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Scope
Date
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Batteries
S.Korea’s imports of LFP cathode reverses to growth after 8 years
South Korea's imports of cathode materials used to make lithium ferrophosphate (LFP) batteries in the first five months of this year rose for the fi...
Jul 11, 2023 (Gmt+09:00)
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Chemical Industry
S.Korea’s SKC seeks to sell fine ceramic business for $307 mn
SKC Ltd., a South Korean chemicals maker, is seeking to sell its fine ceramic business for an estimated 400 billion won ($307 million) as the unit o...
Jul 10, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung, SK Hynix in next-generation HBM chip supremacy war
Samsung Electronics Co. and SK Hynix Inc. – the world’s two largest memory chipmakers – have fiercely competed to advance their ch...
Jul 10, 2023 (Gmt+09:00)
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Korean startups
Ad-tech unicorn Moloco’s endeavor to unlock potential continues
SILICON VALLEY – Moloco Inc., a Silicon Valley-based ad-tech solution startup valued at more than $2 billion, is dreaming big to become a vers...
Jul 10, 2023 (Gmt+09:00)
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Bio & Pharma
Novartis $391 mn deal powers Samsung Biologics backlogs to record high
Samsung Biologics Co., the world’s top contract manufacturing organization by capacity, inked a $391 million contract from Novartis, nearly fi...
Jul 10, 2023 (Gmt+09:00)
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Corporate strategy
CJ CheilJedang simplifies organizational structure in global push
CJ CheilJedang Corp., the South Korean food giant with more than 200 operations worldwide, has streamlined its organizational structure to facilitat...
Jul 10, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor chairman visits Intel, seeking stable supply of chips
Hyundai Motor Group Chairman Chung Euisun toured Intel Corp.’s Leixlip Campus in County Kildare, Ireland last week to check out the latest tec...
Jul 10, 2023 (Gmt+09:00)
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Bio & Pharma
HK inno.N releases new drug for GERD in Indonesia
South Korean bio-health company HK inno.N Corporation's new drug for gastroesophageal reflux disease (GERD) K-CAB has been officially launched in In...
Jul 10, 2023 (Gmt+09:00)
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Korean games
S.Korean game companies to launch new offensive in China
Major South Korean game companies such as Nexon, Netmarble Corp. and Smilegate from this month will roll out new titles on the Chinese market. ...
Jul 10, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor breaks out of 3-year slump in China
South Korea’s Hyundai Motor Co. has broken out of its slump in China, with its Chinese joint venture posting its first sales growth in four ye...
Jul 09, 2023 (Gmt+09:00)
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Venture capital
Korean startups feel bite of funding drought in H1
The drought in venture capital funding worsened in South Korea in the first half of this year, taking an especially heavy toll on platform and b...
Jul 07, 2023 (Gmt+09:00)
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Mergers & Acquisitions
SKC acquires 45% stake in chip test firm ISC for $400 million
SKC Ltd., a South Korean chemical materials company, said on Friday it has acquired a 45% stake in semiconductor test equipment maker ISC Co., for 5...
Jul 07, 2023 (Gmt+09:00)
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Fashion
Dior to open Tears capsule collection pop-up store in Seoul
Dior will open a pop-up store in Seoul's Seongsu-dong to commemorate the launch of the "Dior Tears capsule collection."This collection was created t...
Jul 07, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
HD KSOE secures $319 mn contract for three VLGC
HD Korea Shipbuilding & Offshore Engineering (HD KSOE), the intermediate shipbuilding holding company of HD Hyundai Co., announced on Friday tha...
Jul 07, 2023 (Gmt+09:00)
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Electronics
Samsung unveils global campaign video of Galaxy Z
Samsung Electronics Co. has announced the release of a new global campaign video ahead of the unveiling of the new foldable phone series on July 26....
Jul 07, 2023 (Gmt+09:00)
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Robotics
SK Shieldus to verify performance of self-driving patrol robot
South Korean security company SK Shieldus will demonstrate the performance of a self-driving patrol robot.The company on Thursday said it received r...
