social benefits

Mergers & Acquisitions CJ CheilJedang scraps $3.5 bn green bio sale, shifts gears to expansion

CJ CheilJedang Corp., South Korea’s largest food and beverage company, said on Wednesday it has scrapped a planned sale of its green bio busin...

Asset management Stay liquid, be selective, look outside US tech, says TCW CEO

Global financial markets are facing rising volatility and uncertainty this year as the US stock market rally led by Big Tech is losing steam amid co...

Beauty & Cosmetics K-beauty exports to China rebound after 4-month slump

South Korea’s beauty industry is showing signs of recovery in China, with exports rebounding after four months of decline.The turnaround follo...

Shipping & Shipbuilding Korean shipbuilders to benefit from rising LNG, oil tanker demand

South Korean shipbuilders are expected to benefit from a potential surge in demand for liquefied natural gas (LNG) and crude oil carriers as US Pres...

Korean startups Allsale, K-beauty's leading ambassador to the US

Allsale Corporation, a South Korean startup operating an influencer marketing platform, is in talks with investors to further support Korean cosmeti...

Korean startups DOR sets sights on TikTok-like virtual world for gamers  

South Korean startup DOR Corporation has thrown down the gauntlet to Discord, a popular global social platform for gamers, with its TikTok-like soci...

Earnings LG Energy logs 1st quarterly loss in over 3 years, outlook remains gloomy

LG Energy Solution Ltd. reported its first quarterly loss in more than three years on Thursday, adding to concerns that the world’s third-larg...

Social media Seoul probes fake online accounts of Hyundai Motor advisor Sung Kim

The Seoul Metropolitan Police Agency has launched an investigation into social media accounts pretending to be Hyundai Motor Group advisor Sung Kim,...

Banking & Finance KB Asset Management to list Balhae Infrastructure Fund

South Korea's KB Asset Management Co. said on Friday it plans to list its KB Balhae Infrastructure Fund. Launched in 2006, KBIF focuses on so...

Energy Hanwha Q Cells, OCI to benefit from expanded US CHIPS Act subsidies

South Korean solar cell companies such as Hanwha Q Cells Co. and OCI Holdings Co. are set to benefit from expanded subsidies covered by the US CHIPS...

Bio & Pharma Huons receives A grade in ESG evaluation

South Korea’s Huons Co. said on Tuesday that it received an A (excellent) grade in the 2024 ESG evaluation recently released by the Korea Inst...

Regulations FTC fines Kakao Mobility $55 mn for alleged unfair taxi-hailing service

South Korea’s antitrust body has fined Kakao Mobility Corp., the country’s largest taxi-hailing app operator, 72.4 billion won ($54.9 mi...

Automobiles Hyundai Mobis’ sustainability pledge for a better tomorrow  

Hyundai Mobis Co.'s efforts to build a better tomorrow don't stop at developing future mobility technologies like autonomous driving, connectivity a...

Korean chipmakers Will Samsung benefit from Nvidia’s new AI chip delays?

Samsung Electronics Co., the world’s top memory chipmaker, is expected to benefit from Nvidia Corp.’s delays in shipping AI chips, as gl...

Earnings Hybrids, SUVs drive Hyundai Q2 profits to record high

Hyundai Motor Co. posted its strongest quarterly results in the second quarter, with brisk sales of high-margin models such as hybrid cars and sport...

Batteries Samsung SDI, Sungkyunkwan Univ. to develop battery engineer

Samsung SDI Co., the world’s sixth-largest electric vehicle cell maker, will establish a Department of Battery Engineering at Sungkyunkwan Uni...

Insurance Kyobo Life nurtures 136 startups over 7 years

South Korea's Kyobo Life Insurance Group announced on Thursday that it nurtured 136 impact businesses (Impact-Ups) in seven years to create social v...

League table UBS tops Korea’s M&A advisor list on Asiana, Affinity deals

UBS Group AG topped the South Korean mergers and acquisitions (M&A) league table in the second quarter as the global investment bank worked on m...

Shipping & Shipbuilding Hanwha Ocean wins $1.57 billion deal for LNG carriers, VLCCs

Hanwha Ocean Co., a shipbuilding unit of South Korea’s chemicals-to-defense conglomerate Hanwha Group, said on Monday it has won a combined 2....

Korean startups SK Innovation-backed Marine Innovation looks to enter US green market

Marine Innovation Co., a South Korean eco-friendly social venture company sponsored by the country’s top energy firm SK Innovation Co., is par...

Shipping & Shipbuilding HD KSOE eyes $3.4 bn worth of orders from France's CMA CGM

South Korea’s largest shipbuilder, HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE), is eyeing around $3.4 billion worth of orde...

ESG Samsung launches CSR mobile magazine

Samsung Electronics Co. announced on Monday that it launched the Samsung CSR Mobile Magazine, an online webzine dedicated to highlighting the compan...

Energy Qcells launches commercial operations at new plant in Georgia, US

Hanwha Q Cells Co., a solar power unit of South Korea’s chemicals-to-defense conglomerate Hanwha Group known as Qcells in overseas markets, ha...

Korean chipmakers SK Hynix, Samsung set to benefit from explosive HBM sales growth

Sales of high-bandwidth memory (HBM), the red-hot DRAM product essential to artificial intelligence devices, will significantly grow in the coming y...

Corporate governance Hanwha Vision joins UNGC

South Korea's Hanwha Vision Co. announced on Monday that it joined the United Nations Global Compact (UNGC), an international initiative for corpora...

ESG SK Telecom, SoftBank to collaborate for SV measurement

South Korea’s SK Telecom Co. announced on Tuesday that it signed a memorandum of understanding (MOU) for cooperation in measuring social value...

Bio & Pharma Korea’s Celltrion, SK Biopharmaceuticals benefit from direct US sales

Celltrion Inc. and SK Biopharmaceuticals Co. are witnessing improving sales revenue and profitability by selling their products through their own ma...

Earnings Samsung Q1 profit soars, set to benefit from Taiwan quake, AI chip demand

Samsung Electronics Co., the world’s largest memory chipmaker, said on Friday its first-quarter operating profit likely rose more than tenfold...

Real estate 2024 an intriguing year for Japan: Savills IM

The Japanese real estate market holds a prominent status in the global investment landscape, buoyed by robust fundamentals that have made it a sough...

Batteries Solus Advanced Materials poised to lead EV copper foil market: CEO

Solus Advanced Materials Co. is not a household name among ordinary electric vehicle drivers. But the South Korean company is a little giant to gl...