S.Korea to build solar power plants in Chile for $130 mn

S.Korea to build solar power plants in Chile for $130 mn

South Korea is planning to build solar photovoltaic power plants in Chile, investing $130 million, in a move to help local companies expand their re...

Koo Ja-eun takes helm of Korea’s cable, machinery conglomerate LS Group

Koo Ja-eun takes helm of Korea’s cable, machinery conglomerate LS Group

Koo Ja-eun, chairman of South Korea’s LS Mtron Co., a machinery and components maker, will lead the country’s 14th-largest conglomerate ...

KoreaCenter acquires Danawa, paving way for MBK’s bolt-on deal

KoreaCenter acquires Danawa, paving way for MBK’s bolt-on deal

KoreaCenter Co. has been named the new owner of Danawa Co., one of South Korea’s first-generation e-commerce platforms – a move that is ...

BTS may have to serve in South Korean army

BTS may have to serve in South Korean army

It appears the world’s top boy band BTS will have to serve in the South Korean military as lawmakers in the country have so far failed to agre...

Homegrown VCs turn to Korean American startups in search of unicorns

Homegrown VCs turn to Korean American startups in search of unicorns

Korean venture capital firms are ramping up their investments in Korean American-owned startups in the United States, mostly in Silicon Valley.The aim...

Korean oil refiners keen to change company names

Korean oil refiners keen to change company names

Hyundai Oilbank Co. and S-Oil Corp. are discussing changing their names to join other South Korean oil refiners, which recently underwent corporate ...

SEMA to increase Asia-based infra assets, CIO says

SEMA to increase Asia-based infra assets, CIO says

Korea Scientists and Engineers Mutual-Aid Association (SEMA), one of the fastest-growing retirement pension fund in South Korea, will increase inf...

Costa Rican president: His family K-drama fans, seeks joint production

Costa Rican president: His family K-drama fans, seeks joint production

Costa Rican President Carlos Alvarado Quesada has praised South Korean movies such as the Oscar-winning Parasite and drama series such as Squid Game...

IGIS beats Blackstone, Brookfield in Asian real estate AUM

IGIS beats Blackstone, Brookfield in Asian real estate AUM

IGIS Asset Management Co., South Korea’s largest real estate asset manager, was ranked as the world’s second-largest asset management ...

BTS becomes first Asian act to win top AMA honor

BTS becomes first Asian act to win top AMA honor

The world’s No. 1 boy band BTS became the first Asian act to take the prize for artist of the year at the American Music Awards, one of the to...

Samsung Biologics wins another Eli Lilly COVID treatment order

Samsung Biologics wins another Eli Lilly COVID treatment order

Samsung Biologics Co., a global contract development and manufacturing organization (CDMO), has stepped up its partnerships with global big pharmas ...

Chunsa International Film Festival

Chunsa International Film Festival

Chunsa International Film Festival is where filmmakers and audiences meet and look to collaborate on the constructive future of Korean films. In memor...

Carlyle buys coffee franchise A Twosome Place for over $800 mn

Carlyle buys coffee franchise A Twosome Place for over $800 mn

The Carlyle Group has bought South Korea's No. 2 coffeehouse chain A Twosome Place from Anchor Equity Partners, saying it would "capture the signifi...

Hyundai, Kia stun LA auto show with SEVEN, EV9 concept cars

Hyundai, Kia stun LA auto show with SEVEN, EV9 concept cars

Hyundai Motor Co. and sister firm Kia Corp. on Thursday unveiled their latest concept sport utility vehicles at the Los Angeles Auto Show as the two...

Koreans log $5.7 bn loss in Q3 from overseas stock investments

Koreans log $5.7 bn loss in Q3 from overseas stock investments

South Korean investors suffered a $5.7 billion loss in the third quarter from overseas stock investments on weak foreign shares. Individual investor...

K-bio's out-licensing this year reaches $9.3 bn

K-bio's out-licensing this year reaches $9.3 bn

Overseas technology transfers from South Korean biotechs and pharmaceutical manufacturers this year have exceeded 11 trillion won ($9.3 billion), al...

