high net worth indisidual
Scope
Date
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Travel & Leisure
Tourist arrival gap between S.Korea, Japan widens sharply
Since Japan resumed visa-free travel for South Koreans in October last year, South Koreans have been flocking to the neighboring country.But the num...
Mar 10, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
KSOE wins order for 2 mid-sized gas carriers at $146 mn
Korea Shipbuilding & Offshore Engineering (KSOE), an intermediate shipbuilding holding company for HD Hyundai Co., announced on Friday in a regu...
Mar 10, 2023 (Gmt+09:00)
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Korean chipmakers
System on chips: Samsung’s new high-stakes foundry business
Samsung Electronics Co. is setting its sights on system on chips (SoCs) to continue to drive growth in its foundry business amid a protracted slowdo...
Mar 09, 2023 (Gmt+09:00)
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Korean stock market
Foreign investors net buyers of Korean stocks for 5th straight month
Foreign investors bought more South Korean stocks in February, extending their buying spree to five months.The Financial Supervisory Service of Kore...
Mar 09, 2023 (Gmt+09:00)
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ESG
Kumho Petrochem wins BB rating from MSCI's ESG ratings
Kumho Petrochemical Co. announced on Wednesday that it had received a "BB rating" in the environmental, social and governance (ESG) evaluation by Mo...
Mar 09, 2023 (Gmt+09:00)
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Economy
S.Korea pledges steps to attract more foreign investment
South Korea will boost foreign investment in the country through increased incentives and deregulation, Finance Minister and Deputy Prime Minister C...
Mar 08, 2023 (Gmt+09:00)
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Korean chipmakers
S.Korea's DB HiTek to split off fabless, bulk up foundry business
DB HiTek Co., a leading chipmaker in South Korea, said on March 7 it is set to split off its fabless unit by May 2 to ramp up its foundry business.D...
Mar 08, 2023 (Gmt+09:00)
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Bio & Pharma
Samsung Bioepis launches ARMD biosimilar drug in Germany, Canada
Samsung Bioepis Co., a South Korean biosimilar firm, announced on Sunday that it has recently launched a new biosimilar drug called SB11 for the tre...
Mar 06, 2023 (Gmt+09:00)
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Automobiles
Hyundai's Namyang R&D Center acquires safety management certification
Hyundai Motor Group announced on Friday that the polymer materials analysis lab and the metal component analysis lab in the Basic Materials Research...
Mar 03, 2023 (Gmt+09:00)
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Automobiles
Hyundai autoworker: Dream job for many South Koreans
In South Korea, blue-collar work has for decades been shunned by job seekers because of the hard manual labor as well as the widely held perception ...
Mar 02, 2023 (Gmt+09:00)
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Banking & Finance
S.Korea's K Bank posts highest net profit in 2022
K Bank, a South Korean Internet-only bank, reported a net profit of 83.6 billion won ($63.6 million) in 2022, which nearly quadrupled compared to th...
Mar 02, 2023 (Gmt+09:00)
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Earnings
Korean e-commerce Coupang logs profits in Q3-Q4 2022
South Korean e-commerce giant Coupang Inc. achieved record-high yearly revenue and operating profits for two consecutive quarters between July to De...
Mar 01, 2023 (Gmt+09:00)
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Chemical Industry
Kolon Plastics to make eco-friendly products from marine waste
Kolon Plastics Inc. said on Tuesday that it has signed an agreement with Netspa, a South Korean recycling social venture, to jointly develop enginee...
Feb 28, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung Electro-Mechanics unveils chip substrate for autonomous driving
Samsung Electro-Mechanics Co. has developed an advanced semiconductor substrate for autonomous driving, which is expected to drive the top South Kor...
Feb 27, 2023 (Gmt+09:00)
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Electronics
OLED tech leads trends on premium TV market
Organic light-emitting diode (OLED) products account for over 30% of the global premium TV market, attesting to the technology's emergence as the st...
