US' ITC says 10-year import ban on SK not excessive

The US International Trade Commission (ITC) has stated that the 10-year exclusion order prohibiting SK Innovation Co. from importing battery product...

NPS posts near 10% returns for second straight year

The National Pension Service (NPS) has reported a provisional return rate of 9.7 percent in 2020, marking the second time for the South Korean pensi...

Samsung heirs may face record-high $10 bn inheritance tax bill

The Samsung Group heirs, including Samsung Electronics Co.'s de facto leader Jay Y. Lee, may be looking at a record-high $9.9 billion inheritance ...

Korean Teachers’ Credit poised for best return since 2010

The Korean Teachers’ Credit Union (KTCU) is on course to post its strongest investment return in a decade of around 9%, driven by double-digit...

Hana to reap over 10% IRR on $200 mn Poland logistics deals

South Korea’s Hana Alternative Asset Management Co. has decided to exit from two Amazon-leased logistics centers in Poland for around 240 bill...

S. Korea to grow green biotech industry to $10.6 bn by 2030; nurture talent

The South Korean government said on Sept. 21 that it will triple the size of the country’s green biotechnology industry over the next decade and...

Korea state agency to sell up to 10% Woori Financial stake in block deal

The Korea Deposit Insurance Corp. (KDIC) has resumed the ongoing sale process of its 17.25% stake in Woori Financial Group in four years. It will offe...

Korean dramas push cultural content exports beyond $10 billion

Korean dramas are becoming a worldwide phenomenon as they rise steadily to become one of Korea's major exports - even in countries that harb...

NH Investment joins in $10.1 bn Abu Dhabi deal for $1.3 bn stake

NH Investment & Securities Co. Ltd. will invest about 1.6 trillion won ($1.3 billion) in Abu Dhabi National Oil Company’s (ADNOC) gas pipeli...

NPS' 2019 investment return at 10-yr high on equities, fixed incomes

The National Pension Service (NPS) reported a preliminary 11% return on investments in 2019, its best annual result in a decade, supported by double-d...

GS EPS-Mirae Asset consortium buys 10% stake in US gas power plant

A consortium of South Korean power producer GS EPS Co. Ltd. and Mirae Asset Daewoo Co. Ltd. has agreed to buy a 10% stake in a New Jersey-based gas po...

Korean firms to raise $350 mn mezzanine fund for 10 Hudson Yards NYC - report

Two South Korean asset management firms will start to raise about 400 billion won ($346 million) in a mezzanine fund from this week to invest in 10 Hu...

[Interview] KIC CEO says seeks 10% returns from overseas project financing

Korea Investment Corporation (KIC), South Korea’s sovereign wealth fund, may take part in project financing of overseas construction orders secu...

Korean fruits keep high performance despite bad export situation

"Shinwha," a pear that's sweet and juicy even after 30 days at room temperature, "Kingsberry" with a subtle peach scent, and "Sweet Gold," a kiwifru...

AI and other Internet new techs reach every corner of our lives (edited)

Metaverse, artificial intelligence (AI) and other Internet new technologies are gradually taking root in the daily lives of our citizens. In the cas...

S.Korea to allocate 70% of annual R&D budget to 11 core tech areas

The South Korean government plans to allocate 70% of its annual R&D budget to 40 projects for research and development in 11 core industrial...

AhnLab forms joint venture with Saudi's SITE (edited)

AhnLab Inc., a leading provider of computer security solutions based in South Korea, on Monday announced the establishment of a joint venture (JV) w...