price of a new container vessel
Scope
Date
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Automobiles
Hankook Tire cuts more jobs as it struggles to recover from fire
South Korea’s largest tire maker Hankook Tire & Technology Co. plans to cut more jobs through a voluntary retirement scheme as the company...
Sep 20, 2023 (Gmt+09:00)
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Leadership & Management
KEPCO's new CEO heralds electricity rate hikes, drastic reforms
South Korea’s near-monopoly power company Korea Electric Power Corp. (KEPCO) is expected to raise electricity rates and lessen its outsized re...
Sep 20, 2023 (Gmt+09:00)
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Automobiles
KG Mobility unveils Torres EVX, electric version of its popular SUV
KG Mobility Corp., formerly Ssangyong Motor Co., on Wednesday unveiled its much-anticipated electric vehicle (EV), the Torres EVX. The Torres model,...
Sep 20, 2023 (Gmt+09:00)
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Retail
Korea’s Lotte Shopping aims to double profit, seek new biz
Lotte Shopping Co., South Korea’s retail giant, aims to double its profit in three years by expanding its Southeast Asian operations and cemen...
Sep 19, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Dongwon founder vows to acquire Korea’s top container line HMM
Dongwon Group, South Korea’s leading seafood and logistics conglomerate, has vowed to acquire HMM Co., the country’s top container ship ...
Sep 19, 2023 (Gmt+09:00)
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Artificial intelligence
SK Hynix tests new AI hardware on Meta’s generative AI model
SK Hynix Inc., the world’s second-largest memory chipmaker after Samsung Electronics Co., has unveiled a new memory chip-based device that boo...
Sep 18, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
HD Hyundai holds christening of methanol-powered ship
South Korea’s HD Hyundai Co. announced on Monday that it held a christening ceremony on Thursday at the Port of Copenhagen in Denmark for the ...
Sep 18, 2023 (Gmt+09:00)
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Korean games
Netmarble eyes surplus in H2 with success of new games
South Korean game developer Netmarble Corp. is eyeing profits in the second half as its latest games gain in popularity, after posting deficits for ...
Sep 18, 2023 (Gmt+09:00)
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Automobiles
Hyundai promotes Busan’s bid for 2030 Expo in New York with art cars
Hyundai Motor Group supports Busan’s bid to host the 2030 World Expo with IONIQ 5, IONIQ 6, and Genesis G80 covered with graffiti reading &l...
Sep 18, 2023 (Gmt+09:00)
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Bio & Pharma
Daewoong to develop eye drops for diabetic retinopathy
South Korea's Daewoong Pharmaceutical is venturing into the development of a product that can easily treat diabetic retinopathy in the form of ...
Sep 15, 2023 (Gmt+09:00)
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Batteries
Battery cell prices plummet amid supply glut in China, weak EV demand
The competition among automakers to cut prices of electric vehicles is expected to intensify with battery cell prices falling at a fast pace due to ...
Sep 15, 2023 (Gmt+09:00)
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Automobiles
POSCO Int'l to supply EV motor cores to Hyundai Motor Group
South Korea's POSCO International Corp. on Thursday said it signed a deal to supply 3.5 million traction motor cores for electric vehicles (EV) to H...
Sep 15, 2023 (Gmt+09:00)
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Electronics
Want to buy an iPhone 15 in South Korea? Pay more
During the unveiling of the much-anticipated iPhone 15 series on Tuesday, Apple Inc. said its newest product line is in same price range as its prev...
Sep 13, 2023 (Gmt+09:00)
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Logistics
Hyundai Glovis to participate in N.America's largest bulk cargo exhibition
Hyundai Glovis Co., the logistics unit of South Korea's Hyundai Motor Group, announced on Wednesday that it will be a participant in Breakbulk Ameri...
Sep 13, 2023 (Gmt+09:00)
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Food & Beverage
Paris Baguette to open nine new North American stores in Sept.
Paris Baguette, the bakery franchise owned by South Korea's SPC Group, said on Wednesday that it plans to open nine new stores in North America this...
