$100 billion
Scope
Date
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K-pop
BTS' Jimin tops US Billboard singles chart with 1st solo release
Jimin of K-pop sensation BTS is the first South Korean solo act to hit No. 1 on Billboard's main singles chart Hot 100.The American music and entert...
Apr 04, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Naver to aid in Saudi’s digital transformation, green light for Neom deal
South Korea’s online business giant Naver Corp. said on Thursday it has signed an initial agreement with the Saudi Arabian government to assis...
Mar 30, 2023 (Gmt+09:00)
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Batteries
LG Energy to build $5.6 billion battery complex in Arizona
LG Energy Solution Ltd., the world’s second-largest battery maker, said on Friday it is investing 7.2 trillion won ($5.6 billion) to build a b...
Mar 24, 2023 (Gmt+09:00)
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Korean chipmakers
DB HiTek mulls $780 mn capex in foundry after fabless demerger
South Korea’s chip foundry company DB HiTek Co. is mulling about 1 trillion won ($780 million) in capital expenditures to enhance its foundry ...
Mar 23, 2023 (Gmt+09:00)
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Chemical Industry
Kolon Industries to make 100% plant-based eco-friendly plastic
Kolon Industries Inc.'s Future Technology Institute announced on Wednesday that it has partnered with Stora Enso Oyj, a global biomaterials leader f...
Mar 22, 2023 (Gmt+09:00)
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Pre-IPOs
SK Pharmteco again seeks $382 mn in pre-IPO funding
SK Pharmteco Co., a contract development and manufacturing organization (CDMO), is eyeing pre-initial public offering funding again after it dropped...
Mar 21, 2023 (Gmt+09:00)
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Retail
Lotte Mart unveils integrated private brand Good Today
South Korea's hypermarket Lotte Mart on Wednesday announced the debut of its integrated private brand (PB) Good Today under its plan to conduct focu...
Mar 16, 2023 (Gmt+09:00)
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Corporate bonds
S.Korea's individual investors buy bonds this year worth $5.3 billion
Individual investors in South Korea this year have made net bond purchases, or the difference between the buying and selling amounts, worth over 7 t...
Mar 16, 2023 (Gmt+09:00)
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Business & Politics
South Korea eyes $261 billion chip cluster; Samsung takes lead
South Korea said on Wednesday it will create the world’s largest semiconductor cluster near Seoul by attracting 340 trillion won ($261 billion...
Mar 15, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Timeline of HYBE's failed bid for SM vs Kakao
(All dates in 2023) -- Jan. 15: Align Partners Capital Management filed proxy litigation against SM Entertainment Co. Founder Lee Soo-man and seven...
Mar 12, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
KSOE wins order for 2 mid-sized gas carriers at $146 mn
Korea Shipbuilding & Offshore Engineering (KSOE), an intermediate shipbuilding holding company for HD Hyundai Co., announced on Friday in a regu...
Mar 10, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung, Arm partner Gaonchips eyes US as next offshore base
Gaonchips Co., a long-term Samsung Electronics Co’s chip design house partner that also works with British fabless chip company Arm Inc., will...
Mar 10, 2023 (Gmt+09:00)
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Banking & Finance
KEXIM bank inks $6 billion financing deal with Aramco
The Export-Import Bank of Korea said on Tuesday it has signed a three-year framework agreement with Saudi Arabian Oil Co.(Aramco), to provide up to ...
Mar 08, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung reclaims world's top spot in chip sales: Omdia
Samsung Electronics Co. topped the global chipmakers with $67.1 billion in revenue last year, according to London-based tech research firm Omdia ear...
Mar 07, 2023 (Gmt+09:00)
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Electronics
LG Electronics makes 100 millionth unit of core motor for washing machines
LG Electronics Inc. on Sunday said it produced late last month its 112 millionth unit of the inverter direct drive (DD) motor for its washing machin...
Mar 06, 2023 (Gmt+09:00)
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Airlines
Korea's Incheon Airport celebrates 100 millionth transfer passenger
Incheon International Airport, South Korea’s main air gateway, marked a milestone on Thursday as it welcomed its 100 millionth transfer passen...
Mar 03, 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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Earnings
Korean e-commerce Coupang logs profits in Q3-Q4 2022
South Korean e-commerce giant Coupang Inc. achieved record-high yearly revenue and operating profits for two consecutive quarters between July to De...
Mar 01, 2023 (Gmt+09:00)
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Pension funds
S.Korea's GEPS logs 10.2% return on alternative assets in 2022
South Korea’s Government Employees Pension Service (GEPS) had a 4.4% loss on investment last year, seeing its assets under management (AUM) dr...
Mar 01, 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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Batteries
Korea’s L&F in $2.9 billion deal to supply battery material to Tesla
South Korea’s leading battery materials maker L&F Co. said on Tuesday it has signed a $2.91 billion deal to supply cathode, a key electric...
Feb 28, 2023 (Gmt+09:00)
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Economy
S.Korea sees first decline in household loans in 20 years
Household loans in South Korea last year fell from 2021 for the first time in 20 years because of high interest rates, but credit card debt hit a re...
Feb 22, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Kosdaq-listed Daebo Magnetic’s 46% stake up for sale, its shares swing
South Korea’s leading secondary battery equipment player Daebo Magnetic Co. is set to sell its owner family’s controlling stake of about...
Feb 21, 2023 (Gmt+09:00)
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Private equity
Korea's NPS, KTCU likely to invest in CVC's ninth buyout fund
South Korea’s key institutional investors are highly likely to invest via European private equity giant CVC Capital Partners’ ninth buyo...
Feb 20, 2023 (Gmt+09:00)
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Batteries
SK Nexilis signs $1 billion deal to supply copper foil to Northvolt
SK Nexilis Co., a unit of South Korean chemical materials maker SKC Ltd., said on Sunday it has signed a 1.4 trillion won ($1.08 billion) deal to su...
Feb 19, 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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Aerospace & Defense
KAI expects 2023 sales to grow by a third, driven by fighter jets
Korea Aerospace Industries Ltd. (KAI), South Korea’s sole military aircraft manufacturer, said on Wednesday it aims to achieve 3.83 trillion w...
Feb 15, 2023 (Gmt+09:00)
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Leadership & Management
AMCHAM head James Kim joins Hyundai Mobis as outside director
James Kim, chairman of the American Chamber of Commerce in Korea (AMCHAM), is joining South Korea’s largest auto parts maker Hyundai Mobis Co....
Feb 15, 2023 (Gmt+09:00)
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Batteries
S.Korea's EcoPro boosts raw material plant for cathode materials
South Korea's EcoPro Co., a leading cathode supplier for global battery makers, is expanding its plant for raw materials used in secondary battery c...
Feb 15, 2023 (Gmt+09:00)
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Food & Beverage
Hyundai Green Food breaks $1.5 billion in sales for first time in 2022
Hyundai Green Food Co., an affiliate of Hyundai Department Store Group, saw its main business unit of food surpass 2 trillion won ($1.5 billion) in ...
Feb 15, 2023 (Gmt+09:00)
Latest News
- 1 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 2 Korea to allow non-profits to buy bad consumer loans
- 3 LG to drive future growth in emerging markets with battery prowess
- 4 South Korean President Lee, Japanese Prime Minister Ishiba seek closer ties
- 5 Naver Ventures to plant flag in Silicon Valley with TwelveLabs bet