Mirae Asset Global Investments announced Wednesday that its total global exchange-traded fund net assets have exceeded 200 trillion won ($139 billion). Mirae Asset currently manages 624 ETF products across 13 countries, including Korea, the US, Canada, Australia and Japan. In just three years, after surpassing 100 trillion won in 2021, its ETF net assets have doubled to 202 trillion won, placing the company 12th among global ETF operators. Mirae Asset was the first Korean asset manager to list E

Industry Dec. 11, 2024

South Korean logistics company Hanjin Logistics said Tuesday that it has hosted its “Unboxing Day” event, aimed at sharing marketing strategies and insights to help e-commerce sellers enter the global market. The event, which attracted around 390 attendees, featured an awards ceremony, panel discussions and networking opportunities. Following last year's inaugural event, Hanjin continued to honor key clients with awards. In the “Heritage” category, four clients were

Industry Dec. 10, 2024

Milwaukee Tool Korea said Tuesday that it has launched a compact cordless impact wrench, powered by a 12-volt system. Founded in 1924 in Milwaukee, Wisconsin, the power tool maker has earned a reputation for producing durable, high-quality tools under the slogan, “Nothing But Heavy Duty.” The company expanded its global presence by establishing a Korean branch in 2022 and has since experienced steady growth here. Its new product, 12V Fuel Impact Wrench 1/2" III, delivers enhance

Industry Dec. 10, 2024

Mirae Asset Global Investments announced Monday that its European exchange-traded fund assets under management have exceeded $2 billion, just four years after entering the market in late 2020. Global X EU, the ETF subsidiary of Mirae Asset, manages 42 ETF products across Europe as of Thursday. This year, the company achieved a remarkable growth rate of nearly 136 percent year-on-year, with AUM rising from $850 million to $2 billion. Europe is the world’s second-largest ETF market, followin

Industry Dec. 9, 2024

Krafton, the South Korean gaming giant behind the popular title PUBG: Battlegrounds, announced Monday the launch of the Krafton Jungle Game Tech Lab, aimed at fostering game programmers as part of its corporate social responsibility efforts. The Game Tech Lab’s curriculum will emphasize key values such as immersion, self-directed learning and team-based collaboration, the company said. Participants will engage in an intensive, 24-week program designed to build expertise in areas including

Industry Dec. 9, 2024

South Korean biopharmaceutical firm Celltrion said Monday that it has received approval from Health Canada for Omlyclo, its omalizumab biosimilar referencing Xolair, designed to treat allergic asthma and chronic spontaneous urticaria. Celltrion has obtained approval for the full range of indications covered by the original drug, including allergic asthma, chronic rhinosinusitis with nasal polyps and chronic idiopathic urticaria. The company supported its application with a global phase 3 clinica

Industry Dec. 9, 2024

Citibank Korea on Thursday hosted the Korea Digital Leaders Summit 2024 to explore the future of the digital market and support companies’ global expansions. The event gathered executives from Korea’s digital firms across industries such as e-commerce, gaming, tourism and finance. Key speakers included officials from Krafton, Silicon2, KOTRA and Smilegate Investment who delivered presentations on their insights into current market trends. Kim Jin-wook, chief economist at Citibank Kor

Industry Dec. 5, 2024

Crossfire and Lost Ark developer Smilegate said Wednesday that it had made a strategic investment in Absurd Ventures, a media and entertainment firm in the US, aiming to expand its presence in the global market. The size of the investment was not revealed immediately. Absurd Ventures was founded last year by Dan Houser, who spent over 20 years at Rockstar Games as the creative director for iconic game series like Grand Theft Auto and Red Dead Redemption. Houser is now focused on creating success

Industry Dec. 4, 2024

The Korea Forest Service announced Wednesday it has signed a memorandum of understanding with the Kyrgyz Republic to enhance cooperation on forestry issues amid the growing impacts of climate change. Kyrgyzstan is grappling with deforestation and forest fires exacerbated by dry weather and overgrazing, highlighting an urgent need for international collaboration. Under the agreement, Korea plans to leverage its forestry expertise to boost joint efforts in forest restoration, seed conservation and

Industry Dec. 4, 2024

South Korea’s luxury watch transaction platform Viver said Monday it is launching its cross-border service, largely buoyed by its successful launch at home. Dunamu, the operator of the nation’s largest crypto currency exchange Upbit, established Viver as a subsidiary in 2022 to venture into new markets for physical assets. The platform has seen steady growth, with cumulative transactions surpassing 100 billion won ($71.3 million). More than 16,000 products have been filed and almost

Industry Dec. 2, 2024

Hyundai Engineering & Construction said Monday it has recently opened a showroom for Hillstate Deungchon in Gangseo-gu, Seoul, to start the housing subscription process. Hillstate Deungchon features 12 15-story buildings with five basement floors, accommodating a total of 543 households. Of these, 274 units are available for general sale. The apartments offer two main layouts: 59 square meters for 103 households and 84 square meters for 171 households. New residents are expected to move in b

Industry Dec. 2, 2024

Rental accommodation provider Weave Living said last Thursday it is launching its flagship property “Weave Suites – Sunyu Parkside” in Seoul to attract both locals and expats here with premium serviced apartments. Established in 2017, Weave Living currently operates about 3,000 rental units across the Asia Pacific region under four consumer brands: Weave Studios, Weave Place, Weave Suites and Weave Residences. Weave Suites, as serviced apartments, in particular, caters to resid

Industry Dec. 2, 2024

In aims to showcase South Korea's advanced nuclear power technologies and their potential to address global energy and climate challenges, the Global Nuclear Energy & Safety Confex 2024 will take place from Tuesday to Thursday at the Gyeongju Hwabaek International Convention Center in Gyeongju, North Gyeongsang Province. Hosted by the Korea Nuclear Association for International Cooperation, the three-day event, themed “Borderless Energy: Globalizing Nuclear Business,” will

Industry Dec. 1, 2024

South Korean oil refiner S-Oil hosted an awards ceremony in Seoul on Thursday to honor the contributions of eight “Hero Firefighters,” together with the Korea National Council on Social Welfare. At the 2024 Hero Firefighters Award Ceremony, a panel of firefighting experts named Fire Lt. Yoo Seung-geol as the “Top Hero Firefighter.” Yoo received a cash prize of 20 million won ($14,300) for acts of bravery. In June, he rescued a person trapped in a flood during an underwate

Industry Nov. 28, 2024

Mirae Asset Global Investments has continued to expand its presence in global markets. Of its total assets under management at 370 trillion won ($265 billion), almost 40 percent are now managed overseas. When Mirae Asset first ventured into overseas markets back in 2003, it was met with considerable skepticism. Critics doubted whether the company could compete with established giants such as Goldman Sachs and Merrill Lynch. However, Mirae Asset Founder Park Hyeon-joo recognized the long-term p

Industry Nov. 27, 2024