LG, CJ join other Korean firms to run offices in Washington

 LG, CJ join other Korean firms to run offices in Washington

WASHINGTON D.C. – South Korea’s major business conglomerates are heading to Washington D.C. to run offices handling regulatory and gover...

Korea’s major refiners bid for top local biodiesel material maker

Korea’s major refiners bid for top local biodiesel material maker

SK Innovation Co., S-Oil Corp. and Hyundai Oilbank were among the preliminary bidders for South Korea’s top biodiesel material maker DK O&...

Chips, auto, display stocks rebound as supply shortage eases

Chips, auto, display stocks rebound as supply shortage eases

Shares in South Korea’s chipmakers, automakers and display producers have begun to rebound on growing signs that the global supply shortage wi...

LG overtakes Whirlpool as top home appliance maker after strong Q3

LG overtakes Whirlpool as top home appliance maker after strong Q3

LG Electronics Inc. has overtaken bigger home appliance rival Whirlpool Corp. after posting record quarterly sales, comfortably putting it on course...

Korea Post advises more GPs set up Korean offices for better partnerships

Korea Post advises more GPs set up Korean offices for better partnerships

Korea Post looks to expand asset classes that can hedge inflation and earn benefits from rising interest rates despite concerns of stagflation and c...

Koramco puts $103 mn in funds for US university housing

Koramco puts $103 mn in funds for US university housing

Koramco Asset Management Co., one of the top asset managers in Korea and a 100% subsidiary of Koramco REITs Management & Trust Co., said on Oc...

Samsung Biologics-made Moderna vaccine available to Koreans this week

Samsung Biologics-made Moderna vaccine available to Koreans this week

Moderna Inc.’s COVID-19 vaccine first produced by Samsung Biologics Co. under a contract manufacturing organization (CMO) service will be avai...

Slower Korean economic growth puts 4% target at risk

Slower Korean economic growth puts 4% target at risk

South Korea’s economy expanded slower than expected in the third quarter on sluggish private consumption and capital expenditures offset healt...

Top Korean LPs to discuss post-pandemic investments

Top Korean LPs to discuss post-pandemic investments

The Korea Economic Daily is hosting Asia's biggest alternative investment forum in Seoul on Oct. 27, where chief executives of the National Pension ...

Sweden's EQT staffs up in Asia with focus on Korea

Sweden's EQT staffs up in Asia with focus on Korea

EQT Partners, Europe's largest private equity firm, is staffing up its Asia Pacific team with a focus on South Korea, the investment firm said on Mo...

AgTech attracts global billionaires’ investment

AgTech attracts global billionaires’ investment

Microsoft co-founder Bill Gates, Amazon founder Jeff Bezos and Softbank Group founder Masayoshi Son have recently shown a common interest in a surpr...

Edison CEO aspires to be Korea’s Elon Musk with Ssangyong takeover

Edison CEO aspires to be Korea’s Elon Musk with Ssangyong takeover

Kang Young-kwon, chairman and chief executive of South Korea’s Edison Motors Co., was virtually unheard of in the country’s automobile i...

Korea’s Nuri: Mission unaccomplished, but one step closer to space

Korea’s Nuri: Mission unaccomplished, but one step closer to space

South Korea has launched its first domestically designed and developed space rocket Nuri, but failed to put a satellite into orbit, thwarting its bid ...

Edison-led consortium named preferred buyer of Ssangyong Motor

Edison-led consortium named preferred buyer of Ssangyong Motor

A consortium led by electric bus maker Edison Motors Co. has been named the preferred buyer of South Korea’s troubled sport utility vehicle ma...

STIC raises $25 mn to co-invest in US oil terminal

STIC raises $25 mn to co-invest in US oil terminal

South Korea's STIC Alternative Co. has raised $25 million to invest in a special purpose company of the Carlyle Group, which owns 50% of an oil expo...

