KOREAN FIRMS
South Korean firm HyVision System inks deal with Karnataka to build plant near Foxconn facility in Bengaluru
South Korean HyVision System signed an agreement with Karnataka on Friday to allow the company to build a factory for camera inspection machines. This unit will be near the Foxconn facility, which is close to Bengaluru's Kempegowda International Airport in Devanahalli.
South Korean shares hit over 29-month high, Samsung Electronics shines
South Korean financial markets experience a surge, with shares hitting a 29-month high driven by Samsung Electronics' expected profit increase. Auto and financial sectors also see gains due to dividend policy measures. Bank of Korea suggests structural reforms for addressing high living costs. Foreign investors show interest with net share purchases. Market yields decline notably.
How one of the world's strongest car unions is dealing with EV job losses
Toyota in Japan and Hyundai or Kia in South Korea navigate challenges from technological transformation and electrification.
South Korean scientists are now making 'rice with beef cells' to revolutionise how the world eats
South Korean scientists are creating "meaty rice," a novel, protein-infused rice variety, using cultured beef cells to offer an ethical protein source. This innovative rice has a pink hue, contains more protein and fat, and aims to reduce the carbon footprint of protein production.
Samsung Electronics union announces first-ever strike
Samsung Electronics in wage negotiations with union since January, failed to narrow differences, known for producing high-end memory chips for generative AI.
Rupee slips on importer dollar demand, forward premiums inch up
The dollar index slipped below the 104.5 mark, extending its losses from Monday, while most Asian currencies ticked up, with the Korean won up 0.4% and leading gains.
- Go To Page 1
Biocon inks licensing, supply pact with South Korea's Handok for chronic weight management product
Biocon signs exclusive licensing agreement with Handok for commercialisation of synthetic Liraglutide in South Korea, expanding portfolio to address weight management needs and tapping into a USD 47 million market opportunity. Biocon said the total addressable market opportunity of Liraglutide in South Korea is approximately USD 47 million as per the IQVIA MAT Q4 2023.
Apple supplier Foxconn among firms asked to cut power use in Vietnam
The request for energy-saving measures, which two other industry sources said was sent to multiple manufacturers, is precautionary and aimed at averting a repeat of last summer when power shortage led to over a billion dollars in lost output.
SoftBank swings to Q4 profit of $2.1 billion
SoftBank Group reported a 328.9 billion yen net profit, despite Vision Fund's 57.5 billion yen loss. Improved from last year due to capital raised using Alibaba Group stake to offset Vision Fund writedowns.
SoftBank Q4 Results: Co swings to profit, eyes on Arm unit
Technology investor SoftBank Group swung to a net profit in the final quarter of its financial year, it said on Monday, as the Japanese giant focuses on artificial intelligence to help fuel a return to growth.
Axis Bank brings expats to India in push to woo global firms
Axis Bank Ltd. aims to boost its global business by hiring Asian expatriates, targeting mid-sized companies from countries like South Korea, Japan, US, Germany, Italy, and France. Facing challenges with South Korean and Japanese firms due to language barriers, the bank has recruited expatriates to facilitate connections and expand its corporate banking division.
Rupee ends moderately higher as oil firms' dollar bids curb upside
The dollar index was up about 0.2% at 105.8, trimming its losses from Tuesday after data showed that U.S. business activity eased to a four-month low in April due to weaker demand.
Kim Jong Un vows to deal 'death-blow' to enemy if provoked: KCNA
North Korean leader Kim Jong Un has vowed to strike a "death blow" against the country's enemies, according to state media reports. Kim's comments come amid escalating tensions, with North Korea declaring South Korea its "principal enemy" and making aggressive military threats. Kim's remarks were made during a visit to a military university on the same day as South Korea's parliamentary elections, which saw a defeat for the ruling party.
Chinese hackers likely to target 18th Lok Sabha polls using AI, says Microsoft report
China and North Korea may interfere in India's 18th Lok Sabha polls from April 19 to June 1, including Bihar, West Bengal, and Uttar Pradesh. Microsoft analysis indicates cyber involvement in Taiwan and Japan.
Senior-level IT hiring rebounds; China's BBK group resets India sales strategy
Indian IT companies are back headhunting for senior roles. This and more in today’s ETtech Top 5.
North Korea broke into South Korean chip equipment firms: Seoul's spy agency
The news comes after South Korean President Yoon Suk Yeol warned North Korea could stage provocations, such as cyber attacks or spreading fake news, to interfere in April's parliamentary elections.
