POSCO Chemical, Britishvolt sign initial deal for battery materials

POSCO Chemical Co., a unit of South Korea’s top steel maker, and UK electric vehicle startup Britishvolt Ltd. have signed an initial agreement...

Korea’s Socar gets pushback for high valuation ahead of IPO

South Korea’s mobility unicorn Socar Inc. faces controversy over its valuation after the car-sharing startup set the price guidance for its in...

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...

Korean startups rely on word-of-mouth marketing for overseas penetration 

Thanks to what some economists dub a borderless economy, more South Korean startups than ever before are looking beyond the peninsula. Seoul-ba...

Hyundai showcases IONIQ 6, electrified streamliner

Hyundai Motor Co. on Wednesday unveiled the design of the IONIQ 6, its first all-electric sedan on an exclusive EV platform, with which South Korea&...

Shilla Duty Free targets Chinese shoppers with Alibaba

The Shilla Duty Free Shop, the world’s No. 3 duty-free chain, has joined hands with a Chinese e-commerce giant to attract some 158 million cro...

Mobility platform Socar targets $1.2 bn value for Aug IPO

South Korea’s car-sharing platform Socar Inc. has estimated its corporate value at up to 1.6 trillion won ($1.2 billion) for an initial public...

Hyundai, Kia set for record profit with lower incentives than Toyota

South Korea’s two largest automakers – Hyundai Motor Co. and Kia Corp. – are expected to post their highest ever profit for the se...

LG Electronics, GS acquire AppleMango to launch EV charging business

LG Electronics Inc., in partnership with GS Group, is advancing into the electric vehicle charging service market by acquiring AppleMango Co., a Sou...

Translink: Startup fundraising barely affected by economic downturn

Venture capital, or the business of investing in innovative private companies with growth potential, is a local endeavor most of the time.While this...

K-beauty sales see sharp drop at China's major shopping event

South Korean cosmetics giants failed to win over Chinese consumers at the 618 Shopping Festival, one of the largest online annual shopping events in...

Pharma companies jump into $3 bn pet care market

South Korean pharmaceutical companies are jumping into the animal medicine and diagnostics market to target the rapidly growing pet care market, whi...

Top Korean companies’ new battlefield: Used car market

Hyundai Motor Co., Lotte Rental Co., and KB Financial Group, the No. 1 players in each of their sectors, are gearing up to fight in a new arena &nda...

Samsung to fuel rivalry with Sony in mobile image sensor market

Samsung Electronics Co. is set to narrow the gap with bigger competitor Sony in the global image sensor market. The South Korean tech giant introduc...

Retailers rely on property redevelopment as earnings sag

South Korea’s large retailers are keen on redeveloping their decades-old stores into modern residential and commercial complexes as a way out ...

Carve-out, bolt-on key themes driving M&As: BDA Partners

Amid escalating market uncertainties, M&As are not just a growth tactic but survival tools for businesses, Euan Rellie, co-founder and managing ...

[ASK 2022]  Tailored strategies outperform in European credit market: Arrow Global

 As a leading European private credit asset manager, Arrow Global operates its own servicing platforms that most accurately fit E...

Falling nickel prices: A boon for Korean battery makers over Chinese rivals

South Korea’s three battery players – LG Energy Solution Ltd., SK On Co. and Samsung SDI Co. – are getting a tailwind from the fal...

Seoul poised to paint over Hong Kong in fine arts

Back in 2013, Hong Kong painted itself as the uncontested leader in Asia’s art scene – over Singapore, Shanghai, and Tokyo. Art Bas...

Lotte Tour sees turnaround on higher property value

South Korea's Lotte Tour Development Co. has decided to book 568 billion won ($440 million) in valuation gains from its stake ownership of the land ...

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 ...

Pet health: Korean genetic testing firms' new target market

South Korean direct-to-consumer (DTC) genetic testing companies are rushing to the veterinary diagnostics market where they see greater potential gr...

Why India’s top talent chose S.Korea for launch of edutech startup

TagHive Inc. is an education technology startup building a bridge between South Korea and India. The company’s founder and CEO Pankaj Aga...

Samsung SDI to develop cylindrical batteries for Tesla, other EV makers

Leading South Korean battery maker Samsung SDI Co. is ramping up facilities for cylindrical batteries to supply its products to Tesla Inc. and oth...

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...

LG Display to raise $1 billion to ramp up OLED module line in Vietnam

LG Display Co., a major South Korean display panel maker, said on Wednesday it is raising $1 billion in new funding from global banks to expand its ...

Voice Caddie, Daol PE acquire US golf grip brand SuperStroke

Voice Caddie, a South Korean maker of golf course rangefinders and related golf products, and Daol Private Equity are jointly acquiring SuperStroke,...

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...

Renault confident of Korean sales recovery; looks to larger cars

When French carmaker Groupe Renault dropped Samsung from its South Korean unit's company name in March, it aroused worries that the firm may not be ...

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...