over-the-top service Korea
Scope
Date
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Korean games
New Delhi blocks Krafton’s Battle Ground Mobile India
The Indian government has ordered the country’s Alphabet Inc.'s Google Play Store and Apple Inc.’s App Store to delete South Korean ga...
Jul 31, 2022 (Gmt+09:00)
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Future mobility
Hyundai Motor to buy Korean self-driving startup 42dot
South Korea’s top carmaker Hyundai Motor Group is set to purchase autonomous driving startup 42dot, intensifying the automaker’s competi...
Jul 29, 2022 (Gmt+09:00)
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Cloud computing
KT ups ante with $1.5 billion spending on public sector cloud service
KT Cloud Corp., a unit of South Korea’s telecom giant KT Corp., plans to spend up to 2 trillion won ($1.5 billion) over the next three years t...
Jul 29, 2022 (Gmt+09:00)
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Food & Beverage
Starbucks Korea issues apology for carcinogen-containing merch
Starbucks Korea issued a public apology on Thursday regarding the recent allegations over its line of summer travel bags containing a toxic chemical...
Jul 28, 2022 (Gmt+09:00)
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Steel
POSCO, Krakatau to expand Indonesia steel mill for $3.5 bn
South Korea’s POSCO Group and Indonesia’s state-run Krakatau Steel plan to jointly invest $3.5 billion in building a blast furnace and a...
Jul 28, 2022 (Gmt+09:00)
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Electronics
LG Display to close LCD TV panel business for domestic use in Korea
LG Display Co., South Korea’s major display maker, is set to pull out of the liquid crystal display (LCD) TV panel business for domestic use. ...
Jul 28, 2022 (Gmt+09:00)
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Mergers & Acquisitions
MBK in talks to buy Korea's top online education firm MegastudyEdu
MBK Partners, one of Asia's largest private equity firms, is in exclusive talks to acquire Korea’s top online education company MegastudyEdu C...
Jul 27, 2022 (Gmt+09:00)
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Energy
Korea's petroleum product exports hit record-high $28 bn in H1
South Korea’s top four oil refiners exported a combined $27.96 billion worth of petroleum products during the first half of 2022. This marked ...
Jul 26, 2022 (Gmt+09:00)
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Carbon neutrality
Soaring renewable energy costs haunt top Korean firms
Major South Korean conglomerates are stepping up efforts to switch to renewable energy, driving their electricity costs sharply higher amid low supp...
Jul 26, 2022 (Gmt+09:00)
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Business & Politics
Indonesian president to visit Hyundai Motor during Korea visit
Indonesian President Joko Widodo will visit Hyundai Motor Co. during his upcoming two-day official visit to South Korea as the automaker is aggressi...
Jul 26, 2022 (Gmt+09:00)
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Food & Beverage
Starbucks Korea faces its biggest challenge in 23 years
Starbucks Korea, the undisputed leader in South Korea’s coffee franchise landscape, is facing the biggest challenge of its 23-year history.&nb...
Jul 25, 2022 (Gmt+09:00)
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Korean stock market
S.Korean defense stocks boosted by $7.6 bn deal with Poland
South Korean defense stocks got a boost from a 10 trillion-won ($7.6 billion) export deal with Poland announced last week. Korea Aerospa...
Jul 25, 2022 (Gmt+09:00)
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Aerospace & Defense
South Korea arms exports triple; rises to 8th-largest exporter
South Korea has become the world’s eighth-largest arms exporter, with its exports rising threefold – the fastest pace among the wo...
Jul 25, 2022 (Gmt+09:00)
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Korean games
Korea's top mobile game Odin creator Lionheart eyes IPO in H2
Lionheart Studio Corp., South Korea’s leading game developer behind the mobile game Odin, has begun the process to go public with its July 22 ...
Jul 24, 2022 (Gmt+09:00)
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Automobiles
Korea's Hyundai Mobis bolsters its own chipmaking capabilities
Hyundai Mobis Co., South Korea’s largest auto parts maker, is aiming to produce the majority of its automotive semiconductors with its own tec...