Feb 24, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Dongwon solo bidder for Boryung Biopharma estimated at $385 mn
South Korea’s leading seafood and logistics conglomerate Dongwon Group is seeking to buy local biopharmaceutical company Boryung Biopharma Co....
Feb 24, 2023 (Gmt+09:00)
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Future mobility
KAIST, Hyundai sign agreement for high-speed self-driving research
The Korea Advanced Institute of Science & Technology (KAIST) announced that it would embark on research into high-speed autonomous driving techn...
Feb 23, 2023 (Gmt+09:00)
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Aerospace & Defense
Hanwha Aerospace secures tech to catch illegal drones using nets
South Korea's Hanwha Aerospace Co. has secured technology to respond to threats from unmanned aerial vehicles such as drones.The company seeks the a...
Feb 23, 2023 (Gmt+09:00)
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Economy
S.Korea sees first decline in household loans in 20 years
Household loans in South Korea last year fell from 2021 for the first time in 20 years because of high interest rates, but credit card debt hit a re...
Feb 22, 2023 (Gmt+09:00)
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Korean stock market
S.Korea's Hanwha Asset Management staff protest personnel reshuffle
Internal conflict is growing at South Korea's Hanwha Asset Management over the company's de facto restructuring of its fund management in the wake o...
Feb 22, 2023 (Gmt+09:00)
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Electric vehicles
SK Signet lands first order in UK worth $7.7 million
South Korea's SK Signet Inc., which produces ultra-fast chargers for electric vehicles (EVs), on Monday said its European branch SK Signet Europe in...
Feb 21, 2023 (Gmt+09:00)
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Energy
Hanwha expects high-stakes US solar projects to pay off
South Korea’s chemicals-to-construction conglomerate Hanwha Group expects its high-stakes solar energy business to pay off amid industry forec...
Feb 20, 2023 (Gmt+09:00)
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Korean chipmakers
Chip designers in high demand despite industry slowdown
The semiconductor industry is reeling from a chip supply glut amid a broader global economic slowdown. However, as the saying goes, every cloud has ...
Feb 17, 2023 (Gmt+09:00)
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Aerospace & Defense
S.Korea to lure global talent with high pay for space agency
South Korea is set to attract global talent with high salaries for a planned government space agency as the country aims to boost long-term growth i...
Feb 16, 2023 (Gmt+09:00)
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Earnings
Hanwha Solutions projects over $778 mn operating profit in 2023
Hanwha Solutions Corp. projects its operating profit for this year would exceed 1 trillion won ($778 million) on an anticipated solar energy boom in...
Feb 16, 2023 (Gmt+09:00)
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Korean stock market
Samsung C&T to cancel $2.3 bn worth of treasury shares, stocks up
Samsung C&T Corp.’s share price zoomed on Thursday on news that the company will cancel its entire treasury stock holdings worth about 2.9...
Feb 16, 2023 (Gmt+09:00)
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Food & Beverage
Hyundai Green Food breaks $1.5 billion in sales for first time in 2022
Hyundai Green Food Co., an affiliate of Hyundai Department Store Group, saw its main business unit of food surpass 2 trillion won ($1.5 billion) in ...
Feb 15, 2023 (Gmt+09:00)
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Steel
Husteel raked in record-high operating profit in 2022
South Korea's Husteel, the steel affiliate of Shinan Group, posted incredible results last year with operating profit breaking a company record of c...
Feb 14, 2023 (Gmt+09:00)
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IPOs
S.Korean grocery delivery platform Oasis drops IPO on weak demand
Oasis Corp., a South Korean grocery delivery platform, decided to withdraw its local initial public offering plan on Feb. 13 amid tepid interest fro...
Feb 13, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung, SK Hynix: key beneficiaries of ChatGPT fever
Samsung Electronics Co. and SK Hynix Inc., the world’s two largest memory chipmakers, stand to benefit from the global popularity of ChatGPT. ...
Feb 13, 2023 (Gmt+09:00)