state-run
Scope
Date
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Korean startups
Hanwha’s Flexell Space to supply satellite solar cell to Terran Orbital
Flexell Space, an in-house space solar cell-developing startup under South Korea’s Hanwha Systems Co., will supply its tandem flexible batteri...
Jun 28, 2024 (Gmt+09:00)
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Pension funds
Korea's NPS CIO talks with GPIF, GIC execs on asset allocation
South Korea’s National Pension Service (NPS) Chief Investment Officer Seo Won-joo has visited Japan and Singapore on his first overseas busine...
Jun 24, 2024 (Gmt+09:00)
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Automobiles
GS Global launches BYD's T4K electric refrigerator truck
South Korea's general trading company GS Global Corp. announced on Monday that it will launch BYD Company Ltd.'s 1-ton electric truck, the T4K Refri...
Jun 24, 2024 (Gmt+09:00)
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Corporate restructuring
SK asks KDB for further funding before drastic restructuring
SK Group, South Korea’s second-largest business group in terms of total assets, has asked the country’s state-run Korea Development Bank...
Jun 20, 2024 (Gmt+09:00)
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Energy
Taihan Cable wins $94 mn power grid project in US
South Korea's Taihan Cable & Solution Co. announced on Tuesday that it has consecutively won three power grid projects in the US. The total cont...
Jun 18, 2024 (Gmt+09:00)
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Energy
Doosan Enerbility to expand power generation biz in Kazakhstan
South Korea's Doosan Enerbility Co. announced on Thursday that it signed a cooperation agreement and memorandum of understanding (MOU) with Kazakh s...
Jun 13, 2024 (Gmt+09:00)
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Energy
KEPCO, EVN to promote new power business in Vietnam
Korea Electric Power Corp. (KEPCO), the South Korean state-run utility company, and Vietnam Electricity (EVN) have agreed to collaborate on new busi...
Jun 12, 2024 (Gmt+09:00)
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Economy
S.Korea’s current account swings to deficit on higher dividend payouts
South Korea logged a current account deficit in April, ending a streak of surpluses for the past 11 months, on seasonal factors such as increased di...
Jun 11, 2024 (Gmt+09:00)
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Steel
South Korean steelmakers run plants only at night as demand plummets
South Korea’s major steelmakers are running their plants only at night to cut costs as demand for rebars, or reinforced bars, widely used in t...
Jun 05, 2024 (Gmt+09:00)
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IPOs
Celebrity-run food chain operator TheBorn Korea files for IPO review
TheBorn Korea Inc., a leading South Korean food and beverage group operated by TV celebrity and chef Paik Jong-won, has filed for a preliminary revi...
May 30, 2024 (Gmt+09:00)
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Business & Politics
S.Korea, UAE sign economic partnership, reaffirm $30 bn investment
South Korea and the United Arab Emirates on Wednesday signed a comprehensive economic partnership agreement (CEPA) to facilitate bilateral trade aft...
May 29, 2024 (Gmt+09:00)
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Korean stock market
SK Hynix: More room for share price rise after bull run
SK Hynix Inc.'s market value broke through the roof to top 150 trillion won ($110 billion) on Monday, becoming the second stock in South Korea to re...
May 27, 2024 (Gmt+09:00)
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Business & Politics
KCCI to support Korean companies expanding into US
The Korea Chamber of Commerce and Industry (KCCI) partnered with the Korean American Chamber of Commerce of Los Angeles (KACCLA) to address th...
May 16, 2024 (Gmt+09:00)
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Business & Politics
South Korea Plans $7 Billion Push to Pivot EV Battery Industry Away From China
South Korea is dedicating around $7 billion to help wean its electric-vehicle battery supply chain away from China and align more with U.S. trade gu...
May 10, 2024 (Gmt+09:00)
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Korean chipmakers
SK Hynix to sell 50% stake in Wuxi foundry unit to Chinese firm
SK Hynix Inc. will sell nearly a half stake in its foundry unit in China to a Chinese state-run enterprise for $349.3 million in a bid to expand its...
