eco-friendly businesses
Scope
Date
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Aerospace & Defense
Defense giants eager to bolster satellite business
In the era of space privatization, satellites are the driving forces.South Korea’s main defense systems makers are turning away from arms expo...
Feb 11, 2022 (Gmt+09:00)
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Petrochemicals
Samsung hires ex-US Amb. Lippert as PR chief for N.American business
WASHINGTON D.C. – Samsung Electronics Co. has hired Mark Lippert, former US ambassador to South Korea, as an executive in charge of corporate ...
Feb 10, 2022 (Gmt+09:00)
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Batteries
Lotte Chemical to invest $502 mn in eco-friendly materials plants in Korea
South Korea’s Lotte Chemical Corp. is set to spend 602 billion won ($501.5 million) in building eco-friendly materials plants at one of its pe...
Feb 07, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
Hyundai, Daewoo race for ship orders after merger fails
The world’s two largest shipbuilders Hyundai Heavy Industries Group and Daewoo Shipbuilding & Marine Engineering Co. are battling it out t...
Feb 04, 2022 (Gmt+09:00)
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Corporate restructuring
POSCO wins shareholder support to launch holding firm
South Korea's POSCO Co. will transform into a holding company structure on Mar. 2, after its plan to split itself into a holding firm and a steelmak...
Jan 28, 2022 (Gmt+09:00)
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Entertainment
Naver to invest $330 mn in content business expansion
Naver Corp., South Korea’s online portal giant, decided to make an additional investment in a web content unit to expand its global webtoon an...
Jan 28, 2022 (Gmt+09:00)
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Earnings
LG overtakes Whirlpool as top appliance maker with record 2021 sales
LG Electronics Inc. has overtaken Whirlpool Corp. as the world’s top manufacturer of home, kitchen and laundry appliances after posting record...
Jan 27, 2022 (Gmt+09:00)
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Metaverse
Netmarble vows aggressive expansion in blockchain, metaverse
Netmarble Corp. unveiled detailed plans for a hawkish entry into the blockchain and metaverse industries on Thursday. The mobile game developer...
Jan 27, 2022 (Gmt+09:00)
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Earnings
Hyosung's operaing profit reaches record $2 bn last year
Hyosung Group’s annual operating profit exceeded two trillion won ($1.9 billion) for the first time since the company was founded in 1966.Loca...
Jan 27, 2022 (Gmt+09:00)
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Hydrogen economy
Samsung, Lotte, POSCO to build hydrogen plant in Malaysia
Samsung Engineering Co., Lotte Chemical Corp., and POSCO signed a memorandum of understanding (MoU) with Sarawak Economic Development Corporation (S...
Jan 26, 2022 (Gmt+09:00)
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Hydrogen economy
Hyosung goes greener with $836 million green hydrogen project
Hyosung Group is stepping up efforts to turn into an eco-friendly business, announcing huge investment plans on hydrogen and renewable energy projec...
Jan 24, 2022 (Gmt+09:00)
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Markets
Time to buy Korean entertainment stocks?
Hopes for a rebound in South Korea’s entertainment shares emerged as their earnings are expected to improve on new businesses and their valuat...
Jan 20, 2022 (Gmt+09:00)
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Korean games
Microsoft $69 bn bet spurs Korea game makers' search for metaverse deals
South Korea’s game developers are expected to seek more acquisitions of the metaverse and non-fungible token (NFT) companies for new profit so...
Jan 20, 2022 (Gmt+09:00)
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Korean food
Vegan foodmaker Organica attracts funding from China's CITIC
Plant-based food company Organica Corp. has attracted investment from China’s alternative investment firm CITIC Capital Holdings Ltd. This mar...
Jan 20, 2022 (Gmt+09:00)
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Digital assets
Korea's Mirae Asset to launch digital asset business
Mirae Asset Financial Group, South Korea’s capital market giant, is set to enter the digital asset business, starting with a digital asset cus...
