top 3
Scope
Date
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Mergers & Acquisitions
S.Korea kicks off privatization of top container line HMM
South Korea has started the process to privatize the country’s No. 1 container line HMM Co. by tapping advisors for the sale of the controllin...
Mar 03, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung’s DRAM market share rises amid industrywide revenue drop
Samsung Electronics Co., the world’s largest memory chipmaker, saw its DRAM market share rise in the fourth quarter of last year despite a sig...
Mar 03, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Korea's KSOE wins order for 3 LNG carriers at $770 mn
Korea Shipbuilding & Offshore Engineering, a shipbuilding holding company of HD Hyundai Group, has secured a contract for liquefied natural gas ...
Mar 03, 2023 (Gmt+09:00)
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Automobiles
S.Korea ranks fifth in global auto output for third straight year
South Korea’s auto production last year ranked fifth worldwide for the third year in a row.A report on world automotive output from the Korea ...
Mar 03, 2023 (Gmt+09:00)
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ESG
S.Korea’s HMM tops carbon efficiency ranking on key shipping route
South Korea’s largest container line HMM Co. said on Thursday it had the lowest carbon emission intensity on East Asia–US West Coast rou...
Mar 02, 2023 (Gmt+09:00)
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Korean startups
Carmerce raises $2.3 mn in Series A led by Hankook Tire
South Korea's used car e-commerce platform Carmerce has raised 3 billion won ($2.3 million) in a Series A funding round led by Hankook Tire & ...
Mar 02, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
KSOE wins order for 4 petrochem product carriers
Korea Shipbuilding & Offshore Engineering (KSOE), HD Hyundai Co.'s intermediate shipbuilding subsidiary, announced on Tuesday that it had signed...
Mar 02, 2023 (Gmt+09:00)
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Pension funds
Inflation casts shadow over S.Korea NPS' hedging strategies
South Korea’s National Pension Service (NPS), with 920.4 trillion won ($694.6 billion) in assets as of November 2022, faces growing concerns o...
Feb 28, 2023 (Gmt+09:00)
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IPOs
Battery material maker EcoPro Materials eyes $2.3 billion IPO
EcoPro Materials Co., a unit of South Korea’s battery materials group EcoPro Group, is looking to list its shares on the country’s main ...
Feb 28, 2023 (Gmt+09:00)
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Korean startups
FADU joins ranks of unicorns as S.Korea’s first fabless chip firm
FADU Technology has become South Korea’s first fabless semiconductor unicorn after successfully raising funds from share sales before its init...
Feb 28, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Kakao vows to thwart HYBE scheme for SM control
Kakao Corp., South Korea’s dominant mobile platform, said on Monday it would mobilize all possible countermeasures against HYBE Co. ’s a...
Feb 27, 2023 (Gmt+09:00)
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Automobiles
Four Hyundai, Kia models win US IIHS top safety awards
Hyundai Motor Group’s four models earned the safest vehicle awards even with a tougher crash test by the Insurance Institute for Highway Safet...
Feb 26, 2023 (Gmt+09:00)
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Mergers & Acquisitions
EQT Partners to acquire S.Korea’s SK Shieldus for $2.3 bn
EQT Partners AB, the world’s third-largest private equity firm, is poised to buy a controlling stake in South Korean security service provider...
Feb 26, 2023 (Gmt+09:00)
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Insurance
DB Insurance acquires Vietnam's 10th largest insurer VNI
DB Insurance has acquired Vietnam National Aviation Insurance (VNI), Vietnam's 10th-largest property and casualty(P&C) insurance company. With a...
Feb 24, 2023 (Gmt+09:00)
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Central bank
BOK holds rates as it lowers growth, inflation forecasts
South Korea’s central bank held its policy interest rate unchanged on Thursday as it slashed forecasts for economic growth and inflation altho...
Feb 23, 2023 (Gmt+09:00)
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Economy
AmCham pledges to make S.Korea Asia's top biz hub
The American Chamber of Commerce (AmCham) in South Korea on Thursday said it seeks to make the nation Asia's top business hub on the 70th anniversar...
