Kia drops Motors from name, unveils roadmap for new EV models

Kia Motors Corp., a unit of Hyundai Motor Group, has dropped Motors from its name, as the company breaks away from its traditional manufacturing-dri...

Hyundai, Kia to raise $921 mn in green bonds for future mobility

Hyundai Motor Co. and Kia Motors Corp. plan to issue green bonds worth a combined 1 trillion won ($912 million) as they gear up to raise money for...

IMM PE, Affirma Capital shortlisted for T Map Mobility's $275 mn fundraising

Competition is heating up among domestic and foreign private equity firms hoping to invest in T Map Mobility Co., a mobility spin-off of South Korea...

Japan’s JSR reaches out to Lotte, LG for sale of synthetic rubber business

Japan’s JSR Corp. is reaching out to Korean chemical companies to dispose of its synthetic rubber business and focus instead on semiconductor ...

Moderna deal shows Korea’s prowess as global hub for biopharma CMO

South Korea is emerging as a global hub for the contract manufacturing of biopharmaceuticals following its latest deal to procure COVID-19 vaccines ...

Hyundai Motor JV to launch robotaxi services in US by 2023

Hyundai Motor Group's autonomous driving joint venture Motional and US-based ride-hailing company Lyft have joined forces to offer robotaxi servic...

Hyundai Motor Chairman's inner circle promoted to key leadership

Hyundai Motor Group has carried out a massive reshuffling among its key affiliates, with members of Chairman Chung Euisun's inner circle promoted ...

Hyundai mulls downsizing skyscraper for future mobility

Hyundai Motor Co. is at a crossroads over the construction of its $3.4 billion global business center, deliberating on whether to downsize the 105-s...

Korea set to overtake Japan as No. 5 exporter by 2026

South Korea is set to overtake Japan and become the world’s No. 5 export powerhouse by 2026 on grounds that the country will maintain its cu...

Naver confident third time’s a charm in Japan's search engine market

South Korea’s portal giant Naver Corp. is hoping third time’s a charm as it gears up to re-enter the Japanese search engine market after...

Kakao, Google in talks over mobility partnerships

Kakao Mobility Corp., the transportation arm of South Korea's No. 1 messaging operator Kakao Corp., is in talks with global IT giant Google over pot...

SK Telecom seeks $271 mn for mobility spin-off

South Korea’s largest mobile carrier SK Telecom Co. is looking to raise up to 300 billion won ($271 million) ahead of rolling out its new mobi...

Anchor Equity, TPG invest $500 mn in Korean mobile banking app

Hong Kong-based Anchor Equity Partners has agreed to invest 250 billion won ($226 million) to buy new shares in South Korea’s KakaoBank, shortly...

S.Korea, Japan ink first free trade deal via 15-country trade bloc

South Korea joined the world’s biggest free trade regime on Nov. 15 by signing a mulilateral FTA pact that covers 15 countries in the Asia-Pacif...

Samsung to supply mobile chips to Xiaomi, Oppo; to rank 3rd in AP market

Samsung Electronics Co. is expected to supply its Exynos mobile processor chips to China’s two leading handset makers, Xiaomi and Oppo, next yea...

How the Lee Kun-hee mobile phone became a blockbuster

This is the third in a four-part series that will delve into Chairman Lee Kun-hee’s New Management initiative that charted Samsung's course in b...

TPG to invest $222 mn in mobile banking app KakaoBank

TPG will acquire a 2.7% stake in South Korea’s mobile banking app KakaoBank for 250 billion won ($222 million) ahead of an initial public offeri...

Why Lee set fire to over 150,000 mobile phones

This is the first of a four-part series that will delve into Chairman Lee Kun-hee’s New Management initiative that charted Samsung's course to b...

SK Telecom to spin off mobility unit, launch JV with Uber

SK Telecom Co. is spinning off its mobility platform business as a separate entity and also launching a joint venture with US ride-hailing company Ube...

New Hyundai Motor Chairman Chung Euisun sets sights on future mobility

Chung Euisun, executive vice chairman of Hyundai Motor Co., has assumed the chairmanship of Hyundai Motor Group, officially confirming his ascension t...

Korean mobile game developer buys out German rival

South Korean mobile game developer Com2uS Corp. has acquired a German gaming rival in its first cross-over buyout, in a move to bolster its sports gam...

Samsung beats TSMC to win new Qualcomm order to make mobile chips

Samsung Electronics Co. has clinched a deal with Qualcomm Technologies Inc. to manufacture 5G-capable mobile application processors designed for mid-r...

Kakao Pay set to be Korea's first mobile-payment fintech to go public

Kakao Pay Corp. is set to become South Korea’s first mobile-payment fintech company to go public as the company kicks off preparations for an in...

Hyundai Motor hires two AI experts to strengthen foothold in future mobility

Hyundai Motor Group has hired two artificial intelligence experts as the company aims to secure its position in the future mobility sector, including ...

Korea’s mobile banking app KakaoBank to push for 2021 IPO

KakaoBank Corp., the mobile banking arm of South Korea’s online messaging app operator Kakao Corp., is planning an initial public offering next ...

Korea’s tractor and farm machinery maker envisions smart mobility firm

Daedong Industrial Co., South Korea’s leading tractor and farm machinery maker, aims to transform into a smart mobility company, applying a...

Samsung to make new Qualcomm chips for 5G smartphones with 5nm technology

Samsung Electronics Co. has secured a deal to manufacture Qualcomm Technologies Inc.’s new mobile application processor for 5G smartphones, the ...

Chipmaker Kioxia to raise 85.3 bn yen in Japan IPO; SK Hynix to retain stake

Global memory-chip maker Kioxia Holdings Corp., held by US private equity firm Bain Capital, is expected to raise 85.3 billion yen (953.6 billion won)...

Line-Yahoo Japan JV christened A Holdings; Naver founder Lee picked as chair

A joint venture between Japan’s top messaging app provider Line Corp. and internet portal Yahoo Japan Corp. has been christened A Holdings and L...

[Interview] Manga platform Piccoma ready to take over Japan's comics market

Manga platform Piccoma is gearing up to take over Japan’s massive digital comics market as the company continues to see prominent growth in its ...