samsung hyundai lg sk fortune 500
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Automobiles
Hyundai’s ex-design chief Donckerwolke named chief creative officer
Hyundai Motor Co. has appointed former design chief Luc Donckerwolke as the automaking group’s chief creative officer, a new post created as par...
Nov 02, 2020 (Gmt+09:00)
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Shipping & Shipbuilding
Hyundai Heavy affiliate wins $375 mn order for 2 LNG carriers
Korea Shipbuilding & Offshore Engineering Co., a shipbuilding arm of Hyundai Heavy Industries Group, has won a 425 billion won ($375 million) orde...
Nov 02, 2020 (Gmt+09:00)
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Korean chipmakers
Samsung to supply mobile chips to Xiaomi, Oppo; to rank 3rd in AP market
Samsung Electronics Co. is expected to supply its Exynos mobile processor chips to China’s two leading handset makers, Xiaomi and Oppo, next yea...
Nov 02, 2020 (Gmt+09:00)
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ESG
SK Hynix and other affiliates to become 100% powered by renewable energy
South Korea's SK Holdings Co., along with seven of its affiliates have submitted applications to join RE100, a global coalition of multinational compa...
Nov 02, 2020 (Gmt+09:00)
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Automobiles
Hyundai’s five-year journey to build a luxury car brand
At Hyundai Motor Co.'s brand launch event held on Nov. 4, 2015, someone made an unexpected appearance on the stage, surprising the crowd. It was curre...
Nov 01, 2020 (Gmt+09:00)
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Bio
Samsung aims to be No. 1 bio contract development, research firm
Samsung Biologics Co. has become the world’s No. 1 contract manufacturing organization (CMO) this year and aims to also lead both the contract d...
Oct 30, 2020 (Gmt+09:00)
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Earnings
LG Electronics posts record-high Q3 sales, operating profit
LG Electronics Inc.’s quarterly operating profit and sales surged thanks to solid growth in its television and home appliance segments and small...
Oct 30, 2020 (Gmt+09:00)
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Construction order
Samsung Engineering wins biggest-ever $3.6 bn deal; shares surge
Samsung Engineering Co., a construction arm of Samsung Group, has clinched a 4.1 trillion won ($3.6 billion) deal to build part of a refinery facility...
Oct 30, 2020 (Gmt+09:00)
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Battery spin-off
LG Chem shareholders approve plan to split off battery business
LG Chem Ltd. shareholders have approved the South Korean chemical maker’s plan to hive off its battery business, paving the way for the standalo...
Oct 30, 2020 (Gmt+09:00)
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NAND business
SK Hynix’s $9 bn Intel NAND deal ‘not overvalued’: CEO
SK Hynix Inc.’s $9 billion deal to acquire Intel Corp.’s NAND memory chip business is not overvalued as the price tag reflects the US firm...
Oct 30, 2020 (Gmt+09:00)
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Corporate governance
SK Holdings' board underpins new standard in Korea
On Jul. 21, SK Holdings Co.'s board of directors rejected management's request to simplify the reporting procedure for investment proposals. Among the...
Oct 29, 2020 (Gmt+09:00)
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Artificial intelligence
Samsung, CJ collaborate on artificial human projects
Samsung Electronics Co. announced on Oct. 29 that it has entered into an agreement with CJ Olive Networks Co. to collaborate on Neon, an artificial hu...
Oct 29, 2020 (Gmt+09:00)
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Subordinated bond issues
Kookmin Bank sells $500 mn in subordinated bonds to fund ESG projects
South Korea’s Kookmin Bank has issued $500 million in subordinated bonds as part of its efforts to expand loans for environmental, social and go...
Oct 29, 2020 (Gmt+09:00)
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Earnings
Samsung Elec posts record-high quarterly sales, warns of Q4 profit decline
Samsung Electronics Co.’s third-quarter operating profit rose to its highest level in two years on firm demand in smartphones and memory chips, ...
Oct 29, 2020 (Gmt+09:00)
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Shareholder value
LG Chem’s No. 2 shareholder NPS opposes battery spin-off
South Korea’s National Pension Service (NPS) has decided to vote against LG Chem Ltd.’s plan to split off its battery business at a shareh...
