global mobility business
Scope
Date
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Korean games
Krafton eyes mega M&A, PUBG franchise deals: Krafton chair
Krafton Inc., South Korea’s gaming behemoth, is gearing up for the second chapter of its business through “mega” M&A deals and...
Mar 20, 2024 (Gmt+09:00)
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Real estate
Samsung Fire headquarters up for sale at about $746 mn
The Samsung Fire & Marine Insurance Co. headquarters building in Seoul is on the market at a valuation of more than 1 trillion won ($746 million...
Mar 20, 2024 (Gmt+09:00)
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Construction
HD Hyundai to supply 60 excavators to Sudan
South Korea's HD Hyundai Construction Equipment Co. announced on Wednesday that it recently signed a contract to supply 60 construction equipment un...
Mar 20, 2024 (Gmt+09:00)
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Food & Beverage
Korea's SPC to collaborate with Pascucci to enter Italian market
South Korea's SPC Group announced on Tuesday that it plans to collaborate with Italian coffee chain brand Pascucci to enter the Italian market. Hu...
Mar 20, 2024 (Gmt+09:00)
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Travel & Leisure
Interpark Triple launches travel platform Triple Korea
South Korea's retail and travel platform Interpark Triple announced on Tuesday that it launched the travel platform Triple Korea for foreign touri...
Mar 19, 2024 (Gmt+09:00)
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Business & Politics
Dubai Chamber of Commerce to open Seoul office
The Dubai Chamber of Commerce in the United Arab Emirates (UAE) will open an office in Seoul, South Korea by May this year, according to industry so...
Mar 19, 2024 (Gmt+09:00)
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Banking & Finance
Korea's BC Card launches Trip.Pass for foreign visitors
South Korea's BC Card announced on Tuesday that it launched a "Trip.Pass Card" and "Trip.Pass QR Payment Service" for foreign tourists with the dome...
Mar 19, 2024 (Gmt+09:00)
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Airlines
Korea’s Incheon Airport Corp. signs $3 billion deal to run Manila airport
South Korea's state-run Incheon International Airport Corp. (IIAC) has signed a $3 billion deal to operate Manila's Ninoy Aquino International Airpo...
Mar 19, 2024 (Gmt+09:00)
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Electronics
Samsung tops global soundbar market for 10th consecutive year
Samsung Electronics Co. has held its ground as the leader in the global soundbar market for ten consecutive years, from 2014 through 2023, according...
Mar 18, 2024 (Gmt+09:00)
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Korea business lobby group eyes tax reform in new parliament
The Korea Enterprises Federation will reinforce efforts to win lawmakers’ nod to its long-desired campaign to slash corporate taxes and inheri...
Mar 18, 2024 (Gmt+09:00)
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Regulations
Samsung faces dubious suit every 5 days from US patent trolls
South Korean tech giant Samsung Electronics Co. is battling an increasing number of patent infringement litigation cases from US patent trolls, the ...
Mar 18, 2024 (Gmt+09:00)
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Electric vehicles
Kia’s volume model EV3 to spearhead its electrification push: CEO
Kia Corp., South Korea’s second-largest automaker, said on Friday its upcoming volume electric model EV3 will spearhead the company’s el...
Mar 15, 2024 (Gmt+09:00)
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Waste management
Korea Zinc, LG Chem team up for US recycling business
Korea Zinc Inc., the leading global zinc and lead smelter, and LG Chem Ltd., South Korea’s top petrochemical producer, joined hands for the pl...
Mar 15, 2024 (Gmt+09:00)
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Airlines
Korean Air breaks ground on Asia’s largest aircraft engine MRO cluster
Korean Air Lines Co., South Korea’s No. 1 full-service carrier, said on Thursday it has begun construction of a $439 million aircraft engine m...
Mar 14, 2024 (Gmt+09:00)
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Banking & Finance
Korea's Shinhan, Hana accelerate overseas push after record profits
South Korean major banks aim to accelerate their expansions in other countries as their overseas investments paid off with record profits last year ...
Mar 14, 2024 (Gmt+09:00)
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Central bank
South Korea, odd one out in new global gold rush
South Korea has remained muted to a new gold rush fueled by various central banks across the world gobbling up the precious metal, raising concerns ...
