partner companies
Scope
Date
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Economy
S.Korea, Chile to jointly develop key EV battery materials
South Korea has joined hands with Chile in a move to cope with the US’ Inflation Reduction Act, as well as strengthen the two countries' ties ...
Oct 12, 2022 (Gmt+09:00)
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Corporate governance
K-pop giant SM up against Align Partner's shareholder activism
South Korea’s Align Partners Capital Management is intensifying its shareholder activism against K-pop music label giant SM Entertainment Co.,...
Oct 04, 2022 (Gmt+09:00)
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Aerospace & Defense
LIG Nex1 to invest $77 million to expand weapons production facility
LIG Nex1 Co., a leading South Korean defense company, said on Thursday it will spend 110 billion won ($77 million) on its production facility expans...
Sep 29, 2022 (Gmt+09:00)
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Banking & Finance
Korea Investment & Securities and Stifel Financial form joint venture
Korea Investment & Securities Co., a subsidiary of Korea Investment Holdings, announced on Wednesday that it has formed a joint venture with Mis...
Sep 28, 2022 (Gmt+09:00)
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Machinery
Hyundai Rotem rolls out Korea’s fastest bullet train
Hyundai Rotem Co., a South Korean railway system maker under Hyundai Motor Group, has rolled out the country’s fastest bullet train that can r...
Sep 27, 2022 (Gmt+09:00)
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Korean chipmakers
Chip foundry DB HiTek pulls the plug on fabless division spinoff plan
DB HiTek Co. has pulled the plug on the possible spinoff of its fabless division, named the brand business department. The decision comes on the bac...
Sep 27, 2022 (Gmt+09:00)
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Corporate strategy
Weaker won offers no leg up for Korean exporters
The steeper-than-expected decline in the won’s value is posing a grave threat to South Korean companies already struggling with rising inflati...
Sep 23, 2022 (Gmt+09:00)
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Construction
Bosung attracts $2 bn investment from TGK for Korea's largest data center
South Korea’s Bosung Group has attracted $2 billion from TGK Inc., a US infrastructure company, for its planned construction of Korea’s ...
Sep 23, 2022 (Gmt+09:00)
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Robotics
LG Elec., Uplus team up to expand service robot business
South Korea’s home appliance giant LG Electronics Inc. and mobile carrier LG Uplus Corp. will join forces to expand their service robot busine...
Sep 22, 2022 (Gmt+09:00)
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Content platforms
Lotte Home Shopping showcases Bellygom at Manhattan’s Pier 17
NEW YORK – Lotte Home Shopping Inc. displayed Bellygom at Manhattan’s Pier 17 on Wednesday, on the sidelines of the Korea Brand Expo in ...
Sep 22, 2022 (Gmt+09:00)
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Carbon neutrality
S.Korea’s SK Gas expands LNG, hydrogen biz for future
ULSAN -- SK Gas Ltd., South Korea’s leading liquefied petroleum gas (LPG) supplier, is expanding its liquefied natural gas (LNG) and hydrogen ...
Sep 22, 2022 (Gmt+09:00)
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Batteries
Battery maker SK On sweetens $1.4 bn fundraising deal
SK On Co., the world’s fifth-largest rechargeable battery maker, has sweetened its deal to attract 2 trillion won ($1.4 billion) in new share ...
Sep 21, 2022 (Gmt+09:00)
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IPOs
Internet lender K Bank gets green light for IPO
South Korea’s first internet-only lender K Bank on Tuesday received preliminary approval from the Korea Exchange to go public on the country&r...
Sep 20, 2022 (Gmt+09:00)
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Energy
Only 3 Korean energy companies make it on 2022 Fortune Global 500 list
SK Inc., KEPCO Co. and GS Caltex Corp. are the only South Korean firms among the 77 energy companies listed on the 2022 Fortune Global 500, based on...
Sep 20, 2022 (Gmt+09:00)
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Energy
LG Elec., GS EPS join forces to produce, use solar power in Korea
LG Electronic Inc. is set to produce solar energy to support 10% of the annual electricity consumption at its Changwon plant in South Korea.The firm...
