South Korean market 2023
Scope
Date
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Energy
South Korea finds massive crude oil, gas prospects in East Sea: Yoon
South Korea, which heavily relies on imports for its energy use, has found a potentially massive reserve of oil and gas offshore close to its southe...
Jun 03, 2024 (Gmt+09:00)
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IPOs
Naver's online comics unit eyes Nasdaq listing in June
South Korea’s online portal giant Naver Corp. is planning to list its Los Angeles-based affiliate Webtoon Entertainment Inc. on the Nasdaq thi...
Jun 03, 2024 (Gmt+09:00)
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Pension funds
NPS to cut Korean stock allocation to 13% by 2029
South Korea’s National Pension Service (NPS), also the world’s third-largest pension fund, will gradually reduce the proportion of its l...
May 31, 2024 (Gmt+09:00)
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Business & Politics
South Korea to build 3 nuclear plants, 1 SMR under new energy policy
South Korea plans to build as many as three new nuclear power plants by 2038 and put into operation at least one small modular reactor (SMR) by 2035...
May 31, 2024 (Gmt+09:00)
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Leadership & Management
Korean catering firm Ourhome CEO to leave amid sibling feud
South Korea’s catering service provider Ourhome Ltd. Chief Executive and Vice Chairwoman Koo Ji-eun has failed in her attempt to serve another...
May 31, 2024 (Gmt+09:00)
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Aerospace & Defense
Nara Space attracts $14.5 mn series B investment
South Korea's micro-satellite startup Nara Space Technology Inc. announced on Friday that it attracted a 20 billion won ($14.5 million) series B inv...
May 31, 2024 (Gmt+09:00)
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Food & Beverage
Lotte Chilsung Krush beer enters Mongolian market
South Korea's Lotte Chilsung Beverage announced on Friday that its beer brand Krush entered the Mongolian market. The company sponsored Davaida...
May 31, 2024 (Gmt+09:00)
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Fashion
Korean shopping mecca Dongdaemun Market's vacancy rates soar
Store vacancy rates in South Korea’s largest shopping mecca Dongdaemun Market have soared to as high as 86%, with Chinese e-commerce platfor...
May 31, 2024 (Gmt+09:00)
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Future mobility
Kakao Mobility, Archer to collaborate for K-UAM commercialization
South Korea's Kakao Mobility Corp. announced on Friday that it signed an agreement with Archer Aviation, the US-based urban air mobility (UAM) aircr...
May 31, 2024 (Gmt+09:00)
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Korean games
Line Games to launch The Play of Genesis in Taiwan, Hong Kong
South Korea's Line Games Corp. announced on Friday that it signed a publishing agreement with Vietnam's tech giant VNG for the mobile game The Play ...
May 31, 2024 (Gmt+09:00)
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Electronics
Samsung gets new tech certification for air purifier filter
Samsung Electronics Co.'s air purifier filter technology obtained the New Excellent Technology (NeT) certification from the Korea Agency for Technol...
May 31, 2024 (Gmt+09:00)
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Economy
Korea’s April factory output rebounds amid weak consumption
South Korea’s factory production rebounded in April on healthy manufacturing while domestic consumption and capital expenditures dipped, indic...
May 31, 2024 (Gmt+09:00)
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Automobiles
Ferrari unveils 12Cilindri in S.Korea, 1st time in Asia
INCHEON -- Italian sports car maker Ferrari S.p.A. on Thursday unveiled the 12Cilindri with a V12 petrol engine in South Korea for the first time in...
May 30, 2024 (Gmt+09:00)
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Korean startups
KOTRA opens K-Tech Camp in Paris
The Korea Trade-Investment Promotion Agency (KOTRA) announced on Thursday that it established the Paris K-Tech Camp in Paris, France on May 23.KOTRA...
May 30, 2024 (Gmt+09:00)
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Artificial intelligence
Nvidia beats Tesla to emerge as top foreign stock held by Koreans
Nvidia Corp., the global top artificial intelligence chip leader, overtook Tesla Inc., the world’s second-largest electric vehicle maker, to b...
May 30, 2024 (Gmt+09:00)
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Food & Beverage
Lotte's sugar-free soju Saero to enter European market
South Korea's Lotte Chilsung Beverage Co. is poised to introduce its zero-sugar soju Saero to the European market next month, aiming to expand its g...
