LG Chem to power Wuxi plant with renewable energy bought from China

LG Chem to power Wuxi plant with renewable energy bought from China

South Korea's LG Chem Ltd. says it will power its battery component plant in China with renewable energy as part of its goal to be carbon neutral by...

Seoul shares tipped to benefit from global indices' China exclusions

Seoul shares tipped to benefit from global indices' China exclusions

Global index providers' recent decisions to remove Chinese companies from their benchmarks are expected to draw additional global and institutional ...

Korea’s KIP eyes Europe, China VC fund launches in 2021

Korea’s KIP eyes Europe, China VC fund launches in 2021

Korea Investment Partners Co. (KIP), South Korea’s largest venture capital firm, is aiming to launch two overseas investment funds next year &...

Venture capital investments hit all-time high in S.Korea

Venture capital investments hit all-time high in S.Korea

Venture capital investments in South Korea are seeing a speedy recovery after facing a setback earlier this year due to the COVID-19 crisis. Over th...

MBK looks to exit China’s Apex Logistics for $1 bn

MBK looks to exit China’s Apex Logistics for $1 bn

MBK Partners has begun the process to sell Apex Logistics, China’s leading air freight company, for about 10 times the amount of its investmen...

S.Korean games, entertainment eye China return after 3-year ban

S.Korean games, entertainment eye China return after 3-year ban

South Korea's game and entertainment companies saw their share prices surge on rising expectations of a return to the Chinese market after a Korea...

MBK buys $228 mn stake in China’s No. 1 car rental firm

MBK buys $228 mn stake in China’s No. 1 car rental firm

MBK Partners has now become the second-largest shareholder in both of China’s two biggest rental car companies after purchasing a 20.86% stake...

Mirae Asset wins lawsuit against China’s Anbang over $5.8 bn US hotel deal

Mirae Asset wins lawsuit against China’s Anbang over $5.8 bn US hotel deal

Mirae Asset Global Investments Co. will be able to recover a $580 million deposit it paid to Anbang Insurance Group for a $5.8 billion deal to buy 1...

LG Chem, China’s CATL neck and neck in race for top battery player’s spot

LG Chem, China’s CATL neck and neck in race for top battery player’s spot

Global competition for the world’s top spot for the manufacture of electric-vehicle batteries is getting fiercer as major players in South Kor...

SK Innovation opens 2nd China battery plant, eyes world’s top 3 spot

SK Innovation opens 2nd China battery plant, eyes world’s top 3 spot

SK Innovation Co. has begun operating its second electric vehicle battery plant in China as the South Korean company expands its presence in the wor...

Hyundai Motor eyes entry into China’s hydrogen truck market, signs MOU

Hyundai Motor eyes entry into China’s hydrogen truck market, signs MOU

Hyundai Motor Co. has signed two initial agreements with several Chinese companies toward establishing business platforms for hydrogen trucks in China...

Hyundai Corp to rival China's CRCC in bid for $18 bn Ukrainian infra deal

Hyundai Corp to rival China's CRCC in bid for $18 bn Ukrainian infra deal

South Korea’s trading company Hyundai Corporation will face China’s Railway Construction Corporate (CRCC) in a bid to secure an $18 billio...

Why Korea struggles to manage the US, China

Why Korea struggles to manage the US, China

As the United States and China fight like proverbial whales in the ocean, middle power dolphins like South Korea must strategize to avoid being crushe...

US-China tensions push S. Korea to find middle way

US-China tensions push S. Korea to find middle way

The US and China trade disputes are unlikely to fade, whoever wins the Nov. 3 US presidential election, and South Korea needs to find a middle way bet...

China’s CATL poised to overtake LG Chem as top EV battery maker

China’s CATL poised to overtake LG Chem as top EV battery maker

Global competition for the world’s top spot for the manufacture of rechargeable batteries is getting fiercer as China is stepping up efforts to ...

Gangneung, South Korea’s coffee capital

Gangneung, South Korea’s coffee capital

Wanna come to Gangneung for a sip of tasty coffee?For some 20 years, Gangneung has been the city of coffee for many Koreans.Located on the other side ...

