new ship orders
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Mobile networks
LG Elec takes quantum leap in 6G with new THz band milestone
LG Electronics Inc. has made a new breakthrough in next-generation networks by transferring wireless 6G terahertz (THz) data over a 100-meter distan...
Aug 20, 2021 (Gmt+09:00)
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Electronics
LG Electronics postpones 42-inch OLED Gaming TV launch to early 2022
LG Electronics Inc., one of the world’s largest TV makers, plans to launch the much-anticipated 42-inch organic light-emitting diode (OLED) TV...
Aug 19, 2021 (Gmt+09:00)
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Corporate investment
LG Chem to spend $2.2 billion to build 10 new eco-friendly factories
LG Chem Ltd., South Korea’s top chemical maker, said on Thursday it is spending 2.6 trillion won ($2.2 billion) to strengthen its green busine...
Aug 19, 2021 (Gmt+09:00)
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Carbon neutrality
Samsung Heavy wins approval for ammonia-ready ship design
Samsung Heavy Industries obtained a certificate for its basic design to revamp a liquefied natural gas (LNG) or diesel-powered crude tanker into an ...
Aug 19, 2021 (Gmt+09:00)
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Hydrogen economy
Hydrogen tank maker Iljin Hysolus to make Kospi debut Sept. 3
South Korea’s leading hydrogen tank maker Iljin Hysolus Co. will be listed on Kospi on Sept. 3, according to the company’s IPO briefing ...
Aug 19, 2021 (Gmt+09:00)
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Korean startups
Korea's top online flea market startup value up to $2.6 bn
South Korea’s No. 1 online flea market operator Danggeun Market Inc. has increased its valuation to $2.6 billion as it raised $153 million fro...
Aug 18, 2021 (Gmt+09:00)
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Batteries
Battery recycling: Carmakers, battery companies in new turf war
With electric vehicles increasingly going mainstream, the world’s major carmakers and battery companies face another type of turf war: battery...
Aug 16, 2021 (Gmt+09:00)
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Mergers & Acquisitions
IMM puts Hyundai LNG Shipping on sale
IMM put Hyundai LNG Shipping, South Korea’s top liquefied natural gas (LNG) tanker operator, on sale in a predicted $1.7 billion deal.IMM Priv...
Aug 13, 2021 (Gmt+09:00)
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Machinery
Doosan Infracore expands Middle East market share with more orders
Doosan Infracore Co., a leading South Korean heavy machinery and construction equipment maker, secured more orders in the Middle East where rising c...
Aug 12, 2021 (Gmt+09:00)
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Tech, Media & Telecom
Samsung’s new foldables: Game changer in smartphones
Samsung Electronics Co. on Wednesday announced new additions to its high-end line of Galaxy Z Fold and Z Flip phones, in hopes that the new 5G-enabl...
Aug 11, 2021 (Gmt+09:00)
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Retail
Shinsegae to invest about $900 mn in department stores
South Korea's retail giant Shinsegae Group will invest 1 trillion won ($866 million) in local department stores this year to reinforce the busines...
Aug 11, 2021 (Gmt+09:00)
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Banking & Finance
KakaoBank falls out of Kospi top 10 on 3rd trading day
KakaoBank Corp. has fallen out of the top 10 list on Kospi on Aug. 10, its third trading day, with Celltrion and Kia Corp. overtaking the company ag...
Aug 10, 2021 (Gmt+09:00)
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Entertainment
K-pop evolves far beyond Korean nationality and language
South Korean music, entertainment and content firms are undergoing a major transformation in their business model. No longer is their discovery of n...
Aug 09, 2021 (Gmt+09:00)
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Private equity
MBK sees new opportunities in China's regulatory risk
China's regulatory crackdown on Chinese technology and private education companies is driving up the level of volatility and creating mispricing in ...
Aug 09, 2021 (Gmt+09:00)
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Shipping & Shipbuilding
Hyundai Heavy wins third offshore plant project in 2021
Hyundai Heavy Industries Group’s shipbuilding unit Korea Shipbuilding & Offshore Engineering (KSOE) has landed its third large-scale offsh...
Aug 06, 2021 (Gmt+09:00)
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Electric vehicles
Global carmakers to speed up EV push as governments pressure harder
US and European governments are pressing harder with tough regulations to expand electric vehicles (EV) adoption for cutting emission. Global automa...
