two-way multi-console
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ESG
SK Chemicals' copolyester lines certified on carbon reduction
South Korea’s SK Chemicals Co. said on Wednesday it has earned sustainability certifications for its nine copolyester product lines from UL So...
Nov 23, 2022 (Gmt+09:00)
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AgTech
Food giant Nongshim exports two container units of smart farm to Oman
Nongshim Co., a South Korean food and instant noodle manufacturer, announced on Wednesday that it is slated to export a smart farm system to Oman, a...
Nov 23, 2022 (Gmt+09:00)
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Electronics
Samsung, LG make over two-thirds of premium TVs sold worldwide
More than three in five premium TVs sold worldwide are made by either Samsung Electronics Co. or LG Electronics Inc. – a decent feat that help...
Nov 22, 2022 (Gmt+09:00)
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Electronics
Samsung, LG products sweep CES 2023 innovation awards
South Korea’s two largest home appliance makers – Samsung Electronics Co. and LG Electronics Inc. – have swept a record number of ...
Nov 17, 2022 (Gmt+09:00)
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Pension funds
NPS narrows search for new CIO to two major candidates
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund managing 917.2 trillion won ($692 billion) in asset...
Nov 16, 2022 (Gmt+09:00)
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Future mobility
Hyundai Motor, Indonesia to jointly enter ASEAN air mobility market
South Korea’s top automaker Hyundai Motor Group and Indonesia’s Nusantara Capital City Authority have agreed to jointly enter the Southe...
Nov 14, 2022 (Gmt+09:00)
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Retail
Korea's Lotte Mart and Lotte Super combine product sourcing
South Korea's Lotte Mart and Lotte Super will break away from the formats of hyper- and supermarkets and jointly raise the competitiveness of grocer...
Nov 10, 2022 (Gmt+09:00)
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Automobiles
Hyundai, Kia post record hybrid vehicle sales in US in October
Hyundai Motor Co. and Kia Corp., which are gradually increasing their presence in the US market, saw their hybrid vehicle sales reach an all-time hi...
Nov 02, 2022 (Gmt+09:00)
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ASK 2022
Korea Post's insurance arm uses buyout, senior debt as core strategies
Korea Post’s insurance bureau will maintain its core-satellite strategy in private equity and debt investments for both stable revenue streams...
Oct 27, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Carlyle, KKR again compete for Korean dental scanner maker
US private equity giants The Carlyle Group and Kohlberg Kravis Roberts & Co. (KKR) are again competing to acquire the world’s third-larges...
Oct 19, 2022 (Gmt+09:00)
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Batteries
LG Energy, POSCO join forces for EV battery business
LG Energy Solution Ltd. and POSCO Holdings Inc. have joined hands to enhance their competitiveness in the global electric vehicle battery sector and...
Oct 11, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
Korean shipbuilders regain top post, to profit from higher ship prices
South Korea’s three major shipbuilders have regained the world’s No. 1 title in terms of ship orders and are expected to swing to profit...
Oct 09, 2022 (Gmt+09:00)
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Batteries
LG Energy to launch battery swapping services
LG Energy Solution Ltd., a South Korean rechargeable battery maker, has launched two in-house ventures to enter the battery swapping and energy aggr...
Oct 05, 2022 (Gmt+09:00)
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Alternative investments
Samsung insurers commit $650 mn to Blackstone's alternative assets
South Korea’s Samsung Life Insurance Co. and Samsung Fire & Marine Insurance Co. have committed to a $650 million injection in some altern...
Sep 28, 2022 (Gmt+09:00)
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Markets
Kospi hits two-year low; regulators mull short-selling ban
South Korea's stock market tumbled to its lowest level in more than two years on Wednesday, as fears of a slowing global economy and rising inflatio...
Sep 28, 2022 (Gmt+09:00)
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Robotics
LG Elec., Uplus team up to expand service robot business
South Korea’s home appliance giant LG Electronics Inc. and mobile carrier LG Uplus Corp. will join forces to expand their service robot busine...
