game development company WeMade
Scope
Date
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Electronics
Samsung, LG gear up for launch of 8K gaming monitors
Samsung Electronics Co. and LG Electronics Inc., South Korea’s two largest TV makers, are bracing for the impending arrival of a next-generati...
Nov 07, 2022 (Gmt+09:00)
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Earnings
Kakao's Q3 profit drops 12% on games, data center construction
South Korea’s mobile platform giant Kakao Corp. announced its third-quarter earnings on Nov. 3, including quarterly operating profit of 150.3 ...
Nov 04, 2022 (Gmt+09:00)
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Construction
Doosan Enerbility to supply offshore wind substructures to Orsted
South Korea’s leading power plant builder Doosan Enerbility Co. said on Thursday that its Vietnamese subsidiary has signed an agreement to pro...
Nov 04, 2022 (Gmt+09:00)
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Carbon neutrality
Hyundai Heavy to invest $30 million in TerraPower for SMR business
South Korea’s Hyundai Heavy Industries Group said on Friday it has signed a deal to invest $30 million in TerraPower, a US nuclear power ventu...
Nov 04, 2022 (Gmt+09:00)
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Batteries
SK On may secure money for capex from parent company
SK On Co., the world’s fifth-largest electric battery maker, may receive money for capacity expansion from its parent company SK Innovation Co...
Nov 04, 2022 (Gmt+09:00)
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Mergers & Acquisitions
TPG to sell off Korean luxury tile firm Nox's parent for $421 mn
US alternative investment manager TPG Inc. is poised to sell a 65% stake in South Korea’s Moleem Corp., the parent of global leading luxury vi...
Nov 04, 2022 (Gmt+09:00)
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Korean startups
SK Chair Chey advises startups to address social issues for viability
In an event that marked the 10-year anniversary of startup accelerator SparkLabs, South Korean business magnate Chey Tae-won said now is the time fo...
Nov 04, 2022 (Gmt+09:00)
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Leadership & Management
Samsung Elec's brand value rises to $87.7 billion
Samsung Electronics' brand value has broken the $80 billion mark. Korea's flagship company saw such value grow in double digits for the second ...
Nov 04, 2022 (Gmt+09:00)
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Korean startups
LG Electronics, 6 stellar startups to jointly develop B2B growth engines
LG Electronics will team up with promising startups to discover and develop new growth engines for business-to-business (B2B) operations. LG Electro...
Nov 03, 2022 (Gmt+09:00)
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Korean games
Korea's WeMade shakes off crisis, secures new investment
Korea's game development company WeMade has secured new investment worth 66 billion won ($46.4 million), breathing a sigh of relief after receiving ...
Nov 03, 2022 (Gmt+09:00)
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Leadership & Management
Select Korean companies seek to raise cash reserves
Several corporations have recently sold stocks and real estate apparently to boost liquidity and repay maturing debts amid the "three high" era of h...
Nov 03, 2022 (Gmt+09:00)
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Corporate governance
Dongwon Industries reborn as holdings company after 53 years
Korea's seafood giant Dongwon Industries on Wednesday said its completed merger with Dongwon Enterprise has given their parent Dongwon Group a new h...
Nov 02, 2022 (Gmt+09:00)
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Bio & Pharma
SK Biopharmaceuticals to make CES debut in January
SK Biopharmaceuticals will take part in CES 2023, the world's largest trade show for IT and electronics held in Las Vegas, to unveil its medical dev...
Nov 02, 2022 (Gmt+09:00)
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Carbon neutrality
Korea's POSCO gets greener via integrated CO2-free brand
Korea's POSCO has introduced the integrated brand Greenate to symbolize the commitment of the nation's top steelmaker to achieve carbon neutrality b...
Nov 02, 2022 (Gmt+09:00)
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ESG
Korea's SK Chemicals to make chemically recycled food containers
South Korea's SK Chemicals on Tuesday said it has joined forces with Poolinglim P&P to make the nation's first food containers using chemically ...
Nov 01, 2022 (Gmt+09:00)
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Bio & Pharma
No more ineffective drugs due to resistance
L-Base is a pharmaceutical startup specializing in developing drugs for those who become resistant to existing cancer treatments. This year, the Minis...
