new growth engine
Scope
Date
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Construction & Planning
Korean-style smart city to be introduced in Ukraine's Uman
The South Korean government has decided to support the development of a smart city in Uman located in central Ukraine. The Ministry of Land, Infrast...
Jun 22, 2023 (Gmt+09:00)
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Private debt
Private real estate debt shines on banks' financing gaps: Savills
More global investors are turning to the private debt market as bank loans are getting tougher under stricter lending regulations. Among a range of ...
Jun 22, 2023 (Gmt+09:00)
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Electric vehicles
Renault to build new EV plant at its Korean base in Busan
BUSAN – French automaker Renault S.A. will build a new electric vehicle manufacturing plant in South Korea to meet growing demand for eco-frie...
Jun 21, 2023 (Gmt+09:00)
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Economy
Monthly exports set for growth in June for 1st time in 10 months
South Korea’s exports in the first 20 days of June rose from a year earlier, seeing growth in the period for the first time since last August....
Jun 21, 2023 (Gmt+09:00)
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Regulations
EU’s new battery act comes with caveats; headache for Samsung, Apple
The European Union’s decision to go greener with batteries that cut carbon emissions and promote recycling comes with a few caveats, posing a ...
Jun 21, 2023 (Gmt+09:00)
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Energy
Korea's Doosan Enerbility sells Bobcat stake in $214 mn block deal
South Korea’s major power plant builder Doosan Enerbility Co. has sold a minority stake in Doosan Bobcat Inc., its construction equipment unit...
Jun 21, 2023 (Gmt+09:00)
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Corporate strategy
Samsung Electronics holds biannual global strategy meeting
Samsung Electronics Co. on Tuesday launched its three-day global strategy meeting, a biannual event held in June and December where major executives...
Jun 21, 2023 (Gmt+09:00)
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Food & Beverage
HiteJinro tops global distilled liquor sales for 22nd consecutive year
South Korea’s leading soju maker HiteJinro Co. announced on Wednesday that it dominated the global distilled liquor market for the 22nd year i...
Jun 21, 2023 (Gmt+09:00)
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Electric vehicles
Hyundai Motor Way: New strategy to accelerate EV push
South Korea’s top automaker Hyundai Motor Group on Tuesday set out its vision to become a top-tier eco-friendly auto brand by accelerating its...
Jun 20, 2023 (Gmt+09:00)
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Batteries
Battery materials firms revive Korean cities with new plants
As South Korean battery materials companies such as LG Chem Ltd., POSCO Future M Co. and EcoPro Co. aggressively step up facility investment, they a...
Jun 20, 2023 (Gmt+09:00)
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Business & Politics
S.Korea-Iraq Joint Committee resumes operations after six years
A joint committee between South Korea and Iraq will be held again after a six-year hiatus.The government plans to help Korean companies win large pr...
Jun 20, 2023 (Gmt+09:00)
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Korean games
Nexon's oldie but goodie MapleStory beats Diablo 4 in Korea
Gaming Giant Nexon Co.’s 20-year-old title MapleStory knocked down US Blizzard Entertainment’s global-hit Diablo 4 in South Korea, helpi...
Jun 20, 2023 (Gmt+09:00)
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Advertising & Marketing
Innocean acquires digital marketing company D-Plan 360
Innocean, a Hyundai Motor Group-affiliated advertising agency, has acquired the Seoul-based digital marketing company D-Plan 360 to greatly rai...
Jun 20, 2023 (Gmt+09:00)
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Corporate restructuring
LG to slim down petrochem as Chinese rivals creep up
South Korea’s LG Chem Ltd. is speeding up restructuring efforts to sell or downsize uncompetitive businesses, with an aim to focus on three gr...
Jun 19, 2023 (Gmt+09:00)
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Regulations
S.Korean auditors enjoy sharp pay rise under new laws
The average salary of accountants at Big Four accounting firms in South Korea has more than doubled over the past few years, as financial regulators...
Jun 19, 2023 (Gmt+09:00)
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Bio & Pharma
SK Chemicals, AZ mark first commercial production of diabetes drugs
South Korea's SK Chemicals has joined forces with global pharmaceutical firm AstraZeneca to initiate commercial production of a chemical drug for di...
