Eyegene to kick off Korea’s first mRNA clinical trial
Eyegene Inc. will be South Korea’s first vaccine maker to conduct clinical tests of messenger ribonucleic acid (mRNA) COVID-19 vaccines. Ealie...
Morgan Stanley tops S.Korea's H1 M&A league table
Morgan Stanley topped South Korea's M&A advisor league table in the first half of this year, working on six buyout deals worth a combined 9.75 t...
Mid-sized Jungheung to buy Daewoo E&C as part of global expansion plan
South Korea’s construction firm Jungheung Construction Co., in a move to strengthen its global foothold, is buying its much larger-sized rival...
Edge computing revolution to fuel Korea’s growth over the next decade
Korea’s leading firms across multiple industries, from consumer electronics to agricultural equipment, are widening the use of edge computing ...
Korea’s pharma consortium to develop mRNA vaccines by 2022
South Korea will develop its own messenger ribonucleic acid (mRNA) vaccines by next year with plans to annually manufacture 100 million doses from 2...
HK inno.N poised to bolster S.Korea's IPO lineup in H2
HK inno.N Corp., a pharmaceuticals unit of South Korea's Kolmar Korea, is set to go public in early August at a valuation of around 2 trillion won (...
Sale of Citibank Korea gains traction; preferred buyer may emerge in July
The sale of Citibank Korea’s consumer banking business is gaining traction as potential bidders have started due diligence of the bank, with e...
Korea’s art sales set for triple-digit growth in 2021
South Korea’s art market is projected to double or even triple in size this year, thanks to the widening of the customer base across all gener...
GS Group joins race to acquire Korea’s botox maker Hugel
A consortium led by South Korea’s GS Group is in talks to acquire a controlling stake in Hugel Inc., the country’s top maker of botulinu...
KakaoBank’s $2.3 bn IPO set to alter Korea’s banking landscape
KakaoBank Corp., the mobile banking unit of online messaging app giant Kakao Corp., is looking to raise as much as 2.55 trillion won ($2.26 billion)...
Hanwha to make satellite thrusters with Korea's aerospace institute
Hanwha Corp. will develop the bipropellant thruster, a key component for adjusting the satellite’s position in orbit, together with Korea Aero...
Bain report renews debate on alternative trading system in Korea
With South Korea’s stock markets maintaining bullish momentum this year, debate about setting up an alternative trading system (ATS) in the co...
Korea’s M&A market heats up with record deals in first half
South Korea’s merger and acquisition market is heating up as both big conglomerates and promising startups seek to buy out businesses with gro...
Fried chicken chain bids for Outback Steakhouse Korea
South Korea's No. 2 fried chicken brand BHC Group has submitted a binding offer for the domestic operations of Outback Steakhouse, an Australian-the...
Korea’s leading e-book startups eye IPO in 2022
South Korea’s leading e-book platforms are targeting to go public next year. The country’s subscription-based e-book service provider Mi...
BOK chief signals interest rate hike within 2021
The Bank of Korea needs to drop its accommodative monetary stance of the past two years and to begin raising interest rates from this year, the cent...
Shinsegae now Korea’s No.2 e-commerce player with eBay Korea buyout
Shinsegae Group pushed through to be the sole winner in the prolonged race to acquire control of eBay Korea, making it a close runner-up in South Ko...
Malaysia becomes preferred destination for Korea’s convenience chains
South Korea’s major convenience store chains are rushing to enter the Malaysian market. E-Mart 24, the convenience chain operated by Shinsegae...
Korea’s super-rich: How their wealth ballooned during the pandemic
In South Korea, just like any other major economies, the stock market has been a mine of gold even for small investors, who enjoyed hefty gains from...
Cigna seeks to enter Korea's digital non-life insurance market
The US insurance group Cigna looks set to become the first foreign insurer on South Korea's digital non-life insurance platform, with an aim to crac...
Art auction sales in Korea soar to highest point since 2008 financial crisis
South Korea’s art market is facing the biggest boom since the global financial crisis, drawing wealthy investors and art enthusiasts alike. Se...
Toss en route to being Korea’s first fintech decacorn; valuation tops $7 bn
South Korea-based mobile financial platform Toss is en route to becoming the country's first fintech decacorn, or a company valued at over $10 billi...
AI startup Voyager X raises over $25 mn in Series A funding round
South Korea-based artificial intelligence startup Voyager X Inc. has successfully raised around 30 billion won ($26.4 million) in a Series A funding...
Coupang fire may cut ROI of warehouse assets
Last week’s devastating fire at a Coupang distribution center, which reportedly burned down more than 16 million items for delivery, is expect...
The butterfly effect: How the W Concept takeover stirred up Korea's fashion industry
“Just give us three weeks. We’ll offer a price by then.”This conversation took place in early March. A senior executive from retai...
Short-selling ban keeps Korea from MSCI’s developed-markets index
South Korea is unlikely to obtain the global index provider MSCI’s developed-market status this year with the Korean government’s decisi...
Israel’s Nanox begins production of digital X-ray components in Korea
Nano-X Imaging Ltd. (Nanox), an Israeli startup listed on the Nasdaq last August, has started manufacturing digital X-ray components in South Korea....
Hyosung, Linde kick off building world’s largest liquid hydrogen plant
Hyosung Group has once again made a key step forward in achieving its long-term ambition to become South Korea’s corporate leader in the hydro...
Korea Shipbuilding & Offshore wins $1 bn order to build 10 vessels
Korea Shipbuilding & Offshore Engineering Co. (KSOE) has won a 1.1 trillion won ($1 billion) deal to build 10 vessels, bringing its total ship c...
Why fast-growing coffee chains fail to get listed in Korea
A Twosome Place has scrapped its initial public offering plans after being touted as the country’s first coffee chain to go public. This has r...
