2024 EV of the Year
Scope
Date
~
-
Machinery
Korean agricultural machinery maker to expand US production
South Korea’s major farm machinery maker is set to invest $20 million in manufacturing facilities in the US state of Georgia, to expand its bu...
May 22, 2022 (Gmt+09:00)
-
Webtoons
Kakao to merge US webtoon, web novel platforms
South Korea’s Kakao Entertainment Co. is set to merge Tapas Media Inc. and Radish Fiction Inc., its webtoon and mobile novel platforms in Nort...
May 19, 2022 (Gmt+09:00)
language -
Bio & Pharma
Daewoong's Nabota approved for sale in Saudi Arabia, Ukraine
South Korea’s Daewoong Pharmaceutical Co. has obtained approval for the sale of its botulinum toxin product, Nabota, in Saudi Arabia and Ukrai...
May 19, 2022 (Gmt+09:00)
-
Electric vehicles
Hyundai, Kia to inject $16.6 bn into EV production in South Korea
The Hyundai Motor Group announced the conglomerate’s domestic investment blueprint on Wednesday. The backbone of the investment plan is to ma...
May 18, 2022 (Gmt+09:00)
language -
Retail
E-Mart's conundrum over changing shopping habits
For middle-class families in South Korea, it has become a morning ritual to bring the boxes of fresh produce and daily necessities delivered overnig...
May 18, 2022 (Gmt+09:00)
-
Batteries
LG Energy, SK On to add prismatic types to EV cell lineups
LG Energy Solution Ltd. and SK On Co., the world’s No. 2 and No. 5 battery makers, respectively, are set to add prismatic batteries to their l...
May 17, 2022 (Gmt+09:00)
language -
Electronics
Volkswagen partner SoluM eyes top spot in global ESL market
SoluM Co., a South Korean mid-sized electronic component maker, is eyeing record performance this year, thanks to orders from Volkswagen AG and Elon...
May 17, 2022 (Gmt+09:00)
-
Mergers & Acquisitions
SK On bolsters M&A team with new executive hires
SK On Co., an electric vehicle battery maker of SK Innovation Co., is bolstering its M&A team by hiring M&A experts from a leading law firm ...
May 17, 2022 (Gmt+09:00)
language -
Batteries
Korea’s Iljin to build $391 mn battery materials plant in Spain
South Korea’s Iljin Materials Co. plans to invest 500 billion won ($391.2 million) in a battery materials plant in Spain, its first production...
May 17, 2022 (Gmt+09:00)
-
Foreign exchange
Korea President Yoon to hold emergency meeting over won
South Korea’s new President Yoon Suk-yeol called an emergency meeting as the won currency tumbled to its weakest level since the 2008-09 globa...
May 12, 2022 (Gmt+09:00)
-
Batteries
SK On to build $2.3 bn EV battery plant for Hyundai in US
SK On Co., the world’s fifth-largest electric vehicle battery manufacturer, plans to build a new US factory to supply batteries to a planned E...
May 12, 2022 (Gmt+09:00)
-
Logistics
Samsung SDS takes smart logistics platform Cello Square to China
Samsung SDS Co., the information technology service unit of Samsung Group, is taking its smart logistics platform, Cello Square, to China to offer l...
May 12, 2022 (Gmt+09:00)
-
IPOs
One Store becomes fifth Korean IPO dropout this year
One Store Co., South Korea's homegrown app store, on Wednesday canceled its initial public offering on the Korea Exchange, after its shares failed t...
May 11, 2022 (Gmt+09:00)
-
Batteries
POSCO to invest $20 billion in battery materials to rival Chinese firms
POSCO Group, which owns South Korea’s largest steelmaker, plans to invest 25 trillion won ($20 billion) to secure a stable supply of key raw m...
May 11, 2022 (Gmt+09:00)
-
Automobiles
Hyundai likely to unveil US EV plant plans in May
Hyundai Motor Co. is preparing to announce a plan to build its first electric vehicle plant in the US, a source familiar with the matter said on Mon...
May 10, 2022 (Gmt+09:00)
-
Korean SMEs
Korea’s SFA Engineering aims for top spot in smart factory market
SFA Engineering Corp., a small South Korean equipment maker, has for decades been known for its automated machines used in the manufacture of displa...
