cost-effective products
Scope
Date
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Beauty & Cosmetics
Skincare giant Cosmax adds pet care line
South Korea’s beauty products manufacturer Cosmax Inc. has entered the rapidly growing pet products market.The company specializes in receiv...
Feb 24, 2022 (Gmt+09:00)
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Energy
LG Electronics to pull out of solar panel market
South Korea's LG Electronics Inc. said on Wednesday it has decided to close its solar panel business in the face of deepening competition and sluggi...
Feb 23, 2022 (Gmt+09:00)
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Aerospace & Defense
Hanwha Defense secures land for K9 howitzer production in Australia
Hanwha Defense Co. announced Wednesday it has secured a large property in Australia for building a production facility for the K9 Thunder self-prope...
Feb 23, 2022 (Gmt+09:00)
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Electric vehicles
Korea’s trading firms set sights on EV parts production for growth
South Korea’s general trading companies, which usually work as middlemen linking buyers with sellers, are seeking to transform into eco-friend...
Feb 22, 2022 (Gmt+09:00)
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Batteries
SK On aims to dominate global battery market by 2030
SK On Co. is on track to become the world’s No. 1 battery maker by 2030, the company said on Sunday. During an interview with the in-ho...
Feb 21, 2022 (Gmt+09:00)
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Electronics
With Samsung’s new Bespoke lineup, it’s home made perfect
Samsung Electronics Co. on Thursday unveiled a new lineup of its flagship Bespoke home appliances, including a newly introduced premium line of Besp...
Feb 17, 2022 (Gmt+09:00)
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Battery materials
Korea’s Solus supplies battery copper foil to Tesla
South Korea’s Solus Advanced Materials started supplying battery copper foil to Tesla Inc. in January, becoming the country’s first batt...
Feb 16, 2022 (Gmt+09:00)
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Korean games
NCSoft's 2021 profit halves on labor, marketing costs
South Korea's NCSoft Corp., the publisher of the popular mobile game Lineage series, on Tuesday reported a worse-than-expected operating profit in 2...
Feb 15, 2022 (Gmt+09:00)
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Bio & Pharma
Lotte to develop seawater-degradable bioplastic material
South Korea’s Lotte Chemical Corp. plans to develop a decomposable bioplastic material in seawater for production based on petrochemicals for ...
Feb 15, 2022 (Gmt+09:00)
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Korean chipmakers
SK Hynix to benefit from Western Digital production disruption
South Korea’s SK Hynix Inc., the world’s second-largest memory chipmaker, is expected to be a key beneficiary from production disruption...
Feb 11, 2022 (Gmt+09:00)
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Corporate bonds
Korea corporate borrowing costs jump to 8-year peaks
South Korean companies suffered from surging financing costs as corporate bond yields shot to eight-year highs. Affiliates of major conglomerates wi...
Feb 10, 2022 (Gmt+09:00)
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Batteries
Samsung SDI in talks with global automaker for battery joint venture
South Korea’s Samsung SDI Co. is in talks with a global automaker to launch a battery production joint venture following its partnership last ...
Jan 28, 2022 (Gmt+09:00)
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Earnings
LG overtakes Whirlpool as top appliance maker with record 2021 sales
LG Electronics Inc. has overtaken Whirlpool Corp. as the world’s top manufacturer of home, kitchen and laundry appliances after posting record...
Jan 27, 2022 (Gmt+09:00)
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Earnings
Samsung’s 2022: Year of war on uncertainty, shaky supply chain
Samsung Electronics Co.'s spectacular 2021 earnings report on Thursday was overshadowed by its murky business outlook, as the world’s top make...
Jan 27, 2022 (Gmt+09:00)
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Economy
S. Korea's economic growth jumps to 11-year high
South Korea recorded 4% economic growth in 2021 – its highest jump in 11 years – according to the country’s central bank. The Ban...
