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 ...

LG Elec expands global auto electronics market share

South Korea’s LG Electronics Inc. is raising its market share in the global automotive electronics industry with the company’s audio, vi...

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 ...

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...

ViacomCBS, CJ ENM join hands to expand global businesses

ViacomCBS Inc., one of the top four US media conglomerates, and CJ ENM Co., South Korea’s entertainment powerhouse, have teamed up to expand t...

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...

Samsung reshuffles three major CEOs, combines mobile and consumer electronics units

Samsung Electronics Co., in a surprise move, has merged its mobile and consumer electronics businesses into a single unit, and replaced chief execut...

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 ...

Partners Group attracts Korea Post and local insurers to PE funds

Some major South Korean institutional investors have committed to Switzerland-headquartered global asset manager Partners Group's Secondary 2020 Fun...

POSCO International signs parts supply deal with US EV startup Rivian

POSCO International Corp., the trading unit of South Korea’s steel giant POSCO, said on Thursday it has signed a $6 million contract to supply...

Korean inflation nears 10-year peak in November, fanning rate hike views

South Korea’s consumer inflation hit a near-decade peak in November, fanning expectations that the central bank will raise interest rates agai...

Korea's biggest fund to invest $5.8 million in overseas VCs

Korea Venture Investment Corp. plans to invest $58.2 million or about 69 billion won in 10 funds around the globe. The government-backed fund o...

Hankook Tire buys Canada's self-driving sensor maker

South Korea's Hankook Tire Group has acquired a majority stake worth 204.5 billion won ($173 million) in Canada's Preciseley Microtechnology Corp., ...

NPS adds Warburg Pincus as real estate asset manager in Q3

The National Pension Service added New York-based private equity firm Warburg Pincus LLC to its pool of 58 global real estate investment manager...

MBK in talks to buy S.Korea's top shoe fabric maker

MBK Partners is in exclusive talks to buy Dongjin Textile Co., a South Korean family-owned business that supplies footwear textiles to companies inc...

STIC invests $843 mn in Korean copper foil maker Iljin

South Korean private equity firm STIC Investments Inc. said on Nov. 30 it will invest 1.1 trillion won ($843.1 million) to expand Korean elecfoil ...

Hyundai offers first peek of redesigned premium Genesis sedan G90

Hyundai Motor Co. on Tuesday unveiled exterior images of the new G90, a full model change version of the flagship sedan under its standalone premium...

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...

IONIQ 7 to beome home on wheels with LG appliances

Hyundai Motor Co.’s IONIQ 7, its new all-electric sport utility vehicle to be launched in 2024, will be equipped with the home appliances of L...

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 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

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...

LG Electronics names strategy chief as new CEO

South Korea's LG Electronics Inc. on Thursday appointed its strategy chief Cho Joo-wan as the company's new chief executive officer, in a major resh...

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

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

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