fuel costs
Scope
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Corporate Bonds
Korea’s cash-rich firms issue more bonds amid low interest environment
Some of the most cash-abundant firms across different industries in South Korea are issuing large amounts of bonds to raise even more funds amid a l...
Jul 19, 2021 (Gmt+09:00)
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Hydrogen economy
Hydrogen fuel tank maker Iljin Hysolus eyes August IPO
South Korea’s only mass producer of hydrogen tube trailers, Iljin Hysolus Co., previously known as Iljin Composites, plans to be listed on the...
Jul 12, 2021 (Gmt+09:00)
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Hydrogen economy
Fleet of Hyundai XCIENT hydrogen truck exceeds 1 million km benchmark
Hyundai Motor Co.’s fleet of fuel cell truck XCIENT has surpassed the benchmark one million kilometers of driving in 11 months of service in S...
Jul 02, 2021 (Gmt+09:00)
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Cloud computing
Edge computing revolution to fuel Korea’s growth over the next decade
Korea’s leading firms across multiple industries, from consumer electronics to agricultural equipment, are widening the use of edge computing ...
Jun 30, 2021 (Gmt+09:00)
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Automobiles
Hyundai NEXO, Toyota Mirai to compete in fuel cell cars as Honda exits
Japan’s Honda Motor Co. has announced it is exiting the hydrogen fuel cell vehicle market, leaving Toyota Motor Corp. and South Korea’s ...
Jun 18, 2021 (Gmt+09:00)
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Hydrogen economy
Hyundai to provide hydrogen fuel cell system for world’s first electric car race
South Korea’s Hyundai Motor Group will provide its hydrogen fuel cell system to the world’s first touring race for electric vehicles, Hy...
Jun 11, 2021 (Gmt+09:00)
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Automobiles
Heavy cost pressure set to drive up car prices
South Korea’s automakers are facing a drastic increase in manufacturing costs. Raw material prices are soaring and the global chip shortage re...
Jun 01, 2021 (Gmt+09:00)
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Korean food
Hahn & Co. acquires controlling stake in Namyang Dairy Products
South Korea’s private equity (PE) firm Hahn & Co. has acquired a controlling 53% stake in Namyang Dairy Products, acquiring all shares own...
May 27, 2021 (Gmt+09:00)
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Fintech
KakaoBank’s skyrocketing valuation fuels debate on financial reform
There have been near-endless debates regarding the “proper valuation” of KakaoBank, South Korea’s largest internet-only bank that ...
May 25, 2021 (Gmt+09:00)
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Korean chipmakers
Samsung, TSMC up ante in US foundry competition
The world’s two largest foundry chipmakers, Taiwan Semiconductor Manufacturing Co. (TSMC) and Samsung Electronics Co., are upping the ante in ...
May 24, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Citibank Korea's retail arm sale may fuel M&A market
Citigroup Inc.'s plan to exit from South Korea's retail banking market may invigorate the country's M&A market, with small-sized, non-banking fi...
Apr 16, 2021 (Gmt+09:00)
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Entertainment
HYBE’s music unit split-off plan ignites shareholder concern
HYBE Co., the label behind BTS, will attempt to split off its music business as a separate entity at its general shareholder meeting on May 14. Acco...
Apr 13, 2021 (Gmt+09:00)
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Korean startups
RECON Labs to drive AR commerce by cutting content creation costs by up to 99%
Does the adoption of augmented reality (AR) technology in e-commerce platforms drive sales? The answer is yes, as the purchase conversion rate for p...
Apr 01, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Korean Air eyes $350 mn in cost savings from Asiana merger
Korean Air Lines Co. will retain its brand name after absorbing local rival Asiana Airlines Inc. in a span of around two years, with their merged en...
Apr 01, 2021 (Gmt+09:00)
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Carbon neutrality
Stronger carbon stance puts cost pressure on manufacturers
South Korea’s carbon emission regulations – strengthened again this year – are projected to exert financial pressure on the countr...
Mar 22, 2021 (Gmt+09:00)
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Batteries
SK Innovation board says no costly settlement with LG
SK Innovation Inc.’s board members on Thursday advised the South Korean electric vehicle battery maker not to pay hefty compensation for a set...
