Asia Design Prize
Scope
Date
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Korean food
Washington D.C. recognizes Korea as origin of kimchi
Washington D.C. has joined the three US states of California, Virginia and New York to designate Nov. 22 “Kimchi Day,” and has acknowled...
Jun 29, 2022 (Gmt+09:00)
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Arts
Seoul poised to paint over Hong Kong in fine arts
Back in 2013, Hong Kong painted itself as the uncontested leader in Asia’s art scene – over Singapore, Shanghai, and Tokyo. Art Bas...
Jun 21, 2022 (Gmt+09:00)
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Korean startups
Why India’s top talent chose S.Korea for launch of edutech startup
TagHive Inc. is an education technology startup building a bridge between South Korea and India. The company’s founder and CEO Pankaj Aga...
Jun 17, 2022 (Gmt+09:00)
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Bio & Pharma
LianBio teams with Korean MediRama to ease US biotechs' foray into Asia
LianBio, a Nasdaq-listed biotechnology company, has joined hands with MediRama Co., a South Korean clinical development firm, to help promis...
Jun 17, 2022 (Gmt+09:00)
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Supply chain
Chemical makers to halt plants as truck driver strike deepens
South Korea’s petrochemical companies are set to halt operations as the work stoppage by unionized truck drivers stretched into an eighth day ...
Jun 14, 2022 (Gmt+09:00)
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Electronics
LG Elec CEO pledges cross-industry design innovation
MILAN, Italy – South Korea’s LG Electronics Inc. will focus on upgrading its home appliance designs to reflect the latest design trends ...
Jun 09, 2022 (Gmt+09:00)
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Logistics
CJ Logistics steps up automated distribution system in SE Asia
South Korea’s major logistics firm CJ Logistics Corp. is accelerating business expansion in Southeast Asia. It has started applying a homegrow...
Jun 09, 2022 (Gmt+09:00)
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Future mobility
Kakao Mobility to launch car transport service in June
South Korea’s Kakao Mobility Corp. will begin providing drivers for door-to-door auto transport from as early as mid-June, according to tech i...
Jun 02, 2022 (Gmt+09:00)
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Banking & Finance
NongHyup to gain toehold in southwest Asia with India branch
NongHyup Bank, a major arm of South Korea's National Agricultural Cooperative Federation, got the nod from India last week to open its first branch ...
May 30, 2022 (Gmt+09:00)
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Metaverse
VA Corp. to build Asia’s largest virtual studio with LG’s LED displays
VA Corp. (VAC), a South Korean visual effects production startup, is building Asia’s largest virtual studio complex equipped with super-large ...
May 27, 2022 (Gmt+09:00)
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Construction
Samsung Eng. wins plant design deal from Texas LNG
South Korea’s Samsung Engineering Co. has won a deal to design a liquefied natural gas plant in Texas, taking a step forward to secure a turnk...
May 27, 2022 (Gmt+09:00)
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North Korea
North Korea fires three missiles after Biden ends Asia trip
TOKYO — North Korea fired a suspected intercontinental ballistic missile early Wednesday that flew only briefly before landing in the sea east o...
May 26, 2022 (Gmt+09:00)
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Private equity
KKR closes Asia's largest credit fund at $1.1 bn
KKR & Co. on Wednesday announced the final close of its first Asia credit fund at $1.1 billion, the largest such fund focused on Asia.The privat...
May 25, 2022 (Gmt+09:00)
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Automobiles
Hankook Tire builds Asia’s largest proving ground for future car tires
Hankook Tire & Technology Co., South Korea’s top tire maker, said on Wednesday it has opened Asia’s largest proving ground to test t...
May 25, 2022 (Gmt+09:00)
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Real estate
Former NPS real estate chief named Allianz RE's Asia head
Kim Hyun-soo, a former real estate investment head of South Korea's National Pension Service (NPS), has been named Asia head of Allianz Real Estate,...
