right of first refusal
Scope
Date
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Shareholder activism
Hanjin Group management rights feud resolved with aid of LX Group
LX Pantos, an LX Group affiliate, has acquired a 3.86% stake in Hanjin KAL Corp., the holding company of Hanjin Group.The LX Group is considered a k...
Aug 29, 2022 (Gmt+09:00)
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Arts
Corporate sponsors focus on luxury at Seoul's first Frieze Art Fair
With just three days before the world-renowned Frieze Art Fair launches its inaugural event in Seoul, corporate sponsors are duking it out to outs...
Aug 26, 2022 (Gmt+09:00)
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Energy
Korea wins $2.25 bn deal to build Egypt's 1st nuclear power plant
Korea Hydro and Nuclear Power Co. (KHNP) has received a 3 trillion won ($2.25 billion) order to construct turbine islands under the El-Dabaa nuclear...
Aug 25, 2022 (Gmt+09:00)
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Banking & Finance
Shinhan Card ties up with FiscalNote for global data biz
Shinhan Card Co. has joined forces with US legal data and analytics company FiscalNote Holdings Inc. to expand its data business into the global mar...
Aug 25, 2022 (Gmt+09:00)
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Earnings
Hyundai Elevator logs first quarterly loss since 1996
Hyundai Elevator Co., South Korea’s No. 1 elevator producer, swung to a quarterly operating loss for the first time since it was listed on the...
Aug 25, 2022 (Gmt+09:00)
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Korean startups
SoftBank-backed Tridge becomes South Korea’s first agriculture unicorn
South Korea’s agriculture and food trading platform Tridge Co. announced Thursday that it raised 50 billion won ($37.4 million) from DS Asset ...
Aug 25, 2022 (Gmt+09:00)
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Future mobility
Hyundai Motor Group to invest in fabless startup BOS Semiconductors
Hyundai Motor Group announced on Wednesday that it will invest in Seongnam-based fabless startup BOS Semiconductors, which designs system-on-chip (S...
Aug 25, 2022 (Gmt+09:00)
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Food & Beverage
Ediya to re-enter global café market with first branch in Guam
South Korea’s homegrown coffee chain Ediya Coffee is ready for re-entry into the global café market after the failure of its Chinese bu...
Aug 24, 2022 (Gmt+09:00)
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Fiber & Textile
Hyosung showcases world’s first bio spandex at Seoul textile exhibition
Hyosung TNC Corp., a South Korean textile and yarn maker, is showcasing the world’s first commercialized plant-based spandex at an internation...
Aug 24, 2022 (Gmt+09:00)
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Earnings
Nongshim posts first operating loss from Korean sales in 24 years
South Korea’s top noodle maker Nongshim Co. has posted a quarterly operating loss from its domestic business – its first loss in 24 year...
Aug 17, 2022 (Gmt+09:00)
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Petrochemicals
LG Chem, ADM to build two bioplastics plants in Illinois
LG Chem Ltd., South Korea’s largest chemicals maker, said on Tuesday it has signed an agreement with Archer Daniels Midland Co. (ADM), a globa...
Aug 16, 2022 (Gmt+09:00)
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Korean chipmakers
Korea's Hanmi Semiconductor releases new glass micro saw
Hanmi Semiconductor Co., South Korea’s leading chip equipment maker, has launched a ‘full automation glass micro saw' dubbed GL2101 and ...
Aug 16, 2022 (Gmt+09:00)
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Economy
Seoul National University to set up first overseas campus in Vietnam
Seoul National University (SNU), South Korea’s top-ranked higher education institution, is pursuing the setup of its first overseas campus in ...
Aug 16, 2022 (Gmt+09:00)
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Batteries
Boston emerges as Korean firms’ R&D hub for AI, batteries
Top South Korean conglomerates Samsung and Hyundai have selected Boston as the home of their first overseas research centers for batteries and artif...
Aug 16, 2022 (Gmt+09:00)
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Earnings
Taekwang’s first loss in a decade dampens outlook
Taekwang Industrial Co., a South Korean petrochemical and textile company, reported its first quarterly loss in 10 years amid weakness in its key bu...
Aug 16, 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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Earnings
Coupang posts first positive EBITDA, raises full-year forecast
Coupang Inc., South Korea’s answer to global e-commerce giant Amazon.com, said on Wednesday its second-quarter performance has improved signif...
Aug 11, 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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Aerospace & Defense
S.Korea’s first mission to the Moon, Danuri, enters transfer orbit
South Korea’s first lunar orbiter, Danuri, has been launched onto a ballistic lunar transfer orbit as planned, the country’s science min...
Aug 05, 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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Shipping & Shipbuilding
Korea’s Big Three shipbuilders in red despite growing order backlog
South Korea’s three major shipbuilders remain in the red despite hefty new ship orders so far this year, led by high-priced vessels such as li...
Aug 01, 2022 (Gmt+09:00)
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Petrochemicals
DL Chemical’s Cariflex to build $384 million latex plant in Singapore
South Korea’s DL Chemical Co., a unit of the petrochemical-to-construction conglomerate DL Group, said on Thursday it is spending 500 billion ...
Jul 28, 2022 (Gmt+09:00)
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Batteries
LG Energy shrugs off slowing economy as demand grows
South Korea’s top battery maker LG Energy Solution Ltd. on Wednesday unveiled its ambitious goals for revenue and operating margins as electri...
Jul 27, 2022 (Gmt+09:00)
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Corporate investment
SK to build first chip packaging plant in US with $22 bn investment
WASHINGTON DC – SK Group, South Korea’s second-largest conglomerate, said on Wednesday it will build its first memory chip packaging fac...
Jul 27, 2022 (Gmt+09:00)
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Korean chipmakers
Samsung Elec. celebrates world's first shipment of 3-nanometer chips
Samsung Electronics Co. held a ceremony on Monday to celebrate its first shipment of 3-nanometer semiconductor chips, notching its lead in the race ...
Jul 25, 2022 (Gmt+09:00)
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Korean startups
Five startups join the ranks of unicorns in the first half of this year
Five South Korean startups joined the ranks of unicorns in the first half of 2022, the largest such figure for six months. With that, the total...
Jul 22, 2022 (Gmt+09:00)
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COVID-19
Ildong mulls seeking COVID-19 pill approval from Korea first
Ildong Pharmaceutical Co., a South Korean drugmaker, considers seeking approval for a COVID-19 anti-viral pill from the country as Japan postponed g...
Jul 22, 2022 (Gmt+09:00)
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Electric vehicles
Award-winning Hyundai IONIQ 5 EV to land in Japan as MK Taxi
South Korea’s top automaker Hyundai Motor Co. said on Wednesday it is supplying its all-electric IONIQ 5 crossover to Japan’s taxi servi...
Jul 20, 2022 (Gmt+09:00)
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Private equity
SK Square makes its first exit seeking new target firms
South Korean investment firm SK Square Co. has sold all of its shares in Korean biotech NanoEntek Inc., a 28.4% stake, for 58 billion won ($44.3 mil...
Jul 20, 2022 (Gmt+09:00)
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Aerospace & Defense
Korea's domestic jet fighter KF-21 completes first flight test
KF-21 Boramae, South Korea’s first advanced supersonic jet fighter, successfully completed its first flight test on Tuesday more than six year...
Jul 19, 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