materials localization
Scope
Date
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Insurance
Hanwha Life sees cumulative profit in 15 years in Vietnam
Hanwha Life Insurance Co.’s Vietnamese subsidiary has reported a cumulative profit in 15 years, marking the first South Korean insurers’...
Aug 20, 2023 (Gmt+09:00)
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Batteries
POSCO Future M to produce nickel for cathodes in the Philippines
South Korean battery materials maker POSCO Future M Co. is set to produce nickel in the Philippines to boost its cathodes supplies and improve profi...
Aug 18, 2023 (Gmt+09:00)
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Batteries
EcoPro BM, SK On, Ford to invest $886 mn to build cathode plant in Canada
EcoPro BM Co., South Korea’s leading battery material producer, will invest $886 million jointly with SK On Co. and Ford Motor Co. to build a ...
Aug 18, 2023 (Gmt+09:00)
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Bio & Pharma
Celltrion to merge with global sales affiliate by end-2023
South Korean pharmaceutical giant Celltrion Group has begun procedures to merge biopharmaceuticals developer and producer Celltrion Inc. with global...
Aug 17, 2023 (Gmt+09:00)
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Beauty & Cosmetics
Aekyung AGE20's picks local model in Vietnam
Aekyung Industrial Co. 's flagship cosmetic brand AGE20's announced on Thursday that it has selected Nguyen Thuc Thuy Tien, who is active in various...
Aug 17, 2023 (Gmt+09:00)
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Travel & Leisure
Hanatour launches real-time travel info-sharing chat app
South Korea's leading travel agency Hanatour Service Inc. has launched the location-based travel-specialized open chat service app called "Hana Open...
Aug 16, 2023 (Gmt+09:00)
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Electronics
LG Electronics cuts H1 costs by $1.6 billion on stable supply chain
LG Electronics Inc. has slashed raw material and transportation costs by 2.12 trillion won ($1.6 billion) in the first half thanks to a stable sup...
Aug 14, 2023 (Gmt+09:00)
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Batteries
Falling mineral prices to hit Korean battery materials makers
South Korean battery materials makers are likely to report worsened profitability in the third quarter of this year as prices of lithium hydroxide a...
Aug 14, 2023 (Gmt+09:00)
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Travel & Leisure
Paradise City, Ctrip to jointly launch S.Korean travel packages
Paradise City, an integrated resort in Incheon, announced on Monday that it has partnered with China's largest online travel agency Ctrip to introdu...
Aug 14, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Samsung materials suppliers Soulbrain, DNF to merge in $87 mn deal
Soulbrain Holdings Co., a South Korean high-tech materials supplier to Samsung Electronics Co., is in final talks to buy a controlling stake in anot...
Aug 09, 2023 (Gmt+09:00)
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Earnings
Lotte Chemical posts fifth straight quarterly operating loss in Q2
South Korea’s Lotte Chemical Corp. has posted an operating loss for a fifth straight quarter due to sluggish petrochemical demand.The co...
Aug 09, 2023 (Gmt+09:00)
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Chemical Industry
Toray Advanced Materials reviews film line expansion in S.Korea
Toray Advanced Materials Korea Inc. (TAK) is reviewing its film line expansion in South Korea as part of its 300 billion won ($229 million) capital ...
Aug 06, 2023 (Gmt+09:00)
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Beauty & Cosmetics
S.Korean cosmetics overtake French as top imports in Japan
South Korean cosmetics topped the Japanese import market for the first time in 2022, surpassing French brands, the Yomiuri Shimbun reported Thursd...
Aug 04, 2023 (Gmt+09:00)
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Business & Politics
GS25 becomes No. 1 convenience store chain in southern Vietnam
South Korean convenience store chain GS25 announced on Thursday that it has become the top operator in southern Vietnam, surpassing rivals US' Circl...
Aug 03, 2023 (Gmt+09:00)
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Food & Beverage
Baskin-Robbins stands out in melting Korean ice cream market
Global ice cream chain Baskin-Robbins, the top ice cream seller in South Korea, is solidifying its market position with localization despite the cou...
