US transformer market
Scope
Date
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Tech, Media & Telecom
LG to inject $700 million in startups in West Virginia
CHARLESTON, WV – LG Electronics Inc. will form a fund with the State of West Virginia to inject $700 million over the next five years to foste...
Jan 04, 2024 (Gmt+09:00)
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IPOs
DN Solutions seeks IPO at $3 bn enterprise value on Korea’s main bourse
DN Solutions Co., formerly Doosan Machine Tools Co., is seeking an initial public offering on South Korea’s main bourse, aiming to make a Kosp...
Jan 03, 2024 (Gmt+09:00)
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Electronics
LG OLED TV named Best TV in US
LG Electronics Inc. 's organic light emitting diode (OLED) evo 65G3 was named as Best TVs Overall in the Consumer Reports' Best TVs of 2024, accordi...
Jan 03, 2024 (Gmt+09:00)
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Advertising & Marketing
Innocean establishes social marketing subsidiary
Innocean Worldwide Inc., the global marketing communications arm of Hyundai Motor Group, announced on Wednesday that it has established its social m...
Jan 03, 2024 (Gmt+09:00)
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Bio & Pharma
Medytox establishes US subsidiary Luvantas
South Korean pharmaceutical company Medytox Inc. announced on Wednesday that its establishment of the US subsidiary Luvantas.The goal is the global ...
Jan 03, 2024 (Gmt+09:00)
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Bio & Pharma
CGBio gets FDA approval for Novosis Putty
South Korea's bio-regenerative medical firm CGBio announced on Tuesday that its Novosis Putty has been designated as a breakthrough device by the US...
Jan 02, 2024 (Gmt+09:00)
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Fashion
Adidas Korea separates its marketing strategy from APAC
Sportswear giant adidas AG started operating its South Korean affiliate as a separate market from the Asia-Pacific region on Jan. 2 to quickly respo...
Jan 02, 2024 (Gmt+09:00)
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Business & Politics
South Korea set to abolish financial investment gains tax: Yoon
South Korea plans to abolish capital gains taxes on financial investments to revitalize the lackluster domestic financial market and help individual...
Jan 02, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Samsung Heavy wins $1.5 bn order for FLNG
South Korea's shipbuilder Samsung Heavy Industries announced on Tuesday that it has secured an order for one floating liquefied natural gas (FLNG) p...
Jan 02, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung, SK Hynix join forces with foreign rivals to win AI chip war
South Korea’s two chip giants Samsung Electronics Co. and SK Hynix Inc. are expected to further deepen ties with rivals and customers from aro...
Dec 31, 2023 (Gmt+09:00)
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Chemical Industry
S.Korean refiners’ race for EV lubricants heats up
South Korean major refiners are upping the ante to win the market for electric vehicle lubricants and liquid coolants for heat management amid the r...
Dec 31, 2023 (Gmt+09:00)
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Future mobility
42dot to lead Hyundai Group's in-vehicle software R&D
Hyundai Motor Group’s self-driving technology arm 42dot Inc. will absorb the electronics, infotainment and autonomous driving technology divis...
Dec 29, 2023 (Gmt+09:00)
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Food & Beverage
CJ CheilJedang opens online B2B section
South Korean food giant CJ CheilJedang Corp. introduced a business-to-business (B2B) section CJ The Market for Biz on its e-commerce website CJ The ...
Dec 29, 2023 (Gmt+09:00)
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Electric vehicles
LG gets UL certification for EV charger
LG Electronics Inc. said on Friday that its electric vehicle (EV) charger has received certification from Underwriters Laboratories (UL), the US-b...
Dec 29, 2023 (Gmt+09:00)
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Automobiles
Hyundai Mobis' auto parts sweep safety, technology awards
South Korean auto parts maker Hyundai Mobis Co. said Thursday that 10 of its new technologies received or or are finalists for awards from external ...
Dec 28, 2023 (Gmt+09:00)
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Corporate restructuring
Taeyoung files for debt workout; offers to sell stake in KKR JV
South Korea’s Taeyoung Group, saddled with 5.6 trillion won ($4.4 billion) in debt and loans it has guaranteed, filed for a debt workout progr...