May 09, 2022 (Gmt+09:00)
-
Tech, Media & Telecom
Samsung Elec. proposes global research for 6G frequencies
Samsung Electronics Co., South Korea’s tech behemoth, has put forward global research on 6G service frequencies as it aims to take the lead in...
May 09, 2022 (Gmt+09:00)
-
Companies
Doosan Enerbility turns around with reform, new orders
South Korea's major power plant builder Doosan Enerbility Co. has significantly improved its financial health, with its debt-to-equity ratio tumblin...
May 06, 2022 (Gmt+09:00)
-
Economy
Korea April inflation hits 13-1/2-year peak; bond yields up
South Korea’s consumer prices in April rose at the fastest pace since the 2008-09 global financial crisis, reinforcing expectations of further...
May 03, 2022 (Gmt+09:00)
-
Shipping & Shipbuilding
Hyundai Heavy's engine unit emerges as golden goose
Hyundai Heavy Industries Co., a South Korean shipbuilding giant, is seeing its marine engine business unit emerge as the company’s cash cow.Th...
May 02, 2022 (Gmt+09:00)
-
Webtoons
Naver Webtoon’s global users quadruple in 5 years on localization
Naver Webtoon Corp., the digital comics and novel platform of South Korea’s online portal giant Naver Corp., saw users nearly quadrupling in f...
May 02, 2022 (Gmt+09:00)
-
Electric vehicles
SK, BlackRock team to bet on EV charging station maker
SK Inc., the holding company of South Korean conglomerate SK Group, has committed to invest $5 million in US electric vehicle charging stati...
Apr 29, 2022 (Gmt+09:00)
-
The KED View
Following Japan’s economic decline
When it comes to the economy, would it be faster for South Korea to surpass Japan or be surpassed by Taiwan?Recently, all eyes are on the three East...
Apr 29, 2022 (Gmt+09:00)
-
Electric vehicles
LS Group revs up to enter EV charging business
South Korean conglomerate LS Group is eyeing the growing electric vehicle industry and the markets derived from it. The group announced the lau...
Apr 29, 2022 (Gmt+09:00)
-
Foreign exchange
Korean won at 2-year low, adding to inflationary pressure
South Korea’s won currency skidded to the lowest level in more than two years on Thursday, adding to fears over growing inflationary pressure ...
Apr 28, 2022 (Gmt+09:00)
-
Korean startups
Retail investment amount in startups triples on-year in Q1
South Korea’s retail investors are increasingly more bullish in startups than in manufacturing or retail firms. The Ministry of SMEs an...
Apr 28, 2022 (Gmt+09:00)
-
Automobiles
Hyundai Mobis taps two Japanese auto experts to boost sales
South Korea’s Hyundai Mobis Co. has tapped two Japanese auto experts to accelerate its business in Japan, the company announced on April 27. T...
Apr 28, 2022 (Gmt+09:00)
-
Real estate
Office deals in Seoul, Bundang surge 45% on-year in Q1
The office building deals in Seoul and neighboring Bundang Business District (BBD) reached 3.1 trillion won ($2.5 billion) during the first quarte...
Apr 27, 2022 (Gmt+09:00)
-
Electric vehicles
SK buys power semiconductor maker for EV chip business
SK Group, South Korea’s third-largest conglomerate, has geared up its electric vehicle chip business development with the acquisition of a loc...
Apr 27, 2022 (Gmt+09:00)
-
Earnings
Hyundai, Kia see Q1 profits soar, aim for strong 2022 despite dim outlook
South Korea’s two largest automakers – Hyundai Motor Co. and Kia Corp. – on Monday posted strong first-quarter earnings, driven by...
Apr 25, 2022 (Gmt+09:00)
Latest News
- 1 Want to look beautiful? – Here’s the 'Made In Korea' mask pack
- 2 LG Chem closes $1 bn water filter division sale to Glenwood PE
- 3 Hyundai Motor-backed Motional names AI veteran Laura Major as CEO
- 4 President Lee: Businesses at center of policy priorities for economic growth
- 5 Samsung supplies HBM3E to AMD’s new accelerators