non-manufacturing sector
Scope
Date
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Pension funds
NPS to spur buyout, VC in US tech sector: chairman
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, will speed up its private equity (PE) investments ...
May 21, 2024 (Gmt+09:00)
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Economy
Strong exports power S.Korea’s manufacturing job growth
South Korea’s job increases rebounded in April with growth in the manufacturing sector at a 17-month high on strong exports amid the semicondu...
May 17, 2024 (Gmt+09:00)
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Steel
SeAH to invest $155.3 mn to build special alloy plant in US
SeAH Group, South Korea’s major steel group said to be a steel supplier to SpaceX, is set to foray deeper into the US, the world’s bigge...
May 16, 2024 (Gmt+09:00)
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Corporate investment
Korea Zinc to invest $146 mn in green business R&D hub
Korea Zinc Inc., South Korea’s and the world’s No. 1 lead and zinc smelter, will build its second research and development center, which...
May 13, 2024 (Gmt+09:00)
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Entertainment
Hasty overseas expansion hurts Korean entertainment sector
South Korea’s entertainment and content industries suffered from hasty expansions with investments of billions of dollars in the global market...
May 07, 2024 (Gmt+09:00)
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Korean chipmakers
Jusung Engineering to spin off major units
South Korea's Jusung Engineering Co. plans to spin off its semiconductor, solar, and display equipment businesses and transform into a holding com...
May 03, 2024 (Gmt+09:00)
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Real estate
US multifamily market challenges create investment opportunities
There is potential distress in the U.S. multifamily housing sector today. we believe there is a window of opportunity over the next 12-18 mont...
Apr 30, 2024 (Gmt+09:00)
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Aerospace & Defense
Hanwha Systems to build Jeju Hanwha Space Center
South Korea's Hanwha Systems Co. announced plans on Monday that it plans to establish the Jeju Hanwha Space Center in Jeju Special Self-Governing Pr...
Apr 30, 2024 (Gmt+09:00)
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Corporate investment
Etech System attracts $130 mn investment
South Korea's integrated IT solution consulting company Etech System attracted an investment of 180 billion won ($130 million) from private equity f...
Apr 29, 2024 (Gmt+09:00)
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Retail
KT&G faces $2 bn damages suit over heated tobacco invention
KT&G Corp., the world’s fifth-largest tobacco maker, is facing a $2 billion damages suit from a former employee who claimed the South Kore...
Apr 25, 2024 (Gmt+09:00)
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Energy
Qcells inks US solar modules, power plants deal with TGC
Hanwha Q Cells Co., a solar power unit of South Korea’s chemicals-to-defense conglomerate Hanwha Group also known as Qcells in overseas market...
Apr 24, 2024 (Gmt+09:00)
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ESG
SK Telecom, SoftBank to collaborate for SV measurement
South Korea’s SK Telecom Co. announced on Tuesday that it signed a memorandum of understanding (MOU) for cooperation in measuring social value...
Apr 23, 2024 (Gmt+09:00)
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Energy
SK Gas’ 1st LNG terminal completes test operations
SK Gas Ltd., South Korea’s No. 1 liquefied petroleum gas (LPG) distributor, has completed the test operation of its first liquefied natural ga...
Apr 22, 2024 (Gmt+09:00)
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Electric vehicles
Polestar 4 electric SUV coupe to hit South Korean roads in June
The Polestar 4 electric sport utility vehicle (SUV) coupe is set to make its debut in South Korea in June and targets deliveries from October, Swedi...
Apr 19, 2024 (Gmt+09:00)
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Energy
HD Hyundai Oilbank kicks off biodiesel mass production
HD Hyundai Oilbank Co., South Korea’s refiner backed by Saudi Aramco, started mass production of biodiesel to expand its eco-friendly energy b...
Apr 18, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
HD Hyundai, Scottish firms to cooperate on offshore wind power
South Korea's HD Hyundai Heavy Industries Co. announced on Wednesday that it signed a memorandum of understanding (MOU) with Scottish Enterprise and...
