

How Balaan bucks luxury slowdown
Korean luxury fashion platform Balaan is getting fresh attention from investors, bucking the trend among global rivals reeling from sluggish sales and lukewarm investor appetite. According to industry sources on Wednesday, Balaan has been in talks with multiple investors in its Series D funding roun
July 31, 2024 - 11:28:33Hanwha scion steps into spotlight amid pending succession
Kim Dong-won exudes presence by leading insurer’s expansion in Southeast Asia Hanwha Group Chairman Kim Seung-yeon’s second son, Kim Dong-won, president and chief global officer at Hanwha Life, is eyeing a bigger presence within his father’s business empire as he plays a key role in leading the glob
July 30, 2024 - 15:47:37Korea-Japan breakthrough? Watershed weekend faces challenges
Seoul‘s push to reconcile with Japan, boost security cooperation faces hurdle from grieving Korean public Last weekend marked a significant turning point for South Korea and Japan, as the Yoon Suk Yeol government attempted to move beyond one of the longstanding historical disputes stemming from Impe
July 29, 2024 - 16:12:35$17b too low? Korea’s Czech nuclear bid faces profitability questions
The South Korean government recently celebrated a significant milestone: The state-run Korea Hydro & Nuclear Power was chosen as the preferred bidder for a nuclear power project in the Czech Republic valued at 24 trillion won ($17.3 billion). It is being hailed as a “remarkable achievement after 15
July 24, 2024 - 15:15:25Doosan‘s merger plan fuels investor clash
Governance shakeup pits Bobcat‘s profits against Robotics’ potential Doosan Group’s recently announced governance restructuring plan has divided investors, raising questions about its viability. Central to the plan, unveiled on July 11, is the proposal to make Doosan Bobcat a wholly-owned subsidiary
July 17, 2024 - 17:51:18Here‘s why ’sugar-free‘ is not such a sweet deal
Food makers admit that artificial sweeteners can spike blood sugar too Beverages and food items labeled with “zero” -- intended to indicate they are sugar-free -- have faced criticism in Korea, as their promoted benefits often lead consumers to overconsume them, believing they contain no ingredients
July 14, 2024 - 16:34:19Are pedal cams the answer to Korea’s sudden acceleration disputes?
When dashcams remain voluntary, mandating pedal cams met with skepticism In the wake of several tragic car accidents across Korea, pedal cameras are being proposed as a new tool to address the contentious issue of sudden unintended acceleration, or SUA. These cameras, which capture drivers’ foot mov
July 14, 2024 - 15:17:15How a hand gesture can turn into a corporate crisis
Sexist row pours cold water on Renault Korea’s new car launch Renault Korea, the Korean subsidiary of French carmaker Renault S.A., is grappling with a backlash over promotional videos that included a controversial finger-pinching gesture perceived as offensive towards men in South Korea. This gestu
July 7, 2024 - 15:06:10Why Naver, Nvidia are teaming up for ‘sovereign AI’
Top executives of Naver and Nvidia met in the US last week and their key agenda was securing “sovereign AI.” Sovereign AI refers to a nation’s capabilities to autonomously develop and produce artificial intelligence models using its own infrastructure, data, workforce and business network. Tech firm
July 3, 2024 - 15:34:06Why Korean battery companies are key to Tesla‘s 2170 upgrade strategy
South Korean battery material companies are emerging as key players in Tesla‘s revamped supply chain as the carmaker upgrades its 2170 battery cells -- integral to its most popular models. Tesla‘s initiative to enhance battery performance centers on upgrading the anode and cathode materials, which a
June 16, 2024 - 14:16:14Will Naver Webtoon, Yanolja be next Coupang?
Two Korean firms eye Nasdaq listing for higher valuation, aggressive expansion overseas Two Korean companies -- Naver Webtoon and Yanolja -- are preparing for a US stock debut this year, seeking higher valuation and aggressive overseas expansion. Their US push comes after Coupang’s successful Nasdaq
June 13, 2024 - 15:40:13How Hanwha Qcells thwarts China surge in US solar market
New Georgia plant to enjoy $900m tax benefits annually In the wake of a generative artificial intelligence-driven energy surge and favorable regulatory shifts, Hanwha Solutions’ Qcells is poised to benefit from massive government subsidies in the US solar market. As many US solar companies have been
June 10, 2024 - 14:45:57Has South Korea really struck oil?
Financial feasibility remains uncertain as each well costs 100 billion won ($72.6 million) to drill, with no guarantee of viable reserves The South Korean government is making headlines with claims of potentially substantial oil and natural gas reserves discovered off its southeastern coast, near Po
June 4, 2024 - 14:46:57Korea yet to welcome spot crypto ETFs
With lack of regulatory framework, ‘crypto whale’ misses out on lucrative market opportunities While the US Securities and Exchange Commission made another move to embrace cryptocurrency by approving exchange-traded funds tied to the price of ether, the most famous crypto after bitcoin, spot cryptoc
June 3, 2024 - 15:16:52Hyundai eyes IPO to leverage presence in India
$3b stock debut poised to become India‘s largest listing Hyundai Motor Group is aiming to list its Indian subsidiary, Hyundai Motor India, in the coming months, raising up to $3 billion in a landmark initial public offering, according to industry sources Monday. HMI reportedly plans to file for the
June 3, 2024 - 15:15:53