Sep 19, 2022 (Gmt+09:00)
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Venture capital
Growing Korean corporate VCs provide silver lining to startups
South Korean companies are rushing to set up their own venture capital units, so-called corporate venture capital firms, to seek new growth engines ...
Sep 18, 2022 (Gmt+09:00)
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IPOs
Korea battery, chip companies fail to reboot IPO market
South Korea’s battery and semiconductor companies, stock investors’ favorites, failed to revive the local initial public offering market...
Sep 18, 2022 (Gmt+09:00)
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Economy
Korea vows favorable taxation for US, foreign firms
South Korea's National Tax Service (NTS) and the American Chamber of Commerce in Korea (AMCHAM) held a meeting on Sept. 16 to discuss favorable ta...
Sep 16, 2022 (Gmt+09:00)
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Foreign exchange
Tumbling Korean won increases corporate debt burden
The South Korean won extended its losses to hit its weakest level since the 2008-09 global financial crisis on Wednesday, pressured by higher-than-e...
Sep 14, 2022 (Gmt+09:00)
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Economy
Foreign-owned companies in Korea send hefty profits back home
South Korean firms wholly owned by foreign companies sent more than 1.1 trillion won ($800 million) back home for the fiscal year of 2021 in aggrega...
Sep 13, 2022 (Gmt+09:00)
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Automobiles
Hankook Tire’s focus on foreign factories sets it apart from rivals
South Korea’s leading tire maker Hankook Tire & Technology Co. has one business strategy that sets it apart from its local rivals: Build m...
Sep 08, 2022 (Gmt+09:00)
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Regulations
Broadcom not to force S.Korean tech companies on deals
US chipmaker Broadcom Inc. has pledged to cease putting undue pressure on Samsung Electronics Co. and other South Korean tech companies to sign deal...
Sep 08, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Hyundai Motor, KT in $540 million share swap deal for future mobility
South Korea’s Hyundai Motor Group and telecom giant KT Corp. have agreed to expand their future mobility partnership through a 750 billion won...
Sep 07, 2022 (Gmt+09:00)
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Bio & Pharma
Precision Biosensor enters Italy with chemical test kits
South Korea’s diagnostic devices supplier Precision Biosensor Inc. has signed an export contract with Italian medical device company Borden Ch...
Sep 01, 2022 (Gmt+09:00)
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Webtoons
Naver Webtoon to pursue profitability with more paying subscribers
South Korea’s Naver Webtoon Corp. is seeking to increase the number of its paying subscribers as the company is shifting its business paradigm...
Aug 30, 2022 (Gmt+09:00)
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Electric vehicles
LG Energy, Honda to form JV for EV battery production in the US
LG Energy Solution Ltd. announced on Monday that it reached an agreement with Honda Motor Co. to establish a joint venture company to produce lithiu...
Aug 29, 2022 (Gmt+09:00)
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Shareholder activism
Hanjin Group management rights feud resolved with aid of LX Group
LX Pantos, an LX Group affiliate, has acquired a 3.86% stake in Hanjin KAL Corp., the holding company of Hanjin Group.The LX Group is considered a k...
Aug 29, 2022 (Gmt+09:00)
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Electronics
LG Electronics to operate two lounges for OLED R monitor at Frieze Seoul
South Korean electronics giant LG Electronics Inc. will operate two lounges at the world-renowned Frieze Art Fair’s inaugural event in Seoul.&...
Aug 28, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Korean teens prefer TikTok over KakaoTalk, says survey
South Korean teens appear to prefer to do their social networking on TikTok over KakaoTalk, as short-form videos surge in popularity worldwide. ...
Aug 26, 2022 (Gmt+09:00)
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Arts
Corporate sponsors focus on luxury at Seoul's first Frieze Art Fair
With just three days before the world-renowned Frieze Art Fair launches its inaugural event in Seoul, corporate sponsors are duking it out to outs...
Aug 26, 2022 (Gmt+09:00)
Latest News
- 1 Hyundai, Kia’s H1 vehicle sales in Singapore double, aided by HMGICS
- 2 Korea’s reshoring companies pale amid lack of support, incentives, tax breaks
- 3 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 4 AI startup MarqVision raises $16.5 mn to close Series A
- 5 Taihan Cable wins $630 mn power grid project in Singapore