DL Group D Tower sale
Scope
Date
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Bio & Pharma
Celltrion acquires Swiss pharmaceutical distributor iQone
South Korea's Celltrion Inc. said on Friday that it completed its acquisition of iQone Healthcare Switzerland, a Swiss pharmaceutical distributor, t...
Nov 15, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor taps US unit chief Jose Munoz as new CEO
Hyundai Motor Co. on Friday named Jose Munoz, its global chief operating officer (COO) and head of North and South American operations, as its new a...
Nov 15, 2024 (Gmt+09:00)
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Electronics
LG to expand appliance subscriptions to India to speed up leasing business
LG Electronics Inc., the leading global home appliance maker, is considering expanding its subscription service into new overseas markets, such as I...
Nov 14, 2024 (Gmt+09:00)
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Beauty & Cosmetics
AmorePacific to rebalance China-heavy global business
AmorePacific Corp., South Korea’s No. 1 cosmetics group, will rebalance its China-heavy global business to focus on the US and Europe while lo...
Nov 13, 2024 (Gmt+09:00)
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Real estate
Korea’s DL Group to sell hotels for $462 mn in further restructuring
DL Group, South Korea’s petrochemical-to-construction conglomerate is putting some hotels on the market to raise an estimated 650 billion won ...
Nov 12, 2024 (Gmt+09:00)
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Short selling
S.Korea mulls fines on Barclays, Citi for short-sale violations
South Korea’s financial authorities are considering fining British multinational investment bank Barclays plc and US investment banking group ...
Nov 12, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Hanwha Ocean wins $51.2 mn deal for two LNG carriers
Hanwha Ocean Co., South Korea’s third-largest shipbuilder, secured a new contract to build two LNG carriers, making it the domestic shipyard w...
Nov 11, 2024 (Gmt+09:00)
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Construction & Planning
SK Ecoplant selects four companies at ConTech Meet-Up
South Korea's SK Ecoplant Co. said on Friday it held the "2024 ConTech Meet-Up Day" award ceremony at the Grand Walkerhill Hotel in Seoul. ConTech M...
Nov 08, 2024 (Gmt+09:00)
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Corporate restructuring
Korean steel giant POSCO to sell Chinese JV PZSS amid US-China trade war
South Korean steel giant POSCO Holdings Inc. is seeking to sell its entire stake in a Chinese stainless steel joint venture as it faces growing comp...
Nov 08, 2024 (Gmt+09:00)
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Companies
Hotel Shilla to open 16th Shilla Stay in Jeonju
South Korea’s Hotel Shilla, said on Thursday that it will open its 16th Shilla Stay hotel in Jeonju, North Jeolla Province, on December 10.&nb...
Nov 08, 2024 (Gmt+09:00)
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Artificial intelligence
GS Group, Notion to team up on AI capabilities
South Korea's GS Group signed a memorandum of understanding (MOU) with Notion, the US-based popular collaboration software company to enhance its ...
Nov 07, 2024 (Gmt+09:00)
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Sports
Global sportswear brands race to ride on Korea’s running craze
Global sportswear makers have stepped up competition in South Korea to take advantage of the country’s growing running craze with major brands...
Nov 06, 2024 (Gmt+09:00)
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Korean food
S.Korea's BBQ enters world's most populous market, India
Genesis BBQ Group, the operator of a popular South Korean fried chicken brand, is expanding its market to South Asia by entering India, the world&rs...
Nov 06, 2024 (Gmt+09:00)
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Corporate restructuring
Fila sportswear brand downsizes loss-making US business
South Korean-owned sportswear brand Fila said on Tuesday it scaled back its loss-making US business to improve earnings through a restructuring in N...
Nov 06, 2024 (Gmt+09:00)
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Earnings
Coupang posts record quarterly sales, swings to Q3 operating profit
Coupang Inc., South Korea’s answer to global e-commerce giant Amazon.com, posted its highest quarterly sales in the third quarter and swung to...
