SK Hynix to benefit from Western Digital production disruption
South Korea’s SK Hynix Inc., the world’s second-largest memory chipmaker, is expected to be a key beneficiary from production disruption...
KIC buys $1.9 mn worth of shares in crypto platform Coinbase
Korea Investment Corporation (KIC), managing $205 billion in assets as of the end-2021, has invested in US cryptocurrency exchange platform Coinba...
Samsung hires ex-US Amb. Lippert as PR chief for N.American business
WASHINGTON D.C. – Samsung Electronics Co. has hired Mark Lippert, former US ambassador to South Korea, as an executive in charge of corporate ...
Gallery Hyundai paints new chapter with NFT
South Korea’s Gallery Hyundai paints a new future by incorporating NFT (non-fungible token.) The country’s first commercial art g...
Korea bond yields near four-year highs on extra budget
South Korea’s government bond yields jumped to their highs in almost four years as lawmakers sought to raise a supplementary budget to up to $...
Shopping platform Queenit receives $43 mn funding from VC juggernauts
Online shopping platform Queenit recently received 36 billion won ($30 million) from Kakao Ventures Corp., SoftBank Ventures Korea Corp. and more,...
Kakao to launch webtoon service Piccoma in France
Kakao Corp. announced Sunday that it plans to launch the European version of its webtoon subscription service in either April or May of this year....
Game developers rush to launch their own digital coins
South Korea’s game developers are in a tight race to create their own digital tokens and to build viable ecosystems that utilize these cryptoc...
Korea's Toss targets SE Asia, Japan with super app
South Korea's mobile financial platform Toss is evolving from a payment service app into a full-fledged financial service provider, or a super app, ...
Korea to reform FX market to join MSCI developed markets
South Korea is set to reform the local currency market as the country aims to reach MSCI Inc.’s developed market status for its domestic stock...
Bank of Korea to test CBDC on Samsung devices, not on iPhone
The Bank of Korea (BOK) will launch real-life, offline tests for a central bank digital currency (CBDC) project on Samsung Electronics Co.'s Galaxy ...
Zuckerberg-backed family office bets on Korean golf platform
ICONIQ Capital, a US family office backed by Meta founder and CEO Mark Zuckerberg, has invested 50 billion won ($42 million) in Smartscore, a South ...
Presidential candidates vow to legislate digital assets
Ahead of the 20th presidential election slated for March 9, candidates from both parties have vowed to legislate and systemize digital assets if ele...
Korea's Mirae Asset to launch digital asset business
Mirae Asset Financial Group, South Korea’s capital market giant, is set to enter the digital asset business, starting with a digital asset cus...
STIC injects $168 mn in pre-unicorn Musicow
Music copyright trading platform Musicow Inc. has attracted a 200 billion won ($167.9 million) investment from Korea’s private equity firm STI...
KT, Shinhan form $370 mn digital alliance
South Korea's leading telecom operator KT Corp. has entered into a strategic alliance with the country's No. 2 lender Shinhan Bank, involving a $370...
Lotte Group aims for top spot in metaverse retail space
Lotte Group Chairman Shin Dong-bin is known for his obsession with new tech gadgets.He’s one of those early adopters in South Korea of the Ocu...
Hyundai Motor aims to triple Genesis G90 sales by 2023
Hyundai Motor Co. said on Thursday it aims to triple the global sale of the Genesis G90 over the next couple of years by launching the flagship luxu...
Hyundai Heavy partners with Palantir for big data platform
South Korea’s Hyundai Heavy Industries Group joined forces with US data analytics firm Palantir Technologies Inc. to set up a big data platfor...
Foreigners’ Korean stockholdings soar 180-fold in 30 years
Foreign investors ramped up their holdings of South Korean stocks 180 times in 30 years, increasing influence in the local financial markets and dom...
Kakao buys Asia fantasy fiction platform giant Wuxiaworld
South Korea’s Kakao Entertainment Corp. has bought the world’s top Asian fantasy web novel platform Wuxiaworld, based in the US, to expa...
EQT chairman sees technology and services as attractive sectors in Korea
High price tags of target companies can be justified if you understand long-term trends of the industry and have expertise in the sectors, Conni Jon...
LG Energy to adopt Siemens' digital factory technology
South Korea's LG Energy Solution Ltd. plans to adopt Siemens AG's smart factory technology to accelerate the digitization of its battery manufacturi...
K-startups take note of growing demand for 'meta fashion'
Meta fashion, a combination of fashion, metaverse, and NFT, is becoming a global trend. The MZ generation, as those in their 20s and 30s are ca...
Winter is over? Samsung's Q3 chip sales beat Intel's
In August, a Morgan Stanley report on the semiconductor industry, “Winter is coming,” fueled debate on whether chip prices were peaking ...
Hyundai Oilbank attracts $20 million from Palantir ahead of IPO
South Korean refiner Hyundai Oilbank Co. has attracted $20 million in investment from US data analytics firm Palantir Technologies Inc. ahead of its...
Hyundai to bolster in-car video services with CJ ENM
Drivers of Hyundai Motor Co. and Kia Corp. are set to enjoy their favorite original TV shows and dramas in-vehicle in near real-time, created by Sou...
Krafton enters metaverse space with investment in Naver’s Zepeto
Krafton Inc., one of South Korea’s major game developers, is entering the metaverse space by investing 5 billion won ($4.2 million) in Zepeto,...
KTB Asset invests $51 mn in Norwegian shipowner Knutsen
South Korea’s KTB Asset Management Co. and Hanwha Investment & Securities Co. have jointly invested 60 billion won ($50.7 mililion) in s...
Cosmetics brands shift to video influencers from celebrities
As influencers on YouTube and social media platforms are becoming central to the marketing efforts of companies, South Korean cosmetics brands...
