made to order
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Retail
Lotte Duty Free wins bid to operate Melborune Airport duty-free shop
Lotte Duty Free, an affiliate of the Lotte Group, won a bid for an Australian airport duty-free shop business, accelerating its move to bolster over...
Jan 25, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
HSD Engine's order volume exceeds $162.1 million in one month
Growth in shipbuilding orders has greatly boosted the sales of manufacturers of related equipment such as ship engines. South Korea's HSD Engine, wh...
Jan 25, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor sells 1 mn electric vehicles worldwide
In 11 years since Hyundai Motor Group started selling electric vehicles (EVs), the cumulative sales volume of EVs in the global market has finally s...
Jan 25, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
KSOE wins orders for 7 LNG carriers in 1 week
Korea Shipbuilding & Offshore Engineering (KSOE), a mid-level shipbuilding holding affiliate of HD Hyundai Co., has landed successive orders for...
Jan 20, 2023 (Gmt+09:00)
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Construction
Hyundai E&C wins record $28.4 billion in new orders last year
South Korean builder Hyundai Engineering & Construction last year earned sales of 21 trillion won ($17 billion) thanks to growth in the domestic...
Jan 20, 2023 (Gmt+09:00)
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Machinery
Hyundai Movex wins order for Sydney subway screen doors
Hyundai Movex, a Hyundai Group affiliate of South Korea, is moving to expand its overseas business in earnest with the opportunity to win an order t...
Jan 19, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
KSOE wins this year's first LNG carrier order worth $783 million
Korea Shipbuilding & Offshore Engineering (KSOE), an intermediate shipbuilding holding company of HD Hyundai Co., said on Tuesday that it recent...
Jan 17, 2023 (Gmt+09:00)
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Construction & Planning
Samsung Engineering wins $1.3 bn order to build ethylene plant in Qatar
South Korea's Samsung Engineering Co. said on Jan. 9 it has signed a 1.6 trillion won ($1.3 billion) contract to build the world's largest ethylene ...
Jan 09, 2023 (Gmt+09:00)
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Corporate bonds
POSCO to issue up to $553 million in unsecured bonds
South Korea's top steelmaker POSCO Holdings Inc. is expected to issue won-denominated unsecured bonds worth up to 700 billion won ($553.9 million) t...
Jan 06, 2023 (Gmt+09:00)
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Korean startups
Korean law firm creates startup investment association
The Law Office of Choi & Lee, a small-sized law firm, became Korea's first law firm to invest in startups. In one of the most difficult times wh...
Jan 05, 2023 (Gmt+09:00)
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Business & Politics
Korea proposes bigger tax breaks for chipmakers, key industries
The South Korean government plans to raise tax breaks for facility investments by big companies, including chipmakers, to as much as 25% following P...
Jan 03, 2023 (Gmt+09:00)
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Business & Politics
Korea plans to raise tax breaks for chipmakers, key industries
The South Korean government plans to revise a recently passed bill aimed at supporting the country’s semiconductor sector and other key indust...
Dec 30, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
Korean shipbuilders outpace Chinese in LNG carrier orders
South Korea’s three biggest shipbuilders lost their world’s No. 1 title in ship orders for the second consecutive year but still proved ...
Dec 29, 2022 (Gmt+09:00)
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Automobiles
LG Group's received orders for auto parts close to $393 billion
South Korea’s electronics-to-battery conglomerate LG Group expects its received orders for auto components to reach over 500 trillion won ($...
Dec 28, 2022 (Gmt+09:00)
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Chemical Industry
Samyang develops polycarbonates made of 90% recycled plastic
Samyang Corp., a food and chemical affiliate of Samyang Group, on Wednesday said it had developed South Korea's first eco-friendly polycarbonates co...
Dec 28, 2022 (Gmt+09:00)
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Economy
S. Korea foresees recession in falling freight prices, wages
Global ocean freight prices are falling amid a darkening outlook for South Korea, as Asia’s fourth-largest economy heavily depends on overseas...
