SK holding firm
Scope
Date
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Energy
SK Lubricants rebrands with name change as SK Enmove
SK Lubricants Co., the world’s leading lube base oil supplier, said on Sunday it will be rebranded as SK Enmove Co. on Dec. 1.The new name com...
Nov 21, 2022 (Gmt+09:00)
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Korean chipmakers
Samsung's chipmaking unit raises initial base salary to match SK Hynix's
Samsung Electronics Co.'s device solutions (DS) division, which manufactures semiconductors and displays, has raised its initial annual base salary ...
Nov 18, 2022 (Gmt+09:00)
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Banking & Finance
Daol Investment seeks to sell Thai subsidiary, eyes $75 mn in proceeds
South Korea’s Daol Investment & Securities Co. plans to sell a controlling stake in its Thai subsidiary, Daol Thailand PCL, as part of its...
Nov 18, 2022 (Gmt+09:00)
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Leadership & Management
Korean startup CEOs’ ethical scandals emerge as major risk factor
Several South Korean startups have recently been hit hard by their CEOs’ unethical behavior and business-related misconduct, leading to a lo...
Nov 18, 2022 (Gmt+09:00)
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Batteries
SK On, Korean colleges to conduct R&D of next-generation batteries
South Korean battery maker SK On has raised its research and development (R&D) capacity in next-generation cells by joining forces with the dome...
Nov 18, 2022 (Gmt+09:00)
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Foreign exchange
Korean exporters suffer FX derivate losses on weak won
More South Korean exporters suffered massive losses from foreign exchange derivatives on a weaker won, failing to benefit from the unit’s depr...
Nov 17, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Eugene Group, Stonebridge Capital mull logistics firm Mesh acquisition
South Korean conglomerate Eugene Group, one of the largest construction materials suppliers in the country, is planning to acquire local logistics c...
Nov 17, 2022 (Gmt+09:00)
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Automobiles
Hyundai Mobis unveils gesture-based display control tech
Hyundai Mobis Co., the world’s sixth-largest automotive supplier, has developed technology for the first time in the industry to allow drivers...
Nov 17, 2022 (Gmt+09:00)
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Electronics
Samsung, LG products sweep CES 2023 innovation awards
South Korea’s two largest home appliance makers – Samsung Electronics Co. and LG Electronics Inc. – have swept a record number of ...
Nov 17, 2022 (Gmt+09:00)
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Rights offerings
Korea's Lotte Chem likely to raise $745 mn via rights offering
South Korea’s Lotte Chemical Corp. is poised to decide to raise more than 1 trillion won ($745.4 million) of capital at its board meeting this...
Nov 17, 2022 (Gmt+09:00)
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Chemical Industry
SK Geo Centric to build Asia's biggest advanced recycling plant with British partner
South Korea's SK Geo Centric, the green chemical subsidiary of SK Innovation, will build Asia's largest advanced recycling (pyrolysis) plant in the ...
Nov 16, 2022 (Gmt+09:00)
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ESG
SK Geo Centric secures $363 mn in sustainability loans on favorable terms
SK Geo Centric Co., a South Korean petrochemical company, said on Tuesday it has secured 475 billion won ($363 million) in sustainability-linked loa...
Nov 15, 2022 (Gmt+09:00)
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Construction
Saudi crown prince to meet Korean business leaders in Seoul
Saudi Arabia’s crown prince Mohammed bin Salman is known to be planning meetings with leaders of major South Korean conglomerates, including S...
Nov 15, 2022 (Gmt+09:00)
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Perspectives
Why the global economy needs BOK’s Rhee to stand firm
Rhee Chang-yong could be excused for never wanting to hear the word 'Legoland' again.The Bank of Korea governor spent the first six months of his tenu...
Nov 15, 2022 (Gmt+09:00)
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Behind the Scenes
Corporate restructure inevitable at Smilegate as founder faces divorce
South Korea's fifth-richest man Kwon Hyuk-bin and his wife Lee Hwa-jin appear to be headed for divorce, according to industry insiders on Monday.&nb...
