Microsoft $69 bn bet spurs Korea game makers' search for metaverse deals

South Korea’s game developers are expected to seek more acquisitions of the metaverse and non-fungible token (NFT) companies for new profit so...

Vegan foodmaker Organica attracts funding from China's CITIC

Plant-based food company Organica Corp. has attracted investment from China’s alternative investment firm CITIC Capital Holdings Ltd. This mar...

Squid Game’s mega-hit spurs Netflix to release record K-content

Netflix Inc. plans to release 10 additional Korean-language originals this year as the smash success of Squid Game has impelled the world’s to...

One in 10 Koreans rushes for LG Energy shares ahead of $8.6 billion IPO

The world’s second-largest electric vehicle battery maker LG Energy Solution Ltd. has set a new record for initial public offering demand, wit...

Vietnam gives traction to Korean banks' global push

South Korea's leading banks began to reap the rewards of their efforts to become regional players in Asia, with their aggressive investments in Viet...

Korean tire makers to raise prices on higher costs

South Korea’s three leading tire makers joined the global industry’s plans to raise product prices to maintain profitability amid higher...

AI humans take quantum leap in Korean entertainment and media

At first glance, ETERN!TY is similar to other K-pop bands – dancing to upbeat music and the female members donning pink tennis outfits. W...

KTCU names financial investment head as new CIO

Korean Teachers’ Credit Union (KTCU) has named its former Financial Investment Department head Park Man-soo as its new chief investment officer,...

Kospi in lethargic trade ahead of LG Energy debut

South Korea's benchmark stock index Kospi declined to its lowest closing level in one and a half months on Monday, moving in the opposite direction ...

Lotte acquires Chicago-based hotel for $36 mn K-style rebrand

Hotel Lotte Co., retail conglomerate Lotte Group’s luxury hotel operator, completed the acquisition of Kimpton Hotel Monaco in Chicago for $...

ESG fever puts Korean oil refiners in quandary over facility upgrades

South Korea’s four major oil refiners have for decades been at the forefront of the industry push to upgrade facilities, a combined multi-bill...

SK Networks invests $20 mn in vegan leather producer

SK Networks Co. announced Friday it has invested $20 million in California-based biotech startup MycoWorks. The general trading arm of South ...

Korean Air wary of Asiana deal after EU blocks HHI-DSME merger

Korean Air Lines Co. and Asiana Airlines Inc. are wary of the fate of their proposed merger after the European Union blocked the combination of Sout...

Korean AI startups blaze trails in overseas markets

Artificial intelligence-powered image analysis company Alchera Inc. is working with PG&E (The Pacific Gas and Electric Company (PG&E) in t...

Bank of Korea may hike rates this week to curb inflation, household debt

South Korea’s central bank is almost certain to raise interest rates on Friday to curb inflation and household debt as the US Federal Reserve ...

LG Energy sets new IPO record with $9.65 trillion investor demand

LG Energy Solution Ltd., the world’s second-largest battery maker, has set a new record for an initial public offering with demand for its sha...

Korean investors inject $1.2 bn in Australian PPP

Korean investors have injected around A$1.7 billion ($1.2 billion) with a 32-year maturity through senior loans for A$11.1 billion ($8 billion) in t...

AmazeVR receives $15 mn from Korean VCs

AmazeVR Inc. received a total of $15 million from leading South Korean venture capital firms. The virtual reality platform allows users to experie...

E-Land sells Shanghai warehouse for $2.2 bn to lower debt ratio

Retail conglomerate E-Land Group completed selling its first overseas logistics center in Shanghai for about 1.4 billion Chinese yuan ($2.2 billion)...

The Princeton Review up for sale by Korean edutech firm

South Korea's leading edutech service firm has put The Princeton Review up for sale, five years after it acquired the US college test preparation se...

Korean REITs total assets surpass $58 bn in 2021

The combined total assets of real estate investment trusts (REITs) in Korea surpassed 70 trillion won ($58.4 billion) as of the end-2021, 20 years a...

CICC to form up to $3.3 bn funds for bio, chips in Korea and others

CICC Capital, a private equity firm of China's largest investment bank China International Capital Corporation (CICC), will create funds with a comb...

Korean won touches 18-month low as Fed may raise rates sooner

South Korea’s won currency hit a 1-1/2-year low as the US Federal Reserve signaled the central bank may raise interest rates sooner than expec...

Dubai sovereign fund injects $52 mn in debt-laden Ssangyong E&C

Ssangyong Engineering & Construction Co. has raised 62.1 billion won ($51.6 million) in a rights issue from its largest shareholder Investment C...

Nexon invests $400 mn in Avengers directors' film company

Online game developer Nexon Co. has completed a $400 million investment in AGBO, a US entertainment company founded by Avengers film series co-direc...

Lotte, Shinsegae compete head-on for Ministop Korea

South Korea's two retail heavyweights Lotte and Shinsegae are in head-to-head competition for the country's fifth-largest convenience store chain Mi...

Korean Air’s post-merger plan hits snag after conditional approval

Korean Air Lines Co. faces growing pressure from the country’s antitrust regulator to drastically adjust its post-merger integration plans aft...

Hyundai’s Chung charts vision as top-tier eco-friendly auto brand

South Korea’s top automaker Hyundai Motor Group on Monday set out its vision to be a top-tier eco-friendly auto brand with its focus on electr...

Korean dental implant maker hit by $160 mn embezzlement

Trading in shares of South Korea's top dental implant manufacturer Osstem Implant Co. was suspended on the Kosdaq market on Monday, after the compan...

Time to buy Korean chipmakers; Samsung among 2022 top picks

The year of the tiger will see decent stock price gains in leading chipmakers such as Samsung Electronics Co. and SK Hynix Inc. on expected hypersca...