Jul 07, 2023 (Gmt+09:00)
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Hydrogen economy
POSCO Int'l to build 1.26 mn tons of green hydrogen infrastructure by 2035
South Korea's largest trading company POSCO International revealed on Friday its strategy to establish a green hydrogen supply infrastructure with...
Jul 07, 2023 (Gmt+09:00)
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Economy
Korea logs current account surplus in May on brisk sales of goods
South Korea’s current account swung to the black in May from a deficit the prior month, thanks to a surplus in the goods account for the secon...
Jul 07, 2023 (Gmt+09:00)
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Steel
POSCO gears up for big stride as green materials firm with Hyper NO
South Korea’s steel pioneer POSCO under POSCO Holdings Inc. is preparing to take another big stride as an eco-friendly materials provider with...
Jul 06, 2023 (Gmt+09:00)
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Economy
Samsung Electronics creates $216 bn social wealth in 2022
Samsung Electronics Co. created 281.4 trillion won ($216 billion) worth of social wealth in 2022, meaning it distributed that amount of wealth to ot...
Jul 06, 2023 (Gmt+09:00)
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Banking & Finance
KB Financial pursues glocalization in Southeast Asia
KB Financial Group Chairman and Chief Executive Yoon Jong-kyoo brought up “glocalization” as a key strategy for its global expansion at ...
Jul 06, 2023 (Gmt+09:00)
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Debt financing
Hyundai-LG’s Indonesia battery financing chosen as Asia deal of 2022
The $711 million financing organized by Hyundai Motor Co. and LG Energy Solution Ltd. last year for their battery joint venture in Indonesia has bee...
Jul 06, 2023 (Gmt+09:00)
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Regulations
SGC Group slapped with over $7.7 mn fine for unfair internal trade
The Fair Trade Commission (FTC) has imposed a fine of more than 10 billion won ($7.7 million) on SGC Group companies for unfair internal transaction...
Jul 06, 2023 (Gmt+09:00)
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Automobiles
Kumho Tire signs official sponsorship deal with AC Milan
South Korea's Kumho Tire Co. has signed a sponsorship agreement as the official tire partner with the prestigious Italian football club AC Milan.Kum...
Jul 06, 2023 (Gmt+09:00)
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Content platforms
S.Korea’s contents export size surpasses home appliances, textiles
South Korea's contents export size recorded $13.3 billion last year, surpassing the export values of home appliances ($8 billion) and textile produc...
Jul 06, 2023 (Gmt+09:00)
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Aerospace & Defense
Hyundai Wia completes flying drone interception test
Hyundai Wia Corp., an auto parts and defense unit of Hyundai Motor Group, announced on Thursday that the first shooting trial of its anti-drone syst...
Jul 06, 2023 (Gmt+09:00)
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Retail
S.Korea's E-mart24 opens 3rd branch in Singapore
South Korea’s convenience store chain E-mart24 has opened its third store in Singapore featuring the city-state's hawker culture, aiming for l...
Jul 06, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Samsung Heavy Industries succeeds autonomous vessel navigation
South Korean shipbuilder Samsung Heavy Industries said on Thursday it had successfully demonstrated autonomous vessel navigation from South Korea to...
Jul 06, 2023 (Gmt+09:00)
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Batteries
Deal reached on LG-Stellantis battery plant subsidy; construction resumes
All construction work at a battery joint venture in Canada between South Korea’s LG Energy Solution Ltd. and multinational automaker Stellanti...
Jul 06, 2023 (Gmt+09:00)
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Bio & Pharma
SCM Lifescience kicks off anti-hair loss product exports to SE Asia
South Korea’s stem cell tech company SCM Lifescience on Wednesday said it has started full-scale exports to Southeast Asia of its hair loss ca...
Jul 06, 2023 (Gmt+09:00)
Latest News
- 1 Korea’s reshoring companies pale amid lack of support, incentives, tax breaks
- 2 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 3 AI startup MarqVision raises $16.5 mn to close Series A
- 4 Taihan Cable wins $630 mn power grid project in Singapore
- 5 Korean startup scene is gloomy, say 2 out of 5 startup CEOs