India EV market
Scope
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Automobiles
Hyundai Mobis mass produces glove compartment for EVs
South Korea's Hyundai Mobis has developed an innovative glove compartment optimized for electric vehicles (EV) for use in the large sport utility EV...
Aug 02, 2023 (Gmt+09:00)
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Automobiles
S.Korean carmakers post brisk sales on strong exports in July
South Korea's car sector posted strong sales last month as favorable exports offset the sluggish domestic market.Industry sources on Tuesday said th...
Aug 02, 2023 (Gmt+09:00)
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Fintech
Naver Pay to enter Chinese payment market in 2023
South Korea's Naver Financial announced plans on Tuesday to bring its simple payment service, Naver Pay, to the Chinese market by the end of this ye...
Aug 01, 2023 (Gmt+09:00)
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Automobiles
KG Mobility to launch electric SUV Torres EVX in September
South Korea's KG Mobility Corp., formerly Ssangyong Motor, announced on Monday that it has confirmed the release of the electrified version of its s...
Jul 31, 2023 (Gmt+09:00)
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Batteries
Doosan secures $392 mn in cumulative PFC orders
South Korea's Doosan Corp. announced on Monday that it has accumulated 500 billion won ($392 million) in orders for its patterned flat cable (PFC), ...
Jul 31, 2023 (Gmt+09:00)
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Leadership & Management
S.Korea's HD Hyundai chairman: We can’t rely on bad profits
Kwon Oh-gap, chairman and co-CEO of South Korea's HD Hyundai Co., has ordered his company not to rely on “bad profits” gained from tempo...
Jul 31, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Hanwha Group puts savings bank on market, a clear succession path
Hanwha Group, South Korea’s chemicals-to-defense conglomerate, has put its non-core financial unit Hanwha Savings Bank up for sale, in a move ...
Jul 28, 2023 (Gmt+09:00)
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Batteries
Doosan to enter EV sector with battery recycling business
South Korea’s major power plant builder Doosan Enerbility Co. plans to set up a battery recycling subsidiary, targeting the sector expecting r...
Jul 28, 2023 (Gmt+09:00)
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Bio & Pharma
S.Korea’s aid service Boram Group enters companion animal market
South Korea’s Boram Group, whose main affiliate is an aid company, has entered the companion animal market. Affiliates Boram Sangjo and ...
Jul 28, 2023 (Gmt+09:00)
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Earnings
LG Energy lifts sales guidance; Samsung SDI sees firm growth
South Korean electric vehicle battery maker are offered upbeat market outlooks, gaining structural growth momentum through strong competitiveness wi...
Jul 27, 2023 (Gmt+09:00)
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Electric vehicles
Hyundai Motor eyes EV charger alliance in US to take on Tesla
South Korea’s Hyundai Motor Co. and Kia Corp. are planning to join BMW, General Motors, Honda Motor, Mercedes-Benz and Stellantis to collectiv...
Jul 27, 2023 (Gmt+09:00)
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Earnings
Kia revises up 2023 OP target after record Q2 earnings, to expedite EV push
Kia Corp. has revised upwards its operating profit target for this year to up to 12 trillion won ($9.4 billion) after reporting its best-ever quarte...
Jul 27, 2023 (Gmt+09:00)
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Bio & Pharma
Kolon Pharma, Dongbang Medical to export medical threads to Brazil
Kolon Pharma, the pharmaceutical affiliate of South Korea's Kolon Group, announced on Thursday that it has signed a business agreement with Dongbang...
Jul 27, 2023 (Gmt+09:00)
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Batteries
OCI makes foray into battery materials market
South Korea's chemical and green energy company OCI has entered the battery materials market by landing a supply contract for key raw materials for ...
Jul 27, 2023 (Gmt+09:00)
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Logistics
CJ Logistics to enter global pharmaceutical transportation market
South Korea’s CJ Logistics on Wednesday said it obtained the certification CEIV Pharma, or the Center of Excellence for Independent Validators...
Jul 26, 2023 (Gmt+09:00)
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Tech, Media & Telecom
SK Telecom enters cloud managed service provider market
South Korea's SK Telecom Co. will aggressively enter the cloud market by providing differentiated services based on its nationwide communication net...