Sep 13, 2023 (Gmt+09:00)
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Tech, Media & Telecom
New Mercedes E-Class, world’s first to use LG’s SPM display
LG Display Co., the world’s leading organic light-emitting diode (OLED) panel maker seeking to cement its market leadership, is supplying its ...
Sep 12, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung hikes memory chip prices on depleting client inventories
There are signs of a memory chip market recovery, particularly in the mobile DRAM chip segment, although demand for personal computer chips remains ...
Sep 12, 2023 (Gmt+09:00)
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Bio & Pharma
Wellmarker Bio signs worth of $528 mn tech transfer deal
Wellmarker Bio, South Korea's oncology drug development company, announced on Monday that it has signed a technology transfer agreement with a Europ...
Sep 12, 2023 (Gmt+09:00)
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KOREA Investment Week 2023
Celltrion builds clinical data bank for new biosimilars
The use of data and computing is a new paradigm in the biopharmaceutical industry, reducing the new drug development time and cost, Celltrion Inc. C...
Sep 12, 2023 (Gmt+09:00)
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Retail
Korean retailers boost Mongolia presence with new stores, products
South Korean retail giants are advancing into Mongolia where Korean food and daily necessities are gaining in popularity among local consumers. Big-...
Sep 12, 2023 (Gmt+09:00)
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Electric vehicles
Hyundai NEXO retains fuel cell EV leadership; Toyota Mirai follows fast
South Korea’s top automaker Hyundai Motor Co. retained its leadership in the hydrogen fuel cell electric vehicle (FCEV) market in the January-...
Sep 11, 2023 (Gmt+09:00)
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Food & Beverage
KT&G to build new factory in Indonesia
South Korea's KT&G Corp. has received a commitment of active investment support from the Indonesian government for building a local new factory....
Sep 11, 2023 (Gmt+09:00)
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Electronics
LG Electronics rolls out 118-inch micro LED TV at US trade show
LG Electronics Inc. has launched a second massive micro LED TV for those wanting a premium cinema experience at home.The company on Monday said it u...
Sep 11, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Avikus to launch system for self-driving leisure boats
Avikus, the autonomous navigation solutions affiliate of South Korean conglomerate HD Hyundai Co., will launch New Boat Dock, a self-driving system ...
Sep 11, 2023 (Gmt+09:00)
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Electric vehicles
High price, quality issues slow Kia EV9 sales in Korea
Kia Corp., South Korea’s No. 2 automaker, is struggling to sell its flagship large all-electric sport utility vehicle EV9 at home as high pric...
Sep 07, 2023 (Gmt+09:00)
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Korean startups
LG seeks outside innovators' ideas on new growth drivers at Superstart Day
LG Group, South Korea’s fourth-largest business group, is actively embracing collaboration with outside innovators to foster its new growth dr...
Sep 07, 2023 (Gmt+09:00)
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Tech, Media & Telecom
SK C&C, Yonsei Univ. to develop digital manufacturing experts
South Korea's digital solutions provider SK C&C will open a master’s degree program at Yonsei University in Seoul to develop experts in di...
Sep 07, 2023 (Gmt+09:00)
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Bio & Pharma
Yungjin Pharm's new drug candidate gets Fast Track from FDA
South Korea's Yungjin Pharm has secured Fast Track designation from the US Food and Drug Administration (FDA) for its new drug candidate KL1333, des...
Sep 06, 2023 (Gmt+09:00)
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Tech, Media & Telecom
SK Broadband launches hybrid quantum security service
South Korean internet service provider SK Broadband on Tuesday said it launched the country’s first dedicated line service that supports the o...
Sep 06, 2023 (Gmt+09:00)
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Airlines
S.Korea's airline industry waging fierce price war in fall
South Korea's airline sector is meeting high travel demand during the extended Chuseok (Thanksgiving) holidays late this month by aggressively offer...
Sep 05, 2023 (Gmt+09:00)