iF Design Award 2023
Scope
Date
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Tech, Media & Telecom
Megazone Cloud to attract up to $336 mn for 2023 IPO
Megazone Cloud Corp., a leading cloud service provider and the first Korean business partner of Amazon Web Service (AWS), plans to attract 300 billi...
Jan 20, 2022 (Gmt+09:00)
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Alternative investments
Lotte acquires Chicago-based hotel for $36 mn K-style rebrand
Hotel Lotte Co., retail conglomerate Lotte Group’s luxury hotel operator, completed the acquisition of Kimpton Hotel Monaco in Chicago for $...
Jan 17, 2022 (Gmt+09:00)
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Automobiles
Hyundai Motor aims to triple Genesis G90 sales by 2023
Hyundai Motor Co. said on Thursday it aims to triple the global sale of the Genesis G90 over the next couple of years by launching the flagship luxu...
Jan 13, 2022 (Gmt+09:00)
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Leadership & Management
Kakao co-CEO nominee resigns after stock option exercise
Alex Young-joon Ryu, a nominee for new co-CEO of South Korea's top mobile messenger app Kakao Corp., on Monday offered to step down, after his dispo...
Jan 10, 2022 (Gmt+09:00)
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Entertainment
Squid Game Player 001 wins as best TV supporting actor at Golden Globes
Netflix mega-hit Squid Game’s actor Oh Young-soo, Player 001, has won Best Performance by an Actor in a Supporting Role on TV at the 79th Gold...
Jan 10, 2022 (Gmt+09:00)
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Pre-IPOs
SK Pharmteco to raise up to $498 mn on $5 bn valuation
SK Pharmteco, a contract development and manufacturing organization (CDMO) for pharmaceuticals, is slated to raise 400 billion ($332.2 million) to 6...
Jan 10, 2022 (Gmt+09:00)
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Steel
POSCO breaks ground on China automotive steel plant with HBIS
China’s HBIS Group Co., the world’s third-largest steelmaker, and South Korea’s POSCO Co., the No. 6 player, broke ground on an au...
Jan 07, 2022 (Gmt+09:00)
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Alternative investments
IGIS pre-purchases Amazon, FedEx warehouses
IGIS Asset Management Co., South Korea’s largest real estate asset manager, has made a forward funding deal of three logistics centers under...
Dec 22, 2021 (Gmt+09:00)
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Automobiles
Hyundai, Kia, Genesis sweep car of the year awards in 2021
Hyundai Motor Group’s major auto brands have won a record number of top global awards and industry accolades this year in recognition of its e...
Dec 16, 2021 (Gmt+09:00)
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Automobiles
Hyundai’s new Genesis G90: Epitome of luxury design identity
After an exterior peek of its new Genesis sedan G90 last month, Hyundai Motor Co. on Tuesday fully unveiled the flagship luxury model, its first mod...
Dec 14, 2021 (Gmt+09:00)
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Leadership Change
Hyundai to replace design, R&D presidents for future mobility
Hyundai Motor Group, South Korea’s top automaker, may replace its presidents of design as well as research and development in a bold leadershi...
Dec 13, 2021 (Gmt+09:00)
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Asset management
Brokerages rush to outsourced fund management market
South Korea's brokerage companies are jumping into the outsourced chief investment officer (OCIO) market, outmaneuvering asset management firms, as ...
Dec 07, 2021 (Gmt+09:00)
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Aerospace & Defense
Korea’s Hanwha Aerospace to develop small rocket system
Hanwha Aerospace Co., a unit of South Korean conglomerate Hanwha Group, is developing system technology for small projectiles that launch a satellit...
Dec 06, 2021 (Gmt+09:00)
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Automobiles
Hyundai named Top Gear’s carmaker of the year; i20 N car of the year
Hyundai Motor Co. has been named the 2021 manufacturer of the year by BBC Top Gear, a prestigious British auto magazine, in recognition of the South...
Dec 01, 2021 (Gmt+09:00)
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Tech, Media & Telecom
KakaoTalk emoticon designers can earn more than average salaried worker
It has been 10 years since tech giant KakaoCorp. launched emoticon services within its namesake messenger app KakaoTalk. Today, there are some ...
Nov 29, 2021 (Gmt+09:00)
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Entertainment
Inspire secures $1.6 bn for its luxury resort project in Incheon
Inspire Integrated Resort Co., a South Korean resort developer and 100% affiliate of US casino and gaming company Mohegan Gaming & Entertainme...
