Gallery Hyundai paints new chapter with NFT

Gallery Hyundai paints new chapter with NFT

South Korea’s Gallery Hyundai paints a new future by incorporating NFT (non-fungible token.)  The country’s first commercial art g...

Shopping platform Queenit receives $43 mn funding from VC juggernauts

Shopping platform Queenit receives $43 mn funding from VC juggernauts

Online shopping platform Queenit recently received 36 billion won ($30 million) from Kakao Ventures Corp., SoftBank Ventures Korea Corp. and more,...

Kakao to launch webtoon service Piccoma in France

Kakao to launch webtoon service Piccoma in France

Kakao Corp. announced Sunday that it plans to launch the European version of its webtoon subscription service in either April or May of this year....

Korea's Toss targets SE Asia, Japan with super app

Korea's Toss targets SE Asia, Japan with super app

South Korea's mobile financial platform Toss is evolving from a payment service app into a full-fledged financial service provider, or a super app, ...

Korea’s GS E&C to export hydrogen plant modules to US

Korea’s GS E&C to export hydrogen plant modules to US

GS Engineering & Construction Co. will export hydrogen plant modules to the US, becoming the first South Korean builder for such overseas sales....

Zuckerberg-backed family office bets on Korean golf platform

Zuckerberg-backed family office bets on Korean golf platform

ICONIQ Capital, a US family office backed by Meta founder and CEO Mark Zuckerberg, has invested 50 billion won ($42 million) in Smartscore, a South ...

Warehouse deals in greater Seoul area hit record high in Q4

Warehouse deals in greater Seoul area hit record high in Q4

The total deal volume of Seoul metropolitan area-based grade-A logistics centers hit a record high of 7.2 trillion won ($6.1 billion) last year. A g...

STIC injects $168 mn in pre-unicorn Musicow

STIC injects $168 mn in pre-unicorn Musicow

Music copyright trading platform Musicow Inc. has attracted a 200 billion won ($167.9 million) investment from Korea’s private equity firm STI...

Lotte Group aims for top spot in metaverse retail space

Lotte Group aims for top spot in metaverse retail space

Lotte Group Chairman Shin Dong-bin is known for his obsession with new tech gadgets.He’s one of those early adopters in South Korea of the Ocu...

Hyundai Motor aims to triple Genesis G90 sales by 2023

Hyundai Motor aims to triple Genesis G90 sales by 2023

Hyundai Motor Co. said on Thursday it aims to triple the global sale of the Genesis G90 over the next couple of years by launching the flagship luxu...

E-Land sells Shanghai warehouse for $2.2 bn to lower debt ratio

E-Land sells Shanghai warehouse for $2.2 bn to lower debt ratio

Retail conglomerate E-Land Group completed selling its first overseas logistics center in Shanghai for about 1.4 billion Chinese yuan ($2.2 billion)...

Hyundai E&C to inject $343 mn in Hilton Seoul redevelopment

Hyundai E&C to inject $343 mn in Hilton Seoul redevelopment

  Hyundai Engineering & Construction Co. (Hyundai E&C), a construction giant under Hyundai Motor Company, will invest 409.9 billion wo...

Dubai sovereign fund injects $52 mn in debt-laden Ssangyong E&C

Dubai sovereign fund injects $52 mn in debt-laden Ssangyong E&C

Ssangyong Engineering & Construction Co. has raised 62.1 billion won ($51.6 million) in a rights issue from its largest shareholder Investment C...

Hyundai Heavy partners with Palantir for big data platform

Hyundai Heavy partners with Palantir for big data platform

South Korea’s Hyundai Heavy Industries Group joined forces with US data analytics firm Palantir Technologies Inc. to set up a big data platfor...

SK Telecom taps AI expert as new technology chief

SK Telecom taps AI expert as new technology chief

SK Telecom Co., South Korea's top mobile carrier, has tapped its e-commerce arm's chief executive and artificial intelligence (AI) expert Lee Sang-h...

Korea to join Egypt’s 1st nuclear power plant project

Korea to join Egypt’s 1st nuclear power plant project

South Korea is set to participate in Egypt’s first nuclear power plant project built by Russia as a state-run Korea Hydro & Nuclear Power ...