Apr 17, 2024 (Gmt+09:00)
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Corporate bonds
LH issues $193 mn Brazilian bonds
Korea Land & Housing Corporation (LH) announced on Tuesday that it had issued Brazilian real-denominated bonds worth approximately 270 billion w...
Apr 16, 2024 (Gmt+09:00)
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Artificial intelligence
Lotte Innovate, Kolon Benit to cooperate on AI Solutions
South Korea’s Lotte Innovate (formerly, Lotte Data Communication Co. ) announced that it signed a memorandum of understanding (MOU) with Kolon...
Apr 15, 2024 (Gmt+09:00)
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Batteries
SK On, Siemens DISW to build smart factory system
South Korean rechargeable battery maker SK On Co. signed a memorandum of understanding (MOU) with Siemens Digital Industries Software (Siemens DISW)...
Apr 15, 2024 (Gmt+09:00)
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Artificial intelligence
Korean big tech firms join Korea’s AI strategy council
The South Korean government has launched an artificial intelligence strategy council, jointly with domestic big tech firms such as Naver Corp. and K...
Apr 05, 2024 (Gmt+09:00)
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Economy
S.Korea’s current account surplus near 3-year high on chips
South Korea’s current account surplus touched a near three-year high in February as goods exports continued to grow on strong overseas sales o...
Apr 05, 2024 (Gmt+09:00)
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Corporate restructuring
Hanwha's holding firm to hive off non-core businesses
Hanwha Corp., the holding company of South Korea’s chemicals-to-defense conglomerate, will hive off its wind power and offshore plant building...
Apr 04, 2024 (Gmt+09:00)
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Corporate restructuring
Hanwha Aerospace to spin off non-core units to focus on defense business
Hanwha Aerospace Co., South Korea’s answer to Elon Musk’s SpaceX, is spinning off its non-core units to focus on defense and aerospace b...
Apr 03, 2024 (Gmt+09:00)
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Automobiles
Hyundai Wia unveils EV manufacturing specialized solution
Hyundai Wia Corp., a South Korean automotive parts manufacturer, unveiled its Mobility Manufacturing Total Solution specialized for electric vehicle...
Apr 01, 2024 (Gmt+09:00)
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Travel & Leisure
Kangwon Land aims to revive casino business with $1.9 billion in spending
Kangwon Land Inc., the operator of South Korea’s only casino open to locals, has long been struggling with declining visitors.Located in a rem...
Mar 29, 2024 (Gmt+09:00)
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E-commerce
Qoo10 buys Korean department store AK’s e-commerce unit
Southeast Asia-based e-commerce platform Qoo10 Pte. has signed an agreement to acquire South Korean department store chain AK Plaza’s online s...
Mar 27, 2024 (Gmt+09:00)
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Carbon neutrality
Korea’s POSCO Int’l to work on CCUS, hydrogen businesses
POSCO International Corp., the general trading and resources exploration subsidiary of South Korea’s steel giant POSCO Holdings Inc., aims to ...
Mar 25, 2024 (Gmt+09:00)
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Real estate
Shinhan to build landmark office tower for non-banking units
Shinhan Financial Group Co., South Korea's second-largest financial group, plans to build a new high-rise office tower in Seoul’s central busi...
Mar 25, 2024 (Gmt+09:00)
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Bio & Pharma
Samsung begins new drug development for rare diseases
Samsung Bioepis Co., a biosimilar development unit of South Korea’s top conglomerate Samsung Group, has begun its new drug development busines...
Mar 24, 2024 (Gmt+09:00)
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Korean games
Krafton eyes mega M&A, PUBG franchise deals: Krafton chair
Krafton Inc., South Korea’s gaming behemoth, is gearing up for the second chapter of its business through “mega” M&A deals and...
Mar 20, 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