woori bank global desk
Scope
Date
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Electronics
Samsung’s connectivity vs. LG’s sustainability at IFA 2023
BERLIN – South Korea’s household names in home electronics are set to show off their high-tech home electronics boasting upgraded connec...
Aug 31, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Webcash launches WeBill 365 in Cambodia
South Korea's Webcash Co. has launched its specialized billing solution "WeBill 365" in Cambodia."WeBill 365 maximizes convenience and efficiency fo...
Aug 30, 2023 (Gmt+09:00)
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Construction
Hyundai E&C ranks 11th on global construction market
South Korea’s Hyundai Engineering & Construction on Tuesday said it ranks 11th in the world in overseas sales in the annual rankings of ...
Aug 30, 2023 (Gmt+09:00)
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Korean games
Smilegate to launch video communication service
The face on a video call screen changes into a game character, making the conversation fun. This is the main function of P.Pool, a video communicati...
Aug 29, 2023 (Gmt+09:00)
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Banking & Finance
Korean banks' earnings hit hard by unpaid debts, rate hikes
South Korea’s major banks expect their earnings in the second half to fall on the soaring distressed debts of households and companies due to ...
Aug 28, 2023 (Gmt+09:00)
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Asset management
DGB Fin to set up asset management firm in Singapore
South Korea’s DGB Financial Group is poised to set up an asset management unit in Singapore, its first overseas fund management arm, according...
Aug 28, 2023 (Gmt+09:00)
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K-pop
Virtual bands, emerging stars to fuel global K-pop craze
Virtual bands have emerged as new stars to accelerate the K-pop craze across the world. An artificial girl quartet attracted more than 25 million vi...
Aug 25, 2023 (Gmt+09:00)
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Electric vehicles
Kia unveils design of EV5, its first China-made global electric car
Kia Corp., South Korea’s second-largest automaker, on Friday unveiled the design of the EV5, its first China-made all-electric vehicle that th...
Aug 25, 2023 (Gmt+09:00)
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Central bank
BOK chief’s top mission: Soft landing for household debt
South Korea’s central bank chief on Thursday vowed to reduce household debt without causing a severe economic downturn as the Bank of Korea he...
Aug 24, 2023 (Gmt+09:00)
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Artificial intelligence
Naver eyes global market with new LLM HyperCLOVA X
Naver Corp., the South Korean online platform giant, has finally debuted its upgraded large language model (LLM) HyperCLOVA X, its new pillar busine...
Aug 24, 2023 (Gmt+09:00)
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Banking & Finance
Indonesia, Vietnam boost Korean banks’ overseas profits
South Korea’s top four banks posted sharp earnings growth in overseas operations in the first half of this year, buoyed by solid profits in In...
Aug 24, 2023 (Gmt+09:00)
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Electronics
LG aims to capture 50% of global luxury car display market by 2026
LG Display Co., the world’s leading manufacturer of large-size organic light-emitting diode (OLED) panels, said on Wednesday it aims to more t...
Aug 23, 2023 (Gmt+09:00)
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Regulations
More Korean FSS retirees find jobs in legal, financial biz
More retirees of the Financial Supervisory Service (FSS) are snagging new jobs at private companies such as the banks they regulated during their te...
Aug 23, 2023 (Gmt+09:00)
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Food & Beverage
CJ's Bibigo launches new global campaign
South Korean food giant CJ CheilJedang Corp.'s flagship brand Bibigo is engaging with consumers worldwide through a new campaign. The company announ...
Aug 23, 2023 (Gmt+09:00)
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Investment banking
Mirae Asset Securities exceeds $3 bn in overseas equity
Mirae Asset Securities Co. said on Tuesday it owns more than 4 trillion won ($3 billion) of equity capital in overseas operations as of June 30 of t...
