new year business plans
Scope
Date
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Logistics
Coupang to host business briefing on Taiwan market entry
South Korea's e-commerce leader Coupang Inc. announced on Friday that it plans to conduct a business briefing focused on aiding domestic small and m...
Sep 15, 2023 (Gmt+09:00)
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Automobiles
POSCO Int'l to supply EV motor cores to Hyundai Motor Group
South Korea's POSCO International Corp. on Thursday said it signed a deal to supply 3.5 million traction motor cores for electric vehicles (EV) to H...
Sep 15, 2023 (Gmt+09:00)
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Electronics
Samsung to launch 83-inch OLED TVs equipped with LG panels in Europe
South Korea’s Samsung Electronics Co. is set to bring its 83-inch 4K OLED TV model, with panels supplied by its crosstown rival LG Display Co....
Sep 14, 2023 (Gmt+09:00)
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Machinery
HD Hyundai Infracore gets 131 Develon orders from Saudi, Brazil
South Korea's HD Hyundai Infracore Co. announced on Wednesday that it has recently secured orders for 131 units of its own brand Develon excavator...
Sep 13, 2023 (Gmt+09:00)
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Logistics
Hyundai Glovis to participate in N.America's largest bulk cargo exhibition
Hyundai Glovis Co., the logistics unit of South Korea's Hyundai Motor Group, announced on Wednesday that it will be a participant in Breakbulk Ameri...
Sep 13, 2023 (Gmt+09:00)
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Carbon neutrality
Samsung Electronics on track to achieve carbon neutrality by 2050
Come Friday, Samsung Electronics Co., the world’s largest memory chipmaker, will mark its first anniversary of publicly announcing its enterpr...
Sep 13, 2023 (Gmt+09:00)
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Korean chipmakers
SK Enpulse to sell off chip processing units in China
SK Enpulse Co., a South Korean semiconductor part and equipment maker, said on Wednesday it will sell off its chip pre-manufacturing processing unit...
Sep 13, 2023 (Gmt+09:00)
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Food & Beverage
Paris Baguette to open nine new North American stores in Sept.
Paris Baguette, the bakery franchise owned by South Korea's SPC Group, said on Wednesday that it plans to open nine new stores in North America this...
Sep 13, 2023 (Gmt+09:00)
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Tech, Media & Telecom
New Mercedes E-Class, world’s first to use LG’s SPM display
LG Display Co., the world’s leading organic light-emitting diode (OLED) panel maker seeking to cement its market leadership, is supplying its ...
Sep 12, 2023 (Gmt+09:00)
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Bio & Pharma
Wellmarker Bio signs worth of $528 mn tech transfer deal
Wellmarker Bio, South Korea's oncology drug development company, announced on Monday that it has signed a technology transfer agreement with a Europ...
Sep 12, 2023 (Gmt+09:00)
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KOREA Investment Week
Celltrion builds clinical data bank for new biosimilars
The use of data and computing is a new paradigm in the biopharmaceutical industry, reducing the new drug development time and cost, Celltrion Inc. C...
Sep 12, 2023 (Gmt+09:00)
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Retail
Korean retailers boost Mongolia presence with new stores, products
South Korean retail giants are advancing into Mongolia where Korean food and daily necessities are gaining in popularity among local consumers. Big-...
Sep 12, 2023 (Gmt+09:00)
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Carbon neutrality
SK Forest, NH Securities to cut CO2 emissions in East Timor
South Korea’s SK Forest Co. and NH Investment & Securities on Friday held a launching ceremony for their joint supply of high-efficiency c...
Sep 12, 2023 (Gmt+09:00)
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Batteries
Korean firms confident they can outpace China in LFP battery race
South Korea’s leading battery and materials makers on Monday shared their concerns about Chinese rivals’ ascent, but expressed confidenc...
Sep 11, 2023 (Gmt+09:00)
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Electric vehicles
Hyundai NEXO retains fuel cell EV leadership; Toyota Mirai follows fast
South Korea’s top automaker Hyundai Motor Co. retained its leadership in the hydrogen fuel cell electric vehicle (FCEV) market in the January-...