Jun 19, 2023 (Gmt+09:00)
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Petrochemicals
LG Chem to sell $1.6 bn stake in LG Energy to foreign investors
South Korea’s leading chemicals company LG Chem Ltd. is slated to secure about 2 trillion won ($1.6 billion) by selling a minority stake in it...
Jun 19, 2023 (Gmt+09:00)
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Logistics
Hyundai Glovis acquires logistics automation SW company Altiall
South Korea's leading logistics company Hyundai Glovis Co. announced on Monday that it has signed a stock purchase agreement related to the acquisit...
Jun 19, 2023 (Gmt+09:00)
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Bio & Pharma
Celltrion puts Takeda’s assets up for sale after 3 years
South Korea’s Celltrion Inc. has put its Japanese Takeda Pharmaceutical Co.'s primary care assets acquired in 2020 on sale as the biosimilar g...
Jun 18, 2023 (Gmt+09:00)
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Automobiles
GM names Hector Villarreal as new CEO for S.Korean operations
General Motors (GM) on Friday named Hector Villarreal as the new president of GM Korea. After more than 40 years with the company, GM Korea Presiden...
Jun 16, 2023 (Gmt+09:00)
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ESG
Lotte Shopping to raise $785 mn from Korean banks for ESG push
Lotte Shopping Co., the retail arm of South Korea's fifth-largest conglomerate Lotte Group, will tap 1 trillion won ($784.4 million) from two of the...
Jun 16, 2023 (Gmt+09:00)
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Min Sung Precision Co.
Key facts Industry Industrial mold manufacturing and repairment/plastic injection molding Mainstay products/services High-precision mold...
Jun 16, 2023 (Gmt+09:00)
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Robotics
POSCO targets robotic automation solutions for new growth
SEONGNAM, Gyeonggi Province -- POSCO DX Co., the IT services subsidiary of South Korea’s largest steelmaker POSCO Group, aims to enter the rob...
Jun 15, 2023 (Gmt+09:00)
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Pension funds
GEPS taps Apollo, EQT, Warburg for buyout, growth equity
South Korea’s Government Employees Pension Service (GEPS) selected Apollo Global Management, Warburg Pincus and Sweden-based EQT Partners as i...
Jun 15, 2023 (Gmt+09:00)
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Electric vehicles
SK Signet to launch Tesla-compatible EV chargers in 2023
SK Signet Inc., an affiliate of South Korea's SK Group that makes and sells electric vehicle (EV) chargers, announced plans on Wednesday to release ...
Jun 15, 2023 (Gmt+09:00)
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Korean startups
Hyundai invests $781 mn in startups to drive future innovation growth
Hyundai Motor Group's open innovation investment in domestic and foreign startups in fields like mobility and artificial intelligence (AI) has excee...
Jun 15, 2023 (Gmt+09:00)
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Batteries
LG, Samsung showcase new battery packs at InterBattery Europe 2023
MUNICH – South Korea’s two leading battery makers – LG Energy Solution Ltd. and Samsung SDI Co. – on Wednesday unveiled low-...
Jun 14, 2023 (Gmt+09:00)
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Korean games
S.Korea's Krafton establishes AI game subsidiary
South Korea's leading game developer Krafton Inc. announced on Wednesday that it has established a new independent studio called ReLU Games.Krafton ...
Jun 14, 2023 (Gmt+09:00)
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Chemical Industry
Daesang to produce new eco-friendly material Cadaverine
Daesang Corp., South Korean manufacturer of food and pharmaceutical ingredients, announced on Wednesday that it has developed a new eco-friendly mat...
Jun 14, 2023 (Gmt+09:00)
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Bio & Pharma
Hanmi Pharm's Efinopegdutide gets Fast Track Designation from FDA
Merck, known as MSD outside the United States and Canada, announced on Monday that Efinopegdutide, a technology transferred from the South Korean ph...
Jun 13, 2023 (Gmt+09:00)
Latest News
- 1 NPS-backed new prime office struggles with poor demand
- 2 Affinity-backed SSG.COM offers first voluntary redundancy
- 3 Lotte to cut basic chemicals in portfolios for profitability
- 4 Young rich Koreans: Financially literate, self-directing
- 5 LG Elec logs record Q2 profit on home appliances, car parts