Project of the Year awards
Scope
Date
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Construction & Planning
Samsung Engineering wins $680 mn gas plant project in Malaysia
Samsung Engineering Co. has won a $680 million gas plant construction order in Malaysia from UK-headquartered energy giant Shell plc’s subsidi...
Jul 13, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Keppel to buy waste disposal firm in its largest Korean deal
Singapore-based Keppel Infrastructure appears set to buy South Korea’s leading waste management and recycling company EMK Co. for around $600 ...
Jul 13, 2022 (Gmt+09:00)
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Real estate
Commercial real estate market in Seoul shrinks in H1 2022
The commercial real estate market in Seoul slowed this year, according to a report by South Korean online property platform RSquare. The sum of the ...
Jul 12, 2022 (Gmt+09:00)
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Electric vehicles
Hyundai Motor to build 1st Korea plant in 29 years
Hyundai Motor Co., South Korea’s top automaker, is set to build a domestic electric vehicle plant in its first local production investment i...
Jul 12, 2022 (Gmt+09:00)
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Upcoming IPOs
South Korea’s unicorn startups, including Viva Republica, delay IPOs
South Korean startups that exceed $1 billion in valuations, known as unicorns, are pushing back their initial public offering (IPO) dates.The move c...
Jul 11, 2022 (Gmt+09:00)
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Korean games
Kakao-invested game developer Shiftup becomes unicorn startup
Shiftup Co., a South Korean mobile game developer, has joined the ranks of unicorns, or private companies worth $1 billion or more.The studio behind...
Jul 10, 2022 (Gmt+09:00)
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Mergers & Acquisitions
SD Biosensor, SJL Partners to acquire Meridian Bioscience for $1.53 bn
SD Biosensor Inc., the world's largest COVID-19 test kit seller, and private equity firm SJL Partners LLC are jointly acquiring Meridian Bioscience ...
Jul 07, 2022 (Gmt+09:00)
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Earnings
LG Elec. profit down on costs; automotive biz back in the black
LG Electronics Inc., the global home appliance maker, suffered a lower profit in the second quarter on the back of rising commodity and logistics co...
Jul 07, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
Hyundai Heavy’s KSOE wins $2.2 billion order for 10 LNG carriers
Korea Shipbuilding & Offshore Engineering Co. (KSOE), the intermediate holding company of the world’s top shipbuilder Hyundai Heavy Indust...
Jul 07, 2022 (Gmt+09:00)
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Corporate bonds
Korean companies' net issuance of bonds in H1 hits six-year low
South Korea’s net issuance of corporate bonds during the first half of 2022 was its lowest in six years, according to Korea Financial Investme...
Jul 07, 2022 (Gmt+09:00)
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Foreign exchange
Korean won forecast to weaken further after hitting 13-year low
The South Korean won is expected to further depreciate after touching its lowest level since the 2008-2009 global financial crisis, on concerns that...
Jul 07, 2022 (Gmt+09:00)
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Hydrogen economy
Korea hydrogen council launches $382 mn fund
The Korea H2 Business Summit, a business council established by South Korea’s leading conglomerates to invest in the hydrogen industry, launch...
Jul 07, 2022 (Gmt+09:00)
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Automobiles
Samsung wins multi-billion-dollar camera module deal from Tesla
Samsung Electro-Mechanics Co., the electronic components unit of Samsung Group, has won a multi-billion-dollar deal to supply camera modules to Tesl...
Jul 06, 2022 (Gmt+09:00)
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Automobiles
Ssangyong to raise Torres SUV output for turnaround
South Korea’s Ssangyong Motor Co. will ramp up the production of its new sport utility vehicle to meet strong demand, hoping the Torres will h...
Jul 06, 2022 (Gmt+09:00)
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Business & Politics
Biden and leaders of Japan and South Korea pledge greater cooperation
President Biden met with the heads of Japan and South Korea—the first such gathering between the three countries’ leaders in nearly five...
Jul 06, 2022 (Gmt+09:00)
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Economy
Korea inflation at 24-year high, adds to big step views
South Korea’s inflation accelerated to a 24-year high last month, reinforcing expectations that the central bank may raise interest rates by 5...
