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Cosmetics equipment manufacturer Cosmax secured 82.8 billion won ($70 million) from Korean venture capital firm SV Investment, according to industry sources on July 30. In return, Cosmax handed over...
Samsung C&T, a construction affiliate of Samsung Group, has been named the top builder in South Korea for six straight years in terms of building capacity, data showed July 29. The company took t...
SONGDO, Incheon – As vehicles increasingly shift from gasoline to electric power, attention is turning to whether lighter materials such as carbon fiber reinforced polymers and aluminum will replace ...
Lotte Duty Free said on July 28 that its third duty-free store in Vietnam has opened at Hanoi’s Noi Bai International Airport, a year after its second outlet was launched in Nha Trang. Spanning over...
Hyundai Motor Group’s logistics arm Hyundai Glovis is widening its overseas presence by opening its first Southeast Asian office in Vietnam. Hyundai Glovis Vietnam, which was launched on July 25, wi...
A consortium led by Mirae Asset Global Investments, South Korea’s largest asset management firm, has signed a contract with Southeast Asian companies Jollibee Foods and Viet Thai to sell California-b...
Cash-strapped Woongjin, which recently decided to resell its stake in water purifier rental firm Woongjin Coway, announced on July 24 that it will offer staple financing to the buyer. Staple financi...
Doosan Corp., the holding company of Doosan Group, said on July 24 the construction of its battery cooper foil plant in Hungary has officially begun. Doosan held a groundbreaking ceremony for the...
South Korean pharmaceutical firm Samsung Bioepis said on July 24 it has won approval from the US Food and Drug Administration to sell one of its biosimilars in the United States. Hadlima, referen...
Posco said on July 23 that its second-quarter net profit increased mainly due to the robust performance of its affiliates. Net profit reached 681.4 billion won ($577 million) in the April-June pe...
Kia Motors on July 23 said its second-quarter earnings jumped 52 percent on a weaker local currency. Net profit for the April-June period soared to 505 billion won ($430 million) from 332 billion...
Hyundai Heavy Industries, South Korea’s largest shipbuilder, will file a suit for damages this week against its labor union over disruptive action at the company‘s shareholders meeting in May and ill...
Korean e-commerce rookie Blank is further expanding by injecting money into its new businesses before its initial public offering, according to industry sources on July 22. “We are planning to file ...
South Korean retailers are likely to deliver disappointing earnings for the second quarter on stiff competition with online operators, with industry leader E-mart expected to post the first deficit i...
Hyundai Motor on July 22 launched the gasoline hybrid version of its all-new Sonata sedan in the domestic market for customers wanting fuel efficient cars. The Sonata 2.0-liter gasoline hybrid mo...
Huawei set to continue foldable hype with Mate X launch
Nasdaq-listed Cognex acquires S. Korean AI startup Sualab
Eastar Jet denies sale rumor
Himedi rides on ‘medical Hallyu’
Proptech startup Kasa snaps up W7b in series A funding
S. Korean telcos’ cable network M&A process drags on
CarrieSoft to raise W8.2b in 2nd IPO attempt
Ministry orders Medytox to scrap Meditoxin inventory for exports
October 21, 2019
