en-core

Real estate Mirae Asset to be named Korea Post’s core real estate fund operator

Mirae Asset Global Investments Co. is set to manage the mandate of more than 600 billion won ($416.8 million) in core real estate fund investment by...

Real estate Mirae, Koramco, Hana shortlisted for Korea Post’s core real estate fund

Mirae Asset Global Investments Co., Koramco REITs Management and Trust Co. and Hana Alternative Asset Management Co. were shortlisted for the mandat...

Corporate strategy Hyundai chief Chung Euisun targets software-led car dominance by 2028

Hyundai Motor Group Chairman Chung Euisun has set an ambitious target to outpace Tesla Inc. in software-defined vehicle (SDV) technology by 2028, un...

Pension funds KB, Samsung SRA, Capstone named NPS’ core property fund operators

South Korea’s National Pension Service (NPS) has selected three asset managers to oversee its domestic core real estate platform fund — ...

Energy Doosan Enerbility to supply TerraPower's SMR equipment

South Korea's Doosan Enerbility Co. said on Thursday it signed a contract with TerraPower to supply the equipments for small modular reactor (SMR).T...

Debt financing POSCO to raise up to $691 million as next year’s 1st corporate bond issuer

South Korea’s steel-to-battery materials conglomerate POSCO Group plans to raise up to 1 trillion won ($691 million) in the country’s fi...

Batteries South Korea approves Korea Zinc’s precursor as national core technology

South Korea has designated Korea Zinc Inc.'s precursor manufacturing process as a national core technology and advanced industrial technology, effec...

Leadership & Management Hanwha’s heir apparent to unearth new drivers, tighten grip

Hanwha Group has appointed the eldest son of Chairman Kim Seung-youn to lead the investment division of the group’s eco-friendly energy unit i...

Corporate restructuring POSCO to sell entire stake in P&O Chemical to OCI

POSCO Future M Co., a battery materials affiliate of South Korean steel giant POSCO Holdings Inc., will sell its entire stake in P&O Chemical Co...

Corporate restructuring Hanwha Aerospace to spin off non-core units for defense sector

Hanwha Aerospace Co., South Korea’s answer to Elon Musk’s SpaceX, has decided to separate its non-core units to concentrate on the defen...

Chemical Industry LG Chem emerges as global No. 4 chemicals maker: C&EN

South Korea’s LG Chem Ltd. has emerged as the world’s fourth chemicals producer, the second Asian company to be among the five largest a...

Electric vehicles POSCO Int'l breaks ground on traction motor core plant in Poland

South Korea's POSCO International Corp., broke ground on the new electric vehicle (EV) traction motor core plant in Brzeg, Opole Voivodeship, Poland...

Private debt Direct lending, a core allocation for investors: M&G Investments

Private credit continues to lure investors, not least within one of the largest areas of private credit, direct lending. Providing reliable income s...

Economy Korea’s headline inflation dips below 3% in April but erratic

South Korea’s headline inflation dipped below 3% for the first time in three months last month but uncertainty lingers from still-high agricul...

Corporate restructuring Hanwha's holding firm to hive off non-core businesses

Hanwha Corp., the holding company of South Korea’s chemicals-to-defense conglomerate, will hive off its wind power and offshore plant building...

Corporate restructuring Hanwha Aerospace to spin off non-core units to focus on defense business

Hanwha Aerospace Co., South Korea’s answer to Elon Musk’s SpaceX, is spinning off its non-core units to focus on defense and aerospace b...

Shipping & Shipbuilding Korea’s HD KSOE, Infineon team up for ship electrification

South Korea’s top shipbuilder HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) joined hands with German chipmaker Infineon ...

Electric vehicles Kia’s volume model EV3 to spearhead its electrification push: CEO

Kia Corp., South Korea’s second-largest automaker, said on Friday its upcoming volume electric model EV3 will spearhead the company’s el...

Machinery Hyundai Rotem unveils lamination press for EV motor cores

South Korea's Hyundai Rotem Co. announced on Wednesday that it unveiled a lamination press for electric vehicle (EV) motor cores at its Dangjin plan...

Earnings SoftBank-backed Coupang posts 1st-ever annual profit in 2023

South Korea’s leading e-commerce platform Coupang Inc. on Wednesday posted its first-ever operating profit of $473 million in 2023, driven by ...

Machinery POSCO International to build motor core plants in Poland, Mexico

POSCO International Corp., the energy and trading unit of South Korea’s steel giant POSCO Holdings Inc., said on Monday it will build new trac...

Tech, Media & Telecom Samsung C&T develops new cooling system for data centers

Samsung C&T Corp. announced on Wednesday that it collaborated with the domestic cooling system tech company DataBean to develop and commercializ...

Retail Lotte to sell 7-Eleven’s ATM unit in Korea for around $38 mn

Lotte Group is set to sell the automated teller machine (ATM) business of Korea Seven Co., the operator of convenience store chain 7-Eleven in South...

Economy Korea’s inflation at 6-month low in further relief to BOK

South Korea’s headline inflation dropped for a third straight month to a six-month low on declining oil prices, adding relief to the central b...

Infrastructure Digital assets emerge as Korean LPs' No. 1 infrastructure target

Digital infrastructure, such as data centers, towers and smart meters, will be the hottest infrastructure asset this year for South Korean limited par...

Electric vehicles POSCO Int'l to supply motor cores to Hyundai, Kia in Europe

POSCO International Corp. announced on Thursday that it has secured an order for 1.03 million units of motor cores, which will be featured electric ...

Mergers & Acquisitions Lotte Chem’s sale of Pakistani PTA unit falls through

Lotte Chemical Corp.'s plan to sell off its Pakistani PTA subsidiary to local chemicals producer Lucky Core Industries Ltd. has collapsed, a year af...

Artificial intelligence SK Networks invests $19 mn in AI startup Upstage

South Korea's SK Networks Co. announced on Friday that it has invested 25 billion won ($19.02 million) in the domestic artificial intelligence (AI...

Batteries EcoPro establishes Global Resources Office for securing core minerals

South Korean battery materials manufacturer EcoPro Co. announced on Tuesday that it has established a "Global Resources Office" to expedite the acqu...

Artificial intelligence S-1 sees facial recognition AI as core trend in 2024

South Korea's system securities provider S-1 Corp. has forecasted a significant rise in the demand for AI-powered security solutions this year, pr...