military operations
Scope
Date
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Private equity
MBK Partners' key asset draws young customers: Modern House
Modern House, the top home decoration brand in South Korea, sticks to a unique rule for its store operations: one-third of the products on the shelv...
Feb 15, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
HD KSOE teams up with Woodside, MOL on liquid hydrogen carrier
South Korea’s top shipbuilder HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) is gearing up to develop and operate a vessel to ...
Feb 14, 2024 (Gmt+09:00)
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Earnings
Netmarble bets on new games for turnaround in 2024
Netmarble Corp. expects a turnaround this year driven by new games after successfully snapping its seven consecutive quarter losing streak in the fi...
Feb 08, 2024 (Gmt+09:00)
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Alternative investments
S.Korean investors name their 42 favorite alternative asset managers
Apollo Asset Management, Warburg Pincus and Lexington Partners are South Korean institutional investors’ most preferred private equity firm...
Feb 08, 2024 (Gmt+09:00)
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Earnings
EcoPro’s 2023 profit halves on softer EV demand, materials prices
South Korea’s major battery materials company EcoPro Co. saw last year’s operating profit halved from the previous year after a steeper-...
Feb 07, 2024 (Gmt+09:00)
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Batteries
GM chair to visit Korea, meet LG Energy, Samsung SDI CEOs
General Motors Chair and Chief Executive Mary Barra will visit South Korea on Wednesday to meet leaders of LG Energy Solution Ltd. and Samsung SDI C...
Feb 06, 2024 (Gmt+09:00)
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Aerospace & Defense
Kia rides defense sector boom with military vehicles
Kia Corp., South Korea’s second-largest automaker, has unveiled its next-generation military vehicle technologies at the largest defense exhib...
Feb 06, 2024 (Gmt+09:00)
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Earnings
SK Telecom gears up for AI leap in 2024
SK Telecom Co., South Korea’s largest mobile carrier, will expedite its transition into an artificial intelligence company this year after its...
Feb 05, 2024 (Gmt+09:00)
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Earnings
S-Oil’s 2023 operating profit more than halves on weak refining margins
S-Oil Corp., the South Korean unit of Saudi Arabian Oil Co., on Friday posted a 58.3% decline in its operating profit last year, weighed by lower re...
Feb 02, 2024 (Gmt+09:00)
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Energy
POSCO Int’l to invest $760 mn in energy business in 2024
POSCO International Corp., a South Korean general trading and energy exploration company, will invest 1 trillion won ($760 million) in its energy bu...
Feb 02, 2024 (Gmt+09:00)
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Aerospace & Defense
KAI sees record-high earings in 2023
Korea Aerospace Industries Ltd. (KAI), the country’s sole military aircraft manufacturer, posted record revenue last year, boosted by the ex...
Feb 02, 2024 (Gmt+09:00)
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Bio & Pharma
Kakao launches AI-based blood sugar management solution
South Korea’s Kakao Healthcare Corp. has introduced an artificial intelligence-based blood sugar management solution targeting the global digi...
Feb 01, 2024 (Gmt+09:00)
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Aerospace & Defense
Huneed, DTC to co-work for military radio equipment
South Korea's Huneed Technologies announced on Tuesday that it has signed a teaming agreement with the UK-based Codan Communications DTC. The two c...
Jan 31, 2024 (Gmt+09:00)
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Corporate restructuring
Lotte Group Chairman says to sell ailing units for new biz: report
Lotte Group plans to sell ailing units as the South Korean retail-to-chemical conglomerate is shifting its focus to new growth sectors such as bio, ...
Jan 30, 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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Aerospace & Defense
Korea unveils next-gen howitzer plans for defense exports
South Korea introduced plans for the development of next-generation self-propelled howitzers to its existing customers as the country aims to foster...
Jan 26, 2024 (Gmt+09:00)
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Food & Beverage
Lotte gets exclusive right of Bacha Coffee in S.Korea
South Korea's Lotte Department Store announced on Thursday that is has secured the exclusive franchise and distribution rights for Bacha Coffee, M...
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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Shipping & Shipbuilding
HD Hyundai, Hanwha delivers 1st of 12 container ships to HMM
South Korea’s top container line HMM Co. said on Wednesday that it held a naming ceremony for HMM Garnet, a 13,000 twenty-foot equivalent unit...
Jan 24, 2024 (Gmt+09:00)
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Construction
Shinsegae E&C issues $150 mn bond to calm liquidity concerns
South Korea’s Shinsegae Engineering & Construction Co. (Shinsegae E&C) said on Friday it has raised 200 billion won ($150 million) thr...
Jan 19, 2024 (Gmt+09:00)
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Markets
S.Korean securities downgrades GS E&C’s investment opinion
Hyundai Motor Securities downgraded its investment opinion on GS Engineering & Construction Corp. (GS E&C) from "Buy" to "Market Perform" on...
Jan 19, 2024 (Gmt+09:00)
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Pension funds
Korean military fund anchors $142 mn real estate fund
South Korea’s Military Mutual Aid Association (MMAA), a retirement savings fund for military personnel, is set to become an anchor investor in...
Jan 19, 2024 (Gmt+09:00)
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Corporate strategy
POSCO International to step up global expansion after hefty profits
POSCO International Corp. will step up global expansion in 2024 with a focus on electric vehicle components, eco-friendly energy exploration and gra...
Jan 08, 2024 (Gmt+09:00)
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North Korea
N.Korea fires more than 200 artillery shells off its west coast
North Korea's military conducted coastal artillery fire in the western part of the country on Friday.The North Korean military fired more than 200 a...
Jan 05, 2024 (Gmt+09:00)
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Fashion
The North Face supplier Youngone lends $177 mn to Scott
Youngone Corp., a South Korean clothing manufacturer to global outdoor brands like The North Face and Patagonia, said on Thursday it has decided to ...
Jan 04, 2024 (Gmt+09:00)
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Advertising & Marketing
Innocean establishes social marketing subsidiary
Innocean Worldwide Inc., the global marketing communications arm of Hyundai Motor Group, announced on Wednesday that it has established its social m...
Jan 03, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung eyes $8.8 billion 2024 chip profit: sources
Samsung Electronics Co. seeks to rake in 11.5 trillion won ($8.8 billion) in operating profit from its semiconductor business this year, swiveling f...
Jan 02, 2024 (Gmt+09:00)
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Aerospace & Defense
Hanwha wins S.Korean military anti-drone system deals
South Korean aerospace and defense maker Hanwha Systems Co. is set to establish a military system to cope with small unmanned aerial vehicles (UAVs)...
Dec 22, 2023 (Gmt+09:00)
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IPOs
Fintech platform operator Viva Republica revives IPO plan
Viva Republica Inc., the operator of South Korea’s fintech platform Toss, has revived plans to go public after pushing back its stock market d...
Dec 20, 2023 (Gmt+09:00)
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Fashion
Watchmaker TAG Heuer launches direct operations in S.Korea
Swiss watchmaker TAG Heuer S.A. is set to launch direct operations in South Korea, the world’s seventh-largest luxury market in terms of sales...
Dec 19, 2023 (Gmt+09:00)
Latest News
- 1 Samsung's financial arms beat No.1 banking group KB in profit
- 2 Korea’s airlines plagued by elevated fuel costs, strong dollar
- 3 LG Uplus offers Korean Air gift cards to 5G subscribers
- 4 SK Bioscience sells stake in US vaccine developer Novavax
- 5 Naver Cloud takes the lead in Korea’s public AI business