Oct 28, 2020 (Gmt+09:00)
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Samsung Group
Why Samsung has the highest-paid CEOs
This is the second in a four-part series that will delve into Chairman Lee Kun-hee’s New Management initiative that charted Samsung's course in ...
Oct 27, 2020 (Gmt+09:00)
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Supply permit
Samsung Display, Asia's first to win Huawei supply permit
Samsung Display Co., a leading South Korean display panel maker, has received a permit from the US to supply certain panels to Huawei Technologies Co....
Oct 27, 2020 (Gmt+09:00)
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Brokerage firms at odds on Hyundai Glovis outlook
Brokerage firms are showing sharp divide in the share price outlook of Hyundai Glovis Co., a logistics unit of the Hyundai Automotive Group. The optim...
Oct 26, 2020 (Gmt+09:00)
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Licensing agreements
LG to provide ice-making tech for Electrolux's French door refrigerators
South Korea's tech giant LG Electronics Inc. announced on Oct. 26 that it has entered into a patent-licensing agreement with Sweden-based Electrolux t...
Oct 26, 2020 (Gmt+09:00)
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Quarterly earnings
Hyundai Motor reports Q3 loss on $2 bn provisioning
Hyundai Motor Co. turned to an operating loss in the third quarter, after it booked 2.1 trillion won ($1.9 billion) as one-off charges related to its ...
Oct 26, 2020 (Gmt+09:00)
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Post Lee Kun-hee
Samsung shares jump on looming ownership reform
Shares in Samsung C&T Corp., in which Samsung Group’s owner family hold a 33.4% stake, leapt by as much as 21% in heavy trading on Oct. 26, ...
Oct 26, 2020 (Gmt+09:00)
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Post Lee Kun-hee
Samsung heirs’ $9 bn tax bill may lead to share sale, weak control
The three children and the wife of Samsung Group Chairman Lee Kun-hee, who died on Oct. 25 at the age of 78, is expected to face inheritance taxes of ...
Oct 25, 2020 (Gmt+09:00)
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Obituary
Samsung chairman, who led tech giant’s leapfrog to global brand, dies, aged 78
Lee Kun-hee, chairman of the world’s top smartphone and TV manufacturer Samsung Group, passed away on Oct. 25 at the age of 78, the South Kore...
Oct 25, 2020 (Gmt+09:00)
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Robot chefs
Hyundai Robotics, KFC team up to make chicken-frying robot chefs
Hyundai Robotics Co. and global fried chicken franchise KFC have agreed to jointly develop automated chicken-frying robots as the South Korean industr...
Oct 23, 2020 (Gmt+09:00)
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Pre-IPOs
KKR mulls investment in Hyundai Heavy's maintenance arm
South Korea's leading shipbuilder Hyundai Heavy Industries Holdings Co. is in talks with global private equity firm KKR to secure investments as part ...
Oct 23, 2020 (Gmt+09:00)
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Display earnings
LG Display swings to Q3 profit, ending six-quarter string of losses
LG Display Co., a major South Korean display panel maker, has swung to a quarterly profit for the first time in seven quarters on growing demand amid ...
Oct 22, 2020 (Gmt+09:00)
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Cylindrical batteries
LG Chem gears up to supply new batteries to Tesla; shares surge
Shares of LG Chem Ltd. surged on Oct. 22 as investors snapped up the electric vehicle battery maker on Tesla Inc.’s record quarterly earnings, a...
Oct 22, 2020 (Gmt+09:00)
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Business expansion
Samsung heir Jay Y. Lee visits plants in Vietnam
Samsung Electronics Co. Vice Chairman Jay Y. Lee, currently in Vietnam, has toured its smartphone, TV and other electronics plants there, as the compa...
Oct 22, 2020 (Gmt+09:00)
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Doosan Infracore
GS E&C challenges Hyundai Heavy in Doosan deal
GS Engineering & Construction Co. (GS E&C) has joined the bidding for a stake in Doosan Infracore Co. after the bid submission deadline, a mov...
Oct 22, 2020 (Gmt+09:00)
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Partnerships
LG Display and Disney partner to offer new viewing experiences
South Korea’s LG Display Co. and US-based StudioLAB have entered a three-year partnership that will combine the local display maker's innovative...
Oct 22, 2020 (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