Hwanyu State Guest Set
Scope
Date
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Cloud computing
KT Cloud, DigitalBridge join hands for data center biz in Korea
KT Cloud Co., the cloud computing unit under South Korea’s second-largest mobile carrier KT Corp., and US infrastructure investment firm Digit...
Mar 24, 2023 (Gmt+09:00)
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Electronics
Samsung sets ambitious sales target for home appliances
Samsung Electronics Co. has beefed up its lineup of premium Bespoke home appliances with improved energy efficiency, artificial intelligence-enabled...
Mar 22, 2023 (Gmt+09:00)
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Bio & Pharma
Boryung, Axiom Space to set up JV to explore space healthcare options
South Korea's Boryung Corp., just decades ago a mom-and-pop pharmacy, will bring its healthcare expertise to space with Axiom Space Inc., a US comme...
Mar 21, 2023 (Gmt+09:00)
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Aerospace & Defense
Elon Musk’s SpaceX set for tie-up with KT SAT for Starlink service in Korea
SpaceX, the rocket and spacecraft manufacturer founded by Tesla Inc. Chief Executive Elon Musk, will likely join forces with KT Corp. to lau...
Mar 21, 2023 (Gmt+09:00)
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Batteries
Hanwha Solutions secures 9.7% stake in US battery materials company
Hanwha Solutions Corp., a South Korean company focused on energy services, petrochemicals and real estate development, recently acquired a 9.73% sta...
Mar 20, 2023 (Gmt+09:00)
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Mergers & Acquisitions
MBK to acquire Korea’s top FCCL maker NexFlex for $407 mn
MBK Partners agreed to buy NexFlex Co., South Korea’s top flexible copper-clad laminates (FCCL) producer, as the leading Northeast Asian priva...
Mar 17, 2023 (Gmt+09:00)
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Business & Politics
Korean Chips Act set to pass parliament in March; coverage expanded
South Korea’s answer to the US CHIPS and Science Act is on course for National Assembly approval by the end of this month as the ruling and op...
Mar 17, 2023 (Gmt+09:00)
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Batteries
Korea EV cell makers unveil new products to expand market
South Korea’s electric vehicle battery makers on Wednesday unveiled prototypes of new products, especially lithium iron phosphate (LFP) models...
Mar 16, 2023 (Gmt+09:00)
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Korean startups
Sales of state-sponsored Korean startups up 40% in 2022
South Korean startups sponsored by the government’s information and communication technology acceleration program, dubbed K-Global Project, sa...
Mar 16, 2023 (Gmt+09:00)
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Electric vehicles
Kia unveils flagship EV9 design; world premiere in March
Kia Corp. on Wednesday showcased its large flagship electric sport utility vehicle EV9 as the No. 2 South Korean carmaker is extending its EV lineup...
Mar 15, 2023 (Gmt+09:00)
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Energy
Hanwha Energy sells Spanish solar plant project to Irish firm
South Korean energy company Hanwha Energy Corp. said on Wednesday that it had sold a solar power plant project in Spain to Amarenco Solar, an Irish ...
Mar 15, 2023 (Gmt+09:00)
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Sovereign wealth funds
S.Korean sovereign wealth fund KIC to set up Mumbai office
Sovereign wealth fund Korea Investment Corporation (KIC) has kicked off procedures to open a Mumbai-based office later this year, The Korea Economic...
Mar 14, 2023 (Gmt+09:00)
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Batteries
Samsung SDI to showcase solid-state battery tech at InterBattery 2023
South Korea's leading secondary battery maker Samsung SDI Co. has announced its participation in Korea's largest battery exhibition, InterBattery 20...
Mar 14, 2023 (Gmt+09:00)
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Metaverse
S.Korea's Krafton, Naver to set up JV for metaverse services in H1
Krafton Inc., a leading game developer in South Korea, is slated to establish a joint venture with Naver Z Corp., a metaverse unit of the country&rs...
