corporate knowledge management service
Scope
Date
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Automobiles
Hyundai, Kia post record US car sales as Japanese firms struggle
Hyundai Motor Co. and Kia Corp., the two automaking units of Hyundai Motor Group, saw their combined auto sales in the US rise to their highest leve...
Feb 03, 2022 (Gmt+09:00)
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Automobiles
Hyundai Motor launches robotaxi service in upscale Gangnam district
City governments, automakers, and tech giants are leading the adoption of robotaxis in major cities throughout South Korea. The Ministry of L...
Feb 02, 2022 (Gmt+09:00)
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Corporate restructuring
POSCO wins shareholder support to launch holding firm
South Korea's POSCO Co. will transform into a holding company structure on Mar. 2, after its plan to split itself into a holding firm and a steelmak...
Jan 28, 2022 (Gmt+09:00)
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Alternative investments
German urban logistics and light industrial assets promising, DLE says
The pandemic has brought logistical real estate and infrastructure into the spotlight driven by long-term underlying e-commerce trends. It is advant...
Jan 28, 2022 (Gmt+09:00)
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Corporate bonds
Corporates raise record-high $193 bn via stakes, bonds in 2021
Korean companies raised capital of 231.5 trillion won ($193.2 billion) through stock and bond issuance in the domestic market in 2021, according t...
Jan 25, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Megazone Cloud to attract up to $336 mn for 2023 IPO
Megazone Cloud Corp., a leading cloud service provider and the first Korean business partner of Amazon Web Service (AWS), plans to attract 300 billi...
Jan 20, 2022 (Gmt+09:00)
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Digital assets
Korea's Mirae Asset to launch digital asset business
Mirae Asset Financial Group, South Korea’s capital market giant, is set to enter the digital asset business, starting with a digital asset cus...
Jan 19, 2022 (Gmt+09:00)
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Alternative investments
Hana jointly acquires Boston-based multifamily for $262 mn
Hana Alternative Assets Management Co. and a US asset manager acquired a tower of luxury multifamily housing assets in Seaport Boulevard, Bost...
Jan 18, 2022 (Gmt+09:00)
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Corporate strategy
KT, Shinhan form $370 mn digital alliance
South Korea's leading telecom operator KT Corp. has entered into a strategic alliance with the country's No. 2 lender Shinhan Bank, involving a $370...
Jan 17, 2022 (Gmt+09:00)
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Cryptocurrencies
WeMade under fire for massive clandestine WEMIX cryptocurrency sale
WeMade Co., a South Korean video game developer, has come under criticism for the massive unnoticed selling of its cryptocurrency WEMIX, allegedly i...
Jan 11, 2022 (Gmt+09:00)
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M&As
The Princeton Review up for sale by Korean edutech firm
South Korea's leading edutech service firm has put The Princeton Review up for sale, five years after it acquired the US college test preparation se...
Jan 11, 2022 (Gmt+09:00)
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Venture capital
GS launches corporate VC firm
GS announced the establishment of a corporate venture capital (CVC) firm Sunday, the first of its kind for a holding company in Korea. The announcem...
Jan 09, 2022 (Gmt+09:00)
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Metaverse
Biotech firm EDGC embarks on metaverse journey
EONE-DIAGNOMICS Genome Center Co. ( EDGC ) announced this week it would participate in AI Human Metaverse Project consortium – along with seven ...
Jan 05, 2022 (Gmt+09:00)
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Insurance
Samsung SRA taps former KIC infra head as CEO
Samsung SRA Asset Management Co. has named its former managing director (MD) and chief investment officer Chung-Keun Kim as its new chief executive,...
Jan 04, 2022 (Gmt+09:00)
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Korean startups
Former K-pop dancer turns to AI for personal training services
When Dia Kang first moved to Silicon Valley in October 2016 to create a dance app to learn K-pop moves, there was no worldwide pandemic. By Jan...
Jan 04, 2022 (Gmt+09:00)
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Alternative investments
Hana Alternative to sell NASA HQ acquired in 2017
Hana Alternative Assets Management Co. is looking for a buyer of Two Independence Square in Washington D.C., the NASA headquarters. Hana has selecte...
