GS E&C secures €70 mn green loan from BNP Paribas for warehouses

South Korea’s construction conglomerate GS Engineering & Construction (GS E&C) said on Dec. 16 it has become the first Korean constr...

SK to co-invest $50 mn in US-based Fulcrum BioEnergy

South Korea's SK Inc. on Thursday said it would co-invest $50 million in the US-based Fulcrum BioEnergy with a domestic private equity fund, in a bi...

Korean Air to fly high on China’s cargo conversion ban

Korean Air Lines Co. is expected to benefit from China’s ban on conversion of airliners into freighters since the measure is likely to further...

LG Chem, LG Energy acquire 2.6% of battery startup Li-Cycle for $51 million

South Korea’s top chemical manufacturer LG Chem Ltd. and its battery affiliate LG Energy Solution Ltd. have acquired a combined 2.6% stake in ...

Korea’s MedPacto, Merck plan phase 3 trials of colorectal cancer drug

MedPacto Inc., a South Korean biotechnology company that develops therapeutics for cancer and autoimmune diseases, has agreed with global drugmaker ...

K-startups take note of growing demand for 'meta fashion'

Meta fashion, a combination of fashion, metaverse, and NFT, is becoming a global trend. The MZ generation, as those in their 20s and 30s are ca...

Patrizia sells Astro Tower in Brussels on behalf of Korean LPs

Patrizia AG, a Germany-based global leading real estate investment firm, said on Dec. 13 it has sold the shares of the company owning Brussels&rsq...

KAIST to establish New York campus by 2025

Korea Advanced Institute of Science & Technology (KAIST), a prestigious national research university in South Korea, is slated to establish a ...

Korean duty free shops take opposite paths to draw Chinese shoppers

There appear to be two diverging roads for South Korea's top duty free operators Lotte and Shilla: expanding outside China, or going deeper inside t...

NPS and six Korean LPs commit $730 mn to Ardian's infra secondaries

Seven South Korean limited partners have committed $730 million to Paris-headquartered alternative asset manager Ardian SA’s secondaries fund ...

SK Gas invests in Bill Gates-backed hydrogen tech startup

SK Gas Co., the top liquefied petroleum gas (LPG) company in South Korea, has invested in Series B funding for C-Zero Inc., a California-based start...

Korean shipbuilders win record LNG carrier orders; 2022 outlook bright

South Korea’s three major shipbuilders have swept global orders for LNG carriers, more profitable than oil tankers and container ships, amid s...

Year-end inflow to Korean main bourse sign of foreigner comeback?

Foreign investors are poised to extend their buying spree in South Korea’s main stock market to a sixth straight session, spurring hopes for t...

Moody's sees low risk of burst in S.Korean property bubble

South Korea's real estate prices have risen at a rapid pace over the past two years, but that would not indicate an increased risk of loan defaults ...

VR meetings with holograms, powered by metaverse startup DoubleMe

Come next year, attending meetings as a hologram version of yourself is set to become more common.Metaverse startup DoubleMe plans to commercialize ...

Korean wage growth increases inflationary pressure

South Korea’s wage growth in the third quarter hit its highest point in three and half years, adding to inflationary pressure in Asia’s ...

Partners Group attracts Korea Post and local insurers to PE funds

Some major South Korean institutional investors have committed to Switzerland-headquartered global asset manager Partners Group's Secondary 2020 Fun...

Mirae Asset joins $260 mn funding for food delivery startup Jokr

Mirae Asset Global Investment Co., South Korea’s leading asset manager, has participated in a $260 million Series B funding for Jokr, a New ...

Korea Venture Investment creates global fund worth $2 billion

Korea’s government-backed fund of funds (FOF) management institution announced its latest selection of funds late last month, which would bene...

POSCO International signs parts supply deal with US EV startup Rivian

POSCO International Corp., the trading unit of South Korea’s steel giant POSCO, said on Thursday it has signed a $6 million contract to supply...

Korean inflation nears 10-year peak in November, fanning rate hike views

South Korea’s consumer inflation hit a near-decade peak in November, fanning expectations that the central bank will raise interest rates agai...

Kakao buys startup Grip, fueling e-commerce push

South Korea's Kakao Corp. has acquired a live streaming e-commerce app Grip Co. to beef up its online shopping business, considered the weakest spot...

NPS adds Warburg Pincus as real estate asset manager in Q3

The National Pension Service added New York-based private equity firm Warburg Pincus LLC to its pool of 58 global real estate investment manager...

STIC invests $843 mn in Korean copper foil maker Iljin

South Korean private equity firm STIC Investments Inc. said on Nov. 30 it will invest 1.1 trillion won ($843.1 million) to expand Korean elecfoil ...

Hyundai offers first peek of redesigned premium Genesis sedan G90

Hyundai Motor Co. on Tuesday unveiled exterior images of the new G90, a full model change version of the flagship sedan under its standalone premium...

S.Korea to build solar power plants in Chile for $130 mn

South Korea is planning to build solar photovoltaic power plants in Chile, investing $130 million, in a move to help local companies expand their re...

IONIQ 7 to beome home on wheels with LG appliances

Hyundai Motor Co.’s IONIQ 7, its new all-electric sport utility vehicle to be launched in 2024, will be equipped with the home appliances of L...

Koo Ja-eun takes helm of Korea’s cable, machinery conglomerate LS Group

Koo Ja-eun, chairman of South Korea’s LS Mtron Co., a machinery and components maker, will lead the country’s 14th-largest conglomerate ...

KoreaCenter acquires Danawa, paving way for MBK’s bolt-on deal

KoreaCenter Co. has been named the new owner of Danawa Co., one of South Korea’s first-generation e-commerce platforms – a move that is ...

BTS may have to serve in South Korean army

It appears the world’s top boy band BTS will have to serve in the South Korean military as lawmakers in the country have so far failed to agre...