data industry
Scope
Date
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Aerospace & Defense
S.Korea to spur defense sector tech with $1.5 bn R&D investment
South Korea plans to accelerate growth in the defense industry, a future growth engine of Asia’s fourth-largest economy, by investing more tha...
Feb 23, 2023 (Gmt+09:00)
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Tech, Media & Telecom
KT’s global digital push deepens with Singtel partnership
KT Corp. has joined hands with Singapore Telecommunications Ltd. (SingTel) to export its cloud and artificial intelligence (AI) technologies, as wel...
Feb 22, 2023 (Gmt+09:00)
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Tech, Media & Telecom
POSCO ICT to be rebranded as POSCO DX for digital transformation
POSCO ICT Co., the IT services subsidiary of South Korean steelmaker POSCO Holdings Inc., announced on Sunday that it will rebrand itself as POSCO D...
Feb 20, 2023 (Gmt+09:00)
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Korean chipmakers
Chip designers in high demand despite industry slowdown
The semiconductor industry is reeling from a chip supply glut amid a broader global economic slowdown. However, as the saying goes, every cloud has ...
Feb 17, 2023 (Gmt+09:00)
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Foreign exchange
S.Korean won near 2-month low as US data fans Fed hike views
The South Korean won skidded to a near two-month low on Friday as hotter-than-forecast US inflation data added to expectations that the Federal Rese...
Feb 17, 2023 (Gmt+09:00)
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Tech, Media & Telecom
LG Uplus to invest $77.3 million annually against data theft
South Korea’s third-largest mobile carrier LG Uplus Corp. will spend 100 billion won ($77.3 million) a year to enhance data security about a m...
Feb 17, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Igaworks partners with Vietnam’s Clever Group to supply data platform
South Korean big data platform company Igaworks said on Thursday it has signed a contract and strategic alliance deal with Vietnam’s largest m...
Feb 17, 2023 (Gmt+09:00)
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Batteries
S.Korea's battery industry looks for staff fluent in European languages
South Korea's battery companies are seeking human resources fluent in the languages and familiar with the cultures of countries where plants are loc...
Feb 17, 2023 (Gmt+09:00)
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The KED View
Vietnam’s rise: An ominous sign for Korean chipmakers
Just a few years back, it was Taiwan that was on everyone’s lips in the semiconductor industry.The small East Asian island country, home to th...
Feb 16, 2023 (Gmt+09:00)
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Tech, Media & Telecom
S.Korea's extended reality sector forms industry convergence alliance
The Korea Display Industry Association (KDIA) on Wednesday signed a memorandum of understanding (MOU) on a convergence alliance of the domestic exte...
Feb 16, 2023 (Gmt+09:00)
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Korean startups
Cizion, Parameta form strategic partnership for data protocol
Cizion, a South Korean data-specialized startup, announced on Tuesday that it has entered into a strategic partnership with Parameta, a domestic IT ...
Feb 15, 2023 (Gmt+09:00)
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Robotics
Hyundai Elevator's open API sees rapid expansion of participants
Hyundai Elevator Group announced on Tuesday that its open API (application programming interface), which was launched in March last year, has seen r...
Feb 14, 2023 (Gmt+09:00)
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Korean stock market
KB Securities launches AI-based RoboNews on US stocks
South Korea's KB Securities announced the launch of KB RoboNews on Monday, a cutting-edge artificial intelligence (AI) service that provides insight...
Feb 14, 2023 (Gmt+09:00)
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Advertising & Marketing
S.Korea's Kyung Dong Navien expands its business in Central Asia
South Korea's heating systems manufacturer Kyung Dong Navien Co. held a conference for 100 local dealers in Tashkent, Uzbekistan, on Feb. 10.The con...
Feb 13, 2023 (Gmt+09:00)
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Tech, Media & Telecom
LG U+, Plana jointly research data transmission tech for urban air mobility
South Korea's LG Uplus Corp. and Plana, a domestic startup for urban air transportation (UAM) craft, have signed a business deal on joint research o...
