Korean IPOs delayed after bourse's sweeping reshuffle
Scores of South Korean initial public offerings slated for the first half of this year have been delayed after the bourse operator carried out a lar...
Springtime hopeful for K-Culture’s continued Belle Époque
In the spring of 2020, the South Korean stock market was still not over the COVID-19 scare. While going through the indices, I came across the ...
Private equity consortium buys 30% stake in biotech firm Medipost
South Korea’s first generation biotech firm Medipost Co. will sell a 30% stake to a private equity consortium, the company announced after W...
Biotech startup Voronoi withdraws IPO plans
South Korea’s biotechnology startup Voronoi Inc. scrapped its plan to go public this month. The new drug developer announced Wednesday it...
Service robot maker Bear Robotics raises $81 mn in Series B
South Korea’s robotics startup Bear Robotics Inc. announced Wednesday it raised $81 million in Series B funding from venture capital heavywe...
LIG Nex1, Eugene plan $80.5 mn fund for Korea defense startups
LIG Nex1 Co., South Korea’s major defense exporter, plans to set up a $80.5 million venture investment fund with Eugene Investment & Secur...
Nine out of 10 VC heads in S.Korea say startups overvalued: Survey
Heads of South Korea’s leading venture capital firms say domestic startups have entered a phase of overvaluation. The Korea Economic Dail...
Visual effects startup VA Corp joins ranks of unicorns
Visual effects production startup VA Corporation announced Monday it received 100 billion won ($80.4 million) from private equity fund Paratus Inv...
Translink and Banks Foundation form $10 mn fund for S.Korean startups
South Korea’s venture capital firm Translink Investment and non-profit organization Banks Foundation for Young Entrepreneurs agreed to launch ...
Edtech startup Riiid joins Fast Company's list of most innovative firms
South Korea’s AI education startup Riiid has made it onto Fast Company's annual list of the World’s Most Innovative Companies. Since 20...
South Korea's contact lens exports surge in 2021
South Korea's contact lens brands accelerated their penetration into the global market estimated at $10 billion in 2021, thanks to the market's rebo...
AI startup InterMinds builds Smart Stores with conglomerates
Convenience stores are hotbeds for South Korean IT companies to test their artificial intelligence (AI) technology.That is because the establishment...
K Car's evolution into top Korean used car sales platform
When Seoul-based private equity firm Hahn & Co. acquired K Car Co. from SK Group in 2018, the No. 1 used car retailer in South Korea controlled ...
Korean content shares jump on Beijing’s eased restrictions
South Korean content shares finished Friday’s trade higher, buoyed by expectations of resumed exports to China and news that Disney+ will rele...
Korea’s Voronoi in talks with global firms on drug designs
South Korea’s biotechnology startup Voronoi Inc. is in talks with global biomedical companies on drug designs as it aims to expand the busines...
Ridi becomes first Korean content platform unicorn
Ridi Corp., often referred to as South Korea's Kindle, has received funding of 120 billion won ($100 million) from Singapore's GIC and three domesti...
New York third US state to recognize kimchi's Korean origin
Korean food is all about ingredients, which alongside various fermentation techniques, have made kimchi a global side dish enjoyed not just as centr...
BTS returns to Korean stage for 1st time since 2019
SEOUL — In the latest sign that life is going back to something that resembles the pre-pandemic past, BTS is returning to the stage in Seoul.The...
K-pop shares rebound on return to offline concerts
Shares of major South Korean entertainment companies are on an upward trend this month. The rebound is thanks to eased COVID-19 restrictions leading...
China’s Geely challenges Hyundai with entry to Korea’s e-truck market
China’s largest privately owned carmaker Zhejiang Geely Holding Group Co. is entering South Korea’s electric truck market to compete wit...
K-beauty vegan rebel Dear Dahlia in Paris' Galeries Lafayette
South Korean cosmetics brand Dear Dahlia successfully opened a boutique in Europe’s largest department store in 2019 – just two years ...
Chicken startup shakes up crowded market with robotic arms
Preparing fried chicken requires a simple, but laborious process: Placing pieces of chicken on dough and frying powder; putting them into an iron ba...
Live commerce platforms like Grip to keep growing in Asia Pacific: Google
In April 2021, there were some 200 unicorns in the Asia Pacific region, second only to the United States which had 290 startups each valued at $1 bi...
Korean drone manufacturer aims for 2023 Kosdaq IPO
South Korea's commercial drone manufacturer Nearthlab plans to apply for an initial public offering this year to get listed on the junior Kosdaq mar...
Korean biotech startup signs license deal with US firm
South Korea's biotech startup Novelty Nobility Inc. has signed a global license agreement for its antibody treatment candidate with a US biopharmace...
KAIST Holdings to open US offices with $8.4 bn value in mind
The Korea Advanced Institute of Science and Technology (KAIST) on Tuesday announced the blueprint to strengthen its foothold in the United States an...
VR star signs with K-pop label YG Entertainment
South Korean game developer and publisher Smilegate announced Monday that its virtual human signed an exclusive contract with an affiliate of global...
Blurring lines between accelerators and VCs with record fundings
Sopoong Ventures Corp. is poised to create a fund worth 10 billion won ($8 million) that specializes in early stage investment, industry insiders sa...
Korean VCs bet big on pet care startups
Startups in the pet industry are gaining traction on the back of a rising number of pet owners in South Korea. Industry insiders say several pe...
TIGER KEDI30 sells out initial net assets on first trading day
Korean individual investors injected 9.5 billion won ($7.9 million) in TIGER KEDI Innovator ESG30 ETF on Feb 8, an exchange-traded fund (ETF) trac...
