video streaming platform AfreecaTV Co. said Wednesday that it has agreed with VTVCab, a member of Vietnam's largest state-run TV...
Feb 08, 2023 (Gmt+09:00)
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Banking & Finance
Hyundai Card to provide Apple Pay in South Korea
Apple and Hyundai Card on Wednesday officially announced the launch of the simple payment service Apple Pay in South Korea.The American tech giant s...
Feb 08, 2023 (Gmt+09:00)
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Bio & Pharma
Medytox to sell off 2.2 mn shares of Daewoong's American partner Evolus
Medytox Inc. said in a regulatory filing on Wednesday that it is selling off approximately 2.19 million shares of Evolus, Daewoong Pharmaceutical's ...
Feb 08, 2023 (Gmt+09:00)
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Earnings
Fintech firm Kakao Pay logs first yearly net profit in 2022
Kakao Pay Corp., the mobile payment service unit of South Korean tech giant Kakao Corp., posted a net profit last year for the first time since its ...
Feb 08, 2023 (Gmt+09:00)
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War in Ukraine
Ukraine War Drives Rapid Growth in South Korea’s Arms Exports
SEOUL—The Ukraine war has fueled rapid growth in South Korea’s arms exports as countries supporting Kyiv turn to Seoul to replenish thei...
Feb 08, 2023 (Gmt+09:00)
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Advertising & Marketing
Cheil Worldwide sets up Maghreb corporation in Morocco
South Korea's leading ad agency and marketing company Cheil Worldwide has established a corporation in Casablanca, Morocco, in the Maghreb to broade...
Feb 07, 2023 (Gmt+09:00)
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Airlines
Jeju Air resumes daily flights to Hanoi, Ho Chi Minh City, Vientiane
South Korea's low-cost carrier Jeju Air Co. said on Monday that it would run daily flights from Korea to Hanoi and Ho Chi Minh City in Vietnam and V...
Feb 07, 2023 (Gmt+09:00)
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Foreign exchange
Korean won falls on firm US jobs data, new BOJ head report
The South Korean won currency skidded to a four-week low on Monday as stronger-than-expected US employment data renewed expectations that the Federa...
Feb 06, 2023 (Gmt+09:00)
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Corporate investment
S.Korea's high-tech firms flood to US with heavy spending plans
South Korea’s large business groups are flooding to the US, with their pledged investments there exceeding $100 billion for the next two years...
Feb 06, 2023 (Gmt+09:00)
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Automobiles
Hyundai GV70 EV to be eligible for US subsidy after classification as SUV
The sport-utility vehicle (SUV) Hyundai Genesis GV70 electric vehicle in the first half of the year is expected to be eligible for subsidies in the ...
Feb 06, 2023 (Gmt+09:00)
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Electronics
LG Electronics exhibits Art Lab in New York
LG Electronics Inc. recently introduced "LG Art Lab," a non-fungible token art trading platform mounted on LG TVs, through a large display board in ...
Feb 06, 2023 (Gmt+09:00)
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Tech, Media & Telecom
NCSOFT lays off 20% of US operation before new game release
NCSOFT Corp., South Korea’s major game developing and publishing company, has recently laid off about 20% of its North American operation, joi...
Feb 03, 2023 (Gmt+09:00)
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Cloud computing
NHN Dooray, HandySoft join forces to develop advanced collaboration tools
NHN Dooray, a provider of online collaboration tools, has signed a memorandum of understanding (MOU) with HandySoft, Inc., South Korea's leading gro...
Feb 03, 2023 (Gmt+09:00)
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Bio & Pharma
Daewoong Pharma's botulinum toxin Nabota proves long-lasting effect
Daewoong Pharmaceutical said on Friday that a high-dose administration of botulinum toxin Nabota (US brand name: Jeuveau) to patients with frown wri...
Feb 03, 2023 (Gmt+09:00)
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Mergers & Acquisitions
MBK to buy Japanese nursing home and care service for $300 mn
MBK Partners, the largest private equity firm in Northeast Asia, is set to acquire Japanese senior nursing care service company Unimat Retirement Co...
Feb 03, 2023 (Gmt+09:00)
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Business & Politics
Korea’s new EV subsidy plan favors Hyundai over Tesla, other imports
South Korea is revising its electric vehicle subsidy plan in a way that favors local cars such as the Hyundai IONIQ 6 over imported vehicles, includ...
Feb 03, 2023 (Gmt+09:00)
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Airlines
KAL introduces self-service bag drop for domestic flights
South Korea's flagship carrier Korean Air Lines Co. is the first airline in the country to adopt self-service bag drop on domestic flights.The compa...
Feb 03, 2023 (Gmt+09:00)
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Mergers & Acquisitions
MBK, Unison to expand Osstem Implant's target reach beyond China
South Korean private equity firm Unison Capital Korea is set to focus on boosting the corporate value of Osstem Implant Co., once the PE manager and...
Feb 03, 2023 (Gmt+09:00)
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Bio & Pharma
NGeneBio to launch precision cancer test service in Thailand
South Korean medical diagnostic company NGeneBio Co. has partnered with MP Group, a large consignment testing agency in Thailand, to launch a precis...
Feb 02, 2023 (Gmt+09:00)
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Automobiles
Hyundai, Kia post record-high Jan. sales figures in US
Hyundai Motor Co. and Kia Corp. posted the highest sales record in the US market in January. Hyundai Motor America said on Wednesday that it sold 52...
Feb 02, 2023 (Gmt+09:00)
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Business & Politics
Korea Customs Service to advance Tanzania's e-customs clearance system
The Korea Customs Service said on Wednesday that it has signed a memorandum of understanding (MOU) with the Tanzania Revenue Authority for cooperati...
Feb 02, 2023 (Gmt+09:00)
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Food & Beverage
S.Korea's Woowa Brothers launches professional service robot affiliate
Woowa Brothers, the parent company of South Korea's food delivery app Baedal Minjok, on Wednesday spun off its professional service robot unit into ...
Feb 02, 2023 (Gmt+09:00)
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Bio & Pharma
Hanmi's Rolvedon set to post $10 mn in Q4 net sales in US
South Korean drugmaker Hanmi Pharmaceutical Co.’s neutropenia agent, Rolvedon (eflapegrastim-xnst), is forecast to achieve about $10 million i...
Feb 02, 2023 (Gmt+09:00)
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Bio & Pharma
Lunit launches AI-based pathology analysis solution with US firm
South Korea's medical imaging startup Lunit said on Wednesday that it has launched Guardant360 TissueNext, an AI-based pathology analysis solution d...
Feb 01, 2023 (Gmt+09:00)
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Banking & Finance
Korea's credit card approval volume hit all-time high last year
The annual card approval amount in South Korea exceeded 1,000 trillion won ($811.4 billion) for the first time ever. This is largely because of "ret...
Feb 01, 2023 (Gmt+09:00)