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Blockchain
BC Card applies for patent for offline asset authentication via NFT
South Korea's BC Card on Sunday said it applied for a domestic patent for a non-fungible token (NFT) that can verify a user's asset details using bl...
Mar 13, 2023 (Gmt+09:00)
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Construction
Hyundai L&C targets China’s interior materials market
Hyundai L&C, a South Korean building materials company under the Hyundai Department Store Group, said on Sunday that it has entered the Chinese ...
Mar 13, 2023 (Gmt+09:00)
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Banking & Finance
BC Card signs contracts for Indonesia's digital payment project
BC Card Co., a South Korean credit card company, said on Friday it has signed two contracts to provide digital payment services for Indonesia’...
Mar 10, 2023 (Gmt+09:00)
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Shareholder activism
ISS supports Shinhan Financial Group chairman nominee
Proxy adviser Institutional Shareholder Services Inc. (ISS) is supporting the appointment of Shinhan Financial Group chairman nominee Jin Ok-Dong as...
Mar 10, 2023 (Gmt+09:00)
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Economy
S.Korea pledges steps to attract more foreign investment
South Korea will boost foreign investment in the country through increased incentives and deregulation, Finance Minister and Deputy Prime Minister C...
Mar 08, 2023 (Gmt+09:00)
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Petrochemicals
SK Earthon to be reborn as carbon-neutral company
SK Earthon, an oil development subsidiary of South Korea's SK Innovation Co., plans to transform into a carbon-neutral company focused on oil explor...
Mar 07, 2023 (Gmt+09:00)
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Electronics
Global PC, tablet market to shrink over 10% in 2023: research
The global market for personal computers and tablets is expected to shrink by more than 10% this year, as the demand for remote work and learning de...
Mar 07, 2023 (Gmt+09:00)
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Sovereign wealth funds
S.Korea's KIC to strengthen responsible investments
Korea Investment Corporation (KIC) plans to actively voice its opinions on portfolio companies' management over the next two years to tighten its re...
Mar 06, 2023 (Gmt+09:00)
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Food & Beverage
Lotte Chairman to return to beverage unit's boardroom
Lotte Group Chairman Shin Dong-bin is slated to return as an inside director of Lotte Chilsung Beverage Co., the group’s subsidiary and one of...
Mar 03, 2023 (Gmt+09:00)
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Shareholder activism
JB Financial refuses activist fund's request to increase dividends
South Korea’s JB Financial Group Co. has refused a local activist fund’s request to raise dividend payouts, stressing such a measure wil...
Mar 03, 2023 (Gmt+09:00)
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Bio & Pharma
Cha Biotech sells eye-cell technology to Japan's Astellas for $32 mn
Cha Biotech, a South Korean biotechnology company, said on Thursday that it agreed to sell its technology for developing eye-cell therapies to Astel...
Mar 03, 2023 (Gmt+09:00)
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Mergers & Acquisitions
S.Korea kicks off privatization of top container line HMM
South Korea has started the process to privatize the country’s No. 1 container line HMM Co. by tapping advisors for the sale of the controllin...
Mar 03, 2023 (Gmt+09:00)
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Energy
SK Materials makes equity investment in ION for CO2 capture partnership
SK Materials Co., an industrial gas manufacturing affiliate of South Korea’s SK Inc., has made an equity investment in ION Clean Energy Inc., ...
Mar 02, 2023 (Gmt+09:00)
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Food & Beverage
S.Korea's KGC to spur ginseng sales in China with state-run CR Group
Korea Ginseng Corp. (KGC), wholly owned by South Korean tobacco giant KT&G Corp., is set to accelerate sales of its ginseng products across Chin...
Mar 02, 2023 (Gmt+09:00)
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Korean startups
FADU joins ranks of unicorns as S.Korea’s first fabless chip firm
FADU Technology has become South Korea’s first fabless semiconductor unicorn after successfully raising funds from share sales before its init...
Feb 28, 2023 (Gmt+09:00)
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Shareholder activism
Activist fund Tcha Partners calls for Namyang Dairy to buy back shares
Seoul-based activist fund Tcha Partners Asset Management Co. on Monday demanded that South Korea’s Namyang Dairy Products Co. buy back half of...
