Chaebol
South Korean family-run business conglomerate
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2025 | Neople develops an upcoming cross-platform game for Nexon, targeting PlayStation 5, Xbox Series X, and PC |
2024 | SK Telecom recorded sales of KRW 4.532 trillion, operating profit of KRW 533.3 billion, and net profit of KRW 280.2 billion in the third quarter. |
2024 | POSCO was named the world's 233rd-largest corporation by the Fortune Global 500. |
2024 | Hyundai Motor Group announced a record $16.7 billion investment in South Korea, focusing on green technologies and future mobility, marking its largest annual investment commitment. |
2024 | Nexon was fined a record-breaking amount by the Korea Fair Trade Commission for misleading players over microtransactions in MapleStory, violating South Korea's consumer protection laws. |
2024 | Nexon announced The First Descendant, a cross-platform game developed by Nexon Games |
December 23 2024 | SK sold 85 percent of its subsidiary SK Specialty to Hahn & Company, a domestic private equity fund, for a stake worth about 2.7 trillion won. |
December 10 2024 | Hyundai initiated a new sales channel by allowing customers to purchase Hyundai cars on Amazon, with vehicle pickup available at local Hyundai dealerships. |
November 2024 | SK Group Chairman Chey Tae-won was appointed chairman of the board of directors of Soldigm, SK Hynix's U.S.-based NAND flash memory unit. |
October 2024 | Posco Holdings opened a 25,000-ton lithium hydroxide factory in Güemes, Argentina. |
October 30 2024 | Nexon announced the development of The Kingdom of the Winds 2, a sequel to its first-ever release from 28 years ago. |
September 2024 | Nexon made Mintrocket a wholly owned subsidiary. |
August 20 2024 | SK Networks sold its rental car unit to a Singapore-based private equity fund for 820 billion won (US$618 million). |
June 17 2024 | Hyundai Motor India announced the commencement of an initial public offering (IPO) process to list on the Bombay Stock Exchange. |
2023 | LG AI Research reported significant performance improvements in their language model, achieving a 78% cost reduction through faster inference and more efficient memory usage, and a 66% cost reduction in their multimodal model by improving content quality and inference speed. |
2023 | Maintained its No. 3 position in the global automotive market, widening the gap with the fourth-ranked Renault-Nissan-Mitsubishi Alliance. |
2023 | Korea Southern Power (KOSPO) operates the Hadong Thermal Power Site Division, managing a total installed capacity of 11,495 MW. |
2023 | Korea Midland Power (KOMIPO) possesses 10,775 MW in total installed capacity, operating the Boryeong Thermalelectric Power Plant Site Division and the Yeongheung Thermal Power Plant. |
2023 | Korea Hydro & Nuclear Power (KHNP) operates 25 nuclear power plants and 37 hydropower plants in Korea, with a total capacity of 30,054 MW. |
2023 | Korea South-East Power (KOEN) operates with a total capacity of 9,363 MW, managing the Samcheonpo Thermal Power Site Division and the Yeongheung Thermal Power Plant. |
2023 | KEPCO ranked 258th on the Fortune Global 500 ranking of the world's largest companies. |
2023 | Korea East-West Power operates the Dangjin and Honam Coal Fired Power Plants, managing a total of 9,579 MW in installed capacity. |
2023 | Korea Western Power manages a total installed capacity of 11,872 MW through 10 coal-fired units and 22 LNG combined cycle units at the Taean Thermal Power Plant. |
2023 | Nexon published Dave the Diver by Mintrocket and The Finals by Embark Studios, expanding into diverse game genres |
2023 | Nexon announced that CEO Owen Mahoney will be succeeded by Nexon Korea CEO Junghun Lee in 2024. |
December 31 2023 | KEPCO reported a total installed generating capacity of 83,235MW across 794 generation units, utilizing diverse energy sources including nuclear, oil, coal, liquified natural gas, hydro, wind, and solar. |
August 17 2023 | The copyright infringement lawsuit against Ironmace was dismissed by the court. |
May 2023 | LG introduces a secondary logo. |
April 20 2023 | Nexon filed a copyright infringement lawsuit against Ironmace in the United States regarding the game Dark and Darker. |
March 2023 | Nexon filed a police complaint that led to a police raid of Ironmace's offices, related to allegations of stolen files and ideas from the canceled 'P3' project. |
2022 | DNF Duel was released and nominated for The Game Awards 2022 Best Fighting Game |
July 2022 | SK Group announced a $22 billion investment in the United States across semiconductor, green energy, bioscience, and other technology industries, with a total planned investment of over $52 billion in the US by 2025. |
June 2022 | POSCO temporarily cut production lines in Pohang plants due to a truckers' strike disrupting cargo transport. |
May 2022 | Dungeon & Fighter Mobile was released in China. |
May 2022 | Nexon launched Mintrocket, a sub-brand focusing on games 'focusing on the essence of fun', with its first game Dave the Diver selling one million copies within ten days of launch. |
May 22 2022 | Hyundai Motor Group announced a $5 billion investment in the United States, planned for expansion by 2025, focusing on urban air mobility, autonomous driving, artificial intelligence, and robotics. The announcement was made during a visit by President Biden to South Korea. |
March 2022 | Dungeon & Fighter Mobile was released in South Korea. |
January 2022 | Russo brothers-owned film production company AGBO sold a $400 million minority stake to Nexon, with Nexon taking a 38% stake valued at $1.1 billion. |
January 13 2022 | POSCO signed a Memorandum of Understanding with Adani Group to explore setting up an Integrated Steel Mill in Mundra, Gujarat, with an estimated investment of US$5 billion. |
2021 | SK Wyverns was sold to E-Mart and subsequently renamed SSG Landers. |
2021 | SK Group recorded combined revenues of $133 billion, with $50 billion coming from exports, demonstrating significant global economic performance. |
2021 | LG AI Research announced the first version of its EXAONE language model, introducing their initial AI technology platform. |
2021 | The company announced its first version of EXAONE, their proprietary AI language model. |
2021 | Initiated 'Dear My Hero' campaign, creating hydrogen garbage trucks to improve sanitation workers' work environment. |
2021 | Nexon's 'P3' project was canceled, leading to nine project members leaving the company and subsequently joining Ironmace game studio. |
2021 | A MapleStory user named Kim sued Nexon for failing to provide detailed probability information about in-game item draws, specifically alleging that Nexon had manipulated cube draw probabilities for a decade. |
2021 | Nexon announced a series of games for global release, with a focus on expanding into European and North American markets. |
December 2021 | LG AI Research was officially launched, marking the company's dedicated artificial intelligence research division. |
December 2021 | Hyundai suspended development of its Genesis hydrogen cars, and potentially other hydrogen vehicle models. |
September 7 2021 | Hyundai Motor Group held the Hydrogen Wave global online forum, presenting their vision for the hydrogen business, hydrogen fuel cells, and hydrogen mobility, including Hydrogen Vision 2040. |
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