Samsung shares block sale
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Shipping & Shipbuilding
Samsung Heavy sails autonomous demonstration vessel
The South Korean Ministry of Trade, Industry and Energy announced on Thursday the launch ceremony for Samsung Heavy Industries' autonomous demonstra...
Nov 21, 2024 (Gmt+09:00)
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Bio & Pharma
Celltrion to acquire additional $72 mn in treasury shares
South Korea's Celltrion Inc. announced on Thursday that it decided to repurchase additional treasury shares worth 100 billion won ($71.6 million).Fr...
Nov 21, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Hyosung Chemical scraps specialty gas unit sale to IMM, STIC
Hyosung Chemical Corp. has failed to reach an agreement with a consortium of IMM Private Equity and STIC Investments Inc. to sell its specialty gas ...
Nov 21, 2024 (Gmt+09:00)
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Bio & Pharma
Samsung Biologics wins $668 million CDMO deal with European pharma
Samsung Biologics Co., the world’s largest contract drugmaker, said on Wednesday it has signed two drug manufacturing contracts worth a combin...
Nov 20, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Samsung Heavy gets AIP for wing sails of LNGC
South Korea's Samsung Heavy Industries said on Wednesday that it received Approval in Principle (AIP) for a liquefied natural gas (LNG) carrier equi...
Nov 20, 2024 (Gmt+09:00)
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Tech, Media & Telecom
Samsung Electro-Mechanics gets European certification for camera SW
South Korea's Samsung Electro-Mechanics said on Wednesday it obtained Automotive SPICE (A-SPICE) Level 3 certification for its vehicle camera modu...
Nov 20, 2024 (Gmt+09:00)
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Retail
US warehouse giant Costco outperforms peers in S.Korea
Membership fees couldn't keep cost-conscious South Korean consumers from rushing to Costco stores to buy big-box items at lower prices, leading the ...
Nov 19, 2024 (Gmt+09:00)
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Corporate restructuring
Gaon Cable takes over LS Cable & System's US arm
Gaon Cable Co. said on Tuesday it has taken over the US arm of parent company LS Cable & System Ltd. to beef up its business of mid-to-low volta...
Nov 19, 2024 (Gmt+09:00)
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Corporate strategy
Hyundai Mobis aims to expand non-captive sales to 40% as it goes global
South Korea’s top auto parts maker Hyundai Mobis Co. on Tuesday said it aims to boost non-Hyundai Motor Group affiliate sales to 40% of its to...
Nov 19, 2024 (Gmt+09:00)
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Korean chipmakers
Tesla asks Samsung, SK Hynix to supply HBM4 chip samples
Samsung Electronics Co. and SK Hynix Inc. are said to each be developing a sixth-generation high-bandwidth memory (HBM4) chip prototype for Tesla In...
Nov 19, 2024 (Gmt+09:00)
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Bio & Pharma
Samsung Bioepis gets EC's approval for Opuviz
South Korea's Samsung Bioepis Co., Samsung Biologics Co.'s fully owned biosimilar subsidiary, and the US-based Biogen said on Tuesday the European C...
Nov 19, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung vows to regain chip lead with new R&D center
Samsung Electronics Co. is pinning its hopes on its new research and development complex, which will cost the company 20 trillion won ($14.4 billion...
Nov 18, 2024 (Gmt+09:00)
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Bio & Pharma
Macrogen's GenTok to feature on Samsung Health app
South Korea's biotech company Macrogen, Inc. signed a supply agreement to integrate its genome analysis platform, GenTok, into the Samsung Health ap...
Nov 18, 2024 (Gmt+09:00)
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Electronics
Samsung Bespoke AI Combo targets European market
Samsung Electronics Co. said on Sunday it held the showcase for launching its all-in-one washer-dryer, Bespoke AI Combo, in Berlin, Germany on Nov...
Nov 18, 2024 (Gmt+09:00)
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Electronics
LG Display to invest extra $1 bn in Vietnam OLED plant
LG Display Co. will invest an additional $1 billion in Vietnam over the next five years to ramp up organic light-emitting diode (OLED) panel output,...
Nov 17, 2024 (Gmt+09:00)
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Shareholder value
Samsung Electronics to buy back $7.2 bn in shares
Samsung Electronics Co. will buy back 10 trillion won ($7.2 billion) in shares over the next year to prop up its share price, which has plunged more...
