Korean company

2021.06.15

17:00

Tencent-backed PUBG developer to launch Korean IPO

South Korea's Krafton (formerly Bluehole Studio), the developer of popular video game Playerunknown's Battlegrounds (PUBG), is expected to hit the Korea Exchange (KRX) in mid- to late-June, and raise $5 billion in its IPO.

2021.06.10

04:48

Korea's domestic self-driving car AutoVe will start its first operation next week

The Korea Electronics and Telecommunications Research Institute recently said that AutoVe, South Korea's homemade self-driving car, will begin its first run next week and plans to have AutoVe make 10 tours per day within a defined range. Its speed will be limited to less than 25 kilometers per hour.

2021.06.04

13:30

Vietnam's demand for Korean companies to contribute to vaccine fund draws discontent

According to industry news on the 4th, the Vietnamese government has sparked controversy by asking local Korean companies to contribute to the Covid-19 Vaccine Fund project.

2021.05.27

04:34

S.Korea's SK Hynix establishes a subsidiary in China to acquire Intel's NAND

According to anonymous insiders, SK Hynix established ASCA Hynix Semiconductor in Dalian, China, to help complete the acquisition of Intel's NAND unit.

2021.05.20

13:30

Korea's Lotte Chemical to invest $186 million in its Daesan plant

South Korea's Lotte Chemical Corp will invest 210 billion won ($186 million) to increase facilities for production materials for electric vehicle batteries in its Daesan plant.

2021.05.14

13:00

Hyundai to invest $7.4 billion in the U.S. by 2025

2021.05.07

11:00

Hyundai recalls nearly 390,000 vehicles in North America

2021.05.06

13:40

Korea's top five car manufacturers sales increase 69.5% YoY in April

According to the sales data released by major Korean automakers, the top five automakers - Hyundai Motor, Kia, GM Korea, Renault Samsung, and Ssangyong Motor sold 653,139,000 units worldwide in April, an increase of 69.5% year-on-year basis and a decrease of 7.9% month-on-month basis.

11:00

South Korea lifts world's longest short-selling ban

On May 3, South Korea officially lifted its nearly 14-month short-selling ban, which is the longest one in its history.

03:35

Samsung Heavy Industries announced plans for a 1 trillion Won new stock offering

South Korea's Samsung Heavy Industries plunges 21%, hitting its steepest decline in three years. The company announced a 1 trillion won new stock offering.

2021.04.30

12:00

LG Electronics sees Q1 operating profit up 39.1% amid losses in the mobile phone business

South Korean electronics company LG Electronics Inc. released its Q1 2021 financial results on April 29, and finally verified that the company's operating profit for the first quarter of 2021 increased by 39.1% year-on-year to 1.5166 trillion won ($1.37 billion), and that its sales increased 27.7% year-on-year to 18.8095 trillion won ($16.91 billion), with both indicators hitting new highs.

11:00

Samsung loses over $270 million on U.S. semiconductor factory amid Q1 revenue increase

South Korea's Samsung Electronics Co., Ltd. said the company's semiconductor fab in Austin, U.S., lost about 300 to 400 billion won ($270 million to $360 million) in February this year when production was halted due to the Texas cold snap.

2021.04.23

04:55

US-blacklisted Ofilm excluded from Samsung's supply chain after Apple

According to Korean media, Chinese optics manufacturing company Ofilm has been eliminated from Samsung Electronics’s supply chain after Apple.

2021.04.22

17:00

Samsung's Lee family considering using shares as collateral for loans to pay $10 billion in inheritance taxes

Family members of deceased Samsung Electronics ChairmanLee Kun-hee are discussing using stock in affiliated companies as collateral for personal loans to partially pay more than $10 billion inheritance taxes.

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