Naver, Mirae Asset ramp up investment in India’s promising startups

Naver, Mirae Asset ramp up investment in India’s promising startups

South Korea’s top online platform operator Naver Corp. and brokerage giant Mirae Asset Securities Co. are aggressively investing in promi...

KIC to expand long-term investment in Asia

KIC to expand long-term investment in Asia

Korea Investment Corp. (KIC) focused on strengthening venture capital (VC) strategies and expanding co-investments with general partners (GPs) this ...

Top Korean LPs to discuss post-pandemic investments

Top Korean LPs to discuss post-pandemic investments

The Korea Economic Daily is hosting Asia's biggest alternative investment forum in Seoul on Oct. 27, where chief executives of the National Pension ...

Hyundai to target Southeast Asia EV market from Indonesia

Hyundai to target Southeast Asia EV market from Indonesia

Hyundai Motor Group chairman Chung Euisun has declared that the world’s fifth-largest carmaker will target the electric vehicle market in Sout...

BTS drops Sony for Universal

BTS drops Sony for Universal

The world’s biggest boy band is joining forces with the world’s largest music company.South Korea’s BTS has agreed to a ...

Sweden's EQT staffs up in Asia with focus on Korea

Sweden's EQT staffs up in Asia with focus on Korea

EQT Partners, Europe's largest private equity firm, is staffing up its Asia Pacific team with a focus on South Korea, the investment firm said on Mo...

Masayoshi Son to bet $170 mn on Naver metaverse platform

Masayoshi Son to bet $170 mn on Naver metaverse platform

Softbank Group founder Masayoshi Son is slated to bet $170 million on Naver Corp.’s metaverse platform. The investment is expected to help Nav...

Ares Management sees rental demand-led growth in US properties

Ares Management sees rental demand-led growth in US properties

Industrial properties in the US will likely continue to outperform other types of real estate, driven by significant rental growth in the e-commerce...

Enchem raises IPO price by a record 20% on strong investor demand

Enchem raises IPO price by a record 20% on strong investor demand

South Korea’s Enchem Co., which is working to list its shares on the Kosdaq market, has decided to raise its initial public offering price by ...

Are Korean battery materials stocks too expensive?

Are Korean battery materials stocks too expensive?

South Korean battery materials shares have rallied with their market capitalization nearly doubling since early January thanks to strong growth in t...

Korea’s Simone to spend up to 40% of net profit for dividends

Korea’s Simone to spend up to 40% of net profit for dividends

South Korean Simone Acc. Collection Ltd., the world’s No. 1 handbag maker, plans to spend 30-40% of net profit for dividends after a listing n...

Korean VC firms expand investment in Southeast Asia

Korean VC firms expand investment in Southeast Asia

South Korean venture capital firms are expanding their investment in Southeast Asia,  where startups grow rapidly based on a large population.K...

Hyundai Motor, Kia winners in sagging European car market in September

Hyundai Motor, Kia winners in sagging European car market in September

Hyundai Motor Co. and Kia Corp., the two automaking units of Hyundai Motor Group, saw their market share in Europe rise to a level never seen before...

SK to form 'turquoise' hydrogen JV in Korea with Monolith

SK to form 'turquoise' hydrogen JV in Korea with Monolith

SK Inc., the holding and investment company of South Korea’s SK Group, agreed to establish a 'turquoise' hydrogen joint venture in the country...

Korean auto shares shine in gloomy stock market

Korean auto shares shine in gloomy stock market

South Korean car shares overcame slides in the country’s stock markets as the automotive chip shortage is showing some signs of easing.Global ...

SK Group to reform governance structure with stronger board of directors

SK Group to reform governance structure with stronger board of directors

SK Group will undergo a major governance reform with significant empowerment of the board of directors in making key management decisions. The group...