Sep 11, 2023 (Gmt+09:00)
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Food & Beverage
KT&G to build new factory in Indonesia
South Korea's KT&G Corp. has received a commitment of active investment support from the Indonesian government for building a local new factory....
Sep 11, 2023 (Gmt+09:00)
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Steel
POSCO Holdings to strengthen collaboration with SNU
South Korea's POSCO Holdings Inc. signed a memorandum of understanding (MOU) for comprehensive industry-academia collaboration with Seoul National U...
Sep 11, 2023 (Gmt+09:00)
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Mergers & Acquisitions
SKC to acquire 12% stake in US chip packaging startup Chipletz
SKC Ltd., a South Korean chemical materials company, said on Monday it will take part in a series B round of investment in Chipletz, a US fabless su...
Sep 11, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Avikus to launch system for self-driving leisure boats
Avikus, the autonomous navigation solutions affiliate of South Korean conglomerate HD Hyundai Co., will launch New Boat Dock, a self-driving system ...
Sep 11, 2023 (Gmt+09:00)
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Business & Politics
S.Korea, Indonesia to bolster high-tech partnership
JAKARTA, Indonesia -- South Korea and Indonesia have affirmed their commitment to expanding the scope of business cooperation from high tech to food...
Sep 10, 2023 (Gmt+09:00)
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Real estate
Hanjin KAL to sell off its Waikiki Resort Hotel at $108 mn
South Korea’s Hanjin KAL Corp. will sell the assets owned by its Hawaii-based subsidiary Waikiki Resort Hotel Inc. to US company AHI-CLG LLC a...
Sep 08, 2023 (Gmt+09:00)
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Tech, Media & Telecom
SK Ecoplant to build data center linked to landing station in Pohang
South Korea's SK Ecoplant is set to establish, for the first time in South Korea, a global data center linked to a landing station in Pohang, North ...
Sep 08, 2023 (Gmt+09:00)
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Electric vehicles
Hyundai-LG battery JV in Indonesia to power IONIQ 5, other EVs: Chung
Hyundai Motor Co.'s battery joint venture with LG Energy Solution Ltd. in Indonesia will become the South Korean carmaker’s battery manuf...
Sep 08, 2023 (Gmt+09:00)
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Corporate strategy
Korea Inc. to focus more on India, Vietnam as biz partners
South Korean companies are set to concentrate more on business with emerging markets including India and Vietnam than Asian major countries such as ...
Sep 08, 2023 (Gmt+09:00)
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Energy
POSCO Int'l, Equinor tie up for Ulsan offshore wind project
POSCO International Corp., a South Korean energy and trading arm of steel behemoth POSCO Holdings Inc., signed a memorandum of understanding on Thur...
Sep 08, 2023 (Gmt+09:00)
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Korean stock market
Korea warns foreigners of stricter rules on illegal short selling
South Korea’s financial watchdog urged foreign brokerage firms to strengthen their internal control systems to ban illegal short selling on th...
Sep 07, 2023 (Gmt+09:00)
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Electric vehicles
High price, quality issues slow Kia EV9 sales in Korea
Kia Corp., South Korea’s No. 2 automaker, is struggling to sell its flagship large all-electric sport utility vehicle EV9 at home as high pric...
Sep 07, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
HD KSOE to build world's largest ammonia carriers
HD Korea Shipbuilding & Offshore Engineering Co. (KSOE), the intermediate holding company of HD Hyundai Heavy Industries, is set to become the f...
Sep 07, 2023 (Gmt+09:00)
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Korean startups
LG seeks outside innovators' ideas on new growth drivers at Superstart Day
LG Group, South Korea’s fourth-largest business group, is actively embracing collaboration with outside innovators to foster its new growth dr...
Sep 07, 2023 (Gmt+09:00)
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Retail
E-Mart opens 4th Korean hypermarket in Ulaanbaatar
South Korea’s top supermarket chain E-Mart Inc. launched its fourth hypermarket in Ulaanbaatar on Thursday with a stronger push for Korean bra...
Sep 07, 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