Government of South Australia
Scope
Date
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Korean startups
SentBe, back from brink of collapse to play in major league
SentBe, a South Korean fintech startup operating a personal international remittance app of the same name, is readying to play in the bigger global ...
Mar 08, 2023 (Gmt+09:00)
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Business & Politics
Hanwha hires former Biden confidant as US government affairs chief
WASHINGTON D.C. – South Korea’s chemicals-to-defense conglomerate Hanwha Group has hired Danny O’Brien, a top aide to US President...
Mar 08, 2023 (Gmt+09:00)
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Banking & Finance
KEXIM bank inks $6 billion financing deal with Aramco
The Export-Import Bank of Korea said on Tuesday it has signed a three-year framework agreement with Saudi Arabian Oil Co.(Aramco), to provide up to ...
Mar 08, 2023 (Gmt+09:00)
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Automobiles
South Korean tire makers raise prices despite weak sales
South Korea’s three largest tire makers are raising product prices despite their weak sales in anticipation of an imminent market rebound amid...
Mar 03, 2023 (Gmt+09:00)
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Automobiles
Hyundai's Namyang R&D Center acquires safety management certification
Hyundai Motor Group announced on Friday that the polymer materials analysis lab and the metal component analysis lab in the Basic Materials Research...
Mar 03, 2023 (Gmt+09:00)
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Automobiles
Hyundai autoworker: Dream job for many South Koreans
In South Korea, blue-collar work has for decades been shunned by job seekers because of the hard manual labor as well as the widely held perception ...
Mar 02, 2023 (Gmt+09:00)
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Bio & Pharma
Daewoong’s Nabota expands into Germany, Austria
South Korean drugmaker Daewoong Pharmaceutical Co. said on Tuesday it had launched its botulinum toxin product Nabota in Germany and Austria through i...
Mar 02, 2023 (Gmt+09:00)
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Korean startups
dConstruct Robotics becomes 2nd foreign startup to win at D.Day
South Korea’s decade-old startup pitch competition D.Day has picked Singapore-based mobile robotics application developer dConstruct Robotics ...
Feb 27, 2023 (Gmt+09:00)
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Bio & Pharma
SillaJen starts US trial of anti-cancer drug from Basilea
SillaJen Inc. said on Monday it has enrolled the first patient in a US phase 1 trial of an anti-cancer drug BAL0891 licensed from Swiss drugmaker Ba...
Feb 27, 2023 (Gmt+09:00)
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Automobiles
GM Korea begins mass production of Trax crossover
General Motors Korea announced on Sunday that it celebrated the start of mass production of the Chevrolet Trax Crossover, a new utility vehicle, at ...
Feb 27, 2023 (Gmt+09:00)
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Debt financing
Affinity refinances $130 mn debt as Burger King sale delayed
Affinity Equity Partners has refinanced 170 billion won ($130 million) in debt borrowed to acquire Burger King’s operations in South Korea and...
Feb 24, 2023 (Gmt+09:00)
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Travel & Leisure
Yanolja becomes Korea's first company to join UAE's Global Unicorn Center
South Korea's Yanolja Co. a leisure booking platform company, announced on Thursday that it has become the first Korean company to join the Global U...
Feb 23, 2023 (Gmt+09:00)
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Aerospace & Defense
S.Korea to spur defense sector tech with $1.5 bn R&D investment
South Korea plans to accelerate growth in the defense industry, a future growth engine of Asia’s fourth-largest economy, by investing more tha...
Feb 23, 2023 (Gmt+09:00)
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Economy
S.Korea hits historic low fertility rate in 2022, adding to economic woes
South Korea saw its fertility rate, which has been already the world’s lowest in the past few years, hit its historic low of 0.78 last year, a...
Feb 22, 2023 (Gmt+09:00)
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Energy
SK Materials joins forces with ExxonMobil in blue ammonia sector
South Korea's SK Materials will enter the blue ammonia market in partnership with global energy giant ExxonMobil.SK Materials on Wednesday said it s...
