South Korean firms roll out AI chatbots that tug at the heartstrings
If you are using artificial intelligence-powered chatbot services in South Korea, you may soon be receiving messages like this: “Would you lik...
Korean LPG firm E1 starts hydrogen fueling business
South Korea’s major liquefied petroleum gas (LPG) distributor E1 Corp. made inroads into the hydrogen industry by setting up the eco-friendly ...
SK E&S to invest $25 mn in turquoise hydrogen firm Monolith
SK E&S Co., the natural gas business unit of South Korea’s SK Group, said on Monday it is set to invest $25 million in US turquoise hydrog...
Korean exporters anxious ahead of EU's supply chain law
The majority of South Korea’s small and medium-sized exporters are concerned about a possible cancellation of orders or difficulty in winning ...
Korean micromobility startup Swing launches biz in Japan
South Korea’s shared micromobility startup The Swing Co. is making inroads in Japan, becoming the first domestic service provider in the secto...
Korean LCCs’ international flight recovery remains slow
South Korean budget airlines are seeing a slow recovery in international flights as key routes such as China and Japan have yet to normalize while t...
Won may head to 1,400 against the dollar for 1st time since 2008-09 crisis
The South Korean won is expected to weaken to 1,400 against the dollar, a level not seen since the 2008-09 global financial crisis as the country&rs...
Affirma’s bolt-on M&A strategy shines in S.Korea
Affirma Capital is a small player in South Korea’s private equity market, but its successful bolt-on strategy helps the mid-cap-focused invest...
South Korea’s Mirae Asset Group bets $100 million on SpaceX
Mirae Asset Securities Co. is poised to invest $100 million in US spacecraft and satellite communication corporation SpaceX. The South Korean f...
Kakao steps back from conflict over Google's in-app payment
South Korea’s Kakao Corp. has voluntarily removed an external payment link from the country’s largest messaging app KakaoTalk in complia...
Korean gaming entrepreneur Kim Jae-young joins billionaire ranks
Kim Jae-young, founder and chief executive of Lionheart Studio Corp., the company behind South Korea’s most popular mobile game Odin, has join...
Bain Capital, Lotte Chem. among shortlisted bidders for Iljin
A US private equity firm Bain Capital and South Korea’s major petrochemical manufacturer Lotte Chemical Corp. were among the shortlisted candi...
LG Innotek dwarfs Korean rivals with hefty investment plan
LG Innotek Co., a major supplier of camera modules for Apple iPhones, is the only South Korean company to announce a billion-dollar facility investm...
Samsung Engineering wins $680 mn gas plant project in Malaysia
Samsung Engineering Co. has won a $680 million gas plant construction order in Malaysia from UK-headquartered energy giant Shell plc’s subsidi...
South Korean startups team up with convenience stores for drone delivery
South Korean convenient stores are ramping up competition in the business of drone delivery. The initial target regions include the Seoul subur...
Keppel to buy waste disposal firm in its largest Korean deal
Singapore-based Keppel Infrastructure appears set to buy South Korea’s leading waste management and recycling company EMK Co. for around $600 ...
Samsung Elec. showcases virtual playground on Roblox
Samsung Electronics Co. unveiled a virtual playground within Roblox, the world’s top metaverse game platform with 54 million users a day, as t...
Dunamu to nurture 500 Korean startups to create jobs
Dunamu, the operator of South Kora’s largest cryptocurrency exchange Upbit, has launched two programs to support 500 startups over the next fi...
BOK likely to take 50-bp big step hike to curb inflation
South Korea’s central bank is expected to raise interest rates by 50 basis points (bps) on Wednesday for the first time in history to cool dow...
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...
