at 1050 First St. NE
Scope
Date
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Bio & Pharma
Medytox to build plant for finished toxin products in Dubai
South Korea's biopharmaceutical company Medytox Inc. will build a plant for finished products containing botulinum toxin in the United Arab Emirates...
Jan 17, 2023 (Gmt+09:00)
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Bio & Pharma
Medipost completes first dose of Cartistem in phase 3 clinical trials in Japan
South Korea's stem cell research company Medipost Co. said on Monday that it has completed the administration of Cartistem, a stem cell treatment fo...
Jan 17, 2023 (Gmt+09:00)
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Automobiles
Ssangyong Motor takes part in Brussels Motor Show
Ssangyong Motor Co. said on Monday that it would participate in the 2023 European Motor Show Brussels and begin to move into the European market in ...
Jan 16, 2023 (Gmt+09:00)
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Automobiles
Kia's Carens selected as Car of Year in India
Kia Corp. won the "Car of the Year in India" for the first time in three years and five months after entering the Indian auto market.Kia said Sunday...
Jan 16, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung may cut spending as foundry players brace for downturn
Samsung Electronics Co., the world’s largest memory chipmaker, may slash its investment for contract chipmaking known as foundry, as its peers...
Jan 13, 2023 (Gmt+09:00)
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Entertainment
Aespa's first VR concert unveiles at the US music festival
AmazeVR, a virtual reality (VR) concert production and distribution platform company, said on Friday that "Aespa VR Concert at Kwangya" was official...
Jan 13, 2023 (Gmt+09:00)
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Banking & Finance
Woori Bank Launches 3D-based metaverse pilot service
Woori Bank launched a 3D-based metaverse pilot service, the bank said on Friday.The bank will provide two services, one for interaction with small b...
Jan 13, 2023 (Gmt+09:00)
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Korean startups
Major startup event Slush to hold spin-off meeting in Korea
Slush, one of the world’s largest startup events, is set to hold a spin-off meeting in South Korea this year.Slush is a startup and tech event...
Jan 12, 2023 (Gmt+09:00)
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Tech, Media & Telecom
SK Telecom, Nokia demonstrate Korea's first open RAN base station
SK Telecom Co. said on Tuesday that it verified jointly with Nokia the stable 5G speed and coverage performance in a field test by installing a clou...
Jan 11, 2023 (Gmt+09:00)
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Korean startups
POSCO opens first overseas venture incubating office in Silicon Valley
POSCO Group said on Wednesday that it has opened the first overseas office of ChangeUp Ground in Silicon Valley in the US.ChangeUp Ground is a start...
Jan 11, 2023 (Gmt+09:00)
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Chemical Industry
Hyundai L&C wins GR certification for recycled PET packaging sheets
Hyundai Living & Culture, Hyundai Department Store Co. Group's building materials unit, said on Wednesday that it has received Good Recycled Pro...
Jan 11, 2023 (Gmt+09:00)
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Energy
POSCO to enter palm oil refining market in Indonesia
POSCO International Co., a trading arm of South Korea’s steel giant POSCO Co., will build a palm oil refining plant in Indonesia to foray into...
Jan 10, 2023 (Gmt+09:00)
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Chemical Industry
Lotte Chemical conducts product risk assessment first time in Korea
Lotte Chemical Corp. said on Tuesday that it is conducting a risk assessment for its products for the first time in the domestic chemical industry...
Jan 10, 2023 (Gmt+09:00)
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Bio & Pharma
GCCL develops Korea's first automatic clinical trial data sharing system
Global Clinical Central Lab (GCCL), an affiliate of South Korean pharmaceutical firm Green Cross Corp., said on Monday it has jointly developed Kore...
Jan 10, 2023 (Gmt+09:00)
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Airlines
Jeju Air ranked first in domestic routes last year
Jeju Air Co. took first place with an 18.2% share of domestic routes in 2022 for the third straight year from 2020.The airline said on Monday that...
