hyosung vietnam loss
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Date
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Tech, Media & Telecom
Micron overtakes SK Hynix in shrinking DRAM market
Micron Technology Inc., the world’s third-largest DRAM maker, raised its share in the shrinking DRAM market in the first quarter, with a milde...
May 25, 2023 (Gmt+09:00)
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Pension funds
Korea's NPS maintains good grade despite heavy losses: finance ministry
National Pension Service (NPS) of South Korea, the world’s third-largest pension fund with 939 trillion won ($713 billion) in assets as of end...
May 23, 2023 (Gmt+09:00)
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Chemical Industry
Hyosung Chemical makes emergency investment in crisis-hit Vietnamese subsidiary
Hyosung Chemical announced on Monday that it will invest $120 million in its Vietnamese subsidiary, Hyosung Vina Chemicals Co.Hyosung Vina Chemicals...
May 22, 2023 (Gmt+09:00)
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Fiber & Textile
Hansae to build eco-friendly clothing plant in Vietnam
South Korean textile and clothing maker Hansae on Friday announced plans to build a plant in Vietnam to expand production of eco-friendly clothing u...
May 19, 2023 (Gmt+09:00)
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Business & Politics
LS Electric to unveil eco-friendly smart energy techs in Vietnam
South Korea's LS Electric Co. announced on Monday its participation in the highly anticipated "Electric Energy Show 2023" to be held in Hanoi, Vietn...
May 15, 2023 (Gmt+09:00)
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Tech, Media & Telecom
KT to open medical checkup center in Hanoi, Vietnam
South Korea's KT Corp. next year will launch a medical checkup center in Hanoi, Vietnam, under a strategy to advance its digital healthcare business...
May 15, 2023 (Gmt+09:00)
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Earnings
KEPCO vows to save $19 bn in 5 yrs; CEO offers to resign over swelling losses
South Korea’s state-run utility monopoly Korea Electric Power Corp. (KEPCO) on Friday vowed to save nearly 26 trillion won ($19.5 billion) ove...
May 12, 2023 (Gmt+09:00)
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Earnings
Lotte Chemical projects recovery in Q2 after 4th consecutive loss in Q1
Lotte Chemical Corp. suffered its fourth consecutive operating loss in the first quarter due to a prolonged petrochemical slowdown amid the global e...
May 11, 2023 (Gmt+09:00)
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Economy
S.Korea’s chronic disease: Decline in youth employment
The number of young workers in South Korea fell for a sixth straight month in April to its lowest point in more than two years, deepening concerns t...
May 10, 2023 (Gmt+09:00)
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Real estate
Seoul advised to prepare exit plans for real estate funds
Global real estate investment funds managed by South Korean financial services firms have swelled by more than 14 times to 72 trillion won ($5.4 bil...
May 03, 2023 (Gmt+09:00)
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Corporate governance
Hyosung’s sibling feud continues with second son in court on trial
It all began in July 2014 when Cho Hyun-joon, currently the Hyosung Group chairman, was sued by his younger brother Cho Hyun-moon on charges of embe...
May 03, 2023 (Gmt+09:00)
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Sovereign wealth funds
KIC mulls expanding assets in Asian emerging markets: CEO
NEW YORK – Sovereign wealth fund Korea Investment Corporation (KIC) is considering expanding alternative investments in Asian emerging markets...
Apr 28, 2023 (Gmt+09:00)
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Earnings
Samsung bets on H2 recovery with heavy spending after record chip losses
Samsung Electronics Co. on Thursday reported its worst quarterly loss for its semiconductor business, but echoed the widely held industry view that ...
Apr 27, 2023 (Gmt+09:00)
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Electric vehicles
S.Korea’s SoluM joins Vietnam's largest EV charging project
SoluM Co., a South Korean mid-sized electronic component maker, said on Wednesday that it signed an agreement with PetroVietnam Power Corporation, a...
Apr 26, 2023 (Gmt+09:00)
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Earnings
SK Hynix expects second-half market recovery after record Q1 loss
SK Hynix Inc., the world’s second-largest memory chipmaker, said on Wednesday it expects the global semiconductor market to rebound in the sec...
Apr 26, 2023 (Gmt+09:00)
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Earnings
S.Korea’s Woori Financial profit up on interest rate margins
Woori Financial Group, South Korea’s fourth-largest financial holding company, logged growth in a quarterly net profit as larger interest rate...
