Georgia Department of Economic Development
Scope
Date
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Electric vehicles
Korea resolution on US EV incentives passes parliament
South Korea’s lawmakers on Thursday passed a resolution to officially express its concerns over the US Inflation Reduction Act (IRA) that remo...
Sep 02, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Private equity firms buys shipbuilder Daehan for $150 mn
A South Korean private equity consortium has acquired Daehan Shipbuilding Co., a small-size oil tanker manufacturer, for around 200 billion won ($15...
Sep 01, 2022 (Gmt+09:00)
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Economy
Korea’s record trade deficit adds to downturn concerns
South Korea logged a record monthly trade deficit in August with the longest spree of shortfalls in more than 14 years, while domestic consumption, ...
Sep 01, 2022 (Gmt+09:00)
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Energy
S.Korea to raise nuclear power to one third of energy supply
South Korea plans to increase its proportion of nuclear power to 33% of the country’s energy generation by 2030, while slashing its proportion...
Aug 31, 2022 (Gmt+09:00)
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Webtoons
Naver Webtoon to pursue profitability with more paying subscribers
South Korea’s Naver Webtoon Corp. is seeking to increase the number of its paying subscribers as the company is shifting its business paradigm...
Aug 30, 2022 (Gmt+09:00)
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Electric vehicles
Hyundai asks US state of Georgia for more incentives
Hyundai Motor Co. discussed additional incentives on its planned electric vehicle plant in Georgia with the US state's government as the leading Sou...
Aug 29, 2022 (Gmt+09:00)
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Cryptocurrencies
Crypto exchange Binance to work with Busan on blockchain
Binance, the world’s largest cryptocurrency exchange by trading volume, announced on Friday it had signed a memorandum of understanding (MOU) ...
Aug 26, 2022 (Gmt+09:00)
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Korean games
Com2uS announces plans to build real-life-like metaverse platform
South Korea’s Com2uS Studios, the creator of the popular game Summoners War, said on Thursday it will unveil a real-life-like metaverse platfo...
Aug 25, 2022 (Gmt+09:00)
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Electronics
Samsung Electronics retains top TV vendor status in shrinking market
South Korea’s two home appliances giants – Samsung Electronics Co. and LG Electronics Inc. – dominated the global TV market in the...
Aug 23, 2022 (Gmt+09:00)
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Aerospace & Defense
S.Korean LIG Nex1 to develop jammers against drones from the North
South Korea’s major defense maker LIG Nex1 Co. plans to develop drone jammers that can force small unmanned aerial vehicles (UAVs) to go off c...
Aug 22, 2022 (Gmt+09:00)
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Korean chipmakers
Samsung to invest $15 bn in semiconductor R&D complex
Samsung Electronics Co., the world’s top memory chipmaker, plans to spend 20 trillion won ($15.1 billion) by 2028 on an advanced semiconductor...
Aug 19, 2022 (Gmt+09:00)
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Electric vehicles
SK, SK Energy acquire US energy solution provider Atom Power
SK Inc. and SK Energy announced they have jointly acquired North Carolina-based energy solution enterprise Atom Power Inc. for $150 million.The thre...
Aug 18, 2022 (Gmt+09:00)
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Blockchain
S. Korea's digital asset exchange operators bulk up despite crypto winter
Despite being in crypto winter, or a period in which prices of major cryptocurrencies have slid and stayed low for weeks on end, South Korea's bigge...
Aug 17, 2022 (Gmt+09:00)
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Carbon neutrality
SK Group invests $250 mn in Bill Gates’ nuclear reactor firm TerraPower
South Korea’s SK Group said on Monday it invested $250 million in TerraPower, a US venture founded by billionaire Bill Gates. The holdi...
Aug 16, 2022 (Gmt+09:00)
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Korean games
NCSOFT delays key game launches, darkening H2 outlook
NCSOFT Corp., South Korea’s leading games developer, postponed the releases of key games that could attract new users, clouding its business o...
Aug 12, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Experts criticize Seoul's quantum computer development efforts
The United States: 4158. South Korea: 50These figures refer to the number of qubits in a quantum computer that each country seeks to develop by 2026...
