World’s No.1 magnet wire maker SPSX mulls Korean IPO

Superior Essex Inc. (SPSX), the world’s top magnet wire provider under South Korea’s LS Group, is mulling an initial public offering in ...

Korea Eximbank provides $1 bn in PF for Saudi Amiral project

The Export-Import Bank of Korea (Eximbank) announced on Thursday that it will provide $1 billion in project financing for the Amiral petrochemical f...

Celltrion eyes M&A in Europe, $3.3 bn Zymfentra sales: chairman

WASHINGTON, D.C. – South Korean biosimilar giant Celltrion Inc. is accelerating its push to transform into a novel drug developer, going after...

LG CNS' marketing platform MOP surpasses 800 corporate customers

South Korea’s LG CNS Co., a cloud computing services arm of LG Corp., announced on Thursday that its Marketing Optimization Platform (MOP), la...

SK Broadband's Filmotalk surpasses 6.6 mn cumulative views

South Korea’s internet service provider SK Broadband Co. announced on Wednesday that the cumulative viewership of its offline film talk concer...

Korean investors turn to private credit, secondaries: CIOs

South Korean institutional investors favor private credit as interest rates are expected to remain higher for longer, said speakers at the chief inv...

Japan’s Toray to spend $366 mn on Korean capacity expansion

Japan’s Toray Industries Inc., the leading global carbon textile manufacturer, plans to spend 500 billion won ($366.3 million) to expand eco-f...

Lunit buys breast cancer detection AI firm Volpara Health

Lunit Inc., a South Korean cancer diagnostics AI company, has completed the acquisition of Volpara Health Technologies Ltd., a New Zealand-based AI ...

Samsung to unveil QLC-based NAND in H2 to lead AI storage market

Samsung Electronics Co., the world’s largest memory chipmaker, plans to unveil a new high-capacity NAND memory chip in the second half to lead...

Korea Investment to expand CLO portfolio with Anchorage Capital

Korea Investment & Securities Co. will scale up its collateralized loan obligation (CLO) business with New York-based investment firm Anchorage ...

POBA favors data centers, senior housing in Europe: CIO

South Korea’s Public Officials Benefit Association (POBA), a retirement fund with assets under management (AUM) of 26 trillion won ($19.1 bill...

Nexon releases Dungeon & Fighter Mobile in China

South Korea’s online game developer Nexon Korea Corp. on Tuesday officially launched the action role-playing game (RPG) Dungeon & Fighter ...

HL Holdings wins exclusive AS parts deal from Stellantis

HL Holdings Corp., the holding company of South Korea’s construction-to-auto parts conglomerate HL Group, will be the exclusive supplier of af...

Naver beleaguered by weak Korean businesses amid Line woes

South Korea’s online giant Naver Corp. is struggling with sluggish core domestic businesses – commerce, search and sports – as Jap...

Korean construction machine makers set sights on India, Brazil, Mexico

South Korea’s leading construction machine makers are actively advancing into emerging markets such as India, Brazil, Mexico and Saudi Arabia,...

Samsung cements TV market lead in Q1; LG tops OLED segment

Samsung Electronics Co. has retained the top spot in the global TV market in the first quarter of this year, cementing its lead in the ultra-large p...

Samsung’s new AI PC to hit global market in mid-June

Samsung Electronics Co. will start offering the Galaxy Book4 Edge, a new addition to its latest flagship Galaxy Book4 laptop series and powered by b...

KIC eyes direct lending with high return potential: CEO

Sovereign wealth fund Korea Investment Corporation (KIC) seeks opportunities in direct lending for companies that are not cyclically sensitive and g...

Korea Inc. nearly triples dividend payments in decade

Cash dividend payments by companies listed on the Korea Exchange, the country's main bourse, have nearly tripled in a decade. They have returned a l...

Hotel Lotte resumes global push with management deals

Hotel Lotte Co., South Korea’s leading hospitality, leisure and travel retail giant, has resumed its global expansion push after its hotel and...

Amorepacific's Aestura to enter Thai market

South Korean beauty and cosmetics giant Amorepacific Corp. announced on Monday that its derma cosmetic brand Aestura will enter Thailand.Aestura joi...

Korean Air, Amazon to build AI customer center

South Korea's Korean Air Lines Co. announced on Monday that it will build an artificial intelligence (AI) contact center (AICC) platform in collabor...

Korean banks broaden horizons to Mexico, Poland, Africa

South Korean banks are broadening their horizons beyond Asia into Mexico, Poland and Africa in step with Korean manufacturing companies’ globa...

Block deals of Korean stocks surge ahead of tighter regulation

Block trades of South Korean listed shares have surged by six times so far this year from the same period in 2023, according to the Financial Superv...

Conversational AI startup Rapeech attracts $4.4 mn investment

South Korean conversational artificial intelligence (AI) startup Rapeech announced on Sunday that it attracted an investment of 6 billion won ($4....

SK seeks to sell 13.3% stake in Chinese food firm Joyvio

SK Inc., the holding company of South Korea’s second-largest business group SK, is in talks with Joyvio Group to sell its entire 13.3% stake i...

Young rich Koreans set sights on M&As, commercial property deals

Young rich Koreans have emerged as big players in South Korea’s asset management market, expanding into M&As and commercial real estate, a...

Investors dump Korean biotech HLB stocks on FDA rejection

HLB Co. and its affiliate stocks tumbled on Friday on news that the South Korean biotech group’s highly anticipated new cancer treatment Rivoc...

Korean landfill companies put on market after Affirma deal

South Korea’s landfill companies are increasingly being put up for sale, drawing interest from private equity firms and environmental companie...

Samyang tops Korean ramen makers by market cap, beating Nongshim

South Korean food maker Samyang Foods Co., globally renowned for its Hot Chicken Flavor Ramen, saw its stock hit a record high on Friday after it de...