KT Paperless platform
Scope
Date
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IPOs
E-book platform Millie's Library drops IPO plan on tepid market interest
South Korean e-book platform Millie’s Library dropped its listing plan on Nov. 8 due to tepid demand from institutional investors, marking the...
Nov 09, 2022 (Gmt+09:00)
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Earnings
KT posts highest Q1-Q3 operating profit since 2012
KT Corp., South Korea’s major telecommunications firm, posted 1.5 trillion won ($1.1 billion) in cumulative operating profit for the first thr...
Nov 08, 2022 (Gmt+09:00)
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Healthcare
KT adds partner to expand Vietnam digital healthcare biz
KT Corp., a major South Korean telecom operator, has teamed up with another local company to expand its digital healthcare business in Vietnam furth...
Nov 07, 2022 (Gmt+09:00)
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Mergers & Acquisitions
S.Korea's LS Cable to become KT Submarine's largest shareholder
South Korea’s leading cable manufacturer LS Cable & System Ltd. is poised to become the largest shareholder of undersea cable construction...
Nov 06, 2022 (Gmt+09:00)
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Shareholder activism
KT&G taps top-tier law firm to defend itself against shareholder activism
KT&G Corp., the world’s fifth-largest tobacco maker, has appointed South Korea’s top-tier law firm Kim & Chang to take action ag...
Nov 03, 2022 (Gmt+09:00)
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Corporate strategy
Market Kurly drops Market from platform name to expand business scope
South Korea’s Kurly Inc. has changed the name of its grocery delivery service platform Market Kurly to Kurly as part of its corporate strategy...
Nov 02, 2022 (Gmt+09:00)
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Retail
Lotte Shopping joins hands with UK's Ocado to build online grocery store
Lotte Shopping Co. will join forces with the Hertfordshire, England-based Ocado Group, which licenses grocery fulfillment technology to retailers.&n...
Nov 01, 2022 (Gmt+09:00)
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Webtoons
Naver Webtoon to pursue profits with Yonder app launch in US
South Korea’s Naver Webtoon Corp. has been successful in the domestic market with its loyal subscribers willing to pay to read a diverse libra...
Oct 31, 2022 (Gmt+09:00)
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Shareholder activism
Singapore PE firm proposes KT&G spin off ginseng biz
A Singaporean private equity firm has proposed a number of measures to KT&G Corp., the world’s fifth-largest tobacco maker, including a sp...
Oct 26, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Korea’s FTC to toughen reviews on platform sector M&As
South Korea’s antitrust body is set to strengthen reviews on acquisitions for different businesses in the platform industry to resolve the pro...
Oct 21, 2022 (Gmt+09:00)
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Korean startups
DRIMAES to produce cloud-based car control platform with Qualcomm
Daegu-based startup DRIMAES is poised to develop and mass produce a cloud-based vehicle control platform using San Diego-based semiconductor giant Q...
Oct 21, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Zuckerberg meets with Samsung executives over Meta Quest Pro
SILICON VALLEY – Mark Zuckerberg, chief executive of US tech giant Meta Platforms Inc., has met with senior officials of Samsung Electronics C...
Oct 17, 2022 (Gmt+09:00)
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E-commerce
Korea's luxury e-commerce platform Balaan completes Series C
South Korean luxury e-commerce platform operator Balaan Co. will complete the attraction of 25 billion won ($17.3 million) in investment in a Series...
Oct 16, 2022 (Gmt+09:00)
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Korean startups
Edtech Onuii breaking barriers to private tutoring one tablet at a time
In an interview with The Korea Economic Daily, CEO of Onuii Go Yejin said she used to love contemplating a lot of random things since her elementary...
Oct 12, 2022 (Gmt+09:00)
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Mergers & Acquisitions
LS Cable to become No.2 shareholder in KT Submarine
South Korea’s LS Group will become the No. 2 shareholder in KT Submarine Co. after buying the undersea cable construction company’s new ...
Oct 11, 2022 (Gmt+09:00)
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Automobiles
Hyundai Mobis, Luxoft to unveil infotainment system for future mobility
South Korea’s largest auto parts maker Hyundai Mobis Co. and Swiss technology company Luxoft have jointly developed an advanced in-vehicle inf...
