Korea's NPS upped alternative investment by 33% in 2021
The National Pension Service (NPS) of South Korea committed 204.4 trillion won ($156.7 billion) to alternative investment as of end-2021, up 32.7% f...
Experts criticize Seoul's quantum computer development efforts
The United States: 4158. South Korea: 50These figures refer to the number of qubits in a quantum computer that each country seeks to develop by 2026...
Korea’s BC Card to buy Indonesian IT firm for SE Asia biz growth
BC Card Co., a South Korean financial services provider, agreed to acquire an Indonesian IT company as it expands its businesses into overseas marke...
Samsung’s Lee reinstated; big moves in store for top conglomerate
Lee Jae-yong, Samsung Group’s de facto leader, on Friday had his right to work restored, paving the way for big moves for South Korea’s ...
Seoul says US tax credit bill risks violation of FTA, WTO
South Korea has conveyed concerns to the US about its legislative move to remove tax credits from electric vehicles produced outside of North Americ...
Korea trade deficit jumps as chip exports fall on Aug. 1-10
South Korea suffered from a larger trade deficit in the first 10 days of the month as semiconductor exports declined on weaker demand for memory chi...
Korea's small PE firms putting fundraising plans off to 2023
South Korea’s small and mid-sized private equity firms are increasingly postponing fundraising schedules for their project-based funds to the ...
Korea game sector hopes for better profits with new titles
South Korea’s game developers aimed to improve earnings with the release of new titles in the second half after reporting disappointing quarte...
Starbucks Korea conducts voluntary recall on giveaway items
Starbucks Korea, owned by South Korean retail juggernaut E-Mart, conducts a voluntary recall of its line of summer travel bags, following health c...
Conglomerates lead loan growth to record high in July
South Korea's large business groups led a sharp increase in bank lending in July, driving the corporate bank loan growth to a record high, central b...
Korea suffers from foreign workers shortage in farming
South Korea’s agricultural product prices are expected to increase this year as the agriculture industry is suffering chronic labor shortages....
S.Korea’s SPAC IPOs eclipse company public listings
Special purpose acquisition companies (SPACs) are gaining momentum in South Korea’s initial public market on the back of eased regulations and...
Hanwha Life to spur global real estate investment via US subsidiary
South Korea’s Hanwha Life Insurance Co. is set to kick off direct investment in overseas real estate via its subsidiary in the US, according t...
Korea Inc. rushes to cut debt as interest rates surge
South Korean companies scrambled for lowering debts and borrowing costs with new financial and business strategies as interest rates on corporate lo...
TiumBio inks licensing deal with China's Hansoh for endometriosis drug
South Korean biotech TiumBio Co. has signed a technology transfer agreement of its endometriosis and uterine myoma treatment candidate with China&rs...
LG Group to launch AI education programs for teenagers
South Korea’s LG Group will include teenagers in its mid- to long-term project to nurture artificial intelligence talent, as AI technology is ...
Korea Zinc to invest $7.5 billion in green hydrogen, battery materials
Korea Zinc Co., the world’s largest lead and zinc smelter, plans to spend 9.74 trillion won ($7.5 billion) in renewable energy, green hydrogen...
Hong Kong-based Crypto.com acquires South Korean exchange OK-BIT
Hong Kong-based Crypto.com announced Monday it finalized the acquisition of a 100% stake in South Korea’s cryptocurrency exchange operator OK-...
Korea Ginseng Corp. intensifies marketing efforts in the UAE
South Korea’s Korea Ginseng Corp. (KGC) said on Tuesday it recently hosted its second annual conference for large retail pharmacy chains in th...
Golf apparel goes trendy and upmarket in Korea on rise of young golfers
As the popularity of golf grows in South Korea, particularly among young people, golf clothes are becoming increasingly more expensive and fashionab...
Four chip alliance: S.Korea's courage to overcome Chinaphobia
“I'm gonna make him an offer he can’t refuse.”Ahn Cheol-soo, a senior lawmaker of South Korea’s ruling People Power Party, c...
Carlyle CEO Lee’s sudden exit puts the PE’s Korea strategy in spotlight
The sudden resignation of The Carlyle Group Inc. Chief Executive Kewsong Lee has not just surprised the global investment community but raised quest...
Korea's SeAH joins hands with Saudi Aramco on special steel
South Korea’s steel conglomerate SeAH Group has tied up with Saudi Aramco, Saudi Arabia's energy giant, to accelerate its expansion in the Mid...
LG CNS chosen design consultant for Indonesia's $38 bn smart city project
LG CNS Co., a South Korean major information technology service provider, is set to consult on the design of an Indonesian smart city project worth ...
S.Korea to ease internship visa rules for foreign talent
South Korea will introduce an internship visa program for foreigners studying at overseas universities to ease a shortage of talent in the fields of...
Korea's Vestas launches second $231 mn European warehouse fund
South Korea’s Vestas Investment Management Co. has created a 300 billion won ($231.2 million) blind pool fund for Europe-based logistics cente...
Kakao to bolster open chat, ad services for growth
South Korea’s leading online platform operator Kakao Corp. on Thursday unveiled plans to bolster its open chat and advertising businesses to a...
S.Korea’s first mission to the Moon, Danuri, enters transfer orbit
South Korea’s first lunar orbiter, Danuri, has been launched onto a ballistic lunar transfer orbit as planned, the country’s science min...
US private equity giant Apollo making inroads into Korea
Apollo Global Management Inc., a US private equity powerhouse, is set to launch a credit business in South Korea, aiming for the local private lendi...
US private equity giant Apollo to make inroads into Korea
Apollo Global Management Inc., a US private equity powerhouse, is set to start the credit business in South Korea, aiming for the local private lend...
