Lotte Tour Development
Scope
Date
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Artificial intelligence
LG, SNU team up to develop AI modeling for protein structure predictions
LG AI Research Institute, the artificial intelligence think-tank of LG Group, South Korea’s fourth-biggest conglomerate, on Thursday signed a ...
Feb 06, 2025 (Gmt+09:00)
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Real estate
CPPIB to enter South Korean rental housing market
The Canada Pension Plan Investment Board (CPPIB), one of the world’s top 10 global pension fund managers, is joining other foreign asset manag...
Jan 31, 2025 (Gmt+09:00)
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Mergers & Acquisitions
SK, Lotte's restructuring to drive Korea's M&A market in 2025
SK and Lotte groups remain the focus for South Korean dealmakers as the two conglomerates accelerate restructuring by divesting non-core assets, a s...
Jan 20, 2025 (Gmt+09:00)
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Robotics
LG CNS, Bear Robotics to co-develop autonomous robots
LG CNS Co., a South Korean information technology service company, said on Monday it signed a memorandum of understanding (MOU) with Bear Robotics...
Jan 20, 2025 (Gmt+09:00)
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Bio & Pharma
Lotte Biologics eyes first ADC CDMO order in 2025
SAN FRANCISCO -- Lotte Biologics Co., the drug consignment development and production unit of South Korean conglomerate Lotte Group, will seek to wi...
Jan 17, 2025 (Gmt+09:00)
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Carbon neutrality
KG Mobility, Phinia to co-work for hydrogen engine
South Korea's automaker KG Mobility Corp. said on Thursday it partnered with the global car aftermarket solutions company Phinia to develop hydrogen...
Jan 16, 2025 (Gmt+09:00)
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Robotics
Lotte Duty Free unveils robot bartender in Gimpo Int'l Airport
South Korea's Lotte Duty Free said on Thursday it placed its AI-based robot bartenders in Gimpo International Airport.Lotte Duty Free offers robot...
Jan 16, 2025 (Gmt+09:00)
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Automobiles
Hyundai Motor, Nvidia team up for AI development for future mobility
South Korea’s top automaker Hyundai Motor Group said on Friday that it has teamed up with Nvidia Corp. to accelerate the development of advanc...
Jan 10, 2025 (Gmt+09:00)
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Korean Innovators at CES 2025
LG Electronics bets big on humanoid robots: CEO Cho
LAS VEGAS – South Korea’s top home appliance maker LG Electronics Inc. has thrown down the gauntlet to frontrunners in the AI robot race...
Jan 09, 2025 (Gmt+09:00)
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Korean Innovators at CES 2025
SK Hynix to collaborate with Nvidia on Cosmos physical AI platform: Chey
LAS VEGAS – SK Hynix Inc., the world’s second-largest memory chipmaker, has agreed to collaborate with Nvidia Corp. on the top US AI chi...
Jan 09, 2025 (Gmt+09:00)
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Automobiles
Hyundai Motor vows record investment of $16.7 bn in South Korea
Hyundai Motor Group will invest 24.3 trillion won ($16.7 billion) this year in South Korea, the largest-ever annual investment in its home country, ...
Jan 09, 2025 (Gmt+09:00)
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Korean Innovators at CES 2025
LG Electronics, Microsoft sign strategic partnership on AI agents
LAS VEGAS – South Korea’s top home appliance maker LG Electronics Inc. has signed a strategic partnership with US tech giant Micros...
Jan 07, 2025 (Gmt+09:00)
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Korean startups
Imagoworks raises $15.6 mn in Series C funding
Imagoworks, South Korea's AI-based digital dental service startup, said on Tuesday it raised 23 billion won ($15.6 million) in Series C funding.Foun...
Dec 31, 2024 (Gmt+09:00)
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Robotics
Samsung joins humanoid robots race with larger stake in Rainbow Robotics
Samsung Electronics Co. has become the largest shareholder of Rainbow Robotics Co., a South Korean collaborative robot maker, as the tech giant spen...
Dec 31, 2024 (Gmt+09:00)
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Petrochemicals
Lotte Chemical’s JV to boost specialty chemicals output
Lotte Chemical Corp.'s joint venture with Japan’s Tokuyama Corp. will ramp up specialty chemicals production to accelerate its shift from...
