cloud operating
Scope
Date
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ESG
LS Cable to step up ESG efforts by recycling wooden cable drums
LS Cable & System Ltd. is slated to begin recycling wooden cable drums as part of its environmental, social and governance (ESG) management effo...
Jul 04, 2022 (Gmt+09:00)
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Electronics
LG Elec.-SM Ent. tie up to challenge Apple Fitness+
LG Electronics Inc. and SM Entertainment Co., South Korea’s giants in the home appliances and entertainment sectors, joined hands in the home ...
Jul 01, 2022 (Gmt+09:00)
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Healthcare
CHA Healthcare buys major Australian fertility center
South Korea’s medical center operator CHA Healthcare Co. said on Monday it has acquired the management rights of Fertility Specialists of West...
Jun 27, 2022 (Gmt+09:00)
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Artificial intelligence
LG CNS launches AI robot subscription service for warehouse operators
LG CNS unveiled a cloud-based logistics robot subscription service on Tuesday, which could save warehouse operators a significant amount in upfront ...
Jun 22, 2022 (Gmt+09:00)
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Entertainment
Korea’s adult audio platform eyes Japan for global biz
South Korea’s adult audio content platform for women raised money to make inroads into Japan as a start of its global business.Sensual Moment ...
Jun 21, 2022 (Gmt+09:00)
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Korean games
Netmarble to officially launch Seven Knights Revolution on July 28
Netmarble Corp. is poised to officially launch its latest game Seven Knights Revolution on July 28 in South Korea. The South Korean mobile game...
Jun 16, 2022 (Gmt+09:00)
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Economy
Korea Inc. hit by rising commodity prices, weak won, supply crisis
South Korea’s major industries, especially the petrochemical and auto parts sectors, are suffering from surging global commodity prices, a wea...
Jun 15, 2022 (Gmt+09:00)
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Mergers & Acquisitions
McDonald’s to sell Korea operation, heating up burger M&As
McDonald’s Corp., the world’s top fast-food restaurant operator, is seeking to sell its South Korean business, heating up the mergers an...
Jun 09, 2022 (Gmt+09:00)
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Artificial intelligence
Naver to enter smart building market with 5G, AI robots
South Korea’s online portal giant Naver Corp. is set to enter the local smart building market with its cloud-based 5G networks and artificia...
Jun 08, 2022 (Gmt+09:00)
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Hydrogen economy
SK Gas, Lotte Chemical to launch JV for hydrogen power generation
SK Gas Co., a South Korean major liquefied petroleum gas (LPG) provider, and Korean chemicals firm Lotte Chemical Corp. are slated to set up a joint...
Jun 02, 2022 (Gmt+09:00)
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Future mobility
Four consortiums bid for Seoul’s flying car program
A total of four consortiums announced their bids for the government-run urban air mobility (UAM) program titled K-UAM Grand Challenge on Tuesday.&nb...
May 31, 2022 (Gmt+09:00)
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Batteries
Why batteries were left out of Samsung's huge investment plan
Citigroup Global Markets on Monday slashed its target price for Samsung SDI Co., one of South Korea's top three battery makers, by almost half and d...
May 30, 2022 (Gmt+09:00)
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Sharehoder value
KT Cloud targets $792 million with new stock issuance
KT Cloud is working to raise 1 trillion won ($792 million) by issuing new shares. The cloud arm of telecom juggernaut KT Corp. plans to use the...
May 25, 2022 (Gmt+09:00)
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Food & Beverage
Tous les Jours, the next K-bakery to lure US customers
Tous les Jours, South Korea’s second-largest bakery franchise, is rapidly expanding its US business by attracting customers with greater varie...
May 23, 2022 (Gmt+09:00)
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Tech, Media & Telecom
KT maintains throne in Korea pay TV market in H2 2021
KT Corp., a major South Korean telecommunications company, and its affiliates had the largest subscribers of the country’s pay TV services, ma...
