News
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MBK wins enough stake in tender offer to control Korea Zinc
in NewsInformation board at Korea Zinc’s headquarters in Seoul (File photo by News1) North Asia-focused private equity firm MBK Partners Ltd.…
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Flashlight Capital offers to buy KT&G’s ginseng business for $1.4 billion
in NewsKT&G is the world’s fifth-largest tobacco maker Singapore-based investment management firm Flashlight Capital Partners Pte. (FCP) has offered to buy…
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Samsung to unveil its first wearable robot Bot Fit by end-October
in NewsSamsung’s wearable robot GEMS showcased at CES 2019 Samsung Electronics Co. will unveil its first wearable robot, Bot Fit, later…
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Nobel laureate Han Kang craze revives Korean book market
in NewsEmployees at a book printing house in Paju, Gyeonggi Province, are working on the bookbinding of Han Kang’s books South…
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LG Elec to advance in-cabin sensing solution
in NewsLG Electronics Inc. said on Monday it’s advancing its in-cabin sensing solution which detects and analyzes the interior of vehicles…
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Mirae Asset gets int’l privacy protection certification
in NewsSouth Korea’s Mirae Asset Securities Co. said on Monday that it won the international personal information standard ISO 27701 certification…
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Korea’s Hyundai E&C likely to join UK SMR race with Holtec
in NewsHoltec’s dual-unit SMR-300 small modular nuclear plant in perspective view (File photo captured from Holtec’s website) South Korea’s Hyundai Engineering…
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KT, KT SAT, Nara Space to launch satellite data biz
in NewsSouth Korea’s KT Corp. said on Monday it will pursue a joint project utilizing satellite data with KT SAT and…
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Corporate management disputes spring up in S.Korea
in NewsKorea Zinc executives and employees at a press conference to protest MBK’s potential takeover in Seoul on Sept. 24, 2024…
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Lightweight cobots with higher payload fuel robot arms rivalry
in NewsUniversal Robots’ cobot UR30 (Screenshot captured from Universal Robots website) Denmark-based Universal Robots’ release of the world’s slimmest collaborative robot…
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S.Korea tops 5G mobile gaming environment in E.Asia
in NewsSouth Korea led the game score in East Asia with 90.06 out of 100 during the first half of this…
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POSCO Future M begins NCA production in Pohang
in NewsSouth Korea’s POSCO Future M Co. has started production of nickel, cobalt, aluminum (NCA) cathode materials at its Pohang factory,…
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Kia releases 2025 model year of Carnival
in NewsKia’s The 2025 Carnival (Courtesy of Kia) Kia Corp., South Korea’s second-largest automaker, said on Monday it will release The…
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Hyundai Mobis, Zeiss to mass-produce holographic HUDs in 2027
in NewsThe rendering of the Hyundai Mobis-Zeiss holographic ‘windshield’ HUD system (Screenshot captured from Hyundai Mobis website) South Korea’s Hyundai Mobis…
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Korea’s financial exposure to real estate nearly doubles in 10 years
in NewsApartment buildings in Seoul (Courtesy of News1 Korea) South Korea’s financial exposure to real estate has nearly doubled over a…
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Supernal aims to launch flying cars at LA 2028 Olympics
Supernal debuts S-A2, its upgraded eVTOL flying-car concept, at CES 2024 Supernal LLC, the US-based urban air mobility (UAM) unit…
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Korea Investment lists structured warrants in Indonesia
Korea Investment & Securities CEO Kim Sung-hwan (third from left) attends a ceremony held to celebrate the listing of Korea…
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Lotte Shopping to set up Singapore holding firm, eyes its IPO
Lotte Shopping CEO Kim Sanghyun speaks at Lotte’s IR Day on Oct. 11, 2024 Lotte Shopping Co., South Korea’s leading…
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BOK flags more rate cuts but in gradual, small step
Bank of Korea’s monetary policy meeting on Oct. 11, 2024 (Courtesy of News1 Korea) South Korea’s central bank is open…
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Doosan Bobcat RogueX2 wins Red Dot Award
South Korea’s Doosan Bobcat said on Friday that its construction equipment RogueX2 won the prize in the Design Concept category…
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Lotte Hotels & Resorts to upcycle used PET bottles
South Korea’s Lotte Hotels & Resorts said on Friday that it will collaborate with Lotte Chilsung Beverage and Lotte Chemical…
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Foreign appetite for Korean stocks wane with $5.5 bn in September sales
Stock traders at Han Bank’s dealing room Foreign investors’ appetite for South Korean stocks turned sour with sales of 7.36…
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Air Incheon obtains IATA membership
South Korea’s cargo airline Air Incheon said on Friday that it received full membership from the International Air Transport Association…
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Korea’s Dongkuk develops world’s first biodegradable film for steel plates
Dongkuk Coated Metal’s biodegradable film for color-coated steel sheets (Courtesy of Dongkuk CM) Dongkuk Coated Metal Co. (Dongkuk CM), the…
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Liner raises $20 mn in Series B funding
South Korean AI search startup Liner said on Friday it raised 270 billion won ($200 million) in a Series B…
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Korea Zinc ups share buyback price, volume to counter MBK
Korea Zinc Chair Choi Yun-birm at a press conference on Oct. 2, 2024 (File photo by News1) Korea Zinc Inc.…
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Management dispute brewing at leggings brand Xexymix operator Brand X?
Xexymix is a top Korean athleisure brand operated by Brand X A leadership change in Brand X Corp., the operator…
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Celltrion’s anti cancer drugs hold 90% market share in C.America
South Korea’s Celltrion Inc. said on Friday that its cancer treatments have captured a 90% market share in several Central…
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HD Hyundai unveils world’s 1st high-pressure ammonia dual-fuel engine
HD Hyundai Heavy’s HiMSEN ammonia dual-fuel engine (Courtesy of HD Hyundai Heavy) HD Hyundai Heavy Industries Co. said on Thursday…
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Samsung retains No. 5, Hyundai climbs to No. 30 global brand
Samsung booth at the EuroCuchina 2024 (Courtesy of Samsung Electronics) Samsung Electronics Co., South Korea’s most valuable company in terms…
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Microsoft, KT to invest $1.8 bn in Korea’s AI, infrastructure
KT Chief Executive Kim Young-shub speaks to the press about the company’s partnership with Microsoft in Seoul on Oct. 10,…
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Hyundai E&C, Surbana Jurong to team up on power projects
From left: Yoon Young-Joon, Hyundai E&C CEO; Ahn Duk-geun, Korean Minister of Trade, Industry and Energy; Tan See Leng, Second…
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MBK not to raise Korea Zinc tender offer price after regulator warns
MBK Partners will not raise its tender offer prices again for Korea Zinc Inc. and its affiliate Young Poong Precision…
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POSCO E&C gets ISMS-P Info Security certification
South Korea’s POSCO E&C said on Thursday that it obtained the “Information Security Management System & Personal Information Protection Management…