Central and South American market
Scope
Date
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Food & Beverage
S.Korea's brewery Seoul Jangsu forms marketing tie-up with fashion industry
With South Korea's traditional milky rice wine makgeolli seeing its second heyday centered on the 20- and 30-something crowds, marketing tie-ups tar...
Mar 21, 2023 (Gmt+09:00)
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Bio & Pharma
GC Biopharma wins $44 mn flu vaccine order from WHO agency
South Korea's pharmaceutical firm GC Biopharma Corp. said on Monday that it has won a $44.3 million (57.9 billion won) order for flu vaccines in a d...
Mar 21, 2023 (Gmt+09:00)
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IPOs
S.Korean biotech GI Innovation's IPO draws tepid market interest
South Korean biotech GI Innovation Inc. is slated to debut on the local public market at less than half of its pre-IPO investment value, facing luke...
Mar 20, 2023 (Gmt+09:00)
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Robotics
Samsung gets $191 million profit valuation from investment in Rainbow Robotics
Samsung Electronics Co. is found to have earned 250 billion won ($191 million) in profit valuation from its investment made two months ago in Rainbo...
Mar 20, 2023 (Gmt+09:00)
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Markets
Korean ETP market doubles amid increasing distrust of fund managers
South Korea’s exchange-traded product (ETP) market has doubled in four years as more investors preferred their own trades to discretionary inv...
Mar 20, 2023 (Gmt+09:00)
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Economy
S.Korea confirms easing inflation; BOK to hold rate
South Korea confirmed that inflation eased while Asia’s fourth-largest economy continued to slow, adding to expectations that the government m...
Mar 17, 2023 (Gmt+09:00)
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Batteries
Korea EV cell makers unveil new products to expand market
South Korea’s electric vehicle battery makers on Wednesday unveiled prototypes of new products, especially lithium iron phosphate (LFP) models...
Mar 16, 2023 (Gmt+09:00)
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Retail
F&F bets on China's beauty market under MLB brand
F&F Co., a South Korean retailer of Western brands such as Major League Baseball (MLB), has been rapidly penetrating China's cosmetics market, w...
Mar 16, 2023 (Gmt+09:00)
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Hydrogen economy
Kolon Industries showcases hydrogen fuel cell materials at Tokyo Expo
Kolon Industries Inc., a Korean manufacturer of chemical and textile products, said on Wednesday that it was exhibiting its hydrogen fuel cell parts...
Mar 16, 2023 (Gmt+09:00)
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Economy
S.Korea’s jobs in February grow at slowest pace in 2 years
South Korea’s jobs grew at the slowest pace in two years last month partly owing to a slowdown in the country’s manufacturing sector due...
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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Artificial intelligence
Naver D2SF invests in 3D avatar-based communication startup
Naver's startup-nurturing organization, D2 Startup Factory (D2SF), announced on Wednesday its investment in Goodgang Labs, a company focused on de...
Mar 16, 2023 (Gmt+09:00)
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Korean food
Korea Ginseng Corporation opens new R&D center in California
Korea Ginseng Corporation (KGC), a leading producer of Korean ginseng products, said on Wednesday that it has opened a new research and development ...
Mar 16, 2023 (Gmt+09:00)
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Robotics
Korean 3D tech firm Koh Young looks to US medical robot market
Koh Young Technology Inc., a South Korean developer of 3D optical inspection devices used in electronics manufacturing, is slated to enter the US me...
Mar 15, 2023 (Gmt+09:00)
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Asset management
Global macro investing to revive for more volatile age: M&G
The value of investments will fluctuate, which will cause prices to fall as well as rise and investors may not get back the original amount they inv...
Mar 15, 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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Korean chipmakers
South Korea says US Chips Act subsidies have too many requirements
SEOUL—The U.S. Chips Act is dangling billions of dollars in subsidies in front of the world’s biggest semiconductor manufactur...
