operating profits
Scope
Date
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Webtoons
S.Korea's Naver Webtoon to expand IP-based operations
South Korea's Naver Webtoon is selling its online intellectual property (IP)-based webtoon products on the offline market to expand its webtoon IP o...
Jun 27, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
HD KSOE breaks ground on marine engine plant in Saudi Arabia
HD Korea Shipbuilding & Offshore Engineering (KSOE) said on Sunday its joint venture Makeen has broken ground on a marine engine plant in Saudi ...
Jun 25, 2023 (Gmt+09:00)
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Bio & Pharma
SK Pharmteco opens 2nd biomanufacturing plant in France
SK Pharmteco Co., South Korean conglomerate SK Group’s contract development and manufacturing organization (CDMO), has secured a second plant ...
Jun 23, 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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Retail
Shopping without passport at S.Korea’s Lotte Duty Free
With a smartphone, you can now shop at duty-free shops in Seoul without a passport.Lotte Duty Free announced on Tuesday that it has introduced the i...
Jun 20, 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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Soft Mold
Key facts Industry Mold manufacturing, injection molding Mainstay products/services Quick delivery molds (QDM), soft molds, injection mo...
Jun 16, 2023 (Gmt+09:00)
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Insurance
Woori Bank Vietnam, Samsung Vina Insurance team up for bancassurance
South Korea's Woori Bank revealed on Thursday that its Vietnamese operation, Woori Bank Vietnam, has signed a property insurance business agreement ...
Jun 15, 2023 (Gmt+09:00)
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Logistics
Hanjin to participate in operation of logistics center in Thailand
South Korea's Hanjin Transportation, a logistics unit of Hanjin Group, announced on Friday that it will open a 9,000-square-meter container freight ...
Jun 09, 2023 (Gmt+09:00)
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Automobiles
Hyundai Mobis exceeds $770 bn in R&D investment in 2023
South Korea's car parts maker Hyundai Mobis is turning into a software-oriented mobility company by investing over 1 trillion won ($772.3 million)...
Jun 09, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
HD KSOE gauges carbon emitted over LNG ship's lifespan
HD Korea Shipbuilding & Offshore Engineering (HD KSOE), the intermediate shipbuilding holding company of HD Hyundai Co., is calculating the carb...
Jun 09, 2023 (Gmt+09:00)
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Tech, Media & Telecom
LG CNS, Honeywell collaborate on smart factory
LG CNS Co., the information technology service arm of LG Group, is enhancing production efficiency and security in smart factories through collabora...
Jun 07, 2023 (Gmt+09:00)
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Pension funds
Korea’s NPS likely to post 6.4% return for Q1 2023
National Pension Service (NPS) in South Korea achieved a 6.4% return on investment during the first quarter of this year, recovering some 73% of the...
May 31, 2023 (Gmt+09:00)
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Future mobility
KAI joins project to develop hydrogen-powered aircraft
South Korea's aerospace and defense company Korea Aerospace Industries Ltd. (KAI) on Wednesday said it joined a project of industry, academic and re...
May 31, 2023 (Gmt+09:00)
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Robotics
POSCO, LG Electronics to jointly build smart factory
POSCO Holdings Inc. and LG Electronics Inc. announced on Wednesday that they will collaborate to upgrade POSCO's smart factory technology. The initi...
May 31, 2023 (Gmt+09:00)
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Artificial intelligence
S.Korea to develop supercomputer for industrial use
South Korea is set to develop a supercomputer for industrial use as Asia’s fourth-largest economy lags far behind on the performance of such d...
May 31, 2023 (Gmt+09:00)
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Airlines
Air Busan targets record profit with more int’l flights
Air Busan Co., a South Korean low-cost carrier, targets record earnings with more international flights, especially to neighboring China and Japan, ...
May 30, 2023 (Gmt+09:00)
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Earnings
S.Korean karaoke machine leader TJ Media enjoys post-pandemic boom
South Koreans’ love for singing is no secret, and with the lifting of social-distancing rules in the post-pandemic era their suppressed desire...
May 26, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor union demands higher wages on record earnings
Historically, Hyundai Motor Co.'s labor union has been among the most hardline in South Korea's corporate wage negotiations.Despite the relatively l...
May 25, 2023 (Gmt+09:00)
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Korean games
S.Korea’s popular MMORPGs go abroad for profitability
South Korean game developers target overseas markets for their locally hit massively multiplayer online role-playing games (MMORPGs) to increase pro...
May 24, 2023 (Gmt+09:00)
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Alternative investments
Find opportunities amid macro uncertainty in 2023: M&G
Markets today are in the midst of a shift as interest rate hikes are nearing their end and economic growth is challenged. Other changes in demogra...
May 23, 2023 (Gmt+09:00)
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Mergers & Acquisitions
MBK Partners puts Korea’s largest golf course operator on market
North Asia-focused private equity firm MBK Partners has put Golfzon County Co., the biggest golf course operator in South Korea, on sale at an estim...
May 23, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Korea's two ride hailing apps to merge in H1, become top operator
South Korea’s ride hailing apps TADA and i.M are set to complete their merger as early as the first half of this year, aiming to become the co...
May 22, 2023 (Gmt+09:00)
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Retail
Korea's E-Mart shares tumble despite push for profitability
South Korea’s largest hypermarket chain E-Mart Inc., a unit of a local retail giant Shinsegae Group, suffered a drop in its share prices to a ...
May 18, 2023 (Gmt+09:00)
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Earnings
Nexon beats major Korean rivals with China market, PC games
Gaming giant Nexon Co. is dwarfing major South Korean rivals thanks to its success in China and PC titles.Nexon, a South Korean-Japanese game publis...
May 12, 2023 (Gmt+09:00)
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Future mobility
Kia, Kakao Mobility to jointly develop PBV for ride-hailing
Kia Corp. and Kakao Mobility announced on Friday that they have signed the previous day a memorandum of understanding for the development of a purpo...
May 12, 2023 (Gmt+09:00)
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Earnings
Lotte Chemical projects recovery in Q2 after 4th consecutive loss in Q1
Lotte Chemical Corp. suffered its fourth consecutive operating loss in the first quarter due to a prolonged petrochemical slowdown amid the global e...
May 11, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
POSCO Int'l to directly operate LNG-dedicated carrier
POSCO International Corp., the general trading and energy exploration unit of South Korea’s steel giant POSCO Holdings Inc., ...
May 10, 2023 (Gmt+09:00)
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Earnings
SK Telecom to further develop AI, its growth driver in Q1
SK Telecom Co. beat market expectations for its first-quarter earnings thanks to its robust non-telecom businesses and vowed to continue to bolster ...
May 10, 2023 (Gmt+09:00)
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Carbon neutrality
LS Electric targets Southeast Asian microgrid market
South Korea's LS Electric Co. will join hands with Thailand's second-largest company Siam Cement Group (SCG) to target the Southeast Asian market fo...
May 10, 2023 (Gmt+09:00)