Capital City Authority
Scope
Date
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Korean Investors
Korea taps Greyhound Capital, Headline Asia as venture fund managers
South Korean Ministry of SMEs and Startups announced the results of selecting global fund management companies for the year 2023 on Monday. The chos...
Aug 21, 2023 (Gmt+09:00)
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Electric vehicles
Kia to revive Ray EV to kick start S.Korean city car market
Kia Corp., South Korea’s No. 2 automaker, aims to revitalize the local city car segment with the reintroduction of an electric version of the ...
Aug 20, 2023 (Gmt+09:00)
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Economy
Seoul’s slow but enduring push to be Asia’s premier financial hub
It is a long-cherished dream of Seoul, the capital city of South Korea, to present itself to the world as Asia’s prime financial hub, but the ...
Aug 18, 2023 (Gmt+09:00)
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Travel & Leisure
Staying 5 hours on cruise ship in Busan raises sales 30%: study
With the resumption of international cruise ship travel to South Korea, domestic credit card company BC Card says daily sales in commercial district...
Aug 16, 2023 (Gmt+09:00)
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Travel & Leisure
Paradise City, Ctrip to jointly launch S.Korean travel packages
Paradise City, an integrated resort in Incheon, announced on Monday that it has partnered with China's largest online travel agency Ctrip to introdu...
Aug 14, 2023 (Gmt+09:00)
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Business & Politics
Sejong City to cooperate with Northern Ireland in smart city, cybersecurity
South Korea's Sejong Special Self-Governing City will pursue economic exchange with Northern Ireland and cooperation in cybersecurity research with ...
Aug 10, 2023 (Gmt+09:00)
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Mergers & Acquisitions
With long-gone heyday, Capro clings to stake sale for survival
Once everyone’s darling but now an ugly duckling, Capro Co., South Korea’s sole maker of caprolactam, a nylon raw material, is despera...
Aug 04, 2023 (Gmt+09:00)
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Business & Politics
South Korean city seeks to build Asia's 1st MSG Sphere
A city in the greater Seoul area is aiming to become the first in Asia to attract Madison Square Garden (MSG) Sphere, an iconic music and entertainm...
Aug 03, 2023 (Gmt+09:00)
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K-pop
K-pop group aespa to premiere ‘Better Things’ single in LA
K-pop girl group aespa will hold a concert "aespa LIVE TOUR 2023 - SYNK: HYPER LINE" at the Crypto.com Arena in Los Angeles, US, on August 13, their...
Aug 02, 2023 (Gmt+09:00)
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Construction
Hyundai E&C bags $145 mn order to build HVDC line in Saudi Arabia
Hyundai Engineering & Construction Co. has won a $145 million deal in Saudi Arabia, boding well for the leading South Korean builder’s bus...
Aug 01, 2023 (Gmt+09:00)
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Bio & Pharma
Hanmi Pharm to develop obesity drug customized for S.Korean
South Korea's Hanmi Pharmaceutical Co. plans to develop the GLP-1 class "Epeglenatide," which it received as a technology return from Sanofi S.A., i...
Jul 31, 2023 (Gmt+09:00)
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Robotics
KT, LG Elec, Hyundai Elevator join robot-elevator project
A robot freely gets on and off an elevator and moves around a building, doing everything from coffee to parcel delivery and route guidance.This is t...
Jul 28, 2023 (Gmt+09:00)
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Pension funds
NPS commits $724 mn to CVC Capital’s ninth PE fund
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, has committed €650 million ($724 million...
Jul 27, 2023 (Gmt+09:00)
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Venture capital
S.Korea to form $6.2 bn corporate venture capital fund pool by 2025
The South Korean government and the private sector will jointly create a corporate venture capital (CVC) fund pool worth more than 8 trillion won ($...
Jul 24, 2023 (Gmt+09:00)
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Culture & Trends
BTS’ Beyond the Story tops NYT bestseller list
BTS' first official book "Beyond the Story: 10-Year Record of BTS", published in celebration of 10th Anniversary, topped the New York Times bestse...
Jul 20, 2023 (Gmt+09:00)
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Beauty & Cosmetics
Bain Capital in talks to buy Korean aesthetic device maker Ilooda
Ilooda, a South Korean medical aesthetic devices maker valued at around 200 billion won ($158 million), is likely to sell its management rights to U...
