SK On narrows bidders to BlackRock, Carlyle, KKR, GIC

South Korean battery maker SK On Co. has narrowed bidders for its shares worth up to $3.3 billion to four candidates -- BlackRock, The Carlyle Group...

S.Koreans' global shareholdings at record $588.5 bn

South Korean institutional and retail investors sharply raised their risk appetite last year, gobbling up Nasdaq-listed technology stocks such as Te...

Tougher sanctions on Russia put S.Korean exporters on high alert

As the US and its allies are toughening up sanctions against Russia, South Korean exporters of smartphones, home appliances to automobiles are raisi...

Korean shipbuilders set for more orders on Ukraine crisis

South Korea’s shipbuilders are expected to get more orders on the escalating crisis in Ukraine as Europe is diversifying natural gas suppliers...

China’s Geely challenges Hyundai with entry to Korea’s e-truck market

China’s largest privately owned carmaker Zhejiang Geely Holding Group Co. is entering South Korea’s electric truck market to compete wit...

LG Electronics to pull out of solar panel market

South Korea's LG Electronics Inc. said on Wednesday it has decided to close its solar panel business in the face of deepening competition and sluggi...

Hanwha Defense secures land for K9 howitzer production in Australia

Hanwha Defense Co. announced Wednesday it has secured a large property in Australia for building a production facility for the K9 Thunder self-prope...

Korean battery sector to heat up IPO market again

South Korea’s battery industry is expected to heat up the initial public offering market later this year as battery materials and equipment ma...

88% of Korean LPs want speedy capital deployment

Asset managers' track record and risk management are the most important factors for South Korean major limited partners when considering new partnersh...

Korea approves Korean Air-Asiana merger; hurdles remain

The proposed merger of Korean Air Lines Co. and Asiana Airlines Inc. has moved one step closer to completion with approval by South Korea’s an...

Live commerce platforms like Grip to keep growing in Asia Pacific: Google

In April 2021, there were some 200 unicorns in the Asia Pacific region, second only to the United States which had 290 startups each valued at $1 bi...

LG recruits former WH deputy chief of staff Joe Hagin for govt relations

LG Corp. announced on Sunday that the group has recruited former White House deputy chief of staff Joe Hagin for its Washington D.C. office. Ha...

92% of Korean LPs won't increase real estate exposure

Institutional investors of South Korea aim to increase their alternative assets, focusing on expanding private debt, according to a recent survey of...

LS-Nikko Copper to sell $670 million JV stake to Korean PEFs

LS-Nikko Copper Co., the world’s second-largest electrolytic copper maker, is set to sell an 800 billion won ($670 million) stake in a joint v...

Korean chipmakers to cut core solvent imports for EUV process

South Korean chipmakers are expected to reduce imports of a core solvent of the extreme ultraviolet (EUV) process for semiconductor manufacturing as...

Korean drone manufacturer aims for 2023 Kosdaq IPO

South Korea's commercial drone manufacturer Nearthlab plans to apply for an initial public offering this year to get listed on the junior Kosdaq mar...

APG urges Samsung, other Korean carbon emitters to take action

Europe’s largest pension fund manager APG has urged Samsung Electronics Co. and nine other major South Korean companies to drastically cut the...

Korean biotech startup signs license deal with US firm

South Korea's biotech startup Novelty Nobility Inc. has signed a global license agreement for its antibody treatment candidate with a US biopharmace...

Korean Air to deploy Boeing 737 Max aircraft from March

Korean Air Lines Co. will start flying Boeing 737-8 aircraft from March, nearly two years after the global grounding of the jet type by airlines in ...

Tesla to face fine over allegedly overstated mileage

Tesla Inc. has faced accusations in South Korea of failing to inform drivers of a sharp drop in the mileage of its electric vehicles at sub-zero tem...

Korean orchestras foster cross-genre collaborations

Seoul Philharmonic Orchestra and SM Entertainment Co. signed a memorandum of understanding last week to collaborate across different musical genres....

Smilegate’s Lost Ark becomes second most played game on Steam

Smilegate Entertainment Inc.’s Lost Ark has become the second most played game within a couple of days after its launch on Steam, the world&rs...

Blurring lines between accelerators and VCs with record fundings

Sopoong Ventures Corp. is poised to create a fund worth 10 billion won ($8 million) that specializes in early stage investment, industry insiders sa...

Korean money flows to China exceed investment in North America

South Korean money inflows to Chinese stocks exceeded investment in North America as sluggish US shares spurred investors to bet on a recovery in th...

MBK, IMM to invest over $300 mn in Megazone Cloud

MBK Partners and IMM Private Equity will each be investing 200 billion won ($167 million) in Megazone Cloud Corp., the first South Korean business p...

Korean Dongkuk Steel profits surge as Brazil CSP turns profitable

Dongkuk Steel Mill Co., the world’s leading manufacturer of color-coated steel, reported the largest operating profit in 13 years on strong de...

Korean VCs bet big on pet care startups

Startups in the pet industry are gaining traction on the back of a rising number of pet owners in South Korea. Industry insiders say several pe...

Saudi sovereign wealth fund buys $700 mn stake in NCSoft

Saudi Arabia’s Public Investment Fund (PIF) has increased its stake in South Korea's leading gaming company NCSoft Corp. to become its fourth-...

Korean bank profits at record-high as borrowers struggle under debt

South Korea’s major banks posted record earnings last year, boosted by higher interest income amid the central bank’s easing monetary bi...

Nuvilab uses the latest tech to tackle age-old issue of food waste

South Korea’s food data analysis firm Nuvilab, Inc. is not a household name – at least yet. The startup is rather familiar to investors...