Jul 22, 2022 (Gmt+09:00)
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Airlines
Korean Air, its white knight Naver close ranks in digital partnership
South Korea’s national flag carrier Korean Air Lines Co. and online platform giant Naver Corp. are expanding their business cooperation in dig...
Jul 22, 2022 (Gmt+09:00)
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COVID-19
Ildong mulls seeking COVID-19 pill approval from Korea first
Ildong Pharmaceutical Co., a South Korean drugmaker, considers seeking approval for a COVID-19 anti-viral pill from the country as Japan postponed g...
Jul 22, 2022 (Gmt+09:00)
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Aerospace & Defense
KAI targets to sell 1,000 units of FA-50 light attack aircraft worth $30 billion
Korea Aerospace Industries Ltd., South Korea’s sole military aircraft manufacturer, is seeking to sell 1,000 units of the FA-50 light combat a...
Jul 22, 2022 (Gmt+09:00)
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Cloud computing
SK, Naver to launch cloud services for Korean public institutions
South Korea’s leading cloud computing and software services providers are slated to join forces to launch a service for smart working in Korea...
Jul 21, 2022 (Gmt+09:00)
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Korean startups
Korea startup unveils AI for sleep study with smartphones
A South Korean startup has unveiled an artificial intelligence model for medical analysis of sleep based on breathing sounds recorded by smartphones...
Jul 20, 2022 (Gmt+09:00)
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Aerospace & Defense
S.Korea defense firms poised to ink $7.7 bn in deals with Poland
South Korea’s defense makers including Hyundai Rotem Co., Korea Aerospace Industries Ltd. (KAI) and Hanwha Defense are poised to clinch 10 tri...
Jul 20, 2022 (Gmt+09:00)
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Aerospace & Defense
Korea's domestic jet fighter KF-21 completes first flight test
KF-21 Boramae, South Korea’s first advanced supersonic jet fighter, successfully completed its first flight test on Tuesday more than six year...
Jul 19, 2022 (Gmt+09:00)
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Economy
Yellen calls for trade overhaul to diversify from China
SEOUL—Treasury Secretary Janet Yellen called for a reorientation of the world’s trading practices in the wake of Russia’s invasion...
Jul 19, 2022 (Gmt+09:00)
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Korean chipmakers
South Korea to cut red tape, raise student quota to grow chip talent
South Korea, home to the world’s two largest memory chipmakers, said on Tuesday it will cut administrative red tape and ease the restrictive s...
Jul 19, 2022 (Gmt+09:00)
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Upcoming IPOs
KB Asset aims for first IPO of Korea's homegrown infrastructure fund
South Korea’s KB Asset Management Co. is set to list its Balhae Infrastructure Fund (Balhae) on the country’s main bourse Kospi in the s...
Jul 18, 2022 (Gmt+09:00)
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Tech, Media & Telecom
S.Korea’s 5G, cryptography likely to be adopted as global standards
South Korea’s five technologies on 5G mobile networks, cloud computing and cryptography have been preliminarily chosen as global standards, a ...
Jul 18, 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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Corporate investment
Korea to raise cash support on foreign investments in key sectors
South Korea plans to spend more cash on attracting foreign investments in high-tech and core supply chain industries as foreign direct investment to...
Jul 18, 2022 (Gmt+09:00)
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Future mobility
SK Telecom to take lead in UAM biz with telco know-how
BUSAN -- South Korea’s top mobile carrier SK Telecom Co. aims to dominate the urban air mobility market based on its expertise and know-how in...
Jul 17, 2022 (Gmt+09:00)
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Private equity
Affirma’s bolt-on M&A strategy shines in S.Korea
Affirma Capital is a small player in South Korea’s private equity market, but its successful bolt-on strategy helps the mid-cap-focused invest...
Jul 15, 2022 (Gmt+09:00)
Latest News
- 1 Yanolja's Nasdaq IPO plan hit by Qoo10's liquidity turmoil
- 2 Hanwha’s Kim Dong-seon to raise his stake in Galleria to 19.86%
- 3 Liner ranks 9th in generative AI services selected by a16z
- 4 Korea’s Tmax Group buys back software developer for $612 mn
- 5 Lotte Fine Chemical, JEFA to collaborate on clean ammonia value chain