commercial world first
Scope
Date
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Automobiles
KCC opens US refinish color center
South Korean chemical and auto parts maker KCC Corp. opened its first overseas refinish color center in the US. According to the company's anno...
Oct 13, 2023 (Gmt+09:00)
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Electric vehicles
Hyundai Motor to manufacture BAIC’s Arcfox EVs in China
BEIJING -- Hyundai Motor Co. is set to manufacture electric vehicles of Arcfox, a Chinese EV brand owned by BAIC Motor Corp., as the leading South K...
Oct 11, 2023 (Gmt+09:00)
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Samsung Group
Samsung beats Apple, Google to earn title as world’s best employer
Samsung Electronics Co. has retained the world’s best employer title this year for the fourth consecutive year, according to US business magaz...
Oct 11, 2023 (Gmt+09:00)
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Earnings
LG Energy Q3 profit at record high on gains from US battery tax credit
LG Energy Solution Ltd., one of the world’s leading battery makers, said on Wednesday its operating profit soared to a record high in the th...
Oct 11, 2023 (Gmt+09:00)
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Robotics
Hyundai Wia showcases autonomous parking robot
South Korea’s No. 2 automotive parts supplier Hyundai Wia Corp. announced its participation in the country's largest robotics industry exhibit...
Oct 11, 2023 (Gmt+09:00)
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Corporate strategy
Hanwha Group chair calls for startup-like entrepreneurial spirit
South Korea’s Hanwha Group Chairman Kim Seung-youn on Monday urged the defense-to-financial conglomerate to revive the bold innovations of its...
Oct 10, 2023 (Gmt+09:00)
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Earnings
LG Elec beats earnings estimates on healthy automotive biz
LG Electronics Inc., the leading global home appliance maker, reported better-than-expected quarterly earnings thanks to the strong automotive busin...
Oct 10, 2023 (Gmt+09:00)
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Food & Beverage
S.Korea’s Gopizza to open branch at Singapore Changi airport
South Korean food tech startup Gopizza, known for its single-serving pizza prepared by robots, on Tuesday said it will open a branch on Nov. 1 at Si...
Oct 10, 2023 (Gmt+09:00)
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Bio & Pharma
SK Plasma gets investment from Indonesian fund
South Korea’s SK Plasma on Tuesday said it signed a term sheet, or a nonbinding agreement on the basic terms and conditions of an investment, ...
Oct 10, 2023 (Gmt+09:00)
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Hydrogen economy
Hyundai, Iveco solidify partnership with E-WAY H2 hydrogen fuel cell bus
South Korea’s top automaker Hyundai Motor Co. and Italian truck maker Iveco Group N.V. have consolidated their business partnership through th...
Oct 09, 2023 (Gmt+09:00)
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Corporate strategy
From fast follower to first mover under Hyundai Motor's Chung
Hyundai Motor Group Chairman Chung Euisun emphasized “customers” as his management keyword when he took the helm of the largest automoti...
Oct 04, 2023 (Gmt+09:00)
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Airlines
Incheon Airport’s cumulative passengers surpass 800 mn
Incheon International Airport, which opened in 2001, has surpassed a cumulative total of 800 million passengers. Incheon International Airport Corpo...
Oct 04, 2023 (Gmt+09:00)
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Batteries
SK On named to Fortune’s Change the World list
South Korea’s electric vehicle (EV) battery maker SK On is among innovative companies that have changed the world according to Fortune, a le...
Oct 04, 2023 (Gmt+09:00)
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Travel & Leisure
Foreign visitors to S.Korea more than triple on-year in August
The number of foreign tourists visiting South Korea has exceeded 1 million for two consecutive months since the outbreak of COVID-19.According to th...
Sep 27, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Kakao completes first in-house data center
South Korean tech giant Kakao Corp. has completed construction of its first in-house data center that can store 120,000 computer servers, with its l...
