French silicon cathode materials startup
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Korean startups
Fabless startup FADU eyes unicorn status with $157 mn funding
FADU Technology, a fabless startup that develops architecture for solid-state drive (SSD) controllers and storage products, is seeking to raise 200 ...
May 06, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Quantum computing firm IonQ hit by short seller report
IonQ Inc., a US-listed quantum computing firm, has become a new target of short selling-focused Scorpion Capital, taking a hit from the US hedge fun...
May 05, 2022 (Gmt+09:00)
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Automobiles
Hyundai Motor, battery firms strive to limit China lockdown disruptions
The growing fears of a Beijing lockdown are prompting South Korea’s top automaker Hyundai Motor Co. and battery makers, already suffering from...
May 02, 2022 (Gmt+09:00)
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Korean startups
Retail investment amount in startups triples on-year in Q1
South Korea’s retail investors are increasingly more bullish in startups than in manufacturing or retail firms. The Ministry of SMEs an...
Apr 28, 2022 (Gmt+09:00)
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Batteries
LG Energy to spend more on battery capacity expansion
LG Energy Solution Ltd., the world’s second-largest electric vehicle battery maker, plans to spend more on global capacity expansion than init...
Apr 27, 2022 (Gmt+09:00)
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Korean startups
Yoon admin to launch special startup-support track
The incoming Yoon Suk-yeol administration will lend extra support to the startup ecosystem – biotech and artificial intelligence firms in part...
Apr 27, 2022 (Gmt+09:00)
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Steel
Dongkuk buys 15% stake in Vietnamese steel fabricator
Dongkuk Steel Mill Co., South Korea’s leading color-coated steel manufacturer, said on Wednesday it has acquired a 15% stake in VSSC Steel Cen...
Apr 27, 2022 (Gmt+09:00)
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Korean stock market
Foreign ownership of Korean shares hits lowest level since 2010
Foreign investors’ holding rate in South Korea’s main bourse Kospi has plunged to the lowest level since 2010. The investors have dispos...
Apr 26, 2022 (Gmt+09:00)
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Korean startups
Startup accelerator Klim Ventures secures $4 mn in bridge capital
South Korea’s startup accelerator Klim Ventures announced Tuesday it has secured 5.5 billion won ($4 million) worth of bridge capital. ...
Apr 26, 2022 (Gmt+09:00)
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Venture capital
S.Korean accelerators FuturePlay and Bluepoint Partners rev up for IPOs
South Korea’s two well-known accelerators FuturePlay and Bluepoint Partners are preparing for initial public offerings, buoyed by record high ...
Apr 25, 2022 (Gmt+09:00)
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Batteries
LG Chem, Korea Zinc to set up battery material JV
LG Chem Ltd. and Korea Zinc Inc. will set up a joint venture to produce precursor, a key material in the production of cathode materials for electri...
Apr 24, 2022 (Gmt+09:00)
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Korean startups
Online education startup Day 1 Co. completes $28 mn Series D funding
Education content provider Day 1 Company announced Thursday it has completed a Series D funding worth 35 billion won ($28 million.)A number of ventu...
Apr 22, 2022 (Gmt+09:00)
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IPOs
Korea’s tough IPO review drives bio startup to Nasdaq
A South Korean bio startup is aiming for a Nasdaq listing, deeming that the country’s exchange sets the bar too high for an initial public off...
Apr 22, 2022 (Gmt+09:00)
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Korean startups
Top-ranking S.Korean universities become hotbeds for promising startups
South Korean universities have become hotbeds for promising startups. Leading the trend are two of the country's best-known higher education ...
Apr 21, 2022 (Gmt+09:00)
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Venture capital
KDB resumes global venture IR event in Singapore
South Korea’s state-run Korea Development Bank (KDB) said on Thursday that KDB NextRound, the bank’s venture investment platform, will h...
