open smart home platform
Scope
Date
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Korean chipmakers
Samsung wins first 2 nm AI chip order from Japan’s PFN; a snub to TSMC
Samsung Electronics Co., the world’s largest memory chipmaker, has won its first 2-nanometer node artificial intelligence chip production cont...
Feb 16, 2024 (Gmt+09:00)
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Tech, Media & Telecom
LG Uplus validates next-gen 5G SW platform tech
South Korea's LG Uplus Corp. announced on Thursday that it has completed the technology verification of next-generation software platforms with Eric...
Feb 15, 2024 (Gmt+09:00)
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Private equity
MBK Partners' key asset draws young customers: Modern House
Modern House, the top home decoration brand in South Korea, sticks to a unique rule for its store operations: one-third of the products on the shelv...
Feb 15, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Nature Republic opens first store at Dubai Mall
South Korean beauty brand Nature Republic announced on Thursday that it opened its first store at Dubai Mall, the largest shopping mall in Dubai, ...
Feb 15, 2024 (Gmt+09:00)
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Korean food
India's love for Korean pizza spurs Gopizza’s global business
South Korea’s Gopizza Inc. opened its 50th branch in India, the world’s most populous country, as the food tech startup aims to attract ...
Feb 15, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Qoo10 buys US e-commerce platform Wish for $173 mn
Southeast Asia-focused e-commerce platform Qoo10 Pte. has agreed to acquire Wish, a US online marketplace, for $173 million from Nasdaq-listed Conte...
Feb 13, 2024 (Gmt+09:00)
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Korean startups
Korea’s telemedicine startups seek growth abroad
South Korea’s telemedicine startups are seeking growth opportunities abroad in the face of regulations such as drug delivery restrictions that...
Feb 07, 2024 (Gmt+09:00)
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Tech, Media & Telecom
One Store attracts $50 mn investment from Digital Turbine
South Korean homegrown app store One Store Co. has attracted a $50 million investment from the Nasdaq-listed US-based mobile platform company Digi...
Feb 07, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Cosmax targets Southeast Asia's halal perfume market
Cosmax Inc., South Korea's largest cosmetics manufacturer in original design manufacturing (ODM), announced on Wednesday that it opened its new perf...
Feb 07, 2024 (Gmt+09:00)
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Artificial intelligence
LG Elec, Upstage to form partnership for on-device AI
South Korea’s artificial intelligence startup Upstage said on Tuesday it has signed a memorandum of understanding with LG Electronics Inc. to ...
Feb 06, 2024 (Gmt+09:00)
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Korean startups
Rebellions, Superb AI partner to bolster vision AI
South Korea’s fabless AI chip startup Rebellions Inc. has joined hands with Y Combinator alumnus-led Superb AI Inc., an AI training data platf...
Feb 06, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Cosmax opens integrated R&D center for bio-material
Cosmax Group, South Korea's largest cosmetics manufacturer specializing in original design manufacturing (ODM), announced on Monday that it has la...
Feb 05, 2024 (Gmt+09:00)
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Travel & Leisure
Korea’s luxury resort market blossoms despite slow economy
South Korea’s luxury resort market seems to operate out of sync with the economy. High-end operators are opening swanky holiday resorts in Kor...
Feb 02, 2024 (Gmt+09:00)
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Retail
E-Mart24 to open 1st convenience store in Cambodia in June
E-Mart24 Inc., a leading South Korean convenience store chain, announced on Friday plans to enter the Cambodian market, aiming to open its first sto...
Feb 02, 2024 (Gmt+09:00)
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Korean chipmakers
No annual bonuses for Samsung chip unit due to loss
Samsung Electronics Co., the world’s top memory chipmaker, decided not to pay annual bonuses to staff of its semiconductor business due to the...
Jan 30, 2024 (Gmt+09:00)
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Sovereign wealth funds
Korea’s KIC opens Mumbai office to spur emerging market investment
Sovereign wealth fund Korea Investment Corporation (KIC) said on Monday it has launched its Mumbai office, establishing the state-run fund’s f...
