Mongolian Ministry of Digital Development and Communications
Scope
Date
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Blockchain
Korea's gaming industry turns to blockchain, unwavered by Seoul’s policy
Come next year, Korea’s online game developers are poised to release a number of games on blockchain platforms.The companies have lined up the...
Dec 20, 2021 (Gmt+09:00)
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Private equity
EQT chairman sees technology and services as attractive sectors in Korea
High price tags of target companies can be justified if you understand long-term trends of the industry and have expertise in the sectors, Conni Jon...
Dec 15, 2021 (Gmt+09:00)
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Batteries
LG Energy to adopt Siemens' digital factory technology
South Korea's LG Energy Solution Ltd. plans to adopt Siemens AG's smart factory technology to accelerate the digitization of its battery manufacturi...
Dec 14, 2021 (Gmt+09:00)
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Metaverse
K-startups take note of growing demand for 'meta fashion'
Meta fashion, a combination of fashion, metaverse, and NFT, is becoming a global trend. The MZ generation, as those in their 20s and 30s are ca...
Dec 13, 2021 (Gmt+09:00)
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Korean chipmakers
Winter is over? Samsung's Q3 chip sales beat Intel's
In August, a Morgan Stanley report on the semiconductor industry, “Winter is coming,” fueled debate on whether chip prices were peaking ...
Dec 13, 2021 (Gmt+09:00)
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Corporate restructuring
POSCO approves holding company plan for eco-friendly business
South Korea’s POSCO Co. is set to split off the company to launch an investment holding firm, 21 years after its privatization. The move aims ...
Dec 10, 2021 (Gmt+09:00)
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Markets
China’s CSI, KRX to launch co-developed stock indices
China Securities Index Co. (CSI) and the Korea Exchange (KRX) are set to unveil three stock indices jointly developed for the first time on Dec. 20,...
Dec 09, 2021 (Gmt+09:00)
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Metaverse
Simulation training developer Naviworks eyes 2022 IPO
Naviworks Co., a South Korean developer of virtual reality-based military training software, looks set to join a growing pool of metaverse-themed st...
Dec 09, 2021 (Gmt+09:00)
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Future mobility
Hyundai Mobis to unveil two future concept cars via metaverse at CES 2022
South Korea’s largest auto parts maker Hyundai Mobis Co. said on Wednesday it is unveiling two future mobility concept cars at the upcoming CE...
Dec 08, 2021 (Gmt+09:00)
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Asset management
Brokerages rush to outsourced fund management market
South Korea's brokerage companies are jumping into the outsourced chief investment officer (OCIO) market, outmaneuvering asset management firms, as ...
Dec 07, 2021 (Gmt+09:00)
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Artificial intelligence
Ex-quant developer on a mission to save traders' microseconds
A Korean startup about a year old has succeeded in creating a microchip that speeds up trading by a few microseconds -- a huge difference in the w...
Dec 06, 2021 (Gmt+09:00)
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Aerospace & Defense
Korea’s Hanwha Aerospace to develop small rocket system
Hanwha Aerospace Co., a unit of South Korean conglomerate Hanwha Group, is developing system technology for small projectiles that launch a satellit...
Dec 06, 2021 (Gmt+09:00)
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Metaverse
Krafton enters metaverse space with investment in Naver’s Zepeto
Krafton Inc., one of South Korea’s major game developers, is entering the metaverse space by investing 5 billion won ($4.2 million) in Zepeto,...
Dec 06, 2021 (Gmt+09:00)
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Tech, Media & Telecom
Kakao extends rivalry with Naver into digital healthcare
Kakao Corp., an operator of South Korea's top mobile messenger app KakaoTalk, has set its sights on the digital healthcare market, launching an in-h...
Dec 03, 2021 (Gmt+09:00)
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Blockchain
MediBloc aims to promote safe exchange of medical data using blockchain
As the adoption of artificial intelligence becomes more prevalent, the value of data also increases rapidly. The quality and quantity of data...
