real-time driving information
Scope
Date
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Metaverse
SK Telecom revs up digital economy on its metaverse platform
South Korea’s top mobile carrier SK Telecom Co. is accelerating a digital economic system on its metaverse platform ifland, the telecom giant ...
Sep 05, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Korea PE firms to buy FCCL maker NexFlex at $463 mn
South Korean private equity firms are set to take over NexFlex Co., the country’s largest manufacturer of flexible copper-clad laminates (FCCL...
Sep 02, 2022 (Gmt+09:00)
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Economy
Korea to cut spending in 2023, first time in 13 years
South Korea plans to reduce spending in 2023 for the first time in 13 years by cutting pandemic-era stimulus payments in a move to curb the country&...
Aug 30, 2022 (Gmt+09:00)
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Automobiles
Hyundai narrows Level 3 self-driving tech gap with Tesla to one year
South Korea’s top automaker Hyundai Motor Co. has narrowed its technology gap in Level 3 self-driving vehicles with Tesla Inc. to one year, mo...
Aug 29, 2022 (Gmt+09:00)
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Korean games
Com2uS announces plans to build real-life-like metaverse platform
South Korea’s Com2uS Studios, the creator of the popular game Summoners War, said on Thursday it will unveil a real-life-like metaverse platfo...
Aug 25, 2022 (Gmt+09:00)
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Blockchain
S.Korean firms adopt the x-to-earn model for data, community building
South Korean companies are embracing the x-to-earn (X2E) business model, by which users earn rewards by playing online games and accomplishing other...
Aug 19, 2022 (Gmt+09:00)
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Corporate investment
Korea Inc. cuts factory runs, capex on record inventory
Samsung Electronics Co. and other major South Korean companies have reduced their plant operations and capital expenditures as weakening demand amid...
Aug 18, 2022 (Gmt+09:00)
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Automobiles
Hyundai Motor to redirect its TaaS, AI functions to self-driving arm 42dot
Hyundai Motor Group will redirect the core functions of its Transportation-as-a-Service (TaaS) division and AIRS Company to its recently acquired se...
Aug 18, 2022 (Gmt+09:00)
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Samsung Group
Samsung Elec. unveils Odyssey Ark, 55-inch curved gaming screen
Samsung Electronics Co. on Monday announced the global launch of Odyssey Ark, the world’s first 55-inch 1000R curved gaming screen. 100...
Aug 16, 2022 (Gmt+09:00)
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Pension funds
Korea's NPS upped alternative investment by 33% in 2021
The National Pension Service (NPS) of South Korea committed 204.4 trillion won ($156.7 billion) to alternative investment as of end-2021, up 32.7% f...
Aug 12, 2022 (Gmt+09:00)
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Real estate
Hanwha Life to spur global real estate investment via US subsidiary
South Korea’s Hanwha Life Insurance Co. is set to kick off direct investment in overseas real estate via its subsidiary in the US, according t...
Aug 10, 2022 (Gmt+09:00)
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Cryptocurrencies
Hong Kong-based Crypto.com acquires South Korean exchange OK-BIT
Hong Kong-based Crypto.com announced Monday it finalized the acquisition of a 100% stake in South Korea’s cryptocurrency exchange operator OK-...
Aug 09, 2022 (Gmt+09:00)
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The KED View
Four chip alliance: S.Korea's courage to overcome Chinaphobia
“I'm gonna make him an offer he can’t refuse.”Ahn Cheol-soo, a senior lawmaker of South Korea’s ruling People Power Party, c...
Aug 09, 2022 (Gmt+09:00)
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Private equity
It's time for individual investors to bet on stocks: Carlyle's David Rubenstein
A lot of stock investors have jumped into the bullish market in recent years. But global inflation and recession appear as threats to invest...
Aug 08, 2022 (Gmt+09:00)
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Korean startups
South Korean firms bullish on hiring developers from India, SE Asia
Travel startup Storicity Inc. tried for a year to find a developer in South Korea – to no avail.But when it expanded its search abroad through...
