New World
Scope
Date
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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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Tech, Media & Telecom
LG kicks off SPARK 2024 to share AI, new tech with Big Tech, startups
LG Group, South Korea’s fourth-biggest conglomerate, is holding a three-week multifaceted technology innovation festival to share ideas on new...
Aug 26, 2024 (Gmt+09:00)
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Artificial intelligence
Liner ranks 9th in generative AI services selected by a16z
South Korea's generative AI startup Liner said on Friday that its search service ranked 9th in the web services category of the Top-100 Gen AI Consu...
Aug 23, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung’s new 2 nm foundry process to cut chip size by 17%
A new contract chipmaking technology, dubbed the backside power delivery network (BSPDN), will reduce the size of a 2-nanometer chip by 17%, compare...
Aug 22, 2024 (Gmt+09:00)
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Chemical Industry
Samhwa Paint launches anti-rust product Knok-Stop
South Korea's Samhwa Paint Industrial said on Wednesday that it has introduced a new water-based primer, Knok-Stop, designed to convert rust on meta...
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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Food & Beverage
Bibigo dumplings enters New Zealand food market
South Korea's CJ CheilJedang Corp. announced on Wednesday that it will launch Bibigo dumplings at supermarket chains New World and PAK’nSAVE i...
Aug 21, 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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Pension funds
CPPIB global private equity head Suyi Kim to leave
Suyi Kim, global private equity head at Canada Pension Plan Investments Board (CPPIB), is set to leave the world’s seventh-largest pension fun...
Aug 19, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Cosmax NBT gets more FAPAS certification
Cosmax NBT, Inc., a health supplement original development manufacturing (ODM) affiliate of South Korea's Cosmax Group, announced on Monday that it ...
Aug 19, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Tighter emissions rules boost HD Hyundai Marine margin
HD Hyundai Marine Solution Co., a ship parts manufacturing and after-sales service company, has reported the highest-ever operating profit margin in...
Aug 19, 2024 (Gmt+09:00)
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Banking & Finance
Shinhan Financial opens new headquarters in Ho Chi Minh City
South Korea's Shinhan Financial Group opened a new headquarters in Ho Chi Minh City, Vietnam.Shinhan Financial held an inauguration ceremony for t...
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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Travel & Leisure
Korean Telco giant KT’s Midas touch with hotel business
KT Corp., one of South Korea’s top three mobile carriers, is on a roll in the hotel business despite its late foray into the hospitality indus...
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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Korean games
NCSOFT develops new game Doguri Adventure
South Korea’s major game developer and publisher NCSOFT Corp. has begun developing a casual game Doguri Adventure, featuring the character bra...
Aug 14, 2024 (Gmt+09:00)
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Logistics
Hanjin establishes subsidiary in Singapore
South Korea's Hanjin Transportation, a logistics arm of Hanjin Group, announced on Wednesday that it opened a subsidiary in Singapore to expedite ...
Aug 14, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Fashion OEM Hansae bids for GM Korea supplier Erae AMS
The holding company of Hansae Co., a leading global apparel original equipment manufacturer (OEM), is eyeing expansion into auto parts production by...
Aug 13, 2024 (Gmt+09:00)
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Korean games
NCSOFT taps ex-Pearl Abyss US head to lead N.America unit
NCSOFT Corp., South Korea’s major gaming company, said on Monday it has appointed Jin Jeonghee, former head of the US operations of local riva...
Aug 12, 2024 (Gmt+09:00)
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Electronics
Samsung launches wrapping ad on New York City tour buses
South Korea's Samsung Display Co. announced on Monday that it will launch a wrapping advertisement promoting the excellence of Samsung OLED on...
Aug 12, 2024 (Gmt+09:00)
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Automobiles
The new Kia K8: A high-tech, modern and innovative sedan
South Korea’s second-largest automaker Kia Corp. on Friday unveiled a new K8 large-size sedan, its first drastic facelift in three years.Kia, ...
Aug 09, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
HD Hyundai Mipo to build Korea’s first LCO₂ carrier
HD Hyundai Mipo Co., formerly Hyundai Mipo Dockland Co., has embarked on the construction of South Korea’s first liquefied CO₂ (LCO₂) carrier,...
Aug 09, 2024 (Gmt+09:00)
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Energy
KOGAS executes first simultaneous LNG bunkering in Korea
South Korea's state-run Korea Gas Corp. (KOGAS) said on Friday that its subsidiary, Korea LNG Bunkering, successfully carried out the country’...
Aug 09, 2024 (Gmt+09:00)
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Electronics
LG ramps up European HVAC marketing with new Therma V model
LG Electronics Inc., a leading South Korean home appliance maker, is strengthening efforts to enhance its presence in Europe’s heating, ventil...
Aug 08, 2024 (Gmt+09:00)
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Construction
SGC E&C secures $189 mn petrochem facility project in Saudi Arabia
SGC Engineering & Construction (E&C), a specialist in design, procurement and construction (EPC), said on Thursday that it has signed a cont...
Aug 08, 2024 (Gmt+09:00)
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Retail
CJ Olive Young establishes new logistics center
South Korean beauty store chain CJ Olive Young said on Thursday that it has established the Olive Young Anseong Logistics Center in Anseong-si, Gyeo...
Aug 08, 2024 (Gmt+09:00)
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Companies
Kakao Games reports sharp drop in Q2 operating profit
Kakao Games Corp., a game publishing unit of South Korean tech giant Kakao Corp., reported a sharp decline in second-quarter earnings on Wednesday d...
Aug 07, 2024 (Gmt+09:00)
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Energy
SK Gas delays $1 bn combined cycle power plant operation
SK Gas Ltd., South Korea’s No. 1 liquefied petroleum gas (LPG) distributor, has postponed the commercial operation of its combined cycle power...
Aug 06, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung produces thinnest low-power DRAM for AI mobile devices
Samsung Electronics Co., the world’s top memory chipmaker, has begun mass production of the industry’s thinnest low-power double data ra...
Aug 06, 2024 (Gmt+09:00)
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Bio & Pharma
Celltrion's Zymfentra joins US insurance-covered drug lists
South Korean biosimilar maker Celltrion Inc. said on Monday that its subcutaneous injection formulation for autoimmune diseases, Zymfentra (inflixim...
Aug 06, 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