Google LLC has signed an agreement to invest about 145.0 billion won ($100 million) in Gentle Monster, the South Korean fashion eyewear brand that is also designing its upcoming extended reality (XR) glasses, according to investment banking sources on Friday.The two sides are in
Shares in KakaoBank Corp. soared as much as 17% to hit their highest level in nearly three years on Friday after the South Korean internet-only bank secured a virtual banking license in Thailand, highlighting its push for global expansion.On Thursday, KakaoBank announced its join
SK Hynix Inc. has secured Nvidia Corp., Microsoft Corp. and Broadcom Inc. as key clients of its customized high-bandwidth memory (HBM), positioning the South Korean chipmaker at the forefront of both tailor-made and general-purpose AI memory markets. According to industry sources
Lotte Chemical Corp., South Korea’s second-largest petrochemical company grappling with mounting losses amid a prolonged industry downturn, will sell its water treatment business to a subsidiary of Synopex Inc. to focus on core businesses. The company announced on Friday that it had signed a deal with Synopex Membrane to sell its water treatment plant in Daegue, about 300 kilometers south of Seoul. The facility, spanning 5,775 square m
BOSTON – Lotte Biologics Co. has signed a deal to manufacture an antibody therapy for British biotech startup Ottimo Pharma as the South Korean biopharmaceutical company moves to expand its presence in the global supply chain.Lotte Biologics, the drug consignment development and production unit of Korean conglomerate Lotte Group, signed the contract during the annual BIO International Convention, which began on Monday in Boston, Massachuset
Naver Financial Corp., the fintech subsidiary of South Korean tech giant Naver Corp., is looking to acquire Asil, a domestic big data-based real estate service provider, to strengthen its profile in the property information market — one of the country’s hottest sectors.Naver Financial is in late-stage talks to purchase Asil, which boasts big data capabilities in the segment, people familiar with the matter said on Friday.The deal, if
South Korea’s POSCO Group has been permanently inducted into the Hall of Fame by the World Steel Dynamics (WSD), a US steel industry research and consulting firm, after being ranked as the world’s most competitive steelmaker for 15 consec
Global defense giant Lockheed Martin Corp. and Korea Aerospace Industries Ltd. (KAI) on Tuesday agreed to expand their collaboration into future defense and aerospace technologies.Lockheed Martin and KAI said they signed a memorandum of understanding
LG Energy Solution Ltd. has set up a battery recycling joint venture with Toyota Tsusho Corp. in the US, deepening the South Korean battery giant’s alliance with the world’s largest automaker, Toyota Motor Corp., in the electric vehicle (
Growth equity investments have remained largely stable in the face of recent policy shifts, with key sectors like technology and healthcare avoiding major disruptions from US tariff changes, the chief of Summit Partners LP said at the ASK 2025 invest
MBK Partners’ takeover attempt of Korea Zinc Inc. has exposed the vulnerability of national strategic assets to private equity ownership, posing risks to global supply chains and regional security amid China’s growing dominance in rare ea
Lotte Chemical Corp., South Korea’s second-largest petrochemical company grappling with mounting losses amid a prolonged industry downturn, will sell its water treatment business to a subsidiary of Synopex Inc. to focus on core businesses. The
MBK Partners and Mirae Asset Securities Co. are considering divesting of their holdings in CGI Holdings Co., which oversees CJ CGV Co.’s multiplex operations in China, Indonesia and Vietnam – a move that could force CJ CGV to sell its sta
LG Chem Ltd. said on Friday it has finalized the sale of its water filter business to Seoul-based Glenwood Private Equity for 1.4 trillion won ($1 billion) as part of efforts to focus on life science and advanced materials.The deal follows the 150-bi
Shares of Nexon Games Co., the game-developing studio under Nexon Co., surged on Friday morning after Bloomberg reported on Chinese IT giant Tencent Holdings Ltd.’s review of a deal for South Korea’s largest game publisher, valued at $15
Mirae Asset Financial Group, one of the largest asset managers in South Korea, has launched its first exchange-traded fund (ETF) investing in high-quality US bonds picked by artificial intelligence, aimed at outperforming traditional methods via a da
In a dramatic and unprecedented legal move that has shaken South Korea’s corporate landscape, Kolmar Group founder and Chairman Yoon Dong-han has filed a lawsuit against his son, demanding the return of shares gifted to him, amid a sibling riva
Shinhan Securities Co., a leading South Korean brokerage house, has acquired a strategic equity stake in FireAnt, Vietnam’s largest retail trading and financial information platform, to strengthen digital capabilities across Southeast Asia.The
South Korean companies are flocking to the corporate bond market ahead of the country’s presidential election early next month, seeking to lock in funding before potential market volatility. According to investment banking industry sources on W
South Korea’s new administration on Thursday proposed an additional 20.2 trillion won ($14.6 billion) extra government spending to stimulate domestic demand, just two weeks after pro-spending advocate Lee Jae-myung was sworn in as the country’s president. The fresh supplementary budget plan, totaling 30.5 trillion won announced by Korea
KANANASKIS, Canada – South Korea’s newly elected President Lee Jae-myung held his first summit with Japanese Prime Minister Shigeru Ishiba on Tuesday, reaffirming both countries’ commitment to deepen bilateral cooperation and resume regular bilateral exchanges.The two leaders also agreed to bolster trilateral security coordination
