developing markets
Scope
Date
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Food & Beverage
Maeil cracks China’s alternative milk market with Starbucks deal
South Korea’s Maeil Dairies Co. has jumped into China’s alternative milk market, worth $17 billion in 2022, by supplying Almond Breeze B...
Apr 04, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Daewoo Shipbuilding, GE Power Conversion to develop smart ship tech
South Korea's Daewoo Shipbuilding & Marine Engineering Co. (DSME) on Tuesday said it signed a memorandum of understanding with the global energy...
Apr 04, 2023 (Gmt+09:00)
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E-commerce
Kurly seeks fresh funding at half its peak valuation
Kurly Inc., South Korea’s leading food delivery platform, has embarked on a new funding round to raise 100 billion won ($76 million) at about ...
Apr 03, 2023 (Gmt+09:00)
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ESG
SK Siltron joins UNGC to strengthen ESG management
South Korean silicon wafer maker SK Siltron Co. announced on Monday that it has joined the United Nations Global Compact (UNGC) to strengthen its en...
Apr 03, 2023 (Gmt+09:00)
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Batteries
LG Energy tops global EV battery market excluding China
South Korea's LG Energy Solution Ltd. in January and February maintained its No. 1 position on the global market for electric vehicle (EV) batteries...
Apr 03, 2023 (Gmt+09:00)
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Advertising & Marketing
Innocean's subsidiary D&G opens Brooklyn office
Innocean, a Hyundai Motor Group-affiliated advertising agency, announced on Monday that it has opened a Brooklyn office of creative subsidiary David...
Apr 03, 2023 (Gmt+09:00)
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Electronics
Doosan, Ionic Materials collaborate in liquid crystal polymer
Doosan Corp., the holding company of South Korea's Doosan Group, said on Monday that it has entered a joint development agreement (JDA) with US-base...
Apr 03, 2023 (Gmt+09:00)
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Korean stock market
VIP Asset’s new mutual fund to forgo operating fees if it posts losses
VIP Asset Management Co., a leading South Korean asset manager, said on Friday it is launching a new mutual fund, and its managers won’t take ...
Mar 31, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Hyundai Mipo wins $184 mn order four mid-sized PC carriers
Hyundai Mipo Dockyard Co., a subsidiary of HD Hyundai Group's shipbuilding division, has secured a construction contract for four medium-sized PC (p...
Mar 31, 2023 (Gmt+09:00)
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Food & Beverage
CJ Haechandle Gochujang acquires Europe's V-Label
CJ CheilJedang Corp.'s flagship fermented food brand Haechandle Gochujang (hot pepper paste) is set to expand into the global market, backed by its ...
Mar 31, 2023 (Gmt+09:00)
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Hydrogen economy
Doosan Mobility Innovation, MIT to develop hydrogen motorcycle
South Korea's Doosan Mobility Innovation (DMI), a hydrogen fuel cell-making subsidiary of Doosan Corp., on Thursday announced a partnership with the...
Mar 31, 2023 (Gmt+09:00)
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Retail
Rolex resale prices tumble as the wealthy young tighten belts
The most sought-after luxury items such as Rolex watches and Chanel bags are selling at a much lower premium, or even below their original prices in...
Mar 31, 2023 (Gmt+09:00)
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Bio & Pharma
Hugel names ex-CEO of LG Household & Health Care as chairman
South Korea's biopharmaceutical company Hugel Inc. on Friday said it appointed Cha Suk-yong, former CEO and vice chairman of LG Household & Heal...
Mar 31, 2023 (Gmt+09:00)
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Retail
WRC-approved longest-distance golf ball ATTOMAX on sale in Korea
ATTOMAX golf balls approved by the World Record Committee (WRC) as the longest-flying golf balls in the world finally hit the South Korean market on...
Mar 31, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Budget Galaxy A34 5G to be released in domestic market
Samsung Electronics Co. announced on Thursday that it will release the budget smartphone Galaxy A34 5G in the domestic market starting tomorrow.The ...