Jul 05, 2022 (Gmt+09:00)
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Construction
HanmiGlobal wins $34 million Saudi Diriyah complex project
HanmiGlobal Co., a South Korean construction project management (PM) company, said on Monday it has won a 44 billion won ($34 million) deal, part of...
Jul 04, 2022 (Gmt+09:00)
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Metaverse
SK Telecom gears up for global launch of metaverse platform
South Korea’s top mobile carrier SK Telecom Co. took steps to launch its metaverse platform in other countries as it aims to seek a future gro...
Jul 01, 2022 (Gmt+09:00)
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Corporate investment
LG eyes clean tech supremacy with $1.5 bn spending on green projects
South Korea’s fourth-largest conglomerate LG is setting its sights on clean energy technology as it steps up efforts to transform into an eco-...
Jun 30, 2022 (Gmt+09:00)
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Healthcare
CHA Healthcare buys major Australian fertility center
South Korea’s medical center operator CHA Healthcare Co. said on Monday it has acquired the management rights of Fertility Specialists of West...
Jun 27, 2022 (Gmt+09:00)
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IPOs
Mobility platform Socar targets $1.2 bn value for Aug IPO
South Korea’s car-sharing platform Socar Inc. has estimated its corporate value at up to 1.6 trillion won ($1.2 billion) for an initial public...
Jun 27, 2022 (Gmt+09:00)
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Bio & Pharma
1 in 4 biotech firms struggles with decreasing cash reserves
South Korea’s biotechnology firms – public and private alike – are facing increasingly negative financial conditions. T...
Jun 26, 2022 (Gmt+09:00)
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Foreign exchange
Korea won at 13-year low on recession fears amid tightening
South Korea’s won hit a 13-year low, weakening past the psychologically important 1,300 per US dollar level for the first time since the 2008-...
Jun 23, 2022 (Gmt+09:00)
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Energy
Korea to reboot nuclear power sector with orders, aid
South Korea plans to rebuild the nuclear power plant industry hard hit by the previous government’s nuclear energy phasing-out policy by placi...
Jun 22, 2022 (Gmt+09:00)
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Labor union
Hankook Tire sees increasing threat from combative labor union's demands
As a string of sporadic labor union strikes enters its third week, the risk of supply disruption has spread to an unlikely victim – Hankook Ti...
Jun 22, 2022 (Gmt+09:00)
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Korean chipmakers
Samsung to boost chip substrate investment after Apple order
Samsung Electro-Mechanics Co. will expand its manufacturing facilities for high-performance package substrates in both South Korea and Vietnam, afte...
Jun 22, 2022 (Gmt+09:00)
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Culture & Trends
Golf simulation centers' revenue soars 48% on-year
Even amid the COVID-19 pandemic, sectors serving golf enthusiasts have thrived in South Korea.Financial services company BC Card analyzed the sales ...
Jun 21, 2022 (Gmt+09:00)
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Leadership & Management
Hyundai Mobis CEO runs for ISO president as first Korean candidate
Hyundai Mobis Co. CEO Cho Sung-hwan has registered as a candidate for the next presidential election of the International Organization for Standar...
Jun 21, 2022 (Gmt+09:00)
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Korean stock market
Foreign ownership of S.Korean stocks at 13-year low
Foreign investors’ stockholdings in South Korea have plunged to their lowest level in nearly 13 years, dealing a heavy blow to the domestic st...
Jun 21, 2022 (Gmt+09:00)
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Aerospace & Defense
Rolls-Royce awards Hanwha Aerospace for trusted partnership
South Korea’s Hanwha Aerospace Co., has been chosen as one of the best partners of Rolls-Royce, the world’s leading aircraft engine ma...
Jun 21, 2022 (Gmt+09:00)
Latest News
- 1 S.Korea’s No.1 dried seaweed firm Kwangcheonkim up for sale for $295 mn
- 2 BOK chief warns against aggressive policy rate cuts, sees need for fiscal stimulus
- 3 S.Korea eases path for foreign REITs in senior housing push
- 4 Koramco targets $7 bn bets on Korea data centers
- 5 Lotte Chemical, HD Hyundai seek big deal via merger of naphtha cracking facilities