Dec 26, 2022 (Gmt+09:00)
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Korean games
Kakao Games to launch Eversoul with 1.3 mn pre-orders
Kakao Games Corp., a game publishing unit of South Korean tech giant Kakao Corp., said on Dec. 23 it will launch the global service of mobile role-p...
Dec 23, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
Samsung Heavy Industries lands $1.5 bn deal for offshore plant order
South Korean shipbuilder Samsung Heavy Industries has bagged a $1.5 billion order to build an offshore plant from an Asian shipper, the company reve...
Dec 23, 2022 (Gmt+09:00)
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Automobiles
S.Korean startup enters UK market for wireless charging of EVs
A South Korean startup will enter the British market for wireless charging facilities for electric vehicles (EV), as Korean firms speed up their adv...
Dec 19, 2022 (Gmt+09:00)
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Energy
LS Cable wins $306 mn worth of orders from UK
South Korea's LS Cable & System Ltd. on Monday said it will supply high voltage direct current (HVDC) cables for 400 billion won ($306.1 million...
Dec 13, 2022 (Gmt+09:00)
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Sovereign wealth funds
KIC buys stake in US credit asset manager Golub Capital
Korea Investment Corporation (KIC) has made its first direct investment in an asset management firm, the South Korean sovereign wealth fund said on ...
Dec 09, 2022 (Gmt+09:00)
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Private debt
MBK joins acquisition of $1.3 bn debts in Marelli from KKR
MBK Partners Ltd., alongside Deutsche Bank AG and other four investment firms, has acquired $1.3 billion worth of distressed debts in auto-parts sup...
Dec 04, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
Korean shipbuilder KSOE wins $308 million order for 2 ethane carriers
Korea Shipbuilding & Offshore Engineering (KSOE), the holding company of the world’s top shipbuilder Hyundai Heavy Industries Group, said ...
Dec 02, 2022 (Gmt+09:00)
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Business & Politics
LIG Nex1 wins order to develop super-compact sensors for submarines
South Korean company LIG Nex1 will develop technology for ultra-miniature sensors that can be mounted on unmanned submarines.The company announced o...
Dec 01, 2022 (Gmt+09:00)
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Construction
HanmiGlobal lands series of orders from Saudi's Neom city project
HanmiGlobal Co. on Monday said it has earned contracts for the construction and development of Neom, the urban development project seeking to build ...
Nov 28, 2022 (Gmt+09:00)
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Bio & Pharma
Spectrum to push back launch date of Hanmi-developed drug Poziotinib
Hanmi Pharmaceutical Co. announced Friday that California-based Spectrum Pharmaceuticals Inc. received a Complete Response Letter (CRL) from the US ...
Nov 25, 2022 (Gmt+09:00)
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Construction
South Korea's DL E&C wins 1st petrochemical plant order in US
South Korean construction company DL E&C has landed its first contract to build a petrochemical plant in the US.The company on Thursday said it ...
Nov 17, 2022 (Gmt+09:00)
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Energy
Taihan Cable wins $24 million deal to build power grid in California
Taihan Cable & Solution Co., a South Korean electric wire maker, said on Wednesday it has won a $24 million deal to build a power grid in the US...
Nov 16, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
Korea, US to work on Busan-Seattle green cargo shipping corridor
South Korea and the US are looking to create a green cargo shipping corridor linking the port of Busan with the ports of Seattle and Tacoma as part ...
Nov 16, 2022 (Gmt+09:00)
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Automobiles
Hyundai launches fully revamped Grandeur; pre-orders jump
South Korean automaker Hyundai Motor Co. has unveiled a new Grandeur sedan – the first fully revamped model in six years – to strengthen...
Nov 15, 2022 (Gmt+09:00)
Latest News
- 1 BYD’s Atto 3 overtakes Tesla’s Model Y as best-selling EV in South Korea
- 2 Korea’s top cinema chains seek merger to counter box office slump
- 3 S.Korea’s GEPS to commit $143 million to foreign mid-cap buyout funds
- 4 CJ CheilJedang to open $72 mn dumpling plant in Japan
- 5 LG Electronics breaks ground on $600 million home appliance plant in India