Celltrion looks beyond biosimilars to develop its own mRNA drugs

South Korea’s Celltrion Inc. has long been a biosimilar player, producing replicas of original drugs, a growing market in the pandemic era.Ear...

Global carmakers deliver unfinished cars due to chip shortage

Global carmakers are now delivering unfinished cars, or vehicles without popular convenience features such as USB ports, to appease customers runnin...

Korean TV stars tipped for Kosdaq IPO windfalls

A spate of South Korean entertainment companies' public listings will likely create windfalls of up to tens of millions of dollars for Korean TV sta...

KTCU values working-level opinions for alternative investment

“The South Korean stock markets have barely risen since early this year, while the markets in Japan and Taiwan are hitting highs. I believe Ko...

Korean Air surprises market with highest quarterly profit in 5 years

Korean Air Lines Co. (KAL) surprised the market on Friday by posting its highest third-quarter operating profit in five years, boosted by strong dem...

Korean auto parts makers call for govt financial support

Representatives of South Korean auto parts makers on Friday called on the government to increase their financial support of the sector, including ta...

AIIB commits $60 mn to STIC Asia Infra Innovation Fund

The Asian Infrastructure Investment Bank (AIIB) has committed $60 million to the STIC Asia Infrastructure Innovation Fund managed by South Korea&r...

NCSoft to unveil NFT-based, play-to-earn games in 2022

NCSoft Corp., South Korea's leading game developer, will dip its toes into the realm of the blockchain and non-fungible tokens (NFT) by releasing pl...

KIC, NongHyup, Suhyup to co-invest $300 mn in overseas hedge funds

Korea Investment Corporation (KIC) is slated to jointly invest a combined $300 million in overseas hedge funds with Korea’s National Agricultu...

Hanwha Energy to raise $130 mn for Australia hydrogen project

Hanwha Energy Corp. of South Korea's Hanwha Group will raise about 150 billion won ($130 million) from Woori Private Equity to fund its solar energy...

S.Korea's IP trade balance swings to black in H1 2021

Success of Korean films on OTT platforms South Korea posted a surplus in its intellectual property rights trade balance in the first half of 2021. ...

Home interior app seeks new funding at over $ 1 bn valuation

South Korea's Bucketplace Co., an operator of the country's largest home interior platform, is seeking to raise about 100 billion won ($85 million) ...

Orchestra PE buys Korean pizza brand Banolim

Orchestra Private Equity set up Orchestra Private Equity IV (OPE IV) to invest $32 million in Korea’s pizza chain operator Banolim Food Co. an...

Citibank's exit from Korean retail market to cost up to $1.5 bn

Citigroup Inc. said on Monday its exit from South Korea's retail market was expected to cost between $1.2 billion and $1.5 billion, most of which wo...

Data Republic creates AI-based crypto investment solution

South Korean startup Data Republic is pioneering a smart way of investing for global cryptocurrency investors. Founded in 2018, the company has ra...

Korea's major LPs to focus on core assets in US and Europe

The chief investment officers of 10 South Korean major limited partners (LPs), including pension funds, mutual aid associations and life insurance c...

MBK seeks to buy two S.Korean e-commerce platforms

MBK Partners is in talks to buy management rights of two e-commerce platforms listed on South Korea's Kosdaq market in a package deal, according to ...

Legal data firm FiscalNote to list on Nasdaq via $1.3 bn SPAC deal

FiscalNote Holdings Inc., a US legal data and analytics company founded by a Korean-American, is set to go public in a deal valued at $1.3 billion. ...

Pulmuone to expand alternative meat business in the US

South Korea’s major food company Pulmuone. Co. is slated to expand sales of its in-house developed meat alternatives in the US market. The foo...

NPS selects four Korean VCs to invest 150 bn won

The National Pension Service (NPS) of South Korea said on Nov. 9 it has selected the venture capital firms that will entrust the pension fund&rsqu...

NCSoft reclaims throne with new mobile game Lineage W

Lineage W, developed by South Korea’s NCSoft Corp., has swiftly reclaimed the top spot in the country's mobile gaming market just three days s...

Korean apparel retailer F&F returns as market darling after relisting

South Korean outdoor clothing retailer F&F Co. has returned as one of the most coveted stocks on the main bourse, with its share price nearly tr...

Two Korean LPs invest €90 mn in BlackRock's infra fund

Two Korean pension funds have together invested €90 million ($104 million) in BlackRock Real Assets’ co-investment fund Global Infrastruc...

Korean politicians seek to delay crypto taxation as another bubble looms

South Korean politicians are seeking to delay taxes on gains from cryptocurrency trading by one year as they gear up for the upcoming presidential e...

SM Line joins growing list of S.Korean IPO dropouts

SM Line Corp. on Wednesday became the latest South Korean company to drop its initial public offering plan on disappointing institutional interest.T...

Specialty coffee brand Terarosa raises $60 mn from Unison Capital

The operator of Terarosa, known as the Blue Bottle Coffee of South Korea, has received around 70 billion won ($60 million) in funding from Unison Ca...

POSCO International, Petronas sign PSC for Malaysian gas development

POSCO International Co., the trading unit of South Korean steelmaker POSCO, has signed a production sharing contract (PSC) for the development of an...

Korean eyewear startup to again design China's top dept store hall

South Korean eyewear brand Gentle Monster is slated to design the luxury hall space of the Chengdu branch of SKP, China’s top department sto...

LG, CJ join other Korean firms to run offices in Washington

WASHINGTON D.C. – South Korea’s major business conglomerates are heading to Washington D.C. to run offices handling regulatory and gover...

Korea Post advises more GPs set up Korean offices for better partnerships

Korea Post looks to expand asset classes that can hedge inflation and earn benefits from rising interest rates despite concerns of stagflation and c...