Jul 26, 2023 (Gmt+09:00)
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Bio & Pharma
Raphas microneedle passes US FDA's cGMP inspection
South Korea's microneedle maker Raphas Co. announced on Wednesday that it has passed the Current Good Manufacturing Practice (cGMP) inspection by ...
Jul 26, 2023 (Gmt+09:00)
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Bio & Pharma
Huons’ overseas market expansion leads to record-high sales
South Korea's Huons Group is continuing its record-breaking performance while expanding its influence in the global market.According to Huons Group ...
Jul 25, 2023 (Gmt+09:00)
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Batteries
LG Energy Solution expands cobalt supply deal with Canada’s Electra
LG Energy Solution Ltd. has signed a long-term contract to receive additional refined cobalt from Electra Battery Materials Corp. in Canada, in a mo...
Jul 25, 2023 (Gmt+09:00)
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Korean stock market
POSCO affiliates’ shares surge; market cap rises threefold in 5 years
Shares of POSCO Group affiliates are flying high with the steelmaker rapidly transforming into a battery materials manufacturer, riding the industry...
Jul 24, 2023 (Gmt+09:00)
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Automobiles
EV6, GV60 outperform global peers in Auto Bild’s EV tests
Hyundai Motor Group’s electrification push under the direction of its Chairman Chung Euisun is more than paying off, with a slew of worldwide ...
Jul 24, 2023 (Gmt+09:00)
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Bio & Pharma
S.Korea's NGeneBio establishes US corporation NGeneBioAI
South Korean medical diagnostic company NGeneBio Co. announced on Monday that it has established an artificial intelligence (AI) precision diagnosti...
Jul 24, 2023 (Gmt+09:00)
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Upcoming IPOs
Fabless FADU taps institutional demand to raise about $151 mn
FADU Technology, the first unicorn in South Korea’s semiconductor sector, has embarked on a process to raise up to 193.8 billion won ($151 mil...
Jul 24, 2023 (Gmt+09:00)
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Banking & Finance
S.Korea's BC Card to enter Kyrgyz payment market
South Korea's BC Card will make a full-fledged entry into the Central Asian payment market by establishing a card payment joint venture in Kyrgyzsta...
Jul 24, 2023 (Gmt+09:00)
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Automobiles
No subsidy, no problem: Hyundai, Kia make top 10 US list for EV sales
Hyundai Motor Co. and Kia Corp. in the first half of the year were among the top 10 in sales of battery electric vehicles (EVs) in the US despite re...
Jul 24, 2023 (Gmt+09:00)
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Energy
SK E&S opens representative office in Vietnam
South Korea's renewable energy company SK E&S is speeding up the expansion of its global eco-friendly power generation business by opening a rep...
Jul 24, 2023 (Gmt+09:00)
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Batteries
POSCO Future M spurs single-crystal cathode production
GWANGYANG – POSCO Future M Co., the battery materials unit under South Korean steel giant POSCO Holdings Inc., is spurring production of singl...
Jul 23, 2023 (Gmt+09:00)
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Fashion
S.Korea’s Brand X establishes Taiwanese corporation
South Korea's media and e-commerce company Brand X Corp. announced on Friday that it has established a Taiwanese corporation. The move seeks to ampl...
Jul 21, 2023 (Gmt+09:00)
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Webtoons
Kakao Piccoma tops in Japanese app market sales in H1 2023
Kakao Piccoma, a Japanese subsidiary of Kakao Japan Corp. and the global leading webtoon platform achieved the top position in the first half of 202...
Jul 21, 2023 (Gmt+09:00)
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Bio & Pharma
SK Chemicals to supply diabetes drugs to AstraZeneca Korea
SK Chemicals Co., a South Korean chemicals maker and drug developer, said on Thursday it has signed a contract to supply diabetes medications to glo...
Jul 20, 2023 (Gmt+09:00)
Latest News
- 1 Hyundai Steel to displace Baoshan as GM Korea's supplier
- 2 S.Korea’s No.1 dried seaweed firm Kwangcheonkim up for sale for $295 mn
- 3 BOK chief warns against aggressive policy rate cuts, sees need for fiscal stimulus
- 4 S.Korea eases path for foreign REITs in senior housing push
- 5 Koramco targets $7 bn bets on Korea data centers