Feb 23, 2023 (Gmt+09:00)
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Shareholder value
Hyundai takes lead in Korea’s dividend policy reform
The Hyundai Motor Group is set to become South Korea’s first conglomerate to disclose dividend allocations ahead of the ex-dividend date, a mo...
Feb 22, 2023 (Gmt+09:00)
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Automobiles
Hankook Tire's Ventus S1 evo3 tops braking performance in Germany
Hankook Tire & Technology's high-performance tire, the Ventus S1 Evo3, claims the top spot in the braking distance category of the 2023 Summer T...
Feb 22, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Samsung maintains No.1 position in global TV market
South Korea’s Samsung Electronics Co. maintained its No. 1 position in the global TV market in 2022, accounting for nearly 30% of TV sales, ac...
Feb 22, 2023 (Gmt+09:00)
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Steel
POSCO decides to build electric furnace at Gwangyang Works
South Korea’s leading steelmaker POSCO on Tuesday said it will begin its transition to a low-carbon production system by building an electric ...
Feb 21, 2023 (Gmt+09:00)
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Korean startups
Patty-cooking robotics startup Aniai completes seed funding
Aniai Inc., a foodservice robotics developer founded by a South Korean, said on Feb. 21 it has attracted $3 million via a seed funding round to boos...
Feb 21, 2023 (Gmt+09:00)
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Automobiles
Lexus, Volvo: Koreans' top picks among foreign brands in after-sales service
Lexus, the premium brand of Japanese carmaker Toyota Corp., offers the best after-sales service among imported cars in South Korea, followed by Swed...
Feb 20, 2023 (Gmt+09:00)
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Electronics
LG Elec wins best eco-friendly washing machine title in US
Consumer Reports, a prominent consumer magazine in the US, has named LG Electronics Inc.'s washing machines as the "best eco-friendly washing machin...
Feb 20, 2023 (Gmt+09:00)
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Tech, Media & Telecom
LG Uplus to invest $77.3 million annually against data theft
South Korea’s third-largest mobile carrier LG Uplus Corp. will spend 100 billion won ($77.3 million) a year to enhance data security about a m...
Feb 17, 2023 (Gmt+09:00)
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AgTech
Korea's Daedong to speed up growth with smart farming machines
Daedong Corp., South Korea’s top agricultural machinery manufacturer, aims to accelerate growth based on new businesses such as smart machines...
Feb 16, 2023 (Gmt+09:00)
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Aerospace & Defense
S.Korea to lure global talent with high pay for space agency
South Korea is set to attract global talent with high salaries for a planned government space agency as the country aims to boost long-term growth i...
Feb 16, 2023 (Gmt+09:00)
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Automobiles
Hyundai Mobis ramps up patent development for future mobility tech
Hyundai Mobis, a South Korean auto parts maker and a key affiliate of Hyundai Motor Group, said on Thursday that it filed more than 3,000 patents la...
Feb 16, 2023 (Gmt+09:00)
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Korean stock market
Samsung C&T to cancel $2.3 bn worth of treasury shares, stocks up
Samsung C&T Corp.’s share price zoomed on Thursday on news that the company will cancel its entire treasury stock holdings worth about 2.9...
Feb 16, 2023 (Gmt+09:00)
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Behind the Scenes
Law firm's paper on SM: Trigger of SM Ent.'s management feud
On Jan. 19, SM Entertainment Co. founder and former Chief Producer Lee Soo-man received a 17-page document written by South Korea’s largest la...
Feb 15, 2023 (Gmt+09:00)
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Food & Beverage
Korea's Dongsuh to rival Nestle in local capsule coffee market
South Korea’s No.1 instant coffee maker Dongsuh Foods Corp. is set to rival global food and beverage giant Nestle in the local capsule coffee ...
Feb 14, 2023 (Gmt+09:00)