Nov 06, 2024 (Gmt+09:00)
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Bio & Pharma
Celltrion releases Steqeyma in Europe
South Korea's Celltrion Inc. said on Monday it released Steqeyma (ustekinumab) in Europe, the biosimilar of autoimmune disease treatment Stelara.T...
Nov 05, 2024 (Gmt+09:00)
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Machinery
Daedong opens autonomous robot subsidiary Daedong Robotics
Daedong Group, South Korea's leading agricultural machinery manufacturer, said on Monday it established Daedong Robotics, an intelligent autonomous ...
Nov 04, 2024 (Gmt+09:00)
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Electric vehicles
Hybrids, EVs power Hyundai, Kia’s US auto sales in October
Hyundai Motor Group, the world’s third-largest automaker, saw a rebound in US auto sales last month thanks to surges in demand for its hybrid ...
Nov 04, 2024 (Gmt+09:00)
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Earnings
Samsung Bioepis Q1 sales surpass $362 mn in US, Europe
Samsung Bioepis Co. reported that its quarterly overseas sales of key biosimilars exceeded 500 billion won ($362 million), according to figures re...
Nov 04, 2024 (Gmt+09:00)
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Earnings
Samsung’s memory business fares better in Q3; more HBM sales ahead
Samsung Electronics Co. reported weaker-than-expected operating profit in its chip business in the third quarter but expects a rise in sales of its ...
Oct 31, 2024 (Gmt+09:00)
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Artificial intelligence
Korea’s SK Networks partners with Malaysia’s Sunway on AI
South Korean trading company SK Networks Co. has joined forces with Malaysian conglomerate Sunway Group to work together on future growth sectors su...
Oct 30, 2024 (Gmt+09:00)
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Executive reshuffles
Shinsegae Group splits E-Mart, department store with executive reshuffles
South Korea’s retail giant Shinsegae Group on Wednesday carried out one of its most drastic executive reshuffles, officially splitting the gro...
Oct 30, 2024 (Gmt+09:00)
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Mergers & Acquisitions
SK Nexilis poised to sell thin film division to Affirma Capital
SK Nexilis Co., the world’s largest copper foil maker, is in the final stage of negotiations to sell its thin film manufacturing division to A...
Oct 30, 2024 (Gmt+09:00)
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Steel
Korea’s POSCO, India’s JSW team up to build steel plant in Odisha
South Korea’s POSCO Group joined hands with India’s JSW Group to set up an integrated steel plant in the South Asian country with an est...
Oct 29, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor aims high for online small EV sales in Japan
TOKYO – Hyundai Motor Co. will accelerate its penetration into Japan, a market it has been struggling to crack for decades, with small-size el...
Oct 29, 2024 (Gmt+09:00)
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Earnings
LG Energy Q3 profit more than doubles on higher sales; shares jump
LG Energy Solution Ltd., the world’s third-largest battery maker, said its quarterly operating profit more than doubled from the previous thre...
Oct 28, 2024 (Gmt+09:00)
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Automobiles
Toyota, Hyundai agree to deepen ties in hydrogen, robotics
Toyota Motor Corp. and Hyundai Motor Group agreed to deepen their partnership in developing future mobility technology, especially in hydrogen fuel-...
Oct 28, 2024 (Gmt+09:00)
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Chemical Industry
LG Chem opens Europe Innovation Center in Germany
South Korea's LG Chem Ltd., the world’s fourth-largest chemicals manufacturer, said on Sunday the opening of its Europe Innovation Center in F...
Oct 28, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Korea Zinc shares skyrocket after buybacks in tender offer
Shares in Korea Zinc Inc. soared on Thursday, a day after completing its buybacks, driven by institutional investors covering shorts on the stock an...
Oct 24, 2024 (Gmt+09:00)
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Korean chipmakers
Tesla in talks with SK Hynix for $725 mn eSSD order
Tesla Inc. is in talks with SK Hynix Inc. at the US electric vehicle giant’s request for a possible 1 trillion won ($725 million) order of ent...
Oct 24, 2024 (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