E-Mart in exclusive talks to buy US food company

E-Mart in exclusive talks to buy US food company

South Korea's largest supermarket chain E-Mart Inc. has spent nearly $4 billion on acquisition deals so far this year, including the $3 billion purc...

Coupang embraces affordable fashion industry

Coupang embraces affordable fashion industry

Korea’s e-commerce giant Coupang is looking to tap into the country’s mid-range fashion market. The company is now reversing the ...

Korean unicorns jump fivefold in four years with record investment in 2021

Korean unicorns jump fivefold in four years with record investment in 2021

Investment in South Korean startups hit an all-time high in 2021 as the number of new unicorns, unlisted companies with a valuation topping $1 billi...

GS E&C secures €70 mn green loan from BNP Paribas for warehouses

GS E&C secures €70 mn green loan from BNP Paribas for warehouses

South Korea’s construction conglomerate GS Engineering & Construction (GS E&C) said on Dec. 16 it has become the first Korean constr...

Kakao buys Asia fantasy fiction platform giant Wuxiaworld

Kakao buys Asia fantasy fiction platform giant Wuxiaworld

South Korea’s Kakao Entertainment Corp. has bought the world’s top Asian fantasy web novel platform Wuxiaworld, based in the US, to expa...

Hyundai Oilbank attracts $20 million from Palantir ahead of IPO

Hyundai Oilbank attracts $20 million from Palantir ahead of IPO

South Korean refiner Hyundai Oilbank Co. has attracted $20 million in investment from US data analytics firm Palantir Technologies Inc. ahead of its...

Hyundai Mobis to unveil two future concept cars via metaverse at CES 2022

Hyundai Mobis to unveil two future concept cars via metaverse at CES 2022

South Korea’s largest auto parts maker Hyundai Mobis Co. said on Wednesday it is unveiling two future mobility concept cars at the upcoming CE...

Hyundai to bolster in-car video services with CJ ENM

Hyundai to bolster in-car video services with CJ ENM

Drivers of Hyundai Motor Co. and Kia Corp. are set to enjoy their favorite original TV shows and dramas in-vehicle in near real-time, created by Sou...

Cosmetics brands shift to video influencers from celebrities

Cosmetics brands shift to video influencers from celebrities

 As influencers on YouTube and social media platforms are becoming central to the marketing efforts of companies, South Korean cosmetics brands...

Kakao extends rivalry with Naver into digital healthcare

Kakao extends rivalry with Naver into digital healthcare

Kakao Corp., an operator of South Korea's top mobile messenger app KakaoTalk, has set its sights on the digital healthcare market, launching an in-h...

Kakao buys startup Grip, fueling e-commerce push

Kakao buys startup Grip, fueling e-commerce push

South Korea's Kakao Corp. has acquired a live streaming e-commerce app Grip Co. to beef up its online shopping business, considered the weakest spot...

Softbank joins $190 mn fundraising by Naver metaverse platform

Softbank joins $190 mn fundraising by Naver metaverse platform

Naver Corp.’s metaverse platform secured $190 million from Softbank and other investors to expand its business in a market marked by fierce co...

Gaming platform Planetarium attracts $42 mn, valued at $293 mn

Gaming platform Planetarium attracts $42 mn, valued at $293 mn

South Korea’s non-fungible token (NFT)-based open source gaming platform Planetarium, under Nine Corp. Inc., is slated to attract around 50 ...

KoreaCenter acquires Danawa, paving way for MBK’s bolt-on deal

KoreaCenter acquires Danawa, paving way for MBK’s bolt-on deal

KoreaCenter Co. has been named the new owner of Danawa Co., one of South Korea’s first-generation e-commerce platforms – a move that is ...

Goldman Sachs acquires Mercure Ambassador: 1st stint with Korean hotel sector S.Korea’s pension fund NPS posts much weaker returns amid US tariff concerns S.Korea names budget veteran as finance minister to prop up economy KKR in control feud over Korea’s top solar power plant Hanwha Systems to compete with LIG Nex1 for Korean version of Iron Dome