World’s Best Companies
Scope
Date
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Electronics
Galaxy S24 Ultra named best cellphone in US by consumer magazine
Samsung Electronics Co. 's Galaxy S24 Ultra was ranked as the best-performing smartphone in the US, surpassing Apple’s iPhone 16 Pro Max in a ...
Oct 16, 2024 (Gmt+09:00)
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Korean food
S.Korea’s premium kimchi war escalated by luxury hotels
Kimchi, Koreans’ staple food throughout millennia, has become a new, lucrative revenue source for the country’s luxury hotel chain opera...
Oct 16, 2024 (Gmt+09:00)
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Korean food
Mom's Touch to enter Laos in 2025
South Korean homegrown burger and chicken brand Mom's Touch & Co. said on Wednesday that it signed a master franchise agreement with Laos-based ...
Oct 16, 2024 (Gmt+09:00)
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Future mobility
South Korea to designate Jeju as flying taxi pilot service zone
South Korea will designate its resort island Jeju a test operation zone for flying taxis as part of the country’s national urban air mobility ...
Oct 15, 2024 (Gmt+09:00)
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Corporate strategy
K Bank aims to turn into AI-based investment platform: CEO
K Bank, the digital banking unit of South Korean telecom giant KT Corp., aims to turn into an AI-based investment platform after going public later ...
Oct 15, 2024 (Gmt+09:00)
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Electronics
LG Electronics releases World Food Day campaign
LG Electronics Inc. said on Tuesday that it will display World Food Day on outdoor billboards in Times Square, New York, and Piccadilly Circus, Lond...
Oct 15, 2024 (Gmt+09:00)
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Tech, Media & Telecom
S.Korean livestreaming platform SOOP eyes global market
AfreecaTV, South Korea’s first-generation interactive livestreaming service with a nearly two-decade history, has started a new chapter under ...
Oct 15, 2024 (Gmt+09:00)
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Regulations
Big Tech get slap on wrist for tax avoidance in Korea
Global Big Tech companies such as Google, Meta and Netflix have paid a pittance in South Korea taxes and were fined as little as one-ten-thousandth ...
Oct 15, 2024 (Gmt+09:00)
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Logistics
Hyundai Glovis to enter breakbulk transport business
South Korea's Hyundai Glovis Co. said on Tuesday it participates in Breakbulk Americas 2024, a four-day event in Houston starting on October 15.&n...
Oct 15, 2024 (Gmt+09:00)
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Airlines
Zero-sum fears arise in S.Korean airlines’ game of chicken
South Korea’s air carriers are fiercely vying for lucrative or untapped routes in a game of chicken to shore up their falling profit, raising ...
Oct 15, 2024 (Gmt+09:00)
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Shareholder activism
Flashlight Capital offers to buy KT&G’s ginseng business for $1.4 billion
Singapore-based investment management firm Flashlight Capital Partners Pte. (FCP) has offered to buy South Korean tobacco maker KT&G Corp.'s gin...
Oct 14, 2024 (Gmt+09:00)
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Robotics
Samsung to unveil its first wearable robot Bot Fit by end-October
Samsung Electronics Co. will unveil its first wearable robot, Bot Fit, later this month as the South Korean tech giant delves into the global health...
Oct 14, 2024 (Gmt+09:00)
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Tech, Media & Telecom
LG Elec to advance in-cabin sensing solution
LG Electronics Inc. said on Monday it's advancing its in-cabin sensing solution which detects and analyzes the interior of vehicles to prevent acc...
Oct 14, 2024 (Gmt+09:00)
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Banking & Finance
Mirae Asset gets int'l privacy protection certification
South Korea's Mirae Asset Securities Co. said on Monday that it won the international personal information standard ISO 27701 certification after un...
Oct 14, 2024 (Gmt+09:00)
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Energy
Korea’s Hyundai E&C likely to join UK SMR race with Holtec
South Korea’s Hyundai Engineering & Construction Co. (Hyundai E&C), in partnership with US-based Holtec International Corp. is likely ...
Oct 14, 2024 (Gmt+09:00)
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Leadership & Management
Corporate management disputes spring up in S.Korea
An unprecedentedly high number of South Korean corporations have become targets of unwanted hostile takeover attempts or have been embroiled in mana...