Dec 27, 2024 (Gmt+09:00)
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Food & Beverage
SPC Samlip to export ggultteok in H1 2025
SPC Samlip Corp., a subsidiary of South Korea’s food and bakery giant SPC Group, said on Monday that its rice cake franchise Bizeun developed ...
Dec 26, 2024 (Gmt+09:00)
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Banking & Finance
Lotte Card Card to launch loans for affiliates in Vietnam
South Korea's Lotte Card said on Monday it will launch loans for affiliates in Vietnam.Lotte Finance Vietnam, the Vietnamese corporation of Lotte Ca...
Dec 26, 2024 (Gmt+09:00)
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Bio & Pharma
SK Bioscience, Sanofi to develop next-gen pneumococcal vaccines
South Korea's SK Bioscience Co. said on Friday it signed an expanded agreement with Sanofi to co-develop next-generation pneumococcal conjugate vacc...
Dec 23, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Hanwha completes acquisition $100 mn Philly Shipyard
South Korean chemicals-to-defense conglomerate Hanwha Group completed the acquisition of Philly Shipyard on Friday.The size of the deal was $100 mil...
Dec 20, 2024 (Gmt+09:00)
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Aerospace & Defense
Doosan Enerbility, KAI to cooperate on aero engine localization
South Korea's Doosan Enerbility Co. and Korea Aerospace Industries Ltd. (KAI) said on Tuesday that the two companies signed a memorandum of understa...
Dec 18, 2024 (Gmt+09:00)
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Korean chipmakers
SK Hynix develops high-capacity SSD for AI data center
SK Hynix Inc. unveiled on Wednesday its high-capacity solid-state drive (SSD) product PS1012 U.2, designed for AI data centers with 61 terabyte (TB)...
Dec 18, 2024 (Gmt+09:00)
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Batteries
Lotte to supply advanced copper foil to Doosan for Nvidia’s Blackwell
Lotte Energy Materials Corp., a leading South Korean battery materials maker, said on Tuesday it will supply advanced copper foil to Doosan Corp.'s&...
Dec 17, 2024 (Gmt+09:00)
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Steel
POSCO Future M develops technology to make electrode rods
POSCO Future M Co., a battery material and steel manufacturing equipment supplier, said on Thursday it has developed electrode rod manufacturing tec...
Dec 12, 2024 (Gmt+09:00)
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Korean games
S.Korean game firms invest in Poland
South Korean game developers and publishers focus on investment in Poland. NCSoft Corp. said on Wednesday it signed a new intellectual property...
Dec 11, 2024 (Gmt+09:00)
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Private equity
Affinity to transform top Korean car rental firms into mobility service providers
Affinity Equity Partners aims to develop leading South Korean car rental companies into mobility service providers to create additional profitabilit...
Dec 10, 2024 (Gmt+09:00)
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Private equity
Hong Kong-based PEF Affinity Equity to acquire control of Lotte Rental
Affinity Equity Partners, a Hong Kong-based investment firm, will acquire a controlling stake in South Korea’s No. 1 car rental and leasing co...
Dec 06, 2024 (Gmt+09:00)
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Aerospace & Defense
LIG Nex1, Electroninks to team up for component materials
South Korea's LIG Nex1 Co. said Tuesday it signed a memorandum of understanding (MOU) with the US-based Electroninks Inc. to research and develop ne...
Dec 04, 2024 (Gmt+09:00)
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Korean games
S.Korea's Smilegate invests in GTA producer's studio
Smilegate, the South Korean developer of the world’s top first-person shooter game Crossfire, said on Tuesday it invested in the US-based medi...
Dec 04, 2024 (Gmt+09:00)
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Automobiles
Hyundai, Kia to build Hyundai Center of Excellence in India
Hyundai Motor Co. and Kia Corp. signed a memorandum of understanding (MOU) with the Indian Institutes of Technology (IIT) to build the Hyundai Cente...
Dec 03, 2024 (Gmt+09:00)
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Batteries
LG Energy set to acquire GM’s $1 bn stake in Ultium JV plant in Michigan
South Korea’s LG Energy Solution Ltd. plans to acquire General Motors Co.’s stake in their battery joint venture plant in Lansing, Michi...
Dec 03, 2024 (Gmt+09:00)
Latest News
- 1 Lee Jae-myung to meet with top business leaders next week ahead of G7 summit
- 2 Korea to allow non-profits to buy consumer bad 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