e-commerce business
Scope
Date
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Future mobility
Hyundai Motor hires US aerospace expert as UAM business CTO
Hyundai Motor Co. has hired a US aerospace expert as the chief technology officer of its urban air mobility (UAM) business as part of the automotive...
Feb 24, 2021 (Gmt+09:00)
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COVID-19
SK Bioscience eyes $900 mn annual sales from vaccine business
South Korea’s SK Bioscience Co. is looking to post 1 trillion won ($900 million) in annual revenue from its vaccine business as the biopharmac...
Feb 23, 2021 (Gmt+09:00)
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Corporate restructuring
Doosan to spin off No. 1 forklift business to Bobcat
South Korea-based power plant builder Doosan Group is planning to spin off its profitable forklift business into construction equipment affiliate Do...
Feb 22, 2021 (Gmt+09:00)
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Private equity
E-commerce platform TMON raises $276 mn in pre-IPO share sale
South Korea’s e-commerce platform TMON Inc., majority-owned by KKR & Co. and Anchor Equity Partners, has completed its pre-IPO share sale ...
Feb 19, 2021 (Gmt+09:00)
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Mergers & Acquisitions
SK E&S to sell 49% stake in city gas businesses; valued over $900 mn
South Korea-based energy company SK E&S Co. is pushing to liquidate its assets by carrying out a stake sale in its profitable city gas businesse...
Feb 03, 2021 (Gmt+09:00)
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Mergers & Acquisitions
SK E&S to sell 49% stake in city gas businesses; valued over $895 mn
South Korea-based energy company SK E&S Co. is pushing to liquidate its assets by carrying out a stake sale in its profitable city gas businesse...
Feb 02, 2021 (Gmt+09:00)
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Batteries
SK Innovation’s Q4 EV battery business revenue hits record high
South Korea’s SK Innovation Co. on Friday posted record sales revenue in its electric-vehicle battery business in the fourth quarter of 2020 a...
Jan 29, 2021 (Gmt+09:00)
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Investment Fund
SK, China’s Geely eye investment fund for hydrogen, eco-friendly business
South Korea’s SK Holdings Co. and China’s Geely Auto Group are looking to set up a joint fund designed to invest in hydrogen and other e...
Jan 27, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Vingroup eyes LG’s smartphone business: Reports
Vietnam’s largest conglomerate Vingroup is interested in acquiring part of LG Electronics Inc.’s smartphone operation to bolster its hig...
Jan 22, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Lotte Chem ready to bid for JSR’s synthetic rubber business
South Korea’s Lotte Chemical Corp. has completed due diligence on the synthetic rubber operation of JSR Corp., put up for sale by the Japanese...
Jan 20, 2021 (Gmt+09:00)
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Business & Politics
LG Electronics to consider selling smartphone business
South Korea-based LG Electronics Inc. looks to be considering selling off its struggling smartphone division, which has been in the red for 23 con...
Jan 20, 2021 (Gmt+09:00)
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Rubber business disposal
Japan’s JSR reaches out to Lotte, LG for sale of synthetic rubber business
Japan’s JSR Corp. is reaching out to Korean chemical companies to dispose of its synthetic rubber business and focus instead on semiconductor ...
Jan 06, 2021 (Gmt+09:00)
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Mergers & Acquisitions
E-commerce giant eBay kicks off $4.6 bn sale of eBay Korea
E-commerce giant eBay Inc. has officially kicked off the sale process of eBay Korea Co., valued up to 5 trillion won ($4.6 billion), with its sa...
Jan 05, 2021 (Gmt+09:00)
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Korean startups
Live commerce app Grip posts over $22 mn in transactions
South Korea-based live commerce app Grip saw its cumulative transaction amount surpass 24 billion won ($22.2 million), just two years after its ince...
Jan 05, 2021 (Gmt+09:00)
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Overseas orders
Daewoo E&C wins $3.1 bn in orders from Iraq, Mozambique
Daewoo Engineering & Construction Co. has racked up two orders totaling $3.1 billion from Iraq and Mozambique to build a port and an LNG train, ...
Dec 24, 2020 (Gmt+09:00)
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Energy
Hanwha Solutions to raise $1 bn to boost eco-friendly energy businesses
Hanwha Solutions Corp. is preparing to raise 1.2 trillion won ($1.1 billion) through rights issues to shore up new growth drivers, particularly it...
