local production
Scope
Date
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Beauty & Cosmetics
Skincare giant Cosmax adds pet care line
South Korea’s beauty products manufacturer Cosmax Inc. has entered the rapidly growing pet products market.The company specializes in receiv...
Feb 24, 2022 (Gmt+09:00)
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Aerospace & Defense
Hanwha Defense secures land for K9 howitzer production in Australia
Hanwha Defense Co. announced Wednesday it has secured a large property in Australia for building a production facility for the K9 Thunder self-prope...
Feb 23, 2022 (Gmt+09:00)
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Electric vehicles
Korea’s trading firms set sights on EV parts production for growth
South Korea’s general trading companies, which usually work as middlemen linking buyers with sellers, are seeking to transform into eco-friend...
Feb 22, 2022 (Gmt+09:00)
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Economy
Korea Inc. revises business plans as rising oil prices hit economy
South Korean companies are revising their business plans for this year as soaring oil prices slam Asia’s fourth-largest economy. Inflation is ...
Feb 21, 2022 (Gmt+09:00)
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Batteries
SK On aims to dominate global battery market by 2030
SK On Co. is on track to become the world’s No. 1 battery maker by 2030, the company said on Sunday. During an interview with the in-ho...
Feb 21, 2022 (Gmt+09:00)
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Electronics
With Samsung’s new Bespoke lineup, it’s home made perfect
Samsung Electronics Co. on Thursday unveiled a new lineup of its flagship Bespoke home appliances, including a newly introduced premium line of Besp...
Feb 17, 2022 (Gmt+09:00)
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Battery materials
Korea’s Solus supplies battery copper foil to Tesla
South Korea’s Solus Advanced Materials started supplying battery copper foil to Tesla Inc. in January, becoming the country’s first batt...
Feb 16, 2022 (Gmt+09:00)
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Batteries
Korea battery makers at risk from reliance on China materials
South Korea’s secondary battery makers face a risk from heavy reliance on Chinese raw materials, while the industry has sought measures to ens...
Feb 16, 2022 (Gmt+09:00)
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Automobiles
Online platforms emerge as new battlefield for auto sales in Korea
Visiting a car dealer’s stylish showroom to touch, feel and sometimes test drive a car before purchase has for decades been a rite of passage ...
Feb 15, 2022 (Gmt+09:00)
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Bio & Pharma
Lotte to develop seawater-degradable bioplastic material
South Korea’s Lotte Chemical Corp. plans to develop a decomposable bioplastic material in seawater for production based on petrochemicals for ...
Feb 15, 2022 (Gmt+09:00)
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Korean chipmakers
SK Hynix to benefit from Western Digital production disruption
South Korea’s SK Hynix Inc., the world’s second-largest memory chipmaker, is expected to be a key beneficiary from production disruption...
Feb 11, 2022 (Gmt+09:00)
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Batteries
Samsung SDI in talks with global automaker for battery joint venture
South Korea’s Samsung SDI Co. is in talks with a global automaker to launch a battery production joint venture following its partnership last ...
Jan 28, 2022 (Gmt+09:00)
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Markets
Kospi melts as Fed, LG Energy spur foreign selling
South Korean stocks lost ground with the main index entering a bear market on Thursday as foreign investors intensified their selling after the US F...
Jan 27, 2022 (Gmt+09:00)
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Digital assets
Korea's Mirae Asset to launch digital asset business
Mirae Asset Financial Group, South Korea’s capital market giant, is set to enter the digital asset business, starting with a digital asset cus...
Jan 19, 2022 (Gmt+09:00)
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Automobiles
Hyundai Motor’s Alabama plant: World’s second most productive
Hyundai Motor Co.'s US manufacturing plant in Montgomery, Alabama is the world’s second most productive assembly plant, contributing to the So...
Jan 11, 2022 (Gmt+09:00)
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Economy
Korea 2021 exports hit record on strong sales of key products
South Korea’s exports last year hit a record on strong sales of key products such as semiconductors, automobiles and petrochemicals.Exports su...
