new industries
Scope
Date
~
-
Energy
Hanwha to build largest US solar energy hub for $2.5 bn
South Korea’s Hanwha Solutions Corp. said on Wednesday that it will invest 3.2 trillion won ($2.5 billion) to build the largest solar energy p...
Jan 11, 2023 (Gmt+09:00)
-
Korean games
Nexon teams up with 'Parasite' film production company Barunson E&A
Nexon, one of South Korea's top three game giants, on Tuesday said it signed a strategic memorandum of understanding with Barunson Entertainment &am...
Jan 11, 2023 (Gmt+09:00)
-
Automobiles
Korea’s secondhand car market cools amid elevated interest rates
South Korea’s secondhand car market is cooling rapidly as both dealers and buyers are reeling from elevated interest rates, which also bode il...
Jan 10, 2023 (Gmt+09:00)
-
Korean stock market
Kakao Pay likely to be included in MSCI index next month
South Korean mobile payment services firm Kakao Pay Corp. will be newly incorporated into the MSCI index next month, inducing an influx of more than...
Jan 10, 2023 (Gmt+09:00)
-
Regulations
Broadcom to give Samsung warranties to avoid Korea penalties
US chipmaker Broadcom Inc. agreed to provide three-year warranties and technical support for components equipped in products such as smart devices o...
Jan 09, 2023 (Gmt+09:00)
-
Economy
Seoul ranks 7th in city competitiveness assessed by Japanese Institute
Seoul's urban competitiveness rebounded after five years, ranking seventh in the world. It was due to the fact that the ranking of the economy categ...
Jan 09, 2023 (Gmt+09:00)
-
Korean games
Com2uS to release host of new games this year
Com2uS Corps. will release a variety of new game titles this year with the goal of reaching 100 billion won ($78.6 million) in global sales for each...
Jan 06, 2023 (Gmt+09:00)
-
Airlines
Air Busan launches new Busan-Clark flight
Air Busan Co. began operating its first new flight route this year between Busan and Clark, the Philippines, and started a new leap forward in earne...
Jan 06, 2023 (Gmt+09:00)
-
Korean Innovators at CES 2023
LG unveils self-driving auto parts, brighter OLED panels
LG Group’s two units have showcased new automotive and display products, which would expand their presence in the autonomous driving and premi...
Jan 06, 2023 (Gmt+09:00)
-
Korean games
S.Korea's Smilegate RPG named in 3 categories of Steam game awards
South Korea's video game developer Smilegate RPG (Role-playing Games) on Thursday said its leading massively multiplayer online role-playing game (M...
Jan 06, 2023 (Gmt+09:00)
-
Korean Innovators at CES 2023
LG Elec to increase partnerships for business expansion
LAS VEGAS -- LG Electronics Inc., the world’s top home appliance maker, is seeking more partnerships with global leading companies and increas...
Jan 05, 2023 (Gmt+09:00)
-
Korean Innovators at CES 2023
HD Hyundai to boost offshore wind power, future ships, CEO says
LAS VEGAS – HD Hyundai Co., the largest shipbuilding conglomerate in South Korea, is set to diversify its future growth engines, focusing on s...
Jan 05, 2023 (Gmt+09:00)
-
Bio & Pharma
Daewoong, Onchorus to undertake research on mRNA anticancer drugs
Daewoong Pharmaceutical said on Thursday that it has signed a joint R&D and commercialization agreement with America's biopharmaceutical venture...
Jan 05, 2023 (Gmt+09:00)
-
Healthcare
Aekyung Industrial acquires green certification for eco-friendly detergent
Aekyung Industrial said on Thursday that it has obtained green technology certification from the Korea Technology Finance Corporation for its eco-fr...
Jan 05, 2023 (Gmt+09:00)
-
Shipping & Shipbuilding
Shipbuilding expected to lead manufacturing sectors in export growth
South Korea's shipbuilding exports this year are expected to jump 76.1% from last year to $32.4 billion to lead all major manufacturing industries i...
