one million downloads
Scope
Date
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Foreign exchange
Koreans’ US dollar selling spree continues in anticipation of weaker USD
US dollar investors in South Korea have not backed down from their shorting position of the currency despite the strengthening dollar against the Ko...
Sep 19, 2023 (Gmt+09:00)
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Artificial intelligence
SK Hynix tests new AI hardware on Meta’s generative AI model
SK Hynix Inc., the world’s second-largest memory chipmaker after Samsung Electronics Co., has unveiled a new memory chip-based device that boo...
Sep 18, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor’s Genesis: Distilled luxury with 1 million car sales
In South Korea’s automobile industry, it is widely acknowledged that the country’s homegrown premium car brand started with the Genesis....
Sep 17, 2023 (Gmt+09:00)
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Automobiles
Hyundai IONIQ 6’s engine named best in US
Hyundai Motor Co. announced on Friday that its electric vehicle (EV) IONIQ 6 sedan's powertrain was named one of the "2023 Wards 10 Best Engines and...
Sep 15, 2023 (Gmt+09:00)
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Infrastructure
Shinhan, 3i, DWS to sell Dutch waste treatment firm to Ardian
South Korea’s Shinhan Asset Management Co., London-based 3i Group plc and Germany's DWS Group are set to sell their combined full stake in Dut...
Sep 13, 2023 (Gmt+09:00)
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Carbon neutrality
Samsung Electronics on track to achieve carbon neutrality by 2050
Come Friday, Samsung Electronics Co., the world’s largest memory chipmaker, will mark its first anniversary of publicly announcing its enterpr...
Sep 13, 2023 (Gmt+09:00)
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Korean chipmakers
SK Enpulse to sell off chip processing units in China
SK Enpulse Co., a South Korean semiconductor part and equipment maker, said on Wednesday it will sell off its chip pre-manufacturing processing unit...
Sep 13, 2023 (Gmt+09:00)
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Artificial intelligence
GenAI startup Wrtn’s cumulative subscribers exceed 1 million
South Korean generative AI startup Wrtn Technologies announced on Tuesday that it has surpassed one million cumulative subscribers to its service.Wr...
Sep 12, 2023 (Gmt+09:00)
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Real estate
Hanjin KAL to sell off its Waikiki Resort Hotel at $108 mn
South Korea’s Hanjin KAL Corp. will sell the assets owned by its Hawaii-based subsidiary Waikiki Resort Hotel Inc. to US company AHI-CLG LLC a...
Sep 08, 2023 (Gmt+09:00)
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Food & Beverage
Snack maker Orion earns dividends from Vietnam for 1st time
South Korea’s confectionery and snack manufacturer Orion Corp. collected dividends from its Vietnamese unit for the first time as the company ...
Sep 07, 2023 (Gmt+09:00)
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Private equity
SK Group, NPS may exercise put option on Masan without gain
South Korean institutional investors, including SK Group and National Pension Service (NPS), are likely to only recover their principal without prof...
Sep 06, 2023 (Gmt+09:00)
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IPOs
Shinhan Securities handles listing of private hospital in Indonesia
Shinhan Investment & Securities announced on Thursday that its local subsidiary in Indonesia has organized the listing of private hospital RSCH ...
Aug 31, 2023 (Gmt+09:00)
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Real estate
S.Korean lenders in New York luxury hotel likely to see losses
Some South Korean institutional investors may see significant losses on their investment in a hotel in the heart of New York as the developer has de...
Aug 29, 2023 (Gmt+09:00)
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Korean startups
Korea Credit Data raises $75.7 million from Morgan Stanley
Korea Credit Data (KCD), a South Korean fintech startup focusing on small- and medium-sized enterprises (SMEs), has raised 100 billion won ($75.7 mi...
Aug 24, 2023 (Gmt+09:00)
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Bio & Pharma
SK Bioscience resumes output of flu vaccine after two years
SK Bioscience Co., the drug-making unit of South Korea’s SK Group, on Wednesday shipped SKYCellflu, its vaccine for the common flu, for the fi...
