PI Advanced, NexFlex draw bids from foreign rivals, PE firms
Two leading South Korean materials companies PI Advanced Materials Co. and NexFlex Co. have drawn final bids mainly from foreign rivals and private ...
SK E&S, Australia’s Santos eye joint carbon capture, hydrogen projects
SK E&S Co., the natural gas business unit of South Korea’s SK Group, and Australia’s leading energy company Santos Ltd. are seeking ...
Hanwha Systems joins hands with Italy's Leonardo for radar exports
South Korea’s Hanwha Systems Co. joined forces with Italy’s major defense maker Leonardo SpA on exports of advanced aircraft radars to i...
Korean companies rapidly embrace ESG in management standards
South Korea’s big companies are rapidly embracing environmental, social and governance (ESG) standards by launching a dedicated ESG team to me...
HR startups outwit job posting sites for IT workers
The growing trend toward personalized hiring and the rising demand for technology developers are encouraging South Korea’s human resources tec...
LG Display to nurture its own display experts at local graduate schools
LG Display Co. is joining other South Korean big companies in a race to foster their own talent by establishing relevant departments at prestigious ...
LG Uplus eyes metaverse niches for office workers, kids
South Korea’s LG Uplus Corp. will target specific groups of customers such as office workers and preschoolers for its metaverse platforms, set...
SK On bolsters M&A team with new executive hires
SK On Co., an electric vehicle battery maker of SK Innovation Co., is bolstering its M&A team by hiring M&A experts from a leading law firm ...
Korea's top patient monitoring device maker targets pet sector
South Korea’s leading patient monitoring device maker Mediana Co. is targeting the pet medical industry while seeking an artificial intelligen...
Lotte Chemical raises stake in Fine Chemical amid merger talk
South Korea’s Lotte Chemical Corp. has raised its stake in affiliate Lotte Fine Chemical Co. amid speculation that the two companies may merge...
CJ ENM, Naver to launch drama studio joint venture in Japan
South Korean entertainment powerhouse CJ ENM Co. and online platform giant Naver Corp. are launching a drama production studio in Japan to tap into ...
SK Square taps NPS PE expert as global investment head
South Korea’s investment firm SK Square Co. announced on Thursday that it has chosen Harvey Hakjin Bae, a former alternative investment expert...
Celltrion to sell biosimilar products via its own channel in Europe
South Korea's biopharmaceutical company Celltrion Inc. plans to sell all of its biosimilar products through its own sales channels in Europe to impr...
S.Korean CEOs chase M&A targets in same industry
Some 72% of South Korea's chief executives surveyed by consulting firm EY intend to carry out M&As within the next 12 months to increase their m...
SK E&S invests $110 million in world’s largest carbon capture project
SK E&S Co., the natural gas business unit of South Korea’s SK Group, is investing $110 million for a 10% stake in Summit Carbon Solutions ...
Fabless startup FADU eyes unicorn status with $157 mn funding
FADU Technology, a fabless startup that develops architecture for solid-state drive (SSD) controllers and storage products, is seeking to raise 200 ...
Korea contractor for TSMC, Airbus aims to top anodizing sector
South Korea’s YKMC Inc., an integrated contract manufacturer for global companies such as Taiwan Semiconductor Manufacturing Co. (TSMC) and Ai...
Amorepacific delivers disappointing Q1 results as China sales slump
South Korea’s cosmetics giant Amorepacific Corp. on Thursday posted disappointing first-quarter sales and operating profit as revenue from Chi...
Samsung Asset to list blockchain ETF on Hong Kong Exchange
Samsung Asset Management Co. is slated to list a blockchain exchange-traded fund on the Hong Kong Exchange (HKEX) in the first half of this year, th...
SK buys power semiconductor maker for EV chip business
SK Group, South Korea’s third-largest conglomerate, has geared up its electric vehicle chip business development with the acquisition of a loc...
Why South Korean companies don't get tender offers
Elon Musk’s successful bid to buy out the social media platform Twitter for around $44 billion is a kind of deal unlikely to happen in South K...
Korea’s LX Group seeks to acquire Magnachip Semiconductor
South Korea’s LX Group is looking to acquire US-listed Magnachip Semiconductor Corp. to create synergy with the group’s foundry affiliat...
LG Chem becomes 1st Korean long-term renewables buyer
LG Chem Ltd. has become the first South Korean company to buy renewable energy on a long-term basis as part of an effort to make a full switch to re...
COVID test kit maker SD Biosensor buys Italian medical device firm
SD Biosensor Inc., South Korea’s top manufacturer of COVID-19 test kits, said on Friday that it has signed a deal to purchase a 100% stake i...
Online education startup Day 1 Co. completes $28 mn Series D funding
Education content provider Day 1 Company announced Thursday it has completed a Series D funding worth 35 billion won ($28 million.)A number of ventu...
Global pension funds veto more of Korean firms' agendas
Global pension funds are expanding their influence as key shareholders of major companies in South Korea. Some of the world’s largest pensio...
South Korean conglomerates race to establish CVCs
One after another, South Korea’s household name conglomerates are establishing corporate venture capital (CVC) firms under their holding compa...
Surging dividend outflows to hit Korea's current account balance, won
Dividend payments of foreign companies operating in South Korea have nearly doubled and the repatriation of profit to their headquarters is expected...
Korean refiners: Lubricating the future of electric vehicles
With the rise of electric vehicles globally, South Korea’s major oil refiners are jockeying to become leading suppliers of lubricants and cool...
Hanssem to remodel itself into 'living tech' company
South Korea’s furniture maker Hanssem Co. unveiled its mid-to-long-term business strategy to institutional investors on Friday. During it...
