Glenwood buys three waste management firms for about $190 mn

Glenwood Private Equity on Tuesday signed an agreement to buy three waste management companies from small South Korean business group Bubang for aro...

MBK Partners’ 6th buyout fund raises $5 bn at 2nd close

MBK Partners, a North Asia-focused private equity firm, has completed the second closing of its sixth buyout fund at $5 billion, on course to reach ...

Panmnesia raises $57 mn in Series A funding

Panmnesia, a South Korean fabless startup specializing in compute express link (CXL) technology, said on Tuesday it raised 80 billion won ($57 milli...

Naver, Saudi Arabia's NHC to build JV

South Korea’s Naver Corp. said on Monday it signed a memorandum of understanding (MOU) with Saudi Arabia’s National Housing Company (NHC...

Hyundai Rotem to supply ground weapons to Peru

South Korea's Hyundai Rotem Co. said on Monday it signed an agreement with the Peruvian Army to supply K2 main battle tanks, armored vehicles, and o...

Korea’s Lunit in AI-powered lung cancer diagnostics deal with AstraZeneca

Lunit Inc., a South Korean AI-powered cancer diagnostics company, has partnered with global biopharma giant AstraZeneca plc. to jointly enter the AI...

Samyang Foods Buldak Topokki enters Walmart in US

South Korea's Samyang Foods Co. said on Monday its Buldak Topokki entered Walmart stores in the US.Available in Original and Carbo (carbonara) fla...

S.Korean firms’ rights issues poised for 12-year low

The lackluster South Korean stock market and softening Korean currency have discouraged local companies from raising money at home and pushed some t...

Salesforce outage disrupts businesses across Asia Pacific

Salesforce Inc., the world’s top customer relationship management (CRM) platform, is grappling with a major service outage affecting more than...

Korean EV, battery makers to suffer from Trump’s plan to end incentives

WASHINGTON/SEOUL — US President-elect Donald Trump’s transition team is seeking to eliminate federal incentives for electric vehicles, d...

Samsung E&A wins $214 mn petrochem plant contract in Qatar

Samsung E&A Co. said on Friday that it won a contract for the RLP ethylene storage plant construction project in Qatar, valued at 300 billion wo...

Hanmi Bank rises from Koreatown lender to regional bank

It began in 1982 as a small community bank for Korean immigrants in Los Angeles, California. Today, Hanmi Bank, under Nasdaq-listed Hanmi Financial ...

Team Naver unveils digital twin platform in Saudi Arabia

Naver Cloud, the cloud subsidiary of South Korean online giant Naver Corp., said on Friday that Team Naver participated in the Cityscape Global 2024...

Celltrion acquires Swiss pharmaceutical distributor iQone

South Korea's Celltrion Inc. said on Friday that it completed its acquisition of iQone Healthcare Switzerland, a Swiss pharmaceutical distributor, t...

Korean duty-free shops post Q3 losses; no signs of recovery

The four major duty-free shop operators in South Korea on Thursday posted operating losses in the third quarter, marking the first quarter in almo...

Shinhan Securities Vietnam launches mobile trading system

South Korea's Shinhan Securities said on Thursday its overseas subsidiary Shinhan Securities Vietnam (SSV) launched a mobile trading system (MTS) "N...

SK C&C unveils digital SHE consulting service

South Korea's SK C&C said on Thursday that it launched its Digital SHE Consulting Service,  the artificial intelligence (AI) platform tha...

Lotte Wellfood showcases K-Food at Vietnam Foodexpo

South Korea's Lotte Wellfood Co. said on Thursday it participated in Vietnam Foodexpo 2024 to promote Korean food and boost its market share in the ...

LG Energy bags 8-GWh ESS deal from Terra-Gen in US

LG Energy Solution Ltd. will supply US renewable energy power producer Terra-Gen LLC with an energy storage system (ESS) with an 8 Gigawatt-hour (GW...

Hyundai Glovis to build logistics complex in Korea’s top port city

Hyundai Glovis Co., the logistics unit of the world’s third-largest carmaker Hyundai Motor Group, plans to establish a logistics complex in Bu...

S.Korea to build cold chain logistics center in Haiphong, Vietnam

The Ministry of Oceans and Fisheries announced on Wednesday that South Korean company Jeil Construction has begun building a cold chain complex logi...

LG Electronics to conduct safety training using VR

South Korea's home appliance giant LG Electronics Inc. announced on Wednesday that it has signed a memorandum of understanding (MOU) with the Nation...

Coupang launches Rocket Pet Doctor 2.0 with personalized pet nutrition

Coupang Inc., South Korea’s largest e-commerce platform, said on Wednesday that it has launched "Rocket Pet Doctor 2.0," an upgraded personali...

NinjaTrader to revitalize Koreans’ domestic, overseas derivatives investments

NinjaTrader Group LLC., a leading US futures broker, is set to accelerate South Koreans’ investments in overseas derivatives while seeking to ...

Korean indie fashion brands spread wings to Japan, China

Matin Kim, a rising designer brand in South Korea, will open its first offline store in Japan in the first half of next year, joining other Korean i...

Why North Korean soldiers are prepared to die in Russia

SEOUL—Ryu Seong-hyeon doesn’t need to imagine what the thousands of North Korean soldiers deployed to the Russian front line...

GC establishes generative AI platform Hey GC

South Korea's Green Cross Holdings Corp. (GC) said on Tuesday it established its generative AI standard platform Hey.GC.Hey.GC is designed to improv...

Lotte E&C develops low-carbon cement construction

Lotte Engineering & Construction (E&C) said on Tuesday developed carbon dioxide-infused mortar technology for flooring with Hanil Cement Co....

SpaceX's Falcon 9 launches S.Korean satellite into orbit

A Falcon 9 rocket developed by Tesla Inc. founder Elon Musk’s SpaceX has successfully launched the Koreasat-6A, a communication satellite that...

Huonslab strengthens HyDIFFUZE IP with completion of US, EU examination request under PCT application

South Korea’s Huonslab Co., a subsidiary of Huons Global Co. and a global leader in recombinant human hyaluronidase-based biologics Sub-Q deli...