Feb 27, 2023 (Gmt+09:00)
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Bio & Pharma
SillaJen starts US trial of anti-cancer drug from Basilea
SillaJen Inc. said on Monday it has enrolled the first patient in a US phase 1 trial of an anti-cancer drug BAL0891 licensed from Swiss drugmaker Ba...
Feb 27, 2023 (Gmt+09:00)
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Batteries
Korean firms scurry to expand nickel, lithium supply chains
South Korea’s leading companies such as SK, POSCO, LG and LX are scurrying to expand their supply chains for lithium and nickel, key raw mater...
Feb 24, 2023 (Gmt+09:00)
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Bio & Pharma
Korea's Daewoong to export diabetes drug Envlo to Brazil, Mexico
South Korea’s Daewoong Pharmaceutical Co. said on Feb. 24 it is set to embark on global sales of Envlo, a new drug for diabetes, by exportin...
Feb 24, 2023 (Gmt+09:00)
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Korean stock market
S.Korean firms with focus on emerging Asia to shine
South Korean companies with a large proportion of sales to emerging Asia are expected to shine in the stock market this year as their revenue from t...
Feb 24, 2023 (Gmt+09:00)
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Chemical Industry
POSCO Chemical changes name to POSCO Future M
POSCO Chemical, a chemical subsidiary of the POSCO Group, announced on Friday that it had approved an agenda to change its company name to "POSCO Fu...
Feb 24, 2023 (Gmt+09:00)
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Corporate investment
SK Networks to expand investment in tech firms for future growth
SK Networks Co., the general trading and rental arm of South Korea’s third-largest conglomerate SK Group, will expand direct funding for tech ...
Feb 23, 2023 (Gmt+09:00)
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Upcoming IPOs
Car-sharing platform Humax Mobility begins IPO process
Humax Mobility, a South Korean car-sharing and parking platform operator, is aiming to become the second mobility service firm to go public in the c...
Feb 23, 2023 (Gmt+09:00)
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Shareholder value
Hyundai takes lead in Korea’s dividend policy reform
The Hyundai Motor Group is set to become South Korea’s first conglomerate to disclose dividend allocations ahead of the ex-dividend date, a mo...
Feb 22, 2023 (Gmt+09:00)
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Korean stock market
Smaller firms' successful IPOs fail to boost Korean listing market
South Korean companies are returning to the local initial public offering market this year, after failing their market debuts last year. But that ha...
Feb 22, 2023 (Gmt+09:00)
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Advertising & Marketing
HD Hyundai expands online communication channels
HD Hyundai Co., formerly known as Hyundai Heavy Industries Group, has announced its intention to enhance its online communication channels to better...
Feb 22, 2023 (Gmt+09:00)
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Korean startups
Patty-cooking robotics startup Aniai completes seed funding
Aniai Inc., a foodservice robotics developer founded by a South Korean, said on Feb. 21 it has attracted $3 million via a seed funding round to boos...
Feb 21, 2023 (Gmt+09:00)
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ESG
SK Chemicals joins global initiative to cut carbon emissions
South Korea's SK Chemicals said on Monday that it has joined a global initiative that aims to set science-based targets for reducing greenhouse gas ...
Feb 21, 2023 (Gmt+09:00)
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Economy
Korean shipbuilding, defense sectors offer bright 2023 outlook
South Korea’s major companies in shipbuilding, defense and construction industries expect strong earnings this year, despite growing concerns ...
Feb 16, 2023 (Gmt+09:00)
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ESG
LG Energy Solution joins global climate disclosure initiative
South Korean battery maker LG Energy Solution Ltd. said on Wednesday that it has become the first domestic battery maker to endorse the Task Force o...
Feb 16, 2023 (Gmt+09:00)
Latest News
- 1 Nexon Games rally on Tencent’s attempt to buy Nexon
- 2 JLL, Savills to lead Seoul Square sale in $1 bn deal
- 3 Partners Group sees infrastructure secondaries quadrupling to $60 bn
- 4 MBK-invested Homeplus looks for new owner as M&A emerges as option
- 5 Hyundai Steel to displace Baoshan as GM Korea's supplier