SK Innovation, Ford agree to launch $5.3 bn EV battery JV in US

South Korean battery maker SK Innovation Co. and Ford Motor Co. have agreed to launch a 6 trillion won ($5.3 billion) joint venture to support the U...

Naver, Shinsegae in talks to team up for eBay Korea

Naver Corp., South Korea's top online portal, is in talks with the country's retail giant Shinsegae Group about a joint bid for eBay Korea -- a deal...

Korea's COVID-19 test kit maker applies for $1.2 bn IPO

SD Biosensor Inc., South Korea's largest manufacturer of COVID-19 test kits, has applied for an initial public offering to raise up to 1.3 trillion ...

Hanwha, KAIST to co-launch space research center

Hanwha Group will launch space technology research and commercial projects together with South Korea’s top science and engineering university,...

Biggest deal in Korea: Hanon Systems stake sale draws KKR, Carlyle, TPG

The sale process of a near-70% stake in South Korean auto parts supplier Hanon Systems Corp. has kicked off, attracting a pool of strategic investor...

Heavy household borrowing fans Korea’s asset market overheating

South Korea’s asset market is showing signs of overheating as households take out fresh loans at a record pace to invest in initial share sale...

Korea Post commits €80 mn to Sweden's EQT Partners

Korea Post's insurance arm has committed €80 million ($97 million) to a new flagship fund of Swedish private equity firm EQT Partners that rais...

Korean PEF clinches $1.7 bn TaylorMade Golf acquisition

South Korea's lesser-known private equity firm Centroid Investment Partners has acquired US sports equipment manufacturing firm TaylorMade Golf Co. ...

Jeju Beer aims to be S.Korea's 4th-biggest brewer by 2022

South Korea’s leading craft beer maker Jeju Beer Co. aims to be among the country's top four breweries by the end of 2022, planning to use its...

S.Korea: 11th in global export market for top-ranked items

South Korea ranks 11th in global export market shares with 69 top-ranked items -- reaching an all-time high In 2019, South Korean products ranked 1...

Lifted short sale ban blamed for Korea ETF redemption

The lifting of South Korea's short-selling ban on large-cap stocks on Monday could be blamed for the recent heavy outflows from US-listed exchange-t...

CVC names ex-Affinity Equity top manager as Korea head

CVC Capital Partners has appointed Chris Rhee, a former partner of Affinity Equity Partners, as its Seoul office head and global partner, according ...

K-beauty boom makes S.Korea the fourth-largest cosmetics exporter

Cosmetics industry sees continued export growth for two straight decades K-beauty has emerged as a global trend, thanks to the development of innov...

Korea’s major firms look for M&A targets in battery materials business

South Korea’s major companies are looking for merger and acquisition opportunities in the rechargeable battery materials sector, which is grow...

Sejong Univ. unveils Korea's first cultured meat prototype

Sejong University in Seoul, South Korea has unveiled a cultured meat prototype for the first time in the country.Cultured meat is an alternative pro...

Hanwha Total becomes S.Korea’s largest polypropylene maker

Hanwha Total Petrochemical Co., a 50:50 joint venture between Hanwha Group and the French oil giant Total SE, has become the company with the larges...

Korea’s Busan port congestion worsening with boxes stacked, ships delayed

At the Hyundai Pusan New Port Terminal (HPNT), one of the largest terminals in South Korea’s southeastern port city of Busan, 12 quay cranes a...

Korea bourse tries to halt unicorns following Coupang in US IPO

The Korea Exchange (KRX) will lower the bar for domestic startups' initial public offerings at home so that they will be dissuaded from joining the ...

Startup funding: Metaverse platform Anipen; autonomous vehicle simulator Morai

South Korea-based metaverse platform Anipen has raised 8.5 billion won ($7.6 million) from VC firms, including Partners Investment and Union Investm...

Naver aims to overtake Chrome in Korea with own browser Whale in 3 years

South Korea’s top web portal operator and search engine Naver Corp. aims to overtake Google Inc.’s Chrome as the top web browser in the ...

Goldman-backed Korea Superfreeze to build $2.2 bn facilities

Korea Superfreeze Co., 24.95% owned by Goldman Sachs PIA, will spend 2.5 trillion won ($2.2 billion) in building six cold storage facilities in Sout...

Wonbang Tech: S.Korea’s leading chip clean room company

The dew point is the temperature at which the air becomes saturated with water vapor. When cooled further below the point, the airborne water vapor ...

Evercore joins as advisor for S.Korea’s Hanon Systems stake sale

Evercore Inc., a New York-based boutique investment banking advisory firm, is joining hands with Morgan Stanley to co-manage the sale of a majority ...

SK Group’s holding firm aims to become Korea’s Berkshire Hathaway

Jang Dong-hyun, chief executive of SK Inc., formerly known as SK Holdings Co. made a rare public remark during a March shareholder meeting, saying t...

Hanwha challenges monopoly in S.Korea’s nitric acid sector

South Korea’s industrial nitric acid sector, currently led by Hu-Chems Co. with around a 90% market share, will see a change in the competitiv...

Korea’s Netflix blockbuster Space Sweepers receives global viewership

Described as "South Korea's first space-set blockbuster," Netflix's film Space Sweepers is receiving considerable viewership globally, joining a gro...

Korea Credit Data raises over $35 mn from Pavilion, GS, KB Bank

South Korea-based fintech firm Korea Credit Data (KCD) has raised around 40 billion won ($36 million) from Singapore-based private equity firm Pavil...

Korea has vital role in a green post-COVID world

Rapid development and roll-out of COVID-19 vaccines globally are occupying the headlines of major media outlets. We are now well over a year into the ...

Citibank Korea's retail arm sale may fuel M&A market

Citigroup Inc.'s plan to exit from South Korea's retail banking market may invigorate the country's M&A market, with small-sized, non-banking fi...

Kakao Bank applies for preliminary review of 2021 IPO

Kakao Bank, South Korea's No.1 mobile banking app., has kicked off the process to go public by applying for a preliminary review of its stock market...