ADB Annual Meeting
Scope
Date
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Aerospace & Defense
K-defense sector to reach annual export of $16 bn for two consecutive years
The South Korean defense market is forecast to sign export contracts worth more than 20 trillion won (15.7 billion) combined this year on the back o...
Jan 04, 2023 (Gmt+09:00)
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Korean Innovators at CES 2023
LG Elec, Magna expand partnership into self-driving tech
LAS VEGAS – LG Electronics Inc., the world’s top home appliance producer, expanded its partnership with Canadian car parts maker Magna I...
Jan 04, 2023 (Gmt+09:00)
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Economy
S.Korean companies expect exports to decline in 1% range this year
South Korea's companies expect both sales and exports this year to decline in the 1% range from last year, predicting economic growth in the low 1% ...
Jan 04, 2023 (Gmt+09:00)
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Retail
GS Retail to introduce forex kiosks in convenience stores
South Korea's convenience store franchiser GS Retail said on Monday that it would introduce foreign currency exchange kiosks at its convenience st...
Jan 02, 2023 (Gmt+09:00)
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Business & Politics
Korea plans to raise tax breaks for chipmakers, key industries
The South Korean government plans to revise a recently passed bill aimed at supporting the country’s semiconductor sector and other key indust...
Dec 30, 2022 (Gmt+09:00)
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Leadership & Management
KT taps current CEO Ku as sole candidate for next chief
South Korea’s telecom giant KT Corp. has named current chief executive Ku Hyeon-mo the sole candidate for its next CEO during a board meeting ...
Dec 28, 2022 (Gmt+09:00)
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Bio & Pharma
Korean biotechs target US labs to speed up regulatory approval for tests
South Korean molecular diagnostics companies are increasingly buying high-quality laboratories in the US that meet federal regulatory standards in a...
Dec 28, 2022 (Gmt+09:00)
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ESG
Standard Chartered's director attributes ESG success to board-led decisions
When it comes to the banking sector's environmental, social, and governance (ESG) efforts, an industry veteran says the success depends on the chief...
Dec 27, 2022 (Gmt+09:00)
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Corporate strategy
CJ ENM sets up brand incubator Brandworks Korea
South Korean entertainment powerhouse CJ ENM Co. plans to foster the brand incubating business and promote sales through Brandworks Korea, the compa...
Dec 26, 2022 (Gmt+09:00)
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Fintech
South Korea doubles gov't fintech innovation fund to $781 million
The South Korean government will double the value of its Fintech Innovation Fund, a source of financial support for the financial technology or fint...
Dec 26, 2022 (Gmt+09:00)
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Korean chipmakers
Samsung unveils industry’s first 12 nm DRAM, compatible with AMD
Samsung Electronics Co., the world’s largest memory chipmaker, said on Wednesday it has unveiled an advanced DRAM chip, using the industry&rsq...
Dec 21, 2022 (Gmt+09:00)
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Chemical Industry
KCC's paint selected as World-Class Product for 14 consecutive years
South Korea's leading chemical and auto parts supplier KCC Corp. said on Thursday that its anti-rust and anti-fouling paints for ships and ceramics ...
Dec 16, 2022 (Gmt+09:00)
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Bio & Pharma
Korea's 2021 bio sector output $15.4 bn; 5-year annual growth 20%
South Korea's bio industry last year exceeded 20 trillion won ($15.4 billion) in production for the first time and continues to see strong growth.Th...
Dec 15, 2022 (Gmt+09:00)
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Energy
LS Cable wins $306 mn worth of orders from UK
South Korea's LS Cable & System Ltd. on Monday said it will supply high voltage direct current (HVDC) cables for 400 billion won ($306.1 million...
Dec 13, 2022 (Gmt+09:00)
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Corporate restructuring
Kyobo Life seeks to transition into financial holding company
South Korean life insurance behemoth Kyobo Life Insurance Co. is seeking to transition into a financial holding company to expand its business footh...
