H Jeju Moving Station
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Asia’s Covid-19 Success Stories Warily Ponder Post-Vaccination Moves
Earlier this month, Singapore reached a Covid-19 milestone: The fully vaccinated portion of the population crossed 80%. But instead of moving ahead wi...
Sep 15, 2021 (Gmt+09:00)
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EV Batteries
NPS to veto SK Innovation’s battery unit split-off
South Korea’s pension fund is set to veto SK Innovation Co. 's plan to split off its battery unit as the move could undermine shareholder valu...
Sep 15, 2021 (Gmt+09:00)
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IPOs
Regulatory moves delay Kakao Group’s IPO plans
Toughening regulations on big tech firms in South Korea are impacting the IPO timeline of Kakao Pay Corp. and Kakao Mobility Corp. According to the ...
Sep 14, 2021 (Gmt+09:00)
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Automobiles
Hyundai mulls robot dog Spot for facility inspector job
South Korea's largest carmaker Hyundai Motor Group is considering employing Spot, the four-legged robot developed by Boston Dynamics Inc., in its ...
Sep 10, 2021 (Gmt+09:00)
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Banking & Finance
Woori Fin to move closer to privatization by year's end
The South Korean government will sell another big chunk of its remaining shares in Woori Financial Group by year's end to finally give up its top sh...
Sep 10, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Samsung sells $1.3 bn stake in China’s BYD, keeps watchers puzzled
Samsung Electronics Co. has sold a 1.6% stake worth 1.5 trillion won ($1.3 billion) in Chinese electric vehicle and rechargeable battery maker BYD C...
Sep 06, 2021 (Gmt+09:00)
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Logistics
SK gas stations to become CJ Logistics micro-fulfillment centers
South Korea’s leading logistics company CJ Logistics Corp. teamed up with SK Energy to aim the domestic quick commerce market, utilizing gas s...
Aug 27, 2021 (Gmt+09:00)
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Economy
Bank of Korea ends 15-mth ultra-easy monetary stance
The Bank of Korea has ended its ultra-easy monetary stance by bumping up the base interest rate by 25 basis points from a record-low 0.5% on Thursda...
Aug 26, 2021 (Gmt+09:00)
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Airlines
Korean Air to retire all A380 jets over 5 years; B787 likely replacements
Korean Air Lines Co. (KAL) will retire its superjumbo fleet of 10 A380 passenger jets over the next five years, a move the South Korean flag carrier...
Aug 20, 2021 (Gmt+09:00)
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Cryptocurrencies
Overseas crypto exchanges end Korean services ahead of rule tightening
Overseas cryptocurrency exchanges are ending their Korean services, including language support as well as trading and payments in Korean won, as Sou...
Aug 17, 2021 (Gmt+09:00)
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Retail
Shinsegae’s omnichannel strategy drives up share prices of key affiliates
South Korean retail conglomerate Shinsegae Group’s key affiliates are enjoying upward revaluation of share prices. Not only the market is faci...
Aug 17, 2021 (Gmt+09:00)
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M&As
LG Group to put facility management unit of S&I Corp. up for sale
South Korea’s LG Group will put the facility management division of its affiliate S&I Corp. up for sale amid talk that a sale of the unit ...
Aug 06, 2021 (Gmt+09:00)
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The Deep Dive
Growing pains: Korea’s smaller crypto exchanges face shutdown
In mid-July, a small obscure South Korean cryptocurrency exchange posted a notice on its website at midnight, saying it is suspending trading of 57 ...
Aug 05, 2021 (Gmt+09:00)
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Batteries
POSCO to build $200 mn nickel refining plant to ramp up battery materials
POSCO, the world’s fifth-largest steelmaker by output, said on Wednesday it is spending 230 billion won ($200 million) to build a nickel sulfa...
Jul 28, 2021 (Gmt+09:00)
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EV Batteries
Samsung SDI to build EV battery plant in US
Samsung SDI Co. plans to set up an electric vehicle (EV) battery plant in the US, joining South Korean battery producers’ move to gain ground ...