North Korea broke into S. Korean chip equipment firms, Seoul's spy agency says
North Korean hacking groups targeted at least two South Korean chipmaking equipment manufacturers, according to South Korea's National Intelligence Service (NIS). The NIS noted that North Korea has been increasingly targeting South Korean firms since late last year and called for enhanced security measures. The hackers reportedly penetrated the servers of two companies, stealing product design drawings and facility photographs.
Move over cars, Japanese and Koreans are now entering your wardrobes
The success of brands like Uniqlo, MUJI and K-beauty companies highlights the East Asian countries’ Indian diversification and the various opportunities it brings.
Taiwan chip firms flock to Japan as China decoupling accelerates
The influx comes amid shifting alliances and priorities in the global chip industry as the United States pushes to limit China's progress in cutting-edge semiconductors and strengthen partnerships between its allies. Fabless chipmaker Alchip Technologies, which specialises in customised chips known as application-specific integrated chips (ASICs), is illustrative of the China decoupling trend.
K-food and K-beauty newest entrants on K street: Kos Kuick to kapitalise on Korea kraze
From savouring fiery Buldak noodles to munching shrimp flavoured Nongshim chips, watching K-dramas, listening to K-pop, and using K-beauty products, K-wave is captivating a growing number of teenagers in India.
Saudis agree $3.2 bln deal to buy South Korean missile defence system - ministry
South Korea's LIG Nex1 secures a $3.2 billion contract to supply Saudi Arabia with 10 batteries of the Cheongung M-SAM II mid-range surface-to-air missile defense system, capable of countering ballistic missiles and aircraft. The agreement, announced during the World Defense Show in Riyadh, marks a significant milestone in South Korea's defense exports. Details of the deal were unveiled by South Korea's Ministry of National Defense, while LIG Nex1 remained unavailable for comment after office hours.
India seeks greater market access for steel, rice, shrimp from S Korea
India is seeking greater market access for specific products like steel, rice, and shrimp in negotiations with South Korea for the upgradation of their existing free trade agreement, officially known as the Comprehensive Economic Partnership Agreement (CEPA). India has raised concerns about Korean firms not purchasing Indian steel and is demanding better market access for these products. The negotiations cover various sectors, including auto components and chemicals. South Korea has an import duty of 513% on rice and 5% on shrimp.
Lawmakers want US to probe four Chinese firms involved in Ford battery plant
The four Chinese companies have direct ties to the Chinese military, Chinese Communist Party, North Korean government and alleged human rights abuses in China's Xinjiang region. The plant has drawn fire from U.S. lawmakers for its use of technology supplied by Chinese battery maker CATL.
Gujarat's semiconductor policy drawing interest from Japanese, South Korean firms
As per a government release, the state's semiconductor policy aims to play a significant role in the global realignment of supply chains in the strategic sector and raise India's economic position.
Seeking a big edge in AI, South Korean firms think smaller
Some have trained AI models with sets of data rich in Korean language and culture. South Korean companies say they're building AI for Thai, Vietnamese and Malaysian audiences. Others are eyeing customers in Brazil, Saudi Arabia and the Philippines, and in industries like medicine and pharmacy
Mirae Asset acquires Sharekhan for ₹3,000 crore
In 2016, BNP Paribas had acquired Sharekhan from a clutch of private equity firms, including Citi Venture Capital International (CVCi), Baring Asia Private Equity and Samara Capital, for ₹2,100 crore. "BNP Paribas wants to focus mainly on the banking business. They had earlier exited the mutual fund and wealth management businesses also," said the second person quoted above.
North Korea restores border guard posts amid rising tensions over its satellite launch, Seoul says
Tensions rise as South Korea reports North Korea's restoration of previously dismantled guard posts, violating a 2018 deal meant to ease military confrontations. The move follows North Korea's recent satellite launch, prompting South Korea to suspend parts of the deal. North Korea criticizes the decision, deploying weapons at the border and rejecting the 2018 agreement.
North Koreans use fake names, scripts to land remote IT work for cash
North Korea has dispatched thousands of IT workers overseas, an effort that has accelerated in the last four years, to bring in millions to finance Pyongyang's nuclear missile programme, according to the United States, South Korea, and the United Nations.
US aircraft carrier arrives in South Korea as North's leader Kim exchanges messages with Putin
The USS Ronald Reagan, a US nuclear-powered aircraft carrier, has arrived in South Korea as a show of strength against North Korea. The carrier and its battle group came to the port of Busan after participating in a maritime exercise with South Korea and Japan. This deployment is part of a bilateral agreement to enhance the visibility of US strategic assets in response to North Korea's nuclear program.
Load More
