TAC Consumer Public
Scope
Date
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Artificial intelligence
Liner ranks 9th in generative AI services selected by a16z
South Korea's generative AI startup Liner said on Friday that its search service ranked 9th in the web services category of the Top-100 Gen AI Consu...
Aug 23, 2024 (Gmt+09:00)
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Companies
Hyundai AutoEver wins $66 mn public safety contract in Angola
Hyundai AutoEver Corp., a software subsidiary of Hyundai Motor Group, secured consecutive contracts to build public safety systems in African countr...
Aug 19, 2024 (Gmt+09:00)
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Artificial intelligence
Naver Cloud takes the lead in Korea’s public AI business
South Korean online giant Naver Corp.'s cloud subsidiary is expanding its presence in the country’s public artificial intelligence market by w...
Aug 16, 2024 (Gmt+09:00)
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Electronics
Samsung's AI home appliances hit 1.5 mn units sold
Samsung Electronics Co. said on Thursday that its cumulative sales of AI-integrated home appliances have surpassed 1.5 million units as of July this...
Aug 16, 2024 (Gmt+09:00)
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Electric vehicles
Mercedes, BMW, Audi, VW offer deep discounts amid EV phobia in Korea
Imported vehicle dealers in South Korea are offering deep price cuts amid the growing electric vehicle phobia following a Mercedes-Benz EV blaze tha...
Aug 12, 2024 (Gmt+09:00)
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Economy
South Korea’s Inflation reaccelerates in July
South Korea’s headline inflation picked up at a stronger-than-expected pace in July, reaccelerating due to higher prices for agricultural and ...
Aug 02, 2024 (Gmt+09:00)
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Electronics
LG Elec OLED evo TV tops in 14 countries
LG Electronics Inc. announced that its premium lineup LG OLED evo TVs achieved first place in performance evaluations by consumer media outlets in...
Jul 22, 2024 (Gmt+09:00)
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Retail
Struggling Korean retail stores lick Dubai chocolate, Dippin' Dots
Back in 2022 when the COVID-19 pandemic was rampant, South Korea’s convenience stores (CVs) saw their sales fly high as people dropped by smal...
Jul 19, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Hanwha Ocean to cut CO2 emissions from ships with smart lighting
Hanwha Ocean Co., South Korea's third-largest shipbuilder, said on Friday it has won an approval in-principle (AIP) certificate from Korean Register...
Jul 12, 2024 (Gmt+09:00)
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Banking & Finance
Mirae Asset's India Billion Consumer ETF surpasses $150 mn in net assets
South Korea's Mirae Asset Global Investments said on Thursday that the net assets of its TIGER India Billion Consumer ETF surpassed 200 billion wo...
Jul 11, 2024 (Gmt+09:00)
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Pension funds
Korea’s military fund taps ex-president of Woori Financial as CIO
South Korea’s Military Mutual Aid Association (MMAA), which managed 10.4 trillion won ($7.5 billion) in assets as of the end of 2023, has tapp...
Jun 28, 2024 (Gmt+09:00)
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Economy
S.Korea’s consumer goods exports to top $100 bn in 2024: KOTRA
South Korea is projected to reap more than $100 billion from selling the country’s consumer goods overseas this year. Exports of such products...
Jun 28, 2024 (Gmt+09:00)
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Electronics
Samsung Bespoke refrigerator sells 3 mn units in five years
Samsung Electronics Co. announced on Tuesday that the cumulative sales of its Bespoke refrigerator in the South Korean market have surpassed 3 milli...
Jun 26, 2024 (Gmt+09:00)
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IPOs
d’Alba maker Bmonument, Memebox, Easytem line up for Korean IPOs
South Korea’s promising beauty and healthcare device startups are looking to go public on the domestic bourse to scale up after gaining popula...
Jun 23, 2024 (Gmt+09:00)
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Private equity
Tcha Partners mulls largest-ever sale of Korean bus operators
Seoul-based private equity firm Tcha Partners Asset Management Co., which owns 17 domestic quasi-public bus operators via four funds that closed at ...
