investment market outlook 2023
Scope
Date
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Batteries
OCI makes foray into battery materials market
South Korea's chemical and green energy company OCI has entered the battery materials market by landing a supply contract for key raw materials for ...
Jul 27, 2023 (Gmt+09:00)
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Artificial intelligence
Lotte's virtual human Lucy to debut in Thailand
South Korea's Lotte Home Shopping unveiled a plan on Wednesday to introduce its virtual influencer, Lucy, to Southeast Asia's burgeoning live commer...
Jul 26, 2023 (Gmt+09:00)
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Logistics
CJ Logistics to enter global pharmaceutical transportation market
South Korea’s CJ Logistics on Wednesday said it obtained the certification CEIV Pharma, or the Center of Excellence for Independent Validators...
Jul 26, 2023 (Gmt+09:00)
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Tech, Media & Telecom
SK Telecom enters cloud managed service provider market
South Korea's SK Telecom Co. will aggressively enter the cloud market by providing differentiated services based on its nationwide communication net...
Jul 26, 2023 (Gmt+09:00)
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Real estate
Korea’s KFCC likely to see loss from London-based office investment
South Korea’s Vestas Investment Management Co. is slated to sell off a London-based office tower as the property value has plunged due to rate...
Jul 26, 2023 (Gmt+09:00)
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Bio & Pharma
Raphas microneedle passes US FDA's cGMP inspection
South Korea's microneedle maker Raphas Co. announced on Wednesday that it has passed the Current Good Manufacturing Practice (cGMP) inspection by ...
Jul 26, 2023 (Gmt+09:00)
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Corporate investment
S.Korea relies heavily on Samsung Elec for R&D spending: FKI
South Korea’s corporate expenditures on research and development grew 1.7 times from 2013 to 2021, much slower than such spending by the US an...
Jul 25, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor Group, Seoul Univ. to jointly develop battery
Hyundai Motor Group opened a joint battery research center at Seoul National University, marking its full-fledged foray into next-generation battery...
Jul 25, 2023 (Gmt+09:00)
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Bio & Pharma
Huons’ overseas market expansion leads to record-high sales
South Korea's Huons Group is continuing its record-breaking performance while expanding its influence in the global market.According to Huons Group ...
Jul 25, 2023 (Gmt+09:00)
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Korean stock market
POSCO affiliates’ shares surge; market cap rises threefold in 5 years
Shares of POSCO Group affiliates are flying high with the steelmaker rapidly transforming into a battery materials manufacturer, riding the industry...
Jul 24, 2023 (Gmt+09:00)
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Venture capital
S.Korea to form $6.2 bn corporate venture capital fund pool by 2025
The South Korean government and the private sector will jointly create a corporate venture capital (CVC) fund pool worth more than 8 trillion won ($...
Jul 24, 2023 (Gmt+09:00)
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Bio & Pharma
S.Korea's NGeneBio establishes US corporation NGeneBioAI
South Korean medical diagnostic company NGeneBio Co. announced on Monday that it has established an artificial intelligence (AI) precision diagnosti...
Jul 24, 2023 (Gmt+09:00)
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Artificial intelligence
KT invests over $11 mn in AI software company Moreh
South Korea's KT Corp. will invest 15 billion won ($11.6 million) in Moreh, a Seoul-based artificial intelligence (AI) infrastructure software compa...
Jul 24, 2023 (Gmt+09:00)
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Upcoming IPOs
Fabless FADU taps institutional demand to raise about $151 mn
FADU Technology, the first unicorn in South Korea’s semiconductor sector, has embarked on a process to raise up to 193.8 billion won ($151 mil...
Jul 24, 2023 (Gmt+09:00)
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Banking & Finance
S.Korea's BC Card to enter Kyrgyz payment market
South Korea's BC Card will make a full-fledged entry into the Central Asian payment market by establishing a card payment joint venture in Kyrgyzsta...
Jul 24, 2023 (Gmt+09:00)
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Automobiles
No subsidy, no problem: Hyundai, Kia make top 10 US list for EV sales
Hyundai Motor Co. and Kia Corp. in the first half of the year were among the top 10 in sales of battery electric vehicles (EVs) in the US despite re...
