GS Home Shopping
Scope
Date
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Tech, Media & Telecom
Apple adds LG Elec to iPhone vendor list in Korea
LG Electronics Inc. will begin to sell Apple Inc.'s iPhone at its retail stores across South Korea from mid-August, as the Korean home appliance mak...
Jul 29, 2021 (Gmt+09:00)
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Korean startups
Metaverse platform Maxst makes strong debut on Kosdaq
South Korea-based metaverse platform Maxst Co. made a strong debut on the country’s tech-heavy junior bourse Kosdaq on July 27 with its share ...
Jul 27, 2021 (Gmt+09:00)
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Korean startups
AI startup DevUnlimit gamifies home fitness to offer stress-free exercise
South Korea-based fitness content startup DevUnlimit Inc. has developed an artificial intelligence-based fitness platform that gamifies exercise rou...
Jul 27, 2021 (Gmt+09:00)
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Future mobility
GS Group invests $26 mn in Kakao Mobility
South Korea’s GS Group has invested 30 billion won ($26 million) in Kakao Mobility Corp. to fast forward its energy unit’s transition to...
Jul 26, 2021 (Gmt+09:00)
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Mergers & Acquisitions
GS Energy to sell half of thermal power plant unit to IMM
GS Energy Corp., an intermediate holding company of South Korea's GS Group, is in the final stages of talks to sell a 50% stake in its wholly-owned ...
Jul 23, 2021 (Gmt+09:00)
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Earnings
Naver to boost content, shopping businesses in Q4 via Shinsegae alliance
South Korea’s top portal operator Naver Corp. plans to beef up its shopping and content businesses in the second half of this year, backed by ...
Jul 22, 2021 (Gmt+09:00)
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E-commerce
Shinsegae-Naver alliance to sell local-themed meal kits as first collaboration
Shinsegae Group and Naver Corp. have jointly devised their first retail business model in about four months after their long-term business agreement...
Jul 20, 2021 (Gmt+09:00)
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M&As
Affinity, GS Retail likely to acquire Korean delivery platform Yogiyo
A consortium led by global investment firm Affinity Equity Partners is the most likely candidate to acquire South Korea’s second-largest food ...
Jul 15, 2021 (Gmt+09:00)
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Cosmetics
Strong China sales lift Cosmax shares 20% in two months
Korea’s leading cosmetics manufacturer Cosmax Inc.’s share price is skyrocketing this year, thanks to the company's strong performance i...
Jul 13, 2021 (Gmt+09:00)
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Earnings
LG Electronics flags highest Q2 operating profit in 12 years
LG Electronics Inc. on Wednesday reported a likely 66% jump in its second-quarter operating profit on the back of strong pent-up demand for home app...
Jul 07, 2021 (Gmt+09:00)
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Electronics
LG Electronics sees decent growth in US home appliance business
South Korea’s LG Electronics Inc. expects to post significant revenue growth in its home appliance business in the second quarter, driven by p...
Jul 06, 2021 (Gmt+09:00)
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Advertising & Marketing
Paint makers lure MZers with YouTube stars, fashion brand
A car pulls in front of an old warehouse. In funky and vivid outfits and holding various tools in their hands, five boys and girls from the Ambiguou...
Jul 05, 2021 (Gmt+09:00)
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Tech, Media & Telecom
Samsung, Hanwha Q Cells to offer IoT home energy solutions in US, EU
Samsung Electronics Co. and South Korea’s leading solar panel maker Hanwha Q Cells Co. have joined hands to provide smart home energy solution...
Jul 05, 2021 (Gmt+09:00)
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Pharmaceuticals
GS Group joins race to acquire Korea’s botox maker Hugel
A consortium led by South Korea’s GS Group is in talks to acquire a controlling stake in Hugel Inc., the country’s top maker of botulinu...
Jun 28, 2021 (Gmt+09:00)
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ESG
GS Caltex marks Korea’s first company to buy carbon-neutral crude oil
GS Group has become South Korea’s first business group to purchase carbon-neutral crude oil, in a move to strengthen its ESG efforts.South Kor...
