US chip export bans
Scope
Date
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Economy
South Korean exporters fret over tumbling yen
South Korean exporters such as Hyundai Motor Co. and Kia Corp. are jittery as the country’s won currency hit its strongest level versus the Ja...
Mar 29, 2022 (Gmt+09:00)
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Food & Beverage
Daesang’s first Korean kimchi plant in US up and running
South Korean food maker Daesang Corp. has completed the construction of a kimchi plant in the US, its first factory outside Asia, which the company ...
Mar 29, 2022 (Gmt+09:00)
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Beauty & Cosmetics
LG Household to lower reliance on Chinese market as shares slump
LG Household & Health Care Ltd. was one of the most coveted shares on the Korean bouse in the past couple of years as the company basked in the ...
Mar 25, 2022 (Gmt+09:00)
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Mergers & Acquisitions
SK E&S buys EverCharge to enter US EV charging market
South Korea’s SK E&S Co. acquired US electric vehicle charging solution provider EverCharge Inc. to start the business in the world’...
Mar 25, 2022 (Gmt+09:00)
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Corporate investment
South Korea's 2021 outbound FDI at record-high $76 bn
South Korea's outbound direct investment in 2021 soared 32.8% from the year previous to a record-high $75.9 billion, led by financial investors and ...
Mar 24, 2022 (Gmt+09:00)
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Artificial intelligence
LG AI Research opens first overseas base in Michigan
South Korean LG Corp.'s artificial intelligence research institute set up its first overseas base in Michigan to expand its global AI research ...
Mar 23, 2022 (Gmt+09:00)
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Healthcare
LG Elec. targets North American digital healthcare market
South Korea’s LG Electronics Inc. has made inroads into the North American digital healthcare market with US telehealth company Amwell as the ...
Mar 21, 2022 (Gmt+09:00)
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War in Ukraine
Korea to open temporary settlement lines for trade with Russia
South Korea plans to open temporary settlement lines between domestic banks and their units in Russia in order to help companies hit by multinationa...
Mar 18, 2022 (Gmt+09:00)
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Korean food
Nongshim aims for top instant noodle spot in the US
Nongshim Co., South Korea’s leading instant noodle maker is aiming for the top noodle spot in the US. The Korean food company will begin ope...
Mar 18, 2022 (Gmt+09:00)
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Korean chipmakers
SK Siltron to invest $300 mn in US capacity expansion
Auburn, Michigan – South Korea’s silicon wafer maker SK Siltron Co. will invest $300 million to increase production capacity by ten time...
Mar 18, 2022 (Gmt+09:00)
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Future mobility
Hyundai Motor invests in cloud, hydrogen firms for future mobility
Hyundai Motor Co., South Korea’s top carmaker, invested $21.6 million late last year in startups with promising technologies in non-automaking...
Mar 17, 2022 (Gmt+09:00)
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Aerospace & Defense
Hanwha invests another $11 mn in US communications firm Kymeta
Hanwha Systems Co., the defense and air mobility unit of South Korea’s Hanwha Group, made another investment of $11 million in Kymeta Corp., a...
Mar 16, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Innocean to wholly own US media agency Canvas with 49% stake buy
Innocean Worldwide Holdings Inc., a South Korean marketing company, will wholly own US media agency joint venture Canvas Worldwide LLC by acquiring ...
Mar 16, 2022 (Gmt+09:00)
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ESG
SK Geo Centric invests $55 mn in US plastic waste recycling firm
South Korea’s SK Geo Centric Co. invested $55 million in US plastic waste recycling company PureCycle Technologies Inc. in a move to transform...
Mar 15, 2022 (Gmt+09:00)
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War in Ukraine
Hyundai’s auto exports to Russia cut by half in February, hit by war
Hyundai Motor Co.'s car exports to Russia have dwindled by nearly half in the latest indication that global automakers are feeling the pinch due to ...
Mar 14, 2022 (Gmt+09:00)
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Steel
Poongsan, Korea Zinc to benefit from rising raw material prices
South Korea’s non-ferrous metal smelters such as Korea Zinc Co. and Poongsan Corp. are set to benefit from rising prices of raw materials in t...
