QR code-based payment system
Scope
Date
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Private equity
Korea’s Hwasung Cosmetics shines with Affirma Capital’s Midas touch
Singapore-based private equity firm Affirma Capital has turned Hwasung Cosmetics into an emerging original design manufacturer (ODM) for global beau...
Jan 16, 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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Artificial intelligence
Naver D2SF invests in N.American AI startup
South Korea's online giant Naver Corp.'s startup nurturing organization D2SF (D2 Startup Factory) invested in North American AI ad tech startup Remb...
Jan 14, 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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Mergers & Acquisitions
Korea Zinc, MBK-Young Poong alliance to fight over cumulative voting
The battle over Korea Zinc Inc.'s management control between Korea Zinc Chairman Choi Yun-birm and the Young Poong Corp.-MBK Partners alliance has n...
Jan 06, 2025 (Gmt+09:00)
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Bio & Pharma
JLK gets OK from FDA for ICH diagnosis solution
South Korea’s JLK Inc., an AI-based diagnosis solution and platform maker, said on Monday it got 501K approval from the US Food and Drug Admin...
Jan 06, 2025 (Gmt+09:00)
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Corporate investment
Mirae Asset invests $200 mn in LS Group affiliate in US
South Korea's Mirae Asset Global Investments said on Sunday it invested $200 million in Essex Solutions, a US magnet wire manufacturing affiliate un...
Jan 06, 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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Aerospace & Defense
Hanwha Systems to export K11's tactical control to Egypt
Hanwha Systems Co., a leading South Korean defense company, said on Monday it will export fire tactical control systems of K11 Fire Direction Center...
Dec 27, 2024 (Gmt+09:00)
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Fintech
Korea’s Naver Pay partners with WeChat Pay for mobile payments in China
South Korean tech giant Naver Corp. said on Tuesday it has partnered with WeChat Pay to offer a Naver Pay mobile pay and digital wallet service usin...
Dec 24, 2024 (Gmt+09:00)
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Batteries
LG Energy, Qualcomm to commercialize BMS solution
South Korea's LG Energy Solution Ltd. said on Monday it partnered with Qualcomm Technologies to commercialize its new system-on-chip (SoC)-based bat...
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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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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Bio & Pharma
Boryung, Lotus Pharma signs CDMO deal on anticancer injection
South Korea's Boryung Corp. said on Thursday it signed a contract with Lotus Pharmaceutical, a Taiwanese oncology firm, for contract development and...
Dec 12, 2024 (Gmt+09:00)
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Energy
Samsung C&T, Hitachi Energy to team up for HVDC projects
South Korea's Samsung C&T Corp. said Monday it signed a memorandum of understanding (MOU) with Sweden's Hitachi Energy to cooperate for high-vol...
Dec 09, 2024 (Gmt+09:00)
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Economy
South Korea’s economic system remains resilient: finance minister
The South Korean economy is solid, and the government will take “bold and swift’’ actions if needed to stabilize Asia’s four...
Dec 08, 2024 (Gmt+09:00)
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Bio & Pharma
Hanmi breaks ground pharmaceuticals complex in Beijing
South Korea's Hanmi Pharmaceutical Co. said on Friday that Beijing Hanmi Pharm, its subsidiary in China, held the groundbreaking ceremony for a proj...
Dec 06, 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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Corporate investment
Samsung invests in AI security platform Axiado
Samsung Electronics Co. said on Thursday it invested in the Series C funding round of Axiado, a US-based artificial intelligence (AI) security platf...
Dec 05, 2024 (Gmt+09:00)
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Bio & Pharma
SK Biopharm submits NDA of epilepsy drug to China
South Korea's SK Biopharmaceuticals Co. said on Tuesday it submitted the new drug application (NDA) for its flagship epilepsy drug Cenobamate to Chi...
Dec 05, 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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Business & Politics
S.Korea to ease rules for employment permit system
The South Korean government plans to revamp its employment authorization system to allow foreign workers to stay in the country longer. Foreign...
Dec 03, 2024 (Gmt+09:00)
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Artificial intelligence
LG CNS to enter US smart building biz
South Korea's LG CNS said on Tuesday it signed a memorandum of understanding (MOU) with the US-based real estate management SomeraRoad and Mastern A...
Dec 03, 2024 (Gmt+09:00)
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Artificial intelligence
Bespin Global, Upstage to co-work on AI platform
South Korea's cloud solution provider Bespin Global said on Monday it signed with Upstage, the domestic artificial intelligence (AI) startup, to bui...
Dec 02, 2024 (Gmt+09:00)
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Aerospace & Defense
Hanwha Ocean, Babcock to team up for submarine exports
South Korea's Hanwha Ocean Co. said on Friday it signed a strategic partnership with the UK-based global defense industry giant Babcock Internationa...
Nov 29, 2024 (Gmt+09:00)
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Entertainment
SM's UK K-pop group Dear Alice to debut with Gamma
South Korea's SM Entertainment Co. partnered with the US-based music label "Gamma." to globally debut its first British K-Pop boy group Dear Alice.A...
Nov 27, 2024 (Gmt+09:00)
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Executive reshuffles
Samsung to replace chiefs of 3 key posts: Memory, foundry, system LSI
Samsung Electronics Co. plans to replace the three key posts of its semiconductor business — memory, foundry and system LSI — as the Sou...
Nov 26, 2024 (Gmt+09:00)
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Batteries
Korea Zinc, Hanwha to co-work on Austrailian BESS project
Korea Zinc Inc., the world’s top lead and zinc smelter, said on Tuesday its Australian subsidiary Ark Energy selected Hanwha Corp. as the pref...
Nov 26, 2024 (Gmt+09:00)
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Energy
LS Electric shares jump on $358mn HVDC transformer order news
LS Electric Co., a South Korean industrial energy facility and systems supplier, is expected to sign a 500 billion won ($358 million) deal with a GE...
Nov 25, 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