LG Energy, GM to build $2.6 bn battery plant in Michigan

LG Energy, GM to build $2.6 bn battery plant in Michigan

LG Energy Solution Ltd. and General Motors Co., plan to build the third US electric vehicle battery plant in Michigan with a $2.6 billion investment...

LG Group invests $21 mn in vegan egg maker Eat Just

LG Group invests $21 mn in vegan egg maker Eat Just

LG Group plans to invest 25 billion won ($21 million) in California-based plant-based food maker Eat Just, Inc. The news follows an announcement by ...

Hyundai Engineering CEO: To spend $1.3 bn on green projects with IPO

Hyundai Engineering CEO: To spend $1.3 bn on green projects with IPO

Hyundai Engineering Co., the plant engineering and construction unit of South Korea’s Hyundai Motor Group, plans to spend as much as 1.5 trill...

Barbarians at the gate: fraud-hit Osstem wooed by bankers

Barbarians at the gate: fraud-hit Osstem wooed by bankers

South Korea's Osstem Implant Co., battered by the country's largest-ever embezzlement scandal for a listed company, is now being courted by investme...

Aju sells San Jose-based hotel at $63 mn after five years

Aju sells San Jose-based hotel at $63 mn after five years

Aju Hotels & Resorts Co., a hospitality firm under Korean conglomerate Aju Group, has sold its San Jose-based hotel to an affiliate of US hosp...

Hyundai Motor vows $7.7 billion investment after record 2021 revenue

Hyundai Motor vows $7.7 billion investment after record 2021 revenue

Hyundai Motor Co. said on Tuesday it will spend a record 9.2 trillion won ($7.7 billion) this year to ramp up facilities for electric cars and other...

S. Korean economy grows 4% in 2021

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...

SK Hynix to invest more in US chip design startup SiFive

SK Hynix to invest more in US chip design startup SiFive

SK Hynix Inc., South Korea’s major chipmaker, decided to make an additional investment in a US chip design startup SiFive in order to secure s...

Hyosung goes greener with $836 million green hydrogen project

Hyosung goes greener with $836 million green hydrogen project

Hyosung Group is stepping up efforts to turn into an eco-friendly business, announcing huge investment plans on hydrogen and renewable energy projec...

IGIS, Shinhan post 70% return a year from Amazon warehouse sale

IGIS, Shinhan post 70% return a year from Amazon warehouse sale

A Korean consortium led by IGIS Asset Management Co. and Shinhan Global Investment Banking (GIB) has signed a contract with a US asset manager to se...

China’s ByteDance invests $42 mn in Korea’s KidariStudio

China’s ByteDance invests $42 mn in Korea’s KidariStudio

China’s ByteDance Ltd., the developer of video-sharing social networking service TikTok, announced Friday that it invested 48 billion won ($42...

Kakao names new CEO to salvage reputation hurt by stock options scandal

Kakao names new CEO to salvage reputation hurt by stock options scandal

Kakao Corp., the operator of South Korea’s top mobile messenger KakaoTalk, on Thursday announced a new chief executive nominee as the company ...

Vegan foodmaker Organica attracts funding from China's CITIC

Vegan foodmaker Organica attracts funding from China's CITIC

Plant-based food company Organica Corp. has attracted investment from China’s alternative investment firm CITIC Capital Holdings Ltd. This mar...

Doosan to build Saudi Arabia's largest steel casting plant

Doosan to build Saudi Arabia's largest steel casting plant

Doosan Heavy Industries and Construction Co., South Korea's power plant components supplier, signed a preliminary agreement on Wednesday to build Sa...

Stonebridge Ventures to set up $168 mn new fund in H1

Stonebridge Ventures to set up $168 mn new fund in H1

Stonebridge Ventures Inc., South Korea’s most profitable venture capital firm, plans to establish a fresh fund of $168 million, the largest in...

