state-run postal and logistics service
Scope
Date
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Electric vehicles
Korea targets Tesla, imported EVs with new subsidy policy
South Korea is planning to set up a new subsidy policy for electric vehicle purchases, which will be commensurate to the EV makers’ after-sale...
Aug 24, 2022 (Gmt+09:00)
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Corporate investment
Korea Inc. cuts factory runs, capex on record inventory
Samsung Electronics Co. and other major South Korean companies have reduced their plant operations and capital expenditures as weakening demand amid...
Aug 18, 2022 (Gmt+09:00)
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Robotics
LG, KT join forces to launch next-generation service robots
South Korea’s leading telecommunications company KT Corp. has partnered with LG Electronics Inc. to develop and launch next-generation custome...
Aug 17, 2022 (Gmt+09:00)
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Earnings
Nongshim posts first operating loss from Korean sales in 24 years
South Korea’s top noodle maker Nongshim Co. has posted a quarterly operating loss from its domestic business – its first loss in 24 year...
Aug 17, 2022 (Gmt+09:00)
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Future mobility
Korean e-scooter platforms diversify to survive
South Korean shared electric scooter platforms are taking over their smaller rivals or entering new markets as beefed-up safety guidelines on two-wh...
Aug 16, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
Korean shipbuilder KSOE wins $1.5 bn order for 7 LNG carriers
Korea Shipbuilding & Offshore Engineering Co. (KSOE), the intermediate holding company of the world’s top shipbuilder Hyundai Heavy Indust...
Aug 10, 2022 (Gmt+09:00)
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Asset management
Specialty finance emerging on resiliency, diversification: M&G Investments
As global investors are seeking ways to protect their investment returns in an inflationary, rising rate environment, some asset managers are eyeing...
Aug 09, 2022 (Gmt+09:00)
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Real estate
Korea's Vestas launches second $231 mn European warehouse fund
South Korea’s Vestas Investment Management Co. has created a 300 billion won ($231.2 million) blind pool fund for Europe-based logistics cente...
Aug 05, 2022 (Gmt+09:00)
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Earnings
Kakao to bolster open chat, ad services for growth
South Korea’s leading online platform operator Kakao Corp. on Thursday unveiled plans to bolster its open chat and advertising businesses to a...
Aug 05, 2022 (Gmt+09:00)
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Asset management
Specialty finance emerging on resiliency, diversification: M&G Investments
As global investors are seeking ways to protect their investment returns in an inflationary, rising rate environment, some asset managers are eyeing...
Aug 05, 2022 (Gmt+09:00)
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Research & Development
Sejong Univ. unveils upgraded biosensor-related technology
South Korea’s Sejong University has developed a technology to sharply reduce the detection time of biomolecules produced by cells and living o...
Aug 04, 2022 (Gmt+09:00)
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Korean games
DeFi platform Neopin unveils plan for Web 3.0, NFT, multichain services
Blockchain firm Neopin announced its strategy to strengthen its foothold in the global DeFi Market on Thursday with four keywords: Web 3.0, multicha...
Aug 04, 2022 (Gmt+09:00)
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Blockchain
SK Telecom launches NFT marketplace open beta service
South Korea’s top mobile carrier SK Telecom Co. launched an open beta service of its non-fungible tokens (NFTs) marketplace TopPort as the com...
Aug 04, 2022 (Gmt+09:00)
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Korean startups
Popular app operators in South Korea race to create super apps
App operators in South Korea are in stiff competition to create super apps – as clear winners have emerged in different business sectors.The d...
Aug 03, 2022 (Gmt+09:00)
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K-pop
Seoul leans toward alternative military service for BTS
South Korea is leaning toward allowing the K-pop boy band BTS to fulfill alternative service instead of active military duty, the country’s mi...
Aug 02, 2022 (Gmt+09:00)
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Mergers & Acquisitions
LX Pantos mulls Air Premia acquisition to facilitate global logistics service
LX Pantos Co., the logistics unit of South Korea’s LX Group, is looking to acquire a controlling stake in local budget carrier Air Premia Co.,...
