LG to sponsor Guggenheim’s move for tech-based art

LG to sponsor Guggenheim’s move for tech-based art

LG Group, South Korea’s No. 4 conglomerate, is set to support the Guggenheim’s move for technology-based art as the consumer electronics...

MBK puts home decor firm Modern House on market

MBK puts home decor firm Modern House on market

MBK Partners has added South Korea's top home decor company Modern House to the list of assets it plans to exit this year, as domestic retail giants...

Lawmakers debate military exemption for pop artists like BTS

Lawmakers debate military exemption for pop artists like BTS

As a historic first, South Korean lawmakers are duking it out on the hotly debated topic of military exemption for global K-pop sensation BTS. ...

Art investment platform operator Yeolmae Co. raises $14 mn in Series B

Art  investment platform operator Yeolmae Co. raises $14 mn in Series B

South Korean startup Yeolmae Company announced Monday it received 17 billion won ($14 million) worth of funds through its Series B round. With the l...

Star-studded vision AI startup SNUAI requires less data and time

Star-studded vision AI startup SNUAI requires less data and time

“The first joint venture with the Seoul National University seal of approval” is how artificial intelligence startup SNUAI Lab Co. des...

Korean Air to deploy Boeing 737 Max aircraft from March

Korean Air to deploy Boeing 737 Max aircraft from March

Korean Air Lines Co. will start flying Boeing 737-8 aircraft from March, nearly two years after the global grounding of the jet type by airlines in ...

Korea’s No. 2 art auction house to go public in Jan

Korea’s No. 2 art auction house to go public in Jan

K Auction, South Korea’s No. 2 art auction house, is set to go public in January 2022 as it aims to court the domestic leader Seoul Auction Co...

Celltrion to export COVID-19 treatment to Europe in 2021

Celltrion to export COVID-19 treatment to Europe in 2021

South Korea’s pharmaceutical giant Celltrion Inc. is set to export its COVID-19 treatment Regkirona to Europe by the end of this year as it se...

Domestic NFT art sale surpasses 3.5 bitcoin; concerns of market turbulence

Domestic NFT art sale surpasses 3.5 bitcoin; concerns of market turbulence

Last week, a piece of non-fungible token art by digital artist Jang Koal was sold for more than 3.5 bitcoin or around 200 million won ($168,314) on ...

Fractional investing platforms for art to Rolex lure VCs

Fractional investing platforms for art to Rolex lure VCs

The growing popularity of fractional investment in celebrated artworks, music copyrights and luxury items has spurred a flurry of venture capital in...

Korean Air gets Vietnam’s regulatory approval for acquisition of Asiana

Korean Air gets Vietnam’s regulatory approval for acquisition of Asiana

Korean Air Lines Co. (KAL) said on Tuesday it has obtained regulatory approval from Vietnam for its 1.8 trillion won ($1.6 billion) deal to acquir...

Korean Air surprises market with highest quarterly profit in 5 years

Korean Air surprises market with highest quarterly profit in 5 years

Korean Air Lines Co. (KAL) surprised the market on Friday by posting its highest third-quarter operating profit in five years, boosted by strong dem...

Hanwha-invested OneWeb’s internet satellites launched into orbit

Hanwha-invested OneWeb’s internet satellites launched into orbit

A Soyuz rocket has launched 36 new internet satellites operated by London-based OneWeb, in which South Korea’s Hanwha Systems Co. has a stake,...

Hyundai, Kia take throne in Russia on decade of investment

Hyundai, Kia take throne in Russia on decade of investment

Hyundai Motor Group, the world’s fifth-largest carmaker, topped the Russian automobile market last month for the first time since January 2017...

KGC creates Ginseng Museum Cafe in New York

KGC creates Ginseng Museum Cafe in New York

Korea Ginseng Corporation (KGC), a wholly-owned subsidiary of KT&G Corporation, has set up its first interactive cafe in the global market where...

Now is the time for PEFs to show their art of exit

Now is the time for PEFs to show their art of exit

Leading private equity firms, including Bain Capital, KKR & Co. and MBK Partners, appeared to have turned to an exit mode in South Korea this ye...

K-pop evolves far beyond Korean nationality and language

K-pop evolves far beyond Korean nationality and language

South Korean music, entertainment and content firms are undergoing a major transformation in their business model. No longer is their discovery of n...

The art of the apology

The art of the apology

Apologies are a thorny topic for business executives and private individuals alike. How should a company or an organization issue an apology? On socia...

Canada’s CPPIB promotes Suyi Kim to global head of private equity

Canada’s CPPIB promotes Suyi Kim to global head of private equity

The Canada Pension Plan Investment Board (CPPIB) has named Suyi Kim, its Asia head, as the global chief of its private equity business, effective Se...

CJ ENM to build virtual studio with Samsung’s new commercial displays

CJ ENM to build virtual studio with Samsung’s new commercial displays

South Korean media company CJ ENM Co. is using Samsung Electronics Co.’s new commercial displays for a virtual production studio to spearhead ...

Lee Kun-hee’s art collection exhibited from this month in Seoul

Lee Kun-hee’s art collection exhibited from this month in Seoul

The lavish art collection donated by the Samsung Group following the death of group chairman Lee Kun-hee will be shown to the public from July 21. The...

NPS bets big on property development as asset prices soar

NPS bets big on property development as asset prices soar

The National Pension Service (NPS) has been increasing its appetite for office buildings in the development stage as part of an effort to snatch up ...

Kodak, National Geographic pivot to become fashion brands in Korea

Kodak, National Geographic pivot to become fashion brands in Korea

For more than a century, Kodak was a household name for quality cameras that were treated as valuable possessions -- often kept in the cabinet and o...

Korea’s art sales set for triple-digit growth in 2021

Korea’s art sales set for triple-digit growth in 2021

South Korea’s art market is projected to double or even triple in size this year, thanks to the widening of the customer base across all gener...

Art auction sales in Korea soar to highest point since 2008 financial crisis

Art auction sales in Korea soar to highest point since 2008 financial crisis

South Korea’s art market is facing the biggest boom since the global financial crisis, drawing wealthy investors and art enthusiasts alike. Se...

National health insurance to cover dental startup AIOBIO’s QLF device

National health insurance to cover dental startup AIOBIO’s QLF device

AIOBIO’s dental diagnostic devices will be covered by South Korea’s national health insurance from June 1. AIOBIO is the country’s...

Songs and art: Fractional investing bedazzles millennial investors

Songs and art: Fractional investing bedazzles millennial investors

Meet Mr. A, born in the '80s and a self-proclaimed "analog person" who enjoys collecting CDs and artbooks of his favorite painters. But recently, Mr...

Hong Ra-hee: Chief architect of Samsung Group’s art initiative

Hong Ra-hee: Chief architect of Samsung Group’s art initiative

Samsung Group founder Lee Byung-chul was known to be one of the most avid collectors of Korean antiques. Among his vast collection of priceless cult...

Donations from Lee Kun-hee's collection: From national treasures to Western masterpieces

Donations from Lee Kun-hee's collection: From national treasures to Western masterpieces

The Samsung Group heirs' announcement that they will donate some 23,000 pieces of art and cultural artifacts collected by the late Chairman Lee Kun-...

Samsung heirs to donate nearly $3 bn in cash, art

Samsung heirs to donate nearly $3 bn in cash, art

The Samsung Group heirs announced on Wednesday their donation of 2 trillion won ($1.8 billion) worth of art from the collection they inherited from ...

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