Jan 19, 2022 (Gmt+09:00)
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Corporate restructuring
Hyundai Engineering’s new business keywords: Hydrogen, mini reactors
Hyundai Engineering Co., the plant engineering and construction unit of South Korea’s Hyundai Motor Group, is reorganizing its business struct...
Jan 18, 2022 (Gmt+09:00)
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Logistics
Coupang to shake up Korea’s logistics industry landscape
South Korea’s e-commerce giant Coupang Inc. is looking to tap into the country’s logistics industry, shaking up the sector, while market...
Jan 12, 2022 (Gmt+09:00)
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M&As
The Princeton Review up for sale by Korean edutech firm
South Korea's leading edutech service firm has put The Princeton Review up for sale, five years after it acquired the US college test preparation se...
Jan 11, 2022 (Gmt+09:00)
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Shareholder value
Tighter rules on business split-ups may benefit SK Inc.
As South Korean securities regulators are moving to tighten their grip on the growing trend of splitting up businesses and listing the spun-off arms...
Jan 11, 2022 (Gmt+09:00)
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REITs
Korean REITs total assets surpass $58 bn in 2021
The combined total assets of real estate investment trusts (REITs) in Korea surpassed 70 trillion won ($58.4 billion) as of the end-2021, 20 years a...
Jan 10, 2022 (Gmt+09:00)
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CES 2022
Hyundai to sell half of cars in US with eco-friendly models by 2030
Hyundai Motor Co., South Korea’s top automaker, aims to sell half of the cars in the US with eco-friendly models by 2030, increasing sales of ...
Jan 10, 2022 (Gmt+09:00)
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CES 2022
SK subsidiaries form ICT alliance
South Korea’s third-largest chaebol, SK Group, announced its plans to launch a consultative body to create synergy among its three subsidiar...
Jan 09, 2022 (Gmt+09:00)
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Batteries
Korea Zinc to ditch low-key strategy to go beyond metal
South Korea's two non-ferrous metal product leaders Korea Zinc Inc. and Poongsan Corp. are tipped to report their record earnings in 2021, after str...
Jan 06, 2022 (Gmt+09:00)
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Electronics
Samsung Electronics to open its eco-friendly tech to competitors
LAS VEGAS – Samsung Electronics Co. has announced that it will make its eco-friendly technologies openly available to its competitors as part ...
Jan 06, 2022 (Gmt+09:00)
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Future mobility
Hyundai’s Chung charts vision as top-tier eco-friendly auto brand
South Korea’s top automaker Hyundai Motor Group on Monday set out its vision to be a top-tier eco-friendly auto brand with its focus on electr...
Jan 03, 2022 (Gmt+09:00)
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Hydrogen economy
Hyundai Motor unveils world’s first hydrogen garbage truck
Hyundai Motor Group revealed a clip of the world’s first hydrogen-powered garbage truck Thursday. The video titled “Dear My Hero” ...
Dec 30, 2021 (Gmt+09:00)
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Carbon neutrality
POSCO mothballs Korea’s oldest blast furnace for carbon neutrality
Park Tae-joon, the late honorary chairman of POSCO Co., and other key founding members of the global steel giant celebrated on June 9, 1973, when So...
Dec 29, 2021 (Gmt+09:00)
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Mergers & Acquisitions
E-Mart in exclusive talks to buy US food company
South Korea's largest supermarket chain E-Mart Inc. has spent nearly $4 billion on acquisition deals so far this year, including the $3 billion purc...
Dec 28, 2021 (Gmt+09:00)
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Korean startups
SK Square injects $29.5 million into agriculture startup
Korean investment firm SK Square Co. Ltd. has invested approximately 35 billion won ($29.5 million) into homegrown agriculture tech startup Greeln...
Dec 27, 2021 (Gmt+09:00)
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IPOs
Korea’s IPO market renews record highs
South Korea’s initial public offering market continues to rewrite history this year. More than 20 million people have participated in the...
Dec 27, 2021 (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