open innovation program
Scope
Date
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Carbon neutrality
SK Rent-a-Car to replace internal combustion engine cars with EVs
SK Rent-a-Car plans to overhaul its existing fleet of internal combustion engine vehicles in favor of electric cars. The company aims to capitalize ...
Sep 08, 2023 (Gmt+09:00)
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Korean startups
LG seeks outside innovators' ideas on new growth drivers at Superstart Day
LG Group, South Korea’s fourth-largest business group, is actively embracing collaboration with outside innovators to foster its new growth dr...
Sep 07, 2023 (Gmt+09:00)
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Retail
E-Mart opens 4th Korean hypermarket in Ulaanbaatar
South Korea’s top supermarket chain E-Mart Inc. launched its fourth hypermarket in Ulaanbaatar on Thursday with a stronger push for Korean bra...
Sep 07, 2023 (Gmt+09:00)
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Tech, Media & Telecom
SK C&C, Yonsei Univ. to develop digital manufacturing experts
South Korea's digital solutions provider SK C&C will open a master’s degree program at Yonsei University in Seoul to develop experts in di...
Sep 07, 2023 (Gmt+09:00)
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Fashion
Korea's National Geographic Apparel steps up push into China
South Korean fashion company The Nature Holdings Co. is set to expand the presence of its outdoor clothing brand National Geographic Apparel in Chin...
Sep 06, 2023 (Gmt+09:00)
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Travel & Leisure
Seoul to open hidden space below City Hall subway station
Seoul is set to unveil a secret path below the City Hall subway station to the public for the first time in 40 years as the South Korean capital aim...
Sep 05, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung commits $3.7 mn to chipmaking education at UT Austin
Samsung Electronics Co. has committed $3.7 million to University of Texas at Austin’s Cockrell School of Engineering to educate talent and boo...
Sep 04, 2023 (Gmt+09:00)
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Electric vehicles
LG Magna to build plant in Hungary for European EV market
MUNICH -- LG Magna e-Powertrain Co., a joint venture between South Korea’s LG Electronics Inc. and Canada’s Magna International Inc., ha...
Sep 04, 2023 (Gmt+09:00)
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Steel
POSCO mulls opening integrated steel plant in India
CHENNAI, INDIA – POSCO, the South Korean steel giant under POSCO Holdings Inc., is considering opening an integrated steel mill in India ...
Sep 04, 2023 (Gmt+09:00)
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Beauty & Cosmetics
L'Oréal keeps door open for more K-beauty acquisitions
L'Oréal S.A., the leading global cosmetics maker, is considering more acquisitions and partnerships in the beauty sector of South Korea, the ...
Sep 01, 2023 (Gmt+09:00)
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Korean startups
Hyundai Motor spins off 3 in-house startups in innovative sectors
Hyundai Motor Group said on Tuesday it has spun off three promising in-house startups, which the South Korean automotive group has nurtured as part ...
Aug 29, 2023 (Gmt+09:00)
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Food & Beverage
Nestlé seeks to open Starbucks brand stores in Korea
Nestlé S.A., the world’s largest food company, is preparing to open small Starbucks brand stores in South Korea to attract budget-consc...
Aug 28, 2023 (Gmt+09:00)
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Bio & Pharma
Voronoi to strengthen AI-driven open innovation
South Korea’s biotechnology startup Voronoi Inc. announced on Monday that it is intensifying its artificial intelligence (AI)-driven new drug ...
Aug 28, 2023 (Gmt+09:00)
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Korean chipmakers
S.Korea names 20 fabless firms to receive government support
South Korea is set to bolster support for local fabless companies, which design and sell chips, with an aim to grow the firms into global semiconduc...
Aug 28, 2023 (Gmt+09:00)
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Food & Beverage
Starbucks' space marketing shines in Korea with 'The' stores
Starbucks “The Yeosu Dolsan DT” in South Korea embodies the business philosophy of its founder and former Chief Executive Howard Schultz...