Sep 27, 2023 (Gmt+09:00)
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Automobiles
Genesis unveils redesigned GV80, first-ever GV80 Coupe
Hyundai Motor Co.'s premium brand Genesis on Wednesday unveiled the partially redesigned model of its flagship sports utility vehicle (SUV), the GV8...
Sep 27, 2023 (Gmt+09:00)
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Artificial intelligence
SK Tel launches world’s 1st Korean large language model
SK Telecom Co. on Tuesday announced the official launch of the world’s first Korean large language model (LLM) “A.”, or A Dot, whi...
Sep 26, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung set to keep supremacy in low power DRAM with game changer
South Korea’s No. 1 memory chip maker Samsung Electronics Co., also the world’s top player, is set to further break away from the pack w...
Sep 26, 2023 (Gmt+09:00)
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Carbon neutrality
SK E&S, Honeywell UOP to capture carbon from LNG plants
SK E&S Co., a clean energy unit of South Korea’s No. 2 conglomerate SK Group, and Honeywell UOP, a US major refining and petrochemical tec...
Sep 26, 2023 (Gmt+09:00)
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Construction
HD Hyundai, POSCO to team up for unmanned technology
South Korea's HD Hyundai Co. announced on Tuesday that it has signed a business agreement with POSCO Group for the development of unmanned technolog...
Sep 26, 2023 (Gmt+09:00)
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Commodities
POSCO, Bartlett to set up grain procurement joint venture
South Korea’s POSCO International Corp. plans to invest in Bartlett and Company’s soybean processing company within the year and set up ...
Sep 26, 2023 (Gmt+09:00)
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Electronics
LG Elec takes on Lenovo, Asus in foldable laptop race
LG Electronics Inc. will join the race to lead the emerging foldable laptop market, currently led by foreign notebook majors Lenovo Ltd. and ASUSTeK...
Sep 25, 2023 (Gmt+09:00)
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Chemical Industry
SKC plans world’s largest biodegradable plastic plant in Vietnam
South Korea’s SKC Ltd., secured an investment registration certificate (IRC) to establish the world’s largest biodegradable plastics m...
Sep 25, 2023 (Gmt+09:00)
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Aerospace & Defense
SK Telecom to commercialize UAM with American partner
South Korea's SK Telecom Co. will launch domestic commercial operations in urban air mobility (UAM) with Joby Aviation, a Santa Cruz, California-b...
Sep 25, 2023 (Gmt+09:00)
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Energy
Taihan Cable bags $60 mn high-voltage power grid deal in Bahrain
Taihan Cable & Solution Co., a South Korean major cable manufacturer, has won its first-ever order in Bahrain, worth about $60 million, to build...
Sep 22, 2023 (Gmt+09:00)
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Central bank
Korean financial markets tumble as Fed signals higher rates
South Korean stocks, bonds and its currency tumbled on Thursday as the US Federal Reserve gave indications of another interest rate hike this year a...
Sep 21, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Samsung Heavy develops laser high-speed welding robot for LNG vessels
South Korea's Samsung Heavy Industries said on Thursday that it has developed the maritime sector's first laser high-speed welding robot, aimed at s...
Sep 21, 2023 (Gmt+09:00)
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Electronics
Samsung tops US customer satisfaction in PC sector
Samsung Electronics Co. has been rated as the most satisfactory PC brand among US consumers, according to a survey by the American Customer Satisfac...
Sep 21, 2023 (Gmt+09:00)
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Beauty & Cosmetics
S.Korea's Cosmax wins halal award in Indonesia
Cosmax Inc., a South Korean original development manufacturer (ODM) of global cosmetics that also does research and development in the field, has wo...
Sep 20, 2023 (Gmt+09:00)
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Mergers & Acquisitions
SK becomes top shareholder of US contract drug maker CBM
SK Pharmteco Co., a South Korean contract development and manufacturing organization (CDMO), said on Wednesday it has secured management rights of t...
Sep 20, 2023 (Gmt+09:00)