US high rates
Scope
Date
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Electric vehicles
POSCO International wins $761 mn EV parts supply deal from US carmaker
POSCO International Corp., the general trading and energy exploration unit of South Korea’s steel giant POSCO Holdings Inc., has won a 1 trill...
Nov 08, 2023 (Gmt+09:00)
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Artificial intelligence
LG, Qraft Technologies' AI-powered ETF trades on NYSE
South Korea’s LG Group and Seoul-based Qraft Technologies Inc. have jointly launched an exchange-traded fund (ETF) that selects holdings relat...
Nov 08, 2023 (Gmt+09:00)
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Future mobility
Hyundai's Supernal plans to build flying taxi plant in US
Hyundai Motor Group plans to build a flying electric taxi plant in the US as the South Korean automotive group aims to bring flying cars to the mark...
Nov 08, 2023 (Gmt+09:00)
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Electric vehicles
Hyundai Mobis raises $940 mn via loan for EV parts plants in US
Hyundai Mobis Co., an auto part-making unit of Hyundai Motor Group, has raised $940 million via an overseas loan to build facilities for its electri...
Nov 08, 2023 (Gmt+09:00)
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Automobiles
Imported cars set to snap 3-year growth streak in S.Korea
Imported passenger cars are expected to see their first retreat in four years in South Korea on the growing popularity of domestic luxury models suc...
Nov 08, 2023 (Gmt+09:00)
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Korean SMEs
Chemtronics readies to produce key solvent for photoresists
SEONGNAM, South Korea -- Chemtronics Co. Ltd., a South Korean chemical materials maker, appears to have removed a key hurdle to expanding the domest...
Nov 07, 2023 (Gmt+09:00)
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Foreign exchange
Won strengthens past 1,300 mark vs dollar on short-sale ban
The South Korean won continued its bull run on Monday, strengthening past the psychologically important barrier of 1,300 level against the dollar fo...
Nov 06, 2023 (Gmt+09:00)
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Electronics
LG Elec to open heat pump research laboratory in Alaska
LG Electronics Inc. plans to open LG Advanced Cold Climate Heat Pump Laboratory in Alaska, the US for the development of heating, ventilation, &...
Nov 06, 2023 (Gmt+09:00)
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Foreign exchange
Yen hits 15-year low vs Korean won on less hawkish BOJ
The yen on Friday plunged to the weakest level in more than 15 years against the South Korean won as the Japanese central bank’s recent change...
Nov 03, 2023 (Gmt+09:00)
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Tech, Media & Telecom
LG CNS to join New York digital transformation project
South Korea's information technology service provider LG CNS announced on Friday it has signed a memorandum of understanding (MOU) for a digital tra...
Nov 03, 2023 (Gmt+09:00)
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Earnings
SK Innovation targets profit from EV battery unit in Q4
SK Innovation Co., South Korea’s top energy company, said its electric vehicle (EV) battery subsidiary aims to turn to the black in the fourth...
Nov 03, 2023 (Gmt+09:00)
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Webtoons
Naver Webtoon seizes 150 illegal overseas sites
South Korea’s Naver Webtoon announced on Thursday it shut down 150 illegal overseas sites, which unauthorizedly posted more than 80 webtoons i...
Nov 02, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor, Kia's US electric vehicle sales at record-high in October
South Korea's Hyundai Motor Group set a historic sales record in the US electric vehicle market, posting its best-ever performance in October. The a...
Nov 02, 2023 (Gmt+09:00)
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Energy
KHNP submits final bid for Czech Republic’s new nuclear power unit
Korea Hydro & Nuclear Power Co. (KHNP) has submitted a final bid to the Czech Republic’s state-run Elektrarna Dukovany II (EDU II) to cons...
Nov 01, 2023 (Gmt+09:00)
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Electric vehicles
Hyundai bets big on deep discounts to survive EV plateau
Hyundai Motor Co. is going all out to revive drivers’ interest in electric vehicles with significant price cuts in the US, the world’s s...
