financial performance
Scope
Date
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Chemical Industry
SK Geo Centric, Youlchon Chemical to develop recyclable plastic
South Korea's SK Geo Centric Co. and Youlchon Chemical Co. announced on Sunday that they signed a memorandum of understanding (MOU) to co-develop re...
Apr 01, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor opens N brand tuning online shop
Hyundai Motor Co. announced on Friday that it opened an online shop for its high-performance car N brand's tuning, The N Performance Shop. The ...
Mar 29, 2024 (Gmt+09:00)
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Automobiles
Kia, Hyundai sweep World Car Awards with EV9, IONIQ 5 N
NEW YORK – Hyundai Motor Group, the world’s No. 3 carmaker, has swept the 2024 World Car Awards, a global premier standard for automotiv...
Mar 28, 2024 (Gmt+09:00)
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Mergers & Acquisitions
KDB halts KDB Life sale process to take full control
The state-run Korea Development Bank (KDB) has suspended the protracted sale process of KDB Life Insurance Co. to take full control of the insurer b...
Mar 27, 2024 (Gmt+09:00)
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Artificial intelligence
LG CNS to lead digital transformation at FPT in Vietnam
LG CNS Co., an information technology service company under South Korean conglomerate LG Group, will lead the digital transformation of FPT Group, a...
Mar 26, 2024 (Gmt+09:00)
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Electric vehicles
Hyundai boosts Genesis with enhanced performance, luxury
NEW YORK -- Hyundai Motor Co., South Korea’s top automaker, is set to boost its premium brand Genesis with performance models and more luxury ...
Mar 26, 2024 (Gmt+09:00)
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Banking & Finance
Samsung seeks to launch new super mobile banking app with a local bank
Samsung Financial Networks, a union of Samsung Group’s four financial affiliates, is seeking to launch a super mobile banking app in partnersh...
Mar 25, 2024 (Gmt+09:00)
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Earnings
Weak property market cuts into Korean securities firms’ profits
dd South Korea’s securities firms suffered a 20% fall in overall net profit last year hurt by the weak property market, adding to bearish vie...
Mar 25, 2024 (Gmt+09:00)
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Retail
E-Mart's credit rating drops on weak retail earnings
The credit rating of E-Mart Inc., South Korea’s top hypermarket chain operator, was downgraded to AA- by local agency NICE Information Service...
Mar 22, 2024 (Gmt+09:00)
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Banking & Finance
DGB Financial launches overseas asset management
South Korea's DGB Financial Group announced on Thursday that it opened its first overseas subsidiary Hi Asset Management Asia (HiAMA) in Singapore.H...
Mar 14, 2024 (Gmt+09:00)
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Private equity
EQT sells Shinhan Financial stake in block deal at 30% IRR
EQT Private Capital Asia sold 415.5 billion won ($311.9 million) worth of shares in South Korea’s Shinhan Financial Group Co. in a block deal ...
Mar 07, 2024 (Gmt+09:00)
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Banking & Finance
Woori Financial to sponsor MLB Seoul Series
South Korea's Woori Financial Group announced on Tuesday that it will be an official sponsor of the US Major League Baseball World Tour Seoul Series...
Mar 05, 2024 (Gmt+09:00)
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Private equity
IMM PE sells $135 mn Woori Financial shares in block deal
IMM Private Equity has sold 180.5 billion won ($135 million) worth of shares in South Korea’s Woori Financial Group in a block deal, reaping 4...
Mar 03, 2024 (Gmt+09:00)
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Real estate
Global property market plunge hits Korean financial firms
South Korean financial service companies are seeing increased losses in global real estate amid the commercial property value plunge and concerns ar...
Feb 19, 2024 (Gmt+09:00)
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Leadership & Management
LG Electronics puts focus on customers to drive growth
LG Electronics Inc., transitioning into a smart life solution platform company from a simple white goods manufacturer, will enhance its customer-cen...