Dec 22, 2020 (Gmt+09:00)
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Energy
S-Oil to speed up push into chemical business
S-Oil Corp., 63.4% owned by Saudi Aramco, will more than double its petrochemical production capacity over the next decade to further expand beyond ...
Dec 21, 2020 (Gmt+09:00)
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Darcy Paquet on Korean film
The art and business of the remake
A decade ago, if you dropped the word "remake" into conversation with someone who worked in the Korean film industry, a discussion might have ensued...
Dec 11, 2020 (Gmt+09:00)
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Regulations
Korea’s commercial law revisions irk businesses, limit top shareholders’ clout
The National Assembly on Wednesday passed a series of commercial law revisions designed to limit business owners’ clout and enhance supervisio...
Dec 10, 2020 (Gmt+09:00)
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In vitro diagnostics
Samsung hands over diagnostics business to local bio firm
Samsung Electronics Co. has agreed to hand over the business rights for its in vitro diagnostics (IVD) unit to a South Korean bio company as part ...
Dec 07, 2020 (Gmt+09:00)
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ESG management
SK to create $27 bn in addt'l net asset value via hydrogen business
SK Holdings Co., the holding company of South Korean conglomerate SK Group, aims to be at the forefront of the country's hydrogen ecosystem as part ...
Dec 02, 2020 (Gmt+09:00)
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Executive reshuffles
Samsung promotes young executives to lead memory, foundry businesses
Samsung Electronics Co. on Wednesday announced a leadership shuffle in its two key businesses – memory chips and foundry – as the South ...
Dec 02, 2020 (Gmt+09:00)
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Electric vehicles
Hyundai Motor unveils all-new electric vehicle platform E-GMP
Hyundai Motor Co. has unveiled a new platform, which will underpin its electric vehicles in coming years as South Korea’s largest automotive g...
Dec 02, 2020 (Gmt+09:00)
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Cloud computing
NHN, Intel team up to take on cloud business
South Korean IT heavyweight NHN Corp. and US-based tech giant Intel Corp. have entered into a strategic partnership to boost their presence in the c...
Nov 26, 2020 (Gmt+09:00)
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Underwater cables
Rising demand for underwater cables keeps LS Cable busy round the clock
DONGHAE, Gangwon Province -- On a winter’s day in Donghae, Gangwon Province, some 250 km northeast of Seoul, LS Cable & System Ltd. wor...
Nov 18, 2020 (Gmt+09:00)
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Corporate strategy
Amazon, SK Telecom join hands in Korea e-commerce market
SK Telecom Co. and online retail giant Amazon.com have agreed to team up in South Korea’s e-commerce market, in a deal that could lead to cross-...
Nov 15, 2020 (Gmt+09:00)
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Mergers & Acquisitions
Korean Air, Asiana may merge MRO businesses after spin-off
South Korea’s two largest airliners, Korean Air Lines Co. and Asiana Airlines Inc., may combine their airplane repair and maintenance businesses...
Nov 13, 2020 (Gmt+09:00)
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Electric vehicles
Hyundai Motor, SP Group to expand EV battery business in Singapore
Hyundai Motor Co. is seeking to expand its electrice vehicle battery business in Southeast Asia in cooperation with Singapore’s state-run utilit...
Nov 12, 2020 (Gmt+09:00)
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Future mobility
Hyundai Motor may buy Boston Dynamics to bolster robotics business
Hyundai Motor Co. may acquire Boston Dynamics Inc., a US-based robotics company, from Japan’s SoftBank Group Corp. in a deal worth as much as $1...
Nov 10, 2020 (Gmt+09:00)
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Earnings
Kakao’s Q3 sales, operating profit soar on e-commerce, online ad gains
South Korea’s mobile platform giant Kakao Corp. said Thursday its operating profit and sales jumped to their all-time highs in the third quarter...
Nov 05, 2020 (Gmt+09:00)
Latest News
- 1 S.Korea’s No.1 dried seaweed firm Kwangcheonkim up for sale for $295 mn
- 2 BOK chief warns against aggressive policy rate cuts, sees need for fiscal stimulus
- 3 S.Korea eases path for foreign REITs in senior housing push
- 4 Koramco targets $7 bn bets on Korea data centers
- 5 Lotte Chemical, HD Hyundai seek big deal via merger of naphtha cracking facilities