Aug 01, 2022 (Gmt+09:00)
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Future mobility
Hyundai Motor to buy Korean self-driving startup 42dot
South Korea’s top carmaker Hyundai Motor Group is set to purchase autonomous driving startup 42dot, intensifying the automaker’s competi...
Jul 29, 2022 (Gmt+09:00)
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Cloud computing
KT ups ante with $1.5 billion spending on public sector cloud service
KT Cloud Corp., a unit of South Korea’s telecom giant KT Corp., plans to spend up to 2 trillion won ($1.5 billion) over the next three years t...
Jul 29, 2022 (Gmt+09:00)
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Steel
POSCO, Krakatau to expand Indonesia steel mill for $3.5 bn
South Korea’s POSCO Group and Indonesia’s state-run Krakatau Steel plan to jointly invest $3.5 billion in building a blast furnace and a...
Jul 28, 2022 (Gmt+09:00)
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Airlines
Korean Air, its white knight Naver close ranks in digital partnership
South Korea’s national flag carrier Korean Air Lines Co. and online platform giant Naver Corp. are expanding their business cooperation in dig...
Jul 22, 2022 (Gmt+09:00)
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Cloud computing
SK, Naver to launch cloud services for Korean public institutions
South Korea’s leading cloud computing and software services providers are slated to join forces to launch a service for smart working in Korea...
Jul 21, 2022 (Gmt+09:00)
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Korean chipmakers
Samsung develops next-generation data storage device
Samsung Electronics Co. on Thursday unveiled an upgraded data storage device that significantly reduces the computer processing time and energy cons...
Jul 21, 2022 (Gmt+09:00)
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Retail
Chanel’s first VIP boutique to open in Asia – will it be in Seoul?
A couple of months ago, media outlets reported Chanel plans to open stores solely for VIP shopping in Asia.The French label is widely expected to op...
Jul 19, 2022 (Gmt+09:00)
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Robotics
LG stands out among conglomerates in race to strengthen robotics arms
South Korean conglomerates are rushing to nurture their robotics businesses, encouraged by surging demand for robots in the service industry.LG Elec...
Jul 15, 2022 (Gmt+09:00)
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K-pop
Disney+ to run two BTS shows in HYBE's 1st global content collaboration
HYBE Co., the K-pop label best known for BTS, signed an agreement with Walt Disney Company in its first collaboration with an international content ...
Jul 13, 2022 (Gmt+09:00)
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Batteries
Hyundai Mobis plans battery remanufacturing business
Hyundai Mobis Co., a car parts maker within South Korea’s top automaker Hyundai Motor Group, is set to launch an electric vehicle battery rema...
Jul 08, 2022 (Gmt+09:00)
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Korean chipmakers
Samsung Elec's Q2 earnings signal end of upward run
Samsung Electronics Co. on Thursday estimated that its second-quarter operating profit and sales edged down from three months before, reversing its ...
Jul 07, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Naver’s web browser Whale challenges global rivals
South Korea’s homegrown web browser Whale, developed by Naver Corp., is quietly increasing its presence in the domestic market, where Google C...
Jul 05, 2022 (Gmt+09:00)
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Tech, Media & Telecom
KT beefs up services for foreigners as travel bans ease
South Korea’s leading telecom operator KT Corp. will offer a broader range of services for foreign subscribers ahead of an expected surge in f...
Jul 03, 2022 (Gmt+09:00)
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Tech, Media & Telecom
KT, Swift Navigation team up for ultra-precision location service
KT Corp., a major South Korean telecommunications company, has partnered with Swift Navigation Co., a San Francisco-based technology firm, to commer...
Jun 30, 2022 (Gmt+09:00)
language
Latest News
- 1 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 2 AI startup MarqVision raises $16.5 mn to close Series A
- 3 Taihan Cable wins $630 mn power grid project in Singapore
- 4 Korean startup scene is gloomy, say 2 out of 5 startup CEOs
- 5 MBK ups stakes for Korea Zinc to match buyback offer