Companies
COVID-19 treatment
Samsung Biologics’ focused approach pays off in 2020
Samsung Biologics Co. delivered forecast-beating earnings this week, with its sales topping 1 trillion won ($905 million) for the first time in its nine-year history last year. Behind the impressive earnings growth was the world’s No.1 contrac
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Future mobility
LG, Qualcomm to cooperate in 5G platforms for connected cars
LG Electronics Inc. and Qualcomm Technologies Inc. have agreed to cooperate in the development of 5G wireless platforms for next-generation connected...
13 HOURS AGO
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Korean entrepreneurs
Serial entrepreneur builds gateway for cloud services
“You see all of these buildings? All of the companies in these buildings will become our clients."These were words spoken by Lee Han-joo, chief...
16 HOURS AGO
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Quarterly earnings
Kia delivers Q4 earnings surprise; operating profit hits all-time high
Kia Corp., South Korea’s second-largest automaker, on Wednesday posted a record quarterly operating profit on the back of strong sales of high-...
16 HOURS AGO
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Investment funds
SK, China’s Geely eye investment fund for hydrogen, eco-friendly business
South Korea’s SK Holdings Co. and China’s Geely Auto Group are looking to set up a joint fund designed to invest in hydrogen and other ec...
20 HOURS AGO
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EV battery materials
SKC to spend $600 mn to build copper foil plant in Malaysia
South Korea’s SKC Ltd. will build its first overseas plant of copper foils in Malaysia for 650 billion won ($588 million), as the chemical mate...
Jan 26, 2021 (Gmt+09:00)
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Quarterly earnings
Hyundai Motor Q4 net profit jumps on Genesis, high-end SUVs
Hyundai Motor Co. on Tuesday reported a 78% jump in its fourth-quarter net profit, driven by robust sales of its luxury Genesis models and high-end s...
Jan 26, 2021 (Gmt+09:00)
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Brand collaboration
Amorepacific, Off-White unveil beauty collaboration for COVID-19 era
South Korea-based cosmetics giant Amorepacific Corp. has unveiled its beauty collaboration with Off-White, an Italian premium fashion brand, as the K...
Jan 26, 2021 (Gmt+09:00)
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COVID test kits
Korea’s biopharma firms to unveil COVID-19 test kits for pets
South Korea’s biopharmaceutical companies are set to unveil COVID-19 test kits for domestic pets such as dogs and cats amid reports that animal...
Jan 26, 2021 (Gmt+09:00)
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Bioplastics
S.Korean chem firms hasten shift to bioplastics amid China's plastic ban
South Korea’s chemical industry is in crisis mode as China declares war on plastics, likely to deliver a heavy blow to Korean companies that bo...
Jan 25, 2021 (Gmt+09:00)
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Foundry business
Samsung remains tight-lipped on new US chip plant reports
Samsung Electronics Co. was reported to be considering investing over $10 billion to build a new chip plant in the US. But the world’s top memo...
Jan 24, 2021 (Gmt+09:00)
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Korean contents
Naver to enter strategic partnership with BTS label
South Korea’s internet giant Naver Corp. plans to enter into a strategic partnership with Big Hit Entertainment Co., the label behind K-pop sen...
Jan 22, 2021 (Gmt+09:00)
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Logistics challenges
HMM, SM Line to deploy container ships to support Korean exporters
South Korea’s leading shipping companies have decided to deploy at least five container carriers on major sea routes to provide support for loc...
Jan 22, 2021 (Gmt+09:00)
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Chip shortages
GM Korea to curb production as global chip shortages worsen
GM Korea Co., a subsidiary of US auto giant General Motors Co., is slashing production rates due to a component supply disruption, the latest sign th...
Jan 22, 2021 (Gmt+09:00)
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Fashion platforms
S.Korea's online fashion platform eyes global expansion
Online fashion platform Musinsa Co., a familiar name among Gen Zers and millennials in South Korea, is ready to go global. This month, the Korean com...
