operating rates
Scope
Date
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Beauty & Cosmetics
China's lockdown slams Korean beauty giants' Q2 earnings
South Korea’s two major cosmetics firms, Amorepacific Corp. and LG H&H Co., posted their second-quarter earnings heavily impacted by Chi...
Jul 29, 2022 (Gmt+09:00)
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Batteries
LG Energy shrugs off slowing economy as demand grows
South Korea’s top battery maker LG Energy Solution Ltd. on Wednesday unveiled its ambitious goals for revenue and operating margins as electri...
Jul 27, 2022 (Gmt+09:00)
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Korean startups
Online study assistant operator Bebridge receives $1.9 mn in pre-Series A
South Korean startup Bebridge Inc. announced Thursday it raised 2.5 billion won ($1.9 million) in pre-Series A round from Magna Investment, Bluepoin...
Jul 21, 2022 (Gmt+09:00)
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Korean startups
Warehouse robotics maker Floatic raises $2.6 million in pre-Series A
Warehouse automation startup Floatic Robotics wrapped up its pre-Series A round with 3.4 billion won ($2.6 million). The Seoul-based company is...
Jul 21, 2022 (Gmt+09:00)
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E-commerce
Fashion platform Brandi eyes unicorn status with $51 mn funding round
South Korean fashion e-commerce platform Brandi Inc. has embarked on a 67 billion won ($51 million) funding round, hoping for around 800 billion w...
Jul 20, 2022 (Gmt+09:00)
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Metaverse
Naver Zepeto targets Middle East for global expansion
Naver Z Corp., the operator of Asia’s largest metaverse platform Zepeto, is set to accelerate its global expansion through localization, mainl...
Jul 20, 2022 (Gmt+09:00)
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Real estate
Pfizer Korea HQ sale falls through on investors' tepid interest
South Korea’s GRE Partners Asset Management Co. a real estate investment firm, has recently suspended the selling process for Pfizer Pharmaceu...
Jul 18, 2022 (Gmt+09:00)
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Foreign exchange
Won may head to 1,400 against the dollar for 1st time since 2008-09 crisis
The South Korean won is expected to weaken to 1,400 against the dollar, a level not seen since the 2008-09 global financial crisis as the country&rs...
Jul 15, 2022 (Gmt+09:00)
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Real estate
Commercial real estate market in Seoul shrinks in H1 2022
The commercial real estate market in Seoul slowed this year, according to a report by South Korean online property platform RSquare. The sum of the ...
Jul 12, 2022 (Gmt+09:00)
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Korean startups
Dunamu to nurture 500 Korean startups to create jobs
Dunamu, the operator of South Kora’s largest cryptocurrency exchange Upbit, has launched two programs to support 500 startups over the next fi...
Jul 12, 2022 (Gmt+09:00)
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Central bank
BOK likely to take 50-bp big step hike to curb inflation
South Korea’s central bank is expected to raise interest rates by 50 basis points (bps) on Wednesday for the first time in history to cool dow...
Jul 12, 2022 (Gmt+09:00)
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Upcoming IPOs
South Korea’s unicorn startups, including Viva Republica, delay IPOs
South Korean startups that exceed $1 billion in valuations, known as unicorns, are pushing back their initial public offering (IPO) dates.The move c...
Jul 11, 2022 (Gmt+09:00)
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Korean startups
Hansol Paper joins Series A funding for RIU worth $1.5 mn
Hansol Paper Co. announced Thursday that it participated as a strategic investor in a Series A funding worth 2 billion won ($1.5 million) for South ...
Jul 08, 2022 (Gmt+09:00)
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Foreign exchange
Korean won forecast to weaken further after hitting 13-year low
The South Korean won is expected to further depreciate after touching its lowest level since the 2008-2009 global financial crisis, on concerns that...
Jul 07, 2022 (Gmt+09:00)
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Automobiles
Easing car delivery crunch: Boon or bane for Hyundai, Kia?
Just like its global peers, Hyundai Motor Co. and Kia Corp. have suffered from the chip shortage that bogged down the entire auto industry for nearl...