Jan 29, 2024 (Gmt+09:00)
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Advertising & Marketing
Hyundai Team secures victory at 2024 WRC Monte Carlo Rally
Hyundai Motor Group announced on Monday that Thierry Neuville of the Hyundai team secured the first-place victory at the Monte Carlo Rally, the inau...
Jan 29, 2024 (Gmt+09:00)
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Electronics
LG to unveil commercial display solutions at ISE 2024
LG Electronics Inc. said on Friday it will unveil a cloud platform for business-to-business (B2B) customers of commercial displays at Integrated Sys...
Jan 26, 2024 (Gmt+09:00)
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Artificial intelligence
Bespin Global supplies AI chatbot to Gimpo Int’l Airport
South Korea's cloud solution provider Bespin Global announced on Friday that it has supplied its interactive artificial intelligence (AI) platform H...
Jan 26, 2024 (Gmt+09:00)
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Korean food
Nongshim to open brand zone in Myeongdong, Seoul
South Korean food and beverage giant Nongshim Co. announced on Friday that it will open its brand zone in Myeongdong, Seoul with the domestic street...
Jan 26, 2024 (Gmt+09:00)
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Earnings
LG Electronics likely ahead of Whirlpool with record 2023 sales
LG Electronics Inc. is consolidating its lead over Whirlpool Corp. as the world’s top home appliances maker as the South Korean electronics ma...
Jan 26, 2024 (Gmt+09:00)
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Energy
OCI to strengthen solar energy biz in Malaysia
OCI Holdings Co. announced on Thursday that it hosted a charity event in Sarawak, Malaysia, aiming to strengthen local ties in the region home to it...
Jan 25, 2024 (Gmt+09:00)
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Automobiles
Daedong Gear to supply $137mn EV parts to Hyundai
Daedong Gear Co., a powertrain subsidiary of South Korea’s Daedong Group, announced on Thursday that it has won a 183.6 billion won ($137 mill...
Jan 25, 2024 (Gmt+09:00)
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Food & Beverage
Lotte gets exclusive right of Bacha Coffee in S.Korea
South Korea's Lotte Department Store announced on Thursday that is has secured the exclusive franchise and distribution rights for Bacha Coffee, M...
Jan 25, 2024 (Gmt+09:00)
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Artificial intelligence
Nike looks to lure Korean customers with Naver’s generative AI ad platform
Nike Inc., the leading global sportswear brand, has launched an advertising campaign in South Korea on the generative artificial intelligence (AI) a...
Jan 24, 2024 (Gmt+09:00)
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Travel & Leisure
Mohegan gains Korea’s 1st foreign casino license in 19 years
Mohegan Gaming & Entertainment (MGE) will open a foreigners-only casino at its resort complex in Incheon, South Korea in the first quarter after...
Jan 24, 2024 (Gmt+09:00)
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Food & Beverage
Tim Hortons to open two more stores in Seoul in January
Canadian coffee brand Tim Hortons is opening two more stores in Seoul this month.Tim Hortons announced on Wednesday that it will open its Sungnyemun...
Jan 24, 2024 (Gmt+09:00)
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Electronics
Samsung opens premium experience store in Mumbai
Samsung Electronics Co. announced on Tuesday that it opened a flagship premium experience store Samsung BKC in Mumbai, India. Samsung BKC, spread ac...
Jan 24, 2024 (Gmt+09:00)
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Tech, Media & Telecom
LG Channels poised to take off in India as new cash cow
LG Electronics Inc.'s transformation into a media and entertainment platform is gaining traction as its free web-based television streaming service ...
Jan 24, 2024 (Gmt+09:00)
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Retail
Lotte Mall West Lake Hanoi cited as a Lotte success story
Lotte Mall West Lake Hanoi, a premium commercial complex, has emerged as a hot spot in Vietnam, hitting the 100 billion won ($74 million) milestone ...
Jan 22, 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 bad consumer 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