Aug 02, 2023 (Gmt+09:00)
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ESG
LG Energy Solution converts 56% of electricity into renewable energy
South Korea’s lithium-ion battery maker LG Energy Solution Ltd. on Monday released a report containing the company’s environmental, soci...
Aug 01, 2023 (Gmt+09:00)
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Batteries
SKC, Toyota Tsusho tie up for N.America battery materials
SKC Ltd., a South Korean chemicals maker, has joined hands with the trading unit of Japanese top automaker Toyota Group for the electric vehicle bat...
Jul 31, 2023 (Gmt+09:00)
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Batteries
Doosan secures $392 mn in cumulative PFC orders
South Korea's Doosan Corp. announced on Monday that it has accumulated 500 billion won ($392 million) in orders for its patterned flat cable (PFC), ...
Jul 31, 2023 (Gmt+09:00)
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Batteries
Doosan to enter EV sector with battery recycling business
South Korea’s major power plant builder Doosan Enerbility Co. plans to set up a battery recycling subsidiary, targeting the sector expecting r...
Jul 28, 2023 (Gmt+09:00)
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Bio & Pharma
Kolon Pharma, Dongbang Medical to export medical threads to Brazil
Kolon Pharma, the pharmaceutical affiliate of South Korea's Kolon Group, announced on Thursday that it has signed a business agreement with Dongbang...
Jul 27, 2023 (Gmt+09:00)
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Batteries
OCI makes foray into battery materials market
South Korea's chemical and green energy company OCI has entered the battery materials market by landing a supply contract for key raw materials for ...
Jul 27, 2023 (Gmt+09:00)
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Artificial intelligence
Lotte's virtual human Lucy to debut in Thailand
South Korea's Lotte Home Shopping unveiled a plan on Wednesday to introduce its virtual influencer, Lucy, to Southeast Asia's burgeoning live commer...
Jul 26, 2023 (Gmt+09:00)
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Hydrogen economy
ISTE to develop eco-friendly hydrogen with British company
An innovative South Korean small business has secured technology to simultaneously produce eco-friendly hydrogen and cathode materials for secondary...
Jul 26, 2023 (Gmt+09:00)
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Aerospace & Defense
Hanwha Aerospace to develop fighter jet engine materials
South Korea’s Hanwha Aerospace Co. is set to develop fighter jet engine materials able to resist flames of more than 1,500 degrees Celsius, wh...
Jul 26, 2023 (Gmt+09:00)
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Travel & Leisure
MyRealTrip launches restaurant reservation service in Japan
South Korea's travel app MyRealTrip announced that it partnered with the Japanese accommodation and restaurant reservation platform Ikyu, becoming t...
Jul 24, 2023 (Gmt+09:00)
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Beauty & Cosmetics
Cosmax extracts raw materials from indigenous plants in Indonesia
Cosmax Inc., South Korea's cosmetics original design manufacturing (ODM) company, announced on Monday that it will unveil a cosmetics raw material b...
Jul 24, 2023 (Gmt+09:00)
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Banking & Finance
S.Korea's BC Card to enter Kyrgyz payment market
South Korea's BC Card will make a full-fledged entry into the Central Asian payment market by establishing a card payment joint venture in Kyrgyzsta...
Jul 24, 2023 (Gmt+09:00)
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Fashion
S.Korea’s Brand X establishes Taiwanese corporation
South Korea's media and e-commerce company Brand X Co. announced on Friday that it has established a Taiwanese corporation. The move seeks to amplif...
Jul 21, 2023 (Gmt+09:00)
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Batteries
Road near SK On’s US plant in Georgia named SK Blvd
South Korean battery maker SK On announced on Thursday that a road near its US corporation, SK Battery America's (SKBA) site, has been renamed "SK...
Jul 20, 2023 (Gmt+09:00)
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IPOs
LS Materials embarks on IPO process to go public in 2023
Global top ultracapacitor player LS Materials Co. is expected to go public in South Korea this year, which would mark the first LS Group company IPO...
Jul 18, 2023 (Gmt+09:00)