Apr 21, 2022 (Gmt+09:00)
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Bio & Pharma
Boryung takes 'health is wealth' to whole new level – space
South Korean biotech and pharmaceutical companies are expanding their footholds in the global space medicine market. Boryung, formerly Boryung Pharm...
Apr 20, 2022 (Gmt+09:00)
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Future mobility
Hyundai Motor expands partnership with quantum computing firm IonQ
IonQ and Hyundai Motor Co. announced a new project on Wednesday designed to apply quantum machine learning to image classification and 3D object det...
Apr 20, 2022 (Gmt+09:00)
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Corporate restructuring
SK’s gas unit to sell production facility for $809 mn
South Korean conglomerate SK Group’s industrial gas-making unit is set to sell a local production facility for about 1 trillion won ($809 mill...
Apr 19, 2022 (Gmt+09:00)
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Batteries
LG Energy-led group to set up $9 bn Indonesia battery value chain
A consortium led by LG Energy Solution Ltd., the global No. 2 electric vehicle battery maker, will invest $9 billion in a battery value chain in Ind...
Apr 18, 2022 (Gmt+09:00)
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Venture capital
US and German startups funded by Mirae Asset join ranks of unicorns
Mirae Asset Venture Investment Co. is forecast to rake in more than 400 billion won ($325 million) for its investment in Moloco Inc. Mirae As...
Apr 15, 2022 (Gmt+09:00)
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Real estate
Warehouses pile financial burden on investment firms
South Korea’s logistics centers are ramping up the financial pressure on real estate investment firms. Previously a favored property type, i...
Apr 15, 2022 (Gmt+09:00)
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Korean startups
S.Korea’s luxury e-commerce startups poised to become unicorns
South Korea’s e-commerce startups are enjoying massive hikes in their valuations on the back of robust online spending by millennials and memb...
Apr 14, 2022 (Gmt+09:00)
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IPOs
Kakao's game unit behind Odin valued at $2.7 bn before IPO
Lionheart Studio Corp., the firm behind South Korea’s popular mobile game Odin, is preparing to go public as early as this year, with its ente...
Apr 12, 2022 (Gmt+09:00)
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Korean startups
Creator tech startup Awake Corp. attracts over $892,000 in seed funding
Awake Corp., a startup that operates platforms to assist online creators, recently attracted 1.1 billion won ($892,473) in seed capital. The total a...
Apr 12, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Hahn & Co. buys Korean food startup in bolt-on deal
Seoul-based private equity firm Hahn & Co. has acquired a South Korean meal kit provider for 75 billion won ($61 million), a deal expected to bo...
Apr 12, 2022 (Gmt+09:00)
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ESG bonds
POSCO Chemical to raise $244 mn in green bonds
POSCO Chemical Co., South Korean steelmaker POSCO Group’s chemical and battery material unit, said on April 8 that it will issue green bonds w...
Apr 08, 2022 (Gmt+09:00)
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Batteries
POSCO Chem breaks ground for battery material plant
South Korea’s POSCO Chemical Co. started construction of a battery material plant in the country as a part of its plan to boost production cap...
Apr 07, 2022 (Gmt+09:00)
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Korean startups
Startups need to embrace ESG, industry insiders say
Environmental initiatives such as RE100 and high Environmental, Social, and Governance (ESG) standards are not just for conglomerates anymore, accor...
Apr 06, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Morgan Stanley PE closes first Korean buyout in 8 yrs
Morgan Stanley Private Equity has acquired a South Korean dietary supplements maker Life & Bio Co., in its first Korean buyout deal in eight yea...
Apr 06, 2022 (Gmt+09:00)
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Venture capital
Venture capitalists in S.Korea enjoy record salaries in 2021
South Korea’s venture capitalists put record high investments into startups last year. Thanks to positive returns on investments, a number o...
Apr 04, 2022 (Gmt+09:00)
Latest News
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- 4 Korea to allow non-profits to buy bad consumer loans
- 5 LG to drive future growth in emerging markets with battery prowess