EQT to open Seoul office by yr-end to source Korean deals

EQT to open Seoul office by yr-end to source Korean deals

EQT Partners will be opening its Seoul office this year for the first time, as the Swedish private equity firm is preparing to source deals in South...

Netflix’s Squid Game slammed by Kim Jong-un’s propagandists as ‘beastly’

Netflix’s Squid Game slammed by Kim Jong-un’s propagandists as ‘beastly’

SEOUL—“Squid Game,” Netflix Inc.’s dystopian drama set in South Korea, is the top-watched show in more than 9...

S.Korean companies stockpile record-level dollar holdings

S.Korean companies stockpile record-level dollar holdings

South Korean companies have built up their dollar holdings to record levels, following record-breaking shipment growth this year, as rising raw mate...

Are Korean battery materials stocks too expensive?

Are Korean battery materials stocks too expensive?

South Korean battery materials shares have rallied with their market capitalization nearly doubling since early January thanks to strong growth in t...

FNC Entertainment next in line for global success, shares surge

FNC Entertainment next in line for global success, shares surge

Shares of FNC Entertainment Co., a mid-size South Korean entertainment agency, are surging on expectations that offline concerts will soon resume wi...

Korean OTT platform TVing to go abroad with Naver's LINE

Korean OTT platform TVing to go abroad with Naver's LINE

South Korea's over-the-top (OTT) streaming platform TVing Co. will make its inroads into Japan and Taiwan next year and into the US in 2023, tapping...

Yet another Netflix hit lifts Korean content stocks even higher

Yet another Netflix hit lifts Korean content stocks even higher

South Korea’s major content production houses’ stocks rallied again on the success of yet another Netflix hit drama series, My Name.Shar...

LG Energy, Stellantis to launch $3.4 billion EV battery JV in US

LG Energy, Stellantis to launch $3.4 billion EV battery JV in US

South Korea’s LG Energy Solution Ltd. and multinational automaker Stellantis N.V. are launching a 4 trillion won ($3.4 billion) joint venture ...

Korean VC firms expand investment in Southeast Asia

Korean VC firms expand investment in Southeast Asia

South Korean venture capital firms are expanding their investment in Southeast Asia,  where startups grow rapidly based on a large population.K...

Race to produce high-nickel batteries accelerates

Race to produce high-nickel batteries accelerates

South Korea's top three electric vehicle battery makers -- LG Energy Solution Ltd., SK On and Samsung SDI Co. -- are gearing up for full-scale produ...

S.Koreans' global stock, bond holdings at record high

S.Koreans' global stock, bond holdings at record high

South Korean investors maintained their buying spree in overseas equities and bond markets, with the balance of their holdings in both securities re...

Korean P2P lending platform 8Percent raises near $40 mn

Korean P2P lending platform 8Percent raises near $40 mn

South Korea-based online peer-to-peer lending platform 8Percent has secured 43.5 billion won ($38.3 million) in an investment round led by the Silic...

Plug-in hybrids a dying breed as carmakers favor battery EVs

Plug-in hybrids a dying breed as carmakers favor battery EVs

A plug-in hybrid electric vehicle (PHEV) was once touted as the next-generation automobile technology as such models carry the strengths of both a c...

Blind pool funds eclipse project funds for Korean asset managers

Blind pool funds eclipse project funds for Korean asset managers

A growing number of South Korean asset management firms are preparing to launch their own blind pool funds for global real estate investments, which...

Korean shipbuilders turn focus to high-value vessels

Korean shipbuilders turn focus to high-value vessels

South Korean shipbuilders, brimming with heavy order backlogs, are turning their focus to high-value and eco-friendly vessels for new orders as the ...

HYBE to bring K-pop idol playbook to India, tapping local talent POSCO sets sights on lithium production in US Goldman Sachs acquires Mercure Ambassador: 1st stint with Korean hotel sector S.Korea’s pension fund NPS posts much weaker returns amid US tariff concerns S.Korea names budget veteran as finance minister to prop up economy