Busan, where the city and nature meet

Busan, where the city and nature meet

I came to Korea in 2014 from a small country in Africa called Benin. I like to travel so I’ve visited Jeju, Seoul and Busan but this time I deci...

Travel Diary Gimcheon, Gumi

Travel Diary Gimcheon, Gumi

Gimcheon thrills with recreational sports offeringsA sudden cold spell made me shiver, but I was excited on my way to Gimcheon and Gumi. It takes only...

Hyundai Capital sells $2.5 bn dollar bond; Tongyang Life issues $300 mn perpetual bond

Hyundai Capital sells $2.5 bn dollar bond; Tongyang Life issues $300 mn perpetual bond

Hyundai Capital America, the US capital arm of Hyundai Motor Group, has issued $2.5 billion worth of global bonds, the largest amount for a local comp...

Korean chipmakers rewrite China business strategy amid US trade ban

Korean chipmakers rewrite China business strategy amid US trade ban

South Korean chipmakers and display manufacturers will lose a major client in China when US trade sanctions targeting the technology giant Huawei Tech...

Bakery franchise Tous Les Jours draws Affirma Capital, chemical group as bidders

Bakery franchise Tous Les Jours draws Affirma Capital, chemical group as bidders

Bakery franchise Tous Les Jours, a division of CJ Foodville Corp., has drawn four preliminary bidders for its sale, including Singapore-based Affirma ...

Korean airlines zoom in on China routes, target transit passengers

Korean airlines zoom in on China routes, target transit passengers

South Korean airlines are buckling down to resume flights to and from China to satisfy the demands of Korean businesspeople and overseas resident...

Online portal Naver steps up Europe startup investment against US, China

Online portal Naver steps up Europe startup investment against US, China

South Korea’s largest internet portal Naver Corp. has committed 110.4 billion won ($93 million) to two Europe-focused startup funds since late l...

Sale of Korea’s bank debentures hits all-time high as capital reserves shrink

Sale of Korea’s bank debentures hits all-time high as capital reserves shrink

Bond issuance by South Korean banks has risen to a record high as banks move to secure adequate capital to ride out any short-term liquidity disruptio...

Korean banks’ Q2 capital ratio drops for third straight quarter

Korean banks’ Q2 capital ratio drops for third straight quarter

The average capital adequacy ratio of South Korean banks declined in the April-June period for the third consecutive quarter, weighed by rising corpor...

Lotte Corp's corporate bond issue raises staggering $665 mn in demand

Lotte Corp's corporate bond issue raises staggering $665 mn in demand

South Korean conglomerate Lotte Corporation saw overwhelming demand of 790 billion won ($665 million) from institutional investors on the issuing of c...

Lotte Corp to include ESG bonds in $126.5 mn corporate bond offering in September

Lotte Corp to include ESG bonds in $126.5 mn corporate bond offering in September

Lotte Corporation is set to become the first South Korean holding company to issue environmental, social, and governance (ESG) bonds, according to inv...

Shinsegae International acquires a 100% stake in high-end cosmetics brand Swiss Perfection

Shinsegae International acquires a 100% stake in high-end cosmetics brand Swiss Perfection

 Korean fashion and beauty business Shinsegae International Co., Ltd has acquired a 100% stake in Swiss Perfection, a high-end cosmetics brand ba...

Mirae Asset co-leads $100 mn financing for China’s biotech startup

Mirae Asset co-leads $100 mn financing for China’s biotech startup

Mirae Asset Financial Group has invested $28 million in Shanghai-based biotechnology startup JW Therapeutics, about a quarter of $100 million financin...

NPS boosts private debt and venture capital investment in Q1

NPS boosts private debt and venture capital investment in Q1

The National Pension Service (NPS) has beefed up investments in private debt and venture capital funds by adding Antares Capital Advisers and Insight ...

S.Korea’s extra budget approved; IBs lift economic forecast BTS’ Suga, MLB star Chan Ho Park to join Oakland Athletics as shareholders Celltrion secures $730 mn to buy biosimilar unit shares, pursue M&A Korean commercial act revision to drive reevaluation of equities: J.P. Morgan S.Korea to elevate science minister to deputy prime minister to lead in AI race