POSCO CEO says split-off units will never be listed

POSCO Group Chairman and Chief Executive Choi Jeong-woo on Monday reaffirmed the group's determination not to list on the stock market the steelmaki...

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 ...

Samsung launches merged set division as DX; robotics new growth driver

Samsung Electronics Co. has officially launched its new set division, which combines its mobile and consumer electronics businesses into a single un...

Mortgage loan growth slows to near four-year low in November

Mortgage loan growth at banks in South Korea slowed to near a four-year low in November, on the back of tightened lending rules and an interest rate...

Hyundai Mobis to unveil two future concept cars via metaverse at CES 2022

South Korea’s largest auto parts maker Hyundai Mobis Co. said on Wednesday it is unveiling two future mobility concept cars at the upcoming CE...

BNK and KTB jointly buy UBS tower in New Jersey for $219 mn

South Korea’s BNK Asset Management Co. acquired UBS Financial Services tower in New Jersey for $219 million from US real estate developer Hart...

Metaverse emerges as promising yet uncertain new world for investors

Virtual realms known as the metaverse that have become the hot topic for tech companies also are winning a new fan base among investors.SoftBank Gro...

KTB Network to list at bottom of price range

KTB Network Co., South Korea's first-generation venture capital firm, priced its public offering price at the bottom of the guidance range as the re...

POSCO Chemical, GM to launch new battery material JV in US

South Korea’s POSCO Chemical Co. said on Thursday it is forming a new joint venture with US top automaker General Motors Co. to produce cathod...

Hyundai Mobis unveils foldable steering wheel

South Korea’s Hyundai Mobis Co., an auto parts unit of Hyundai Motor Group, has unveiled a foldable steering wheel along with other technologi...

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...

Samsung’s new auto chip mounted in Volkswagen’s infotainment system

Samsung Electronics Co. is supplying one of its latest advanced chips to Volkswagen AG for the German carmaker’s in-vehicle infotainment syste...

SK Square to invest $75 mn in Korea crypto exchange

South Korea’s SK Square, an investment firm spun off from SK Telecom Co., will buy a stake in a local cryptocurrency exchange to expand its po...

CVC, Goldman among shortlisted investors in TVing

CVC Capital and Goldman Sachs Principal Investment Area (PIA) are among the shortlisted investors in South Korea's over-the-top (OTT) streaming serv...

LG Electronics names strategy chief as new CEO

South Korea's LG Electronics Inc. on Thursday appointed its strategy chief Cho Joo-wan as the company's new chief executive officer, in a major resh...

SK On seeks $2.5 bn in new funding for battery plants

SK On Co., one of South Korea's top three rechargeable battery makers, plans to raise around 3 trillion won ($2.5 billion) in a pre-IPO share sale n...

US activist fund to face off with IMM PE over Hanssem

Teton Capital Partners, a US-based activist fund, has taken legal action to block IMM Private Equity from exercising its management rights over Hans...

Samsung’s $17 billion new chip plant in Taylor aims to rein in TSMC

Samsung Electronics Co. has officially announced its plan to build a $17 billion chipmaking plant in Taylor, Texas, as the tech giant aims to overta...

Korea Sindoh unveils cutting-edge 3D printer under new brand fabWeaver

Sindoh Co., South Korea’s top 3D printer maker, unveiled a state-of-the-art 3D printer under its new premium brand fabWeaver as it aims to exp...

Millennial tapped to head online giant Naver

Naver Corp. has chosen Choi Soo-yeon, 40, to lead the top online platform in South Korea, in the 22-year-old company's most dramatic top management ...

MBK closes SSF II at $1.8 bn, largest Asian SSF since 2019

South Korea’s MBK Partners, one of the largest private equity firms in Asia, said it has raised $1.8 billion for its second special situations...

Hyundai Motor Group seeks to buy Korea waste treatment firm

Hyundai Engineering Co., Hyundai Motor Group’s construction arm, has joined the race to buy a South Korean garbage treatment company as the gr...

Amazon poised for Fire tablet launch in Korea next year

Amazon, the world’s largest online shopping mall, is set to release its own Fire tablets in South Korea from as early as next year, penetratin...

Genesis House New York: An oasis in Manhattan

Hyundai Motor Co., South Korea’s top automaker, is opening Genesis House New York, a sophisticated showroom, in the trendy Meatpacking Distric...

NCSoft to unveil NFT-based, play-to-earn games in 2022

NCSoft Corp., South Korea's leading game developer, will dip its toes into the realm of the blockchain and non-fungible tokens (NFT) by releasing pl...

SK to invest $340 mn in Vietnam’s major retail platform The CrownX

South Korea’s conglomerate SK Group said on Nov. 11 that it agreed to invest $340 million in The CrownX, a retail platform of Masan Group Corp...

Home interior app seeks new funding at over $ 1 bn valuation

South Korea's Bucketplace Co., an operator of the country's largest home interior platform, is seeking to raise about 100 billion won ($85 million) ...

NCSoft reclaims throne with new mobile game Lineage W

Lineage W, developed by South Korea’s NCSoft Corp., has swiftly reclaimed the top spot in the country's mobile gaming market just three days s...

Travel startups draw new funds amid digital transformation

As South Korea loosened social distancing measures for a gradual return to normal life this week, investors are rekindling their interest in travel ...

KKR invests $2 bn in SK E&S' new preferred shares

KKR & Co. has signed an agreement to buy 2.4 trillion won ($2 billion) worth of newly-issued preferred shares in SK E&S Co., the US private ...