Aug 24, 2023 (Gmt+09:00)
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Chemical Industry
SK Enmove partners with Dell, GRC for data center coolant business
South Korea’s lube oil maker SK Enmove Co. has partnered with US computer maker Dell Technologies Inc. and data center cooling system provider...
Aug 23, 2023 (Gmt+09:00)
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Batteries
LS e-Mobility to supply $187 million in EV parts to Hyundai Motor, Kia
LS e-Mobility Solutions Co., a power transmission parts maker, has won a 250 billion won ($187 million) deal to supply electric vehicle (EV) parts...
Aug 22, 2023 (Gmt+09:00)
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K-pop
BTS’ ‘Boy With Luv’ surpasses 1.7 billion YouTube views
The number of YouTube views of the group BTS' "Boy With Luv" music video exceeded 1.7 billion, the agency Big Hit Music said on Tuesday.The music vi...
Aug 22, 2023 (Gmt+09:00)
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Bio & Pharma
SK Pharmteco gears up for big leap in advanced biotherapies
SK Pharmteco Co., South Korean conglomerate SK Group’s contract development and manufacturing organization (CDMO), is upping the ante in its b...
Aug 17, 2023 (Gmt+09:00)
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Automobiles
Hyundai's premium Genesis cars to break 1 million units in global sales
Genesis, the luxury car brand of Hyundai Motor Co., is on the verge of breaking the million mark in cumulative global sales this month in seven year...
Aug 14, 2023 (Gmt+09:00)
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Pension funds
Blackstone, KKR join race for Korean pension fund's real estate debt
South Korea’s Government Employees Pension Service (GEPS) has shortlisted four global investment firms, Blackstone, KKR & Co., Goldman Sac...
Aug 11, 2023 (Gmt+09:00)
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Food & Beverage
S.Korea's Nongshim earns H1 operating profit of $89 million
South Korean food and beverage giant Nongshim Co. saw operating profit in the first half of the year more than double thanks to strong instant noodl...
Aug 11, 2023 (Gmt+09:00)
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Energy
LS Cable invests $117.5 million in boosting submarine cable output
South Korea’s LS Cable & System on Thursday announced additional investment of 155.5 billion won ($117.5 million) in its plant in Donghae,...
Aug 11, 2023 (Gmt+09:00)
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Electronics
LG Elec. showcases micro LED optimized for business spaces
South Korea’s LG Electronics Inc. said on Thursday that it has launched a micro light-emitting diode (LED) signage, LG MAGNIT All-in-One, to t...
Aug 10, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Toss’ TADA sale back to square one; its mobility push faces setback
Viva Republica Inc., South Korea’s fintech unicorn operating mobile financial platform Toss, is at a crossroads as its second attempt to sell ...
Aug 09, 2023 (Gmt+09:00)
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Bio & Pharma
SK Bioscience buys 6.5 million Novavax shares for $83.4 million
SK Bioscience Co., the drug-making unit of South Korea’s SK Group, said on Wednesday it has signed a deal to buy 6.5 million shares in US vacc...
Aug 09, 2023 (Gmt+09:00)
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Electronics
Preorders for new Galaxy foldable smartphones exceed 1 million
The Samsung Electronics Co. foldable Galaxy Z Fold 5 and Flip 5 could be the next big thing on the smartphone market.The company on Tuesday said it ...
Aug 08, 2023 (Gmt+09:00)
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Pension funds
S.Korea's NPS sells off Australian warehouse equity at $368 mn
National Pension Service (NPS) of South Korea, the world’s third-largest pension fund, said on Monday it has sold off a 50% stake in an Austra...
Aug 07, 2023 (Gmt+09:00)
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Korean games
Com2uS' Minigame Party surpasses 1 mn global downloads
South Korean game company Com2uS Corp. announced on Friday that its mobile game "Minigame Party," which was simultaneously released worldwide on Jul...
Aug 04, 2023 (Gmt+09:00)
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Travel & Leisure
Lotte Tour's Jeju Island casino hits record revenue in July
South Korea’s Lotte Tour Development's Jeju-based casino saw record revenue in July thanks to an increased number of foreign tourists to the c...
Aug 03, 2023 (Gmt+09:00)