Nov 17, 2024 (Gmt+09:00)
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Electric vehicles
Korean EV, battery makers to suffer from Trump’s plan to end incentives
WASHINGTON/SEOUL — US President-elect Donald Trump’s transition team is seeking to eliminate federal incentives for electric vehicles, d...
Nov 15, 2024 (Gmt+09:00)
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Construction & Planning
Samsung E&A wins $214 mn petrochem plant contract in Qatar
Samsung E&A Co. said on Friday that it won a contract for the RLP ethylene storage plant construction project in Qatar, valued at 300 billion wo...
Nov 15, 2024 (Gmt+09:00)
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Bio & Pharma
Celltrion acquires Swiss pharmaceutical distributor iQone
South Korea's Celltrion Inc. said on Friday that it completed its acquisition of iQone Healthcare Switzerland, a Swiss pharmaceutical distributor, t...
Nov 15, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor taps US unit chief Jose Munoz as new CEO
Hyundai Motor Co. on Friday named Jose Munoz, its global chief operating officer (COO) and head of North and South American operations, as its new a...
Nov 15, 2024 (Gmt+09:00)
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Electronics
LG to expand appliance subscriptions to India to speed up leasing business
LG Electronics Inc., the leading global home appliance maker, is considering expanding its subscription service into new overseas markets, such as I...
Nov 14, 2024 (Gmt+09:00)
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Beauty & Cosmetics
AmorePacific to rebalance China-heavy global business
AmorePacific Corp., South Korea’s No. 1 cosmetics group, will rebalance its China-heavy global business to focus on the US and Europe while lo...
Nov 13, 2024 (Gmt+09:00)
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Short selling
S.Korea mulls fines on Barclays, Citi for short-sale violations
South Korea’s financial authorities are considering fining British multinational investment bank Barclays plc and US investment banking group ...
Nov 12, 2024 (Gmt+09:00)
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Shareholder activism
KT&G to buy back shares, rejects Ginseng unit buyout offer
South Korean tobacco maker KT&G Corp. on Thursday unveiled a plan to buy back shares and pay dividends totaling 3.7 trillion won ($2.7 billion) ...
Nov 08, 2024 (Gmt+09:00)
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Corporate restructuring
Korean steel giant POSCO to sell Chinese JV PZSS amid US-China trade war
South Korean steel giant POSCO Holdings Inc. is seeking to sell its entire stake in a Chinese stainless steel joint venture as it faces growing comp...
Nov 08, 2024 (Gmt+09:00)
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Companies
Hotel Shilla to open 16th Shilla Stay in Jeonju
South Korea’s Hotel Shilla, said on Thursday that it will open its 16th Shilla Stay hotel in Jeonju, North Jeolla Province, on December 10.&nb...
Nov 08, 2024 (Gmt+09:00)
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E-commerce
Coupang CEO to reduce stake in e-commerce platform
Coupang Inc. founder and Chief Executive Bom Kim will sell shares and donate additional ones in the South Korean e-commerce platform for tax payment...
Nov 07, 2024 (Gmt+09:00)
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Artificial intelligence
GS Group, Notion to team up on AI capabilities
South Korea's GS Group signed a memorandum of understanding (MOU) with Notion, the US-based popular collaboration software company to enhance its ...
Nov 07, 2024 (Gmt+09:00)
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Shareholder activism
Dalton Investments raises stake in cosmetics ODM Kolmar
Dalton Investments Inc., a US-based activist fund, has secured a 5.02% stake in South Korea’s Kolmar Holdings Co., stoking speculation the wor...
Nov 06, 2024 (Gmt+09:00)
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Electronics
With Samsung Bespoke AI kitchen, anyone can be a Michelin-star chef
Lim Hee-won, a celebrity chef who appeared on Netflix’s cooking competition show Culinary Class War, made a special trip to a studio in Seoul ...
Nov 06, 2024 (Gmt+09:00)
Latest News
- 1 Coupang bids for Korean luxury market dominance with Farfetch
- 2 Hyundai Rotem set to finalize $6 bn K2 tank order from Poland
- 3 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 4 Korea to allow non-profits to buy bad consumer loans
- 5 LG to drive future growth in emerging markets with battery prowess