Korea’s major refiners bid for top local biodiesel material maker

SK Innovation Co., S-Oil Corp. and Hyundai Oilbank were among the preliminary bidders for South Korea’s top biodiesel material maker DK O&...

Korea Post advises more GPs set up Korean offices for better partnerships

Korea Post looks to expand asset classes that can hedge inflation and earn benefits from rising interest rates despite concerns of stagflation and c...

Naver, Mirae Asset ramp up investment in India’s promising startups

South Korea’s top online platform operator Naver Corp. and brokerage giant Mirae Asset Securities Co. are aggressively investing in promi...

NPS to up strategic partnerships with global institutions

The National Pension Service (NPS) will increase strategic investments with leading global institutional investors to boost overseas alternative inv...

Korea scientists fund sees US-China conflict create infra investments

The Korea Scientists and Engineers Mutual-Aid Association's (SEMA) Chief Investment Officer Huh Sung-moo said on Wednesday that climate change and g...

Koramco puts $103 mn in funds for US university housing

Koramco Asset Management Co., one of the top asset managers in Korea and a 100% subsidiary of Koramco REITs Management & Trust Co., said on Oc...

Korea’s top mobile game to be launched in Taiwan in Q1 2022

South Korea’s top mobile game Odin: Valhalla Rising will be launched Taiwan in the first quarter of next year as its developer Lionheart Studi...

KTCU to be Korea’s first pension fund to invest in cryptocurrency ETF

South Korea’s second largest institutional investor Korean Teachers' Credit Union (KTCU), with $40.2 billion under management, is eyeing its f...

Sweden's EQT staffs up in Asia with focus on Korea

EQT Partners, Europe's largest private equity firm, is staffing up its Asia Pacific team with a focus on South Korea, the investment firm said on Mo...

Korea’s slated IPOs fail to attract investors

Investor confidence has waned in South Korea in line with stock market instability. Stock prices of some newly listed companies have failed to mee...

Citibank Korea to shut down retail business in phases

Citibank Korea has decided to close its consumer banking operations in phases, the bank said on Monday, after its attempt to find a buyer of the bus...

Korea’s WeMade, ten bagger with play-to-earn game

When Vincent Gallarte was fired in July, the Manila IT analyst found an unusual financial lifeline – an online game that rewards players in cr...

Edison CEO aspires to be Korea’s Elon Musk with Ssangyong takeover

Kang Young-kwon, chairman and chief executive of South Korea’s Edison Motors Co., was virtually unheard of in the country’s automobile i...

Korea’s Nuri: Mission unaccomplished, but one step closer to space

South Korea has launched its first domestically designed and developed space rocket Nuri, but failed to put a satellite into orbit, thwarting its bid ...

Ares Management sees rental demand-led growth in US properties

Industrial properties in the US will likely continue to outperform other types of real estate, driven by significant rental growth in the e-commerce...

KIC says traditional assets dwarf alternatives in 2019-20

The strong performance of traditional assets such as equities has resulted in a decrease in the proportion of alternative assets at Korea Investment...

Samsung SDI, Stellantis to build billion-dollar battery JV in US

Samsung SDI Co. has partnered with Dutch-domiciled multinational automaker Stellantis N.V. to build a multi-billion-dollar battery facility in the U...

Korea’s Simone to spend up to 40% of net profit for dividends

South Korean Simone Acc. Collection Ltd., the world’s No. 1 handbag maker, plans to spend 30-40% of net profit for dividends after a listing n...

Hilton Seoul to be redeveloped as mixed-use complex

Millennium Hilton Seoul will likely join the ranks of five-star hotels in downtown Seoul that were sold for redevelopment into luxury residential or...

Korean VC firms expand investment in Southeast Asia

South Korean venture capital firms are expanding their investment in Southeast Asia,  where startups grow rapidly based on a large population.K...

Hyundai Motor, Kia winners in sagging European car market in September

Hyundai Motor Co. and Kia Corp., the two automaking units of Hyundai Motor Group, saw their market share in Europe rise to a level never seen before...

Hanwha-invested OneWeb’s internet satellites launched into orbit

A Soyuz rocket has launched 36 new internet satellites operated by London-based OneWeb, in which South Korea’s Hanwha Systems Co. has a stake,...

Korean P2P lending platform 8Percent raises near $40 mn

South Korea-based online peer-to-peer lending platform 8Percent has secured 43.5 billion won ($38.3 million) in an investment round led by the Silic...

Blind pool funds eclipse project funds for Korean asset managers

A growing number of South Korean asset management firms are preparing to launch their own blind pool funds for global real estate investments, which...

SK to form 'turquoise' hydrogen JV in Korea with Monolith

SK Inc., the holding and investment company of South Korea’s SK Group, agreed to establish a 'turquoise' hydrogen joint venture in the country...

North Korea puts on show of missile might as Kim Jong-un snubs US

North Korea put on one of its largest displays of missiles at an event at which dictator Kim Jong Un said Pyongyang couldn’t trust r...

Joe Bae to co-lead KKR as 2nd Korean-descendent CEO of a PE giant

Joseph Bae, co-president of KKR & Co., was named as its co-chief executive officer this week, becoming the second Korean descendent CEO to lead ...

Korea private debt growth at record high of $98 bn in Q2

South Korea’s private sector debt jumped near $100 billion in the April-June period, a record high of quarterly growth, amid an overheating pr...

Korea Post's savings arm earns 8.45% return in H1

Korea Post's savings arm earned an 8.45% return on investments in the first half of this year, broadly in line with the average rate of return repor...

Samsung, SK Hynix to pay corporate taxes to foreign countries

South Korea’s chipmaking giants Samsung Electronics Co. and SK Hynix are set to pay hundreds of millions of dollars in corporate taxes to fore...