Mar 13, 2023 (Gmt+09:00)
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Mergers & Acquisitions
HYBE withdraws bid for SM in $1 bn battle with Kakao
South Korea's HYBE Co., the company behind the global sensation BTS, said on Sunday it has decided to pull out of the face-off with Kakao Corp. for ...
Mar 12, 2023 (Gmt+09:00)
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Batteries
LG Energy, SK On to showcase LFP battery prototypes at InterBattery 2023
LG Energy Solution Ltd. and SK On Co. will showcase their lithium iron phosphate (LFP) battery prototypes next week, as the two South Korean battery...
Mar 09, 2023 (Gmt+09:00)
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Energy
S.Korea's LS Materials set to boost earnings ahead of IPO process
LS Materials Co., a South Korean energy storage devices maker, is slated to ramp up earnings to accelerate its initial public offering process this ...
Mar 07, 2023 (Gmt+09:00)
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Food & Beverage
US burger giant Five Guys set for June S.Korea debut
Five Guys, one of the top three burger brands in the US, will open in June its first branch in South Korea in Seoul’s posh Gangnam District. W...
Mar 07, 2023 (Gmt+09:00)
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Travel & Leisure
KTO promotes travel to Korea in ITB Berlin
The Korea Tourism Organization announced on Monday its participation in ITB Berlin 2023, the world's largest tourism fair held in Berlin, Germany, f...
Mar 07, 2023 (Gmt+09:00)
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Sovereign wealth funds
S.Korea's KIC to strengthen responsible investments
Korea Investment Corporation (KIC) plans to actively voice its opinions on portfolio companies' management over the next two years to tighten its re...
Mar 06, 2023 (Gmt+09:00)
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Bio & Pharma
Celltrion ex-Chairman Seo set to return to management; group stocks rally
South Korea’s biosimilar giant Celltrion Group’s founder and Honorary Chairman Seo Jung-jin is readying to return to management just two...
Mar 03, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Korea's KSOE wins order for 3 LNG carriers at $770 mn
Korea Shipbuilding & Offshore Engineering, a shipbuilding holding company of HD Hyundai Group, has secured a contract for liquefied natural gas ...
Mar 03, 2023 (Gmt+09:00)
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Food & Beverage
S.Korea's KGC to spur ginseng sales in China with state-run CR Group
Korea Ginseng Corp. (KGC), wholly owned by South Korean tobacco giant KT&G Corp., is set to accelerate sales of its ginseng products across Chin...
Mar 02, 2023 (Gmt+09:00)
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Earnings
Korean e-commerce Coupang logs profits in Q3-Q4 2022
South Korean e-commerce giant Coupang Inc. achieved record-high yearly revenue and operating profits for two consecutive quarters between July to De...
Mar 01, 2023 (Gmt+09:00)
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Retail
China's CDFG targets duty free operation at Incheon Airport
China Duty Free Group Co. (CDFG), the only state-owned duty free business manager in China, has joined a bid alongside four South Korean retail gian...
Feb 27, 2023 (Gmt+09:00)
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Batteries
Samsung leader eyes solid-state batteries as future growth engine
Samsung Group appears set to up its investment in solid-state batteries, a game changer in the electric vehicle sector, as South Korea’s top c...
Feb 27, 2023 (Gmt+09:00)
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Aerospace & Defense
Korea's SeAh poised to supply satellite parts to SpaceX
SeAh Changwon Integrated Special Steel Co. is in negotiations with SpaceX to supply steel used for rockets and satellites to become South Korea's fi...
Feb 27, 2023 (Gmt+09:00)
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Mergers & Acquisitions
EQT Partners to acquire S.Korea’s SK Shieldus for $2.3 bn
EQT Partners AB, the world’s third-largest private equity firm, is poised to buy a controlling stake in South Korean security service provider...
Feb 26, 2023 (Gmt+09:00)
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Batteries
Ford, LG Energy to build Turkey EV battery plant for Europe
US automaker Ford Motor Co. and South Korean battery manufacturer LG Energy Solution Ltd. are targeting the electric commercial vehicle sector in Eu...
Feb 22, 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)
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