Aug 25, 2023 (Gmt+09:00)
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Retail
E-Mart to open 1st S.Korean convenience store in Cambodia
E-Mart Inc. is set to launch the first South Korean convenience store in Cambodia as the struggling hypermarket giant aims to seek growth opportunit...
Aug 25, 2023 (Gmt+09:00)
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Artificial intelligence
Doosan Robotics to develop GPT-based collaborative robots
Doosan Robotics, a subsidiary of South Korea's Doosan Group specializing in robot solutions, is venturing into the development of collaborative robo...
Aug 24, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Samsung’s tie-up with VMware to strengthen SSD competitiveness
LAS VEGAS – Samsung Electronics Co. has partnered with US cloud software provider VMware Inc. to strengthen its competitiveness in the next-ge...
Aug 24, 2023 (Gmt+09:00)
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Electronics
LG aims to capture 50% of global luxury car display market by 2026
LG Display Co., the world’s leading manufacturer of large-size organic light-emitting diode (OLED) panels, said on Wednesday it aims to more t...
Aug 23, 2023 (Gmt+09:00)
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Bio & Pharma
DongKoo Bio & Pharma to enter Philippine healthcare market
South Korea’s DongKoo Bio & Pharma Co. on Tuesday said it signed a memorandum of understanding with the Philippine healthcare group Adizat...
Aug 23, 2023 (Gmt+09:00)
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Fashion
Fans of Supreme rush into the label's 1st Korean store
The US street fashion brand “Supreme,” which has a global fandom with a brand name written in white in a red box, opened its first store...
Aug 22, 2023 (Gmt+09:00)
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Tech, Media & Telecom
CJ Olive Young, Meta sign agreement for digital marketing
South Korea's health and beauty store chain CJ Olive Young announced on Tuesday that it signed a business cooperation agreement with Meta, global so...
Aug 22, 2023 (Gmt+09:00)
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Corporate investment
CJ Foodville picks Arges PE as preferred negotiator to attract investment
Arges Private Equity has been chosen as the preferred negotiator for attracting investment in CJ Foodville, the food service subsidiary of South Kor...
Aug 22, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor, Seoul Univ. to establish Future Automotive Mobility
Hyundai Motor Co. and Seoul National University have joined forces to cultivate talent in electric vehicle control and vehicle software, which are e...
Aug 16, 2023 (Gmt+09:00)
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Korean startups
English tutoring startup Ringle accelerates service diversification
SILICON VALLEY – Ringle English Education Service, a South Korean startup operating a one-on-one English tutoring platform, is actively seekin...
Aug 16, 2023 (Gmt+09:00)
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Beauty & Cosmetics
Cosmax opens Asia's largest cosmetics plant in China
Cosmax Inc., South Korea's biggest cosmetics maker using original design manufacturing (ODM), has opened Asia's largest cosmetics plant in China. ...
Aug 14, 2023 (Gmt+09:00)
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Food & Beverage
S.Korea to deliver food safety management skill to Thai, Malaysian officials
The Ministry of Food and Drug Safety of South Korea announced on Friday that it will conduct an invited training program for food safety officials f...
Aug 11, 2023 (Gmt+09:00)
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Food & Beverage
Heads of S.Korea's chicken chains promoting expansion abroad
The CEOs of South Korea's top three fried chicken franchises are promoting their brands overseas based on the judgement that growth will stagnate if...
Aug 04, 2023 (Gmt+09:00)
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Machinery
HD Hyundai Infracore opens online excavator store
South Korea's HD Hyundai Infracore Co. announced on Thursday that it has opened the first "Develon Online Store," an excavator online mall in the co...
Aug 03, 2023 (Gmt+09:00)
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Regulations
Big Bang deregulation poised to bolster S.Korean ST market
South Korea’s fractional investment market is gearing up for a grand opening after the government earlier this year unveiled security token of...
Aug 03, 2023 (Gmt+09:00)