Mirae Asset TIGER PHLX Semiconductor Sector Nasdaq
Scope
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Banking & Finance
Hana Financial, SK Telecom buy shares in BitGo
Hana Financial Group and SK Telecom Co. acquired shares in BitGo Korea, the Korean unit of a global digital asset trust company, and decided to esta...
Sep 03, 2024 (Gmt+09:00)
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Tech, Media & Telecom
Will Samsung take over Nokia’s mobile network assets?
Samsung Electronics Co., the world’s top smartphone maker, has expressed interest in the mobile networks business of Nokia Oyj, a global telec...
Sep 01, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Woori signs $1.16 bn deal to acquire Tongyang, ABL Life from China’s Dajia
Woori Financial Group Inc., South Korea’s fourth-largest financial services provider, said on Wednesday it has signed a deal to acquire Tongya...
Aug 28, 2024 (Gmt+09:00)
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Mergers & Acquisitions
SK Innovation-SK E&S merger gains shareholders’ nod
SK Innovation Co., South Korea’s largest energy company, has won majority support from its shareholders for a merger with its liquefied natura...
Aug 27, 2024 (Gmt+09:00)
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Hydrogen economy
HD KSOE buys Finnish fuel cell maker Convion for $81 mn
HD Hydrogen, a unit of HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE), has acquired Convion Ltd, a Finnish hydrogen fuel cell maker,...
Aug 26, 2024 (Gmt+09:00)
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Corporate restructuring
POSCO to sell entire stake in P&O Chemical to OCI
POSCO Future M Co., a battery materials affiliate of South Korean steel giant POSCO Holdings Inc., will sell its entire stake in P&O Chemical Co...
Aug 25, 2024 (Gmt+09:00)
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E-commerce
Yanolja's Nasdaq IPO plan hit by Qoo10's liquidity turmoil
Yanolja Co., South Korea’s leading travel and accommodation booking platform operator, may delay its Nasdaq initial public offering plan due t...
Aug 23, 2024 (Gmt+09:00)
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Real estate
Mirae Asset, global investors eye gain from sale of Hanoi skyscraper
South Korea's Mirae Asset Securities Co. and shareholders in the three-building complex Landmark72, which encompasses the second-tallest skyscraper ...
Aug 22, 2024 (Gmt+09:00)
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Banking & Finance
Korea Investment's Nasdaq 100 ETF surpasses $747 mn
Korea Investment Management Co. said on Thursday that the net assets of its ACE US Nasdaq 100 Exchange-Traded Fund (ETF) had surpassed 1 trillion wo...
Aug 22, 2024 (Gmt+09:00)
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Corporate strategy
LG to seek most of profit from new growth engines
LG Electronics Inc., the leading global home appliance maker, aims to generate most of its profit from future growth drivers by 2030 as the South Ko...
Aug 21, 2024 (Gmt+09:00)
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Energy
Kolon Global, Hana Bank to form onshore wind power fund
South Korea's Kolon Global Corp. announced on Tuesday it signed an agreement with Hana Bank, Hana Alternative Asset Management, and MDM Asset Manage...
Aug 21, 2024 (Gmt+09:00)
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Korean stock market
Korea's KEDI-based ETFs boom; net assets double in 2 months
South Korean exchange-traded funds (ETFs) tracking KEDI, an index set created by The Korea Economic Daily, are booming on growing investor demand fo...
Aug 20, 2024 (Gmt+09:00)
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Artificial intelligence
Korea’s Mirae Asset to open AI business unit in New York
Mirae Asset Group, the pioneer in South Korea’s mutual fund industry, plans to set up an artificial intelligence business unit in New York as ...
Aug 20, 2024 (Gmt+09:00)
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Banking & Finance
Shinhan Card tops S.Korea's EPG ranking for financial institutions
South Korea's Shinhan Card said on Monday it was ranked as the leading company in the domestic financial sector in an environment, population, and g...
Aug 20, 2024 (Gmt+09:00)
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Economy
Vietnamese lead influx of foreign workers with Korean dream
On Aug. 31, 2004, 92 Filipinos, wearing T-shirts and white caps, entered Incheon International Airport determined to make money in South Korea and r...