Jan 21, 2021 (Gmt+09:00)
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Foundry business
Samsung wins Intel foundry order; TSMC takes GPU deal
Samsung Electronics Co. has clinched its first order from Intel Corp. to manufacture Intel-designed chips, as the world’s top memory chipmaker ...
Jan 21, 2021 (Gmt+09:00)
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EV batteries
SK Innovation buys 13% stake in China’s EV battery-swap station operator
SK Innovation Co. has signed a deal to acquire a 13% stake in a Chinese electric vehicle battery-swap station operator, as the South Korean company s...
Jan 21, 2021 (Gmt+09:00)
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Logistics challenges
Surging freight rates, bulker shortages squeeze Korean importers
Surging sea freight rates, coupled with a shortage of bulk carriers and container ships, are putting South Korean exporters and importers in a bind a...
Jan 21, 2021 (Gmt+09:00)
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Business restructuring
LG Electronics to consider selling smartphone business
South Korea-based LG Electronics Inc. looks to be considering selling off its struggling smartphone division, which has been in the red for 23 conse...
Jan 20, 2021 (Gmt+09:00)
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ESG management
ESG becomes name of the game on Korean corporate boards
South Korea’s big companies, such as Samsung, Hyundai and LG, are increasingly embracing environmental, social and governance (ESG) standards a...
Jan 20, 2021 (Gmt+09:00)
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K-content
K-content shares rise as OTTs bask in success of dramatized webtoons
Korean content providers' shares are emerging as some of the best to buy as competition heats up among global over-the-top (OTT) services such as Net...
Jan 20, 2021 (Gmt+09:00)
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Korean contents
Netflix sweeps S.Korean content market
Global streaming giant Netflix Inc. has become a leading platform in South Korea, boasting around 4.1 million paid subscribers and earning over 500 b...
Jan 19, 2021 (Gmt+09:00)
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Aircraft engine parts
Hanwha Aerospace certified to verify Rolls-Royce aircraft engine parts
Hanwha Aerospace Co., a unit of South Korean conglomerate Hanwha Group, has been certified to conduct the quality checks on aircraft engine parts it ...
Jan 19, 2021 (Gmt+09:00)
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Battery materials
POSCO acquires stake in Tanzania graphite mine to boost battery materials biz
South Korea’s largest steelmaker POSCO's commitment to innovation and growth has been well demonstrated this year, as it wraps up acquisition o...
Jan 18, 2021 (Gmt+09:00)
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SSD competition
Samsung, Hynix in intensifying competition for solid-state drives
Samsung Electronics Co. and SK Hynix Inc. are unveiling a series of new solid-state drives (SSDs) to grab a greater share of the intensifying global ...
Jan 18, 2021 (Gmt+09:00)
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Court rulings
Samsung heir sentenced to 2.5 years in jail for bribery
Samsung Electronics Co. Vice Chairman and de-facto leader Jay Y. Lee was on Jan. 18 sentenced to two and a half years in prison on bribery and embezz...
Jan 18, 2021 (Gmt+09:00)
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ESG bonds
Kia to issue green notes as part of $500 mn global bonds for future mobility
Kia Corp., a unit of Hyundai Motor Group, plans to issue green bonds in overseas markets to raise money for future mobility investments, including ec...
Jan 18, 2021 (Gmt+09:00)
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Specialty chemicals
S.Korean chem firms look to specialty chemicals to drive growth
South Korea-based Kumho Petrochemical Co. stunned the market last year with a positive earnings surprise in the third quarter of 2020. The company p...
Jan 17, 2021 (Gmt+09:00)
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Steel industry
POSCO may see Q1 operating profit reach $900 mn
South Korea's largest steelmaker POSCO may see its operating profit climb to the 1 trillion won ($906 million) range as domestic steel companies exp...
Jan 17, 2021 (Gmt+09:00)
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Corporate rebrand
Kia drops Motors from name, unveils roadmap for new EV models
Kia Motors Corp., a unit of Hyundai Motor Group, has dropped Motors from its name, as the company breaks away from its traditional manufacturing-driv...
Jan 15, 2021 (Gmt+09:00)
