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Tech, Media & Telecom
Tech giant Kakao turns to digital display advertising for added revenue
Kakao Corp. is looking to add display advertising to South Korea’s largest messaging app KakaoTalk, as well as the fintech apps developed by i...
Aug 19, 2022 (Gmt+09:00)
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Electric vehicles
SK, SK Energy acquire US energy solution provider Atom Power
SK Inc. and SK Energy announced they have jointly acquired North Carolina-based energy solution enterprise Atom Power Inc. for $150 million.The thre...
Aug 18, 2022 (Gmt+09:00)
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Food & Beverage
Drones, AI, big data power Korean fisheries’ earnings
The Jubilee, a 2,200-ton tuna fishing vessel operated by South Korea’s leading fishing company Dongwon Industries Co., has been using drones t...
Aug 17, 2022 (Gmt+09:00)
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Blockchain
S. Korea's digital asset exchange operators bulk up despite crypto winter
Despite being in crypto winter, or a period in which prices of major cryptocurrencies have slid and stayed low for weeks on end, South Korea's bigge...
Aug 17, 2022 (Gmt+09:00)
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Electric vehicles
Seoul says US tax credit bill risks violation of FTA, WTO
South Korea has conveyed concerns to the US about its legislative move to remove tax credits from electric vehicles produced outside of North Americ...
Aug 12, 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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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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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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Korean startups
APR Corp. generates $199 mn in revenue with advanced tech, branding
APR Corp. is a South Korean startup less than a decade old, which develops and manufactures skin care products and athleisure clothing. While t...
Aug 01, 2022 (Gmt+09:00)
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Korean startups
Corporate Korea pumps the brakes on developer pay hikes
South Korea’s biggest technology companies are taking a breather from their spending spree on hiring and retaining top developers, which has b...
Aug 01, 2022 (Gmt+09:00)
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Electric vehicles
Hyundai IONIQ 5 ahead of Volkswagen in German review
Hyundai Motor Co.’s all-electric IONIQ 5 crossover beat two competing models from Volkswagen and Swedish carmaker Polestar in a comparative as...
Aug 01, 2022 (Gmt+09:00)
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Steel
POSCO, Krakatau to expand Indonesia steel mill for $3.5 bn
South Korea’s POSCO Group and Indonesia’s state-run Krakatau Steel plan to jointly invest $3.5 billion in building a blast furnace and a...
Jul 28, 2022 (Gmt+09:00)
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Batteries
Samsung SDI to build new battery plant in Malaysia by 2025
South Korea’s battery manufacturer Samsung SDI Co. held a groundbreaking ceremony for Plant 2 to make cylindrical batteries in Seremban, Mal...
Jul 21, 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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Future mobility
Hyundai’s Supernal showcases flying electric car at UK air show
Supernal LLC, the urban air mobility affiliate of South Korea’s top automaker Hyundai Motor Co., has unveiled the cabin concept of its flying ...
Jul 19, 2022 (Gmt+09:00)
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Artificial intelligence
AI-powered translation startup XL8 raises $2.7 million in bridge investment
Artificial intelligence-powered translation startup XL8 Inc. said on Monday it raised 3.6 billion won ($2.7 million) in a bridge round prior to Seri...
Jul 18, 2022 (Gmt+09:00)
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Electric vehicles
Hyundai’s IONIQ 6 travels faster, farther than Tesla Model Y, Mercedes EQS
BUSAN – Hyundai Motor Co. has launched the IONIQ 6, its first fully electric sedan, which it claims runs faster and boasts a longer range than...
Jul 14, 2022 (Gmt+09:00)
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Corporate strategy
LS Group to bolster batteries, EVs and chipmaking, chairman says
South Korean conglomerate LS Group is seeking business opportunities in the materials and parts sectors led by the fast-growing battery, electric ve...
Jul 14, 2022 (Gmt+09:00)
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Batteries
SK On, Ford launch battery JV for N.America EV market
South Korea’s battery maker SK On Co. and US automaker Ford Motor Co. on Wednesday officially launched a joint venture for the North American ...
Jul 14, 2022 (Gmt+09:00)
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Metaverse
Samsung Elec. showcases virtual playground on Roblox
Samsung Electronics Co. unveiled a virtual playground within Roblox, the world’s top metaverse game platform with 54 million users a day, as t...
Jul 12, 2022 (Gmt+09:00)
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Electric vehicles
POSCO, LS Electric to build EV parts plants in Mexico
South Korea's POSCO International Co. broke ground on an electric vehicle parts plant in northern Mexico on July 6, while LS Electric Co. signed a t...
Jul 07, 2022 (Gmt+09:00)
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ESG
LS Cable to step up ESG efforts by recycling wooden cable drums
LS Cable & System Ltd. is slated to begin recycling wooden cable drums as part of its environmental, social and governance (ESG) management effo...
Jul 04, 2022 (Gmt+09:00)
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Corporate investment
LG eyes clean tech supremacy with $1.5 bn spending on green projects
South Korea’s fourth-largest conglomerate LG is setting its sights on clean energy technology as it steps up efforts to transform into an eco-...
Jun 30, 2022 (Gmt+09:00)
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Energy
SK Ecoplant to inject $100 mn in Korean solar energy firm Topsun
South Korea's top waste management company SK Ecoplant Co., a unit of conglomerate SK Inc., is slated to complete talks to invest 130 billion won ($...
Jun 23, 2022 (Gmt+09:00)
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Energy
Petrochem firms to fuel plants with self-supplied power
South Korea’s petrochemical companies will build power plants for the first time in their history to meet their rising energy needs on a stabl...
Jun 23, 2022 (Gmt+09:00)
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Batteries
Falling nickel prices: A boon for Korean battery makers over Chinese rivals
South Korea’s three battery players – LG Energy Solution Ltd., SK On Co. and Samsung SDI Co. – are getting a tailwind from the fal...
Jun 21, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Tech experts to discuss future mega-trends at KIF 2022
The Korea Investment Festival (KIF), the largest annual investor relations (IR) event in South Korea, will be held June 29-30 at the Fairmont Ambass...
Jun 17, 2022 (Gmt+09:00)
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Blockchain
South Korean tech juggernauts turn their characters into NFTs
South Korea’s tech behemoths are turning the companies’ characters into non-fungible tokens (NFTs) with the aim of creating an intellect...
Jun 13, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
Daewoo to develop offshore carbon capture tech with ABS, GasLog
South Korea’s major shipbuilder Daewoo Shipbuilding & Marine Engineering Co. (DSME), said on Friday it will join forces with marine asset ...
Jun 10, 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