Nov 14, 2022 (Gmt+09:00)
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Electric vehicles
SK Signet supplies 37 ultra-fast EV charging posts to G20 Bali summit
SK Signet Inc., the electric vehicle (EV) charging arm of SK Inc., announced on Monday that it will supply the upcoming G20 summit with 37 ultra-fas...
Nov 14, 2022 (Gmt+09:00)
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Batteries
SK Nexilis develops copper foil for cylindrical batteries
South Korea's SK Nexilis, a maker of copper foil for secondary cells under SKC Inc., has achieved a world first with its development of a highly elo...
Nov 14, 2022 (Gmt+09:00)
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Automobiles
Hyundai partners with Indonesia firm for stable aluminum supply
Hyundai Motor Co., South Korea’s top automaker, joined hands with an Indonesian miner to secure a stable aluminum supply as demand for the raw...
Nov 13, 2022 (Gmt+09:00)
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Corporate bonds
Korean firms at risk of credit rating downgrade on Legoland woes
South Korean companies are at risk of credit rating downgrades as the fallout of a debt default by the domestic developer of a Legoland theme park r...
Nov 13, 2022 (Gmt+09:00)
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Korean startups
Chipmaker Netsol unveils first STT-MRAM in South Korea
South Korea’s fabless memory semiconductor design house Netsol announced on Friday that it developed the country’s first STT-MRAM, a nex...
Nov 11, 2022 (Gmt+09:00)
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Logistics
Hyundai Glovis signs $796 million shipping deal with global automaker
Hyundai Glovis Co., the logistics unit of South Korea’s Hyundai Motor Group, said on Friday it has clinched a 1.05 trillion won ($796 million)...
Nov 11, 2022 (Gmt+09:00)
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Construction
Korean construction firms boost Saudi Arabia presence with megaprojects
RIYADH – South Korean firms are accelerating their efforts to win construction projects from Saudi Arabia as the Middle East’s largest e...
Nov 11, 2022 (Gmt+09:00)
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Bio & Pharma
SK Biopharma's epilepsy treatment posts impressive growth in US
South Korean SK Biopharmaceuticals' epilepsy treatment Cenobamate has seen rapid growth on the US market.The company on Thursday said the medic...
Nov 11, 2022 (Gmt+09:00)
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Tech, Media & Telecom
SK Tel aims for $723 mn in subscription service transaction volume
SK Telecom Co. plans to reach 1 trillion won ($723 million) in transaction volume for subscription services such as its new T Universe. The Sou...
Nov 10, 2022 (Gmt+09:00)
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Private equity
Korean PE firms struggle with fundraising on illiquidity
South Korean private equity (PE) firms are having trouble fundraising as institutional investors' capital for new investment is drying up amid inter...
Nov 10, 2022 (Gmt+09:00)
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Hydrogen economy
Korea's SK E&S to produce 30,000 tons of liquid hydrogen per year
SK E&S, the energy affiliate of SK Group, from next year will start domestic output and distribution of up to 30,000 tons of liquid hydrogen ann...
Nov 10, 2022 (Gmt+09:00)
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Korean chipmakers
SK Hynix starts shipping low-power, high-efficiency LPDDR5X chips
SK Hynix Inc., the world’s second-largest memory chipmaker, said on Wednesday it has begun selling low-power, high-efficiency DRAM chips calle...
Nov 09, 2022 (Gmt+09:00)
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Earnings
Korea's Walkerhill Hotels and Resorts posts 1st surplus in 11 quarters
South Korea's Walkerhill Hotels and Resorts, run by SK Networks, has returned to the black after two years and nine months thanks to growth in the n...
Nov 09, 2022 (Gmt+09:00)
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Private equity
SK Square chief expects significant investment gains from next year
SK Square Co., the investment management arm of South Korea’s SK Group, is looking to reap handsome gains from its investment and divestment a...
Nov 09, 2022 (Gmt+09:00)
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Earnings
Lotte Chemical posts deficit for second straight quarter
Lotte Chemical on Tuesday announced that it suffered 423.9 billion won ($308 million) in operating loss on a consolidated basis in the third quarter...
Nov 09, 2022 (Gmt+09:00)
Latest News
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