Aug 12, 2022 (Gmt+09:00)
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Banking & Finance
Korea’s BC Card to buy Indonesian IT firm for SE Asia biz growth
BC Card Co., a South Korean financial services provider, agreed to acquire an Indonesian IT company as it expands its businesses into overseas marke...
Aug 12, 2022 (Gmt+09:00)
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Food & Beverage
Kurly enters Singapore grocery market, targeting SE Asia
South Korea’s Kurly Inc., the operator of grocery delivery service Market Kurly, made inroads into Singapore with an aim to expand its busines...
Aug 11, 2022 (Gmt+09:00)
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Korean games
Oasys aims to be blockchain gateway for S.Korean game developers
Singapore-based Oasys has an ambitious goal to revolutionize the gaming industry by making blockchain games cheaper to develop and faster to play &n...
Aug 10, 2022 (Gmt+09:00)
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Bio & Pharma
TiumBio inks licensing deal with China's Hansoh for endometriosis drug
South Korean biotech TiumBio Co. has signed a technology transfer agreement of its endometriosis and uterine myoma treatment candidate with China&rs...
Aug 10, 2022 (Gmt+09:00)
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Food & Beverage
Lotte Chilsung to tie up with startups for vegan drinks
South Korea’s Lotte Chilsung Beverage Co. is set to start the vegan business along with local startups as veganism, or the practice of abstain...
Aug 09, 2022 (Gmt+09:00)
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Real estate
Japan’s multifamily assets shine amid market volatility: Savills IM
Multifamily assets have been a key investment target due to their resilience amid economic volatility. Japan, with the largest real estate market in...
Aug 08, 2022 (Gmt+09:00)
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Artificial intelligence
LG CNS chosen design consultant for Indonesia's $38 bn smart city project
LG CNS Co., a South Korean major information technology service provider, is set to consult on the design of an Indonesian smart city project worth ...
Aug 08, 2022 (Gmt+09:00)
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Korean startups
South Korean firms bullish on hiring developers from India, SE Asia
Travel startup Storicity Inc. tried for a year to find a developer in South Korea – to no avail.But when it expanded its search abroad through...
Aug 08, 2022 (Gmt+09:00)
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Research & Development
Sejong Univ. unveils upgraded biosensor-related technology
South Korea’s Sejong University has developed a technology to sharply reduce the detection time of biomolecules produced by cells and living o...
Aug 04, 2022 (Gmt+09:00)
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Korean games
DeFi platform Neopin unveils plan for Web 3.0, NFT, multichain services
Blockchain firm Neopin announced its strategy to strengthen its foothold in the global DeFi Market on Thursday with four keywords: Web 3.0, multicha...
Aug 04, 2022 (Gmt+09:00)
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Culture & Trends
Chinese game Genshin Impact's summer fest draws large crowds in Seoul
Shanghai-based game developer and publisher miHoYo Co. on Wednesday wrapped up its well-attended week-long Genshin 2022 Summer Festival in Seoul.&nb...
Aug 03, 2022 (Gmt+09:00)
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Korean chipmakers
SK Hynix develops highest density DRAM-based memory system
South Korea’s SK Hynix Inc. said on Monday that it has developed its first double data rate 5 (DDR5) DRAM-based compute express link (CXL) mem...
Aug 01, 2022 (Gmt+09:00)
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Korean startups
Corporate Korea pumps the brakes on developer pay hikes
South Korea’s biggest technology companies are taking a breather from their spending spree on hiring and retaining top developers, which has b...
Aug 01, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Zigbang completes Samsung SDS home IoT takeover
Zigbang, a South Korean proptech startup that provides real estate search and transaction services, has completed the acquisition of Samsung SDS Co....
Jul 28, 2022 (Gmt+09:00)
Latest News
- 1 S.Korea eases path for foreign REITs in senior housing push
- 2 Koramco targets $7 bn bets on Korea data centers
- 3 Lotte Chemical, HD Hyundai seek big deal via merger of naphtha cracking facilities
- 4 South Korea accelerates stablecoin framework in global race
- 5 Lee vows policy overhaul to spur dividend payouts