Kakao Pay pushes back IPO to November despite tight schedule
Kakao Group’s payment services unit Kakao Pay Corp. has pushed back its IPO to November due to growing concerns regarding the impact of regula...
Hyundai Motor to start hydrogen popularization in 2040
Hyundai Motor Group, the world’s fifth-largest automaker, declared to make 2040 the first year of hydrogen energy popularizationThe group was ...
KB Fin, Shinhan invest in Sweden's wind farm via joint fund
South Korea's two banking giants -- KB Financial Group and Shinhan Financial Group -- have invested a combined 80 billion won ($68 million) in a win...
Dongwon aims to rise from canned tuna maker to F&B giant
For many South Koreans, particularly among the older generation, Dongwon is the name of the company that makes canned tunas, for which the food make...
Regulatory moves delay Kakao Group’s IPO plans
Toughening regulations on big tech firms in South Korea are impacting the IPO timeline of Kakao Pay Corp. and Kakao Mobility Corp. According to the ...
Millennials now S.Korea’s largest buyer of luxury goods
The millennials have become the largest spenders on luxury goods at department stores in South Korea. According to joint research by The Korea Econo...
Hyosung Group Chairman Cho seeks growth opportunities in US market
South Korea’s Hyosung Group is looking to the US market for growth as the textile and chemicals conglomerate is expanding facilities in Americ...
DL Chem to spend $2 bn on petrochemical expansion
DL Chemical Co., the petrochemical arm of South Korea's DL Group, will spend 2 trillion won ($1.7 billion) over the next five years to sharply boost...
Hanwha seeks more M&A targets: Group’s heir apparent
Hanwha, the South Korean chemicals-to-financial conglomerate, has been a key player in the M&A market with a series of acquisitions in recent ye...
Philippines LCS Group to invest more in Korea tourism
The Philippines LCS Group of Companies plans to expand investment in South Korea’s tourism as the Northeast Asian country is expected to attra...
Hyundai Motor vows carbon neutrality by 2045
South Korea’s top automaker Hyundai Motor Co. pledged to achieve carbon neutrality by 2045 as global automakers are going for broke to accompl...
KOGAS, Hanwha-led group to build Vietnam LNG power plant
Korea Gas Corp. (KOGAS) and Hanwha Energy Corp.-led group was set to build a $4.8 billion liquefied natural gas (LNG) power plant in Vietnam that is...
Software giant Hancom joins space race with satellite launch
South Korean software and ICT conglomerate Hancom Group will be the first private company in the country to launch a micro-satellite, or a satellite...
SK E&S eyes $30 billion corporate value as top hydrogen company
SK E&S Co., the natural gas business unit of SK Group, aims to turn into an eco-friendly company with an enterprise value of 35 trillion won ($3...
Hyundai Heavy, Babcock join forces for Korea’s first aircraft carrier
Hyundai Heavy Industries Co. teamed up with British engineering company Babcock International to develop South Korea’s first aircraft carrier....
Philippines LCS Group to join $1.7 bn Korean resort project
The Philippines LCS Group of Companies agreed to join a $1.7 billion resort development in South Korea, marking the first firm from the Southeast As...
Behind the scenes of GS-led group's $1.5 bn Hugel purchase
South Korea's energy-to-construction conglomerate GS Group was not considered a serious bidder when it entered the race for a 46.9% stake in the cou...
Netmarble sells shares of Kakao units to raise $700 mn in August
South Korea’s Netmarble Corp. has earned 816.9 billion won ($703 million) so far in August alone by selling shares of KakaoBank Corp. and Kaka...
Will Samsung follow TSMC's price hikes?
Samsung Electronics Co., the world’s largest memory chip maker, is expected to raise foundry prices in the near term as surging demand is outp...
Bain Capital sells management rights of Hugel to GS-led group for $1.5 bn
A consortium led by South Korea’s energy-to-construction conglomerate GS Group has acquired the country’s top botox maker Hugel Inc. fro...
Samsung Elec, SK Hynix shares jump alongside US peers
Samsung Electronics Co. and SK Hynix sharply rose on Aug. 24 after suffering a continuous sell-off. The Philadelphia Semiconductor Index gained for ...
KIC replaces infrastructure, real estate heads
The Korea Investment Corporation (KIC) on Tuesday replaced its infrastructure and real estate investment heads, in a senior management reshuffle fol...
(HOLD) GS Group is shifting gears towards digital sectors
South Korea’s energy-to-construction conglomerate GS Group is investing big on fast-growing digital segments.According to the industry on Aug....
Shares of LG Chem, LG Electronics tumble on GM EV recall
Shares of LG Chem Ltd. and LG Electronics Inc. fell sharply on Monday in Seoul following General Motors Co.’s announcement on Friday that it w...
SK Group’s holding firm to absorb SK Materials in corporate restructuring
SK Inc., the investment and holding company of SK Group, will absorb SK Materials Co., the group’s industrial gas manufacturing affiliate, in ...
Hyundai Mobis to invest $1.1 bn to make hydrogen fuel cells
Hyundai Motor Group’s long-term ambition to create a full-fledged hydrogen value chain, from fuel cell production to hydrogen-powered logist...
Kakao Group’s past, present and future as conglomerate
Kakao Corp., which a decade ago was merely a mobile messenger operator, has now grown into one of the largest business groups in South Korea. The in...
Vietnam's Masan Group to attract $200 mn from Korean PE
Masan Group Corp., Vietnam's leading conglomerate with a diverse range of businesses ranging from food and consumer goods to financial services, wil...
Samsung SDI may build battery plant in Illinois
e Samsung SDI Co., one of South Korea's top three electric vehicle battery makers, is considering building its first US battery plant in central Il...
Samsung SDI may build battery plant in Illinois
Samsung SDI Co., one of South Korea's top three electric vehicle battery makers, is considering building its first US battery plant in central Illin...