Aug 22, 2023 (Gmt+09:00)
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Bio & Pharma
Hanmi Pharm to start global clinical trials for immune-oncology drug
South Korea's Hanmi Pharmaceutical Co. announced on Tuesday that it has received approval for the phase 1 clinical trial plan of the immune-oncology...
Aug 22, 2023 (Gmt+09:00)
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Central bank
BOK head says Korea inflation to dip below mid-2% in H2 2024
South Korea’s central bank chief expected consumer inflation to fall below the mid-2% level in the second half of 2024, adding to predictions ...
Aug 22, 2023 (Gmt+09:00)
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Banking & Finance
KB, Shinhan, Woori improve rankings on Top 1,000 bank list
South Korea’s KB Financial Group, Shinhan Financial Group and Woori Financial Group improved their rankings on the list of the global top 1,00...
Aug 22, 2023 (Gmt+09:00)
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Batteries
Young Poong, Lotte Global Logistics to form battery recycling supply chain
South Korea’s non-ferrous metal company Young Poong Co. has teamed up with Lotte Global Logistics Co. to form a supply chain system for recycl...
Aug 22, 2023 (Gmt+09:00)
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Electronics
Samsung, LG Electronics top 2 global TV makers in H1
Samsung Electronics Co. and LG Electronics Inc., two South Korean tech giants, respectively achieved the No. 1 and No. 2 spots in the global TV set ...
Aug 21, 2023 (Gmt+09:00)
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Logistics
LX Pantos, POSCO Flow to cooperate in global logistics
South Korea’s LX Pantos Logistics and POSCO Flow, formerly POSCO Terminal, will strengthen their cooperation in logistics for secondary batter...
Aug 21, 2023 (Gmt+09:00)
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Insurance
Hanwha Life sees cumulative profit in 15 years in Vietnam
Hanwha Life Insurance Co.’s Vietnamese subsidiary has reported a cumulative profit in 15 years, marking the first South Korean insurers’...
Aug 20, 2023 (Gmt+09:00)
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Blockchain
SK Telecom expands its Web3 ecosystem
South Korea's SK Telecom Co. has joined hands with Polygon Labs, a New York-based global blockchain company, to expand its Web3 ecosystem.Both compa...
Aug 18, 2023 (Gmt+09:00)
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Bio & Pharma
Celltrion to merge with global sales affiliate by end-2023
South Korean pharmaceutical giant Celltrion Group has begun procedures to merge biopharmaceuticals developer and producer Celltrion Inc. with global...
Aug 17, 2023 (Gmt+09:00)
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ESG
HMM wins top ESG rating among global shipping companies
South Korea’s No. 1 container transportation and shipping service HMM Co. has secured the premier position in global shipping for its environm...
Aug 17, 2023 (Gmt+09:00)
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Artificial intelligence
SK Telecom to host global AI hackathon in Seoul with OpenAI
South Korea's SK Telecom Co. will hold next month an artificial intelligence contest with OpenAI, the American information and communications techno...
Aug 17, 2023 (Gmt+09:00)
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K-pop
BTS’ Jungkook tops Billboard’s global charts for 4th consecutive week
BTS’ Jungkook’s solo debut single “Seven” topped the US Billboard Global 200 and Global Excl. US charts for four consecutive...
Aug 17, 2023 (Gmt+09:00)
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Banking & Finance
Citibank Korea’s H1 net profit more than doubles on-year
Global banking giants’ South Korean units saw their first-half earnings led by non-interest income and business expenditures. Citibank Korea&r...
Aug 16, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Mirae Asset Global Investments buys Australian robo-advisor firm
South Korea's Mirae Asset Global Investments announced its acquisition of Stockspot, a prominent Australian robo-advisor specialist.In a statement r...
Aug 16, 2023 (Gmt+09:00)
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Bio & Pharma
Korean C&R Research to set up US, Thai units for global biz
C&R Research Inc., South Korea’s top contract research organization (CRO), plans to establish units in the US and Thailand this year while...
Aug 14, 2023 (Gmt+09:00)