Kurly CEO Sophie Kim on the road less traveled 

Kurly CEO Sophie Kim on the road less traveled 

Kurly Inc. CEO Sophie Kim had her first quarrel with her husband while waiting two hours in line to get into the parking lot of Costco.Reminiscing...

Korea's Mirae Asset to launch digital asset business

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...

Startup accelerator FuturePlay pushes ahead with IPO 

Startup accelerator FuturePlay pushes ahead with IPO 

Startup accelerator FuturePlay is pushing ahead with an initial public offering. The decision follows similar moves by Korean venture capital and ac...

KTCU names financial investment head as new CIO

KTCU names financial investment head as new CIO

Korean Teachers’ Credit Union (KTCU) has named its former Financial Investment Department head Park Man-soo as its new chief investment officer,...

Hyundai Engineering’s new business keywords: Hydrogen, mini reactors

Hyundai Engineering’s new business keywords: Hydrogen, mini reactors

Hyundai Engineering Co., the plant engineering and construction unit of South Korea’s Hyundai Motor Group, is reorganizing its business struct...

Hana jointly acquires Boston-based multifamily for $262 mn

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...

SK Networks invests $20 mn in vegan leather producer

SK Networks invests $20 mn in vegan leather producer

SK Networks Co. announced Friday it has invested $20 million in California-based biotech startup MycoWorks. The general trading arm of South ...

DoubleU invests $1.5 million in Epic Games

DoubleU invests $1.5 million in Epic Games

South Korea’s DoubleU Games Co. announced Friday that its subsidiary DoubleDown Interactive LLC invested $1.5 million in North Carolina-base...

MBK sells 10% stake to Dyal Capital for around $1 bn

MBK sells 10% stake to Dyal Capital for around $1 bn

North Asia-focused MBK Partners has agreed to sell a roughly 13% stake to Dyal Capital Partners for about $1 billion, according to a Bloomberg repor...

Korean investors inject $1.2 bn in Australian PPP

Korean investors inject $1.2 bn in Australian PPP

Korean investors have injected around A$1.7 billion ($1.2 billion) with a 32-year maturity through senior loans for A$11.1 billion ($8 billion) in t...

E-Land sells Shanghai warehouse for $2.2 bn to lower debt ratio

E-Land sells Shanghai warehouse for $2.2 bn to lower debt ratio

Retail conglomerate E-Land Group completed selling its first overseas logistics center in Shanghai for about 1.4 billion Chinese yuan ($2.2 billion)...

Coupang to shake up Korea’s logistics industry landscape

Coupang to shake up Korea’s logistics industry landscape

South Korea’s e-commerce giant Coupang Inc. is looking to tap into the country’s logistics industry, shaking up the sector, while market...

SoftBank invests $146 mn in AI startup Qraft

SoftBank invests $146 mn in AI startup Qraft

SoftBank Group Corp. is investing $146 million in South Korea’s artificial intelligence company Qraft Technologies, Inc. The investment includ...

SK Networks invests in AI-based US healthcare startup LVIS

SK Networks invests in AI-based US healthcare startup LVIS

South Korea’s SK Networks Co. said on Tuesday it joined a $15 million in Series B-2 funding for US healthcare startup LVIS Corp.LVIS, headquar...

Hyundai E&C to inject $343 mn in Hilton Seoul redevelopment

Hyundai E&C to inject $343 mn in Hilton Seoul redevelopment

  Hyundai Engineering & Construction Co. (Hyundai E&C), a construction giant under Hyundai Motor Company, will invest 409.9 billion wo...

Saudi Crown Prince bin Salman courts Korean AI startups as Riyadh, Abu Dhabi vie to build tech hubs K Shipbuilding up for sale as Korean shipyards ride new boom Samsung to buy US health tech firm Xealth in digital health push Korean waste management firm Koentec on market for $730 mn US unveils 25% tariffs on S.Korea, sets Aug. 1 deadline for agreement