win-win growth programs
Scope
Date
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Corporate restructuring
LG Chem seeks to sell 2nd NCC facility in Korea in face of China’s ascent
LG Chem Ltd. has embarked on a process to sell its core naphtha cracking center (NCC) in South Korea, estimated at about 3 trillion won ($2.3 billio...
Jul 02, 2023 (Gmt+09:00)
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Business & Politics
Hyundai Rotem wins $917 mn Australian electric train project
Hyundai Rotem, a South Korean railway system maker under Hyundai Motor Group, said on Friday that it had won a major contract in Australia alongside...
Jun 30, 2023 (Gmt+09:00)
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Beauty & Cosmetics
CJ Olive Young to develop inner beauty as new growth engine
South Korea's top beauty chain CJ Olive Young said on Thursday that it plans to capitalize on the growing market for inner beauty, positioning it as...
Jun 29, 2023 (Gmt+09:00)
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Automobiles
Hyundai’s IONIQ 6 named Best EV of 2023 in US
Hyundai Motor Co.'s electric vehicle IONIQ 6 has been named Car and Driver's 2023 EV of the Year on Thursday. According to Hyundai Motor, IONIQ...
Jun 29, 2023 (Gmt+09:00)
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Energy
Doosan inks $214 mn deal for Korea combined cycle power plant
Major South Korean power plant builder Doosan Enerbility Co. won a 280 billion won ($214.5 million) deal to supply key components such as a gas tu...
Jun 28, 2023 (Gmt+09:00)
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Business & Politics
KOTRA hosts ESG cooperation project in Baubau, Indonesia
Korea Trade-Investment Promotion Agency (KOTRA) announced on Wednesday that it conducts an "Environmental, Social and Governance (ESG) Cooperation P...
Jun 28, 2023 (Gmt+09:00)
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Energy
Korea’s KHNP wins project for tritium removal plant in Romania
State-backed Korea Hydro & Nuclear Power Co. (KHNP) has won a €200 million order to build a tritium removal facility (TRF) at a nuclear pow...
Jun 27, 2023 (Gmt+09:00)
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Fintech
Samsung, 4 Korean banks to foster financial software engineers
Samsung Electronics Co. and South Korea’s four commercial banks – Shinhan, KB Kookmin, Hana and Woori – have agreed to help suppor...
Jun 27, 2023 (Gmt+09:00)
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Beauty & Cosmetics
Amorepacific to strengthen partnership with A.S. Watson
South Korean beauty and cosmetics giant Amorepacific Group announced on Tuesday that it has signed a memorandum of understanding with A.S. Watson ...
Jun 27, 2023 (Gmt+09:00)
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Advertising & Marketing
Cheil Worldwide wins Grand Prix at Cannes Lions 2023
South Korea's leading ad agency and marketing company Cheil Worldwide clinched nine awards, including the coveted Grand Prix, at the esteemed Cannes...
Jun 26, 2023 (Gmt+09:00)
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North Korea
How North Korea’s Hacker Army Stole $3 Billion in Crypto, Funding Nuclear Program
Last year an engineer working for the blockchain gaming company Sky Mavis thought he was on the cusp of a new job that would pay more money.A recrui...
Jun 26, 2023 (Gmt+09:00)
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Private equity
Central Europe’s fast-growing economy attracts global investors: Abris
More investors choose safer assets in developed regions such as the US and Western Europe today with rate hikes and liquidity tightening. But Poland-b...
Jun 23, 2023 (Gmt+09:00)
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Private debt
Private real estate debt shines on banks' financing gaps: Savills
More global investors are turning to the private debt market as bank loans are getting tougher under stricter lending regulations. Among a range of ...
Jun 22, 2023 (Gmt+09:00)
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Economy
Monthly exports set for growth in June for 1st time in 10 months
South Korea’s exports in the first 20 days of June rose from a year earlier, seeing growth in the period for the first time since last August....
Jun 21, 2023 (Gmt+09:00)
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Korean chipmakers
SK Hynix wins Europe certification for automotive chips
SK Hynix Inc., the world's second-largest memory chipmaker, said on Tuesday it has earned international certification for its automotive memory chip...