Dec 07, 2022 (Gmt+09:00)
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Blockchain
Blockchain co. Reality Reflection's board to discuss mangement reshuffle
The South Korean blockchain ecosystem is facing a string of management disputes, hit by worsening conditions of the global cryptocurrency market.&nb...
Dec 05, 2022 (Gmt+09:00)
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Batteries
LG Energy, GM to inject another $275 mn in Tennessee plant
South Korean battery maker LG Energy Solution Ltd. and General Motors Co. plan to inject an additional $275 million in a US electric vehicle battery...
Dec 04, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
Korean shipbuilder KSOE wins $308 million order for 2 ethane carriers
Korea Shipbuilding & Offshore Engineering (KSOE), the holding company of the world’s top shipbuilder Hyundai Heavy Industries Group, said ...
Dec 02, 2022 (Gmt+09:00)
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Cloud computing
Samsung Electronics acquires two global cloud security certifications
Samsung Electronics Co. acquired two international certificates regarding cloud security, ISO 27001 and ISO 27017.South Korea's electronics giant an...
Dec 01, 2022 (Gmt+09:00)
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Food & Beverage
Jeju Samdasoo enters India, ships 45 tons of mineral water
South Korea’s leading bottled mineral water brand Jeju Samdasoo has begun exports to India, shipping 45 tons of the water there from the resor...
Dec 01, 2022 (Gmt+09:00)
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Batteries
Enchem to more than double electrolyte production in US
South Korea’s electrolyte maker Enchem Co. said Monday it aims to expand its annual production capacity in the US to 300,000 tons by 2026 to m...
Nov 28, 2022 (Gmt+09:00)
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Artificial intelligence
Gaming firm NCSOFT wins S.Korea’s largest AI R&D competition
South Korean game developer NCSOFT Corp. announced on Friday that it won first place at this year’s Artificial Intelligence Grand Challenge, h...
Nov 25, 2022 (Gmt+09:00)
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Business & Politics
Saudi prince’s Seoul trip brings $30 billion in business deals
Mohammed bin Salman, the crown prince and prime minister of Saudi Arabia, flew into Seoul on Thursday and clinched $30 billion in bilateral deals wi...
Nov 17, 2022 (Gmt+09:00)
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Chemical Industry
SK Geo Centric to build Asia's biggest advanced recycling plant with British partner
South Korea's SK Geo Centric, the green chemical subsidiary of SK Innovation, will build Asia's largest advanced recycling (pyrolysis) plant in the ...
Nov 16, 2022 (Gmt+09:00)
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Construction
Saudi crown prince to meet Korean business leaders in Seoul
Saudi Arabia’s crown prince Mohammed bin Salman is known to be planning meetings with leaders of major South Korean conglomerates, including S...
Nov 15, 2022 (Gmt+09:00)
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Bio & Pharma
SK Biopharma's epilepsy treatment posts impressive growth in US
South Korean SK Biopharmaceuticals' epilepsy treatment Cenobamate has seen rapid growth on the US market.The company on Thursday said the medic...
Nov 11, 2022 (Gmt+09:00)
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Batteries
POSCO Chemical completes world's largest cathode materials plant
POSCO Chemical will soon launch operations at its newly completed factory for cathode materials, the biggest of its kind in the world with an annual...
Nov 10, 2022 (Gmt+09:00)
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Banking & Finance
Korean American women leaders in finance stress finding joy in work
NEW YORK – One by one, impeccably dressed Korean American women flocked into the Anchorage Capital Group’s headquarters in New York City...
Nov 03, 2022 (Gmt+09:00)
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Shareholder activism
Game publisher Com2uS buys $47 mn worth of SM Entertainment shares
South Korean mobile and online game developer and publisher Com2uS Corp. acquired a whopping 67 billion won ($47 million) worth of SM Entertainment ...
Nov 01, 2022 (Gmt+09:00)
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Travel & Leisure
Hotel Shilla's biz hotel to post record guest room sales
When Hotel Shilla Co. CEO and Samsung Group heiress Lee Boo-jin said in a shareholders’ meeting in March that the Korean hotel company will br...
Oct 24, 2022 (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