Gaonchips rally on market talk of Samsung's investment in ARM

Shares in South Korea’s semiconductor chip design house Gaonchips Co. extended their rally for a second day on Friday on growing market talk t...

Korea to raise tax credits on OTT content for future growth

Studio Dragon Corp., South Korea’s leading drama production house, spent 26 billion won ($18.5 million) on Vincenzo, aired in 2021, and receiv...

Bosung attracts $2 bn investment from TGK for Korea's largest data center

South Korea’s Bosung Group has attracted $2 billion from TGK Inc., a US infrastructure company, for its planned construction of Korea’s ...

BOK chief signals another big step as Fed hike haunts won

South Korea’s central bank on Thursday signaled another 50-basis-point policy interest rate hike as the won currency weakened past the psychol...

Samsung’s Lee, SoftBank’s Son to discuss partnership on ARM

Samsung Electronics Co. Vice Chairman Jay Y. Lee will meet with Japan’s SoftBank Group Chairman Masayoshi Son next month to discuss a deal reg...

Was South Korea’s FX intervention too late?

The South Korean won on Sept. 14 opened 1.4% lower in the domestic currency session after shocking US inflation data rattled global financial market...

NPS, KIC, other Korean LPs commit $551 mn to Cinven's fund

Global private equity firm Cinven Ltd. has attracted €550 million ($551.3 million) from South Korean institutional investors for its eighth fla...

Direct lending, middle market offer resilience: NYLIM 

There is no doubt that headwinds to economic and market growth are picking up. Globally, supply chain and energy disruptions have contributed to hig...

Korea vows favorable taxation for US, foreign firms

South Korea's National Tax Service (NTS) and the American Chamber of Commerce in Korea (AMCHAM) held a meeting on Sept. 16 to discuss favorable ta...

EMP Belstar launches $300 mn Korea logistics fund

Energy and infrastructure-focused private equity firm EMP Belstar has launched its second logistics fund targeting cold storage facilities in South ...

Samsung goes green as it eyes clean tech supremacy across supply chain

Samsung Electronics Co., the world’s largest smartphone and memory chipmaker, said on Thursday it is aiming to power its entire operations wit...

BofA names Korean American Mike Joo as head of North America GCIB

Bank of America Corp. has appointed Korean American Mike Joo as its new head of North America global corporate and investment banking (GCIB), accord...

Biden’s move to beef up US bio industry poses threat to Korean firms

President Joe Biden’s plan to support the US biomanufacturing infrastructure aimed at containing China’s clout is posing a threat to Sou...

US chipmaking association chief stresses Chip 4 Alliance not about China

John Neuffer, president and CEO of the United States Semiconductor Industry Association (SIA), visited South Korea earlier this week on the primary ...

Gucci to hold Alessandro Michele-directed show at Korean royal palace

Italian luxury fashion house Gucci will hold a fashion show choreographed by its famous creative director Alessandro Michele at a South Korean royal...

Hanwha Solutions, GS Energy to produce sheets for solar power

South Korea’s Hanwha Solutions Corp., Hanwha Group’s energy services arm, is entering into a sizeable co-investment to strengthen its so...

CalSTRS, Korea's KTCU consider launching 2nd real estate JV

The Korean Teachers’ Credit Union (KTCU), a retirement fund for South Korean teachers and employees, and the California State Teachers' Retire...

SK Hynix bets on 2025 memory upturn with $11 billion new plant

SK Hynix Inc., the world’s second-largest memory chipmaker, will spend 15 trillion won ($11 billion) over the next five years to build a new m...

Delta Air increases stake in Hanjin KAL to back Chairman Cho

Delta Air Lines Inc., a friendly shareholder of Hanjin KAL Co., has bought an additional 1.7% stake in the company, which operates Korea’s lar...

Kakao joins race to become private 5G network provider

Kakao Enterprise Corp. is poised to become a private 5G network provider, for use within the parent company Kakao Corp. and for serving outside clie...

Samsung, LG eye niche sectors to boost tablet sales

South Korea’s electronics companies are launching tablet PCs with niche targets as the global tablet market has shrunk for four consecutive qu...

Lotte to invest $900 mn in Vietnam smart city project

Lotte Group, South Korea’s fifth-largest conglomerate, is set to invest $900 million in Vietnam to establish a smart city as it aims to accele...

Samsung Elec executive touts ‘significant progress’ in M&A efforts

BERLIN – Samsung Electronics Co. has made “significant progress” in the company’s merger and acquisition (M&A) efforts, ...

Korea PE firms to buy FCCL maker NexFlex at $463 mn

South Korean private equity firms are set to take over NexFlex Co., the country’s largest manufacturer of flexible copper-clad laminates (FCCL...

Samsung leader Lee’s latest role: Special envoy for World Expo 2030 bid

As South Korea is serious about hosting the World Expo 2030, the country’s top business leaders will be given new roles: Leading the governmen...

Business magnates' startup investment fraternity V-Society going strong

Back in August 2000, a fraternity of domestic business magnates’ children and startup entrepreneurs named V-Society was founded. The frat...

SK Ecoplant bets on US battery recycling firm Ascend Elements

South Korea’s SK Ecoplant Co., formerly SK Engineering & Construction Co., signed a stock purchase agreement (SPA) on Aug. 31 to invest $5...

Korea’s record trade deficit adds to downturn concerns

South Korea logged a record monthly trade deficit in August with the longest spree of shortfalls in more than 14 years, while domestic consumption, ...

Korea's NPS posts 8% loss from investment in H1 2022

National Pension Service (NPS) of South Korea had an 8% negative return during the first half of 2022, its investment management arm announced on Au...

BOK chief: S.Korea won't keep pace with Fed’s interest rate hikes

JACKSON HOLE, Wyo. -- The Bank of Korea plans to raise interest rates until inflation falls to its target level but won't keep pace with the US Fede...