platform companies
Scope
Date
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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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Content platforms
KT spurs content creation with hot Netflix drama Attorney Woo
On the heels of South Korea's successful Netflix drama "Squid Game" comes drama series “Extraordinary Attorney Woo." It has topped the streami...
Jul 25, 2022 (Gmt+09:00)
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Korean startups
Five startups join the ranks of unicorns in the first half of this year
Five South Korean startups joined the ranks of unicorns in the first half of 2022, the largest such figure for six months. With that, the total...
Jul 22, 2022 (Gmt+09:00)
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Earnings
Kia posts record-high double-digit profit margin in second quarter
Kia Corp., South Korea’s largest automaker, said on Friday it posted its first-ever double-digit operating profit margin in the second quarter...
Jul 22, 2022 (Gmt+09:00)
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Earnings
Hyundai Motor sees surprise Q3 after record quarterly sales, profit
South Korea’s top automaker Hyundai Motor Co. on Thursday posted its highest-ever quarterly sales and operating profit, driven by pricey sport...
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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Retail
Naver's Kream buys stake in Malaysian resale platform
Kream, the resale platform of South Korea’s online portal Naver Corp., has agreed to buy a stake in Malaysia’s biggest sneaker resale co...
Jul 19, 2022 (Gmt+09:00)
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Hydrogen economy
SK E&S to invest $25 mn in turquoise hydrogen firm Monolith
SK E&S Co., the natural gas business unit of South Korea’s SK Group, said on Monday it is set to invest $25 million in US turquoise hydrog...
Jul 18, 2022 (Gmt+09:00)
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ESG
Korean exporters anxious ahead of EU's supply chain law
The majority of South Korea’s small and medium-sized exporters are concerned about a possible cancellation of orders or difficulty in winning ...
Jul 18, 2022 (Gmt+09:00)
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IPOs
Korea’s battery recycling company SebitChem seeks IPO
SebitChem Co., South Korea’s secondary battery recycling company, is seeking an initial public offering, taking advantage of investors’ ...
Jul 15, 2022 (Gmt+09:00)
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Fiber & Textile
The North Face supplier Youngone to bet on global outdoor startups
South Korea’s Youngone Holdings Co. is set to accelerate its new business by establishing a corporate venture capital (CVC) firm in Singapor...
Jul 14, 2022 (Gmt+09:00)
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Korean games
Korean gaming entrepreneur Kim Jae-young joins billionaire ranks
Kim Jae-young, founder and chief executive of Lionheart Studio Corp., the company behind South Korea’s most popular mobile game Odin, has join...
Jul 14, 2022 (Gmt+09:00)
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Corporate investment
LG Innotek dwarfs Korean rivals with hefty investment plan
LG Innotek Co., a major supplier of camera modules for Apple iPhones, is the only South Korean company to announce a billion-dollar facility investm...
Jul 13, 2022 (Gmt+09:00)
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Mergers & Acquisitions
CJ’s TVing, KT’s Seezn set for merger to challenge OTT leader Netflix
South Korean entertainment powerhouse CJ ENM Co.'s over-the-top streaming platform TVing is set to merge with its local rival Seezn, run by tel...
Jul 13, 2022 (Gmt+09:00)
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Tech, Media & Telecom
LG to accelerate foray into WebOS TV platform market
South Korea’s LG Electronics Inc., the world’s second-largest TV manufacturer, is aiming for a tenfold increase in the number of TV vend...
Jul 11, 2022 (Gmt+09:00)
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Carbon neutrality
Hyundai Mobis to power all plants with 100% renewable energy by 2040
Automobile companies’ carbon-neutral activities often result in developing and producing eco-friendly vehicles such as electric vehicles and h...
Jul 11, 2022 (Gmt+09:00)
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Mergers & Acquisitions
SD Biosensor seeks more M&As, to build diagnostic kit plant in US
SD Biosensor Inc., the world's largest COVID-19 test kit seller, is seeking additional merger and acquisition targets in the US following its recent...
Jul 10, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Naver executives’ treasury share sale may signal business slowdown
Executives at South Korea’s platform giant Naver Corp. are selling their shares in the company, an indication that the company’s busines...
Jul 08, 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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Tech, Media & Telecom
South Korea’s merch-producing platforms target influencers
Digital content creators in South Korea – YouTube partners, Tiktok creators and webtoon writers – are no longer relying solely on subscr...
Jul 07, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
Hyundai Heavy’s KSOE wins $2.2 billion order for 10 LNG carriers
Korea Shipbuilding & Offshore Engineering Co. (KSOE), the intermediate holding company of the world’s top shipbuilder Hyundai Heavy Indust...
Jul 07, 2022 (Gmt+09:00)
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Corporate bonds
Korean companies' net issuance of bonds in H1 hits six-year low
South Korea’s net issuance of corporate bonds during the first half of 2022 was its lowest in six years, according to Korea Financial Investme...
Jul 07, 2022 (Gmt+09:00)
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Construction
Hyundai E&C, Samsung Eng. partner with Saudi Aramco
South Korea’s Hyundai Engineering & Construction (Hyundai E&C) Co. and Samsung Engineering Co. were selected as official partners of N...
Jul 06, 2022 (Gmt+09:00)
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ESG
Korean firms with high ESG scores show great P/E ratios
South Korean corporates’ price-earnings ratios are affected by their environmental, social and governance (ESG) management, experts said at an...
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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Carbon neutrality
Top S.Korean firms face carbon neutrality dilemma
South Korea’s top 30 companies emitted their largest-ever amount of carbon dioxide last year, contrary to their goal of reducing greenhouse ga...
Jul 04, 2022 (Gmt+09:00)
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E-commerce
SSG.COM joins race for top spot in luxury online shopping in Korea
SSG.COM, the e-commerce brand of South Korean retail giant Shinsegae Inc., launched its online luxury goods marketplace SSG Luxury on July 3. Focusi...
Jul 04, 2022 (Gmt+09:00)
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Metaverse
SK Telecom gears up for global launch of metaverse platform
South Korea’s top mobile carrier SK Telecom Co. took steps to launch its metaverse platform in other countries as it aims to seek a future gro...
Jul 01, 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)
language
Latest News
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- 4 Uniqlo expands in Korea as No-Japanese boycott wanes
- 5 Seoul rejects Elliott’s $20 mn claim against Samsung C&T