non-manufacturing sector
Scope
Date
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Mergers & Acquisitions
SK, Lotte's restructuring to drive Korea's M&A market in 2025
SK and Lotte groups remain the focus for South Korean dealmakers as the two conglomerates accelerate restructuring by divesting non-core assets, a s...
Jan 20, 2025 (Gmt+09:00)
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Corporate bonds
Korean petrochemical sector to sell corporate bonds amid downturn
South Korea’s petrochemical producers are set to issue corporate bonds to take advantage of ample liquidity at the beginning of the year amid ...
Jan 14, 2025 (Gmt+09:00)
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Automobiles
Hyundai Mobis to boost US production to cope with Trump
LAS VEGAS -- Hyundai Mobis Co., the world’s fifth-largest auto parts maker, plans to beef up its US production to cope with President-elect Do...
Jan 12, 2025 (Gmt+09:00)
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Korean Innovators at CES 2025
LG Electronics, Microsoft sign strategic partnership on AI agents
LAS VEGAS – South Korea’s top home appliance maker LG Electronics Inc. has signed a strategic partnership with US tech giant Micros...
Jan 07, 2025 (Gmt+09:00)
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Corporate investment
Mirae Asset invests $200 mn in LS Group affiliate in US
South Korea's Mirae Asset Global Investments said on Sunday it invested $200 million in Essex Solutions, a US magnet wire manufacturing affiliate un...
Jan 06, 2025 (Gmt+09:00)
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Aerospace & Defense
India to acquire 100 units of Hanwha Aerospace’s K9 howitzers via L&T
India will acquire 100 units of the K9 self-propelled howitzers developed by South Korea’s Hanwha Aerospace Co. from Larsen & Toubro (L&am...
Dec 30, 2024 (Gmt+09:00)
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Korean startups
Fleetune continues evolving for smarter route optimization
Fleetune Inc., a South Korean transportation management service (TMS) platform-developing startup, is gearing up for a big leap next year with relen...
Dec 30, 2024 (Gmt+09:00)
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Petrochemicals
Korea to ease rules for petrochem industry M&As, plant closures
South Korea will ease regulations and offer incentives to facilitate the restructuring of domestic petrochemical makers battling a global suppl...
Dec 24, 2024 (Gmt+09:00)
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Energy
Doosan Enerbility to supply TerraPower's SMR equipment
South Korea's Doosan Enerbility Co. said on Thursday it signed a contract with TerraPower to supply the equipments for small modular reactor (SMR).T...
Dec 19, 2024 (Gmt+09:00)
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Pension funds
NPS to invest record $1.4 billion in Korean property market in 2025
South Korea’s National Pension Service (NPS) plans to invest 2 trillion won ($1.4 billion) in the domestic real estate market next year to gai...
Dec 18, 2024 (Gmt+09:00)
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Economy
Foreign workers in S.Korea surpasses 1 million
The number of foreign workers in South Korea has broken past the 1 million mark.According to Statistics Korea on Tuesday, as of May, there were 1.56...
Dec 17, 2024 (Gmt+09:00)
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Steel
POSCO Future M develops technology to make electrode rods
POSCO Future M Co., a battery material and steel manufacturing equipment supplier, said on Thursday it has developed electrode rod manufacturing tec...
Dec 12, 2024 (Gmt+09:00)
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Aerospace & Defense
LIG Nex1, Electroninks to team up for component materials
South Korea's LIG Nex1 Co. said Tuesday it signed a memorandum of understanding (MOU) with the US-based Electroninks Inc. to research and develop ne...
Dec 04, 2024 (Gmt+09:00)
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Robotics
POSCO to buy Korean robotics firm stake for steel business
South Korea’s steel-to-battery materials conglomerate POSCO Group will invest in the leading domestic robotics company to boost its ailing ste...
Dec 01, 2024 (Gmt+09:00)
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Petrochemicals
HD Hyundai Oilbank ventures into bioenergy sector as new growth driver
HD Hyundai Oilbank Co., a South Korean crude oil refiner backed by Saudi Aramco, is diversifying its business beyond fossil fuel-centered operations...
Nov 29, 2024 (Gmt+09:00)
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Korean stock market
Korean pension funds buy a net $1.2 bn in Kospi stocks in November
South Korean pension funds continued their Kospi market buying spree for a fourth straight month in November, notching their largest net purchases o...