Jul 27, 2021 (Gmt+09:00)
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ESG
LG Display to power all offices with 100% renewable energy
LG Display Co., a major South Korean display panel maker, said on Monday it is shifting to 100% renewable energy to power all its business offices i...
Jul 26, 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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IPOs
Kakao Pay delays IPO following regulator request to refile prospectus
Kakao Pay Corp., the digital settlement platform unit of South Korea’s top messaging app operator Kakao Corp., is delaying its planned initial...
Jul 20, 2021 (Gmt+09:00)
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Mergers & Acquisitions
KDB seeks to sell $2.3 bn CBs in HMM to lay groundwork for stake sale
The state-run Korea Development Bank (KDB) is seeking to sell 2.6 trillion won ($2.3 billion) in perpetual convertible bonds issued by HMM Co., th...
Jul 19, 2021 (Gmt+09:00)
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Hydrogen economy
Lotte Chemical goes green with $3.8 bn investment in hydrogen business
South Korea’s Lotte Chemical Corp. is investing 4.4 trillion won ($3.8 billion) in hydrogen projects by 2030 to foster the business as a new g...
Jul 13, 2021 (Gmt+09:00)
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Airlines
Cash-strapped Korean LCCs to bolster capital: Jeju Air to raise $175 mn
Jeju Air Co., South Korea’s largest low-cost carrier (LCC), seeks to raise some $175 million in new shares to boost its capital base, raising ...
Jul 08, 2021 (Gmt+09:00)
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Tech, Media & Telecom
Hyundai Motor to adopt digital twin in latest move of virtual technology use
Hyundai Motor Group plans to adopt digital twin technology, which allows the automaker to make a digital replica of a real car for simulation not ...
Jul 05, 2021 (Gmt+09:00)
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Entertainment
HYBE CEO steps down to focus on music production
BTS agency HYBE’s founder Bang Si-hyuk will resign from his position as CEO to focus on music production. HYBE said that Bang will remain as c...
Jul 02, 2021 (Gmt+09:00)
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IPOs
SK REIT to raise $266 million via Kospi IPO in second half
SK Inc.’s real estate investment trust (REIT) affiliate plans to raise as much as 300 billion won ($266 million) via an initial public offerin...
Jun 30, 2021 (Gmt+09:00)
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Markets
Bain report renews debate on alternative trading system in Korea
With South Korea’s stock markets maintaining bullish momentum this year, debate about setting up an alternative trading system (ATS) in the co...
Jun 28, 2021 (Gmt+09:00)
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Biotech
Seegene develops one-stop COVID-19 testing lab on wheels; eyes MENA expansion
South Korea-based diagnostic kit maker Seegene Inc. has developed a mobile diagnostic and testing lab that offers a one-stop solution for COVID-19 t...
Jun 25, 2021 (Gmt+09:00)
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Markets
Short-selling ban keeps Korea from MSCI’s developed-markets index
South Korea is unlikely to obtain the global index provider MSCI’s developed-market status this year with the Korean government’s decisi...
Jun 22, 2021 (Gmt+09:00)
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Healthcare
KT makes another step beyond telecom, enters digital therapy sector
The telecom companies in South Korea, one after another, are taking bold steps outside their traditional turf of mobile business. They are eng...
Jun 15, 2021 (Gmt+09:00)
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Organizational restructuring
SKT to spin off; 5-for-1 stock split in November
South Korea’s largest mobile carrier SK Telecom Co. is moving forward with its spin-off plan announced in April. SK Telecom held a board meeti...
Jun 10, 2021 (Gmt+09:00)
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Entertainment
HYBE raises $400 mn in a move to diversify BTS-dependent portfolio
HYBE Co., the global entertainment powerhouse behind BTS, has successfully closed its previously announced rights offering to raise 445.5 billion wo...
Jun 03, 2021 (Gmt+09:00)
language
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