Samsung nears 3-nano chip mass production ahead of TSMC

Samsung Electronics Co. is close to mass producing 3-nanometer chips based on a next-generation ultramicro fabrication process as a global first and...

Pharma companies jump into $3 bn pet care market

South Korean pharmaceutical companies are jumping into the animal medicine and diagnostics market to target the rapidly growing pet care market, whi...

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...

Korea’s adult audio platform eyes Japan for global biz

South Korea’s adult audio content platform for women raised money to make inroads into Japan as a start of its global business.Sensual Moment ...

KT, Hanmi-invested therapeutics maker Digital Pharm launched

Digital Pharm, jointly invested in by KT Corp. and Hanmi Pharmaceutical Co., held an official inauguration ceremony last week, the company announced...

Brokerages sit on $5.3 bn of global alternative assets to sell down

Some major securities firms in South Korea are having difficulties with overseas alternative assets they have yet to sell down. The brokerage firm...

Samsung Bioepis’ SB12 shows same clinical effects as Alexion’s Soliris

Samsung Bioepis Co., a biopharmaceutical unit of Samsung Group, said its SB12, a proposed biosimilar to Alexion Pharmaceuticals Inc.’s rare bl...

LG Display to target 3 billion gamers with dedicated OLED

South Korea’s major display panel maker LG Display Co. aims to attract 3 billion gamers worldwide by fostering products dedicated to gaming as...

Korean LPs join Antares Capital’s $3.5 bn credit fund

A few key institutional investors in South Korea are set to commit up to $300 million to a $3.5 billion private credit fund by US private debt man...

[ASK 2022] Infrastructure benefits from inflation and population growth: Sera Global

 Infrastructure is stronger than ever amid the current macroeconomic risks, and investors will see greater opportunities in the ...

SKC to sell plastic film business to Hahn & Co. for $1.3 billion

SKC Ltd., the chemical materials unit of South Korea’s SK Group, is selling its plastic film business to private equity firm Hahn & Co. fo...

Lemon Healthcare aims for IPO and triple jump in revenue

Imagine making a doctor’s appointment with a click of a button on a smartphone app. Once at the clinic or hospital, the app will guide the use...

SK set to buy stake in Bill Gates' TerraPower

SK Innovation Co., South Korea's leading petrochemical company, is planning to buy a stake in TerraPower, a US nuclear power venture founded by Bill...

Hyundai Robotics, Vodafone to provide service robots in Germany

South Korean robotics firm Hyundai Robotics Co. announced it signed a letter of intent for a business partnership with global telecommunications gia...

Kakao to merge US webtoon, web novel platforms

South Korea’s Kakao Entertainment Co. is set to merge Tapas Media Inc. and Radish Fiction Inc., its webtoon and mobile novel platforms in Nort...

KB Asset buys Belgian office towers for $654 million

KB Asset Management Co., the investment arm of KB Financial Group in South Korea, said on Friday it has completed a 100% acquisition of North Galaxy...

S.Korea to launch $1.3 bn air taxi research project

The South Korean government will launch a 1.6 trillion won ($1.3 billion) project to set basic standards for urban air mobility (UAM), or air taxi, ...

LG Chem receives FDA nod for CUE-102 cancer treatment phase 1 trials

LG Chem Life Sciences, the biopharmaceutical unit of LG Chem Ltd., has received the US Food and Drug Administration’s approval for phase 1 cli...

SK On to build $2.3 bn EV battery plant for Hyundai in US

SK On Co., the world’s fifth-largest electric vehicle battery manufacturer, plans to build a new US factory to supply batteries to a planned E...

Mirae Asset named preferred bidder for IFC Seoul

Mirae Asset Global Investments Co., an asset management arm of Mirae Asset Financial Group in South Korea, will be in an exclusive talk with Brookfi...

Samsung to supply chip substrate for Apple’s next-gen M2 processor

Samsung Electro-Mechanics Co. will supply its semiconductor package substrate to Apple Inc. for the US tech giant’s next-generation M2 process...

FutureChem seeks FDA nod for prostate cancer radiopharma trials

FutureChem Co., a South Korean radiopharmaceutical company, is seeking the US Food and Drug Administration’s approval for clinical tests of it...

Hanssem to remodel itself into 'living tech' company 

South Korea’s furniture maker Hanssem Co. unveiled its mid-to-long-term business strategy to institutional investors on Friday. During it...

BOK unexpectedly hikes interest rate as inflation accelerates

South Korea’s central bank on Thursday raised its policy interest rate in a surprise move as accelerating inflation is feared to bite into gro...

Kakao's game unit behind Odin valued at $2.7 bn before IPO

Lionheart Studio Corp., the firm behind South Korea’s popular mobile game Odin, is preparing to go public as early as this year, with its ente...

Kakao Piccoma acquires Japan’s cryptocurrency exchange SEBC

Kakao Corp., South Korea’s top mobile messenger app operator, has acquired a controlling stake in Sakura Exchange BitCoin (SEBC), a Japanese c...

SK On to raise $822.5 mn from Korean PEF consortium

South Korea’s SK On Co., the world’s fifth-largest electric vehicle battery maker, is set to raise up to 1 trillion won ($822.5 million)...

MBK sees most productive year ever, returning $5.3 bn to investors

MBK Partners will be bold in moving into more Asian markets this year, wrote the company's founder and chairman Michael ByungJu Kim, in his annual l...

Koreans return to foreign stock funds for bargain hunting

South Korean funds for overseas stock investments enjoyed the return of money to buy growth shares in the US on dips this year, while local investor...

One in five S.Koreans use AI-powered tax filing platform 3.3

Jobis & Villains, the operator of artificial intelligence-powered accounting platform 3.3, is resolute about its mission to help gig economy wor...