ddu-du spotify 500 million yg entertainment
Scope
Date
~
-
Tech, Media & Telecom
LG to inject $700 million in startups in West Virginia
CHARLESTON, WV – LG Electronics Inc. will form a fund with the State of West Virginia to inject $700 million over the next five years to foste...
Jan 04, 2024 (Gmt+09:00)
-
Korean startups
Sendbird aims to fly even higher, above 300 million
Founded in 2013, Sendbird, a customizable in-app communications platform used by more than 300 million active users monthly, is still hungry for mor...
Jan 03, 2024 (Gmt+09:00)
-
Leadership & Management
Mirae Asset chair to donate subsidiary shares to charity
Mirae Asset Group founder and Chairman Park Hyeon-joo will donate a 25% stake in Mirae Asset Consulting Co., the firm at the top of the financial se...
Jan 03, 2024 (Gmt+09:00)
-
Energy
KEPCO sells 15% stake in KEPCO E&C for $269 million
Korea Electric Power Corp. (KEPCO), South Korea’s state-owned utility company grappling with mounting losses, has secured additional funds of ...
Jan 02, 2024 (Gmt+09:00)
-
Korean startups
Naver’s resale platform Kream joins Korean unicorns
Kream Corp., the resale platform of South Korean online portal giant Naver Corp., has emerged as the latest Korean unicorn with a valuation exceedin...
Dec 28, 2023 (Gmt+09:00)
-
Regulations
BNP Paribas, HSBC fined $20.4 million in Korea for naked short-selling
South Korea’s financial regulator has slapped a combined 26.52 billion won ($20.4 million) in fines on BNP Paribas SA, its Korean brokerage un...
Dec 26, 2023 (Gmt+09:00)
-
Korean chipmakers
Samsung to build $281 million chip packaging R&D center in Yokohama
South Korea’s Samsung Electronics Co., the world’s largest memory chipmaker, will build a 40 billion yen ($281 million) advanced chip pa...
Dec 22, 2023 (Gmt+09:00)
-
Mergers & Acquisitions
Coupang to buy luxury platform Farfetch at $500 mn
Coupang Inc., South Korea’s leading e-commerce platform, plans to acquire Farfetch Holdings, a London-based online retailer for luxury goods, ...
Dec 19, 2023 (Gmt+09:00)
-
Electric vehicles
Shinsegae I&C to open charging station Spharos EV
South Korea’s Shinsegae I&C Inc. announced on Monday that its electric vehicle (EV) charging service Spharos EV will introduce a total o...
Dec 18, 2023 (Gmt+09:00)
-
Shipping & Shipbuilding
HD KSOE wins deal for 3 ultra-large ethane carriers at $500 mn
HD Korea Shipbuilding & Offshore Engineering (KSOE), an intermediate holding company of HD Hyundai, announced on Friday that it has secured a co...
Dec 15, 2023 (Gmt+09:00)
-
Robotics
S.Korea to spend $2.3 bn to quadruple robot market by 2030
South Korea’s public and private sectors will together invest more than 3 trillion won ($2.3 billion) by 2030 to nearly quadruple the domestic...
Dec 14, 2023 (Gmt+09:00)
-
Retail
Korea’s top dollar store chain Daiso buys out Japanese shareholder
South Korea’s AsungHMP Co. has bought a 34.2% stake in Asungdaiso Corp., which operates the country’s top dollar store chain Daiso, from...
Dec 13, 2023 (Gmt+09:00)
-
Mergers & Acquisitions
Mirae Asset acquires Indian brokerage firm Sharekhan for $360 million
South Korea’s leading asset manager Mirae Asset Financial Group has acquired Sharekhan Ltd., India’s 10th-largest brokerage firm, to enh...
Dec 12, 2023 (Gmt+09:00)
-
Artificial intelligence
Former Kakao CEO founds AI entertainment company
Namkoong Whon, the former CEO of South Korea’s Kakao Corp., announced on Friday that he founded artificial intelligence (AI)-based entertain...
Dec 08, 2023 (Gmt+09:00)
-
Batteries
LG, Poland’s ICPT in mega-million-dollar battery module supply deal
South Korea’s LG Energy Solution Ltd. said on Friday it has signed a multiyear deal to supply battery modules to Poland’s Impact Clean P...
