Korean first-generation designer brand
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Companies
Samsung Electronics to standardize global CI
Samsung Electronics Co. has standardized its corporate identity (CI) by implementing the SAMSUNG logo at all international business sites. This move...
Oct 31, 2024 (Gmt+09:00)
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Korean startups
PEN Ventures: A skilled startup accelerator for entrepreneurs going global
For startup accelerators that nurture promising young entrepreneurs, identifying a soon-to-be-unicorn, or a company valued at over $1 billion, in ...
Oct 30, 2024 (Gmt+09:00)
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Upcoming IPOs
Cuckoo eyes $172 mn IPO of Malaysian unit in Kuala Lumpur: Bloomberg
South Korea’s leading rice cooker and small appliance maker Cuckoo Holdings Co. is said to be seeking to list its Malaysian unit in the Southe...
Oct 30, 2024 (Gmt+09:00)
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IPOs
South Korea’s Viva Republica drops Korean IPO plan, seeks US debut
Viva Republica Inc., a leading South Korean fintech unicorn and operator of mobile financial super app Toss, has dropped its plan to go public in th...
Oct 29, 2024 (Gmt+09:00)
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Batteries
S.Korea's Solus mass-produces copper foil in Hungary
Solus Advanced Materials, a South Korean copper foil supplier, said on Tuesday it started mass production at its second plant in Hungary, Europe&rsq...
Oct 29, 2024 (Gmt+09:00)
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Energy
DS Dansuk wins $750 mn SAF material order from Phillips 66
South Korea's DS Dansuk Co., which operates bioenergy, battery, and plastic recycling businesses, said on Monday it signed a 1 trillion won ($750 mi...
Oct 29, 2024 (Gmt+09:00)
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Banking & Finance
Korea's Hana Bank to promote foreigners as managers in overseas units
South Korean banks are set to reshuffle overseas units by promoting local staff to management positions, in a bid to boost the sluggish profitabilit...
Oct 28, 2024 (Gmt+09:00)
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ASK 2024
Korean LPs tighten due diligence on general partners
In the wake of COVID-19, South Korean pension funds and insurance companies have placed a greater focus on asset managers' capabilities for post-inv...
Oct 28, 2024 (Gmt+09:00)
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Banking & Finance
Mirae Asset's IRP deposits surpasses $7.2 bn in 2024
South Korea's Mirae Asset Securities Co. said on Friday it became the first in the industry to surpass 10 trillion won ($7.2 billion) in individual ...
Oct 25, 2024 (Gmt+09:00)
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Banking & Finance
MBK Partners named as Time World's Best Companies
South Korea's private equity firm MBK Partners Ltd. said on Friday it was selected in the "2024 World’s Best Companies" list by international ...
Oct 25, 2024 (Gmt+09:00)
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Retail
11Street to host grand shopping festival in November
South Korea’s e-commerce platform 11Street Co. will hold its annual Grand 11 shopping festival from November 1 to 11. Since 2008, the company...
Oct 25, 2024 (Gmt+09:00)
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K-pop
BTS Jin previews new song ‘I’ll Be There' ahead of release of his solo album
BTS Jin released “I'll Be There,” a preview track from his first solo album, on Friday, his agency Big Hit Music announced.“I'll B...
Oct 25, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Cosmax, Fudan Univ. to team up for microbiome research
Cosmax Inc., South Korea's largest cosmetics original development and design manufacturer (ODM), said on Friday it signed a memorandum of understand...
Oct 25, 2024 (Gmt+09:00)
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Bio & Pharma
ViGenCell obtains approval for HLA-B5801 genetic diagnostic kit for adverse reactions to gout treatment
ViGenCell, a company specializing in immunotherapy, announced on Friday that it has obtained approval from the Ministry of Food and Drug Safety (MFD...
Oct 25, 2024 (Gmt+09:00)
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Bio & Pharma
Samsung Bioepis eyes record sales in 2024 after stellar Q3
Samsung Bioepis Co., Samsung Biologics Co.'s fully owned biosimilar subsidiary, is expected to post its best-ever annual revenue this year after sal...
