new US foundry head
Scope
Date
~
-
Energy
Taihan Cable secures $65 mn cable contract in US
South Korea's Taihan Cable & Solution Co. said on Tuesday its US sales subsidiary, TE USA, secured a long-term cable contract in the western US....
Nov 05, 2024 (Gmt+09:00)
-
Bio & Pharma
Volpara to supply breast cancer SW to US Defense Health Agency
Lunit, a South Korean cancer diagnostics AI company, said on Monday its US subsidiary Volpara Health secured a 10 billion won ($7.5 million) contr...
Nov 05, 2024 (Gmt+09:00)
-
Korean startups
Jay-Z’s Roc Nation to invest $5 mn in S.Korea’s Musicow
US entertainment tycoon Jay-Z’s Roc Nation is expected to invest about $5 million in Musicow Inc., South Korea’s music copyright trading...
Nov 04, 2024 (Gmt+09:00)
-
Electric vehicles
Hybrids, EVs power Hyundai, Kia’s US auto sales in October
Hyundai Motor Group, the world’s third-largest automaker, saw a rebound in US auto sales last month thanks to surges in demand for its hybrid ...
Nov 04, 2024 (Gmt+09:00)
-
Korean Investors
In South Korea, cash is king on US election, Samsung uncertainties
South Korean investors are hoarding cash as Samsung Electronics Co., the world’s top memory chipmaker, hurts local stocks and uncertainties ov...
Nov 04, 2024 (Gmt+09:00)
-
Earnings
Samsung Bioepis Q1 sales surpass $362 mn in US, Europe
Samsung Bioepis Co. reported that its quarterly overseas sales of key biosimilars exceeded 500 billion won ($362 million), according to figures re...
Nov 04, 2024 (Gmt+09:00)
-
Batteries
L&F to supply ultra-high nickel cathodes to Korean, US EV makers
South Korea’s leading battery materials maker L&F Co. plans to begin mass production of nickel-cobalt-manganese (NCM) battery cathodes wit...
Nov 03, 2024 (Gmt+09:00)
-
Economy
Korea’s export growth at 7-month low amid growing external risk
South Korea’s export growth slowed to a seven-month low in October despite strong shipments of semiconductors and automobiles, stoking concern...
Nov 01, 2024 (Gmt+09:00)
-
Energy
Hanwha Q Cells, OCI to benefit from expanded US CHIPS Act subsidies
South Korean solar cell companies such as Hanwha Q Cells Co. and OCI Holdings Co. are set to benefit from expanded subsidies covered by the US CHIPS...
Oct 31, 2024 (Gmt+09:00)
-
Shipping & Shipbuilding
HD Hyundai may nearly double shipbuilding capacity in Vietnam
HD Hyundai Co., the world’s second-largest shipbuilder, is likely to nearly double its vessel construction capacity in Vietnam to meet surging...
Oct 31, 2024 (Gmt+09:00)
-
Robotics
Hyundai Rotem to unveil unmanned firefighting robot
South Korea's Hyundai Rotem Co. unveiled on Thursday an unmanned firefighting robot designed to tackle fires in hazardous environments without riski...
Oct 31, 2024 (Gmt+09:00)
-
Rights offerings
Korea Zinc to raise $1.8 bn in rights issues amid face-off with MBK
Korea Zinc Inc. will raise 2.5 trillion won ($1.8 billion) in rights issues in December following its share buybacks and allocate 20% of them to its...
Oct 30, 2024 (Gmt+09:00)
-
Tech, Media & Telecom
LG Uplus unveils content review platform 1Row
South Korea's LG Uplus Corp. said on Wednesday it launched 1Row, a content review platform for movies and dramasUsers can access cast and director i...
Oct 30, 2024 (Gmt+09:00)
-
Bio & Pharma
Celltrion's Zymfentra gets 90% distribution channel in US
South Korean biosimilar maker Celltrion Inc. said on Monday its subcutaneous injection formulation for autoimmune diseases, Zymfentra (infliximab), ...
Oct 30, 2024 (Gmt+09:00)
-
IPOs
South Korea’s Viva Republica drops Korean IPO plan, seeks US debut
Viva Republica Inc., a leading South Korean fintech unicorn and operator of mobile financial super app Toss, has dropped its plan to go public in th...
