Adtech unicorn Moloco eyes global expansion with former Disney exec

Moloco Inc., an AI-powered advertising solutions startup, is set to accelerate its global business with a new executive hire from The Walt Disney Co...

Korean exporters fret over looming labor strife at Long Beach, Hamburg

South Korea’s major companies are anxious about looming labor strife at the Port of Long Beach, California and strikes at German ports –...

Korean manufacturers’ dependence on China intensifies

South Korean manufacturers are importing even more key industrial raw materials from China, deepening concerns over the dependence of Asia’s f...

S.Korean convenience stores extend rivalry to Malaysia

South Korea’s two largest convenience store chains GS25 and CU are branching out into Malaysia in search of new growth markets.GS Retail Co., ...

Korean firms eye alternative assets for safer investments, survey finds

South Korean corporates are increasingly eyeing alternative assets seeking downside protection amid interest rate hikes and equity and bond price dr...

Sell Korea intensifies as foreigners dump bonds for 1st time in 18 months

A selloff in risk assets in South Korea is intensifying as foreigners turned net sellers of Korean bonds for the first time in 18 months in June whi...

LIG Nex1 showcases guided rocket at top navy exercise

South Korea’s defense exporter LIG Nex1 Co. showcased its guided rocket at the world’s largest international maritime warfare exercise l...

Korean startups turn to restructuring amid liquidity concerns

Hit by shrinking liquidity around the globe, startups in South Korea are coming up with different ways to cut costs, most notably in human resources...

SD Biosensor seeks more M&As, to build diagnostic kit plant in US

SD Biosensor Inc., the world's largest COVID-19 test kit seller, is seeking additional merger and acquisition targets in the US following its recent...

Korean PE firms' 2021 funds bet on parts makers, dividend stock

IMM Investment Co. and STIC Investments Co., the two most active South Korean private equity firms in 2021 fundraising, made bets on a dividend-focu...

Celltrion, Samsung Biologics eye record-high annual sales

South Korea’s two major biopharmaceutical companies, Celltrion Inc. and Samsung Biologics Co., are respectively expecting more than 2 trillion...

SD Biosensor, SJL Partners to acquire Meridian Bioscience for $1.53 bn

SD Biosensor Inc., the world's largest COVID-19 test kit seller, and private equity firm SJL Partners LLC are jointly acquiring Meridian Bioscience ...

Korean retirement funds, mutual aids struggle with profitability

Some major retirement funds in South Korea are raising interest rates on their members’ savings accounts in line with global central banks&rsq...

LG Elec. profit down on costs; automotive biz back in the black

LG Electronics Inc., the global home appliance maker, suffered a lower profit in the second quarter on the back of rising commodity and logistics co...

POSCO, LS Electric to build EV parts plants in Mexico

South Korea's POSCO International Co. broke ground on an electric vehicle parts plant in northern Mexico on July 6, while LS Electric Co. signed a t...

Korean companies' net issuance of bonds in H1 hits six-year low

South Korea’s net issuance of corporate bonds during the first half of 2022 was its lowest in six years, according to Korea Financial Investme...

Korean won forecast to weaken further after hitting 13-year low

The South Korean won is expected to further depreciate after touching its lowest level since the 2008-2009 global financial crisis, on concerns that...

Korea hydrogen council launches $382 mn fund

The Korea H2 Business Summit, a business council established by South Korea’s leading conglomerates to invest in the hydrogen industry, launch...

Hyundai E&C, Samsung Eng. partner with Saudi Aramco

South Korea’s Hyundai Engineering & Construction (Hyundai E&C) Co. and Samsung Engineering Co. were selected as official partners of N...

Small S.Korean PE firms flex muscle during pandemic

Private equity firms registered in South Korea enjoyed a 20% jump in their accumulated commitments in 2021 as a whole, led by small and medium-sized...

CJ CheilJedang to rev up Korean food sales in Europe

South Korean food giant CJ CheilJedang Corp. is set to accelerate the expansion of its Korean food business in Europe. It aims to increase annual fo...

Ssangyong to raise Torres SUV output for turnaround

South Korea’s Ssangyong Motor Co. will ramp up the production of its new sport utility vehicle to meet strong demand, hoping the Torres will h...

POSCO sees battery materials sales double by 2030

South Korea’s POSCO Holdings Inc. expects sales of its rechargeable battery materials to more than double to 41 trillion won ($31 billion) by ...

June Huh, mathematician of Korean descent, wins 2022 Fields Medal

June Huh, a Korean American mathematician and Princeton University professor, has won this year's Fields Medal, a prestigious prize awarded to young...

Precision to supply to Antech for US vet diagnostics market entry

A number of veterinary diagnostics companies are struggling to differentiate themselves in the global market. According to Grand View Research Inc.,...

Cosmax to conduct joint research with Universitas Indonesia

Cosmax Inc. announced Tuesday it recently signed a memorandum of understanding (MOU) with Universitas Indonesia’s Department of Pharmacy to co...

Korean firms with high ESG scores show great P/E ratios

South Korean corporates’ price-earnings ratios are affected by their environmental, social and governance (ESG) management, experts said at an...

LG Energy surrenders No. 2 EV battery position to BYD

LG Energy Solution Ltd., South Korea’s leading battery maker, gave up its second-largest position in the global electric vehicle cell market...

Top S.Korean firms face carbon neutrality dilemma

South Korea’s top 30 companies emitted their largest-ever amount of carbon dioxide last year, contrary to their goal of reducing greenhouse ga...

Korean biotech firms fold COVID-19 therapeutics development businesses

A string of South Korean pharmaceutical and biotech companies are waving the white flag when it comes to developing COVID-19 treatments. As the...