May 30, 2024 (Gmt+09:00)
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Logistics
LX Pantos to enter Indonesian resource logistics market
South Korea's LX Pantos said on Thursday that it signed a joint venture (JV) agreement with KSA, Indonesia's largest bulk carrier, to tap into the S...
May 30, 2024 (Gmt+09:00)
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North Korea
Kim Jong Un’s Balloon Barrage: Bags of Excrement Fly Into the South
SEOUL—An unusual sight drifted into South Korean skies on Wednesday: Large white balloons carrying plastic bags of North Korean trash. Some co...
May 30, 2024 (Gmt+09:00)
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Bio & Pharma
Korean biotech Bertis to join BIO 2024 for global reach
South Korean biotech Bertis Inc. will deliver presentations at the BIO International Convention, one of the world’s largest bio and healthcare...
May 29, 2024 (Gmt+09:00)
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Energy
Korea’s HD Hyundai Electric wins $60 mn transformer deal in UK
South Korea’s electric equipment maker HD Hyundai Electric Co. said on Wednesday it has won a power transformer supply deal worth 47.1 million...
May 29, 2024 (Gmt+09:00)
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Fashion
Korea's golf apparel market shrinks as golf boom fizzles
The heyday of South Korea’s golf apparel market seems to be over with the end of the COVID-19 pandemic. Millennials and Generation Z, who had ...
May 29, 2024 (Gmt+09:00)
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Korean food
Mega Coffee to open first store in Mongolia
South Korea's low-price coffee chain, Mega MGC Coffee, announced on Tuesday that it will open its first overseas store in Mongolia on May 30. This...
May 29, 2024 (Gmt+09:00)
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IPOs
Tencent-backed Shift Up seeks June IPO at $2.6 bn value
South Korean gaming firm Shift Up Corp. is eyeing an initial public offering on the main Kospi in June, with an enterprise value of 3.48 trillion wo...
May 28, 2024 (Gmt+09:00)
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Electronics
Samsung to deepen foray in US HVAC market with Lennox
Samsung Electronics Co. will set up a heating, ventilation and air conditioning (HVAC) joint venture with Lennox International Inc., a major US HVAC...
May 28, 2024 (Gmt+09:00)
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Batteries
L&F, CNGR to collaborate to respond to US IRA
L&F Co., South Korea’s major cathode supplier announced Tuesday that it signed a memorandum of understanding (MOU) with Chinese precu...
May 28, 2024 (Gmt+09:00)
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E-commerce
Qoo10 launches K-Avenue for S.Korean products
Southeast Asia-based e-commerce platform Qoo10 Pte. announced on Tuesday that it launched K-Avenue, a sales channel for Korean products, on the newl...
May 28, 2024 (Gmt+09:00)
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Entertainment
HYBE offers to sell $62 mn SM Entertainment shares
HYBE Co., the company behind global sensations BTS and NewJeans, has offered to sell some of its shares in K-pop pioneer SM Entertainment Co. in a b...
May 28, 2024 (Gmt+09:00)
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Automobiles
South Korea steps on accelerator for record 2024 car exports
ASAN, South Chungcheong Province – At Hyundai Motor Co.'s manufacturing plant in Asan, over 60 km south of Seoul, thousands of robots were bus...
May 28, 2024 (Gmt+09:00)
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Korean stock market
SK Hynix: More room for share price rise after bull run
SK Hynix Inc.'s market value broke through the roof to top 150 trillion won ($110 billion) on Monday, becoming the second stock in South Korea to re...
May 27, 2024 (Gmt+09:00)
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Bio & Pharma
Samsung Bioepis leads in Soliris biosimilar market in Europe
STOCKHOLM – Samsung Bioepis Co.'s biosimilar to Soliris for the treatment of patients with rare, life-threatening disease paroxysmal nocturnal...
May 27, 2024 (Gmt+09:00)
Latest News
- 1 Nexon Games rally on Tencent’s attempt to buy Nexon
- 2 JLL, Savills to lead Seoul Square sale in $1 bn deal
- 3 Partners Group sees infrastructure secondaries quadrupling to $60 bn
- 4 MBK-invested Homeplus looks for new owner as M&A emerges as option
- 5 Hyundai Steel to displace Baoshan as GM Korea's supplier