Jul 19, 2023 (Gmt+09:00)
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Electronics
Samsung to open Galaxy Experience Spaces in seven cities
Samsung Electronics Co. announced on Tuesday that it will open the "Galaxy Experience Spaces" in seven cities spanning six countries. These spa...
Jul 18, 2023 (Gmt+09:00)
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Batteries
Lotte Materials invests in French silicon cathode materials startup
Lotte Energy Materials Corp., formerly Iljin Materials and now a copper foil manufacturing subsidiary of South Korea's Lotte Chemical Corp., on Sund...
Jul 17, 2023 (Gmt+09:00)
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Travel & Leisure
Art luxury hotel reopened at Paradise City in Incheon
The casino complex Paradise City in Incheon on Saturday will reopen Hotel Art Paradiso at its integrated resort on Yeongjong Island. Closed in July ...
Jul 14, 2023 (Gmt+09:00)
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Central bank
BOK keeps door open for another rate hike on Fed, debts
South Korea’s central bank on Thursday kept the door open for another interest rate hike after leaving the policy borrowing cost unchanged for...
Jul 13, 2023 (Gmt+09:00)
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Hydrogen economy
Hanwha Solutions, SK D&D team up for hydrogen fuel cell, solar power
South Korea's Hanwha Solutions Corp. and SK D&D have signed a strategic memorandum of understanding (MOU) to jointly pursue hydrogen fuel cell...
Jul 12, 2023 (Gmt+09:00)
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Korean stock market
GS E&C loses $230 mn market capitalization in one day
GS Engineering & Construction Co.'s stock price plummeted on Thursday in the aftermath of the underground parking lot collapse. Following the Mi...
Jul 06, 2023 (Gmt+09:00)
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Real estate
Singapore's CDL buys Nine Tree hotel in Seoul for $107 mn
Singapore-based major real estate firm City Developments Ltd. (CDL) has bought Nine Tree Premier Hotel Myeongdong II from South Korea’s Shinha...
Jul 06, 2023 (Gmt+09:00)
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Travel & Leisure
S.Korean gov't unveils new K-tourism video ads
The South Korean Ministry of Culture, Sports, and Tourism, along with the Korea Tourism Organization, announced on Tuesday that they have launched t...
Jun 27, 2023 (Gmt+09:00)
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Travel & Leisure
Seoul preps to launch ferry service for tourists, commuters
The city of Seoul plans to launch a ferry service in 2024 as authorities in the South Korean capital vie to draw more foreign tourists and ease comm...
Jun 23, 2023 (Gmt+09:00)
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Construction & Planning
Korean-style smart city to be introduced in Ukraine's Uman
The South Korean government has decided to support the development of a smart city in Uman located in central Ukraine. The Ministry of Land, Infrast...
Jun 22, 2023 (Gmt+09:00)
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Korean startups
Seoul to build world's largest startup campus by 2030
The Seoul Metropolitan Government will establish the world’s largest startup campus in the capital city of South Korea by 2030, benchmarking S...
Jun 21, 2023 (Gmt+09:00)
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Batteries
Battery materials firms revive Korean cities with new plants
As South Korean battery materials companies such as LG Chem Ltd., POSCO Future M Co. and EcoPro Co. aggressively step up facility investment, they a...
Jun 20, 2023 (Gmt+09:00)
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Private equity
Affirma Capital’s Korean MD Thomas Shim promoted to partner
Global private equity firm Affirma Capital has promoted Seoul-based Managing Director Min Hyun (Thomas) Shim to partner, investment banking sources ...
Jun 20, 2023 (Gmt+09:00)
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Business & Politics
S.Korea-Iraq Joint Committee resumes operations after six years
A joint committee between South Korea and Iraq will be held again after a six-year hiatus.The government plans to help Korean companies win large pr...
Jun 20, 2023 (Gmt+09:00)
Latest News
- 1 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 2 Korea to allow non-profits to buy bad consumer loans
- 3 LG to drive future growth in emerging markets with battery prowess
- 4 South Korean President Lee, Japanese Prime Minister Ishiba seek closer ties
- 5 Naver Ventures to plant flag in Silicon Valley with TwelveLabs bet