Mar 14, 2022 (Gmt+09:00)
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Short selling
LG Energy shares at lowest since IPO on short-selling concerns
Shares of LG Energy Solution Ltd. on Friday fell to their lowest level since the top South Korean battery maker went public in January on market con...
Mar 11, 2022 (Gmt+09:00)
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Korean chipmakers
Goldman sees Samsung, SK Hynix shares up 50% over next 12 mths
The share prices of the world’s two largest memory chipmakers Samsung Electronics Co. and SK Hynix Inc. each have room to rise by about 50% ov...
Mar 11, 2022 (Gmt+09:00)
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Aerospace & Defense
Hanwha, Poongsan, LIG Nex1 clinch $989 mn Saudi defense deals
South Korea’s three defense-related companies have signed a combined 3.71 billion Saudi riyal ($989 million) contract to supply ammunition and...
Mar 10, 2022 (Gmt+09:00)
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Companies
South Korea's contact lens exports surge in 2021
South Korea's contact lens brands accelerated their penetration into the global market estimated at $10 billion in 2021, thanks to the market's rebo...
Mar 10, 2022 (Gmt+09:00)
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War in Ukraine
Russia-Ukraine war disrupts Korean exports to Europe
Suspended land, air and sea routes to and from Russia are putting South Korean exporters – from Samsung Electronics Co. and Hyundai Motor Co. ...
Mar 07, 2022 (Gmt+09:00)
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War in Ukraine
S.Korea exempt from US export control list on Russia
South Korea won an exemption from the United States' expanded export restrictions on Russia over its invasion of Ukraine, the country’s trade ...
Mar 06, 2022 (Gmt+09:00)
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Entertainment
Korean content shares jump on Beijing’s eased restrictions
South Korean content shares finished Friday’s trade higher, buoyed by expectations of resumed exports to China and news that Disney+ will rele...
Mar 04, 2022 (Gmt+09:00)
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War in Ukraine
Hyundai shuts Russia car plant for 1 wk on parts shortages
Car production at Hyundai Motor Co.'s plant in Russia has been halted since March 1 as the Russia-Ukraine war further aggravated shortages of automo...
Mar 04, 2022 (Gmt+09:00)
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Private equity
Korean SPAC Valuence Merger debuts on Nasdaq, targets bio M&As
Valuence Merger Corp. 1, a special purpose acquisition company (SPAC), led by South Korean fund managers, has debuted on the Nasdaq, targeting Asian...
Mar 04, 2022 (Gmt+09:00)
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Business & Politics
Samsung, LG fret over shipping lines’ delivery halt to Russia
Samsung Electronics Co. and LG Electronics Inc., South Korea’s two major exporters, are jittery about global shipping lines’ decision to...
Mar 03, 2022 (Gmt+09:00)
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Korean chipmakers
US chipmakers announce 10% hike in NAND flash prices
US semiconductor manufacturer Western Digital Corp. announced Tuesday it will raise the price of its NAND flash memory chips by 10%. Earlier ...
Mar 02, 2022 (Gmt+09:00)
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War in Ukraine
Korea swings to trade surplus in Feb; Russia risks loom
South Korea logged a trade surplus in February on strong exports after deficits in the previous two months, the recovery remained fragile, given Rus...
Mar 02, 2022 (Gmt+09:00)
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War in Ukraine
Perfect storm from Ukraine crisis clouds Korea Inc.’s outlook
South Korean companies had dreamed of a post-COVID-19 earnings recovery as the globe geared up for economic reopening. But their hopes are now dampe...
Feb 25, 2022 (Gmt+09:00)
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Food & Beverage
New York third US state to recognize kimchi's Korean origin
Korean food is all about ingredients, which alongside various fermentation techniques, have made kimchi a global side dish enjoyed not just as centr...
Feb 25, 2022 (Gmt+09:00)
Latest News
- 1 LG Electronics' Indian unit logs highest first-half sales
- 2 SK Hynix’s turnaround gains traction from US, China
- 3 Samsung's financial arms beat No.1 banking group KB in profit
- 4 Korea’s airlines plagued by elevated fuel costs, strong dollar
- 5 LG Uplus offers Korean Air gift cards to 5G subscribers