korea hyundai kaist
Scope
Date
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Banking & Finance
Money moves back to safe assets in Korea amid rising interest rates
With stock and cryptocurrency fevers subsiding amid a monetary tightening bias, South Koreans are moving their money back to safe assets, as banks s...
Dec 20, 2021 (Gmt+09:00)
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Corporate restructuring
Hyundai Motor reshuffles overseas units to deal with changing markets
Hyundai Motor Co., South Korea’s top automaker, has reorganized its overseas units, reducing the number of business sectors to five from nine,...
Dec 19, 2021 (Gmt+09:00)
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Executive reshuffles
Hyundai Motor overhauls management in biggest-ever generational revamp
Hyundai Motor Group, South Korea’s second-largest conglomerate, on Friday replaced its mid-tier executives in its largest personnel reshuffle ...
Dec 17, 2021 (Gmt+09:00)
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Energy
Korea’s DL Energy to expand US power plant business
South Korea’s DL Energy is set to expand its power plant business in the US.DL Energy, formerly known as Daelim Energy, said on Dec. 17 that i...
Dec 17, 2021 (Gmt+09:00)
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Markets
Korean core companies’ stocks underperform global peers
The world sought new opportunities in 2021, recovering from the shock of the COVID-19 pandemic. Global major companies have been in cutthroat compet...
Dec 17, 2021 (Gmt+09:00)
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Future mobility
Hyundai’s Motional, Uber to launch self-driving food delivery service
Motional Inc., a US mobility joint venture between Hyundai Motor Co. and Aptiv PLC, has teamed up with Uber Technologies Inc. to provide an autonomo...
Dec 17, 2021 (Gmt+09:00)
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IPOs
Korea’s No. 2 art auction house to go public in Jan
K Auction, South Korea’s No. 2 art auction house, is set to go public in January 2022 as it aims to court the domestic leader Seoul Auction Co...
Dec 16, 2021 (Gmt+09:00)
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Automobiles
Hyundai, Kia, Genesis sweep car of the year awards in 2021
Hyundai Motor Group’s major auto brands have won a record number of top global awards and industry accolades this year in recognition of its e...
Dec 16, 2021 (Gmt+09:00)
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Petrochemicals
Samsung, Hyundai race for $4 bn Indonesia petchem project
South Korean builders Samsung Engineering and Hyundai Engineering Co. are in a tight race to win a $4 billion petrochemical project in Indonesia.Sam...
Dec 15, 2021 (Gmt+09:00)
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Food & Beverage
Starbucks Korea secures No.1 spot in crowded market
Starbucks Korea's sales are on course to exceed 2 trillion won ($1.7 billion) this year, the largest-ever annual revenue for a coffee franchise oper...
Dec 15, 2021 (Gmt+09:00)
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Biotech
Korea’s MedPacto, Merck plan phase 3 trials of colorectal cancer drug
MedPacto Inc., a South Korean biotechnology company that develops therapeutics for cancer and autoimmune diseases, has agreed with global drugmaker ...
Dec 15, 2021 (Gmt+09:00)
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Private equity
EQT chairman sees technology and services as attractive sectors in Korea
High price tags of target companies can be justified if you understand long-term trends of the industry and have expertise in the sectors, Conni Jon...
Dec 15, 2021 (Gmt+09:00)
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COVID-19
Korea approves export of Samsung Biologics-made Moderna vaccine
South Korea approved exports of Moderna Inc.’s COVID-19 vaccine produced by Samsung Biologics Co. in a move that will help the country’s...
Dec 14, 2021 (Gmt+09:00)
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Automobiles
Hyundai’s new Genesis G90: Epitome of luxury design identity
After an exterior peek of its new Genesis sedan G90 last month, Hyundai Motor Co. on Tuesday fully unveiled the flagship luxury model, its first mod...
Dec 14, 2021 (Gmt+09:00)
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IPOs
Hyundai Oilbank applies for first-half IPO in 2022
Hyundai Oilbank Co., part of South Korea's Hyundai Heavy Industries Holdings Co., on Monday submitted an application for an initial public offering,...
Dec 14, 2021 (Gmt+09:00)
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Economy
Korea exports hit record to top $640 bn in 2021
South Korea’s exports have reached an all-time high thanks to strong overseas demand for key products such as semiconductors amid the global e...