Jun 17, 2024 (Gmt+09:00)
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Energy
Hyundai E&C, KAERI partner to commercialize next-gen reactors
Hyundai Engineering & Construction Co. (Hyundai E&C) announced on Wednesday that it signed a public-private partnership agreement for the so...
Jun 12, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor India to file for IPO in June: reports
Hyundai Motor Co. plans to file for an initial public offering of its wholly owned Indian subsidiary as early as June to raise up to $3 billion in w...
May 28, 2024 (Gmt+09:00)
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IPOs
World’s No.1 magnet wire maker SPSX mulls Korean IPO
Superior Essex Inc. (SPSX), the world’s top magnet wire provider under South Korea’s LS Group, is mulling an initial public offering in ...
May 23, 2024 (Gmt+09:00)
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Electronics
LG named UK’s best home entertainment brand for five years
LG Electronics Inc. announced on Wednesday that it has been named Home Entertainment Brand of the Year at the "Which? Awards," hosted by the UK non-...
May 22, 2024 (Gmt+09:00)
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Artificial intelligence
Korean Air, Amazon to build AI customer center
South Korea's Korean Air Lines Co. announced on Monday that it will build an artificial intelligence (AI) contact center (AICC) platform in collabor...
May 21, 2024 (Gmt+09:00)
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Fashion
Native Korean fast-fashion brands poised to snatch market
South Korea’s homegrown fast-fashion brands are expected to continue making big strides at home as cost-conscious consumers shifted toward mor...
May 08, 2024 (Gmt+09:00)
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The KED View
Shinsegae’s day of reckoning looms for online ambitions
Back in 2021, South Korea’s retail titan Shinsegae Inc. beat its archrival Lotte Shopping Co. to purchase Gmarket and Auction, the country's t...
May 08, 2024 (Gmt+09:00)
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Korean stock market
Kospi 200 firms' values sharply below MSCI developed market rivals
South Korea’s listed firms are undervalued compared with companies in public markets of developed and emerging countries, according to the Kor...
May 03, 2024 (Gmt+09:00)
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Beauty & Cosmetics
CJ Olive Young opens Hongdae Town for K-beauty experience
CJ Olive Young Corp., South Korea’s top beauty store chain, announced on Thursday that it will open Olive Young Hongdae Town, a specialty stor...
Apr 25, 2024 (Gmt+09:00)
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Electronics
LG’s washers selected as best by Consumer Reports
LG Electronics Inc. swept the top three spots in the major categories of the US Consumer Reports Best Washing Machines of 2024 evaluation.The evalua...
Apr 25, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Aekyung AGE20's to enter US cosmetics market
South Korea's Aekyung Industrial Co. announced on Tuesday that it signed a Memorandum of Understanding (MOU) with Silicon2, a global K-beauty distri...
Apr 24, 2024 (Gmt+09:00)
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REITs
Koramco, Fi-public to collaborate on mobile REIT investment
South Korea's Koramco REITs Management and Trust announced on Friday that it plans to launch a personal REIT investment service utilizing a mobile p...
Apr 19, 2024 (Gmt+09:00)
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Korean startups
Korean unicorns slow growth to focus on profits
South Korean unicorns, or startups valued at $1 billion or more, are slowing the pace of growth to shore up their bottom lines as they revive l...
Apr 17, 2024 (Gmt+09:00)
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Corporate bonds
LH issues $193 mn Brazilian bonds
Korea Land & Housing Corporation (LH) announced on Tuesday that it had issued Brazilian real-denominated bonds worth approximately 270 billion w...
Apr 16, 2024 (Gmt+09:00)
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Economy
Burger, chicken franchises raise prices after elections
Fried chicken and hamburger franchises in South Korea have sharply bumped up their food prices following the parliamentary elections last week as th...
Apr 16, 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