Level 3 autonomous
Scope
Date
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Pension funds
NPS commits $723 mn to MBK, 3 other managers for Korean PEs
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, has hired four investment firms – MBK Partne...
Jul 15, 2024 (Gmt+09:00)
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Central bank
BOK chief signals rate cut; warns of rising housing prices
The time is ripe to prepare an interest rate cut as consumer prices are holding around South Korea’s target of 2%. But it remains uncertain wh...
Jul 11, 2024 (Gmt+09:00)
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Foreign exchange
Won to soften past 1,400, BOK rate cut likely in Oct: poll
The Korean won is forecast to continue its downward spiral and soften past the 1,400 threshold against the greenback this year, while the Bank of Ko...
Jul 10, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
HD Hyundai Samho expands berthing facilities
South Korean shipbuilder HD Hyundai Samho Co. has expanded its berthing facilities to meet the growing number of orders for eco-friendly ships.The s...
Jul 10, 2024 (Gmt+09:00)
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Aerospace & Defense
Hanwha Systems signs $867 million missile radar deal with Saudi Arabia
Hanwha Systems Co., a leading South Korean defense company, said on Tuesday it has clinched a $867 million deal to supply its advanced mobile multi-...
Jul 09, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor car sales hit record in India for 1st half
Hyundai Motor Co. delivered its record-high number of cars in India during the first six months of this year but lost share in the fiercely competit...
Jul 07, 2024 (Gmt+09:00)
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Machinery
S.Korea promotes export of $3.8 bn railcars to Morocco
The South Korean government is promoting exporting Korean-style railway cars (K-rail), including high-speed trains worth $3.8 billion, to Morocco.Th...
Jul 05, 2024 (Gmt+09:00)
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Tech, Media & Telecom
KT launches Genie TV Tab 3
South Korea's KT Corp. launched the tablet-type Internet TV device Genie TV Tab 3 on Thursday.The Genie TV Tab 3 can be used to watch live channels ...
Jul 04, 2024 (Gmt+09:00)
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E-commerce
Korean grocery delivery platform Oasis to buy e-commerce 11Street
South Korean grocery delivery platform Oasis Corp. is poised to acquire the country’s leading e-commerce operator 11Street Co. to ramp up its ...
Jul 03, 2024 (Gmt+09:00)
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Economy
S.Korea’s inflation holds below 3% for 3rd straight month
South Korea’s headline inflation stayed in the 2% range for the third straight month in June after its slowest rate of increase in 11 months, ...
Jul 02, 2024 (Gmt+09:00)
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Retail
Duty-free stores: Golden goose gone for Korean retailers
South Korea welcomed a record-high number of post-pandemic foreign tourist arrivals for a single quarter in the first three months of this year, but...
Jun 28, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung seeks $3.6 billion in loans from KDB for chip investment
South Korean tech giant Samsung Electronics Co. seeks to borrow as much as 5 trillion won ($3.6 billion) from the state-run Korea Development Bank t...
Jun 26, 2024 (Gmt+09:00)
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Electronics
Samsung Bespoke refrigerator sells 3 mn units in five years
Samsung Electronics Co. announced on Tuesday that the cumulative sales of its Bespoke refrigerator in the South Korean market have surpassed 3 milli...
Jun 26, 2024 (Gmt+09:00)
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Korean games
Tencent-backed Shift Up to raise up to $313 mn in IPO
Shift Up Corp., the South Korean game developer behind the global hit game “Goddess of Victory: Nikke,” could raise up to 435 billion wo...
Jun 26, 2024 (Gmt+09:00)
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Automobiles
Hyundai Mobis files 3,000 patents for future car techs over 3 years
Hyundai Mobis, the world’s sixth-largest auto parts maker, announced on Tuesday that it published the Sustainability Report 2024, which includ...
Jun 25, 2024 (Gmt+09:00)
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Corporate bonds
EV battery maker LG Energy eyes $2 bn global bond sale
LG Energy Solution Ltd., the world’s third-largest electric vehicle battery maker, is poised to raise $2 billion in global bonds by the end of...
