Diageo sells whisky business to Bayside-led consortium for $194 mn

Diageo Korea Co., London-headquartered multinational beverage alcohol company Diageo plc’s Korean affiliate and the biggest whisky importer in...

Hyundai revs up shares in Korean EV parts makers

South Korea's electric vehicle components market is heating up as top automaker Hyundai Motor Group accelerates its transformation into an EV manu...

Korea battery makers suffer under growing China dominance

South Korean battery manufacturers are suffering from the growing dominance of their Chinese competitors in the world’s electric vehicle marke...

Hyundai Motor closes engine development division

Hyundai Motor Group, South Korea’s top automaker, will stop developing new internal combustion engines in order to accelerate its transformati...

Naver Webtoon to acquire Korea’s virtual human maker

Naver Webtoon Ltd., the digital comics platform of South Korea’s online portal giant Naver Corp., is set to acquire the management rights of d...

Indian startups: Korean VCs' new target after China

South Korean venture capital firms and online giants are flocking to startups in India, a country with the world's second-largest population and low...

IGIS pre-purchases Amazon, FedEx warehouses

IGIS Asset Management Co., South Korea’s largest real estate asset manager, has made a forward funding deal of three logistics centers under...

Rechargeable battery shares slump to lowest level in a year

Rechargeable battery shares in Korea are continuing their slide, hit by global supply shortages. In addition to the companies that produce completed b...

Tiger Alternative liquidates its structured fund with over 15% IRR

South Korea’s Tiger Alternative Investors Co. has liquidated its structured fund backed by shares of US-based business development companies...

Korean steel mills rush to secure metal scrap from abroad

South Korean steelmakers, led by POSCO Co., are rolling up their sleeves to secure metal scrap as they are shifting into less carbon-intensive steel...

Nexen Tire invests in US urban air mobility startup ANRA Technologies

Nexen Tire Corp., Korea’s third-largest tire maker, has made an undisclosed amount of equity investment in ANRA Technologies, a US urban air m...

Korean unicorns jump fivefold in four years with record investment in 2021

Investment in South Korean startups hit an all-time high in 2021 as the number of new unicorns, unlisted companies with a valuation topping $1 billi...

SK Vice Chair Chey Jae-won reinstated into leadership after eight-year hiatus

Chey Jae-won, the younger brother to SK Group Chairman Chey Tae-won, returned to the conglomerate’s leadership on Dec. 17, after an eight-year...

Korean core companies’ stocks underperform global peers

The world sought new opportunities in 2021, recovering from the shock of the COVID-19 pandemic. Global major companies have been in cutthroat compet...

GS E&C secures €70 mn green loan from BNP Paribas for warehouses

South Korea’s construction conglomerate GS Engineering & Construction (GS E&C) said on Dec. 16 it has become the first Korean constr...

SK to co-invest $50 mn in US-based Fulcrum BioEnergy

South Korea's SK Inc. on Thursday said it would co-invest $50 million in the US-based Fulcrum BioEnergy with a domestic private equity fund, in a bi...

Korean Air to fly high on China’s cargo conversion ban

Korean Air Lines Co. is expected to benefit from China’s ban on conversion of airliners into freighters since the measure is likely to further...

LG Chem, LG Energy acquire 2.6% of battery startup Li-Cycle for $51 million

South Korea’s top chemical manufacturer LG Chem Ltd. and its battery affiliate LG Energy Solution Ltd. have acquired a combined 2.6% stake in ...

Korea’s MedPacto, Merck plan phase 3 trials of colorectal cancer drug

MedPacto Inc., a South Korean biotechnology company that develops therapeutics for cancer and autoimmune diseases, has agreed with global drugmaker ...

Korea exports hit record to top $640 bn in 2021

South Korea’s exports have reached an all-time high thanks to strong overseas demand for key products such as semiconductors amid the global e...

Patrizia sells Astro Tower in Brussels on behalf of Korean LPs

Patrizia AG, a Germany-based global leading real estate investment firm, said on Dec. 13 it has sold the shares of the company owning Brussels&rsq...

KAIST to establish New York campus by 2025

Korea Advanced Institute of Science & Technology (KAIST), a prestigious national research university in South Korea, is slated to establish a ...

POSCO approves holding company plan for eco-friendly business

South Korea’s POSCO Co. is set to split off the company to launch an investment holding firm, 21 years after its privatization. The move aims ...

Korean duty free shops take opposite paths to draw Chinese shoppers

There appear to be two diverging roads for South Korea's top duty free operators Lotte and Shilla: expanding outside China, or going deeper inside t...

Korea's EcoPro BM to build first overseas plant in Hungary

EcoPro BM Co., South Korea’s top cathode materials producer, has decided to set up its first overseas plant in Hungary.EcoPro BM on Dec. 9 ann...

NPS and six Korean LPs commit $730 mn to Ardian's infra secondaries

Seven South Korean limited partners have committed $730 million to Paris-headquartered alternative asset manager Ardian SA’s secondaries fund ...

Korean shipbuilders win record LNG carrier orders; 2022 outlook bright

South Korea’s three major shipbuilders have swept global orders for LNG carriers, more profitable than oil tankers and container ships, amid s...

Year-end inflow to Korean main bourse sign of foreigner comeback?

Foreign investors are poised to extend their buying spree in South Korea’s main stock market to a sixth straight session, spurring hopes for t...

Moody's sees low risk of burst in S.Korean property bubble

South Korea's real estate prices have risen at a rapid pace over the past two years, but that would not indicate an increased risk of loan defaults ...

Korean wage growth increases inflationary pressure

South Korea’s wage growth in the third quarter hit its highest point in three and half years, adding to inflationary pressure in Asia’s ...