Aug 06, 2021 (Gmt+09:00)
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Economy
New FSC chief nominee tough on household debt, against cryptocurrencies
South Korea’s incoming financial regulatory chief says his policy priority is on limiting economic and financial risks stemming from higher ho...
Aug 06, 2021 (Gmt+09:00)
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SK Hynix to set up US NAND firm led by Intel’s senior vice president
SK Hynix that took over Intel Corp.’s NAND memory chip business plans to set up a new company in the United States. Intel’s senior vice ...
Aug 06, 2021 (Gmt+09:00)
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Korean games
Nexon reveals upcoming 'super' games, eyes entertainment IPs
South Korea's leading game company Nexon Co. has unveiled a massive lineup of super games in development alongside plans to expand its intellectual ...
Aug 06, 2021 (Gmt+09:00)
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COVID-19
Celltrion to enter clinical trials of new COVID-19 treatment
South Korean biosimilar maker Celltrion Inc. will launch the first-phase clinical trials of its new COVID-19 treatment candidate next month, followi...
Aug 05, 2021 (Gmt+09:00)
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Capital raising
KKR, IMM PE in bid for SK E&S' $2 bn preferred shares
KKR & Co., IMM Private Equity and Glenwood Private Equity are among the preliminary bidders for 2 trillion won ($1.9 billion) worth of new prefe...
Aug 04, 2021 (Gmt+09:00)
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Pharmaceuticals
Daewoong Pharmaceutical aims to top $4 bn in sales by 2027
South Korea-based Daewoong Pharmaceutical Co. is hoping to achieve 5 trillion won ($4.4 billion) in sales by 2027, meaning that the company aims to ...
Aug 04, 2021 (Gmt+09:00)
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Korean startups
Korean conglomerates turn to startups to tackle new ventures and ESG
South Korean conglomerates have been reaching out to D.CAMP, the country's largest non-profit foundation for startups, to get in touch with domestic...
Aug 03, 2021 (Gmt+09:00)
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Corporate bonds
KOMIPO raises $300 mn in dollar bonds at lower-than-expected cost
Korea Midland Power Co. (KOMIPO) raised $300 million in a dollar corporate bond at a lower interest rate than planned on strong demand among foreign...
Aug 03, 2021 (Gmt+09:00)
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Airlines
Korean Air hits milestone of 10,000 cargo-only passenger flights
Korean Air Lines Co. (KAL) hit a milestone of having operated 10,000 cargo-only passenger flights as of Aug. 1, as the country’s top carrier g...
Aug 02, 2021 (Gmt+09:00)
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Shipping & Shipbuilding
Korea’s big 3 shipbuilders aim to hike newbuilding prices
South Korea’s three major shipbuilders are looking to raise new shipbuilding prices to enhance their profitability following hefty second-quar...
Aug 02, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Korea’s only shipyard under creditor protection to be sold this year
A sale of Daehan Shipbuilding Co., South Korea’s only shipbuilder under creditor protection, is to be completed within this year through a sta...
Jul 30, 2021 (Gmt+09:00)
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Korean games
Nexon founder resigns in top management reshuffle
South Korean game company Nexon’s founder Kim Jung-ju has resigned from the chief executive position at NXC Corp., the holding company of Nexo...
Jul 30, 2021 (Gmt+09:00)
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Hydrogen economy
California to deploy 30 Hyundai hydrogen trucks for public projects
Hyundai Motor Co.’s XCIENT hydrogen fuel cell trucks will be running the roads of California as part of two publicly funded projects to improv...
Jul 27, 2021 (Gmt+09:00)
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Metaverse
CJ ENM to build virtual studio with Samsung’s new commercial displays
South Korean media company CJ ENM Co. is using Samsung Electronics Co.’s new commercial displays for a virtual production studio to spearhead ...
Jul 26, 2021 (Gmt+09:00)
Latest News
- 1 LG to invest $762 mn in webOS to transform into platform-based tech giant
- 2 S.Korea to offer incentives to attract foreign scientists
- 3 Vinyl boom shows no sign of abating in South Korea
- 4 Uniqlo expands in Korea as No-Japanese boycott wanes
- 5 Seoul rejects Elliott’s $20 mn claim against Samsung C&T