Dec 14, 2021 (Gmt+09:00)
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Economy
South Korea moves to join CPTPP free trade pact as China fears ease
South Korea has officially declared its plan to join a mega Trans-Pacific free trade deal, called the CPTPP, following China’s application to ...
Dec 14, 2021 (Gmt+09:00)
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Leadership Change
Hyundai to replace design, R&D presidents for future mobility
Hyundai Motor Group, South Korea’s top automaker, may replace its presidents of design as well as research and development in a bold leadershi...
Dec 13, 2021 (Gmt+09:00)
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Business & Politics
KAIST to establish New York campus by 2025
Korea Advanced Institute of Science & Technology (KAIST), a prestigious national research university in South Korea, is slated to establish a ...
Dec 13, 2021 (Gmt+09:00)
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Shipping & Shipbuilding
Hyundai Heavy, DSME merger set for collapse on expected EU veto
The European Union’s expected objection to the combination of the world’s two largest shipbuilders – Hyundai Heavy Industries Co. ...
Dec 12, 2021 (Gmt+09:00)
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IPOs
Hyundai Eng seeks to raise up to $1 bn in Feb IPO
Hyundai Engineering Co., part of South Korea's Hyundai Motor Group, will make a trading debut on the Korea Exchange next February, raising up to 1.2...
Dec 10, 2021 (Gmt+09:00)
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Batteries
Korea's EcoPro BM to build first overseas plant in Hungary
EcoPro BM Co., South Korea’s top cathode materials producer, has decided to set up its first overseas plant in Hungary.EcoPro BM on Dec. 9 ann...
Dec 10, 2021 (Gmt+09:00)
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Markets
Foreigners buy Kospi futures to raise bullish bets on Korea stocks
Foreigners bought Kospi 200 futures contracts on “quadruple witching day," the quarterly simultaneous expiration of South Korean options and f...
Dec 09, 2021 (Gmt+09:00)
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Economy
S.Korea to report first-ever population drop in 2021
South Korea's total population in 2021 is set to decline for the first time since the country began collecting census data, hit by a sharp fall in b...
Dec 09, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Hyundai Oilbank attracts $20 million from Palantir ahead of IPO
South Korean refiner Hyundai Oilbank Co. has attracted $20 million in investment from US data analytics firm Palantir Technologies Inc. ahead of its...
Dec 09, 2021 (Gmt+09:00)
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Metaverse
Simulation training developer Naviworks eyes 2022 IPO
Naviworks Co., a South Korean developer of virtual reality-based military training software, looks set to join a growing pool of metaverse-themed st...
Dec 09, 2021 (Gmt+09:00)
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Future mobility
Hyundai Mobis to unveil two future concept cars via metaverse at CES 2022
South Korea’s largest auto parts maker Hyundai Mobis Co. said on Wednesday it is unveiling two future mobility concept cars at the upcoming CE...
Dec 08, 2021 (Gmt+09:00)
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Fiber & Textile
Korea textiles reborn as eco-friendly, high-tech
South Korea’s textile sector is reviving as a high value-added growth business with advanced technology. The business, once a leading industry...
Dec 08, 2021 (Gmt+09:00)
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Hydrogen economy
SK Gas invests in Bill Gates-backed hydrogen tech startup
SK Gas Co., the top liquefied petroleum gas (LPG) company in South Korea, has invested in Series B funding for C-Zero Inc., a California-based start...
Dec 08, 2021 (Gmt+09:00)
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Electric vehicles
Hyundai Motor to launch six EV models in India by 2028
South Korea's Hyundai Motor Co. will spend 40 billion rupees ($530 million) on research and development to launch six electric vehicle models in Ind...
Dec 08, 2021 (Gmt+09:00)
Latest News
- 1 Hanwha Securities buys 5.4% stake in Edinburgh Airport
- 2 Hyundai Motor Group’s software unit launches cybersecurity division
- 3 Lotte Fine Chemical, Colorcon sign $740 mn distribution agreement
- 4 Mirae Asset Securities builds AI-based stock analysis system
- 5 Kia to sweep top three spots in South Korea’s car sales