home appliance giant
Scope
Date
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Entertainment
Kakao buys Asia fantasy fiction platform giant Wuxiaworld
South Korea’s Kakao Entertainment Corp. has bought the world’s top Asian fantasy web novel platform Wuxiaworld, based in the US, to expa...
Dec 16, 2021 (Gmt+09:00)
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Corporate restructuring
Samsung’s mobile business renamed MX to highlight user experience
Samsung Electronics Co. on Friday changed the name of its mobile communications business to MX, short for mobile experience, in line with its pursui...
Dec 10, 2021 (Gmt+09:00)
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Economy
Mortgage loan growth slows to near four-year low in November
Mortgage loan growth at banks in South Korea slowed to near a four-year low in November, on the back of tightened lending rules and an interest rate...
Dec 09, 2021 (Gmt+09:00)
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Metaverse
VR meetings with holograms, powered by metaverse startup DoubleMe
Come next year, attending meetings as a hologram version of yourself is set to become more common.Metaverse startup DoubleMe plans to commercialize ...
Dec 07, 2021 (Gmt+09:00)
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Venture capital
Mirae Asset joins $260 mn funding for food delivery startup Jokr
Mirae Asset Global Investment Co., South Korea’s leading asset manager, has participated in a $260 million Series B funding for Jokr, a New ...
Dec 03, 2021 (Gmt+09:00)
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Pension funds
NPS picks Hillhouse Capital for private equity investment in Q3
South Korea’s National Pension Service (NPS) selected private equity giant Hillhouse Capital Group in the third quarter of this year for its...
Dec 02, 2021 (Gmt+09:00)
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Automobiles
Hyundai offers first peek of redesigned premium Genesis sedan G90
Hyundai Motor Co. on Tuesday unveiled exterior images of the new G90, a full model change version of the flagship sedan under its standalone premium...
Nov 30, 2021 (Gmt+09:00)
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Electric vehicles
IONIQ 7 to beome home on wheels with LG appliances
Hyundai Motor Co.’s IONIQ 7, its new all-electric sport utility vehicle to be launched in 2024, will be equipped with the home appliances of L...
Nov 29, 2021 (Gmt+09:00)
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Advertising & Marketing
Hyundai’s IONIQ 5, Tucson to hit big screen in Spider-Man: No Way Home
Hyundai Motor Co.'s all-electric IONIQ 5 SUV and the flagship SUV Tucson will be featured in Sony Pictures’ upcoming film Spider-Man: No Way Hom...
Nov 23, 2021 (Gmt+09:00)
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Tech, Media & Telecom
Millennial tapped to head online giant Naver
Naver Corp. has chosen Choi Soo-yeon, 40, to lead the top online platform in South Korea, in the 22-year-old company's most dramatic top management ...
Nov 17, 2021 (Gmt+09:00)
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E-commerce
STIC invests $20 mn in e-commerce giant Tiki
South Korean private equity firm STIC Investments Inc. has invested $20 million in Vietnam’s e-commerce giant Tiki Corporation’s serie...
Nov 17, 2021 (Gmt+09:00)
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Steel
POSCO to quadruple steel sheet production for eco-friendly cars
South Korean steelmaking giant POSCO Co. is slated to quadruple its production of non-grain-oriented electrical steel sheet, a key material in the...
Nov 15, 2021 (Gmt+09:00)
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Blockchain
NCSoft to unveil NFT-based, play-to-earn games in 2022
NCSoft Corp., South Korea's leading game developer, will dip its toes into the realm of the blockchain and non-fungible tokens (NFT) by releasing pl...
Nov 11, 2021 (Gmt+09:00)
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Korean startups
Home interior app seeks new funding at over $ 1 bn valuation
South Korea's Bucketplace Co., an operator of the country's largest home interior platform, is seeking to raise about 100 billion won ($85 million) ...
Nov 10, 2021 (Gmt+09:00)
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Electronics
LG to expand medical equipment business with pain-relieving device
LG Electronics Inc. is expanding its business scope to the medical equipment sector with a plan to unveil a pain-relieving device in an effort to ga...
