Designer of the Year
Scope
Date
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Robotics
SK Telecom launches AI robot kit for monitoring fire, gas leaks
South Korea's SK Telecom Co. has released an "AI robot kit" that can be attached to a robot to monitor fire and gas leaks. The kit is designed in th...
Feb 20, 2023 (Gmt+09:00)
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Korean food
Koreans’ voracious appetite for pork belly extends to Canadian pork market
As South Korea prepares for Samgyeopsal Day, or Pork Belly Day, on March 3, the country has further upped pork imports from Canada – this afte...
Feb 20, 2023 (Gmt+09:00)
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Korean chipmakers
Chip designers in high demand despite industry slowdown
The semiconductor industry is reeling from a chip supply glut amid a broader global economic slowdown. However, as the saying goes, every cloud has ...
Feb 17, 2023 (Gmt+09:00)
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Earnings
Hanwha Solutions projects over $778 mn operating profit in 2023
Hanwha Solutions Corp. projects its operating profit for this year would exceed 1 trillion won ($778 million) on an anticipated solar energy boom in...
Feb 16, 2023 (Gmt+09:00)
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Korean stock market
Samsung C&T to cancel $2.3 bn worth of treasury shares, stocks up
Samsung C&T Corp.’s share price zoomed on Thursday on news that the company will cancel its entire treasury stock holdings worth about 2.9...
Feb 16, 2023 (Gmt+09:00)
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Bio & Pharma
POSCO Int'l's pharmaceutical biz in Sudan attains No. 2 market ranking
A pharmaceutical company in Sudan set up by South Korea's POSCO International to find business opportunities in and make social contributions to the...
Feb 16, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
S.Korean shipbuilders rule world’s eco-friendly vessel market
South Korea’s shipbuilders have won more than half of the orders to build eco-friendly vessels so this year based on advanced technology to do...
Feb 14, 2023 (Gmt+09:00)
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Petrochemicals
Lotte Fine Chemical transforms from ugly duckling to golden swan
For Samsung Group, the fine chemicals business was an ugly duckling losing money while other affiliates, including Samsung Electronics Co., were flu...
Feb 13, 2023 (Gmt+09:00)
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Economy
Treasury yield falls signal BOK's looser grip on inflation
The yield on South Korea’s benchmark three-year treasury bonds has stayed below the base rate for a month, out of sync with monetary policies ...
Feb 13, 2023 (Gmt+09:00)
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Economy
S.Korea’s trade outlook dismal in Feb with stagnant exports
South Korea’s trade deficit in just the first 40 days of this year inched close to 40% of its worst-ever annual deficit last year amid a conti...
Feb 13, 2023 (Gmt+09:00)
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Artificial intelligence
SK Telecom doubles capacity of its AI service's supercomputer Titan
South Korea's SK Telecom Co. on Sunday said it had doubled the processing capacity of its supercomputer Titan, the brain of its artificial intellige...
Feb 13, 2023 (Gmt+09:00)
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ECM/DCM
S.Korean listed companies' cancelled shares reach $8.6 bn over past 3 years
South Korea's listed companies have cancelled 11 trillion won ($8.6 billion) worth of shares over the past three years.The Korea Exchange said on Su...
Feb 13, 2023 (Gmt+09:00)
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Electric vehicles
Hyundai Engineering builds nationwide EV infrastructure
South Korea's Hyundai Engineering on Sunday said the country's Ministry of Environment selected the company to receive electric vehicle (EV) infrast...
Feb 13, 2023 (Gmt+09:00)
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Artificial intelligence
Kakao to unveil Korean language-specific, vertical AI
Kakao Corp., South Korea’s No. 1 mobile messenger platform, will launch Korean language-specific, vertically-integrated AI service this year s...
Feb 10, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor Group ranks first in US vehicle dependability study
Hyundai Motor Group has once again topped the U.S. Vehicle Dependability Study (VDS) conducted by J.D. Power, ranking first among 16 global automoti...
Feb 10, 2023 (Gmt+09:00)
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The Deep Dive
S.Korea’s love of luxury ushers in 3rd wave of bling boom
Global luxury brands from Louis Vuitton to Chanel and Thom Browne are readying themselves for a third wave of the luxury boom in South Korea, where ...