Mar 30, 2023 (Gmt+09:00)
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Insurance
Hanwha Life acquires Indonesia's Lippo General Insurance
South Korea's Hanwha Life Insurance said on Thursday that it has acquired a 62.6% stake in Indonesian insurer Lippo General Insurance, in collaborat...
Mar 30, 2023 (Gmt+09:00)
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Construction
Eugene Corp. develops concrete production simulation system
South Korea's Eugene Corporation, which specializes in ready-mixed concrete and construction material distribution, announced on Wednesday that it h...
Mar 30, 2023 (Gmt+09:00)
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Bio & Pharma
Kolon Pharma to merge with anti-cancer drug developer Platbio
Kolon Pharma, the pharmaceutical affiliate of South Korea's Kolon Group, is merging with anti-cancer drug developer Platbio to advance the developme...
Mar 30, 2023 (Gmt+09:00)
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Bio & Pharma
Biosimilar giant Celltrion to transform into drug developer
South Korean biosimilar giant Celltrion Group aims to transform into a drug developer by generating 40% of sales from new medicines by 2030 as it is...
Mar 29, 2023 (Gmt+09:00)
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Insurance
SGI Insurance signs MOU with IADB to revitalize guarantee insurance
Seoul Guarantee Insurance Company (SGI) announced on Wednesday that it had entered into a memorandum of understanding with the Inter-American Develo...
Mar 29, 2023 (Gmt+09:00)
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Construction
LX Hausys partners with Belgian firm for premium window market
South Korean company LX Hausys, specializing in building materials and interior products, has signed a strategic partnership agreement for aluminium...
Mar 29, 2023 (Gmt+09:00)
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Electronics
LG Innotek unveils new 5G communication module for self-driving cars
South Korea’s LG Innotek Co. on Wednesday unveiled its second-generation 5G communication module for use in autonomous driving cars.Based on Q...
Mar 29, 2023 (Gmt+09:00)
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Artificial intelligence
S.Korea's Elice, FuriosaAI to develop training for AI semiconductor talent
South Korea's artificial intelligence (AI) digital education provider Elice on Tuesday said it signed a memorandum of understanding with the AI semi...
Mar 28, 2023 (Gmt+09:00)
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Aerospace & Defense
Hyundai E&C, KAI to develop export-type package for defense industry
South Korea's Hyundai Engineering & Construction (E&C) and Korea Aerospace Industries Ltd. (KAI) will jointly develop an export package for ...
Mar 28, 2023 (Gmt+09:00)
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Bio & Pharma
Korea's CJ Bioscience buys drug candidates from 4D pharma of the UK
South Korea’s pharmaceutical and healthcare company CJ Bioscience Inc. has acquired drug candidates from the UK's 4D pharma plc. to improve co...
Mar 27, 2023 (Gmt+09:00)
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Bio & Pharma
S.Korea's microneedle maker Raphas to enter US market
South Korea's microneedle maker Raphas Co. is expediting its entry into the American pharmaceutical market after entering the country's cosmetics se...
Mar 27, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung's Lee visits growth driver MLCC China plant
Samsung Electronics Co. Chairman Jay Y. Lee has chosen Samsung Electro-Mechanics Co.'s new multi-layer ceramic capacitor (MLCC) plant in Tianjin as ...
Mar 27, 2023 (Gmt+09:00)
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Artificial intelligence
LG takes lead in nurturing young AI talent by holding AI hackathon
South Korea's LG announced on Sunday that it held the "LG AI Hackathon" for nurturing young artificial intelligence (AI) talent for two days from ...
Mar 27, 2023 (Gmt+09:00)
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Korean chipmakers
Korean research team develops AI chip to cut power use
South Korean scientists have developed a chip that needs less electricity for advanced efficiency and data processing to help the country’s se...
Mar 26, 2023 (Gmt+09:00)
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Aerospace & Defense
S.Korea to benefit from rising global defense spending
South Korea is expected to log another year of record defense exports in 2023 thanks to growing military budgets across the world as local major arm...
Mar 24, 2023 (Gmt+09:00)