Apr 25, 2023 (Gmt+09:00)
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Fintech
Webcash launches AI accounting solution Wabooks in Vietnam
South Korea's Webcash Co. Group announced on Tuesday that it recently launched Wabooks, a Vietnamese version of the AI-powered accounting solution...
Apr 25, 2023 (Gmt+09:00)
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Bio & Pharma
Export of Korean medical devices to Vietnam to be easier
South Korea's Ministry of Food and Drug Safety announced on Thursday that the public procurement regulations of the Vietnamese government, which had...
Apr 20, 2023 (Gmt+09:00)
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Food & Beverage
Orion’s Turtle Chips launches in Vietnam, India
South Korea's confectionary giant Orion Corp. is launching its popular snack "Kkobuk Chip" in Vietnam and India. Orion announced on Monday that it h...
Apr 17, 2023 (Gmt+09:00)
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E-commerce
Luxury fashion platform Balaan faces thinning coffers amid mounting loss
Concerns are growing about the financial health of South Korean luxury fashion e-commerce platform operator Balaan Co. after its net loss doubled on...
Apr 14, 2023 (Gmt+09:00)
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Corporate investment
S.Korean corporate investment in Vietnam plunges 70% in first quarter
South Korean corporate investment in Vietnam, which has led the economic development of the Southeast Asian nation, has plunged this year due to fac...
Apr 11, 2023 (Gmt+09:00)
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Markets
Korean won at 1-yr low vs yen; end of boon for exporters
The South Korean won has extended its losses against the yen, with the Japanese currency highly sought after as a safe haven asset in the wobbly fin...
Apr 07, 2023 (Gmt+09:00)
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Cloud computing
Korea's InnoGrid to collaborate with Hyosung for cloud business
InnoGrid Co., South Korea's cloud computing and digital transformation (DT) specialist, announced on Friday that it has signed an agreement with dat...
Apr 07, 2023 (Gmt+09:00)
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Korean food
S. Korea's Orion sees brisk sales growth in Vietnam, Russia
South Korea's confectionary giant Orion Corp. has seen brisk sales growth this year, pushing out rival CJ CheilJedang Corp. to solidify its dominanc...
Apr 06, 2023 (Gmt+09:00)
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Food & Beverage
NongHyup opens office in Vietnam to strengthen K-food exports
South Korea's NongHyup, or the National Agricultural Cooperative Federation, announced on Wednesday that it has opened an office in Vietnam with pla...
Apr 05, 2023 (Gmt+09:00)
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Korean stock market
S.Korea's tech special IPOs face criticism on poor earnings of ventures
Around 200 South Korean ventures have debuted on the country’s secondary Kosdaq market through the technology special listing program since 20...
Apr 03, 2023 (Gmt+09:00)
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E-commerce
Kurly seeks fresh funding at half its peak valuation
Kurly Inc., South Korea’s leading food delivery platform, has embarked on a new funding round to raise 100 billion won ($76 million) at about ...
Apr 03, 2023 (Gmt+09:00)
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Korean stock market
VIP Asset’s new mutual fund to forgo operating fees if it posts losses
VIP Asset Management Co., a leading South Korean asset manager, said on Friday it is launching a new mutual fund, and its managers won’t take ...
Mar 31, 2023 (Gmt+09:00)
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Chemical Industry
Hyosung TNC to team up with Samsung for eco-friendly protective clothing
Hyosung TNC Corp., a South Korean textile and yarn manufacturer, is teaming up with Samsung Electronics Co. to produce eco-friendly protective cloth...
Mar 30, 2023 (Gmt+09:00)
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Business & Politics
CJ undertakes educational programs for ethnic minorities in Vietnam
South Korea's CJ Group announced on Wednesday that it will undertake a "Second Girls Education Project" for the Vietnamese ethnic minority.The proje...
Mar 30, 2023 (Gmt+09:00)
Latest News
- 1 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 2 Korea to allow non-profits to buy bad consumer loans
- 3 LG to drive future growth in emerging markets with battery prowess
- 4 South Korean President Lee, Japanese Prime Minister Ishiba seek closer ties
- 5 Naver Ventures to plant flag in Silicon Valley with TwelveLabs bet