Feb 09, 2023 (Gmt+09:00)
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Korean startups
Seoul to run $3.9 billion fund for startups over 4 years
The local government of South Korea’s capital city Seoul this year will launch its own vision fund, dubbed the Seoul Vision 2030 Fund, to inve...
Feb 09, 2023 (Gmt+09:00)
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Hydrogen economy
S.Korean firms showcase hydrogen offerings in United States
South Korean energy ministry and major Korean companies including Hyundai Motor Co., SK E&S, and Korea Zinc Co. participated in the Hydrogen &am...
Feb 09, 2023 (Gmt+09:00)
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Artificial intelligence
S.Korea's Lunit supplies breast cancer imaging solution to UAE
South Korean medical AI company Lunit has supplied its breast cancer imaging analysis solution — Agfa HealthCare Enterprise Imaging — to...
Feb 09, 2023 (Gmt+09:00)
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Artificial intelligence
SK Telecom to launch multimodal AI to match ChatGPT
South Korea’s SK Telecom Co. will adopt natural language generation and processing capabilities for its nascent artificial intelligence servic...
Feb 08, 2023 (Gmt+09:00)
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Batteries
Korea EV battery makers lose market share against Chinese rivals
South Korean electric vehicle cell makers lost a market share against Chinese competitors last year as they failed to fully benefit from a surge in ...
Feb 08, 2023 (Gmt+09:00)
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Bio & Pharma
Prestige Bio's Herceptin biosimilar proves equivalence in clinical trials
Prestige Biopharma, a South Korean biopharmaceutical developer, said on Tuesday that the final analysis of phase 3 clinical trial on the anti-cancer...
Feb 08, 2023 (Gmt+09:00)
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Earnings
Fintech firm Kakao Pay logs first yearly net profit in 2022
Kakao Pay Corp., the mobile payment service unit of South Korean tech giant Kakao Corp., posted a net profit last year for the first time since its ...
Feb 08, 2023 (Gmt+09:00)
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Aerospace & Defense
Low-cost carriers in S.Korea returning to profitability
South Korea's low-cost carriers (LCC) Jeju Air Co. and Jin Air in the fourth quarter last year each earned operating profit for the first time since...
Feb 08, 2023 (Gmt+09:00)
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Lotte Group to directly control global real estate unit
Lotte Corp., the fifth-largest conglomerate in South Korea, is poised to strengthen its real estate development unit under the direct control of the...
Feb 07, 2023 (Gmt+09:00)
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ESG
HMM joins UNGC to strengthen ESG management
HMM Co., a South Korean container shipping company formerly known as Hyundai Merchant Marine, said on Monday that it has joined the United Nations G...
Feb 07, 2023 (Gmt+09:00)
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Airlines
Jeju Air resumes daily flights to Hanoi, Ho Chi Minh City, Vientiane
South Korea's low-cost carrier Jeju Air Co. said on Monday that it would run daily flights from Korea to Hanoi and Ho Chi Minh City in Vietnam and V...
Feb 07, 2023 (Gmt+09:00)
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Foreign exchange
S.Korea-Australia renew $8.1 bn currency swap deal for 5 years
The Bank of Korea (BOK) and the Australian Central Bank have agreed to extend the valid date of the current Australian dollar/won currency swap cont...
Feb 07, 2023 (Gmt+09:00)
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Robotics
Samsung Electronics to launch its first robot EX1 this year to rival LG
Samsung Electronics Co. will bring its first robot EX1 to market this year to compete with LG Electronics Inc., shifting its focus from traditional ...
Feb 06, 2023 (Gmt+09:00)
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Automobiles
Hyundai GV70 EV to be eligible for US subsidy after classification as SUV
The sport-utility vehicle (SUV) Hyundai Genesis GV70 electric vehicle in the first half of the year is expected to be eligible for subsidies in the ...
Feb 06, 2023 (Gmt+09:00)
Latest News
- 1 Coupang bids for Korean luxury market dominance with Farfetch
- 2 Hyundai Rotem set to finalize $6 bn K2 tank order from Poland
- 3 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 4 Korea to allow non-profits to buy bad consumer loans
- 5 LG to drive future growth in emerging markets with battery prowess