Korea Shinhan Financial taps banking unit head as group CEO

Shinhan Financial Group appointed the head of its flagship banking unit as the group’s next chief executive officer as the major South Korean ...

South Korea to boost fintech fund to 1 trillion won

South Korea's financial authorities have decided to increase the size of the Fintech Innovation Fund from 500 billion won($379 million) to 1 trillion ...

Coupang to invest $4.7 billion in supply chains in Korea over 12 years

  South Korea's e-commerce giant Coupang has briefed US Ambassador to Seoul Philip Goldberg at the company's fulfillment center in Daegu, a fa...

Kyobo Life seeks to transition into financial holding company 

South Korean life insurance behemoth Kyobo Life Insurance Co. is seeking to transition into a financial holding company to expand its business footh...

S.Korea develops carbon composite materials as its 2nd steel industry

The South Korean government will invest 185 billion won ($139.6 million) by 2030 in the development of technology for carbon composite materials, wh...

LG plans additional $4 billion investment in Vietnam

South Korean electronics giants including LG Electronics and Samsung Electronics plan to pour billions of dollars of additional investment into Viet...

Daol Financial Group to let go of VC affiliate, hit by liquidity crunch

The Daol Financial Group is widely expected to let go of its venture capital arm in the midst of a worsening liquidity crunch. The VC firm Daol...

Twelve Labs secures $12 mn for AI-powered video analysis platform

Twelve Labs Inc., a South Korean artificial intelligence-powered video search platform developer, closed its seed extension round with an additional...

Samsung Heavy sells drillship to Italian offshore drilling company

Samsung Heavy Industries said on Tuesday in a regulatory filing that it has sold a drillship to Saipem, an Italian offshore drilling company, for 29...

SK Discovery launches bio strategy, investment division

Korea's chemical company SK Discovery Co. on Tuesday said it launched a bio strategy and investment division headed by Kim Jung-hoon, director of SK...

DWS taps Steven Kim as APAC real estate asset management head

German asset management giant DWS Group said on Dec. 5 that it has appointed DWS Asset Management Korea’s Director Steven Kim (Kim Sang-wook) ...

Korean restaurant startup GFFG raises $23 million in Series A round 

South Korean lifestyle hospitality startup Good Food For Good (GFFG) announced Monday that it raised 30 billion won ($23.2 million) in Series A roun...

Nearly half of Korean firms plan no domestic investment next year

Rising gloom over the business environment due to a financial market crunch and weak Korean won has led to nearly half of Korea's firms having no pl...

LG Energy, GM to inject another $275 mn in Tennessee plant

South Korean battery maker LG Energy Solution Ltd. and General Motors Co. plan to inject an additional $275 million in a US electric vehicle battery...

Industrial Bank of Korea provides Silicon Valley-style financing for startups

Industrial Bank of Korea (IBK) on Friday launched the IBK Venture Loan, which provides bridge loans to promising startups struggling to borrow funds...

VC firms rake in profit of up to 6 times principal from Raemongraein

Venture capital firms that invested in media production company Raemongraein Co. raked in significant profit from the surge in popularity of the TV ...

NPS shortlists 6 candidates for chief investment officer opening

National Pension Service (NPS) of South Korea, the world’s third-largest pension fund managing 896.6 trillion won ($690.5 billion) as of end-S...

LS Cable & System Asia expands cable production capacity in Vietnam

LS Cable & System Asia said on Thursday that it has invested 6.8 billion won in its Vietnamese subsidiary LS Cable & System Vietnam to compl...

SK Inc. bulks up green investments to achieve net zero by 2035

SK Inc., the investment arm of South Korea’s second-largest conglomerate SK Group, is taking preemptive steps to expand its eco-friendly busin...

SK On attracts $1 billion in investment

SK On, the electric battery affiliate of Korea's petroleum, alternative energy and oil exploration corporation SK Innovation, has secured 1.3 trilli...

Biden hails SK Siltron’s investment in Michigan as 'game changer'

BAY CITY, Michigan – For the first time since taking office, United States President Joe Biden toured a US subsidiary of South Korean conglome...

NPS posts 7% investment loss in Q1-Q3 as equities, bonds plunge

National Pension Service (NPS) of South Korea said Tuesday it saw a cumulative loss of 7.1% on investment, or 68 trillion won ($51.3 billion), betwe...

First joint law office with overseas firm to open in Korea

The first South Korea-overseas joint law firm is set to start operations in Seoul.The joint firm of Korean law firm Hwahyun and UK’s Ashurst h...

KEPCO raises $368 mn via bond issuance on heated demand

Korea Electric Power Corp. (KEPCO) saw on Nov. 27 around 1.7 trillion won ($1.3 billion) worth of investor bids for its bond issuance targeting 400 ...

Korea’s e-commerce giant Coupang to invest in logistics automation

Coupang Inc. is poised to invest in the automation transformation of its logistics system, according to industry insiders. Headquartered in Seo...

Korea to reform market rules to boost foreign investment

South Korea will reform financial market regulations to attract more foreign investments and to achieve MSCI Inc.’s developed market status fo...

SK Innovation to adopt internal carbon pricing system

SK Innovation Co. on Sunday announced its adoption this year of an "internal carbon pricing system" recently approved by its board of directors. Th...

Fintech co. Awake Corp. provides financial management tool to creators

South Korean fintech startup Awake Corporation won the hearts and wallets of judges at the D.Day X D.Camp event on Thursday, garnering 20 million wo...

SK expands sustainable food biz with $7.5 mn US investment

SK Inc., the holding company of South Korea’s No. 2 conglomerate SK Group, has expanded its sustainable food business by investing in a US-bas...

Korea to revise dividend policy to ease ‘Korea discount’ concerns

South Korea plans to revise its stock dividend policy as part of a broader financial market reform to help attract foreign investors and obtain MSCI...