LG Elec expands global auto electronics market share

South Korea’s LG Electronics Inc. is raising its market share in the global automotive electronics industry with the company’s audio, vi...

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 ...

ViacomCBS, CJ ENM join hands to expand global businesses

ViacomCBS Inc., one of the top four US media conglomerates, and CJ ENM Co., South Korea’s entertainment powerhouse, have teamed up to expand t...

Korea textiles reborn as eco-friendly, high-tech

South Korea’s textile sector is reviving as a high value-added growth business with advanced technology. The business, once a leading industry...

NPS, LaSalle jointly buy UBS Group London HQ for £1.3 bn

South Korea’s National Pension Service (NPS) and global real estate investment firm LaSalle Investment Management Inc. have agreed to acquir...

Kakao extends rivalry with Naver into digital healthcare

Kakao Corp., an operator of South Korea's top mobile messenger app KakaoTalk, has set its sights on the digital healthcare market, launching an in-h...

Korea Venture Investment creates global fund worth $2 billion

Korea’s government-backed fund of funds (FOF) management institution announced its latest selection of funds late last month, which would bene...

S.Korea to build solar power plants in Chile for $130 mn

South Korea is planning to build solar photovoltaic power plants in Chile, investing $130 million, in a move to help local companies expand their re...

Inspire secures $1.6 bn for its luxury resort project in Incheon

Inspire Integrated Resort Co., a South Korean resort developer and 100% affiliate of US casino and gaming company Mohegan Gaming & Entertainme...

Global cities with young elites will survive in long term, RXR chairman says

Now it is time to invest in e-commerce, healthcare and multifamily housing, or the so-called three megatrends, which have increased in demand during...

Korea's SK, LX, Daesang to invest $151 mn in eco-friendly plastics

South Korea’s conglomerates SK, LX and Daesang have joined hands on the eco-friendly plastics business, utilizing their respective strengths i...

Samsung, Korea Post create $336 mn overseas alternative investment fund

South Korea's largest insurance company Samsung Life Insurance Co. and state-run postal savings and insurance agency Korea Post’s insurance ...

Hellbound tops Netflix global TV series list within 24 hours

Netflix's original South Korean drama series Hellbound topped the platform’s global chart within a day of its Nov. 19 release, much faster tha...

Hyundai launches electrified GV70’s global premiere in China to boost sales

Hyundai Motor Co. has unveiled an electric variant of the GV70, a premium SUV under its standalone Genesis brand, for the first time globally at a C...

LG Chem, GS Caltex to produce biodegradable plastic material

South Korea’s top petrochemical maker LG Chem Ltd. and the No. 2 refiner GS Caltex Corp. have agreed to jointly produce a biodegradable plasti...

BTS, TWICE to lead restart of K-pop global live concerts

K-pop artists such as BTS and TWICE are set to resume global live concerts – suspended by the global pandemic for about two years – as c...

Mirae Asset Global Investments posts record-high Q1-Q3 net profit

Mirae Asset Global Investments Co. announced on Nov. 15 that its operating profit and net profit for the first three quarters came in at 312.4 bil...

Global carmakers deliver unfinished cars due to chip shortage

Global carmakers are now delivering unfinished cars, or vehicles without popular convenience features such as USB ports, to appease customers runnin...

Urea crisis lays bare South Korea’s heavy dependence on China

The diesel exhaust fluid crisis hitting South Korea across various industries lays bare the supply chain vulnerability of the country, which has hea...

HMM rakes in record quarterly profits on higher freight rates

HMM Co., South Korea’s largest container line, posted fresh record sales and profits in the third quarter, boosted by higher freight rates and...

Hanwha Energy to raise $130 mn for Australia hydrogen project

Hanwha Energy Corp. of South Korea's Hanwha Group will raise about 150 billion won ($130 million) from Woori Private Equity to fund its solar energy...

Global supply crisis endangers S.Korea’s manufacturers

A South Korean electric equipment maker has decided not to seek any new orders as a spike in prices of commodities such as copper and supply disrupt...

[ASK 2021] European NPL market growth creates investment opportunities  

Global asset managers will see great opportunities in the European non-performing loan market amid challenges facing the EU banking industry, such...

Korea’s Netmarble Neo drops listing plan as sentiment sours

South Korea’s game developer Netmarble Neo decided to withdraw its initial public offering plan as sentiment in the primary market sours amid ...

Jeju as Korea's new shopping mecca: Shinsegae's task ahead

Unlike Hawaii and Las Vegas, there is one thing missing on Jeju Island, South Korea's top tourist destination: premium outlets.The island hosted 15 ...

Teachers' Pension to sharply up direct global stock investment

The Teachers' Pension in South Korea has started direct investment in overseas stock markets this year and will further increase direct management t...

Supergene looks well beyond smash hit instant game OMG

Commanding more than 100 million users for a South Korean Internet social service or a mobile game is uncommon even among industry leaders.Naver Cor...

Specialty coffee brand Terarosa raises $60 mn from Unison Capital

The operator of Terarosa, known as the Blue Bottle Coffee of South Korea, has received around 70 billion won ($60 million) in funding from Unison Ca...

NPS to up strategic partnerships with global institutions

The National Pension Service (NPS) will increase strategic investments with leading global institutional investors to boost overseas alternative inv...

Goldman picks three key factors for alternative investment

A number of clear trends will play out for alternatives in the future, notably digitization, customization, and values-based investing, Goldman Sach...