Sep 22, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Court clears way for Hahn & Co.'s Namyang Dairy deal
Seoul-based private equity firm Hahn & Co. has won a legal battle against South Korea’s Namyang Dairy Products Co.’s owner family, w...
Sep 22, 2022 (Gmt+09:00)
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Future mobility
Kakao Mobility, Hyundai to launch pilot robotaxi service by year-end
Kakao Mobility Corp., which runs South Korea’s most popular taxi-hailing app, and top Korean automaker Hyundai Motor Co. have agreed to launch...
Sep 19, 2022 (Gmt+09:00)
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Korean stock market
Samsung family’s shareholdings shrink by $8 bn in one year
Samsung Group’s four heirs to the late Chairman Lee Kun-hee have seen their group company shareholdings shrink by a combined 11 trillion won (...
Sep 13, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Hyundai Motor, KT in $540 million share swap deal for future mobility
South Korea’s Hyundai Motor Group and telecom giant KT Corp. have agreed to expand their future mobility partnership through a 750 billion won...
Sep 07, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
Daewoo, Samsung bag $2.3 bn LNG ship order
Daewoo Shipbuilding & Marine Engineering Co. and Samsung Heavy Industries Co. secured LNG ship orders worth a combined 3.2 trillion won ($2.3 bi...
Sep 06, 2022 (Gmt+09:00)
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Blockchain
About 1,000 attend Upbit Developer Conference preliminary events
South Korea’s unicorn startup Dunamu Inc. hosted two preliminary events for the Upbit Developer Conference (UDC) scheduled for later this mont...
Sep 05, 2022 (Gmt+09:00)
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Electronics
Samsung, LG eye niche sectors to boost tablet sales
South Korea’s electronics companies are launching tablet PCs with niche targets as the global tablet market has shrunk for four consecutive qu...
Sep 05, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Private equity firms buys shipbuilder Daehan for $150 mn
A South Korean private equity consortium has acquired Daehan Shipbuilding Co., a small-size oil tanker manufacturer, for around 200 billion won ($15...
Sep 01, 2022 (Gmt+09:00)
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Electric vehicles
LG Energy, Honda to form JV for EV battery production in the US
LG Energy Solution Ltd. announced on Monday that it reached an agreement with Honda Motor Co. to establish a joint venture company to produce lithiu...
Aug 29, 2022 (Gmt+09:00)
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Electronics
LG Electronics to operate two lounges for OLED R monitor at Frieze Seoul
South Korean electronics giant LG Electronics Inc. will operate two lounges at the world-renowned Frieze Art Fair’s inaugural event in Seoul.&...
Aug 28, 2022 (Gmt+09:00)
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Fiber & Textile
Hyosung showcases world’s first bio spandex at Seoul textile exhibition
Hyosung TNC Corp., a South Korean textile and yarn maker, is showcasing the world’s first commercialized plant-based spandex at an internation...
Aug 24, 2022 (Gmt+09:00)
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Private equity
SK taps Korean PE for $1.5 bn after Carlyle's Lee quit
SK On Co. has turned to domestic private equity firms to raise up to 2 trillion won ($1.5 billion) after talks with four big global funds have dried...
Aug 19, 2022 (Gmt+09:00)
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Electric vehicles
SK, SK Energy acquire US energy solution provider Atom Power
SK Inc. and SK Energy announced they have jointly acquired North Carolina-based energy solution enterprise Atom Power Inc. for $150 million.The thre...
Aug 18, 2022 (Gmt+09:00)
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Petrochemicals
LG Chem, ADM to build two bioplastics plants in Illinois
LG Chem Ltd., South Korea’s largest chemicals maker, said on Tuesday it has signed an agreement with Archer Daniels Midland Co. (ADM), a globa...
Aug 16, 2022 (Gmt+09:00)