Affinity to transform top Korean car rental firms into mobility service providers

Affinity Equity Partners aims to develop leading South Korean car rental companies into mobility service providers to create additional profitabilit...

Korea’s OCI, US partner CPS Energy sign 20-year energy storage deal

South Korean solar cell company OCI Holdings Co. said on Tuesday it has signed a deal with US power supplier CPS Energy to jointly build a 120-megaw...

Hanwha's financial companies open AI center in San Franciso

South Korea’s seventh-largest conglomerate’s financial companies have opened a joint artificial intelligence center in San Francisco, a ...

LG CNS to use IPO proceeds to buy foreign IT firm

LG CNS Co., the information technology service unit of South Korea’s LG Group, plans to acquire a foreign IT company with the proceeds from it...

S.Korea's Yoon survives impeachment; economic fundamentals firm

South Korean President Yoon Suk Yeol survived an impeachment vote against him after an overwhelming majority of governing party lawmakers boycotted ...

Korean economic policy chiefs play down martial law impact

South Korea’s Finance Minister Choi Sang-mok said on Friday that President Yoon Suk Yeol’s failed martial law attempt will have a very l...

Hanwha E&C to resume $10.4 billion Bismayah new city project in Iraq

Hanwha Engineering & Construction Co., an affiliate of South Korea’s Hanwha Group, said on Friday it is set to fully resume a $10.4 billio...

Boryung invests $10 million in Intuitive Machines

South Korea's Boryung Corp. said on Friday it bought $10.0 million in shares of US-based lunar lander company Intuitive Machines to expand its space...

Asan Nanum to offer Silicon Valley residence to Korean startups

The Asan Nanum Foundation, a South Korean startup accelerator program operator, said on Thursday it will open a residency space for Korean venture f...

IFM Investors bets big on infrastructure investing: Gee-Grant

IFM Investors, a global investment manager owned by Australian pension funds, is looking to infrastructure as the fastest-growing asset segment for ...

Samsung invests in AI security platform Axiado

Samsung Electronics Co. said on Thursday it invested in the Series C funding round of Axiado, a US-based artificial intelligence (AI) security platf...

Korean displays regain top spot with premium information tech OLEDs

South Korean display makers regained ground in the global organic light-emitting diode (OLED) panel market in the second quarter, elbowing out the p...

S&P downplays martial law impact on S.Korean economy

Global credit rating agency Standard & Poor's (S&P) said on Thursday "the introduction and swift revocation of martial law in South Korea ...

Korean stocks diverge: Winners, losers of Yoon’s martial law debacle

South Korean stocks showed clear divergences on Wednesday amid a mixed market outlook as President Yoon Suk Yeol’s martial law declaration, re...

S.Korea's Smilegate invests in GTA producer's studio

Smilegate, the South Korean developer of the world’s top first-person shooter game Crossfire, said on Tuesday it invested in the US-based medi...

Hyundai, Kia on course for record 2024 US sales, led by SUVs, hybrids

South Korea’s Hyundai Motor Co. and its sister firm Kia Corp. saw their US vehicle sales surge in November, driven by large SUVs, hybrids and ...

Quick delivery war deepens Korean big-box retailer-Baemin ties

As competition for same-day delivery heats up in South Korea, traditional big-box retailers are rushing to join hands with the country’s No. 1...

S.Korea’s inflation stays at 1% level for 3rd straight month

South Korea’s consumer prices remained steady at the 1% level for the third straight month in November thanks to a drop in oil prices. But eco...

Hyundai, Kia to build Hyundai Center of Excellence in India

Hyundai Motor Co. and Kia Corp. signed a memorandum of understanding (MOU) with the Indian Institutes of Technology (IIT) to build the Hyundai Cente...

LG CNS to enter US smart building biz

South Korea's LG CNS said on Tuesday it signed a memorandum of understanding (MOU) with the US-based real estate management SomeraRoad and Mastern A...

Korean companies’ cash reserves swell to record high

Cash holdings at South Korean companies have soared to a record-high level, data showed on Monday. Companies are stepping up efforts to raise cash t...

Naver recruits 500 creators for Clip

South Korea's Naver Corp. said on Monday it will recruit 500 creators for Clip in the first half of 2025, the company's short-form platform from Dec...

KB Asset parts ways with Dragon Capital in Vietnam

South Korea's KB Asset Management Co. ended its delegated management agreement for public funds with Vietnam's largest asset management company, Dra...

China’s Alibaba acquires 5% of Ably in 1st equity investment in Korean firm

Chinese online shopping giant Alibaba Group Holding Ltd. has invested 100 billion won ($71.4 million) in South Korea’s top women’s cloth...

POSCO to buy Korean robotics firm stake for steel business

South Korea’s steel-to-battery materials conglomerate POSCO Group will invest in the leading domestic robotics company to boost its ailing ste...

HD Hyundai Oilbank ventures into bioenergy sector as new growth driver

HD Hyundai Oilbank Co., a South Korean crude oil refiner backed by Saudi Aramco, is diversifying its business beyond fossil fuel-centered operations...

Controversy brews over HYBE Chair Bang’s investment deal with PEFs

Bang Si-hyuk, founder and chairman of HYBE Co., the South Korean entertainment giant behind K-pop global sensations BTS and NewJeans, is embroiled i...

Korean Air-Asiana merger to spur M&A among budget carriers

Korean Air Lines Co.'s anticipated acquisition of Asiana Airlines Inc. is expected to spur domestic budget carriers to seek mergers, with the two do...

S.Korean startup accelerators to boost overseas biz

South Korean accelerators (ACs) are turning to Southeast Asia and the Middle East market to support startups and expand their reach.ACs, companies t...

Korean Air gets EU approval for Asiana merger

The European Commission (EC), the European Union (EU) antitrust body, approved the merger between Korean Air Lines Co. and Asiana Airlines Inc. on N...