Jan 04, 2022 (Gmt+09:00)
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SK Telecom and KT to compete in AI chipmaking
SK Telecom Co. and KT Corp. are poised to go head to head in manufacturing chips for artificial intelligence. The telecom giants will utilize their...
Jan 03, 2022 (Gmt+09:00)
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BTS’ NFT venture hits sour note with fans
SEOUL—When BTS unveiled plans last month to break into the NFT business, the South Korean boy band’s supporters revolted online, threate...
Jan 03, 2022 (Gmt+09:00)
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Future Mobility
Hyundai to launch Level 3 self-driving Genesis G90 in H2
Hyundai Motor Co., South Korea’s top automaker, aims to roll out mass-produced hands-free Level 3 self-driving cars, starting with the flagshi...
Jan 02, 2022 (Gmt+09:00)
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Markets
Foreigners’ Korean stockholdings soar 180-fold in 30 years
Foreign investors ramped up their holdings of South Korean stocks 180 times in 30 years, increasing influence in the local financial markets and dom...
Dec 31, 2021 (Gmt+09:00)
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Korean chipmakers
SK Hynix to list Intel’s NAND unit on Nasdaq
South Korea’s SK Hynix Inc. decided to list the recently acquired Intel Corp.’s NAND flash memory chip business on the Nasdaq in a move ...
Dec 30, 2021 (Gmt+09:00)
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Airlines
FTC announces conditions for Korean Air, Asiana merger
South Korea’s antitrust regulator the Fair Trade Commission (FTC) has decided on conditional approval for Korean Air Lines Co.‘s 1.8 tri...
Dec 29, 2021 (Gmt+09:00)
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Executive reshuffles
POSCO puts stability above reform in management overhaul
South Korea’s steel giant POSCO has chosen stability over reform in its latest management overhaul, retaining most chief executives at group a...
Dec 22, 2021 (Gmt+09:00)
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Alternative investments
IGIS pre-purchases Amazon, FedEx warehouses
IGIS Asset Management Co., South Korea’s largest real estate asset manager, has made a forward funding deal of three logistics centers under...
Dec 22, 2021 (Gmt+09:00)
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Alternative Investments
Tiger Alternative liquidates its structured fund with over 15% IRR
South Korea’s Tiger Alternative Investors Co. has liquidated its structured fund backed by shares of US-based business development companies...
Dec 21, 2021 (Gmt+09:00)
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Executive reshuffles
Hyundai Motor overhauls management in biggest-ever generational revamp
Hyundai Motor Group, South Korea’s second-largest conglomerate, on Friday replaced its mid-tier executives in its largest personnel reshuffle ...
Dec 17, 2021 (Gmt+09:00)
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Future mobility
Hyundai’s Motional, Uber to launch self-driving food delivery service
Motional Inc., a US mobility joint venture between Hyundai Motor Co. and Aptiv PLC, has teamed up with Uber Technologies Inc. to provide an autonomo...
Dec 17, 2021 (Gmt+09:00)
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Private equity
EQT chairman sees technology and services as attractive sectors in Korea
High price tags of target companies can be justified if you understand long-term trends of the industry and have expertise in the sectors, Conni Jon...
Dec 15, 2021 (Gmt+09:00)
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Automobiles
Hyundai to bolster in-car video services with CJ ENM
Drivers of Hyundai Motor Co. and Kia Corp. are set to enjoy their favorite original TV shows and dramas in-vehicle in near real-time, created by Sou...
Dec 08, 2021 (Gmt+09:00)
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Economy
S.Korea's Oct c/a surplus down 40% on oil price rises
South Korea's current account surplus in October narrowed by 40% from a year earlier, with the rapid rise in crude oil and raw material prices offse...
Dec 07, 2021 (Gmt+09:00)
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Latest News
- 1 Want to look beautiful? – Here’s the 'Made In Korea' mask pack
- 2 LG Chem closes $1 bn water filter division sale to Glenwood PE
- 3 Hyundai Motor-backed Motional names AI veteran Laura Major as CEO
- 4 President Lee: Businesses at center of policy priorities for economic growth
- 5 Samsung supplies HBM3E to AMD’s new accelerators