Lotte Insurance sale
Scope
Date
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Airlines
Lotte Hotel forms new mileage partnership with Singapore Airlines
On Wednesday, Lotte Hotels & Resorts announced its new mileage partnership with Singapore Airlines, marking the hotel group's first international ...
Feb 16, 2023 (Gmt+09:00)
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Bio & Pharma
SK Biopharm holds sales meeting for marketing Cenobamate in US
On Wednesday, SK Biopharmaceuticals Co. announced that its US subsidiary, SK Life Sciences Inc., held a "National Sales Meeting" in San Diego. The p...
Feb 16, 2023 (Gmt+09:00)
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Private equity
Korean PE firm STIC to buy stake in copper foil maker Iljin
South Korean private equity firm STIC Investments is poised to become the second-largest shareholder of Iljin Materials Co., a Kosdaq-listed battery...
Feb 15, 2023 (Gmt+09:00)
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Aerospace & Defense
KAI expects 2023 sales to grow by a third, driven by fighter jets
Korea Aerospace Industries Ltd. (KAI), South Korea’s sole military aircraft manufacturer, said on Wednesday it aims to achieve 3.83 trillion w...
Feb 15, 2023 (Gmt+09:00)
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Batteries
S.Korea's EcoPro boosts raw material plant for cathode materials
South Korea's EcoPro Co., a leading cathode supplier for global battery makers, is expanding its plant for raw materials used in secondary battery c...
Feb 15, 2023 (Gmt+09:00)
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Food & Beverage
Hyundai Green Food breaks $1.5 billion in sales for first time in 2022
Hyundai Green Food Co., an affiliate of Hyundai Department Store Group, saw its main business unit of food surpass 2 trillion won ($1.5 billion) in ...
Feb 15, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
DSME, INPEX end $970 mn dispute over FPSO
Daewoo Shipbuilding & Marine Engineering Co. (DSME) and INPEX Corp. have agreed to end a $970 million dispute less than a year since the damage ...
Feb 14, 2023 (Gmt+09:00)
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Bio & Pharma
SK Plasma, Janssen Korea sign sales, distribution agreement
SK Plasma Co. Ltd., a South Korean company specializing in the production of plasma derivatives from human plasma, is expanding its product portfoli...
Feb 14, 2023 (Gmt+09:00)
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Petrochemicals
Lotte Fine Chemical transforms from ugly duckling to golden swan
For Samsung Group, the fine chemicals business was an ugly duckling losing money while other affiliates, including Samsung Electronics Co., were flu...
Feb 13, 2023 (Gmt+09:00)
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Bio & Pharma
GC Biopharma, Sanofi to jointly market Plavix
GC Biopharma Co. (formerly Green Cross Corp.) said on Monday it has entered into a joint sales partnership with Sanofi-Aventis Korea, the South Kore...
Feb 13, 2023 (Gmt+09:00)
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Automobiles
Hyundai's cumulative EV sales in US surpass 100,000
Hyundai Motor Group has achieved over 100,000 cumulative electric vehicle (EV) sales in the US market since 2014. The group's three brands, Hyundai,...
Feb 13, 2023 (Gmt+09:00)
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Automobiles
Electric vehicles in S.Korea beat diesel cars in sales
Sales of electric vehicles (EVs) in South Korea last year including hybrids surpassed those of diesel cars for the first time due to the price of di...
Feb 10, 2023 (Gmt+09:00)
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Bio & Pharma
Hanmi Pharmaceutical reports record-high revenue in 2022
South Korea's Hanmi Pharmaceutical Co. last year saw record-high performance thanks to its self-developed drugs, surpassing its previous best year o...
Feb 09, 2023 (Gmt+09:00)
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Food & Beverage
Snack maker Orion to pursue M&As, expand Vietnam facility
South Korea’s confectionery and snack maker Orion Corp. reported its largest-ever earnings last year, driven by strong sales in emerging marke...
Feb 08, 2023 (Gmt+09:00)
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Insurance
Kyobo Life Insurance speeds up creation of holding company
South Korea’s Kyobo Life Insurance Co. is set to establish a holding company by the second half of 2024. The major insurer seeks to raise its ...
