post-COVID-19 era
Scope
Date
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Pharmaceuticals
Samsung Bioepis posts $1.26 billion in global biosimilar sales
Samsung Bioepis Co., a biopharmaceutical unit of Samsung Group, said on Friday that sales of its five biosimilar products in global markets, excludi...
Feb 18, 2022 (Gmt+09:00)
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Earnings
Asiana Airlines swings to profit in 2021 on cargo boom
South Korea's Asiana Airlines Inc. turned to the black in 2021, reporting its largest-ever operating profit since 2010, as global supply chain disru...
Feb 16, 2022 (Gmt+09:00)
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Pension funds
KTCU posts highest investment return since 2009
Korean Teachers’ Credit Union (KTCU), a retirement fund for South Korean teachers and employees, earned an 11.3% return from investment last y...
Feb 14, 2022 (Gmt+09:00)
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Earnings
Kakao slips below Naver in Q4 revenue
South Korea’s tech giant Kakao Corp. reported 4Q revenue of 1.78 trillion won ($1.5 billion) in 2021, a 45% jump on-year. The figure is slight...
Feb 11, 2022 (Gmt+09:00)
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Earnings
SK Bioscience posts record earnings driven by COVID-19 vaccines
SK Bioscience Co., a biopharmaceutical unit of South Korea’s SK Group, has posted record 2021 revenue and operating profit, boosted by contrac...
Feb 08, 2022 (Gmt+09:00)
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Earnings
Hyundai Heavy's KSOE posts $1.1 bn loss in 2021
Korea Shipbuilding & Offshore Engineering Co. (KSOE), under Hyundai Heavy Industries Group, on Monday reported a bigger-than-expected operating ...
Feb 07, 2022 (Gmt+09:00)
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Pension funds
Korea Post to invest in overseas data centers and warehouses
Korea Post will increase its alternative investment from 13.6 trillion won ($11.3 billion) at the end-2021 to 16.7 trillion won ($13.9 billion) in 2...
Feb 07, 2022 (Gmt+09:00)
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Pension funds
Teachers' Pension posts record-high 12% return in 2021
Korea Teachers’ Pension (KTP) has said the rate of return from its investment management in 2021 reached 12%, the highest ever since its inc...
Feb 06, 2022 (Gmt+09:00)
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Pharmaceuticals
Celltrion, Humasis to ship $300 mn COVID-19 test kits to US
South Korea's biopharmaceutical company Celltrion Inc. and diagnostic kit manufacturer Humasis Co. have signed contracts to supply their jointly-dev...
Feb 04, 2022 (Gmt+09:00)
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Automobiles
Hyundai, Kia post record US car sales as Japanese firms struggle
Hyundai Motor Co. and Kia Corp., the two automaking units of Hyundai Motor Group, saw their combined auto sales in the US rise to their highest leve...
Feb 03, 2022 (Gmt+09:00)
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Entertainment
Naver to invest $330 mn in content business expansion
Naver Corp., South Korea’s online portal giant, decided to make an additional investment in a web content unit to expand its global webtoon an...
Jan 28, 2022 (Gmt+09:00)
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Alternative investments
IGIS, Shinhan post 70% return a year from Amazon warehouse sale
A Korean consortium led by IGIS Asset Management Co. and Shinhan Global Investment Banking (GIB) has signed a contract with a US asset manager to se...
Jan 24, 2022 (Gmt+09:00)
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Economy
Korea to see second month of trade deficit
South Korea is slated to see a trade deficit for a second straight month in January for the first time since the 2008-09 global financial crisis on ...
Jan 24, 2022 (Gmt+09:00)
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Pension funds
KTCU names financial investment head as new CIO
Korean Teachers’ Credit Union (KTCU) has named its former Financial Investment Department head Park Man-soo as its new chief investment officer,...
Jan 18, 2022 (Gmt+09:00)
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CES 2022
Samsung ushers in era of bespoke homes with AI butlers
Samsung Electronics Co. is showcasing an unprecedented immersive home electronics experience at CES 2022 (Jan. 5-8.) YOUR HOME AS A METAVERSE...
Jan 05, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Korean Air’s post-merger plan hits snag after conditional approval
Korean Air Lines Co. faces growing pressure from the country’s antitrust regulator to drastically adjust its post-merger integration plans aft...
