Hyundai Motor to launch investment affiliate in US for further growth
South Korea’s Hyundai Motor Group will establish an investment company in the US state of Delaware to expand its presence in the North America...
LG Elec.-SM Ent. tie up to challenge Apple Fitness+
LG Electronics Inc. and SM Entertainment Co., South Korea’s giants in the home appliances and entertainment sectors, joined hands in the home ...
Samsung Eng. to invest in Vietnam for SE Asia water biz
Samsung Engineering Co. agreed to spend $41 million on Vietnam’s largest private water treatment company for the eco-friendly business in Sout...
LG Magna to spend $78 mn on China capacity expansion
LG Magna e-Powertrain Co. will invest $78 million in its Chinese plant of electric vehicle parts to meet growing demand in the world’s largest...
SK Bioscience wins marketing license for Korea's first COVID-19 vaccine
South Korea’s SK Bioscience Co., a biopharmaceutical unit of SK Group, has won marketing authorization for its COVID-19 vaccine from the Minis...
Hyundai’s US partner Aptiv invests in self-driving startup StradVision
Aptiv PLC, one of the world’s big three autonomous driving technology companies, has agreed to invest 50 billion won ($39 million) in StradVis...
South Korea to invest $794 million in AI chips, nurture 7,000 experts
The South Korean government has decided to invest 1.02 trillion won ($794 million) in the artificial intelligence semiconductor sector and foster ov...
Korea Woori Card to start installment finance biz in Indonesia
Woori Card Co. is set to start the installment finance business in Indonesia, Southeast Asia’s largest economy as the credit card unit of Sout...
Shinsegae to build metaverse presence with Hancom
South Korea’s retail powerhouse Shinsegae Inc. will kickstart its efforts to build a metaverse presence, while seeking to buy a stake in its d...
Petrochem firms to fuel plants with self-supplied power
South Korea’s petrochemical companies will build power plants for the first time in their history to meet their rising energy needs on a stabl...
Korea to reboot nuclear power sector with orders, aid
South Korea plans to rebuild the nuclear power plant industry hard hit by the previous government’s nuclear energy phasing-out policy by placi...
LG, Kakao Mobility to roll out autonomous delivery robot service
LG Electronics Inc. and Kakao Mobility Corp. have agreed to form a future mobility technology partnership with an aim to jointly launch an autonomou...
Samsung to boost chip substrate investment after Apple order
Samsung Electro-Mechanics Co. will expand its manufacturing facilities for high-performance package substrates in both South Korea and Vietnam, afte...
Residential, urban logistics in Europe are attractive: Patrizia
Despite a number of global market uncertainties, there is value in real assets where rental income grows faster than inflation, Mahdi Mokrane, head ...
Lotte seeks to sell Pakistan arm for over 10 times return
South Korea’s Lotte Chemical Corp. has decided to put its entire stake in Pakistan-based LCPL up for sale, which may sell for up to 210 billio...
More LPs tap ex-Samsung Life professionals as CIOs
A number of financial experts who built their careers at Samsung Life Insurance Co. are in the spotlight as more South Korean pension funds and mutu...
Paris Baguette enters Malaysia, eyes $2 trillion halal market
SPC Group’s bakery franchise Paris Baguette has chosen Malaysia as its eighth overseas market. The decision aligns with the food and beverage ...
KT, Hanmi-invested therapeutics maker Digital Pharm launched
Digital Pharm, jointly invested in by KT Corp. and Hanmi Pharmaceutical Co., held an official inauguration ceremony last week, the company announced...
Temasek VC unit CEO sees recent downturn as investment opportunity
Vertex Venture Holdings, a venture capital unit of Singapore state investor Temasek Holdings, expects the recent global downturn to offer investment...
SK Gas to sell Istanbul tunnel stake to Qatari fund for $111 mn
SK Gas Ltd., South Korea’s leading liquefied petroleum gas (LPG) supplier, is poised to sell its stake in an operator of the Eurasia Tunnel in...
Lotte plans to expand bio capacity in Korea and US
Lotte Group is preparing to kickstart its biopharmaceutical business as a contract development and manufacturing company (CDMO) by building a new pl...
Doosan adds chip post-processing to list of growth drivers
Doosan Group has added semiconductor post-processing services to its core businesses and plans to invest 1 trillion won ($774 million) in its microc...
Hanwha invests $115 mn in urban air mobility firm Overair
South Korea’s Hanwha Systems Co. and Hanwha Aerospace Co. have invested a combined $115 million in Series B funding for Overair Inc., a Califo...
SK to invest $30 mn in ammonia-based power solutions developer Amogy
SK Innovation Co. announced Tuesday it will inject $30 million into Brooklyn-based Amogy Inc. The intermediate holding company of SK Group and ...
Brokerages sit on $5.3 bn of global alternative assets to sell down
Some major securities firms in South Korea are having difficulties with overseas alternative assets they have yet to sell down. The brokerage firm...
LB Investment submits preliminary IPO assessment request to KRX
LB Investment has submitted a preliminary assessment request to the Korea Stock Exchange, the first step to an initial public offering. It chose Mir...
LG Energy to invest $451 mn in mass production of Tesla’s 4680 battery cells
LG Energy Solution Ltd. announced Monday it will invest 580 billion won ($451 million) to manufacture battery cells for Austin-based Tesla, Inc.The ...
South Korean tech juggernauts turn their characters into NFTs
South Korea’s tech behemoths are turning the companies’ characters into non-fungible tokens (NFTs) with the aim of creating an intellect...
Korean bio firms flock to US as SV Invest eyes $100 million bio fund
SV Investment, a South Korean venture capital and private equity firm, is looking to launch a $100 million bio fund in the US as a growing number of...
Hanwha to announce plans to enhance shareholder value in H2
South Korea’s Hanwha Corp. discussed on June 10 its ESG activities in the first half of this year and is set to announce plans for enhancing s...