Aug 19, 2024 (Gmt+09:00)
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Artificial intelligence
Naver Cloud takes the lead in Korea’s public AI business
South Korean online giant Naver Corp.'s cloud subsidiary is expanding its presence in the country’s public artificial intelligence market by w...
Aug 16, 2024 (Gmt+09:00)
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Corporate restructuring
Hanwha Aerospace to spin off non-core units for defense sector
Hanwha Aerospace Co., South Korea’s answer to Elon Musk’s SpaceX, has decided to separate its non-core units to concentrate on the defen...
Aug 14, 2024 (Gmt+09:00)
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Corporate restructuring
Yanolja to restructure affiliates to boost profit before Nasdaq IPO
South Korea’s top travel and accommodation booking platform operator Yanolja Co. is seeking to streamline and restructure its affiliates to bo...
Aug 13, 2024 (Gmt+09:00)
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Webtoons
Google to target global webtoon sector with Korean creators
BENGALURU – Google is teaming up with South Korean creators to target the global webtoon industry, spurring expectations that global Big Tech ...
Aug 13, 2024 (Gmt+09:00)
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Korean games
NCSOFT teams up with Vietnamese unicorn VGN to tap SE Asian market
South Korea’s gaming behemoth NCSOFT Corp. has set up a joint venture with Vietnamese tech unicorn VNG Corp. to tap into Southeast Asia starti...
Aug 08, 2024 (Gmt+09:00)
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Korean chipmakers
Seoul Semiconductor overtakes Japan’s Nichia as top backlight LED maker
South Korea’s Seoul Semiconductor Co. has overtaken Japan’s Nichia Corp. as the world’s top backlight light-emitting diode (LED) d...
Aug 08, 2024 (Gmt+09:00)
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Infrastructure
Macquarie buys its 1st Korean data center for $538 mn
Macquarie Korea Infrastructure Fund (MKIF) has signed an agreement to buy a 40-megawatt (MW) data center from Seoul-based IGIS Asset Management Co. ...
Aug 05, 2024 (Gmt+09:00)
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Leadership & Management
Samsung’s new chip leader calls for restoring competitiveness
It is urgent to restore Samsung Electronics Co.'s competitiveness in the semiconductor business, the chip division’s new head said in his firs...
Aug 01, 2024 (Gmt+09:00)
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Energy
Hyundai Engineering gets Hillsboro solar power plant rights
South Korea's Hyundai Engineering Co. announced on Thursday that it acquired a 260 MW Hillsboro Solar Power Plant project from OCI Energy. This is H...
Aug 01, 2024 (Gmt+09:00)
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Korean chipmakers
Sapien Semiconductors looks to overtake Novatek in MicroLED DDI chips
South Korea’s Sapien Semiconductors Inc. is a lesser-known startup outside of the chip industry. However, it is a little giant in the fabless ...
Jul 28, 2024 (Gmt+09:00)
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Corporate restructuring
LG Display cuts vendors’ stakes, axes jobs for turnaround
LG Display Co., the world’s top manufacturer of large-size organic light-emitting diode (OLED) panels, reduced stakes in its vendors while cut...
Jul 24, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
HD KSOE partners with University of Michigan to foster US ship engineers
South Korea’s HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) has joined hands with the University of Michigan-Ann Arbor (UM) a...
Jul 23, 2024 (Gmt+09:00)
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Artificial intelligence
LG to foster smart factory business as new B2B growth driver
PYEONGTAEK, Gyeonggi Province -- LG Electronics Inc., the leading global home appliance maker, aims to foster its smart factory business as a new gr...
Jul 18, 2024 (Gmt+09:00)
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Banking & Finance
Samsung Asset publishes brokerage ISA guidebook
South Korea's Samsung Asset Management announced on Thursday that it newly published the KODEX Brokerage ISA Investment Guidebook for individual inv...
Jul 18, 2024 (Gmt+09:00)
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Real estate
Samsung likely to buy The Asset office tower for more than $724 mn
Samsung Group is poised to acquire the Samsung Fire & Marine Insurance Co. headquarters building in Seoul for more than 1 trillion won ($724.4 m...
Jul 17, 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