IGIS Asset halts sale process of controlling stake
Key shareholders of South Korea’s IGIS Asset Management Co., one of the largest real estate firms in Asia, have decided to halt the process of...
Korea reclaims top spot in global shipbuilding orders in February
South Korean shipbuilders reclaimed the global No. 1 position in new orders last month for the first time since October 2023, according to data by U...
Lotte Chemical, CIP to join hands on ammonia projects
South Korea’s Lotte Chemical Corp. has reached a preliminary agreement with Copenhagen Infrastructure Partners (CIP) to purchase and sell blue...
Korea's NH Investment shortlists 3 CEO candidates
South Korean brokerage house NH Investment & Securities Co. has shortlisted three candidates for its next chief executive as the current CEO Jeo...
Mirae Asset to sell Korean treasuries to retail investors
The South Korean government on Monday tapped Mirae Asset Securities Co. as the brokerage chosen to sell treasury bonds, the sale of which will be la...
NPS to invest up to $8.2 bn in undervalued Korean stocks
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, is expected to invest up to 11 trillion won ($8.2 ...
IGIS Asset Management's controlling stake put on sale
South Korea’s IGIS Asset Management Co., one of the largest real estate firms in Asia, has put the company’s 25% stake plus control prem...
Hana Micron to develop 2.5D packaging for Nvidia’s H100 AI chip: CEO
With burgeoning demand for high-performance artificial intelligence chips, back-end process technology, which assembles various semiconductors and t...
Kakao Ventures invests in AI optimization startup Omelet
Kakao Ventures Corp. has made an undisclosed amount of seed investment into Omelet, a South Korean early stage startup developing industrial operati...
Race for Asiana's cargo unit heats up among local bidders
The proposed merger of South Korea’s two largest carriers, Korean Air Lines Co. and Asiana Airlines Inc., is intensifying competition among lo...
Mubadala ties up with Korea’s Woori for global investments
Mubadala Investment Co., Abu Dhabi’s sovereign wealth fund, has joined hands with Woori Financial Group, South Korea’s fourth-largest fi...
NPS logs record return rate in 2023 on stocks’ bull run
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, posted a 13.59% annualized return last year, makin...
NH Investment launches $150 mn real estate fund
South Korea’s NH Investment & Securities Co. said on Wednesday it has launched a 200 billion won ($150 million) real estate fund for insti...
S.Korea’s fashion brand Time to debut at Paris Fashion Week
Time, South Korea’s best-selling women’s fashion brand which is owned by Handsome Corp., will participate in Paris Fashion Week fall/w...
Samsung targets gene therapy sector through US investments
Samsung Group is targeting the gene therapy business through investments in US biotechnology companies as the leading South Korean conglomerate is s...
Mirae Asset's Indian unit boosts retail brokerage services
South Korean brokerage house Mirae Asset Securities Co. said on Tuesday that the number of its retail customer accounts in India, one of the world&r...
Seoul City, Cyber Vally to support AI startups for overseas expansion
Seoul City announced on Tuesday that it will collaborate with Cyber Valley GmbH, Europe's largest artificial intelligence (AI) research consortium, ...
SK Telecom sees rise of personal AI assistants as game changer
BARCELONA – SK Telecom Co., South Korea’s top mobile carrier, sees the emergence of personal artificial intelligence assistants as a gam...
HL Mando listed in S&P Sustainability Yearbook 2023
HL Mando Corp., an electric vehicle and self-driving system developing unit of South Korea’s HL Group, announced on Tuesday that it has been i...
Softbank to join SK Telecom-led global AI joint venture
BARCELONA -- Japan’s SoftBank Group Corp. tied up with major global telcos such as South Korea’s top mobile carrier SK Telecom Co. and E...
Korea announces measures to upvalue local shares
The South Korean financial regulator announced basic guidelines under the so-called corporate value-up program on Monday, with measures to boost the...
POSCO International to build motor core plants in Poland, Mexico
POSCO International Corp., the energy and trading unit of South Korea’s steel giant POSCO Holdings Inc., said on Monday it will build new trac...
Kia Niro surpasses 1 million global sales
Kia Corp.'s Niro, a compact crossover SUV hybrid and electric vehicle (EV) model, has surpassed the 1 million global sales milestone since its first...
AIMMO’s global push gains speed with US foray
South Korean AI-powered data solution-providing startup AIMMO Inc. is expediting its global push with an aggressive advance into the US market, wher...
Hyundai to reignite Brazil’s mobility push with $1.1 billion investment
South Korea’s top automaker Hyundai Motor Co. said on Friday it will invest $1.1 billion in Brazil to reinvigorate the South American country&...
Korea’s HL Mando launches auto parts JV with China’s Tianrun
HL Mando Corp., an electric vehicle and self-driving system developing unit of South Korea’s HL Group, said on Thursday it has launched an aut...
Samsung to unveil Galaxy Fit3 in global market
Samsung Electronics Co. announced on Thursday that it will release its new fitness band, the Galaxy Fit3. The device features an expansive 40mm di...
AI device solution startup Sorcerics gets seed round
South Korea’s artificial intelligence (AI) smart device solution startup Sorcerics, founded by former Google and Microsoft employees, an...
Mirae Asset taps Goldman veteran O’Connor as Global X ETFs CEO
South Korea’s Mirae Asset Global Investments Co. said on Wednesday it has appointed Ryan O’Connor, a Goldman Sachs veteran, as chief exe...
SK Telecom invests in Lambda to foray into AI cloud market
SK Telecom Co., South Korea’s largest mobile carrier, said on Wednesday it has invested in Lambda, a graphics processing unit (GPU) cloud prov...