Nov 10, 2021 (Gmt+09:00)
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Entertainment
Netflix to strengthen partnerships with ISPs through network technology
Netflix Inc. has confirmed it will focus on partnerships with South Korean internet service providers (ISPs) through its in-house distribution netwo...
Nov 04, 2021 (Gmt+09:00)
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Electronics
LG overtakes Whirlpool as top home appliance maker after strong Q3
LG Electronics Inc. has overtaken bigger home appliance rival Whirlpool Corp. after posting record quarterly sales, comfortably putting it on course...
Oct 29, 2021 (Gmt+09:00)
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Battery materials
Enchem: A Samsung hive-off that turns into an electrolyte giant
When Cheil Industries, a former chemical unit of South Korea’s largest conglomerate Samsung Group, decided to hive off a business unit that ma...
Oct 15, 2021 (Gmt+09:00)
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Monthly trade infographics
Computers, a must-have in the contactless work-from-home era
Computers, a must-have in the contactless work-from-home era South Korea’s exports of computers and peripheral devices have logged steady gro...
Oct 14, 2021 (Gmt+09:00)
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Private equity
Joe Bae to co-lead KKR as 2nd Korean-descendent CEO of a PE giant
Joseph Bae, co-president of KKR & Co., was named as its co-chief executive officer this week, becoming the second Korean descendent CEO to lead ...
Oct 13, 2021 (Gmt+09:00)
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Taxation
Samsung, SK Hynix to pay corporate taxes to foreign countries
South Korea’s chipmaking giants Samsung Electronics Co. and SK Hynix are set to pay hundreds of millions of dollars in corporate taxes to fore...
Oct 10, 2021 (Gmt+09:00)
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Aerospace & Defense
S.Korea’s first homegrown space rocket Nuri set for October launch
South Korea will be the seventh country in the world to launch a space rocket with homegrown technologies. The long-awaited Nuri, or Korea Space Launc...
Oct 08, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Shares in Woori Financial draw KT, builder and PEFs
South Korea's telecom giant KT Corp., mid-sized builder Hoban Construction Co. and about 10 private equity firms have submitted letters of intent to...
Oct 08, 2021 (Gmt+09:00)
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Corporate investment
Samsung's cash reserves dwindle on increased R&D, other investments
Samsung Electronics Co. is well known for its ample cash reserves close to $100 billion, ready to spend where it deems necessary for growth.But the ...
Oct 04, 2021 (Gmt+09:00)
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Batteries
POSCO breaks ground on $101 million battery recycling plant
South Korea’s top steelmaker POSCO on Thursday broke ground on its 120 billion won ($101 million) plant to extract nickel, lithium and cobalt,...
Oct 01, 2021 (Gmt+09:00)
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Alternative investments
Korean Tiger Alternative, NH Investment buy California homes
South Korea’s Tiger Alternative Investors Co. Ltd. and NH Investment & Securities bought multifamily homes in California for $220 million ...
Sep 27, 2021 (Gmt+09:00)
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Samsung to make Tesla’s HW 4.0 self-driving auto chip
SILICON VALLEY – Samsung Electronics Co., the world’s leading chipmaker, will manufacture Tesla Inc.’s next-generation hardware 4 ...
Sep 23, 2021 (Gmt+09:00)
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Electronics
LG Electronics turns home appliance plant into smart factory
South Korea’s LG Electronics Inc. said on Thursday it is turning its main home appliance plant into a smart factory, which improves productivi...
Sep 16, 2021 (Gmt+09:00)
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Food & Beverage
Dongwon aims to rise from canned tuna maker to F&B giant
For many South Koreans, particularly among the older generation, Dongwon is the name of the company that makes canned tunas, for which the food make...
Sep 16, 2021 (Gmt+09:00)
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Entertainment
Kakao to strengthen overseas operations amid growing criticism
Kakao Corp. will accelerate its overseas expansion as part of its recently announced reform plan to strengthen fair business practices.Kakao said on...
Sep 16, 2021 (Gmt+09:00)
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Latest News
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- 4 Korean startup scene is gloomy, say 2 out of 5 startup CEOs
- 5 MBK ups stakes for Korea Zinc to match buyback offer