Feb 13, 2023 (Gmt+09:00)
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Banking & Finance
Shinhan Financial returns to top in Korea with record NP in 2022
Shinhan Financial Group Co. reported a record-high net profit of 4.6 trillion won ($3.6 billion) last year, snatching back the crown of South Korea&...
Feb 09, 2023 (Gmt+09:00)
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ESG
Hyundai Rotem releases data on eco-friendly railway businesses
Hyundai Rotem, the railway system subsidiary of Hyundai Motor Group, announced on Monday it has published information about its sales and research a...
Feb 07, 2023 (Gmt+09:00)
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Foreign exchange
Korean won falls on firm US jobs data, new BOJ head report
The South Korean won currency skidded to a four-week low on Monday as stronger-than-expected US employment data renewed expectations that the Federa...
Feb 06, 2023 (Gmt+09:00)
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Shareholder activism
South Korean companies rattled by activist shareholders
South Korea’s major companies are under attack by activist shareholders, who are exerting ever-increasing clout over critical corporate decisi...
Feb 06, 2023 (Gmt+09:00)
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Tech, Media & Telecom
LS Electric receives int'l certification for R&D process security
LS Electric Co., a South Korean electric power and automation equipment maker, has achieved a major milestone by obtaining international standard ce...
Feb 06, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Dongwon Industries in talks to buy McDonald’s Korea as exclusive suitor
Dongwon Industries Co. will discuss a deal with McDonald’s Corp. to buy the latter’s Korean operations in hopes of riding on the renewed...
Feb 06, 2023 (Gmt+09:00)
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Banking & Finance
Industrial Bank of Korea goes all in with Eastern Europe push
Industrial Bank of Korea (IBK) will open an office in Poland in the first half of this year, with analysts saying the bank's president Kim Seong-tae...
Feb 06, 2023 (Gmt+09:00)
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Korean stock market
Korea Shipbuilding & Offshore Engineering ends fears over stock overhang
Korea Shipbuilding & Offshore Engineering (KSOE), a subholding company for shipbuilding, oil refining and machinery conglomerate HD Hyundai Co. ...
Feb 03, 2023 (Gmt+09:00)
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Earnings
Meritz Securities poised to become Korea’s No. 1 for first time
Meritz Securities Co., once a mid-tier securities firm in South Korea, is expected to command the local market as No. 1 after earning more than 1 tr...
Feb 03, 2023 (Gmt+09:00)
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Carbon neutrality
SK Ecoplant passes industry-first carbon reduction target verification
South Korea's construction and engineering company SK Ecoplant Co. said on Thursday that it has passed the greenhouse gas reduction target verificat...
Feb 03, 2023 (Gmt+09:00)
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IPOs
S.Korea's online K Bank withdraws plan for Kospi listing
South Korea's K Bank has withdrawn its highly anticipated plan to hold an IPO this year in the judgement of a lower corporate value due to the slugg...
Feb 03, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Samsung Heavy Industries adopts integrated monitoring system
In a first for shipbuilding, South Korea's Samsung Heavy Industries has developed a system to confirm all data generated in the process of shipbuild...
Feb 03, 2023 (Gmt+09:00)
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Future mobility
Tmap, Shinsegae I&C sign agreement for EV charging collaboration
Tmap Mobility said on Monday that it has signed an agreement for the electric vehicle charging business with Shinsegae I&C, an IT service affili...
Jan 31, 2023 (Gmt+09:00)
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Earnings
Samsung vows no chip output cut, eyes second-half demand recovery
Samsung Electronics Co. said on Tuesday it has no plans to cut semiconductor production even if it incurs temporary losses as the world’s larg...
Jan 31, 2023 (Gmt+09:00)
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Leadership & Management
Companies prioritize sense of responsibility over skills when hiring staff: study
Two-thirds of South Korea's top 100 companies are looking for talented employees with a spirit of challenge and sense of responsibility, mainly beca...
Jan 31, 2023 (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