Jan 04, 2022 (Gmt+09:00)
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Pension funds
NPS posts 7.6% return as of October 2021
South Korea’s National Pension Service (NPS) posted a 7.6% rate of return as of October 2021, according to a preliminary data report by its in...
Jan 03, 2022 (Gmt+09:00)
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Steel
Korea 2021 steel output set to top 70 mn tons on supercycle
South Korea’s steel output last year was estimated to have topped 70 million tons as the industry enjoyed a steel supercycle for the first tim...
Jan 02, 2022 (Gmt+09:00)
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Economy
Korea 2021 exports hit record on strong sales of key products
South Korea’s exports last year hit a record on strong sales of key products such as semiconductors, automobiles and petrochemicals.Exports su...
Jan 02, 2022 (Gmt+09:00)
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Carbon neutrality
POSCO mothballs Korea’s oldest blast furnace for carbon neutrality
Park Tae-joon, the late honorary chairman of POSCO Co., and other key founding members of the global steel giant celebrated on June 9, 1973, when So...
Dec 29, 2021 (Gmt+09:00)
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Korean chipmakers
Samsung cuts NAND output in Xian on COVID-19 lockdown
Samsung Electronics Co., the world’s largest NAND flash memory chipmaker, said on Wednesday it is adjusting operations at its manufacturing fa...
Dec 29, 2021 (Gmt+09:00)
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COVID-19
SK Bioscience to sell Novavax COVID-19 vaccine in Thailand, Vietnam
SK Bioscience Co., a biopharmaceutical unit of South Korea’s SK Group, said on Friday it has acquired non-exclusive rights to sell US-based No...
Dec 24, 2021 (Gmt+09:00)
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Executive reshuffles
POSCO puts stability above reform in management overhaul
South Korea’s steel giant POSCO has chosen stability over reform in its latest management overhaul, retaining most chief executives at group a...
Dec 22, 2021 (Gmt+09:00)
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COVID-19
Korea approves export of Samsung Biologics-made Moderna vaccine
South Korea approved exports of Moderna Inc.’s COVID-19 vaccine produced by Samsung Biologics Co. in a move that will help the country’s...
Dec 14, 2021 (Gmt+09:00)
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Korean chipmakers
Winter is over? Samsung's Q3 chip sales beat Intel's
In August, a Morgan Stanley report on the semiconductor industry, “Winter is coming,” fueled debate on whether chip prices were peaking ...
Dec 13, 2021 (Gmt+09:00)
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Leadership & Management
Samsung’s mid-tier executive reshuffle: More female and foreign faces
Samsung Electronics Co. on Thursday carried out its year-end reshuffle of mid-tier executives, marked by the highest number of promotions for female...
Dec 09, 2021 (Gmt+09:00)
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Private equity
Partners Group attracts Korea Post and local insurers to PE funds
Some major South Korean institutional investors have committed to Switzerland-headquartered global asset manager Partners Group's Secondary 2020 Fun...
Dec 06, 2021 (Gmt+09:00)
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Economy
Korea lawmakers approve record $515 bn budget for 2022
South Korea’s parliament on Dec. 3 approved a record $515 billion spending for 2022 to support a recovery in Asia’s fourth-largest econo...
Dec 03, 2021 (Gmt+09:00)
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Private equity
Korea Post selects Ardian, Hamilton Lane for $100 mn co-investment
Korea Post’s savings arm has selected French private equity firm Ardian SA and US alternative investment manager Hamilton Lane Advisors LLC ...
Dec 01, 2021 (Gmt+09:00)
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COVID-19
Celltrion to export COVID-19 treatment to Europe in 2021
South Korea’s pharmaceutical giant Celltrion Inc. is set to export its COVID-19 treatment Regkirona to Europe by the end of this year as it se...
Nov 30, 2021 (Gmt+09:00)
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Latest News
- 1 Google to invest $100 mn in Gentle Monster in smart glasses push
- 2 Growth equity portfolio largely shielded from policy headwinds: Summit
- 3 Naver Financial seeks to acquire S. Korean real estate data platform Asil
- 4 KakaoBank shares surge on Thai virtual bank approval
- 5 Lotte Biologics signs antibody drug CMO deal with UK’s Ottimo Pharma