SoftBank-backed Riiid acquires Langoo, eyes Japan's edtech market

SoftBank-backed Riiid acquires Langoo, eyes Japan's edtech market

South Korea-based artificial intelligence startup Riiid is looking to boost its presence in Japan following the acquisition of its Japan-based distr...

Hanwha to raise $503 mn to expand China PVC production

Hanwha to raise $503 mn to expand China PVC production

South Korea’s Hanwha Solutions Corp. is set to raise $503 million to expand its polyvinyl chloride (PVC) business in China, the world&rsq...

Toss acquires Tada, taps into mobility market

Toss acquires Tada, taps into mobility market

South Korea-based mobile financial platform Toss, which has been expanding its operations across the financial sector, is set to foray into the mobi...

Korean LCCs rush to stock market for fund on travel recovery hopes

Korean LCCs rush to stock market for fund on travel recovery hopes

Cash-strapped South Korean budget airlines are rushing to raise money in the local stock market on growing hopes for a travel recovery as government...

Hyundai Doosan Infracore wins orders for 62 excavators in Philippines

Hyundai Doosan Infracore wins orders for 62 excavators in Philippines

South Korea-based heavy machinery and construction equipment maker Hyundai Doosan Infracore Co. has secured orders for 62 excavators in the Philippi...

Samsung to make 2-nanometer GAA chips by 2025 to overtake TSMC

Samsung to make 2-nanometer GAA chips by 2025 to overtake TSMC

Samsung Electronics Co. said on Thursday it will be able to commercialize a 2-nanometer transistor process technology by 2025 to take on bigger foun...

Yanolja, HanaTour team up to take lead in travel market

Yanolja, HanaTour team up to take lead in travel market

South Korea’s No. 1 accommodation booking platform Yanolja has joined forces with the country's leading travel agency HanaTour Service Inc. to...

SK, Plug Power launch JV to grab Asia’s hydrogen fuel cell market

SK, Plug Power launch JV to grab Asia’s hydrogen fuel cell market

SK Group’s city gas supplier SK E&S Co. said on Oct. 6 that it has officially kicked off the joint venture (JV) with the American hydrogen...

InBody to expand into household, blood pressure monitoring markets

InBody to expand into household, blood pressure monitoring markets

South Korea’s InBody Co., the global market leader of body composition analyzer devices, will be making a strategic turn to focus on the fast-...

Korea's first-generation platforms collapse, ringing in new e-commerce era

Korea's first-generation platforms collapse, ringing in new e-commerce era

South Korea's first-generation e-commerce platforms, which have been around since the 1990s, are rushing to sell off their businesses as their valua...

Kospi lowest in nearly 7 months; outlook dim on inflation, US debt standoff

Kospi lowest in nearly 7 months; outlook dim on inflation, US debt standoff

South Korea's main stock index has fallen below the psychologically important 3,000 points for the first time in nearly seven months, with investors...

Next K-wave in Asia: Convenience stores

Next K-wave in Asia: Convenience stores

When South Korean major convenience store chain CU opened its first branch in Malaysia on April 1, there was a queue of more than 100 meters to get ...

Hanjin Heavy wins $270 mn container ship order, first deal in 6 years

Hanjin Heavy wins $270 mn container ship order, first deal in 6 years

Hanjin Heavy Industries & Construction Co. said on Tuesday it has won a $270 million deal to build four 5,500 TEU container ships for a European...

Korea Inc emerges as big buyer in global M&A market

Korea Inc emerges as big buyer in global M&A market

South Korean companies are emerging as big buyers in the global mergers and acquisitions (M&A) markets. They are actively looking for future gro...

S.Korea’s extra budget approved; IBs lift economic forecast BTS’ Suga, MLB star Chan Ho Park to join Oakland Athletics as shareholders Celltrion secures $730 mn to buy biosimilar unit shares, pursue M&A Korean commercial act revision to drive reevaluation of equities: J.P. Morgan S.Korea to elevate science minister to deputy prime minister to lead in AI race