Regulatory moves delay Kakao Group’s IPO plans

Toughening regulations on big tech firms in South Korea are impacting the IPO timeline of Kakao Pay Corp. and Kakao Mobility Corp. According to the ...

Antitrust body takes aim at Kakao's taxi-hailing app, Coupang

South Korea's antitrust body has launched an investigation into Kakao Mobility Corp. on allegations of discrimination against taxi drivers not subsc...

Woori Fin to move closer to privatization by year's end

The South Korean government will sell another big chunk of its remaining shares in Woori Financial Group by year's end to finally give up its top sh...

POSCO Chem buys stake in Chinese graphite processor

POSCO Chemical Co. has acquired a 13% stake in a Chinese graphite processor as part of the South Korean company's efforts to secure a stable supply ...

KT, Daishin PE acquire 100% stake in global data firm Epsilon

South Korea’s major telecom company KT Corp. is expanding investments in future growth areas outside the traditional mobile sector. KT said on...

Netmarble acquires Canadian game studio for $165 mn

South Korea's Netmarble Corp. has acquired Canada's mobile game developer Ludia Inc. for $165 million, the latest in a series of its cross-border ac...

Korea’s Genome & Company aims US CMO market

South Korea’s microbiome medicine developer Genome & Company geared up for entering the U.S. market to boost profits and make inroads into...

SK holds off indefinitely on petrochem unit stake sale

South Korea's SK Innovation Co. has put on hold indefinitely its plan to sell up to a 49% stake in SK Geocentric Co., formerly known as SK Global Ch...

Activist fund urges SK Chemicals to sell part of SK Bioscience stake

A Singaporean activist fund has urged South Korea’s SK Chemicals to sell some of its shares in SK Bioscience Co., saying its corporate value h...

Kakao drops 10.1%, Naver falls 7.9% on potential big tech crackdown

South Korea may be following China’s lead in cracking down on big tech firms. The country’s two leading tech giants Naver Corp. and Kaka...

S.Korea kicks off AI strategy talks with Naver, Kakao, Samsung, telcos

South Korean government has hosted the first top-level artificial intelligence (AI) roundtable meeting with representatives from the country’s...

Samsung sells $1.3 bn stake in China’s BYD, keeps watchers puzzled

Samsung Electronics Co. has sold a 1.6% stake worth 1.5 trillion won ($1.3 billion) in Chinese electric vehicle and rechargeable battery maker BYD C...

Samsung Elec unveils world’s 1st 200-megapixel mobile image sensor

Samsung Electronics Co. has become the first company to launch a 200-megapixel mobile image sensor, giving the world’s No. 2 image sensor make...

Korea Post nets nearly $1 bn from KakaoBank block sale

Korea Post has netted slightly over 1 trillion won ($861 million) from the block sale of its shares in South Korea's largest internet-only lender Ka...

Hyundai Motor develops Roblox virtual mobility experience game

South Korea’s top automaker Hyundai Motor Co. has developed an interactive metaverse game to be played on its online entertainment platform Ro...

Interpark draws cool response from Korean online giants

South Korea’s online retail platform Interpark Corp. has failed to drum up interest from the country's largest online platforms, including Nav...

Kakao Pay cuts IPO price by 6% for October listing

Kakao Pay Corp., the digital settlement platform unit of South Korea’s top messaging app operator Kakao Corp., has slashed its initial publi...

Coffeebanhada, known for robot barista, seeks investment for expansion

Coffeebanhada, a South Korean budget coffee chain operator, is seeking to attract investment from private equity funds and strategic investors.Accor...

Parts maker Mando raises profile as investor in future mobility startups

Halla Group’s auto components unit Mando Corp. is rapidly expanding its profile as a startup investor in the future mobility sector.Mando was ...

Netmarble sells shares of Kakao units to raise $700 mn in August

South Korea’s Netmarble Corp. has earned 816.9 billion won ($703 million) so far in August alone by selling shares of KakaoBank Corp. and Kaka...

Korea’s hydrogen council to launch Sept. 8; Hyundai to unveil new tech

The South Korean version of the Hydrogen Council, a global CEO-led initiative to harness the clean energy source, will officially launch on Sept. 8 ...

SM to absorb music production unit before founder's stake sale

SM Entertainment Co., a South Korean music powerhouse, will absorb a music production company wholly owned by its founder and chief producer Lee Soo...

IAA Mobility 2021 to showcase global auto industry’s future technologies

The global auto industry is set to show off their muscle to fight for the future mobility market not only with new models but also technologies at t...

Kakao Mobility takes first step toward 2022 IPO

Kakao Mobility Corp., South Korea's most popular taxi-hailing app, has taken its first step toward a stock market debut, which is expected to value ...

Hydrogen tank maker Iljin Hysolus to make Kospi debut Sept. 3

South Korea’s leading hydrogen tank maker Iljin Hysolus Co. will be listed on Kospi on Sept. 3, according to the company’s IPO briefing ...

Samsung to unload automaking business

Samsung Group is set to withdraw from the automaking business after 26 years in the industry since establishing Samsung Motors Inc. in 1995. The gro...

Affinity exits Hyundai Card, sells stake to Hyundai Commercial, Fubon

Affinity Equity Partners, a global private equity firm, and its financial partners have exited from their investment in Hyundai Card Co. by selling ...

Battlegrounds Mobile India clocks 50 million downloads

Battlegrounds Mobile India (BGMI) has clocked 50 million downloads on Google Play in about 1-1/2 months after the game’s launch, its deve...

Kakao Group’s past, present and future as conglomerate

Kakao Corp., which a decade ago was merely a mobile messenger operator, has now grown into one of the largest business groups in South Korea. The in...

Vietnam's Masan Group to attract $200 mn from Korean PE

Masan Group Corp., Vietnam's leading conglomerate with a diverse range of businesses ranging from food and consumer goods to financial services, wil...