MBK sells Japan golf club to SoftBank's Fortress for $3.5 bn

MBK sells Japan golf club to SoftBank's Fortress for $3.5 bn

MBK Partners has sold Japan's largest golf course operator Accordia Next Golf to SoftBank's Fortress Investment Group for 400 billion yen ($3.5 bill...

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

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...

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...

NPS, Tishman form $1.5 bn JV to invest in US housing

NPS, Tishman form $1.5 bn JV to invest in US housing

The National Pension Service (NPS) of South Korea, the world’s third-largest pension fund, and New York-based global real estate investment ...

Citibank's exit from Korean retail market to cost up to $1.5 bn

Citibank's exit from Korean retail market to cost up to $1.5 bn

Citigroup Inc. said on Monday its exit from South Korea's retail market was expected to cost between $1.2 billion and $1.5 billion, most of which wo...

CJ Cheiljedang to acquire Dutch bio firm Batavia for 195 million euros

CJ Cheiljedang to acquire Dutch bio firm Batavia for 195 million euros

CJ Cheiljedang Corp., a key subsidiary of South Korea’s food and entertainment conglomerate CJ Group, said on Monday it is acquiring Batavia B...

Hyundai mulls reentry into Japan with EVs, FCEVs

Hyundai mulls reentry into Japan with EVs, FCEVs

Hyundai Motor Co. is considering a return to Japan with electric vehicles and fuel cell electric vehicles after South Korea’s top carmaker r...

CJ Group Chief unveils $8.5 billion investment plans for growth

CJ Group Chief unveils $8.5 billion investment plans for growth

South Korea’s CJ Group, which operates the country’s largest food and beverage company CJ Cheiljedang Corp. as well as entertainment gia...

POBA seeks new CIO as Jang Dong-hun's term ends in Jan 2022

POBA seeks new CIO as Jang Dong-hun's term ends in Jan 2022

South Korea’s Public Officials Benefit Association (POBA) is looking for a new chief investment officer (CIO) as the term of current CIO Jang ...

Sartorius to invest $300 mn in bio material, equipment plant in Korea

Sartorius to invest $300 mn in bio material, equipment plant in Korea

Sartorius AG, German laboratory equipment and raw material maker, is slated to invest $300 million in the next three years to build a plant in South...

Slower Korean economic growth puts 4% target at risk

Slower Korean economic growth puts 4% target at risk

South Korea’s economy expanded slower than expected in the third quarter on sluggish private consumption and capital expenditures offset healt...

Netflix reports jump in users, calls Squid Game its most popular show ever

Netflix reports jump in users, calls Squid Game its most popular show ever

Netflix Inc. added 4.4 million memberships in the third quarter, more than the company had forecast, as viewers flocked to the streaming platform wi...

Yet another Netflix hit lifts Korean content stocks even higher

Yet another Netflix hit lifts Korean content stocks even higher

South Korea’s major content production houses’ stocks rallied again on the success of yet another Netflix hit drama series, My Name.Shar...

POSCO International seeks to buy Australian gas producer Senex

POSCO International seeks to buy Australian gas producer Senex

POSCO International Co. is seeking to acquire Australian coal seam gas producer Senex Energy Ltd., as the trading unit of South Korean steelmaker PO...

LG Energy, Stellantis to launch $3.4 billion EV battery JV in US

LG Energy, Stellantis to launch $3.4 billion EV battery JV in US

South Korea’s LG Energy Solution Ltd. and multinational automaker Stellantis N.V. are launching a 4 trillion won ($3.4 billion) joint venture ...

Korea private debt growth at record high of $98 bn in Q2

Korea private debt growth at record high of $98 bn in Q2

South Korea’s private sector debt jumped near $100 billion in the April-June period, a record high of quarterly growth, amid an overheating pr...

Behind the scenes of DL Chemical’s unexpected $2.5 bn Kraton purchase

Behind the scenes of DL Chemical’s unexpected $2.5 bn Kraton purchase

When DL Chemical Co. announced its $2.5 billion acquisition of US chemical manufacturer Kraton Corp. on Monday, it left many people bewildered.The a...

Netflix brings $4.7 bn economic impact to Korean industries: Deloitte

Netflix brings $4.7 bn economic impact to Korean industries: Deloitte

Netflix Inc. has contributed to a socio-economic impact worth 5.6 trillion won ($4.7 billion) across various South Korean industries through the joi...

DL Chem seals $2.5 bn purchase of US chemical maker Kraton

DL Chem seals $2.5 bn purchase of US chemical maker Kraton

DL Chemical Co., South Korea's leading petrochemical company, has acquired Texas-based specialty chemical manufacturer Kraton Corp. for $2.5 billion...

SK Innovation, Ford to invest $11.4 billion to build largest EV battery JV

SK Innovation, Ford to invest $11.4 billion to build largest EV battery JV

SK Innovation Co. and Ford Co. will invest a combined $11.4 billion to build an assembly and battery complex and two additional battery factories in...

Korean Tiger Alternative, NH Investment buy California homes

Korean Tiger Alternative, NH Investment buy California homes

South Korea’s Tiger Alternative Investors Co. Ltd. and NH Investment & Securities bought multifamily homes in California for $220 million ...

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...

Samsung to make Tesla’s HW 4.0 self-driving auto chip

Samsung to make Tesla’s HW 4.0 self-driving auto chip

SILICON VALLEY – Samsung Electronics Co., the world’s leading chipmaker, will manufacture Tesla Inc.’s next-generation hardware 4 ...

NPS, Hines ink $2.5 bn US redevelopment project

NPS, Hines ink $2.5 bn US redevelopment project

South Korea's National Pension Service (NPS) and Hines have jointly acquired the headquarters complex of Pacific Gas & Electric Company (PG&...

CJ enters 5-year marketing partnership with LA Lakers

CJ enters 5-year marketing partnership with LA Lakers

South Korea’s CJ Cheiljedang Corp. will be sponsoring the Los Angeles Lakers (LA Lakers) as the first global partner of the American basketbal...

LS-Nikko to boost profit by 4-6% with smart factory

LS-Nikko to boost profit by 4-6% with smart factory

LS-Nikko Copper Inc., the world’s second-largest electrolytic copper maker, is beginning to reap the rewards of its smart factory project bega...

LS-Nikko to boost profit by 4-6% with smart factory

LS-Nikko to boost profit by 4-6% with smart factory

LS-Nikko Copper Inc., the world’s second-largest electrolytic copper maker, is beginning to reap the rewards of its smart factory project bega...

Hydrogen yet to boost Hyundai, Kia stocks

Hydrogen yet to boost Hyundai, Kia stocks

Hyundai Motor Co. and Kia Corp., South Korea’s top two automakers, remained sluggish in the local stock market despite their hydrogen industry...

Woori Fin to move closer to privatization by year's end

Woori Fin to move closer to privatization by year's end

The South Korean government will sell another big chunk of its remaining shares in Woori Financial Group by year's end to finally give up its top sh...

KOGAS, Hanwha-led group to build Vietnam LNG power plant

KOGAS, Hanwha-led group to build Vietnam LNG power plant

Korea Gas Corp. (KOGAS) and Hanwha Energy Corp.-led group was set to build a $4.8 billion liquefied natural gas (LNG) power plant in Vietnam that is...

Hanwha Systems to compete with LIG Nex1 for Korean version of Iron Dome NH, KB Securities, Kookmin Bank, Kim & Chang lead capital markets in H1 From G-Dragon to Ibuki: Dongmyo emerges as global fashion hotspot Hyundai helps Korean economy most with $265 bn contribution South Korea issues €1.4 billion in largest-ever euro bond sale