Oct 14, 2024 (Gmt+09:00)
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Tech, Media & Telecom
S.Korea tops 5G mobile gaming environment in E.Asia
South Korea led the game score in East Asia with 90.06 out of 100 during the first half of this year, followed by China with 85.64 and Japan with a ...
Oct 14, 2024 (Gmt+09:00)
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Batteries
POSCO Future M begins NCA production in Pohang
South Korea's POSCO Future M Co. has started production of nickel, cobalt, aluminum (NCA) cathode materials at its Pohang factory, three months ea...
Oct 14, 2024 (Gmt+09:00)
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Automobiles
Hyundai Mobis, Zeiss to mass-produce holographic HUDs in 2027
South Korea’s Hyundai Mobis Co., the world’s No. 6 auto parts supplier, has teamed up with German optics giant Zeiss to mass-produce nex...
Oct 13, 2024 (Gmt+09:00)
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Real estate
Korea’s financial exposure to real estate nearly doubles in 10 years
South Korea’s financial exposure to real estate has nearly doubled over the past decade, with lending to households making up about half. The ...
Oct 13, 2024 (Gmt+09:00)
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Future mobility
Supernal aims to launch flying cars at LA 2028 Olympics
Supernal LLC, the US-based urban air mobility (UAM) unit of Hyundai Motor Group, aims to launch its electric vertical take-off and landing (eVTOL) a...
Oct 11, 2024 (Gmt+09:00)
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Investment banking
Korea Investment lists structured warrants in Indonesia
Korea Investment & Securities Co. has become the first South Korean securities firm to list derivative warrants in Indonesia after issuing 11 st...
Oct 11, 2024 (Gmt+09:00)
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Corporate strategy
Lotte Shopping to set up Singapore holding firm, eyes its IPO
Lotte Shopping Co., South Korea’s leading retail company, will transform its special purpose company (SPC) in Singapore into a holding firm to...
Oct 11, 2024 (Gmt+09:00)
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Central bank
BOK flags more rate cuts but in gradual, small steps
South Korea’s central bank is open to more cuts in interest rates after its first rate reduction in more than four years on Friday but only in...
Oct 11, 2024 (Gmt+09:00)
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Airlines
Air Incheon obtains IATA membership
South Korea's cargo airline Air Incheon said on Friday that it received full membership from the International Air Transport Association (IATA) last...
Oct 11, 2024 (Gmt+09:00)
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Steel
Korea’s Dongkuk develops world’s 1st biodegradable film for steel plates
Dongkuk Coated Metal Co. (Dongkuk CM), the cold-rolled steel unit of South Korean steel conglomerate Dongkuk Holdings Co., on Friday unveiled the wo...
Oct 11, 2024 (Gmt+09:00)
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Banking & Finance
Liner raises $20 mn in Series B funding
South Korean AI search startup Liner said on Friday it raised 270 billion won ($200 million) in a Series B funding round led by Atinum Investment an...
Oct 11, 2024 (Gmt+09:00)
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Bio & Pharma
Celltrion's anti cancer drugs hold 90% market share in C.America
South Korea’s Celltrion Inc. said on Friday that its cancer treatments have captured a 90% market share in several Central American countries....
Oct 11, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
HD Hyundai unveils world’s 1st high-pressure ammonia dual-fuel engine
HD Hyundai Heavy Industries Co. said on Thursday it has developed the world's first ammonia dual-fuel engine with a high-pressure direct injection s...
Oct 10, 2024 (Gmt+09:00)
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Artificial intelligence
Microsoft, KT to invest $1.8 bn in Korea’s AI, infrastructure
Microsoft Corp. and KT Corp. plan to invest 2.4 trillion won ($1.8 billion) in South Korea’s artificial intelligence, cloud and infrastructure...
Oct 10, 2024 (Gmt+09:00)
Latest News
- 1 Korea's Hana Bank to promote foreigners as managers in overseas units
- 2 Samsung to unveil 400-layer bonding vertical NAND for AI servers by 2026
- 3 Korean LPs sharpen eyes on GPs' post-investment management
- 4 LG Energy Q3 profit more than doubles on higher sales
- 5 Kakao Mobility to launch outdoor robot delivery