fata conditions

Pension funds S.Korea’s pension fund NPS to overhaul alternative investment strategy

The National Pension Service (NPS), South Korea’s state-run pension fund and the country’s largest institutional investor, plans to intr...

Energy China’s Mingyang to foray into Korean wind turbine market with Unison

China’s Mingyang Smart Energy, one of the top five global wind turbine suppliers, is gearing up for its advance into South Korea’s wind ...

Corporate restructuring Lotte Group denies liquidity crisis rumors to calm bond holders

Lotte Group on Thursday denied liquidity crisis rumors sparked by Lotte Chemical Corp.'s struggle to meet a bond redemption request after the South ...

Electronics LG Elec launches modular home Smart Cottage

LG Electronics Inc. said on Wednesday it started selling its LG Smart Cottage, a compact, prefabricated modular home that utilizes its cutting-edge ...

Shipping & Shipbuilding Korea approves HD KSOE-STX Heavy merger with conditions

South Korea’s antitrust body has given a conditional nod to leading domestic shipyard HD Korea Shipbuilding & Offshore Engineering Co.'s (...

Automobiles Hyundai Mobis unveils M.VICS 5.0

Hyundai Mobis, the world’s sixth-largest auto parts maker, unveiled the latest version of its next-generation integrated cockpit system M.VICS...

Energy Samsung, KEPCO to collaborate on power facility tech

Samsung Electronics Co. and Korea Electric Power Corp. (KEPCO) announced on Friday that they signed a memorandum of understanding (MOU) to cooperate...

Aerospace & Defense Hanwha Aerospace, Poland sign $1.6 billion Chunmoo rocket launcher deal

Hanwha Aerospace Co., a leading South Korean defense company, on Thursday signed a $1.64 billion deal to supply 72 units of Chunmoo multiple launch ...

Private equity Affinity to buy SK Rent-a-Car at $572 mn, more deals expected

Affinity Equity Partners is set to buy SK Rent-a-Car Co., South Korea’s No. 2 car leasing company, at some 800 billion won ($572 million), rai...

Bio & Pharma Global quest to find modern elixirs enters new chapter

NEW YORK/ BOSTON – Longevity has long been the dream of humankind. China’s first emperor Qin Shi Huang was obsessed with finding magic e...

Retail E-Mart's credit rating drops on weak retail earnings

The credit rating of E-Mart Inc., South Korea’s top hypermarket chain operator, was downgraded to AA- by local agency NICE Information Service...

Earnings Korea’s GS offers dim outlook after weak earnings; stocks down

GS Holdings Corp., the holding company of South Korea’s energy-to-retail conglomerate GS Group, on Wednesday provided a dismal business outloo...

Automobiles Hyundai Motor, SK Enmove to join forces for next-generation vehicle refrigerants

Hyundai Motor Group and SK Enmove Co. on Thursday signed a memorandum of understanding to collaborate in developing refrigerants for next-generation...

Automobiles Hyundai Mobis unveils human-centric lighting tech for cars

Hyundai Mobis Co., the world’s sixth-largest auto parts maker, has introduced a system that changes car interior lights depending on a driver&...

Mergers & Acquisitions Harim, KDB in dispute over $5 bn HMM deal conditions

Talks to sell South Korea’s No. 1 ocean carrier HMM Co. to Harim Group, a leading poultry processor, have made little progress amid disputes o...

Bio & Pharma Samsung Med. Center achieves Korea's first uterine transplantation

The first successful case of uterine transplantation surgery in Korea has been reported, with the patient currently preparing for pregnancy. Samsung...

Regulations Korea’s antitrust body grants conditional OK to Broadcom-VMware deal

South Korea’s antitrust regulator on Monday granted conditional approval for US smartphone components maker Broadcom Inc.’s proposed pur...

Bio & Pharma Kolmar Global launches hangover reliever Condition in Singapore

South Korea's Kolmar Global, a subsidiary of Kolmar Korea Holdings, on Monday said it exported the domestic hangover reliever brand Condition to Sin...

Leadership & Management S.Korea's HD Hyundai chairman: We can’t rely on bad profits

Kwon Oh-gap, chairman and co-CEO of South Korea's HD Hyundai Co., has ordered his company not to rely on “bad profits” gained from tempo...

Shipping & Shipbuilding S.Korea's shipbuilders near $9.4 bn in LNG carrier orders from Qatar

South Korea's top three shipbuilders -- HD Hyundai Heavy Industries Co., Hanwha Ocean Co. and Samsung Heavy Industries -- as early as September wi...

Retail 7-Eleven’s operator Korea Seven hit by rating cut

The credit rating of Korea Seven Co., which runs the South Korean operations of the convenience store chain 7-Eleven, was downgraded to its lowest l...

Economy Korea’s current account swings to deficit, four-month figures worsen

South Korea ran a current account deficit in April, swinging from the previous month’s surplus, as Asia’s fourth-largest economy continu...

Airlines Korean Air, Asiana to increase award seats ahead of merger

Korean Air Lines Co. and Asiana Airlines Inc. are set to increase award seats while revising their membership terms and conditions to help customers...

Korean stock market S-Oil’s price target falls on worsening refining margin

Yuanta Securities Korea lowered its target price for S-Oil Corp. to 100,000 won ($75) from 110,000 won on Tuesday, saying the oil refining industry ...

Shipping & Shipbuilding Daewoo Shipbuilding, GE Power Conversion to develop smart ship tech

South Korea's Daewoo Shipbuilding & Marine Engineering Co. (DSME) on Tuesday said it signed a memorandum of understanding with the global energy...

Shipping & Shipbuilding Hanwha's takeover of DSME likely to get conditional approval

South Korea's Fair Trade Commission (FTC) on Monday said it is discussing corrective measures with Hanwha Group over fears that the conglomerate's a...

Advertising & Marketing S.Korea's Innocean wins awards in 5 categories at AD Awards of the Year

Innocean, a global provider of marketing and communication services under the Hyundai Motor Group, announced on Wednesday that it had achieved the m...

Business & Politics South Korean beef poised for export to Malaysia by end-April

South Korea's Ministry of Agriculture, Food and Rural Affairs announced on Tuesday the successful conclusion of negotiations with Malaysia, allowing...

Batteries LG Energy to build $5.6 billion battery complex in Arizona

LG Energy Solution Ltd., the world’s second-largest battery maker, said on Friday it is investing 7.2 trillion won ($5.6 billion) to build a b...

Korean chipmakers South Korea says US Chips Act subsidies have too many requirements

SEOUL—The U.S. Chips Act is dangling billions of dollars in subsidies in front of the world’s biggest semiconductor manufactur...