Nexon invests $400 mn in Avengers directors' film company

Online game developer Nexon Co. has completed a $400 million investment in AGBO, a US entertainment company founded by Avengers film series co-direc...

IGIS invests in Kakao Enterprise for AI-embedded real estate

IGIS Asset Management Co. and its venture capital affiliate are slated to invest 10 billion won ($8.3 million) in Kakao Enterprise Corp., an artific...

LG welcomes Samsung’s likely re-entry into OLED TV market

Samsung Electronics Co.'s expected re-entry into the OLED TV market will further expand the growing segment, which is gaining popularity in the...

Export-Import Bank of Korea eyes $3 bn global bond sale

The Export-Import Bank of Korea (KEXIM) is planning to sell up to $3 billion worth of new global bonds this week, tipped to be the largest-ever bond...

Former K-pop dancer turns to AI for personal training services

When Dia Kang first moved to Silicon Valley in October 2016 to create a dance app to learn K-pop moves, there was no worldwide pandemic. By Jan...

From TV to window: New displays from Samsung and LG

Samsung Electronics Co. and LG Display Co., the two archrivals in the TV panel market, are unveiling new displays with enhanced picture and sound qu...

Hyundai to launch Level 3 self-driving Genesis G90 in H2

Hyundai Motor Co., South Korea’s top automaker, aims to roll out mass-produced hands-free Level 3 self-driving cars, starting with the flagshi...

Big 3 Korean shipbuilders win largest orders in 8 yrs

South Korea's three major shipbuilders in 2021 have received their largest amount of orders in eight years, surpassing their targets by 45%, accordi...

Hyundai Oilbank to sell fuels to Hawaii in first term deal with US

South Korean refiner Hyundai Oilbank Co. is set to export gasoline and diesel to Hawaii next year through its first term contract to sell petroleum ...

Kolon resumes Invossa phase 3 clinical trials in US

Kolon TissueGene Inc., the cell therapies unit of South Korean pharmaceutical company Kolon Life Science Inc., said on Dec. 28 it has resumed admi...

KFCC to increase alternative assets to 40% in three years

MG Korean Federation of Community Credit Cooperatives (KFCC) will gradually increase its alternative investment proportion from the current early 30...

VCs in Korea shell out in search of next unicorns

2021 has been a heyday for Korea’s startup ecosystem – especially for the VCs that invest in it. In the first three quarters of this ye...

LG Display OLED TV panel sales top 20 mn units on strong demand

South Korea’s major display panel maker LG Display Co. is estimated to have sold more than 20 million units of organic light-emitting diode (O...

Strong Ventures, KB Investment invest in K-pop metaverse

South Korea’s KB Investment Co. and US venture capitalist Strong Ventures LLC have invested in Stan World, a K-pop metaverse platform operator...

Dunamu, Naver Z invest $8.5 mn in metaverse firm Persona Space

Persona Space, a subsidiary of South Korean metaverse company Galaxy Corp., said on Dec. 16 it has attracted 10 billion won ($8.5 million) investm...

Korea’s MedPacto, Merck plan phase 3 trials of colorectal cancer drug

MedPacto Inc., a South Korean biotechnology company that develops therapeutics for cancer and autoimmune diseases, has agreed with global drugmaker ...

Foreigners buy Kospi futures to raise bullish bets on Korea stocks

Foreigners bought Kospi 200 futures contracts on “quadruple witching day," the quarterly simultaneous expiration of South Korean options and f...

ViacomCBS, CJ ENM join hands to expand global businesses

ViacomCBS Inc., one of the top four US media conglomerates, and CJ ENM Co., South Korea’s entertainment powerhouse, have teamed up to expand t...

Korean wage growth increases inflationary pressure

South Korea’s wage growth in the third quarter hit its highest point in three and half years, adding to inflationary pressure in Asia’s ...

NPS, LaSalle jointly buy UBS Group London HQ for £1.3 bn

South Korea’s National Pension Service (NPS) and global real estate investment firm LaSalle Investment Management Inc. have agreed to acquir...

Halla’s autonomous driving unit HL Klemove eyes $3.4 bn sales by 2030

Halla Group’s newly-launched autonomous driving solutions subsidiary HL Klemove targets 4 trillion won ($3.4 billion) in revenue by 2030 by ac...

GS Retail invests $55 mn in Kakao Mobility to boost online presence

GS Retail Co. is investing 65 billion won ($55 million) in Kakao Mobility Corp., South Korea's No.1 taxi-hailing app, adding to its recent series of...

Korean inflation nears 10-year peak in November, fanning rate hike views

South Korea’s consumer inflation hit a near-decade peak in November, fanning expectations that the central bank will raise interest rates agai...

Market Kurly raises $200 mn at over $3 bn valuation

Kurly Inc., an operator of South Korea's online grocery delivery service Market Kurly, has raised 250 billion won ($212 million) in pre-IPO funding ...

SK’s holding firm completes merger with materials arm

SK Inc., the investment and holding company of South Korea’s conglomerate SK Group, completed the merger with SK Materials Co. with aim to exp...

Domestic NFT art sale surpasses 3.5 bitcoin; concerns of market turbulence

Last week, a piece of non-fungible token art by digital artist Jang Koal was sold for more than 3.5 bitcoin or around 200 million won ($168,314) on ...

Doosan aims to raise $1.3 bn in rights offering

Doosan Heavy Industries & Construction Co., South Korean conglomerate Doosan Group’s subsidiary, agreed to raise 1.5 trillion won ($1.3 ...

S.Korea leaves Asian crisis behind with Woori privatization

Two decades after the onset of the 1997-98 Asian financial crisis, the state-run Korea Deposit Insurance Corporation (KDIC) is finally set to privat...

Hellbound tops Netflix global TV series list within 24 hours

Netflix's original South Korean drama series Hellbound topped the platform’s global chart within a day of its Nov. 19 release, much faster tha...

Samsung Biologics wins another Eli Lilly COVID treatment order

Samsung Biologics Co., a global contract development and manufacturing organization (CDMO), has stepped up its partnerships with global big pharmas ...