Mar 15, 2023 (Gmt+09:00)
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Future mobility
SK sells US car-sharing firm Turo stake to earn over $32 mn
South Korea’s second-largest conglomerate SK Group exited from Turo, the US top peer-to-peer car-sharing company, to make an estimated return ...
Mar 15, 2023 (Gmt+09:00)
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Energy
Hanwha Energy sells Spanish solar plant project to Irish firm
South Korean energy company Hanwha Energy Corp. said on Wednesday that it had sold a solar power plant project in Spain to Amarenco Solar, an Irish ...
Mar 15, 2023 (Gmt+09:00)
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Future mobility
Tmap Mobility to sell all its 30% stake in joint venture with Grab
Tmap Mobility Co., the Korean navigation app company, announced on Tuesday its plan to sell its 30% stake in Grab Geo Holdings, a joint venture esta...
Mar 15, 2023 (Gmt+09:00)
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Aerospace & Defense
Boeing’s Korean supplier targets UAV market with guided weapons
Boeing Co.’s leading South Korean contractor aims to develop unmanned aerial vehicles with guided weapons, given the rapidly growing military ...
Mar 14, 2023 (Gmt+09:00)
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Airlines
Eastar Jet to add 7 airplanes with aim to rake in $111.2 mn in 2023 sales
Eastar Jet Co., a South Korean low-cost airline, will expand its fleet to 10 aircraft this year to resume flight services at home and abroad about t...
Mar 14, 2023 (Gmt+09:00)
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Sovereign wealth funds
S.Korean sovereign wealth fund KIC to set up Mumbai office
Sovereign wealth fund Korea Investment Corporation (KIC) has kicked off procedures to open a Mumbai-based office later this year, The Korea Economic...
Mar 14, 2023 (Gmt+09:00)
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Artificial intelligence
CJ Group adopts AI-based copywriter for producing marketing content
South Korea's CJ Group on Tuesday said it will develop and run a personalized artificial intelligence (AI) copywriter that automatically produces ma...
Mar 14, 2023 (Gmt+09:00)
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Beauty & Cosmetics
CGBio opens cosmetic surgery clinic in Bali using bio-medical tech
CGBio, a South Korean bio-renewable medical company, announced on Monday that it opened a medical esthetic clinic, called Nulook, in Bali, Indonesia...
Mar 14, 2023 (Gmt+09:00)
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Fintech
Apple Pay to launch in South Korea on March 21
Apple's mobile payment service, Apple Pay, is set to launch domestically in South Korea on March 21, according to industry sources on Monday.With th...
Mar 14, 2023 (Gmt+09:00)
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Automobiles
Hyundai to boost India presence via takeover of GM plant
Hyundai Motor Co., the leading South Korean carmaker, is set to expand its presence in India with a takeover of General Motors Co.’s plant in ...
Mar 13, 2023 (Gmt+09:00)
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Food & Beverage
Pulmuone looks to enter US plant-based convenience food market
Pulmuone, a leading South Korean producer of plant-based foods such as tofu and bean sprouts, is trying to expand the K-food territory in the global...
Mar 13, 2023 (Gmt+09:00)
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Construction
Hyundai L&C targets China’s interior materials market
Hyundai L&C, a South Korean building materials company under the Hyundai Department Store Group, said on Sunday that it has entered the Chinese ...
Mar 13, 2023 (Gmt+09:00)
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Travel & Leisure
Tourist arrival gap between S.Korea, Japan widens sharply
Since Japan resumed visa-free travel for South Koreans in October last year, South Koreans have been flocking to the neighboring country.But the num...
Mar 10, 2023 (Gmt+09:00)
Latest News
- 1 Genesis targets broader European presence with EV trio
- 2 K-pop pilgrimage boosts Seoul ahead of BTS comeback
- 3 Want to look beautiful? – Here’s the 'Made In Korea' mask pack
- 4 LG Chem closes $1 bn water filter division sale to Glenwood PE
- 5 Hyundai Motor-backed Motional names AI veteran Laura Major as CEO