Jun 20, 2023 (Gmt+09:00)
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Construction
Samsung C&T wins order $585 mn construction project in Taiwan
The construction division of South Korea's Samsung C&T Corp. on Monday said it landed an order for the Fubon Aozihdi Development Project from Ta...
Jun 20, 2023 (Gmt+09:00)
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Advertising & Marketing
Innocean acquires digital marketing company D-Plan 360
Innocean, a Hyundai Motor Group-affiliated advertising agency, has acquired the Seoul-based digital marketing company D-Plan 360 to greatly rai...
Jun 20, 2023 (Gmt+09:00)
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Corporate restructuring
LG to slim down petrochem as Chinese rivals creep up
South Korea’s LG Chem Ltd. is speeding up restructuring efforts to sell or downsize uncompetitive businesses, with an aim to focus on three gr...
Jun 19, 2023 (Gmt+09:00)
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Logistics
Hyundai Glovis acquires logistics automation SW company Altiall
South Korea's leading logistics company Hyundai Glovis Co. announced on Monday that it has signed a stock purchase agreement related to the acquisit...
Jun 19, 2023 (Gmt+09:00)
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Hydrogen economy
POSCO-led consortium wins $6.7 bn green hydrogen deal from Oman
A consortium led by South Korean steelmaker POSCO Group won a $6.7 billion deal to build the world’s largest green hydrogen plant in Duqm, a p...
Jun 16, 2023 (Gmt+09:00)
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ESG
Lotte Shopping to raise $785 mn from Korean banks for ESG push
Lotte Shopping Co., the retail arm of South Korea's fifth-largest conglomerate Lotte Group, will tap 1 trillion won ($784.4 million) from two of the...
Jun 16, 2023 (Gmt+09:00)
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Robotics
POSCO targets robotic automation solutions for new growth
SEONGNAM, Gyeonggi Province -- POSCO DX Co., the IT services subsidiary of South Korea’s largest steelmaker POSCO Group, aims to enter the rob...
Jun 15, 2023 (Gmt+09:00)
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Pension funds
GEPS taps Apollo, EQT, Warburg for buyout, growth equity
South Korea’s Government Employees Pension Service (GEPS) selected Apollo Global Management, Warburg Pincus and Sweden-based EQT Partners as i...
Jun 15, 2023 (Gmt+09:00)
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Bio & Pharma
Celltrion wins phase 3 IND approval for Ocrevus biosimilar in US
South Korea's biopharmaceutical company Celltrion Inc. announced that it received on Thursday approval from the US Food and Drug Administration (FDA...
Jun 15, 2023 (Gmt+09:00)
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Korean startups
Hyundai invests $781 mn in startups to drive future innovation growth
Hyundai Motor Group's open innovation investment in domestic and foreign startups in fields like mobility and artificial intelligence (AI) has excee...
Jun 15, 2023 (Gmt+09:00)
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Automobiles
Hyundai Elantra N TCR wins 2023 TCR World Tour in Italy
Hyundai Motor Co. announced on Monday that the Elantra N TCR has won the 2023 TCR (touring car racing) World Tour in Vallelunga Circuit, Campagnano ...
Jun 12, 2023 (Gmt+09:00)
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Foreign exchange
S.Korea to discuss bilateral currency swap with Japan
South Korea plans to discuss with Japan the re-establishment of their bilateral currency swap line, said its finance minister on Thursday, as the di...
Jun 09, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Glonet: A case of Korea's logistics David vs Japan’s shipping Goliath
TOKYO – Glonet Co. is a novice logistics company hardly known in Japan’s time-honored shipping industry.The small South Korean shipping ...
Jun 07, 2023 (Gmt+09:00)
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Electronics
LG Electronics eyes premium market in Saudi Arabia, India
LG Electronics Inc. will seek out new business opportunities as a premium brand in Saudi Arabia for the oil-rich kingdom’s $500 billion Neom m...
Jun 07, 2023 (Gmt+09:00)
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Electronics
Samsung to showcase new Galaxy foldables in Seoul in July
Samsung Electronics Co., the world’s largest smartphone maker, will showcase new foldable smartphones in the Galaxy Z series next month for th...
Jun 07, 2023 (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