Jan 05, 2023 (Gmt+09:00)
-
Corporate bonds
KT receives record-high corporate bond bids of $2.3 billion
KT Corp., which boasts the nation's highest credit rating at the stable “AAA,” reached a whopping 2.89 trillion won ($2.27 billion) in c...
Jan 05, 2023 (Gmt+09:00)
-
Corporate strategy
Hyundai is not a carmaker but a tech firm: Chairman Chung
Hyundai Motor Group Chairman Chung Euisun has vowed to turn the South Korean automotive giant into a state-of-the-art tech company to lead the pack ...
Jan 04, 2023 (Gmt+09:00)
-
Automobiles
Hyundai, Kia aim to outpace industry growth in 2023
The Hyundai Motor Group is aiming to boost sales by 10% this year from 2022, above an estimated single-digit growth in the global automotive market....
Jan 03, 2023 (Gmt+09:00)
-
Tech, Media & Telecom
Sejong kicks off private 5G business for exclusive use for industrial safety
Sejong Telecom, Inc. a mid-sized facilities-based telecommunications business and ICT platform company in South Korea, will launch a private 5G bu...
Jan 03, 2023 (Gmt+09:00)
-
Business & Politics
Korea proposes bigger tax breaks for chipmakers, key industries
The South Korean government plans to raise tax breaks for facility investments by big companies, including chipmakers, to as much as 25% following P...
Jan 03, 2023 (Gmt+09:00)
-
Food & Beverage
Daesang F&B changes company name to Daesang Dives
A South Korean food and beverage company Daesang F&B changed its name to Daesang Dives, the company said on Monday.Daesang Dives is a combinatio...
Jan 03, 2023 (Gmt+09:00)
-
Tech, Media & Telecom
Ideahub to launch new platform for individual investors of patents in Q1
In the next three months, South Korea's Ideahub is poised to launch a platform on which individual investors can also invest in patents.If all goes ...
Jan 03, 2023 (Gmt+09:00)
-
Korean games
S.Korea's gaming industry reaches $15.7 billion in scale
South Korea's game industry in 2021 saw sales of over 20 billion won ($15.7 billion), ranking the country fourth on the global market. The Kore...
Jan 03, 2023 (Gmt+09:00)
-
Korean stock market
Samsung Elec seen as 2023 top outperformer in Korea
Samsung Electronics Co. topped the list of stocks expected to outperform the South Korean stock market in 2023 on the prospect of a rebound in the m...
Jan 02, 2023 (Gmt+09:00)
-
Corporate strategy
Korean business chiefs’ Year of the Rabbit messages: Keep investing
South Korea’s top business leaders on the first business day of the year stressed the importance of active investment and concentration of r...
Jan 02, 2023 (Gmt+09:00)
-
Korean chipmakers
Is semiconductor chip rental doable?: Samsung says yes
Samsung Electronics Co., the world’s largest memory chipmaker, is looking to launch a high-end memory chip rental service as its new business ...
Dec 30, 2022 (Gmt+09:00)
-
Business & Politics
Korea plans to raise tax breaks for chipmakers, key industries
The South Korean government plans to revise a recently passed bill aimed at supporting the country’s semiconductor sector and other key indust...
Dec 30, 2022 (Gmt+09:00)
-
IPOs
Morning food delivery firm Oasis passes Kosdaq listing eligibility review
Oasis Corp., which operates the early morning food delivery platform "Oasis Market," said it passed the eligibility review for listing at Kosdaq mar...
Dec 30, 2022 (Gmt+09:00)
-
Waste management
SuperBin completes plastic recycling factory in Seoul suburb
SuperBin, a South Korean startup reshaping the waste recycling ecosystem using Fourth Industrial Revolution technologies, on Thursday said it had co...
Dec 30, 2022 (Gmt+09:00)
-
Bio & Pharma
Daewoong Pharma, Neurolive to jointly develop new antidepressant drug
South Korea's drug company Daewoong Pharmaceutical said on Wednesday that it has signed an agreement with biopharmaceutical venture Neurorive to joi...
Dec 28, 2022 (Gmt+09:00)
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