May 19, 2022 (Gmt+09:00)
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IPOs
LG CNS sees record-high revenue, operating profit in Q1
In the first three months of this year, LG CNS had the best performing first quarter in its history. The LG Corp. subsidiary set records for both re...
May 16, 2022 (Gmt+09:00)
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Future mobility
S.Korea to launch $1.3 bn air taxi research project
The South Korean government will launch a 1.6 trillion won ($1.3 billion) project to set basic standards for urban air mobility (UAM), or air taxi, ...
May 13, 2022 (Gmt+09:00)
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Electric vehicles
LS Group revs up to enter EV charging business
South Korean conglomerate LS Group is eyeing the growing electric vehicle industry and the markets derived from it. The group announced the lau...
Apr 29, 2022 (Gmt+09:00)
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Earnings
LG Elec. sees tough road ahead after record earnings in Q1
LG Electronics Inc., the world’s top home appliances maker, expects business conditions to deteriorate in the second quarter amid higher costs...
Apr 28, 2022 (Gmt+09:00)
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Energy
SK Earthon to explore oil block off Malaysian coast
South Korea’s SK Earthon Co., an energy and petroleum unit of SK Innovation Co., and Malaysia's Petroleum Sarawak Exploration & Production...
Apr 25, 2022 (Gmt+09:00)
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Earnings
Naver to cut costs for profitability after disappointing Q1
Naver Corp., South Korea’s dominant online platform, will focus on cutting costs and reducing new hiring to improve profitability as its disap...
Apr 21, 2022 (Gmt+09:00)
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Retail
Lotte to end dawn delivery service where Coupang, Kurly lead
South Korea’s retail giant Lotte Group will cease dawn delivery services for fresh food from this weekend, two years after it jumped into the ...
Apr 13, 2022 (Gmt+09:00)
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Korean startups
Creator tech startup Awake Corp. attracts over $892,000 in seed funding
Awake Corp., a startup that operates platforms to assist online creators, recently attracted 1.1 billion won ($892,473) in seed capital. The total a...
Apr 12, 2022 (Gmt+09:00)
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Batteries
POSCO Chem breaks ground for battery material plant
South Korea’s POSCO Chemical Co. started construction of a battery material plant in the country as a part of its plan to boost production cap...
Apr 07, 2022 (Gmt+09:00)
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IPOs
Kurly’s mounting losses spark controversy over planned IPO
South Korea’s Kurly Inc. nearly doubled its on-year losses on higher costs last year -- raising market controversy over its listing -- as the ...
Apr 06, 2022 (Gmt+09:00)
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Cloud computing
KT, NHN launch cloud subsidiaries
South Korea’s second-largest wireless carrier KT Corp. launched a cloud computing subsidiary on Friday. Cloud computing is the on-demand ...
Apr 03, 2022 (Gmt+09:00)
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Earnings
Korea manufacturers see dismal Q1 after stellar profits in 2021
South Korean companies, especially manufacturers, suffered surging commodity prices, a weak won currency and global logistics disruptions in the fir...
Apr 01, 2022 (Gmt+09:00)
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Korean startups
SaaS provider Clika wants to lead S. Korea's MLOps market
The wider adoption of artificial intelligence around the globe calls for more data in the form of high quality photos, videos, and text. With t...
Apr 01, 2022 (Gmt+09:00)
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Shareholder activism
Activist fund wins over K-pop pioneer at SM Entertainment annual meeting
South Korea’s entertainment behemoth SM Entertainment Co. is poised to have a new outside auditor – a measure expected to bring a much-a...
Mar 31, 2022 (Gmt+09:00)
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Corporate bonds
NongHyup Life to issue $493 mn in subordinated bonds
NongHyup Life Insurance Co. of South Korea is slated to issue 10-year-maturity subordinated bonds worth 600 billion won ($492.6 million) on March 31...
Mar 29, 2022 (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