Mar 11, 2021 (Gmt+09:00)
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Mergers & Acquisitions
eBay Korea set to fuel rivalry between retail, online giants
The planned sale of eBay Inc.’s South Korean operations is gathering steam ahead of Coupang Corp.'s US stock market listing this week, with th...
Mar 08, 2021 (Gmt+09:00)
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Hydrogen economy
S-Oil invests in fuel cell maker to enter hydrogen energy market
South Korea-based oil refiner S-Oil Corp. is readying to expand its business into the hydrogen energy sector by investing around 8.2 billion won ($7...
Mar 08, 2021 (Gmt+09:00)
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Electric vehicles
Hyundai, LG Energy agree to split EV recall costs, reflect in Q4 results
Hyundai Motor Co. and LG Energy Solution Ltd. have agreed on how to split the costs of replacing the electric vehicle batteries made by the LG Group...
Mar 05, 2021 (Gmt+09:00)
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Samsung Group
Lee Kun-hee’s lavish art collection fuels debate on tax payment scheme
The late Samsung Chairman Lee Kun-hee’s lavish art collection is driving South Korea’s art circle to pressure lawmakers to amend the cou...
Mar 04, 2021 (Gmt+09:00)
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Hydrogen economy
Hyundai Motor to ramp up fuel cell car production
South Korea-based Hyundai Motor Co. has decided to produce around 17,000 units of its hydrogen fuel cell electric vehicle (FCEV) this year, thrice t...
Mar 02, 2021 (Gmt+09:00)
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Electric vehicles
Hyundai to recall some 82,000 EVs over fire risk; cost seen at $900 mn
Hyundai Motor Co. said on Wednesday that it will recall 81,701 units of its electric vehicles sold worldwide over fire risk, in a move that could co...
Feb 24, 2021 (Gmt+09:00)
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Batteries
SK under increasing pressure for costly settlement with LG
SK Innovation Co. may brace for a billion-dollar settlement with LG Energy Solution Co., after it lost a lengthy legal battle with its hometown riva...
Feb 14, 2021 (Gmt+09:00)
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Automobiles
Renault vows action if Korean unit fails to improve productivity, cut costs
French auto giant Groupe Renault has warned of stern action against its struggling South Korean unit, urging it to improve productivity and cut cost...
Feb 09, 2021 (Gmt+09:00)
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K-pop
NCSoft’s UNIVERSE fuels competition in K-pop entertainment platforms
South Korean game publisher NCSoft Corp. is fueling competition in the online entertainment platform market with the planned launch of its own app, ...
Jan 19, 2021 (Gmt+09:00)
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Batteries
Hyundai inks deal to build first overseas hydrogen fuel cell plant in China
Hyundai Motor Co. has signed a contract to build its first overseas hydrogen fuel cell systems plant in China as the South Korean company aims to en...
Jan 15, 2021 (Gmt+09:00)
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Hydrogen economy
SK Group inks $1.5 bn deal to acquire US hydrogen fuel cell maker Plug Power
South Korea’s SK Group has signed a $1.5 billion deal to acquire a controlling stake in US hydrogen fuel cell maker Plug Power Inc. and launch...
Jan 07, 2021 (Gmt+09:00)
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Batteries
Hyundai Motor to build first overseas hydrogen fuel cell plant in China
Hyundai Motor Co. will build its first overseas hydrogen fuel cell systems plant in China as the South Korean company aims to enter the world’...
Jan 05, 2021 (Gmt+09:00)
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Carbon neutrality
Korean govt urged to hike diesel tax, ban fossil fuel cars by 2035
South Korea should raise its tax on diesel to match the price of gasoline and phase out internal combustion engine cars by 2035 to tackle air pollutio...
Nov 24, 2020 (Gmt+09:00)
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Hydrogen economy
Kolon Industries to mass produce key material for fuel cells
Kolon Industries Inc., a South Korean chemical and textile manufacturing company, is readying for the mass production of a key material for fuel cells...
Nov 19, 2020 (Gmt+09:00)