Jan 25, 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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Automobiles
Korean tire makers to raise prices on higher costs
South Korea’s three leading tire makers joined the global industry’s plans to raise product prices to maintain profitability amid higher...
Jan 18, 2022 (Gmt+09:00)
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Automobiles
Hyundai Motor’s Alabama plant: World’s second most productive
Hyundai Motor Co.'s US manufacturing plant in Montgomery, Alabama is the world’s second most productive assembly plant, contributing to the So...
Jan 11, 2022 (Gmt+09:00)
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Economy
Korea 2021 exports hit record on strong sales of key products
South Korea’s exports last year hit a record on strong sales of key products such as semiconductors, automobiles and petrochemicals.Exports su...
Jan 02, 2022 (Gmt+09:00)
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Year-end review
Kosdaq: Will January effect occur in 2022?
South Korea’s tech-heavy Kosdaq index tends to rise every January as many Korean retail investors rush to dump their stocks just before the ex...
Dec 31, 2021 (Gmt+09:00)
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Metaverse
Naver Webtoon to acquire Korea’s virtual human maker
Naver Webtoon Ltd., the digital comics platform of South Korea’s online portal giant Naver Corp., is set to acquire the management rights of d...
Dec 22, 2021 (Gmt+09:00)
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Electronics
LG Display OLED TV panel sales top 20 mn units on strong demand
South Korea’s major display panel maker LG Display Co. is estimated to have sold more than 20 million units of organic light-emitting diode (O...
Dec 22, 2021 (Gmt+09:00)
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Batteries
Rechargeable battery shares slump to lowest level in a year
Rechargeable battery shares in Korea are continuing their slide, hit by global supply shortages. In addition to the companies that produce completed b...
Dec 21, 2021 (Gmt+09:00)
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Carbon neutrality
POSCO to build mini mills for carbon neutrality
POSCO Co., the world’s No. 5 steelmaker, plans to build mini mills, electric arc furnaces for hot rolled steel, in South Korea as part of it...
Dec 20, 2021 (Gmt+09:00)
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Steel
Korean steel mills rush to secure metal scrap from abroad
South Korean steelmakers, led by POSCO Co., are rolling up their sleeves to secure metal scrap as they are shifting into less carbon-intensive steel...
Dec 20, 2021 (Gmt+09:00)
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Corporate restructuring
Samsung launches merged set division as DX; robotics new growth driver
Samsung Electronics Co. has officially launched its new set division, which combines its mobile and consumer electronics businesses into a single un...
Dec 12, 2021 (Gmt+09:00)
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AgTech
Korea sets up smart farm in UAE, envisions more projects in Middle East
South Korea is building a smart farm in the Middle East desert with technology enabling the growth of various crops while minimizing water consumpti...
Dec 07, 2021 (Gmt+09:00)
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Economy
Korean wage growth increases inflationary pressure
South Korea’s wage growth in the third quarter hit its highest point in three and half years, adding to inflationary pressure in Asia’s ...
Dec 07, 2021 (Gmt+09:00)
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Batteries
LG Energy to secure $1.36 bn to raise US battery output
LG Energy Solution Ltd. is set to secure $1.36 billion to expand US battery output capacity, joining the fundraising race among South Korean battery...
Nov 26, 2021 (Gmt+09:00)
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Entertainment
Costa Rican president: His family K-drama fans, seeks joint production
Costa Rican President Carlos Alvarado Quesada has praised South Korean movies such as the Oscar-winning Parasite and drama series such as Squid Game...
Nov 25, 2021 (Gmt+09:00)
Latest News
- 1 S.Korea eases path for foreign REITs in senior housing push
- 2 Koramco targets $7 bn bets on Korea data centers
- 3 Lotte Chemical, HD Hyundai seek big deal via merger of naphtha cracking facilities
- 4 South Korea accelerates stablecoin framework in global race
- 5 Lee vows policy overhaul to spur dividend payouts