Dec 08, 2023 (Gmt+09:00)
-
Energy
KOWEPO inks $302 mn financing deal for Oman solar project
Korea Western Power Co. (KOWEPO) said on Thursday it signed a 400 billion won ($301.8 million) financing deal for a solar power generation project i...
Dec 07, 2023 (Gmt+09:00)
-
Entertainment
CJ ENM, SK Square to merge OTTs to take on Netflix
CJ ENM Co., South Korea’s entertainment powerhouse, and SK Square Co., an investment unit of the country’s No. 2 conglomerate SK Group, ...
Nov 29, 2023 (Gmt+09:00)
-
Energy
SK Group to buy 537 GWh green power from SK E&S
South Korea’s second-largest conglomerate SK Group is accelerating its net zero transition with its affiliates agreeing to buy 537 gigawatts h...
Nov 24, 2023 (Gmt+09:00)
-
Carbon neutrality
Hyundai Motor signs Korea’s largest PPA deal to go carbon neutral
South Korea’s top automaker Hyundai Motor Co. said on Thursday it has signed a power purchase agreement (PPA) with Hyundai Engineering & C...
Nov 23, 2023 (Gmt+09:00)
-
Retail
S. Korea’s CU surpasses 500 global stores
South Korean convenience store chain CU announced on Thursday that it surpassed 500 global stores, achieving an annual footfall of 100 million overs...
Nov 23, 2023 (Gmt+09:00)
-
Batteries
Hyundai to build EV battery pack plant in India by 2025
South Korea’s top automaker Hyundai Motor Co. is set to invest 7 billion rupees ($84 million) to build an electric vehicle battery pack assemb...
Nov 22, 2023 (Gmt+09:00)
-
Energy
SK Earthon starts shipping crude oil from South China Sea
SK Earthon Co., the resources development unit of South Korean energy major SK Innovation Co., said Wednesday that it has started shipping crude oil...
Nov 22, 2023 (Gmt+09:00)
-
Entertainment
SM Entertainment invests in tech startup, music label
K-pop powerhouse SM Entertainment Co. invested 1 billion won ($774,353) in a local app development startup valued at 20 billion won in June 2022 via...
Nov 21, 2023 (Gmt+09:00)
-
Automobiles
Hyundai Transys supplies transmissions to Volkswagen
Hyundai Transys Inc., an auto parts affiliate of Hyundai Motor Group, has started providing transmissions to Volkswagen AG, industry sources said on...
Nov 20, 2023 (Gmt+09:00)
-
Batteries
Trafigura to invest in S.Korea’s EV cell materials maker
Trafigura, a major global commodity trader, is set to invest in a South Korean electric vehicle battery raw materials manufacturer to take advantage...
Nov 17, 2023 (Gmt+09:00)
-
Artificial intelligence
AI to replace high-paid, highly educated doctors, CPAs: BOK
Artificial intelligence poses the biggest threat to high-paid, highly educated professionals such as medical doctors, accountants and engineering te...
Nov 16, 2023 (Gmt+09:00)
-
Tech, Media & Telecom
Kakao Mobility seeks to buy European taxi platform FreeNow
Kakao Mobility Corp., a ride-hailing service unit of South Korean tech giant Kakao Corp., is planning to acquire FreeNow, a European taxi platform o...
Nov 16, 2023 (Gmt+09:00)
-
Electronics
Samsung launches 8TB portable SSD T5 EVO
Samsung Electronics Co. on Wednesday unveiled the T5 EVO portable SSD, a lightweight portable Solid-State Drive (SSD) that provides up to 8 terabyte...
Nov 15, 2023 (Gmt+09:00)
-
Tech, Media & Telecom
LG Uplus buys pet Airbnb-style startup to boost pet care services
LG Uplus Corp. has acquired a domestic dog space rental startup Along as the South Korean mobile carrier is zooming in on pet care services as its n...
Nov 13, 2023 (Gmt+09:00)
-
Hydrogen economy
Samsung C&T to build world’s largest liquid hydrogen tank
South Korea's Samsung C&T Corp. announced on Sunday it received certification for the world's largest liquid hydrogen storage tank design from D...
Nov 13, 2023 (Gmt+09:00)