Jun 17, 2021 (Gmt+09:00)
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Energy
GS Energy to create renewable JV with Spain’s Iberdrola
South Korea’s leading oil and gas company GS Energy Corp., a wholly-owned subsidiary of GS Holdings, and Spain’s largest utility company...
Jun 16, 2021 (Gmt+09:00)
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Korean startups
Shopping app Ably raises another $55 mn
South Korea-based Ably Co., operator of the fashion app Ably, announced on Jun. 2 that it has raised 62 billion won ($55.7 million) in a Series B ex...
Jun 02, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Heated shopping platform M&As shake up fashion industry
South Korea's fashion industry is all shook up following the No. 1 online fashion platform Musinsa's decision to acquire 29CM, the country’s s...
May 10, 2021 (Gmt+09:00)
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Steel
Color coated steel shines in style on Samsung, LG home appliances
At Dongkuk Steel Mill Co.’s main plant in Busan, some 430 km southeast of Seoul, huge rollers churning out colorful sheets never stop except w...
May 09, 2021 (Gmt+09:00)
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Korean startups
Korea Credit Data raises over $35 mn from Pavilion, GS, KB Bank
South Korea-based fintech firm Korea Credit Data (KCD) has raised around 40 billion won ($36 million) from Singapore-based private equity firm Pavil...
Apr 20, 2021 (Gmt+09:00)
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Revenue rankings
LG Electronics set to overtake Whirlpool as top home appliance maker
South Korea’s LG Electronics Inc. will likely post its best-ever sales revenue for its home appliance business this year, overtaking Whirlpool...
Apr 20, 2021 (Gmt+09:00)
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E-commerce
Live commerce app Grip aims to take over the world via shopping
There's an app where users can shop as if they're video chatting with their friends. How does this work? A seller will introduce products via livest...
Apr 14, 2021 (Gmt+09:00)
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Electronics
Bespoke home goods' evolution from color to function
Refrigerators, washing machines and air conditioners became known as white goods because originally they mainly came in white. Eventually, they were...
Apr 12, 2021 (Gmt+09:00)
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Electronics
Cuckoo home appliances post record sales in US, Vietnam
South Korea’s leading kitchen appliances maker Cuckoo Holdings Co. has posted record growth in overseas sales, largely driven by successes i...
Apr 05, 2021 (Gmt+09:00)
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Venture capital
GS Galtex to partner with Kakao for mobility services
South Korea's GS Caltex Corp., aiming to become a logistics platform, will invest around 30 billion won ($26 million) in Kakao Mobility Corp. to str...
Mar 31, 2021 (Gmt+09:00)
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Future mobility
GS Caltex to showcase drone delivery, future gas stations at CES 2021
GS Caltex Corp., a South Korean oil refiner aiming to become a serious logistics player by navigating hard-to-access areas for delivery, is looking ...
Jan 07, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Delivery Hero welcomes Baemin, seeks new home for Yogiyo
Germany-based online food delivery service Delivery Hero SE will sell off its prized South Korean business, Yogiyo, the country's second-largest...
Dec 28, 2020 (Gmt+09:00)
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Fiber & Textile
Hyosung to expand spandex capacity on home clothing demand
Hyosung TNC Corp, the world’s largest spandex manufacturer, will spend $36 million to nearly double its production capacity in Brazil to mee...
Dec 03, 2020 (Gmt+09:00)
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Korean startups
Home interior platform nears unicorn status via $70mn funding
South Korea-based startup Bucketplace, an operator of home interior app OHouse, has raised $77 million in Series C funding, moving a step closer to ...
Nov 23, 2020 (Gmt+09:00)
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Mergers & Acquisitions
GS Retail, Home Shopping merge to become retail giant
South Korean conglomerate GS Holdings has decided to merge two of its retail units — the country's No. 1 convenience store chain operator and a ...
Nov 11, 2020 (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