Jun 25, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
HD KSOE eyes $3.4 bn worth of orders from France's CMA CGM
South Korea’s largest shipbuilder, HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE), is eyeing around $3.4 billion worth of orde...
Jun 24, 2024 (Gmt+09:00)
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Batteries
Lotte Energy Materials sets sights beyond copper foil: CEO Kim
MUNICH – Lotte Energy Materials Corp. is one of South Korea’s leading battery materials specialists.Formerly known as Iljin Materials Co...
Jun 21, 2024 (Gmt+09:00)
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Robotics
Yogiyo to begin autonomous robot delivery tests in August
Yogiyo, South Korea’s second-largest food delivery app, announced on Friday that it will begin outdoor autonomous robot delivery tests in Song...
Jun 21, 2024 (Gmt+09:00)
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Automobiles
SK Shieldus, CP6 team up for autonomous vehicle security
SK Shieldus Co., the unmanned security subsidiary of South Korea's SK Group, announced on Friday that it has signed an agreement with CP6, a domesti...
Jun 21, 2024 (Gmt+09:00)
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ESG
LIG Nex1 earns top Morgan Stanley ESG rating of AA for 2nd consecutive year
LIG Nex1 Co., a leading defense system developer in South Korea, announced on Thursday that it has received an AA rating in the 2024 environmental, ...
Jun 20, 2024 (Gmt+09:00)
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Aerospace & Defense
Hyundai Rotem unveils 4th-gen unmanned military vehicle, HR-Sherpa
South Korea's Hyundai Rotem Co. unveiled the 4th generation HR-Sherpa, a multipurpose unmanned vehicle designed for military operations.The latest H...
Jun 19, 2024 (Gmt+09:00)
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Korean games
Netmarble's new RPG 'Solo Leveling' logs $70 mn sales in 1st month
South Korean game developer Netmarble Corp. is enjoying growing sales of its new action role-playing game (RPG) “Solo Leveling: Arise,” ...
Jun 18, 2024 (Gmt+09:00)
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Regulations
Korea likely to lift short-selling ban in April after leveling playing field
South Korea’s financial regulator, the Financial Services Commission (FSC), said on Thursday it will extend its blanket stock short-selling ba...
Jun 13, 2024 (Gmt+09:00)
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Future mobility
RideFlux wins temporary Level 4 self-driving permit
RideFlux Inc., a South Korean autonomous driving technology startup, has received a temporary permit to operate a driverless car at normal speed for...
Jun 12, 2024 (Gmt+09:00)
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Private equity
Q Capital named K-drama maker Chorokbaem's preferred bidder
Seoul-based private equity firm Q Capital Partners seeks to buy a 39.3% stake with management rights in South Korean drama series producer Chorokbae...
Jun 11, 2024 (Gmt+09:00)
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Korean chipmakers
Hanmi Semiconductor wins $110 mn HBM equipment order from SK Hynix
South Korean chip equipment company Hanmi Semiconductor Co. announced on Friday that it has received an order from SK Hynix Inc. for its dual TC bon...
Jun 07, 2024 (Gmt+09:00)
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Automobiles
Eco-friendly cars reboot Hyundai, Kia’s US sales in May
Hyundai Motor Co. and Kia Corp., car manufacturers of the global No. 3 automaker Hyundai Motor Group, reported a rebound last month on sales in the ...
Jun 04, 2024 (Gmt+09:00)
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IPOs
Naver's online comics unit eyes Nasdaq listing in June
South Korea’s online portal giant Naver Corp. is planning to list its Los Angeles-based affiliate Webtoon Entertainment Inc. on the Nasdaq thi...
Jun 03, 2024 (Gmt+09:00)
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Business & Politics
South Korea to build 3 nuclear plants, 1 SMR under new energy policy
South Korea plans to build as many as three new nuclear power plants by 2038 and put into operation at least one small modular reactor (SMR) by 2035...
May 31, 2024 (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