Stonebridge Ventures to set up $168 mn new fund in H1

Stonebridge Ventures to set up $168 mn new fund in H1

Stonebridge Ventures Inc., South Korea’s most profitable venture capital firm, plans to establish a fresh fund of $168 million, the largest in...

KTCU names financial investment head as new CIO

KTCU names financial investment head as new CIO

Korean Teachers’ Credit Union (KTCU) has named its former Financial Investment Department head Park Man-soo as its new chief investment officer,...

Hyundai Engineering’s new business keywords: Hydrogen, mini reactors

Hyundai Engineering’s new business keywords: Hydrogen, mini reactors

Hyundai Engineering Co., the plant engineering and construction unit of South Korea’s Hyundai Motor Group, is reorganizing its business struct...

Creditors to unveil new plans next week to sell DSME

Creditors to unveil new plans next week to sell DSME

Creditor banks of South Korea's Daewoo Shipbuilding & Marine Engineering Co. (DSME) are mulling new ways to find a new owner of the debt-ridden ...

Hyundai Heavy, DSME merger falls through on EU veto

Hyundai Heavy, DSME merger falls through on EU veto

The European Commission on Thursday vetoed the combination of the world’s two largest shipbuilders Hyundai Heavy Industries Co. and Daewoo Shi...

POSCO to revive India steel mill construction plan

POSCO to revive India steel mill construction plan

POSCO Co. plans to build a steel mill jointly with India's Adani Group in western India, the South Korean steelmaker said on Thursday, after its pre...

MBK sells 10% stake to Dyal Capital for around $1 bn

MBK sells 10% stake to Dyal Capital for around $1 bn

North Asia-focused MBK Partners has agreed to sell a roughly 13% stake to Dyal Capital Partners for about $1 billion, according to a Bloomberg repor...

LG Energy sets new IPO record with $9.65 trillion investor demand

LG Energy sets new IPO record with $9.65 trillion investor demand

LG Energy Solution Ltd., the world’s second-largest battery maker, has set a new record for an initial public offering with demand for its sha...

Korean REITs total assets surpass $58 bn in 2021

Korean REITs total assets surpass $58 bn in 2021

The combined total assets of real estate investment trusts (REITs) in Korea surpassed 70 trillion won ($58.4 billion) as of the end-2021, 20 years a...

Lotte agrees with Indonesia to resume $3.9 bn petchem project

Lotte agrees with Indonesia to resume $3.9 bn petchem project

South Korea’s Lotte Group agreed with the Indonesian government to resume a $3.9 billion petrochemical project in the Southeast Asian country,...

Samsung's Q4 operating profit jumps on server chips

Samsung's Q4 operating profit jumps on server chips

Samsung Electronics Co. on Friday reported a 52.5% jump in preliminary fourth-quarter operating profit from a year earlier, powered by replacement d...

LG Chem, China’s Huayou Cobalt to build battery metal JV in Korea

LG Chem, China’s Huayou Cobalt to build battery metal JV in Korea

South Korea’s top chemical maker LG Chem Ltd. will partner with China’s Zhejiang Huayou Cobalt Co. to launch a battery material joint ve...

Export-Import Bank of Korea eyes $3 bn global bond sale

Export-Import Bank of Korea eyes $3 bn global bond sale

The Export-Import Bank of Korea (KEXIM) is planning to sell up to $3 billion worth of new global bonds this week, tipped to be the largest-ever bond...

KSOE bags $1.4 billion ship orders in first 2022 deals

KSOE bags $1.4 billion ship orders in first 2022 deals

Korea Shipbuilding & Offshore Engineering Co. (KSOE), Hyundai Heavy Industries Group’s intermediate holding company, has kicked off 2022 w...

SK Telecom taps AI expert as new technology chief

SK Telecom taps AI expert as new technology chief

SK Telecom Co., South Korea's top mobile carrier, has tapped its e-commerce arm's chief executive and artificial intelligence (AI) expert Lee Sang-h...

From TV to window: New displays from Samsung and LG

From TV to window: New displays from Samsung and LG

Samsung Electronics Co. and LG Display Co., the two archrivals in the TV panel market, are unveiling new displays with enhanced picture and sound qu...

Pension funds sell net $21 bn worth of shares in 2021

Pension funds sell net $21 bn worth of shares in 2021

South Korea’s pension funds sold a net 24.5 trillion won ($20.6 billion) worth of Kospi and Kosdaq stocks this year, the largest annual ne...

LG Display reveals 30% brighter OLED EX

LG Display reveals 30% brighter OLED EX

LG Display Co. revealed a 30% brighter OLED panel during Wednesday’s press event. During the media event held in Seoul’s LG Science...

CJ Group promotes chairman’s son, signals 3rd-generation succession

CJ Group promotes chairman’s son, signals 3rd-generation succession

South Korea's CJ Group promoted the group chairman's son Lee Sun-ho to a new executive-level position Monday, paving the way for a third-generatio...

E-Mart in exclusive talks to buy US food company

E-Mart in exclusive talks to buy US food company

South Korea's largest supermarket chain E-Mart Inc. has spent nearly $4 billion on acquisition deals so far this year, including the $3 billion purc...

Korea’s IPO market renews record highs

 Korea’s IPO market renews record highs

South Korea’s initial public offering market continues to rewrite history this year. More than 20 million people have participated in the...

Hyundai Investments buys office building in Brussels

Hyundai Investments buys office building in Brussels

South Korean asset manager Hyundai Investments Co., fully owned by Hyundai Marine & Fire Insurance Co., has said it acquired a Brussels-based ...

LG Innotek shares surge on anticipation of Apple Car, new iPhone 

LG Innotek shares surge on anticipation of Apple Car, new iPhone 

Shares of Korean companies supplying parts to Apple rose sharply on Thursday. The jump comes on the back of robust iPhone sales and buzz that the ...

VCs in Korea shell out in search of next unicorns

VCs in Korea shell out in search of next unicorns

2021 has been a heyday for Korea’s startup ecosystem – especially for the VCs that invest in it. In the first three quarters of this ye...

POSCO puts stability above reform in management overhaul

POSCO puts stability above reform in management overhaul

South Korea’s steel giant POSCO has chosen stability over reform in its latest management overhaul, retaining most chief executives at group a...

Indian startups: Korean VCs' new target after China

Indian startups: Korean VCs' new target after China

South Korean venture capital firms and online giants are flocking to startups in India, a country with the world's second-largest population and low...

Hyundai Oilbank to build LNG-hydrogen power plant for $335 mn

Hyundai Oilbank to build LNG-hydrogen power plant for $335 mn

South Korean refiner Hyundai Oilbank Co. plans to build an eco-friendly power plant fueled with liquefied natural gas (LNG) and blue hydrogen to mee...

3D tech firm Koh Young wins highest ESG rating two years running

3D tech firm Koh Young wins highest ESG rating two years running

Koh Young Technology Inc., a South Korean 3D image measurement tech company listed on the Kosdaq, has earned the highest AA rating from Sustinvest, ...

POSCO to build mini mills for carbon neutrality

POSCO to build mini mills for carbon neutrality

POSCO Co., the world’s No. 5 steelmaker, plans to build mini mills, electric arc furnaces for hot rolled steel, in South Korea as part of it...

Energy-saving chips emerge as new battleground

Energy-saving chips emerge as new battleground

Environmental, social and governance (ESG) requirements are expected to drive high-performance chip demand higher, in particular from data center op...

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