Feb 08, 2023 (Gmt+09:00)
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Hydrogen economy
Lotte Chemical, RWE, Mitsubishi form alliance for clean ammonia
South Korea's Lotte Chemical Corp. has joined forces with German energy company RWE and Japan's Mitsubishi Corporation to create a global consortium...
Feb 08, 2023 (Gmt+09:00)
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Bio & Pharma
Korean biopharma, biotech companies scale up as sales balloon
South Korea’s biotech and biopharmaceutical companies are growing big with their sales rising above 1 trillion won ($796 million) last year on...
Feb 07, 2023 (Gmt+09:00)
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Lotte Group to directly control global real estate unit
Lotte Corp., the fifth-largest conglomerate in South Korea, is poised to strengthen its real estate development unit under the direct control of the...
Feb 07, 2023 (Gmt+09:00)
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Retail
Galleria Dept. Store's sales from foreigners increase 500% for past 6 months
South Korea's department store group Galleria Department Store said on Tuesday that for the past six months (between August last year and January th...
Feb 07, 2023 (Gmt+09:00)
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Chemical Industry
Lotte Ineos Chemical to expand vinyl acetate monomer plant
Lotte Ineos Chemical, South Korea's lone maker of acetic acid and vinyl acetate monomer (VAM), on Monday said it will expand its VAM output capacity...
Feb 06, 2023 (Gmt+09:00)
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Construction
Lotte Construction develops eco-friendly concrete
Lotte Engineering & Construction has developed eco-friendly concrete that can reduce carbon dioxide emissions by up to 90%. In collaboration wit...
Feb 06, 2023 (Gmt+09:00)
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Machinery
Doosan Bobcat moves into European market with compact tractors
Doosan Bobcat's small tractors for agriculture and landscaping will enter the European market. After entering America's ground maintenance equipment...
Feb 03, 2023 (Gmt+09:00)
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Aerospace & Defense
Hyundai Doosan Infracore bags $256 mn Turkey defense deal
Hyundai Doosan Infracore Co., a South Korean construction equipment maker, won a 313.1 billion won ($255.5 million) defense deal from Turkey, sugges...
Feb 03, 2023 (Gmt+09:00)
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Mergers & Acquisitions
MBK, Unison to expand Osstem Implant's target reach beyond China
South Korean private equity firm Unison Capital Korea is set to focus on boosting the corporate value of Osstem Implant Co., once the PE manager and...
Feb 03, 2023 (Gmt+09:00)
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Automobiles
Hyundai, Kia post record-high Jan. sales figures in US
Hyundai Motor Co. and Kia Corp. posted the highest sales record in the US market in January. Hyundai Motor America said on Wednesday that it sold 52...
Feb 02, 2023 (Gmt+09:00)
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Bio & Pharma
Hanmi's Rolvedon set to post $10 mn in Q4 net sales in US
South Korean drugmaker Hanmi Pharmaceutical Co.’s neutropenia agent, Rolvedon (eflapegrastim-xnst), is forecast to achieve about $10 million i...
Feb 02, 2023 (Gmt+09:00)
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Airlines
Korean Air reports strongest performance ever in 2022
Korean Air Lines Co. had its strongest performance ever in 2022, as it successfully cashed in on a thriving cargo business and a full recovery in pa...
Feb 01, 2023 (Gmt+09:00)
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Economy
S.Korea likely to suffer recession as Jan exports tumble
South Korea is likely to head for a recession for the first time in three years as exports of Asia’s fourth-largest economy in January dropped...
Feb 01, 2023 (Gmt+09:00)
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Korean SMEs
SGC Solutions expands overseas sales channels for its brand Glasslock
South Korea's glassware maker SGC Solutions said Tuesday that it has signed a memorandum of understanding (MOU) with the Korea Small & Medium Bu...
Feb 01, 2023 (Gmt+09:00)
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Earnings
Samsung to advance solid-state battery output after record sales
South Korea’s Samsung SDI Co. reported its largest-ever profit and revenue last year, which will drive its efforts to produce solid-state batt...
Jan 31, 2023 (Gmt+09:00)
Latest News
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- 4 S.Korea eases path for foreign REITs in senior housing push
- 5 Koramco targets $7 bn bets on Korea data centers