Mar 13, 2024 (Gmt+09:00)
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Logistics
CJ Logistics gets IATA lithium battery transport certification
South Korea’s CJ Logistics said on Wednesday that it obtained the certification CEIV lithium battery, or the Center of Excellence for Independ...
Mar 13, 2024 (Gmt+09:00)
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Petrochemicals
LG Chem to close base chemical styrene monomer business
LG Chem Ltd., South Korea's No. 1 petrochemical company, will shut down its styrene monomer (SM) production line this month and is mulling closing a...
Mar 13, 2024 (Gmt+09:00)
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Electric vehicles
POSCO Int’l wins $9 bn permanent magnet orders from US, Europe
POSCO International Corp. has bagged deals worth nearly 1.2 trillion won ($9 billion) in total to deliver permanent magnets to finished carmakers in...
Mar 12, 2024 (Gmt+09:00)
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Investment banking
Goldman Sachs Korea co-head Chung to move to Hyundai Capital
Goldman Sachs’ Chung Hyung-Jin, co-head of the Seoul office and the leader of the firm’s investment banking (IB) business in South Korea...
Mar 11, 2024 (Gmt+09:00)
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Automobiles
Kia streamlines global sales service for EV transition
Kia Corp., a South Korean carmaker under Hyundai Motor Group, has drastically reorganized its global after-sales service operations to offer more sy...
Mar 08, 2024 (Gmt+09:00)
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Automobiles
KG Mobility unveils premium SUV Rexton Summit
South Korea's automaker KG Mobility Corp. announced on Friday that it launched the large-sized premium sport utility vehicle (SUV) Rexton Summ...
Mar 08, 2024 (Gmt+09:00)
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Aerospace & Defense
KAI to develop future aerial mobility, single-seat aircraft
Korea Aerospace Industries Ltd. (KAI), the country’s sole military aircraft manufacturer, plans to develop future aerial mobility to secure a ...
Mar 08, 2024 (Gmt+09:00)
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Electronics
LG releases StanbyME speaker in global market
LG Electronics Inc. announced on Friday that it released its portable StanbyME speaker in the global market. The StanbyME speaker is dedicated to ...
Mar 08, 2024 (Gmt+09:00)
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Banking & Finance
Mirae Asset rebrands Canadian subsidiary to Global X
South Korea's Mirae Asset Global Investments Co. announced on Thursday that it will change the name of its Canadian exchange-traded fund (ETF) manag...
Mar 07, 2024 (Gmt+09:00)
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Retail
Duty-free shops at Incheon International Airport eager to lure boutiques
Duty-free shops at Incheon International Airport, South Korea’s main gateway, are fiercely competing to lure luxury brand boutiques to their o...
Mar 07, 2024 (Gmt+09:00)
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Banking & Finance
JPMorgan Chase’s growth driver: offline community branches
NEW YORK -- Global banking giant JPMorgan Chase & Co. has been expanding brick-and-mortar branches across the US with investments of billions of...
Mar 06, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Korea reclaims top spot in global shipbuilding orders in February
South Korean shipbuilders reclaimed the global No. 1 position in new orders last month for the first time since October 2023, according to data by U...
Mar 06, 2024 (Gmt+09:00)
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Energy
Lotte Chemical, CIP to join hands on ammonia projects
South Korea’s Lotte Chemical Corp. has reached a preliminary agreement with Copenhagen Infrastructure Partners (CIP) to purchase and sell blue...
Mar 05, 2024 (Gmt+09:00)
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Batteries
LG Energy accelerates EV battery swapping services
Kooroo, the first in-house venture of the world’s second-largest electric vehicle battery maker LG Energy Solution Ltd., said on Tuesday it is...
Mar 05, 2024 (Gmt+09:00)
Latest News
- 1 Invesco, SK D&D likely to buy co-living building in Seoul
- 2 Coupang bids for Korean luxury market dominance with Farfetch
- 3 Hyundai Rotem set to finalize $6 bn K2 tank order from Poland
- 4 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 5 Korea to allow non-profits to buy bad consumer loans