SoftBank Son's youngest brother poised to buy Korean VC arm

Taizo Son, the youngest brother of SoftBank Chairman Masayoshi Son, is poised to buy the group's South Korean venture capital arm for around 200 bil...

Ediya to re-enter global café market with first branch in Guam

South Korea’s homegrown coffee chain Ediya Coffee is ready for re-entry into the global café market after the failure of its Chinese bu...

Boston emerges as Korean firms’ R&D hub for AI, batteries

Top South Korean conglomerates Samsung and Hyundai have selected Boston as the home of their first overseas research centers for batteries and artif...

Korea’s BC Card to buy Indonesian IT firm for SE Asia biz growth

BC Card Co., a South Korean financial services provider, agreed to acquire an Indonesian IT company as it expands its businesses into overseas marke...

Kurly enters Singapore grocery market, targeting SE Asia

South Korea’s Kurly Inc., the operator of grocery delivery service Market Kurly, made inroads into Singapore with an aim to expand its busines...

Korean shipbuilder KSOE wins $1.5 bn order for 7 LNG carriers

Korea Shipbuilding & Offshore Engineering Co. (KSOE), the intermediate holding company of the world’s top shipbuilder Hyundai Heavy Indust...

South Korean firms bullish on hiring developers from India, SE Asia 

Travel startup Storicity Inc. tried for a year to find a developer in South Korea – to no avail.But when it expanded its search abroad through...

KOGAS to cut exposure to Indonesia LNG project in 2027

The state-run Korea Gas Corp. (KOGAS) has decided to reduce its exposure to a $2.8 billion joint liquefied natural gas (LNG) project in Indonesia in...

SK Geo Centric, Veolia join forces to lead Asia’s plastic recycling business

SK Geo Centric, an SK Innovation Co. subsidiary focused on the eco-friendly chemical business, joined hands with Paris-based Veolia Environnement S....

POSCO Int'l tipped to merge with affiliated LNG terminal firm

POSCO International Co., a South Korean trading company, has embarked on a merger with its affiliate POSCO Energy Co. as their parent group is seeki...

DigitalBridge names Korean Tae Ahn as Asia capital formation head

DigitalBridge Group Inc., a US digital infrastructure investment firm, announced on July 19 it has appointed South Korean Tae E. Ahn as managing d...

Chanel’s first VIP boutique to open in Asia – will it be in Seoul?

A couple of months ago, media outlets reported Chanel plans to open stores solely for VIP shopping in Asia.The French label is widely expected to op...

Korean LCCs’ international flight recovery remains slow

South Korean budget airlines are seeing a slow recovery in international flights as key routes such as China and Japan have yet to normalize while t...

Yen’s plunge raising blood pressures in Asia 

Episodes of extreme yen weakness don’t tend to go well for Asia. In the late 1990s, early 2010s and today, a sliding yen often proves to be even...

KB to raise $150 mn India, SE Asia-focused VC fund

KB Investment Co., a venture capital arm of KB Financial Group, is seeking to raise more than 200 billion won ($150 million) in its second global fu...

Sell Korea intensifies as foreigners dump bonds for 1st time in 18 months

A selloff in risk assets in South Korea is intensifying as foreigners turned net sellers of Korean bonds for the first time in 18 months in June whi...

Hyundai Heavy’s KSOE wins $2.2 billion order for 10 LNG carriers

Korea Shipbuilding & Offshore Engineering Co. (KSOE), the intermediate holding company of the world’s top shipbuilder Hyundai Heavy Indust...

Hyundai Motor scraps LNG plant construction plan

Hyundai Motor Co. has scrapped a plan to build a liquefied natural gas (LNG)-fueled plant to power its main production lines in South Korea due to a...

Samsung Eng. to invest in Vietnam for SE Asia water biz

Samsung Engineering Co. agreed to spend $41 million on Vietnam’s largest private water treatment company for the eco-friendly business in Sout...

Korean biotech L&C Bio issues convertible bonds worth $46 mn

South Korean biotech company L&C Bio, which specializes in tissue regeneration treatment, is poised to ramp up its expansion into the Chinese ma...

Samsung Heavy wins record $3 billion LNG carrier order; outlook bright

Samsung Heavy Industries Co., a leading South Korean shipbuilder, has swept global orders for LNG carriers, more profitable than oil tankers and con...

Seoul poised to paint over Hong Kong in fine arts

Back in 2013, Hong Kong painted itself as the uncontested leader in Asia’s art scene – over Singapore, Shanghai, and Tokyo. Art Bas...

Hanwha Power develops first homegrown compressor for LNG gas carriers

Hanwha Power Systems Co., a South Korean energy equipment company, said on Friday it has completed joint development of a boil-off gas (BOG) compres...

Why India’s top talent chose S.Korea for launch of edutech startup

TagHive Inc. is an education technology startup building a bridge between South Korea and India. The company’s founder and CEO Pankaj Aga...

LianBio teams with Korean MediRama to ease US biotechs' foray into Asia

  LianBio, a Nasdaq-listed biotechnology company, has joined hands with MediRama Co., a South Korean clinical development firm, to help promis...

SK Gas to sell Istanbul tunnel stake to Qatari fund for $111 mn

SK Gas Ltd., South Korea’s leading liquefied petroleum gas (LPG) supplier, is poised to sell its stake in an operator of the Eurasia Tunnel in...

Chemical makers to halt plants as truck driver strike deepens

South Korea’s petrochemical companies are set to halt operations as the work stoppage by unionized truck drivers stretched into an eighth day ...

Daewoo to develop offshore carbon capture tech with ABS, GasLog

South Korea’s major shipbuilder Daewoo Shipbuilding & Marine Engineering Co. (DSME), said on Friday it will join forces with marine asset ...

CJ Logistics steps up automated distribution system in SE Asia

South Korea’s major logistics firm CJ Logistics Corp. is accelerating business expansion in Southeast Asia. It has started applying a homegrow...

NongHyup to gain toehold in southwest Asia with India branch

NongHyup Bank, a major arm of South Korea's National Agricultural Cooperative Federation, got the nod from India last week to open its first branch ...