Korea’s fashion OEM firms eye record sales
South Korea’s clothing original equipment manufacturers (OEM) are set to see a supercycle or a sustained period of expansion driven by robust ...
Lotte invests in Canada's edible insect food company
South Korea's Lotte Confectionery Co. has invested around 10 billion won ($8 million) in Canada’s edible insect protein producer Aspire Food G...
South Korea's contact lens exports surge in 2021
South Korea's contact lens brands accelerated their penetration into the global market estimated at $10 billion in 2021, thanks to the market's rebo...
Korean SPAC Valuence Merger debuts on Nasdaq, targets bio M&As
Valuence Merger Corp. 1, a special purpose acquisition company (SPAC), led by South Korean fund managers, has debuted on the Nasdaq, targeting Asian...
Korea GNI per capita at record on strong economic growth
South Korea’s gross national income (GNI) per capita hit a record high last year on strong economic growth, as well as the firm won currency a...
Live commerce platforms like Grip to keep growing in Asia Pacific: Google
In April 2021, there were some 200 unicorns in the Asia Pacific region, second only to the United States which had 290 startups each valued at $1 bi...
Korea’s trading firms set sights on EV parts production for growth
South Korea’s general trading companies, which usually work as middlemen linking buyers with sellers, are seeking to transform into eco-friend...
SK Group head Chey to assume chair post at SK Telecom
SK Group chairman Chey Tae-won will assume an additional post as a chairman of SK Telecom Co.The conglomerate’s holding company SK Inc. announ...
South Korea's working young teeter on brink of debt disaster
As the liquidity party is coming to an end, rising interest rates and falling asset values are highlighting concerns about household debt taken on b...
Korea’s record liquidity growth raises inflation, asset prices
South Korea’s money supply increased at the fastest pace in history last year, exceeding liquidity growth in the eurozone, which accelerated i...
WeMade to retire WEMIX cryptocurrency for investor value
WeMade Co., a South Korean game developer, plans to retire 2% of its cryptocurrency WEMIX in the next two weeks to bolster its value for investors, ...
Shinsegae acquires Napa Valley winery Shafer Vineyards for $250 million
South Korea’s retail giant Shinsegae Inc. has acquired US winery Shafer Vineyards for $250 million to consolidate its leadership in the domest...
Samsung regains top spot in SE Asia smartphone market
Samsung Electronics Co. outpaced Chinese rival Oppo last year to regain the top spot in the smartphone market in four major Southeast Asian countrie...
Money flows rush to safer assets in Korea
South Koreans are continuing their rush to safer assets with the balance of bank deposits, money market funds (MMFs) and cash management accounts (C...
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, ...
Samsung buys $2.3 bn Bioepis stake from Biogen to end partnership
Samsung Biologics Co. is acquiring a nearly 50% stake in a biosimilar joint venture with Biogen Inc. from the US biotechnology company for $2.3 bill...
S. Korea's economic growth jumps to 11-year high
South Korea recorded 4% economic growth in 2021 – its highest jump in 11 years – according to the country’s central bank. The Ban...
S. Korean economy grows 4% in 2021
. South Korea's economy is estimated to have grown 4 percent last year, the highest growth rate in 11 years, as consumption and exports bounced back...
Korea to see second month of trade deficit
South Korea is slated to see a trade deficit for a second straight month in January for the first time since the 2008-09 global financial crisis on ...
Hana jointly acquires Boston-based multifamily for $262 mn
Hana Alternative Assets Management Co. and a US asset manager acquired a tower of luxury multifamily housing assets in Seaport Boulevard, Bost...
Korea’s defense companies emerge as coveted growth stocks
South Korea’s defense companies have been regarded as typical domestic stocks with their share performances broadly linked to the size of the ...
SK invests $350 mn in US CDMO firm
SK Inc., the holding company of SK Group, announced Sunday that it invested $350 million into Pennsylvania-based Center for Breakthrough Medicines (...
Korea Zinc to ditch low-key strategy to go beyond metal
South Korea's two non-ferrous metal product leaders Korea Zinc Inc. and Poongsan Corp. are tipped to report their record earnings in 2021, after str...
Korea’s IPO market renews record highs
South Korea’s initial public offering market continues to rewrite history this year. More than 20 million people have participated in the...
S.Korea's car output tumbles to lowest in 17 years
South Korea's car output in 2021 is estimated to have tumbled to its lowest level in 17 years as a global shortage of semiconductors slowed down pro...
Strong Ventures, KB Investment invest in K-pop metaverse
South Korea’s KB Investment Co. and US venture capitalist Strong Ventures LLC have invested in Stan World, a K-pop metaverse platform operator...
Pangyo, Bundang among Asia's hot office areas, DWS says
Many cities across the Asia-Pacific are springing up with exciting urban office districts, which offer attractive office investment opportunities,...
Hyundai Motor reshuffles overseas units to deal with changing markets
Hyundai Motor Co., South Korea’s top automaker, has reorganized its overseas units, reducing the number of business sectors to five from nine,...
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...
Forbes taps MBK and Nexon founders as Asia's philanthropy heroes
Michael ByungJu Kim, the founder of South Korean investment firm MBK Partners, and Kim Jung-ju, founder of Nexon, the largest online gaming compan...