Nov 01, 2022 (Gmt+09:00)
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Shareholder activism
Game publisher Com2uS buys $47 mn worth of SM Entertainment shares
South Korean mobile and online game developer and publisher Com2uS Corp. acquired a whopping 67 billion won ($47 million) worth of SM Entertainment ...
Nov 01, 2022 (Gmt+09:00)
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Shareholder activism
Korea's underwear giant BYC asked to open accounting books
Insider trading without due process.This is what South Korea's Truston Asset Management, the No. 2 stakeholder of underwear giant BYC with 8.13%, ha...
Nov 01, 2022 (Gmt+09:00)
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Earnings
Meritz Securities posts positive third-quarter earnings surprise
Meritz Securities saw net profit rise 14% in the third quarter in stark contrast to other brokerages suffering from earning shocks due to the stock ...
Nov 01, 2022 (Gmt+09:00)
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Retail
Conglomerates cancel commercial events following Itaewon crowd crush
South Korean conglomerates are canceling promotional events through to the end of the year, following the tragic deaths of more than 150 people in t...
Oct 31, 2022 (Gmt+09:00)
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Batteries
Germany’s MBraun, Korean university to co-work on solar cells: CEO
MBraun, an affiliate of Germany’s Indus Holdings AG, plans to invest 1 billion won ($702,000) in a South Korean university as part of a deal t...
Oct 30, 2022 (Gmt+09:00)
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Corporate bonds
BOK to ease Legoland developer default-led credit crunch
South Korea’s central bank joined rescue moves to improve liquidity in the local bond market and alleviate the fallout from a debt default by ...
Oct 28, 2022 (Gmt+09:00)
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Korean chipmakers
Samsung to use rare gas produced by POSCO for chip manufacturing
Samsung Electronics Co., the world’s largest memory chipmaker, will significantly raise the use of locally produced xenon, a critical gas for ...
Oct 28, 2022 (Gmt+09:00)
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ASK 2022
KFCC eyes recession-resistant sectors like healthcare, necessities
The Korean Federation of Community Credit Cooperatives (KFCC) is eyeing certain sectors that create stable revenue streams such as healthcare, daily...
Oct 26, 2022 (Gmt+09:00)
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Electric vehicles
Korean EV charging startup to launch business in Indonesia
South Korea’s electric vehicle charging platform startup is set to make inroads into Indonesia, a prospective EV market with the world’s...
Oct 26, 2022 (Gmt+09:00)
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Corporate bonds
Korea's $35 bn plan yet to ease Legoland default woes
South Korea’s $35 billion rescue plan provided a temporary painkiller to the domestic bond markets rattled by Legoland Korea developer’s...
Oct 25, 2022 (Gmt+09:00)
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Energy
OCI to invest $40 million to expand US solar module production facilities
OCI Co., a leading South Korean solar power cell manufacturer, said on Monday it will invest $40 million to expand the solar cell module production ...
Oct 24, 2022 (Gmt+09:00)
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Real estate
Principal opens Seoul office to intensify client relationships
US investment firm Principal Global Investors LLC has recently opened a Seoul office to strengthen the firm’s existing client relationships in...
Oct 22, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Keppel completes Korean waste treatment firm takeover for $530 mn
Singapore-based Keppel Infrastructure completed the acquisition of South Korea’s leading waste management company EMK Co. for 760 billion won ...
Oct 20, 2022 (Gmt+09:00)
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Bio & Pharma
Medipost to expand CDMO business with 10 new clean rooms in Korea
Medipost Co, a South Korean biotechnology company, is expanding its cell and gene therapy contract development and manufacturing organization (CDMO)...
Oct 18, 2022 (Gmt+09:00)
Latest News
- 1 Google to invest $100 mn in Gentle Monster in smart glasses push
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- 3 Naver Financial seeks to acquire S. Korean real estate data platform Asil
- 4 KakaoBank shares surge on Thai virtual bank approval
- 5 Lotte Biologics signs antibody drug CMO deal with UK’s Ottimo Pharma