infrastructure market 2023
Scope
Date
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Travel & Leisure
Number of foreign tourists visiting Korea surpasses 11 million in 2023
The number of foreign tourists visiting Korea last year exceeded 11 million, reaching 63% of the pre-COVID level, with over 1 million arrivals month...
Jan 30, 2024 (Gmt+09:00)
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Retail
Korean convenience stores push exports of own brand products
South Korean convenience store chains are accelerating exports of food products under their private brands as the domestic market competition is int...
Jan 30, 2024 (Gmt+09:00)
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Fashion
Fashion Group Hyungji's profit surges 145% in 2023
South Korea's Fashion Group Hyungji reported on Tuesday a preliminary 30 billion won ($22.5 million) in earnings for 2023, a staggering 145% jump fr...
Jan 30, 2024 (Gmt+09:00)
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Electric vehicles
Hyundai, BAIC join hands to develop China-only EV brand
BEIJING – Hyundai Motor Co. has joined hands with Beijing Motor Corp. (BAIC) to debut a new electric vehicle brand specifically tailored to Ch...
Jan 29, 2024 (Gmt+09:00)
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Earnings
Hyosung Advanced Materials' operating profit down 45% in 2023
Hyosung Advanced Materials announced on Monday that its operating profit for last year on a consolidated basis was 172.4 billion won ($129 million),...
Jan 29, 2024 (Gmt+09:00)
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Asset Owners Report
Private debt, infrastructure remain top picks for Korean LPs in 2024
Private debt and infrastructure will remain South Korean institutional investors’ favorite alternative asset classes for the second straight yea...
Jan 29, 2024 (Gmt+09:00)
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Automobiles
Hyundai Mobis eyes strong overseas orders again in 2024
Hyundai Mobis Co., the world’s sixth-largest automotive parts maker, known as Mobis outside of its home South Korea, expects another strong ye...
Jan 29, 2024 (Gmt+09:00)
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Sovereign wealth funds
Korea’s KIC opens Mumbai office to spur emerging market investment
Sovereign wealth fund Korea Investment Corporation (KIC) said on Monday it has launched its Mumbai office, establishing the state-run fund’s f...
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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Earnings
LG Electronics likely ahead of Whirlpool with record 2023 sales
LG Electronics Inc. is consolidating its lead over Whirlpool Corp. as the world’s top home appliances maker as the South Korean electronics ma...
Jan 26, 2024 (Gmt+09:00)
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Travel & Leisure
Lotte Duty Free, Modetour to co-work for Vietnam tourism
South Korea's Lotte Duty Free announced on Friday that it has signed a memorandum of understanding (MOU) with Modetour Network Inc. to jointly devel...
Jan 26, 2024 (Gmt+09:00)
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Energy
Doosan Enerbility wins $210 mn S.Korean power plant deal
South Korea’s major power plant builder Doosan Enerbility Co. has bagged a 280 billion won ($209.6 million) contract to supply core equipment ...
Jan 25, 2024 (Gmt+09:00)
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Alternative investments
Peak views: What lies ahead in 2024?
With 2023 at a close, financial markets are at an important junction. Major developed market central banks have paused their rate rises and there ...
Jan 25, 2024 (Gmt+09:00)
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Earnings
Kia posts record 2023 sales, profit with bold 2024 business targets
Kia Corp., South Korea’s second-largest automaker, on Thursday posted record 2023 profit and sales revenue, driven by strong sales of pricey m...
Jan 25, 2024 (Gmt+09:00)
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Retail
Lotte World Tower sees record-high visitors in 2023
Lotte Property & Development Co. (Lotte P&D) announced on Wednesday that the total number of visitors to Lotte World Tower and Mall last yea...
Jan 25, 2024 (Gmt+09:00)
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Automobiles
Hyundai Wia logs $780 mn in constant velocity joint orders
Hyundai Wia Corp., a South Korean automotive parts manufacturer, said on Wednesday it secured 1.045 trillion won ($781 million) worth of overseas or...
Jan 24, 2024 (Gmt+09:00)
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Korean food
Nongshim sees record-high Shin Ramyun sales
South Korean food and beverage giant Nongshim Co. announced on Wednesday that its signature instant noodle brand Shin Ramyun saw a record high of ...
Jan 24, 2024 (Gmt+09:00)
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Energy
HD Hyundai Oilbank to advance into N.American lubricants market
HD Hyundai Oilbank Co., South Korean shipbuilding and machinery conglomerate HD Hyundai Co.'s oil refining unit, will venture into the North America...
Jan 24, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung’s new 990 EVO SSD ideal for everyday use, more demanding work
Samsung Electronics Co., the world’s largest memory chipmaker, on Wednesday announced a new addition to its consumer solid-state drive (SSD) l...
Jan 24, 2024 (Gmt+09:00)
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Chemical Industry
SKC to develop biodegradable eco-friendly paint containers
SK TBMGeoStone, a subsidiary of South Korea's SKC Ltd. for the investment of biodegradable material, plans to enter the eco-friendly container marke...
Jan 24, 2024 (Gmt+09:00)
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Private equity
PEs exit Korean assets at average 2.5 times purchase price
Global private equity firms, which recover their principal investment in South Korea, sell their assets for 2.5 times the purchase price on average,...
Jan 23, 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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Food & Beverage
Lotte Wellfood enters Costco stores in Canada, Mexico
South Korea's Lotte Wellfood Co. announced on Tuesday that it is expanding exports to Mexico and Canada through Costco. It marks the first entry o...
Jan 23, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Amorepacific's Aestura to enter Vietnamese market
South Korean beauty and cosmetics giant Amorepacific Corp. announced on Monday that its derma cosmetic brand Aestura will enter the Vietnamese ...
Jan 22, 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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Automobiles
Hyundai Motor Group holds firm as world’s No. 3 carmaker
South Korea’s Hyundai Motor Group kept its title as the world's third-largest automaker by sales volume for the second straight year in 2023, ...
Jan 21, 2024 (Gmt+09:00)
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Retail
Lotte Duty Free holds grand reopening ceremony at Changi Airport
Lotte Duty Free held a grand opening ceremony for its Changi Airport store in Singapore, marking the official start of its 19 stores.Lotte Duty Free...
Jan 21, 2024 (Gmt+09:00)
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Automobiles
Mercedes-Benz unveils New E-Class in S.Korea
Mercedes-Benz Korea on Friday unveiled the 11th generation of its fully redesigned mid-sized The New E-Class sedan in South Korea.This latest iterat...
Jan 19, 2024 (Gmt+09:00)
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IPOs
Why spend more on an IPO? No invitation to foreign banks
South Korea’s Viva Republica Inc. has recently invited a handful of domestic brokerage companies to give presentations to revive its IPO plan....
Jan 19, 2024 (Gmt+09:00)
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Korean chipmakers
Gaonchips opens corporation in Silicon Valley
South Korea’s Gaonchips Co. announced on Friday that it opened its new overseas corporation Gaonchips America Inc. in Silicon Valley, the US...
Jan 19, 2024 (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