Oct 29, 2024 (Gmt+09:00)
-
Steel
Korea’s POSCO, India’s JSW team up to build steel plant in Odisha
South Korea’s POSCO Group joined hands with India’s JSW Group to set up an integrated steel plant in the South Asian country with an est...
Oct 29, 2024 (Gmt+09:00)
-
Korean food
S.Korea's Daesang holds kimchi contest in US
South Korea's Daesang Corp. said on Monday it hosted the "Jongga Kimchi Blast" event in the US to promote kimchi and elevate Korean food culture.&...
Oct 29, 2024 (Gmt+09:00)
-
Energy
DS Dansuk wins $750 mn SAF material order from Phillips 66
South Korea's DS Dansuk Co., which operates bioenergy, battery, and plastic recycling businesses, said on Monday it signed a 1 trillion won ($750 mi...
Oct 29, 2024 (Gmt+09:00)
-
Korean chipmakers
Samsung to unveil 400-layer bonding vertical NAND for AI servers by 2026
Samsung Electronics Co., the world’s largest memory chipmaker, plans to unveil a 400-layer vertical NAND flash chip by 2026 to lead the fast-g...
Oct 28, 2024 (Gmt+09:00)
-
Earnings
LG Energy Q3 profit more than doubles on higher sales; shares jump
LG Energy Solution Ltd., the world’s third-largest battery maker, said its quarterly operating profit more than doubled from the previous thre...
Oct 28, 2024 (Gmt+09:00)
-
K-pop
BTS Jin previews new song ‘I’ll Be There' ahead of release of his solo album
BTS Jin released “I'll Be There,” a preview track from his first solo album, on Friday, his agency Big Hit Music announced.“I'll B...
Oct 25, 2024 (Gmt+09:00)
-
Automobiles
Kia reveals teaser images of The New Sportage
South Korea's Kia Corp. unveiled the teaser images and videos of The New Sportage, the facelift model of Kia's flagship compact sport utility vehicl...
Oct 24, 2024 (Gmt+09:00)
-
Automobiles
Hyundai Motor Group wins Cars.com's 2025 Top Pick EV Awards
Hyundai Motor Group said on Wednesday Hyundai Motor Co. ‘s IONIQ electric vehicles (EVs) and Kia Corp. ‘s EV9 have each been awarded 202...
Oct 23, 2024 (Gmt+09:00)
-
Electronics
Samsung unveils generative wallpaper of AI TVs
Samsung Electronics Co. said on Wednesday the launch of its Generative Wallpaper feature for the 2024 Neo QLED and QLED models, powered by Tizen OS....
Oct 23, 2024 (Gmt+09:00)
-
Asset management
Hana Financial’s Hana The Next: New financial services tailored for seniors
As South Korea’s baby boomers, the demographic cohort born between 1955 and 1963, are reaching retirement age, financial institutions are reac...
Oct 23, 2024 (Gmt+09:00)
-
Aerospace & Defense
Hanwha Asset taps US for Korean defense ETF listing
Hanwha Asset Management Co., a financial service sibling of South Korea’s major defense and aerospace developer Hanwha Aerospace Co., is seeki...
Oct 22, 2024 (Gmt+09:00)
-
Artificial intelligence
Kakao to launch AI messenger service Kanana in H1 2025
South Korea’s platform giant Kakao Corp. will roll out Kanana, a conversational AI agent-integrated messenger app, in the first half of next y...
Oct 22, 2024 (Gmt+09:00)
-
Energy
POSCO International eyes M&A in US natural gas market
POSCO International Corp., the general trading and energy exploration unit of South Korea’s steel giant POSCO Holdings Inc., is considering ac...
Oct 21, 2024 (Gmt+09:00)
-
Korean stock market
Korea Investment Management to list Global AI-based ASIC ETF
Korea Investment Management Co. said on Monday it will list the ACE Global AI ASIC exchange-traded fund (ETF) on October 22. The ETF will focus on ...
Oct 21, 2024 (Gmt+09:00)
-
Corporate restructuring
Doosan to resume Bobcat, Robotics merger with new ratio
South Korea’s plant and machinery powerhouse Doosan Group will resume the merger of Doosan Bobcat Inc. and Doosan Robotics Inc. using a new me...
Oct 21, 2024 (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 consumer bad 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