The Korea News Plus

The Korea News Plus Online news outlet, which focuses on Korean business, finance and technology.

Two Korean firms dominate the world market in Q3 South Korea’s SK hynix fast catches up with business bellwether Samsung...
30/11/2023

Two Korean firms dominate the world market in Q3 South Korea’s SK hynix fast catches up with business bellwether Samsung Electronics in the memory market, according to London-based business tracker Omdia on Nov. 27. During the July-Sept. period of this year, SK hynix logged sales of $46.34 billion in the DRAM business, up 34.6 percent from a quarter ago, for a market share of 35 percent....

The Korea News Plus: Insider info on Korea / 경제뉴스의 인사이더, 코리아뉴스플러스

Cutting-edge technologies opted for Hyundai’s Singapore facilities South Korea’s automaker Hyundai Motor announced on No...
30/11/2023

Cutting-edge technologies opted for Hyundai’s Singapore facilities South Korea’s automaker Hyundai Motor announced on Nov. 21 that it had opened a facility in Singapore to roll out electric vehicles under the inspection of four-legged robots. Hyundai Motor said that the new seven-story facility would manufacture up to 30,000 electric cars per year, including the Ioniq 5, the Ioniq 5 robotaxi, and the Ioniq 6....

The Korea News Plus: Insider info on Korea / 경제뉴스의 인사이더, 코리아뉴스플러스

Chairman Lee denies any wrongdoings South Korea’s prosecutors sought a five-year prison sentence for Samsung Electronics...
30/11/2023

Chairman Lee denies any wrongdoings South Korea’s prosecutors sought a five-year prison sentence for Samsung Electronics Chairman Lee Jae-yong on Nov. 17 on charges of stock price manipulation and accounting fraud. Prosecutors also demanded fines of $390 million on Lee in the long-standing case related to the controversial 2015 merger between two Samsung subsidiaries. Lee has been accused of unlawfully stepping in the amalgamation between…...

The Korea News Plus: Insider info on Korea / 경제뉴스의 인사이더, 코리아뉴스플러스

Tech giant bags prestigious prize at the Korea Gas Safety Awards Merck Electronics noted on Nov. 30 that its Korean subs...
30/11/2023

Tech giant bags prestigious prize at the Korea Gas Safety Awards Merck Electronics noted on Nov. 30 that its Korean subsidiary had won the Prime Minister’s citation at the 30th Korea Gas Safety Awards ceremony in Seoul. In the event organized by the Ministry of Trade, Industry and Energy, Versum Materials Hanyang Machinery garnered the prestigious prize. Korea, home to the world’s leading memory chipmakers of Samsung Electronics and SK hynix, offers awards to corporations, which contribute much to the semiconductor industry overall....

The Korea News Plus: Insider info on Korea / 경제뉴스의 인사이더, 코리아뉴스플러스

Korean financial entity focuses on four areas The Korean Federation of Community Credit Cooperatives (KFCC) noted on Nov...
29/11/2023

Korean financial entity focuses on four areas The Korean Federation of Community Credit Cooperatives (KFCC) noted on Nov. 29 that it would become a responsible corporate citizen by focusing on four areas. Included in the four areas are a social segment, the environment, the international business, and a human-centric approach, according to the Seoul-based financial entity. Regarding the social segment, the KFCC has channeled 4.3 billion won (3.3 million) to a total of 868 areas around KFCC branches since 2020 when the virus pandemic caught the world by surprise....

The Korea News Plus: Insider info on Korea / 경제뉴스의 인사이더, 코리아뉴스플러스

Korean financial outfit strives to achieve the goal by 2027 South Korea’s Woori Bank noted on Aug. 7 that it would becom...
26/11/2023

Korean financial outfit strives to achieve the goal by 2027 South Korea’s Woori Bank noted on Aug. 7 that it would become the country’s largest corporate lender by 2027, nudging past its major competitors by then. In achieving the ambitious goal, Woori Bank said that it would assume the No. 2 spot by mid-decade in competition with KB, Shinhan, and Hana banks....