May 09, 2024 (Gmt+09:00)
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Business & Politics
SoftBank to buy part of Naver's Line stake by July: CEO Miyakawa
TOKYO – SoftBank Corp., which runs LY Corp., the operator of the popular mobile messenger app Line in Japan, said on Thursday it is in talks w...
May 09, 2024 (Gmt+09:00)
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Energy
Qcells launches commercial operations at new plant in Georgia, US
Hanwha Q Cells Co., a solar power unit of South Korea’s chemicals-to-defense conglomerate Hanwha Group known as Qcells in overseas markets, ha...
May 07, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
HD KSOE wins $286mn order for four MGCs
South Korea’s top shipbuilder HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) announced on Thursday that it signed a contract w...
May 03, 2024 (Gmt+09:00)
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Electric vehicles
Hyundai to produce hybrid cars at EV-only plant in US state of Georgia
Hyundai Motor Co., South Korea’s top automaker, plans to manufacture hybrid models at its electric vehicle and battery plant in the US state o...
Apr 25, 2024 (Gmt+09:00)
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Economy
As many as one in 10 residents in South Korea likely to be foreign by 2042
The number of foreign residents in South Korea is expected to rise steadily in the coming years to account for up to 10.1% of the country’s to...
Apr 11, 2024 (Gmt+09:00)
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Electric vehicles
Hyundai-Kia’s India-only EVs to run on Exide batteries
Hyundai Motor Co. and Kia Corp. will use lithium-ion phosphate (LFP) batteries that will be mass-produced by Indian battery maker Exide Energy Solut...
Apr 08, 2024 (Gmt+09:00)
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Mergers & Acquisitions
KDB halts KDB Life sale process to take full control
The state-run Korea Development Bank (KDB) has suspended the protracted sale process of KDB Life Insurance Co. to take full control of the insurer b...
Mar 27, 2024 (Gmt+09:00)
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Batteries
Solus Advanced Materials poised to lead EV copper foil market: CEO
Solus Advanced Materials Co. is not a household name among ordinary electric vehicle drivers. But the South Korean company is a little giant to gl...
Mar 26, 2024 (Gmt+09:00)
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Automobiles
STX to supply car CKD to Bangladeshi company
STX Corp., a South Korean general trading company, announced on Monday that it signed a memorandum of understanding (MOU) to supply the complete kno...
Mar 25, 2024 (Gmt+09:00)
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Energy
KOWEPO, France EDF to collaborate for UAE solar projects
Korea Western Power Co. (KOWEPO) announced on Friday that it has signed a United Arab Emirates (UAE) Khazna 1.5 GW Solar Project Bid Joint Developme...
Mar 22, 2024 (Gmt+09:00)
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Airlines
Korea’s Incheon Airport Corp. signs $3 billion deal to run Manila airport
South Korea's state-run Incheon International Airport Corp. (IIAC) has signed a $3 billion deal to operate Manila's Ninoy Aquino International Airpo...
Mar 19, 2024 (Gmt+09:00)
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Airlines
Korean Air breaks ground on Asia’s largest aircraft engine MRO cluster
Korean Air Lines Co., South Korea’s No. 1 full-service carrier, said on Thursday it has begun construction of a $439 million aircraft engine m...
Mar 14, 2024 (Gmt+09:00)
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Central bank
South Korea, odd one out in new global gold rush
South Korea has remained muted to a new gold rush fueled by various central banks across the world gobbling up the precious metal, raising concerns ...
Mar 13, 2024 (Gmt+09:00)
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Energy
Hyundai E&C expands foreign alliances in pursuit of UK SMR project
Hyundai Engineering & Construction Co. (Hyundai E&C) has welcomed two British companies to its joint bid with US energy technology company H...
Mar 06, 2024 (Gmt+09:00)
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Batteries
Korean EV battery makers to unveil tech for industry recharge
South Korea’s three major electric vehicle battery makers are gearing up to invigorate the global green car market with new technologies they ...
Mar 04, 2024 (Gmt+09:00)