Aug 08, 2022 (Gmt+09:00)
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Real estate
Korea's Vestas launches second $231 mn European warehouse fund
South Korea’s Vestas Investment Management Co. has created a 300 billion won ($231.2 million) blind pool fund for Europe-based logistics cente...
Aug 05, 2022 (Gmt+09:00)
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Automobiles
Hyundai Mobis steps up future mobility business
Hyundai Mobis Co., South Korea’s largest auto parts maker, is accelerating its future mobility businesses as well as intensifying open innovat...
Aug 04, 2022 (Gmt+09:00)
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Earnings
Kakao Games posts record-high operating profit in Q2
Kakao Games Corp., the game publishing unit of South Korean web service giant Kakao Corp., said on Wednesday it achieved record-high operating profi...
Aug 03, 2022 (Gmt+09:00)
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Korean chipmakers
SK Hynix unveils world's first 238-layer NAND; Samsung SSD 20 times faster
Samsung Electronics Co. and SK Hynix Inc., the world’s two largest memory chipmakers, are set to overtake their rivals in the industry’s...
Aug 03, 2022 (Gmt+09:00)
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Culture & Trends
Chinese game Genshin Impact's summer fest draws large crowds in Seoul
Shanghai-based game developer and publisher miHoYo Co. on Wednesday wrapped up its well-attended week-long Genshin 2022 Summer Festival in Seoul.&nb...
Aug 03, 2022 (Gmt+09:00)
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Future mobility
Korea to further lag China on self-driving cars
South Korea is expected to lag behind China further on autonomous vehicle technology as Shenzhen, the technology hub in Guangdong province, allowed ...
Aug 03, 2022 (Gmt+09:00)
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Future mobility
Hyundai Motor to buy Korean self-driving startup 42dot
South Korea’s top carmaker Hyundai Motor Group is set to purchase autonomous driving startup 42dot, intensifying the automaker’s competi...
Jul 29, 2022 (Gmt+09:00)
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Korean startups
S.Korean startup Time Percent gives power to digital asset investors
South Korean startup Time Percent Corp. was founded a year ago with the specific goal of giving power to the investors of digital assets, rather tha...
Jul 29, 2022 (Gmt+09:00)
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Food & Beverage
Starbucks Korea issues apology for carcinogen-containing merch
Starbucks Korea issued a public apology on Thursday regarding the recent allegations over its line of summer travel bags containing a toxic chemical...
Jul 28, 2022 (Gmt+09:00)
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Corporate restructuring
Korean firms rush to sell real estate to raise cash
South Korean companies are selling real estate and subsidiaries to raise cash as accelerating inflation, rising interest rates and the soft won all ...
Jul 26, 2022 (Gmt+09:00)
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Real estate
Development will outperform in post-COVID era: Principal Real Estate
Real estate is in the global investor spotlight amid skyrocketing inflation. However, not all property sectors or locations will offer the same infl...
Jul 22, 2022 (Gmt+09:00)
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Korean chipmakers
Samsung develops next-generation data storage device
Samsung Electronics Co. on Thursday unveiled an upgraded data storage device that significantly reduces the computer processing time and energy cons...
Jul 21, 2022 (Gmt+09:00)
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Foreign exchange
Won may head to 1,400 against the dollar for 1st time since 2008-09 crisis
The South Korean won is expected to weaken to 1,400 against the dollar, a level not seen since the 2008-09 global financial crisis as the country&rs...
Jul 15, 2022 (Gmt+09:00)
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Future mobility
Hyundai, Kia to launch Level 3 self-driving Genesis G90, EV9 in 2023
South Korea’s Hyundai Motor Group will launch its most-advanced Level 3 autonomous cars next year, starting with Hyundai Motor Co.'s flagship ...
Jul 15, 2022 (Gmt+09:00)
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Real estate
Commercial real estate market in Seoul shrinks in H1 2022
The commercial real estate market in Seoul slowed this year, according to a report by South Korean online property platform RSquare. The sum of the ...
Jul 12, 2022 (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