Koramco, Fi-public to collaborate on mobile REIT investment
South Korea's Koramco REITs Management and Trust announced on Friday that it plans to launch a personal REIT investment service utilizing a mobile p...
LG Uplus to ramp up AI investment by up to 40% in 2024
SILICON VALLEY – LG Uplus Corp., the third-largest mobile carrier in South Korea seeking to transform into a platform company, will expand its...
Korea to offer $5 bn insurance for defense exports
South Korea will provide more than 7 trillion won ($5 billion) in insurance this year for domestic defense companies' exports as the country aims to...
Daesung PE tops Korean venture funds by return in 2018-2023
Daesung Private Equity Inc. in South Korea has become the top local venture capital manager in terms of realized capital gain between 2018 and 2023,...
Paradigm Shift attracts $290k seed bridge investment
Paradigm Shift, the operator of the exercise diary app for middle-aged women Heroines, announced on Monday that it attracted a seed bridge investm...
Coupang to raise membership fees, 1st hike in over 2 years
Coupang Inc., South Korea’s largest e-commerce platform, said on Friday it will raise membership fees 58.1% to 7,890 won ($5.7) per month as i...
Bio startup ArtBlood attracts $4.8 mn investment
South Korean bio startup ArtBlood, specializing in blood production for transfusion, announced on Tuesday that it successfully secured an investment...
Carlyle’s Rubenstein sees commercial real estate undervalued
The US commercial real estate market is undervalued relative to other sectors amid elevated interest rates, while Big Tech stocks could take a breat...
Korean companies’ 2024 facility investment doubles to $39.4 billion
South Korea’s major companies invest heavily in facilities to seek new growth engines and drive up their corporate value amid tough business c...
Samsung to more than double chip investment in Texas
Samsung Electronics Co. plans to more than double its total semiconductor investment in Texas to about $44 billion to add an advanced semiconductor ...
S.Korea’s current account surplus near 3-year high on chips
South Korea’s current account surplus touched a near three-year high in February as goods exports continued to grow on strong overseas sales o...
Korea’s Shinhan to invest $180 mn in India’s HDFC Credila
South Korea’s Shinhan Bank is set to invest $180 million in HDFC Credila Financial Services Ltd., India’s largest education loan provide...
LG’s $5.5 billion LFP, ESS battery plants in Arizona to kick off in 2026
LG Energy Solution Ltd., the world’s second-largest battery maker, said on Thursday its 7.2 trillion won ($5.5 billion) battery complex in Ari...
Hyosung TNC to invest $1 bn in new bio-fiber plants in Vietnam
Hyosung TNC Corp., the world’s top spandex maker, plans to invest $1 billion in new bio-textile materials plants in Vietnam to accelerate its ...
Sandy Floor gets seed round from Kakao Ventures
South Korea’s casual multiplayer game developer Sandy Floor Games announced on Wednesday that it got a seed round investment from Kakao Ventur...
Korea's Military Mutual Aid Association starts search for new CIO
South Korea’s Military Mutual Aid Association (MMAA), which managed 10.4 trillion won ($7.7 billion) in assets as of the end of 2023, said on ...
AhnLab to form joint venture with Saudi SITE
AhnLab Inc., South Korea's information security solutions company, announced on Monday that it signed an agreement to establish a joint venture (JV)...
NH Investment gets APEC Cross Border Privacy Rules
South Korea's NH Investment & Securities announced Friday that it obtained the global personal information protection certification APEC Cross-B...
Korea’s factory output rebounds in February on chip recovery
South Korea’s factory activity last month bounced back in three months thanks to strong recovery in the country’s semiconductor sector b...
Hyundai Motor aims for next takeoff with $51 billion investment
Hyundai Motor Group plans to spend 68 trillion won ($51 billion) and hire 80,000 new employees over three years as South Korea’s top automaker...
LG Group earmarks $74 bn for 5-year investment in Korea
LG Group, South Korea’s No. 4 conglomerate, on Wednesday announced a plan to invest 100 trillion won ($74 billion) through 2028 in its future ...
Korea’s POSCO Int’l to work on CCUS, hydrogen businesses
POSCO International Corp., the general trading and resources exploration subsidiary of South Korea’s steel giant POSCO Holdings Inc., aims to ...
SM Entertainment founder invests $5.2 million in Mindlogic
K-pop pioneer SM Entertainment Co.'s founder and former Chief Producer Lee Soo-man is expected to invest up to 10 billion won ($7.5 million) in Mind...
Korea’s EcoPro invests $11 mn in Indonesian nickel smelter
South Korea’s leading electric vehicle battery materials producer EcoPro Group is expanding its investment in Indonesia for stable procurement...
MBK secures $1 bn refinancing on Homeplus from Meritz
MBK Partners, the North Asia-focused private equity firm, has refinanced all of its 1.3 trillion won ($1 billion) loans on Homeplus with a new one f...
POSCO new chief vows to keep fostering battery materials business
POSCO Holdings Inc.'s new Chairman Chang In-hwa on Thursday pledged to keep fostering its electric vehicle battery materials business, the group&rsq...
LG injects $97 mn into Vista Equity’s fund for new tech investments
LG Group, South Korea’s fourth-largest conglomerate, injected $97 million into a fund run by Vista Equity Partners Management LLC for investme...
Daishin to sell its headquarters at $493 mn to NH-Amundi
South Korea’s Daishin Securities Co. is set to sell its headquarters office to NH-Amundi Asset Management Co. for 660 billion won ($492.6 mill...
Samsung invests in BrickBio in US
Samsung Group announced on Tuesday that its Life Science Fund has invested in the US-based antibody-drug conjugates (ADC) and gene therapy technol...
Renault to invest $523 mn to build green car hub in Korea
Renault Korea Motors Co., grappling with a protracted slump without new releases, plans to invest more than 700 billion won ($523 million) by 2027 t...