Oct 11, 2022 (Gmt+09:00)
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Tech, Media & Telecom
KT rebrands Olleh TV as Genie TV to transform into media portal
South Korea’s telecom giant KT Corp. is rebranding its IPTV service Olleh TV as Genie TV as part of its efforts to transform into a media port...
Oct 05, 2022 (Gmt+09:00)
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E-commerce
Naver to buy Poshmark at $1.6 bn to boost US e-commerce biz
Naver Corp. is set to take over US Poshmark Inc. for some $1.6 billion to make inroads into the e-commerce sector in North America as South Korea&rs...
Oct 04, 2022 (Gmt+09:00)
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Fintech
Kakao to challenge Naver, Apple for offline payment services
South Korea’s largest mobile payment app KakaoPay has bought a stake in the country’s No. 1 electronic payment system provider, accordin...
Sep 29, 2022 (Gmt+09:00)
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Artificial intelligence
SK Telecom commercial feature AI human to promote content platform
South Korea’s major telecom company SK Telecom Co. has adopted a virtual human to feature in one of its commercial ads for the first time in t...
Sep 26, 2022 (Gmt+09:00)
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Robotics
LG Elec., Uplus team up to expand service robot business
South Korea’s home appliance giant LG Electronics Inc. and mobile carrier LG Uplus Corp. will join forces to expand their service robot busine...
Sep 22, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
Hyundai Heavy to adopt Palantir's big data platform
South Korea’s Hyundai Heavy Industries Group said on Wednesday that it has signed a contract with Palantir Technologies Inc., a US data analyt...
Sep 21, 2022 (Gmt+09:00)
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Cloud computing
LG's 5G backup system installed in AWS cloud platform
LG Uplus Corp., a South Korean internet service provider, said on Tuesday that it has installed its 5G mobile backup network system in the cloud com...
Sep 20, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Korea’s No. 1 bookstore Kyobo seeks to acquire OTT platform Watcha
The Kyobo Book Centre, South Korea’s largest bookstore chain, is seeking to acquire over-the-top (OTT) platform Watcha Inc. to expand its busi...
Sep 20, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Naver targets global edtech sector with Whale browser
Naver Corp., South Korea’s online platform giant, is taking on global heavyweights in its aim to lead the international edtech sector, by prov...
Sep 19, 2022 (Gmt+09:00)
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Tech, Media & Telecom
LG Uplus aims to double corporate value via platforms
LG Uplus Corp., the third-largest mobile carrier in South Korea, is slated to increase its corporate value to 12 trillion won ($8.6 billion) by 2027...
Sep 15, 2022 (Gmt+09:00)
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Korean startups
CJ OliveNetworks to expand fandom platform services
CJ OliveNetworks Co., a South Korean digital software developer, has joined hands with bemyfriends, a startup specializing in the global K-pop fando...
Sep 15, 2022 (Gmt+09:00)
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Korean stock market
EV materials maker EcoPro tops the buy list of Korean stocks
Shares in EcoPro BM Co., a cathode material maker used in electric vehicle batteries, topped the list of South Korean stocks, for which an increased...
Sep 14, 2022 (Gmt+09:00)
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Bio & Pharma
Sanofi, Korean biotech Lemonex ink material transfer agreement
South Korean biotech Lemonex Inc. has signed a material transfer agreement (MTA) with global pharmaceutical giant Sanofi S.A. to use the Korean bi...
Sep 14, 2022 (Gmt+09:00)
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Corporate strategy
LG Energy, KT join KED’s top 30 Korean innovator list
KT Corp. and Studio Dragon Corp. have joined the ranks of South Korea’s most innovative companies thanks to their creation of cultural produ...
Sep 13, 2022 (Gmt+09:00)
Latest News
- 1 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 2 Korea to allow non-profits to buy bad consumer loans
- 3 LG to drive future growth in emerging markets with battery prowess
- 4 South Korean President Lee, Japanese Prime Minister Ishiba seek closer ties
- 5 Naver Ventures to plant flag in Silicon Valley with TwelveLabs bet