May 20, 2022 (Gmt+09:00)
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Energy
S-Oil shuts processing units after one killed, nine injured in blast
ULSAN, South Korea -- S-Oil Corp., Saudi Aramco’s refining unit in South Korea, has shut some of its production facilities in a move that will...
May 20, 2022 (Gmt+09:00)
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Waste management
SK Ecoplant to invest $80 mn in Malaysia for SE Asia biz
South Korea’s top waste management company SK Ecoplant Co. is set to expand its business in Southeast Asia with an $80 million investment in M...
May 20, 2022 (Gmt+09:00)
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Korean startups
SwatchOn connects fabric wholesalers to overseas fashion designers
“We had the overseas market in mind from the get-go,” global fabric sale platform SwatchOn’s CEO Lee Woo-seok told The Korea Econo...
May 19, 2022 (Gmt+09:00)
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Logistics
Hyundai Glovis forms Thailand JV to expand SE Asia biz
South Korea’s Hyundai Glovis Co. set up a logistics joint venture in Thailand to expand its business in Southeast Asia.The logistics unit of S...
May 19, 2022 (Gmt+09:00)
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Carbon neutrality
SK ties up with Bill Gates’ TerraPower for small nuclear reactor biz
SK Group, South Korea’s No. 2 conglomerate, joined hands with TerraPower, an advanced nuclear power venture founded by billionaire Bill Gates,...
May 18, 2022 (Gmt+09:00)
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Earnings
NCSOFT profit beats forecasts as Lineage W drives sales to record
NCSOFT Corp., South Korea’s leading game developer, surprised investors with stronger-than-expected profit in the first quarter as Lineage W, ...
May 13, 2022 (Gmt+09:00)
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E-commerce
Korean app market One Store to venture into SE Asia
One Store Co., South Korea's homegrown app store, will venture into Taiwan and Southeast Asia within the year, aiming to crack Google and Apple's du...
May 10, 2022 (Gmt+09:00)
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Food & Beverage
Shinsegae to resume soju business targeting Southeast Asia
South Korea’s Shinsegae L&B Co. is set to resume its distilled spirit soju business as early as the end of May, aiming for exports to some...
May 04, 2022 (Gmt+09:00)
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Cryptocurrencies
Samsung Asset to list blockchain ETF on Hong Kong Exchange
Samsung Asset Management Co. is slated to list a blockchain exchange-traded fund on the Hong Kong Exchange (HKEX) in the first half of this year, th...
Apr 28, 2022 (Gmt+09:00)
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Webtoons
Kakao to launch webtoon platform in Indonesia for SE Asia
Kakao Entertainment Co. will launch a webtoon platform in Indonesia, the most populous country in Southeast Asia, to expand the business in the regi...
Apr 27, 2022 (Gmt+09:00)
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Beauty & Cosmetics
Cosmax strengthens eco-friendly marketing in Southeast Asia
Cosmax Inc., a major South Korean original design manufacturer (ODM) for L'Oréal and other global cosmetics giants, is strengthening its ma...
Apr 21, 2022 (Gmt+09:00)
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Bio & Pharma
Kolon Life inks technology transfer deal with Juniper Biologics
South Korea’s pharmaceutical company Kolon Life Science Inc. signed a technology export deal worth up to 723.4 billion won ($589.1 million) wi...
Apr 13, 2022 (Gmt+09:00)
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Markets
S.Korea’s retail investors put record amount in overseas stocks
South Korea’s retail investors poured 22.9 trillion won ($18.8 billion) into purchasing overseas stocks last year, according to the country's ...
Apr 07, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Samsung Asset Mgmt. buys 20% stake in US ETF sponsor Amplify
South Korea’s Samsung Asset Management Co. invested in a US exchange-traded fund sponsor to expand its global presence in the market.Samsung s...
Apr 01, 2022 (Gmt+09:00)
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Mergers & Acquisitions
SK Hynix considers joint acquisition of UK chip designer Arm
South Korea's SK Hynix Inc. is considering forming a consortium with other strategic investors to buy Arm Ltd., a British semiconductor design compa...
Mar 30, 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