Dec 28, 2023 (Gmt+09:00)
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Korean innovators at CES 2024
Food tech market emerges as IT firms' new battleground
The food technology market is set to become the new battleground for tech giants and startups as they race to develop the world's most customized an...
Dec 27, 2023 (Gmt+09:00)
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Korean games
Korean game developers expedite global conquest
South Korea’s major game developers NCSOFT Corp., Nexon Co. and Netmarble Corp. plan to roll out new games for overseas players next year in a...
Dec 26, 2023 (Gmt+09:00)
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Automobiles
Hyundai Mobis, Wind River to build digital space for SDV
South Korea’s Hyundai Mobis announced on Monday that it will build a digital twin system named M.Dev Studio with the US-based software compa...
Dec 26, 2023 (Gmt+09:00)
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Bio & Pharma
J&J seeks US, European approval for drug developed with Yuhan
Global healthcare giant Johnson & Johnson is seeking approval for a lung cancer drug developed with Yuhan Corp., bringing the South Korean pha...
Dec 22, 2023 (Gmt+09:00)
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Automobiles
Grandeur regains Korean sedan crown after two-year hiatus
Hyundai Motor Co.'s Grandeur mid-to-large-sized sedan is poised to reclaim its crown as the best-selling Korean car in the domestic passenger car se...
Dec 22, 2023 (Gmt+09:00)
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Advertising & Marketing
HS Ad, Coupang to co-work for retail media advertising
South Korea’s HS Ad Inc. announced on Thursday that it will collaborate with the domestic e-commerce giant Coupang for data-based digital mark...
Dec 21, 2023 (Gmt+09:00)
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Robotics
Daedong partners with POSCO to build first robot for steel mills
Daedong Corp., South Korea’s leading tractor and farm machinery maker, said on Thursday it has teamed up with POSCO Holdings Inc., the parent ...
Dec 21, 2023 (Gmt+09:00)
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Food & Beverage
S.Korea sees new record of seaweed exports
South Korea's seaweed (Gim) exports hit 1 trillion won ($770 million) in this year, the Ministry of Oceans and Fisheries announced on Wednesday. I...
Dec 21, 2023 (Gmt+09:00)
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Energy
LG Energy Solution Vertech wins 10GWh ESS projects in the US
LG Energy Solution Vertech Inc., a Texas-based energy storage system (ESS) supplier, has secured a combined 10-gigawatt hours (GWh) of grid-scale ba...
Dec 21, 2023 (Gmt+09:00)
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Food & Beverage
CJ CheilJedang to launch Excycle Basak Chip in global market
South Korean food company CJ CheilJedang Corp. announced on Thursday that it introduced its Excycle Basak Chip, a snack born from their in-house ven...
Dec 21, 2023 (Gmt+09:00)
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Bio & Pharma
Boryung, HK inno.N to co-market Kanarb, K-CAB
South Korea’s pharmaceutical companies Boryung Corp. and HK inno.N announced on Wednesday that they will start co-marketing for their respec...
Dec 20, 2023 (Gmt+09:00)
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Batteries
LG Chem breaks ground on its 1st US cathode plant
CLARKSVILLE, TN – South Korea’s No. 1 chemical maker LG Chem Ltd. striving to become a leading global battery materials player broke gro...
Dec 20, 2023 (Gmt+09:00)
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Fintech
Korean Kakao Pay’s acquisition of US' Siebert collapses
South Korean Kakao Pay Corp.'s takeover deal of US-based Siebert Financial Corp. has failed amid the growing legal risks surrounding top executives ...
Dec 20, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
HD Hyundai builds VR shipyard Twin FOS
South Korea’s HD Hyundai Co. announced on Wednesday that it completed the building of a virtual reality shipyard, the first stage of its Futur...
Dec 20, 2023 (Gmt+09:00)
Latest News
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- 2 Nexon Games rally on Tencent’s attempt to buy Nexon
- 3 JLL, Savills to lead Seoul Square sale in $1 bn deal
- 4 Partners Group sees infrastructure secondaries quadrupling to $60 bn
- 5 MBK-invested Homeplus looks for new owner as M&A emerges as option