Oct 31, 2023 (Gmt+09:00)
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Private debt
Korea Investment raises $400 mn to expand US assets
Seoul-based brokerage firm Korea Investment & Securities Co. (KIS) has raised $400 million in new bonds to strengthen its investments in the US ...
Oct 31, 2023 (Gmt+09:00)
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Business & Politics
S.Korea to add India, Lithuania to list of nations eligible for E-9 visa
South Korea plans to allow non-professional workers from India and Lithuania to apply for the E-9 visa as the country struggles with a shrinking wor...
Oct 31, 2023 (Gmt+09:00)
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Bio & Pharma
Lotte builds US antibody-drug conjugate plant with $82 mn
South Korea’s Lotte Biologics Co. is establishing an antibody-drug conjugate (ADC) factory in Syracuse, New York, with an investment of 110 bi...
Oct 31, 2023 (Gmt+09:00)
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Korean games
Nexon’s 'The Finals' draws record-high concurrent users
South Korea’s game publishing giant Nexon Co. is set to release another blockbuster game after its new first-person shooting game “The F...
Oct 30, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Hanwha Ocean to design digital vessels with ABS
South Korea’s Hanwha Ocean Co. on Sunday announced its conclusion of a basic accord with the Houston-based American Bureau of Shipping (ABS) t...
Oct 30, 2023 (Gmt+09:00)
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Food & Beverage
CJ CheilJedang’s frozen rice sales surpass $74 mn in US
South Korean food company CJ CheilJedang Corp. announced on Monday the cumulative sales of its frozen rice products produced and sold in the United ...
Oct 30, 2023 (Gmt+09:00)
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Electronics
Samsung to sell certified refurbished Galaxy phones in Korea
Samsung Electronics Co. plans to sell certified refurbished Galaxy phones in South Korea at prices up to 50% cheaper than brand-new phones, a move e...
Oct 29, 2023 (Gmt+09:00)
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ASK 2023
Digital infrastructure as essential as water today: asset managers
Digital assets are important components of change in the infrastructure investment landscape today and are as essential as water and electricity, ex...
Oct 27, 2023 (Gmt+09:00)
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Bio & Pharma
Theraject Asia applies for microneedle patent in US
South Korean microneedle company Theraject Asia on Thursday said it recently applied for a US patent for a medical microneedle, specifically a const...
Oct 27, 2023 (Gmt+09:00)
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Korean food
KGC hawks red ginseng at top US expo for health functional food
Jung Kwan Jang, the flagship brand of Korea Ginseng Corp. (KGC), has been featured at North America’s leading expo for raw ingredients of heal...
Oct 27, 2023 (Gmt+09:00)
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Chemical Industry
SK Geo Centric to supply recycled plastic materials to Amcor
SK Geo Centric Co., a South Korean petrochemical company, announced on Thursday it has entered into an agreement to supply recycled plastic material...
Oct 26, 2023 (Gmt+09:00)
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Korean food
Lotte Wellfood promotes Pepero Day in New York
South Korea's Lotte Wellfood Co. announced on Thursday it has started the global campaign for Pepero in the US, the company's iconic chocolate-cover...
Oct 26, 2023 (Gmt+09:00)
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Bio & Pharma
NKMax to perform first tests on dementia cell therapy in US
NKMax Co., South Korea's largest developer of natural killer (NK) cell therapies, will conduct its first clinical trials in the US for its candidate...
Oct 26, 2023 (Gmt+09:00)
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ASK 2023
Stability prioritized over risk-taking assets: Korean investors
South Korean institutional investors increased private lending as interest rates stay higher for longer, while tapping into the secondary market for...
Oct 25, 2023 (Gmt+09:00)
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ASK 2023
NPS to expand listed REIT, private debt investments
South Korea’s National Pension Service (NPS) will increase investing in real estate debt and listed real estate investment trusts (REITs) next...
Oct 25, 2023 (Gmt+09:00)