Oct 24, 2024 (Gmt+09:00)
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Bio & Pharma
SK Bioscience's SKYCellflu approved in Indonesia
SK Bioscience Co., a bio and pharmaceutical affiliate of South Korea's SK Group, said on Wednesday that The Indonesian Food and Drug Authority BPOM ...
Oct 24, 2024 (Gmt+09:00)
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Webtoons
Instagram poised to crack Korean webcomics market
Big tech has begun its encroachment on the South Korean webcomics market, largely dominated by local players over the past two decades, fanning fear...
Oct 23, 2024 (Gmt+09:00)
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Korean food
Korean food makers set sights on Europe with vegan, sugar-free offerings
PARIS – South Korean food companies such as Pulmuone Corp., Lotte Wellfood Co., Ottogi Corp. and Maeil Dairies Co. are gearing up for their ex...
Oct 23, 2024 (Gmt+09:00)
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Batteries
LG Energy, Stellantis’ EV battery JV in Canada mass-produces modules
LG Energy Solution Ltd., the world’s third-largest electric vehicle battery manufacturer, said on Wednesday its joint venture in Canada with m...
Oct 23, 2024 (Gmt+09:00)
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Venture capital
South Korean VCs in search of better returns abroad
South Korean venture capitalists’ appetite for foreign entrepreneurs shows no sign of waning as they continue to look for better returns overs...
Oct 23, 2024 (Gmt+09:00)
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Electronics
Samsung unveils generative wallpaper of AI TVs
Samsung Electronics Co. said on Wednesday the launch of its Generative Wallpaper feature for the 2024 Neo QLED and QLED models, powered by Tizen OS....
Oct 23, 2024 (Gmt+09:00)
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Artificial intelligence
Superb AI, Cisco to strengthen AI network cooperation
South Korean artificial intelligence (AI) startup Superb AI said on Tuesday it was awarded Select Developer from the global network giant Cisco Syst...
Oct 23, 2024 (Gmt+09:00)
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North Korea
North Korean Troops Train in Russia as Moscow Deepens War Coalition
North Korea has sent hundreds of special forces to eastern Russia for training in recent weeks, according to South Korea’s main intelligence a...
Oct 23, 2024 (Gmt+09:00)
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Aerospace & Defense
Hanwha Asset taps US for Korean defense ETF listing
Hanwha Asset Management Co., a financial service sibling of South Korea’s major defense and aerospace developer Hanwha Aerospace Co., is seeki...
Oct 22, 2024 (Gmt+09:00)
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Banking & Finance
S.Korea's Hana Card, KFCC launch first PLCC
South Korea's Hana Card said on Tuesday it launched the first private label credit card (PLCC) product, the "MG+ Credit Card Primo Hana Card" of the...
Oct 22, 2024 (Gmt+09:00)
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Artificial intelligence
SK Telecom launches PC version of A Dot
South Korea's SK Telecom Co. unveiled the multi-large language model (LLM) agent, the PC version of its AI personal assistant service "A. (A Dot)" o...
Oct 22, 2024 (Gmt+09:00)
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Regulations
Heavy inheritance, gift taxes spur rich Koreans to emigrate to Singapore
A South Korean co-CEO of a blockchain investment firm with hundreds of millions of dollars in assets moved to Singapore last year to avoid the North...
Oct 22, 2024 (Gmt+09:00)
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Artificial intelligence
S.Korean AI content platform Zeta surpasses 1 mn users
South Korean generative artificial intelligence (AI) startup Scatter Lab said on Monday its interactive AI content platform Zeta has surpassed 1 mil...
Oct 22, 2024 (Gmt+09:00)
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Corporate bonds
Korean brokerages flock to debt market with securities bonds on bull run
South Korea’s leading brokerage houses are flocking to the debt market as bonds issued by securities companies are in growing demand, industry...
Oct 22, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Bain Capital puts beauty device maker Classys on market
Bain Capital has embarked on the process to sell a majority stake in Classys Inc., a South Korean medical aesthetic device maker. The deal is estima...
Oct 21, 2024 (Gmt+09:00)
Latest News
- 1 Coupang bids for Korean luxury market dominance with Farfetch
- 2 Hyundai Rotem set to finalize $6 bn K2 tank order from Poland
- 3 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 4 Korea to allow non-profits to buy bad consumer loans
- 5 LG to drive future growth in emerging markets with battery prowess