Jul 24, 2023 (Gmt+09:00)
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Energy
SK E&S opens representative office in Vietnam
South Korea's renewable energy company SK E&S is speeding up the expansion of its global eco-friendly power generation business by opening a rep...
Jul 24, 2023 (Gmt+09:00)
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Batteries
Korea's IMM to invest $23 mn in battery parts supplier Choil Aluminum
South Korean private credit firm IMM Credit & Solutions Inc. will invest 30 billion won ($23.4 million) in Choil Aluminum Co., an EV battery com...
Jul 21, 2023 (Gmt+09:00)
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Economy
S.Korea proposes extended tax breaks for reshoring companies
The South Korean government and the ruling party proposed longer-term tax cuts for companies that bring production back home to reinvigorate the cou...
Jul 21, 2023 (Gmt+09:00)
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Mergers & Acquisitions
SK Networks to acquire data management company en-core
SK Networks Co., a South Korean trading company, will acquire en-core, a data solutions and consulting firm. The strategy is aimed at strengthening ...
Jul 21, 2023 (Gmt+09:00)
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Fashion
S.Korea’s Brand X establishes Taiwanese corporation
South Korea's media and e-commerce company Brand X Corp. announced on Friday that it has established a Taiwanese corporation. The move seeks to ampl...
Jul 21, 2023 (Gmt+09:00)
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Webtoons
Kakao Piccoma tops in Japanese app market sales in H1 2023
Kakao Piccoma, a Japanese subsidiary of Kakao Japan Corp. and the global leading webtoon platform achieved the top position in the first half of 202...
Jul 21, 2023 (Gmt+09:00)
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Artificial intelligence
Naver to unveil AI chatbot Cue: in September 2023
South Korea's web portal giant Naver Corp. on Friday announced the lineup and release schedule of services using its hyperscale artificial intellige...
Jul 21, 2023 (Gmt+09:00)
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Bio & Pharma
SK Chemicals to supply diabetes drugs to AstraZeneca Korea
SK Chemicals Co., a South Korean chemicals maker and drug developer, said on Thursday it has signed a contract to supply diabetes medications to glo...
Jul 20, 2023 (Gmt+09:00)
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Automobiles
Foreign carmakers hit by EV sales drop in S.Korea
Foreign carmakers such as Mercedes-Benz and Tesla Inc. suffered a sales drop in South Korea in the first half of the year, as overall car sales jump...
Jul 20, 2023 (Gmt+09:00)
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Retail
Alibaba launches express ships to S.Korea as orders surge
Alibaba.com, China’s largest online marketplace, launched an express cargo ship service between South Korea and China this week to meet a surg...
Jul 20, 2023 (Gmt+09:00)
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Korean startups
KKR leads $190 mn Series C funding of fashion platform Musinsa
South Korea’s leading fashion platform Musinsa said on Wednesday it has attracted 240 billion won ($189.7 million) in its Series C funding rou...
Jul 19, 2023 (Gmt+09:00)
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Automobiles
GM Korea releases new Trailblazer geared for S.Korean market
General Motors (GM) Korea on Wednesday launched the domestic sale of its new model of the small SUV Trailblazer customized for the South Korean mark...
Jul 19, 2023 (Gmt+09:00)
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Bio & Pharma
Novomics expands presence in Chinese cancer market
South Korean molecular diagnostics company Novomics Co. announced on Wednesday that it has signed a collaboration agreement with Chinese molecular d...
Jul 19, 2023 (Gmt+09:00)
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Bio & Pharma
SK Biopharm eyes Asia's No.1 spot in radioactive drug market
South Korea’s SK Biopharmaceuticals Co. is aiming to triple its enterprise value to $15 billion by 2026 with the goal of rising to the top run...
Jul 19, 2023 (Gmt+09:00)
Latest News
- 1 LG Chem closes $1 bn water filter division sale to Glenwood PE
- 2 Hyundai Motor-backed Motional names AI veteran Laura Major as CEO
- 3 President Lee: Businesses at center of policy priorities for economic growth
- 4 Samsung supplies HBM3E to AMD’s new accelerators
- 5 Seoul agrees to reduce Jakarta’s KF-21 cost share by two thirds