Jan 09, 2023 (Gmt+09:00)
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Electronics
LG Elec sweeps 1st place in Best Washers chosen by US consumers
LG Electronics Inc. swept this year's top spot in all major categories of best washing machines evaluated by Consumer Reports, a leading US consum...
Jan 09, 2023 (Gmt+09:00)
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Economy
Seoul ranks 7th in city competitiveness assessed by Japanese Institute
Seoul's urban competitiveness rebounded after five years, ranking seventh in the world. It was due to the fact that the ranking of the economy categ...
Jan 09, 2023 (Gmt+09:00)
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Korean Innovators at CES 2023
Samsung to launch its first robot to assist with elderly care
Samsung Electronics Co., the world's largest memory chip and smartphone maker, is set to launch its first robot later this year to care for the elde...
Jan 08, 2023 (Gmt+09:00)
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Korean Innovators at CES 2023
Lotte Chemical to take part in CES for first time
South Korea's Lotte Chemical Corp. for the first time will take part this month in CES, the world's largest information technology and home applianc...
Jan 04, 2023 (Gmt+09:00)
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Robotics
Samsung Elec to invest $46 mn in S.Korean robot maker
Samsung Electronics Co., the world’s largest memory chip and smartphone maker, is set to invest 59 billion won ($46.4 million) in South Korean...
Jan 03, 2023 (Gmt+09:00)
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Food & Beverage
Namyang sees big increase in overseas sales of Chupa Chups drink
Namyang Dairy Products is strengthening its presence in the overseas business-to-business (B2B) market through carbonated beverages. The famous loll...
Jan 03, 2023 (Gmt+09:00)
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Korean Innovators at CES 2023
7-Eleven shows off first realistic metaverse store at CES 2023
Convenience store franchiser 7-Eleven said on Tuesday that it would display a new concept metaverse store for the first time in the industry toget...
Jan 03, 2023 (Gmt+09:00)
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Korean games
Qatar, UAE spend most on Korean games, pushing back China, US
Middle Eastern countries have emerged as a blue ocean for the South Korean game industry, ranking first in both per-capita usage amount and playtime...
Jan 02, 2023 (Gmt+09:00)
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Corporate strategy
Korean business chiefs’ Year of the Rabbit messages: Keep investing
South Korea’s top business leaders on the first business day of the year stressed the importance of active investment and concentration of r...
Jan 02, 2023 (Gmt+09:00)
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Banking & Finance
Shinhan Bank to completely scrap mobile, online balance transfer fees
Beginning on New Year's day, Shinhan Bank started waiving all balance transfer fees to other bank accounts and automated transfer fees for its mobil...
Jan 02, 2023 (Gmt+09:00)
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IPOs
Morning food delivery firm Oasis passes Kosdaq listing eligibility review
Oasis Corp., which operates the early morning food delivery platform "Oasis Market," said it passed the eligibility review for listing at Kosdaq mar...
Dec 30, 2022 (Gmt+09:00)
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Mergers & Acquisitions
MBK signs $2 bn deal to acquire 3D dental scanner firm Medit
Asia-focused private equity firm MBK Partners is acquiring Medit Corp., the world’s third-largest 3D dental scanner maker, for 2.45 trillion w...
Dec 29, 2022 (Gmt+09:00)
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Chemical Industry
Solvay named preferred bidder to buy Solus Biotech
Belgian chemicals maker Solvay S.A. has been selected as the preferred bidder to acquire South Korean biomaterials maker Solus Biotech, according to...
Dec 29, 2022 (Gmt+09:00)
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Automobiles
Self-driving bus running on main roads launched for first time in S.Korea
South Korea in a first for the country has launched self-driving buses running on bus rapid transit (BRT) routes.The Ministry of Land, Infrastructur...
Dec 27, 2022 (Gmt+09:00)
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Airlines
T’way Air becomes first local budget carrier to fly Incheon to Sydney
T'way Air Co. launched a new flight route linking Incheon with Sydney, Australia, embarking into the long-haul flight sector.T'way said on Sunday ...
Dec 26, 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