Feb 22, 2023 (Gmt+09:00)
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Batteries
SK On resumes Ford F-150 Lightning battery production line
SK On Co., the world’s fifth-largest battery maker, on Monday resumed operations of the cell production line for Ford Motor Co.’s electr...
Feb 21, 2023 (Gmt+09:00)
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Steel
POSCO decides to build electric furnace at Gwangyang Works
South Korea’s leading steelmaker POSCO on Tuesday said it will begin its transition to a low-carbon production system by building an electric ...
Feb 21, 2023 (Gmt+09:00)
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Food & Beverage
Kyochon sets sights on Western expansion with Canadian franchise deal
Kyochon F&B, the operator of South Korea's premier fried chicken brand Kyochon Chicken, said on Tuesday that it has secured a master franchise a...
Feb 21, 2023 (Gmt+09:00)
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Tech, Media & Telecom
KT succeeds in developing core equipment for 5G-specialized networks
KT Corp., a South Korean telecom service operator, has successfully developed equipment that embodies the core technology of 5G-specialized networks...
Feb 21, 2023 (Gmt+09:00)
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Fintech
Samsung Electronics, Naver partner to create simple payment service
Samsung Electronics Co. and South Korea's Naver Financial have formed a simple payment service alliance in which users of Samsung Pay can make simpl...
Feb 21, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung ‘demanding customer’ for ASML as orders rise
VELDHOVEN, Netherlands – South Korea’s Samsung Electronics Co. is a “demanding customer” for the Netherlands-based ASML Hold...
Feb 20, 2023 (Gmt+09:00)
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Korean startups
Blind revamps job matching service to rival LinkedIn
Teamblind Inc., the developer of South Korea’s homegrown anonymous professional community app Blind, will reach out to a broader job-seeking p...
Feb 20, 2023 (Gmt+09:00)
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Tech, Media & Telecom
LG Uplus, Ecorbit to build smart safety solution at waste disposal site
LG Uplus Corp., a South Korean mobile telecom service carrier, announced on Monday that it is deploying a smart safety solution at waste disposal co...
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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Economy
S.Korea confirms economic slowdown, recession concerns loom
The South Korean finance ministry on Friday confirmed that the country’s economy has slowed, mired in stubbornly high inflation and sluggish e...
Feb 17, 2023 (Gmt+09:00)
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Batteries
S.Korea's battery industry looks for staff fluent in European languages
South Korea's battery companies are seeking human resources fluent in the languages and familiar with the cultures of countries where plants are loc...
Feb 17, 2023 (Gmt+09:00)
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Aerospace & Defense
S.Korea to lure global talent with high pay for space agency
South Korea is set to attract global talent with high salaries for a planned government space agency as the country aims to boost long-term growth i...
Feb 16, 2023 (Gmt+09:00)
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Bio & Pharma
AIMMED’s Somzz ushers in digital therapeutic device market in Korea
South Korea’s health and drug safety authority has cleared Somzz to treat patients with sleep disorders, a dynamic move that is expected to vi...
Feb 16, 2023 (Gmt+09:00)
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Airlines
Lotte Hotel forms new mileage partnership with Singapore Airlines
On Wednesday, Lotte Hotels & Resorts announced its new mileage partnership with Singapore Airlines, marking the hotel group's first international ...
Feb 16, 2023 (Gmt+09:00)
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Tech, Media & Telecom
LG Innotek targets XR device market with new substrate
South Korea’s LG Innotek Co. aims to lead the market for components of the extended reality (XR) device industry, which is expected to surge b...
Feb 15, 2023 (Gmt+09:00)
Latest News
- 1 POSCO Future M breaks with China in cathode supply chain
- 2 GIC resumes Seoul Finance Center sale in potential mega deal
- 3 South Korea’s Lee, China’s Xi agree on closer ties, peace on Korean Peninsula
- 4 Invesco, SK D&D likely to buy co-living building in Seoul
- 5 Coupang bids for Korean luxury market dominance with Farfetch