The Korea News Plus: Insider info on Korea / 경제뉴스의 인사이더, 코리아뉴스플러스

Two outfits will offer comprehensive real estate investment services South Korea’s Woori Bank announced on Aug. 6 that i...
26/11/2023

Two outfits will offer comprehensive real estate investment services South Korea’s Woori Bank announced on Aug. 6 that it had teamed up with Build Block in the United States to offer comprehensive services associated with real estate investment. Founded in 2018 in Silicon Valley, Build Block has grown into a promising startup. Woori Financial Group has kept an eye on the real estate investment platform firm....

The Korea News Plus: Insider info on Korea / 경제뉴스의 인사이더, 코리아뉴스플러스

New CEO strives to contribute to the country South Korea’s Woori Bank announced on Oct. 3 that CEO Cho Byung-kyu had off...
24/11/2023

New CEO strives to contribute to the country South Korea’s Woori Bank announced on Oct. 3 that CEO Cho Byung-kyu had official taken charge of Woori to lead the lender by the end of next year. Cho previously headed Woori Financial Capital. The new CEO vowed to transform the bank into an outstanding outfit, which contributes to the country and wins the hearts and minds of end customers....

The Korea News Plus: Insider info on Korea / 경제뉴스의 인사이더, 코리아뉴스플러스

Korean lender strives to take advantage of cutting-edge tech South Korea’s Woori Bank announced on Oct. 3 that the outfi...
24/11/2023

Korean lender strives to take advantage of cutting-edge tech South Korea’s Woori Bank announced on Oct. 3 that the outfit would come up with an artificial intelligence-powered inspection chatbot to beef up its internal control system. The Seoul-based lender said that the chatbot based on natural language processing technology would carry out an inspection after going through machine learning and scenario analysis....

The Korea News Plus: Insider info on Korea / 경제뉴스의 인사이더, 코리아뉴스플러스

Korean lender beefs up footing in Vietnam South Korea’s Woori Bank announced on Nov. 21 that the financial outfit's Viet...
24/11/2023

Korean lender beefs up footing in Vietnam South Korea’s Woori Bank announced on Nov. 21 that the financial outfit's Vietnamese subsidiary had launched its 22nd branch in Starlake, downtown Hanoi. The Starlake district is attracting South Korean corporations as amply demonstrated by Lotte, which opened a large-sized commercial complex there in September. Woori Bank said that the new branch would focus on private banking services for wealthy customers....

The Korea News Plus: Insider info on Korea / 경제뉴스의 인사이더, 코리아뉴스플러스

They will co-head Korea’s top asset management company Mirae Asset Global Investments, South Korea’s foremost asset mana...
23/11/2023

They will co-head Korea’s top asset management company Mirae Asset Global Investments, South Korea’s foremost asset management company, announced on Nov. 23 that it had tapped two vice chairmen of Choi Chang-hoon and Rhie Chun-yong as chief executives. The Seoul-based company held a shareholders’ meeting to appoint Choi, an expert in alternative investment, and Rhie who has a knack for fixed assets and ETFs....

The Korea News Plus: Insider info on Korea / 경제뉴스의 인사이더, 코리아뉴스플러스

Korea views foreign firms as a vital pillar of national development Swiss Amb. Dagmar Schmidt Tartagli, Italy Amb. Emili...
22/11/2023

Korea views foreign firms as a vital pillar of national development Swiss Amb. Dagmar Schmidt Tartagli, Italy Amb. Emilia Gatto, and Czech Amb. Ivan Jancarek took part in the recent 2023 Foreign Company Day event as guests of the Seoul Diplomatic Corps. In their toast sessions, Swiss Amb. Tartagli touched upon the 60th anniversary in terms of diplomatic ties between Korea and Switzerland in addition to its companies’ active investment in the Korean market, as well as their strong trust about Korean partners....

The Korea News Plus: Insider info on Korea / 경제뉴스의 인사이더, 코리아뉴스플러스

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