Dec 01, 2021 (Gmt+09:00)
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Cryptocurrencies
Korea's first game NFT exchange to open next month
Come next month, Korea will see its first online game-based non-fungible token exchange. Seoul-based video game developer WeMade Co., Ltd will ...
Nov 29, 2021 (Gmt+09:00)
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Aerospace & Defense
Korea closer to independent satellite technology
South Korea has developed its own signal control system for a radar reconnaissance satellite to be launched next year, the system being a key techno...
Nov 22, 2021 (Gmt+09:00)
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Entertainment
Hellbound tops Netflix global TV series list within 24 hours
Netflix's original South Korean drama series Hellbound topped the platform’s global chart within a day of its Nov. 19 release, much faster tha...
Nov 21, 2021 (Gmt+09:00)
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Korean stock market
Korea stocks see $2 bn inflow, stoking hopes for a foreigner comeback
Foreign investors have absorbed $2 billion in South Korean stock markets so far in November, spurring hopes of a foreign comeback, although doubts r...
Nov 19, 2021 (Gmt+09:00)
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Carbon neutrality
LG Chem, GS Caltex to produce biodegradable plastic material
South Korea’s top petrochemical maker LG Chem Ltd. and the No. 2 refiner GS Caltex Corp. have agreed to jointly produce a biodegradable plasti...
Nov 19, 2021 (Gmt+09:00)
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Korean chipmakers
Legendary chip architect Jim Keller may team up with Samsung Electronics
Samsung Electronics Co. on Thursday hosted its third annual foundry forum, a gathering of its partners around the world, where legendary chip archit...
Nov 18, 2021 (Gmt+09:00)
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Aerospace & Defense
Korea’s LIG close to record $3.5 bn deal to export missile system to UAE
LIG Nex1 Co., a leading South Korean defense company, is close to a record $3.5 billion deal to export its surface-to-air missile system to the Unit...
Nov 17, 2021 (Gmt+09:00)
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Alternative investments
EQT doubles down on sustainability and digitalization to fuel returns
With higher energy prices, creeping inflation and strained supply chains just a few of the headwinds to future economic growth, investors may find i...
Nov 17, 2021 (Gmt+09:00)
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Biotech
Celltrion looks beyond biosimilars to develop its own mRNA drugs
South Korea’s Celltrion Inc. has long been a biosimilar player, producing replicas of original drugs, a growing market in the pandemic era.Ear...
Nov 16, 2021 (Gmt+09:00)
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Private equity
AIIB commits $60 mn to STIC Asia Infra Innovation Fund
The Asian Infrastructure Investment Bank (AIIB) has committed $60 million to the STIC Asia Infrastructure Innovation Fund managed by South Korea&r...
Nov 12, 2021 (Gmt+09:00)
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Blockchain
NCSoft to unveil NFT-based, play-to-earn games in 2022
NCSoft Corp., South Korea's leading game developer, will dip its toes into the realm of the blockchain and non-fungible tokens (NFT) by releasing pl...
Nov 11, 2021 (Gmt+09:00)
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Carbon neutrality
Korea’s state electric companies to cease coal power generation by 2050
State-run utility Korea Electric Power Corp. (KEPCO) and its six subsidiaries declared an aim to cease coal power generation by 2050 in a bid to pla...
Nov 11, 2021 (Gmt+09:00)
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Venture capital
Travel startups draw new funds amid digital transformation
As South Korea loosened social distancing measures for a gradual return to normal life this week, investors are rekindling their interest in travel ...
Nov 05, 2021 (Gmt+09:00)
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Tech, Media & Telecom
Google allows alternate in-app payment options in South Korea, though familiar fees remain
SEOUL—Alphabet Inc.’s Google plans to continue charging South Korean app developers a service fee for in-app purchases, even as users fo...
Nov 05, 2021 (Gmt+09:00)
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Energy
Hyundai Oilbank to develop eco-friendly e-fuels with Danish firm
Hyundai Oilbank Co. plans to develop eco-friendly electrofuels, or e-fuels, jointly with Denmark's Haldor Topsoe as the South Korean oil refiner has...
Nov 05, 2021 (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