Fractional investing platforms for art to Rolex lure VCs

Fractional investing platforms for art to Rolex lure VCs

The growing popularity of fractional investment in celebrated artworks, music copyrights and luxury items has spurred a flurry of venture capital in...

STIC invests $20 mn in e-commerce giant Tiki

STIC invests $20 mn in e-commerce giant Tiki

South Korean private equity firm STIC Investments Inc. has invested $20 million in Vietnam’s e-commerce giant Tiki Corporation’s serie...

KDB opens VC in US to aid Korean startups' US entry

KDB opens VC in US to aid Korean startups' US entry

South Korea’s state-run bank Korea Development Bank (KDB) launched its venture capital (VC) operations in California's Silicon Valley on Nov...

Korean retailers scale back on Southeast Asian operations

Korean retailers scale back on Southeast Asian operations

South Korea's top three retail groups -- Lotte, Shinsegae and GS -- are struggling with increased losses in the Southeast Asian market, once believe...

Korean Air gets Vietnam’s regulatory approval for acquisition of Asiana

Korean Air gets Vietnam’s regulatory approval for acquisition of Asiana

Korean Air Lines Co. (KAL) said on Tuesday it has obtained regulatory approval from Vietnam for its 1.8 trillion won ($1.6 billion) deal to acquir...

Korean game makers shun IBs for M&A deals

Korean game makers shun IBs for M&A deals

“We know which companies to buy after playing the games a few times.”More and more South Korean game developers are pursuing mergers and...

Celltrion looks beyond biosimilars to develop its own mRNA drugs

Celltrion looks beyond biosimilars to develop its own mRNA drugs

South Korea’s Celltrion Inc. has long been a biosimilar player, producing replicas of original drugs, a growing market in the pandemic era.Ear...

Global carmakers deliver unfinished cars due to chip shortage

Global carmakers deliver unfinished cars due to chip shortage

Global carmakers are now delivering unfinished cars, or vehicles without popular convenience features such as USB ports, to appease customers runnin...

Korean TV stars tipped for Kosdaq IPO windfalls

Korean TV stars tipped for Kosdaq IPO windfalls

A spate of South Korean entertainment companies' public listings will likely create windfalls of up to tens of millions of dollars for Korean TV sta...

KTCU values working-level opinions for alternative investment

KTCU values working-level opinions for alternative investment

“The South Korean stock markets have barely risen since early this year, while the markets in Japan and Taiwan are hitting highs. I believe Ko...

Korean Air surprises market with highest quarterly profit in 5 years

Korean Air surprises market with highest quarterly profit in 5 years

Korean Air Lines Co. (KAL) surprised the market on Friday by posting its highest third-quarter operating profit in five years, boosted by strong dem...

Korean auto parts makers call for govt financial support

Korean auto parts makers call for govt financial support

Representatives of South Korean auto parts makers on Friday called on the government to increase their financial support of the sector, including ta...

AIIB commits $60 mn to STIC Asia Infra Innovation Fund

AIIB commits $60 mn to STIC Asia Infra Innovation Fund

The Asian Infrastructure Investment Bank (AIIB) has committed $60 million to the STIC Asia Infrastructure Innovation Fund managed by South Korea&r...

NCSoft to unveil NFT-based, play-to-earn games in 2022

NCSoft to unveil NFT-based, play-to-earn games in 2022

NCSoft Corp., South Korea's leading game developer, will dip its toes into the realm of the blockchain and non-fungible tokens (NFT) by releasing pl...

S.Korea’s extra budget approved; IBs lift economic forecast BTS’ Suga, MLB star Chan Ho Park to join Oakland Athletics as shareholders Celltrion secures $730 mn to buy biosimilar unit shares, pursue M&A Korean commercial act revision to drive reevaluation of equities: J.P. Morgan S.Korea to elevate science minister to deputy prime minister to lead in AI race