KDB next round fintech fund

South Korea’s mighty state pension fund will hedge foreign exchange risks for up to 10% of its overseas investment for a limited period. ...

South Korea's mobile telecom operator LG Uplus said on Thursday that it would introduce a specialized metaverse platform for which all universities ...

Hanwha Systems Co. will develop core technologies for the South Korean Army’s tactical information communications network TICN-II, which will ...

LG Electronics said on Wednesday that it will unveil a new large-capacity built-in refrigerator at CES 2023, which will take place in Las Vegas on J...

The Korean government by 2027 seeks to develop 30 food tech unicorns and boost exports in this sector to $2 billion through stronger support for the...

South Korea's tech start-up Bunker Kids announced on Tuesday that it raised 2 billion won ($1.5 million) through Series A investment from Korean ven...

The Korean Fair Trade Commission said on Monday that it had conditionally approved LX International Corp.'s bid to acquire Hankuk Glass Industries (...

Korea Aerospace Industries Ltd. (KAI), the country’s military aircraft manufacturer, is poised to invest 1.5 trillion won ($1.1 billion) in re...

South Korean dessert café Sulbing said on Friday that it signed a new master franchise contract to declare its entry into the US market and a...

Korea Investment Corporation (KIC) has made its first direct investment in an asset management firm, the South Korean sovereign wealth fund said on ...

South Korea's Jobis & Villains Corp., which operates the tax return service "3o3," announced on Thursday that it has been officially registered ...

South Korea's e-commerce platform Cafe24 said Thursday that it has signed an agreement with CJ Logistics to provide fulfillment services to online s...

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 ...

The slowly growing extended reality (XR) market next year is expected to explode as global big tech companies get ready to launch augmented (AR) and v...

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

Macquarie Asset Management participated in a bid on Dec. 6 to acquire Loca Mobility Corp., Lotte Card Co.’s subsidiary and the second-largest ...

A number of private equity giants in South Korea and beyond are bidding for shares worth up to 1 trillion won ($758.2 million) in KT Cloud, a subsid...

Come next year, Kakao Brain, the artificial intelligence arm Kakao Corp., is slated to unveil an AI system that can write the first draft diagnosis ...

Samsung Electronics Co. and Naver Corp. have agreed to cooperate in developing next-generation AI semiconductor solutions optimized for artificial i...

South Korea’s Hyundai Motor Group sold more than 100,000 units of electric vehicles (EVs) that adopted Hyundai Motor’s E-GMP, or Electri...

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...

Korea's largest auto parts supplier Hyundai Mobis will take part in CES 2023, the world's largest info tech exhibition, to showcase cutting-edge t...

LS Mtron, the industrial machinery and core component arm of Korea's LS Group, on Monday said it concluded a contract worth 500 billion won ($387.4 ...

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...

MBK Partners Ltd., alongside Deutsche Bank AG and other four investment firms, has acquired $1.3 billion worth of distressed debts in auto-parts sup...

DAEWOONG PHARMACEUTICAL has received domestic approval for its diabetes drug Envlo with the active ingredient enavogliflozin, the second straight ye...

Hyundai Heavy Industries Group will participate in CES 2023, the world's largest information technology trade show, to showcase its maritime strateg...

As whisky became more popular in Korea, the amount of whisky imported for 10 months until October this year increased about 62% compared to the same...

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...

Gaming giant Nexon Co. is set to acquire a 50% stake in the Autoway Tower, an office building in Seoul's Gangnam business district, from the Korean ...