Jan 02, 2022 (Gmt+09:00)
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Year-end review
Pension funds sell net $21 bn worth of shares in 2021
South Korea’s pension funds sold a net 24.5 trillion won ($20.6 billion) worth of Kospi and Kosdaq stocks this year, the largest annual ne...
Dec 31, 2021 (Gmt+09:00)
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Metaverse
Naver Webtoon to acquire Korea’s virtual human maker
Naver Webtoon Ltd., the digital comics platform of South Korea’s online portal giant Naver Corp., is set to acquire the management rights of d...
Dec 22, 2021 (Gmt+09:00)
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Electronics
LG Display OLED TV panel sales top 20 mn units on strong demand
South Korea’s major display panel maker LG Display Co. is estimated to have sold more than 20 million units of organic light-emitting diode (O...
Dec 22, 2021 (Gmt+09:00)
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Carbon neutrality
POSCO to build mini mills for carbon neutrality
POSCO Co., the world’s No. 5 steelmaker, plans to build mini mills, electric arc furnaces for hot rolled steel, in South Korea as part of it...
Dec 20, 2021 (Gmt+09:00)
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Steel
Korean steel mills rush to secure metal scrap from abroad
South Korean steelmakers, led by POSCO Co., are rolling up their sleeves to secure metal scrap as they are shifting into less carbon-intensive steel...
Dec 20, 2021 (Gmt+09:00)
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Corporate restructuring
Samsung launches merged set division as DX; robotics new growth driver
Samsung Electronics Co. has officially launched its new set division, which combines its mobile and consumer electronics businesses into a single un...
Dec 12, 2021 (Gmt+09:00)
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Private equity
Partners Group attracts Korea Post and local insurers to PE funds
Some major South Korean institutional investors have committed to Switzerland-headquartered global asset manager Partners Group's Secondary 2020 Fun...
Dec 06, 2021 (Gmt+09:00)
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Cryptocurrencies
Domestic NFT art sale surpasses 3.5 bitcoin; concerns of market turbulence
Last week, a piece of non-fungible token art by digital artist Jang Koal was sold for more than 3.5 bitcoin or around 200 million won ($168,314) on ...
Nov 30, 2021 (Gmt+09:00)
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Batteries
LG Energy to secure $1.36 bn to raise US battery output
LG Energy Solution Ltd. is set to secure $1.36 billion to expand US battery output capacity, joining the fundraising race among South Korean battery...
Nov 26, 2021 (Gmt+09:00)
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Entertainment
Costa Rican president: His family K-drama fans, seeks joint production
Costa Rican President Carlos Alvarado Quesada has praised South Korean movies such as the Oscar-winning Parasite and drama series such as Squid Game...
Nov 25, 2021 (Gmt+09:00)
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Batteries
Korea Zinc to double battery material output capacity
Korea Zinc Inc., the world’s top lead and zinc smelter, plans to double its production capacity of nickel sulfate, a key raw material for cath...
Nov 24, 2021 (Gmt+09:00)
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Electric vehicles
Robots, AI replace human workers at Kia’s EV6 manufacturing factory
Kia Corp., South Korea’s second-largest automaker, has unveiled the automated manufacturing process at its smart factory for the EV6, its firs...
Nov 22, 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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Markets
Koreans log $5.7 bn loss in Q3 from overseas stock investments
South Korean investors suffered a $5.7 billion loss in the third quarter from overseas stock investments on weak foreign shares. Individual investor...
Nov 18, 2021 (Gmt+09:00)
Latest News
- 1 Loss-making Lotte Chemical to sell water treatment unit to Synopex
- 2 Google to invest $100 mn in Gentle Monster in smart glasses push
- 3 Growth equity portfolio largely shielded from policy headwinds: Summit
- 4 Naver Financial seeks to acquire S. Korean real estate data platform Asil
- 5 KakaoBank shares surge on Thai virtual bank approval