Jul 06, 2022 (Gmt+09:00)
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Economy
Korea inflation at 24-year high, adds to big step views
South Korea’s inflation accelerated to a 24-year high last month, reinforcing expectations that the central bank may raise interest rates by 5...
Jul 05, 2022 (Gmt+09:00)
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ESG
LS Cable to step up ESG efforts by recycling wooden cable drums
LS Cable & System Ltd. is slated to begin recycling wooden cable drums as part of its environmental, social and governance (ESG) management effo...
Jul 04, 2022 (Gmt+09:00)
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Electronics
LG Elec.-SM Ent. tie up to challenge Apple Fitness+
LG Electronics Inc. and SM Entertainment Co., South Korea’s giants in the home appliances and entertainment sectors, joined hands in the home ...
Jul 01, 2022 (Gmt+09:00)
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Pension funds
Military fund to raise payouts with interest rate increases
South Korea’s Military Mutual Aid Association (MMAA) has decided to raise the interest rates of the members’ savings products by 25 to 4...
Jun 28, 2022 (Gmt+09:00)
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Healthcare
CHA Healthcare buys major Australian fertility center
South Korea’s medical center operator CHA Healthcare Co. said on Monday it has acquired the management rights of Fertility Specialists of West...
Jun 27, 2022 (Gmt+09:00)
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Retail
Korean duty-free shops hit by unfavorable exchange rate, limited inventory
The duty-free industry has been hoping that the end of COVID-19-related travel restrictions would help boost its sales. Even as international t...
Jun 26, 2022 (Gmt+09:00)
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Foreign exchange
Korea won at 13-year low on recession fears amid tightening
South Korea’s won hit a 13-year low, weakening past the psychologically important 1,300 per US dollar level for the first time since the 2008-...
Jun 23, 2022 (Gmt+09:00)
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Artificial intelligence
LG CNS launches AI robot subscription service for warehouse operators
LG CNS unveiled a cloud-based logistics robot subscription service on Tuesday, which could save warehouse operators a significant amount in upfront ...
Jun 22, 2022 (Gmt+09:00)
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Entertainment
Korea’s adult audio platform eyes Japan for global biz
South Korea’s adult audio content platform for women raised money to make inroads into Japan as a start of its global business.Sensual Moment ...
Jun 21, 2022 (Gmt+09:00)
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Korean stock market
Foreign ownership of S.Korean stocks at 13-year low
Foreign investors’ stockholdings in South Korea have plunged to their lowest level in nearly 13 years, dealing a heavy blow to the domestic st...
Jun 21, 2022 (Gmt+09:00)
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Airlines
Korea airlines grounded by oil, currency, interest rates
South Korea’s airlines are suffering from surging oil prices, a weaker won and rising interest rates as the global border reopening has yet to...
Jun 17, 2022 (Gmt+09:00)
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Central bank
BOK may take big-step rate hike on Fed's aggressive tightening
South Korea’s central bank may raise interest rates more than usual to rein in inflation in Asia’s fourth-largest economy after the US F...
Jun 16, 2022 (Gmt+09:00)
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Korean games
Netmarble to officially launch Seven Knights Revolution on July 28
Netmarble Corp. is poised to officially launch its latest game Seven Knights Revolution on July 28 in South Korea. The South Korean mobile game...
Jun 16, 2022 (Gmt+09:00)
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Economy
Korea Inc. hit by rising commodity prices, weak won, supply crisis
South Korea’s major industries, especially the petrochemical and auto parts sectors, are suffering from surging global commodity prices, a wea...
Jun 15, 2022 (Gmt+09:00)
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Alternative investments
Brokerages sit on $5.3 bn of global alternative assets to sell down
Some major securities firms in South Korea are having difficulties with overseas alternative assets they have yet to sell down. The brokerage firm...
Jun 14, 2022 (Gmt+09:00)
Latest News
- 1 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 2 AI startup MarqVision raises $16.5 mn to close Series A
- 3 Taihan Cable wins $630 mn power grid project in Singapore
- 4 Korean startup scene is gloomy, say 2 out of 5 startup CEOs
- 5 MBK ups stakes for Korea Zinc to match buyback offer