expand product line
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Chemical Industry
Toray Advanced Materials to spur carbon fiber production in Korea
Toray Advanced Materials Korea Inc. (TAK) broke ground on its new facility for carbon fiber production in Gumi, North Gyeongsang Province on Monday,...
Oct 23, 2023 (Gmt+09:00)
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Automobiles
KG Mobility to supply automotive parts to Saudi SNAM
South Korea's KG Mobility Corp., formerly Ssangyong Motor Co., announced on Monday it signed a memorandum of understanding (MOU) for building a part...
Oct 23, 2023 (Gmt+09:00)
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Robotics
Hankook & Company to expand to robotics with Neubility
South Korea’s Hankook & Company Group, formerly Hankook Tire Group, is expanding to robotics to raise its future competitiveness.The gro...
Oct 23, 2023 (Gmt+09:00)
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Food & Beverage
Paris Baguette to enter Middle Eastern halal market
Paris Baguette, the bakery franchise owned by South Korea's SPC Group, said on Monday it has signed a memorandum of understanding (MOU) with UAE-b...
Oct 23, 2023 (Gmt+09:00)
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Food & Beverage
CJ CheilJedang to export K-Street Foods
South Korean food company CJ CheilJedang Corp. ’s strategic product lineup K-Street Food will be launched in June next year on major global ma...
Oct 23, 2023 (Gmt+09:00)
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Artificial intelligence
KT ties up with Thai company for SE Asia hyperscale AI
KT Corp., South Korea’s No.2 mobile carrier, is set to foray into the large language model (LLM) sector in Southeast Asia amid the country's s...
Oct 22, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Korea's HMM creditors convert $739 mn bonds into shares
Shares of HMM Co., South Korea’s No. 1 container line, are likely to fall as its main creditors exchanged perpetual convertible bonds (CBs) an...
Oct 20, 2023 (Gmt+09:00)
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Korean chipmakers
SK Hynix showcases cutting-edge CXL, AiM memory at OCP Summit
SK Hynix Inc., the world’s second-largest memory chipmaker after Samsung Electronics Co., said on Friday it showcased its next-generation memo...
Oct 20, 2023 (Gmt+09:00)
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Leadership & Management
SK Group needs agility to survive disruptions: chairman
South Korea's No. 2 conglomerate SK Group needs agile responses to rapidly changing business circumstances amid global geopolitical crises, C...
Oct 20, 2023 (Gmt+09:00)
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Food & Beverage
Korea steps up pressure on private sector to ease inflation
South Korea is intensifying pressure on the private sector to curb inflation by forcing companies such as food and beverage makers not to raise prod...
Oct 20, 2023 (Gmt+09:00)
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Korean food
Samyang Foods launches TomYum Buldak Ramen in US
South Korea's Samyang Foods Co. announced on Friday it began to release the new export-exclusive product of Hot Chicken Flavor Ramen, or Buldak Rame...
Oct 20, 2023 (Gmt+09:00)
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Chemical Industry
SK Chemicals develops recycled plastic LP records
South Korea's SK Chemicals Co. unveils recycled plastic LP records.The company announced on Thursday it has jointly developed the EcoRecord, an LP r...
Oct 19, 2023 (Gmt+09:00)
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Steel
POSCO completes automotive steel plates plant in China
South Korea’s POSCO announced on Thursday it completed the new plant for automotive steel plates in Tangshan, Hebei province, China.As a joi...
Oct 19, 2023 (Gmt+09:00)
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Airlines
Air Premia mulls $110 mn rights offer for more long-haul flights
South Korean low-cost carrier (LCC) Air Premia Inc. will make a decision on a rights offering worth up to 150 billion won ($110.4 million) at a boar...
Oct 19, 2023 (Gmt+09:00)
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Energy
LG Energy to expand residential ESS biz with new product
LG Energy Solution Ltd., the world’s second-largest electric vehicle battery manufacturer, is set to launch a new residential energy storage s...
Oct 19, 2023 (Gmt+09:00)
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Bio & Pharma
Daewoong Pharma's GER drug gets product OK from Mexico
South Korea’s Daewoong Pharmaceutical on Wednesday said its gastroesophageal reflux (GER) disease drug Fexuclue (active ingredient fexuprazan ...
Oct 19, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
HD Hyundai, Siemens to jointly build smart shipyard
South Korean HD Hyundai Co. and Siemens, a Germany-based global smart engineering company, will jointly develop a data platform for building a smart...
Oct 18, 2023 (Gmt+09:00)
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Electronics
LG Elec woos US home appliance buyers with smart features
LG Electronics Inc. is ramping up efforts to attract premium home appliance buyers in North America with the "UP Kit" collection of home appliance a...
Oct 17, 2023 (Gmt+09:00)
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Mobile networks
One Store secures $14.8 mn investment from Krafton
South Korean homegrown app store One Store Co. has attracted a 20-billion-won ($14.8-million) investment from Krafton Inc. The company's goal is to ...
Oct 17, 2023 (Gmt+09:00)
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Retail
Lululemon opens logistics center in S.Korea
Global sports brand Lululemon Athletica Inc. opened its first logistics center in South Korea. It's located in Icheon, Gyeonggi Province. This ...
Oct 17, 2023 (Gmt+09:00)
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Korean food
Tous Les Jours overseas stores surpass 400
CJ Foodville, the food subsidiary of South Korea's CJ Group, announced on Tuesday that its bakery brand Tous Les Jours has expanded its global footp...
Oct 17, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Korea's Harim to divest of Hanjin KAL shares to fund HMM acquisition
South Korea’s poultry processing company Harim Group is set to sell off all its Hanjin KAL Co. shares its affiliate owns to secure capital for...
Oct 17, 2023 (Gmt+09:00)
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Electronics
Samsung, LG waging fierce war in OLED screen panels
South Korea’s Samsung Display and LG Display Co. are locked in a fierce war for supremacy in manufacturing OLED panels for monitors amid boomi...
Oct 16, 2023 (Gmt+09:00)
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Culture & Trends
CJ ENM expands global reach with entertainment IP exports
South Korean entertainment giant CJ ENM Co. is broadening its international reach, exporting its widely popular entertainment show intellectual prop...
Oct 13, 2023 (Gmt+09:00)
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Korean food
Dongwon F&B to accelerate global push with StarKist
COLOGNE, Germany – Dongwon F&B Co., South Korea’s largest canned tuna manufacturer, will break away from its domestic sales-focused ...
Oct 12, 2023 (Gmt+09:00)
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The KED View
Five most common frustrations of Korean entrepreneurs
A South Korean company recently gave up on its plan to venture into the burgeoning robot market.Fair-trade regulations that prohibit the creation of...
Oct 12, 2023 (Gmt+09:00)
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Energy
POSCO International, GS Caltex to build palm oil refinery in Indonesia
South Korea’s POSCO International Corp. and GS Caltex Corp. on Thursday signed a $210 million deal to build a bio feedstock refinery facility ...
Oct 12, 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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Automobiles
Genesis unveils Camping Gear Black Edition
Hyundai Motor Co.'s premium brand Genesis announced on Wednesday that it unveils The Camping Gear Black Edition, tailored for camping enthusiasts.&n...
Oct 11, 2023 (Gmt+09:00)
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Private equity
CJ CheilJedang to sell off its Brazilian soybean crusher
South Korean food giant CJ CheilJedang Corp. said Tuesday it will sell its full ownership in Brazilian soybean crusher CJ Selecta S.A., or a 66% sta...
Oct 10, 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