Nov 29, 2021 (Gmt+09:00)
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Bio & Pharma
Korea's SK, LX, Daesang to invest $151 mn in eco-friendly plastics
South Korea’s conglomerates SK, LX and Daesang have joined hands on the eco-friendly plastics business, utilizing their respective strengths i...
Nov 23, 2021 (Gmt+09:00)
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Entertainment
BTS becomes first Asian act to win top AMA honor
The world’s No. 1 boy band BTS became the first Asian act to take the prize for artist of the year at the American Music Awards, one of the to...
Nov 23, 2021 (Gmt+09:00)
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Carbon neutrality
LG Chem, GS Caltex to produce biodegradable plastic material
South Korea’s top petrochemical maker LG Chem Ltd. and the No. 2 refiner GS Caltex Corp. have agreed to jointly produce a biodegradable plasti...
Nov 19, 2021 (Gmt+09:00)
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Electric vehicles
Hyundai, Kia stun LA auto show with SEVEN, EV9 concept cars
Hyundai Motor Co. and sister firm Kia Corp. on Thursday unveiled their latest concept sport utility vehicles at the Los Angeles Auto Show as the two...
Nov 18, 2021 (Gmt+09:00)
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Tech, Media & Telecom
Millennial tapped to head online giant Naver
Naver Corp. has chosen Choi Soo-yeon, 40, to lead the top online platform in South Korea, in the 22-year-old company's most dramatic top management ...
Nov 17, 2021 (Gmt+09:00)
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Energy
Hanwha Energy to raise $130 mn for Australia hydrogen project
Hanwha Energy Corp. of South Korea's Hanwha Group will raise about 150 billion won ($130 million) from Woori Private Equity to fund its solar energy...
Nov 10, 2021 (Gmt+09:00)
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Electric vehicles
Hyundai Motor to debut IONIQ 7 concept in November LA auto show
Hyundai Motor Co. on Thursday revealed teaser images of SEVEN, an all-electric SUV concept that would be the IONIQ 7, its first large-size SUV under...
Nov 04, 2021 (Gmt+09:00)
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Interviews
Wooyoungmi emerges as 'new luxury' menswear brand
When South Korean menswear brand Wooyoungmi had the highest sales in the men’s fashion hall of Paris-based luxury department store Le Bon Marc...
Nov 02, 2021 (Gmt+09:00)
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Korean eyewear startup to again design China's top dept store hall
South Korean eyewear brand Gentle Monster is slated to design the luxury hall space of the Chengdu branch of SKP, China’s top department sto...
Nov 01, 2021 (Gmt+09:00)
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IPOs
Kurly, SSG.COM, Oasis plan for fast-track 2022 IPOs
Competition among South Korean e-commerce companies for initial public offerings is expected to get even fiercer next year. Kurly Inc., the oper...
Oct 29, 2021 (Gmt+09:00)
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Automobiles
Hyundai Mobis develops wheels that turn 90 degrees
Hyundai Mobis Co., an auto parts unit of Hyundai Motor Group, has developed technology to allow wheels to turn by 90 degrees, aiding in sharper vehi...
Oct 25, 2021 (Gmt+09:00)
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K-pop copyright trading platform Musicow prepares for IPO
Musicow Inc., South Korea's first music copyright trading platform, has embarked on the process to go public on the back of its eye-catching growth ...
Oct 21, 2021 (Gmt+09:00)
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Automobiles
Hyundai’s Genesis GV70 named MotorTrend’s 2022 SUV of the year
Hyundai Motor Co.’s GV70, a sport utility vehicle under the South Korean automaker’s premium sub-brand Genesis, has been named the SUV o...
Oct 21, 2021 (Gmt+09:00)
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IPOs
Korea’s Simone to spend up to 40% of net profit for dividends
South Korean Simone Acc. Collection Ltd., the world’s No. 1 handbag maker, plans to spend 30-40% of net profit for dividends after a listing n...
Oct 19, 2021 (Gmt+09:00)
language
Latest News
- 1 Coupang bids for Korean luxury market dominance with Farfetch
- 2 Hyundai Rotem set to finalize $6 bn K2 tank order from Poland
- 3 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 4 Korea to allow non-profits to buy bad consumer loans
- 5 LG to drive future growth in emerging markets with battery prowess