SK On attracts $1 billion in investment

SK On, the electric battery affiliate of Korea's petroleum, alternative energy and oil exploration corporation SK Innovation, has secured 1.3 trilli...

Biden hails SK Siltron’s investment in Michigan as 'game changer'

BAY CITY, Michigan – For the first time since taking office, United States President Joe Biden toured a US subsidiary of South Korean conglome...

NPS posts 7% investment loss in Q1-Q3 as equities, bonds plunge

National Pension Service (NPS) of South Korea said Tuesday it saw a cumulative loss of 7.1% on investment, or 68 trillion won ($51.3 billion), betwe...

First joint law office with overseas firm to open in Korea

The first South Korea-overseas joint law firm is set to start operations in Seoul.The joint firm of Korean law firm Hwahyun and UK’s Ashurst h...

KEPCO raises $368 mn via bond issuance on heated demand

Korea Electric Power Corp. (KEPCO) saw on Nov. 27 around 1.7 trillion won ($1.3 billion) worth of investor bids for its bond issuance targeting 400 ...

Korea’s e-commerce giant Coupang to invest in logistics automation

Coupang Inc. is poised to invest in the automation transformation of its logistics system, according to industry insiders. Headquartered in Seo...

Korea to reform market rules to boost foreign investment

South Korea will reform financial market regulations to attract more foreign investments and to achieve MSCI Inc.’s developed market status fo...

SK Innovation to adopt internal carbon pricing system

SK Innovation Co. on Sunday announced its adoption this year of an "internal carbon pricing system" recently approved by its board of directors. Th...

SK expands sustainable food biz with $7.5 mn US investment

SK Inc., the holding company of South Korea’s No. 2 conglomerate SK Group, has expanded its sustainable food business by investing in a US-bas...

GM Korea to shut one production line to focus on small cars

General Motors Co. plans to shut down a production line in South Korea as the US automaking giant aims to focus on manufacturing small cars in the c...

Medical data platform operator JNPMEDI raises $10 mn in Series A funding

Medical data platform operator JNPMEDI Inc. announced on Tuesday that it raised 14 billion won ($10.3 million) in a Series A round. Pavilion Ca...

Daol Investment seeks to sell Thai subsidiary, eyes $75 mn in proceeds

South Korea’s Daol Investment & Securities Co. plans to sell a controlling stake in its Thai subsidiary, Daol Thailand PCL, as part of its...

Kia mulls investing $754 mn in China instead of Russia

Kia Corp., South Korea’s second-largest carmaker, is considering an investment of $754 million, which had been set aside for Russia, in China ...

S-Oil to OK $6 billion Shaheen project as Saudi prince heads to Seoul

S-Oil Corp., the South Korean unit of Saudi Arabian Oil Co., will approve the much-touted 8 trillion won ($6 billion) Shaheen project to expand its ...

CJ CheilJedang builds up future food materials business

CJ CheilJedang, following an organizational reshuffle, will focus on the development of future food such as food ingredients and alternative protein...

LG Elec to bet on healthcare, mobility, metaverse in N.America

LG Electronics Inc., the global top home appliance maker, will bet on the healthcare, mobility and metaverse sectors in North America through invest...

Korean brokerages' restructuring targets investment banking units

South Korea’s small- and mid-sized brokerage houses have begun their workforce reductions ahead of the end of the year. The brokerages are set...

Korean PE firms struggle with fundraising on illiquidity

South Korean private equity (PE) firms are having trouble fundraising as institutional investors' capital for new investment is drying up amid inter...

KT to invest $2 million in US voice biomarker developer

KT Corp., a South Korean telecommunications giant, plans to invest $2 million in Sonde Health Inc., a US voice biomarker developer, to enhance the c...

Intake bets on alternative meat, zero-calorie drinks for future of food tech

South Korean food tech startup Intake Corp. sells a wide range of meat alternatives, such as plant-based egg substitutes and vegan burger patties.&n...

NCSOFT invests $15 million in blockchain company Mysten Labs

NCSOFT Corp., which announced early this year plans to install non-fungible token (NFT) technology in the global version of its online role-playing ...

SK Square chief expects significant investment gains from next year

SK Square Co., the investment management arm of South Korea’s SK Group, is looking to reap handsome gains from its investment and divestment a...

Intensify 'friend-shoring' to boost foreign direct investment: Baldwin

Global businesses are forecast to suffer supply chain disruptions next year amid worsening geopolitical risk, such as the Russia-Ukraine war and pro...

Shinhan Future's Lab opens startup accelerator in Japan

South Korea's Shinhan Financial Group said on Monday it held a ceremony Friday to launch Shinhan Future's Lab Japan in Tokyo.The business accelerati...

SK IE Technology to embark on non-deal roadshow in Hog Kong, Singapore

SK IE Technology Co. (SKIET), a unit of South Korea’s energy and battery maker SK Innovation Co., said on Friday it is embarking on a non-deal...

POSCO International to invest $2.6 billion in energy operations

Korea's POSCO International, the trading arm of POSCO Group, on Friday formally merged with POSCO Energy, which handles liquefied natural gas (LNG) ...

Hyundai Heavy to invest $30 million in TerraPower for SMR business

South Korea’s Hyundai Heavy Industries Group said on Friday it has signed a deal to invest $30 million in TerraPower, a US nuclear power ventu...

SpaceX to receive $44 mn injection from Korean high-net-worth individuals

South Korea’s Mirae Asset Securities Co., which committed $100 million to Elon Musk’s Space Exploration Technologies Corp. (SpaceX) in J...

Corporate VC veterans pinpoint their best investments 

South Korean conglomerates in recent years have ramped up their investment in startups, yielding positive returns. Hyundai Motor Co. Vice Pre...

Korea's WeMade shakes off crisis, secures new investment

Korea's game development company WeMade has secured new investment worth 66 billion won ($46.4 million), breathing a sigh of relief after receiving ...