Nov 27, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor to invest $479 million in Malaysia
Hyundai Motor Co. said on Tuesday that it plans to invest $479 million in Malaysia over five years, starting in 2025.The South Korean automaker stat...
Nov 26, 2024 (Gmt+09:00)
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Leadership & Management
Hyundai’s José Muñoz sees new Trump policy, China's rise as opportunity
LOS ANGELES – José Muñoz, freshly tapped as the next chief executive of Hyundai Motor Co., says the current market uncertainty s...
Nov 25, 2024 (Gmt+09:00)
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Electric vehicles
Hyundai premieres IONIQ 9 to be made in US, Korea
LOS ANGELES -- Hyundai Motor Co. on Wednesday unveiled the IONIQ 9 with a plan to produce the leading South Korean automaker’s first large ele...
Nov 21, 2024 (Gmt+09:00)
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Korean food
CJ CheilJedang to invest $584 mn to build food factories in Europe, US
CJ CheilJedang Corp., South Korea’s largest food company, will spend a total of $584 million to build new food-manufacturing factories in Euro...
Nov 21, 2024 (Gmt+09:00)
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Bio & Pharma
Samsung Biologics wins $668 million CDMO deal with European pharma
Samsung Biologics Co., the world’s largest contract drugmaker, said on Wednesday it has signed two drug manufacturing contracts worth a combin...
Nov 20, 2024 (Gmt+09:00)
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Corporate strategy
Hyundai Mobis aims to expand non-captive sales to 40% as it goes global
South Korea’s top auto parts maker Hyundai Mobis Co. on Tuesday said it aims to boost non-Hyundai Motor Group affiliate sales to 40% of its to...
Nov 19, 2024 (Gmt+09:00)
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Corporate bonds
Korea Inc. rushes to booming local corporate bond market
South Korean companies are rushing to raise money in the local corporate bond market, which is unusually buoyant at year's end amid expectations of ...
Nov 18, 2024 (Gmt+09:00)
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Business & Politics
First Korean American US Senator vows to cement Seoul-Washington ties
NEW YORK – Democratic US Representative Andy Kim, the first Korean American elected to the US Senate, has pledged to strengthen the relationsh...
Nov 07, 2024 (Gmt+09:00)
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Automobiles
Tata Daewoo rebrands itself as Tata Daewoo Mobility
South Korea's Tata Daewoo Commercial Vehicle Company is rebranding itself as "Tata Daewoo Mobility" to mark its 30th anniversary.Tata Daewoo held on...
Nov 06, 2024 (Gmt+09:00)
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Aerospace & Defense
LIG Nex1, UK’s Babcock sign MOU to develop global MRO market
LIG Nex1 Co., a leading defense systems developer in South Korea, announced on Wednesday that it had signed a comprehensive memorandum of understand...
Nov 06, 2024 (Gmt+09:00)
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Corporate bonds
S&P upgrades SK Innovation credit rating to BBB-
Global credit rating agency Standard & Poor's (S&P) announced on Friday that it upgraded SK Innovation Co.'s long-term credit rating from a ...
Nov 01, 2024 (Gmt+09:00)
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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)
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Automobiles
Hyundai to launch Euro 7-compliant car in Europe next year
Hyundai Motor Co., South Korea’s top automaker, is set to introduce a tougher emissions standards-compliant model in Europe next year ahead of...
Oct 31, 2024 (Gmt+09:00)
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Banking & Finance
Mirae Asset's retirement pension reserves rise by $2.9 bn in 2024
South Korea's Mirae Asset Securities Co. said on Tuesday that its defined contribution (DC) retirement pension and individual retirement pension (IR...
Oct 22, 2024 (Gmt+09:00)
Latest News
- 1 MBK-invested Homeplus looks for new owner as M&A emerges as option
- 2 Hyundai Steel to displace Baoshan as GM Korea's supplier
- 3 S.Korea’s No.1 dried seaweed firm Kwangcheonkim on market for $295 mn
- 4 BOK chief warns against aggressive policy rate cuts, sees need for fiscal stimulus
- 5 S.Korea eases path for foreign REITs in senior housing push