Feb 19, 2024 (Gmt+09:00)
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Automobiles
Genesis G80, GV70 electric models win Canada Car of the Year awards
Hyundai Motor Co. 's premium brand Genesis announced on Friday that its Electrified G80 and Electrified GV70 earned prizes at the 2024 Canadian Ca...
Feb 16, 2024 (Gmt+09:00)
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Aerospace & Defense
KAI to invest $76 mn in unmanned fighter jets
Korea Aerospace Industries Ltd. (KAI) has announced that it plans to invest 102.5 billion won ($76.64 million) in the development of core technologi...
Feb 14, 2024 (Gmt+09:00)
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Electronics
Samsung to release pianist Seong-Jin Cho’s 8K video
Samsung Electronics Co. announced on Thursday that it will release the worldwide famous pianist Seong-Jin Cho’s live performance video in 8K...
Feb 08, 2024 (Gmt+09:00)
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Earnings
KB Financial posts record-high profit on loan growth
KB Financial Group and Kakao Bank, top players in South Korea’s offline and mobile banking sector, respectively, achieved their highest-ever p...
Feb 08, 2024 (Gmt+09:00)
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Alternative investments
S.Korean investors name their 42 favorite alternative asset managers
Apollo Asset Management, Warburg Pincus and Lexington Partners are South Korean institutional investors’ most preferred private equity firm...
Feb 08, 2024 (Gmt+09:00)
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Fraud scandals
Doosan Enerbility faces record $15 mn in fines for improper bookkeeping
South Korea's major power plant builder Doosan Enerbility Co. faces a record-breaking fine to the tune of about 20 billion won ($15 million) over it...
Feb 07, 2024 (Gmt+09:00)
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Regulations
Delays in court rulings raise business risks for South Korean companies
Less than five years ago, Invossa, a cell and gene therapy for osteoarthritis, was expected to hit the global market with great fanfare.Developed by...
Feb 02, 2024 (Gmt+09:00)
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Korean stock market
Korean banks stop ELS sales after HSCEI debacle
South Korean banks are scurrying to suspend the sale of equity-linked securities (ELS) after the country’s financial regulator said it may con...
Jan 31, 2024 (Gmt+09:00)
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Business & Politics
Govenment calls end to Korean financial group heads' long-serving posts
South Korean financial group chiefs will no longer enjoy automatic term extensions as the government is stepping up pressure on the groups to improv...
Jan 29, 2024 (Gmt+09:00)
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Automobiles
Hyundai Mobis sees record high performance in 2023
South Korea’s Hyundai Mobis, the world’s sixth-largest auto parts maker, reported on Friday that its revenue was 59.25 trillion won ($44...
Jan 26, 2024 (Gmt+09:00)
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Korean stock market
Korea’s ELS market to stagnate after HSCEI debacle: KOFIA chairman
The Korea Financial Investment Association (KOFIA) will go all out to minimize any adverse effects on the South Korean financial market from an anti...
Jan 23, 2024 (Gmt+09:00)
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Korean stock market
Global X to liquidate China-exposed ETFs on poor returns
Global X ETFs, the New York-based provider of exchange-traded funds, will liquidate 19 ETFs, including 11 China-exposed funds, next month to stop th...
Jan 23, 2024 (Gmt+09:00)
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Automobiles
Hyundai unveils All-New Kona Electric N Line in Europe
Hyundai Motor Co. unveiled 2024 The all-new KONA Electric N Line in the European market including the UK on Jan. 16., according to the company.&nb...
Jan 22, 2024 (Gmt+09:00)
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Aerospace & Defense
IMM invests $97 mn in Korean supplier of Boeing, Airbus
IMM Investment Corp., a major South Korean private equity firm, invested $97 million in Kencoa Aerospace Corp., a local supplier of global industry ...
Jan 19, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor, Kia rank 4th in Europe with record 2023 sales
South Korea’s top automaker Hyundai Motor Group saw its vehicle sales in Europe rise to a fresh record high in 2023, driven by sport utility v...
Jan 18, 2024 (Gmt+09:00)