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, ...
Yoon admin to expand KIC's fund management base
South Korea's new president Yoon Suk-yeol, who took office on Tuesday, is set to push the expansion of sovereign wealth fund Korea Investment Corpor...
LG’s telecommunication unit joins UAM race in Korea
LG Group’s telecommunication unit joined the race for South Korea’s urban air mobility (UAM) to secure a future growth engine in coopera...
Korea’s major airlines continue to enjoy cargo boom
Korean Air Lines Co., the country’s top carrier, reported a record quarterly operating profit on the strong cargo business while its smaller d...
Kakao CEO vows messenger app reform as Q1 misses forecasts
South Korea’s leading online platform operator Kakao Corp. plans to drastically change the way KakaoTalk, the country’s top mobile messe...
Hyundai opens world's first UAM takeoff, landing area in UK
South Korea's Hyundai Motor Group has opened the world's first urban air mobility (UAM) takeoff and landing area in central England.Supernal LLC, Hy...
SeAH to supply steel pipes for LNG export base in Qatar via Samsung
SeAH Steel Corp., the largest steel pipe manufacturer in South Korea, signed a contract on April 25 to offer Samsung C&T Corp. its stain...
Korean Air-Asiana deal girds for tough US challenge
The merger between South Korea's two largest air carriers – Korean Air Lines Co. Asiana Airlines Inc. – may face a tough challenge in th...
Yoon administration to launch strategic committee for semiconductors
President-elect Yoon Suk-yeol’s transition team announced Thursday it is considering a joint public-private committee that will be in charge o...
Samsung Heavy sells undelivered drillships to PEF
South Korea's Samsung Heavy Industries Co. has sold its four undelivered drillships to a domestic private equity fund for a combined 1.04 trillion w...
Hyundai Motor enters metaverse sphere in tie-up with Meta Kongz
South Korea’s top automaker Hyundai Motor Co. has announced its foray into the non-fungible token market in partnership with Meta Kongz, an NF...
SK Telecom’s bet on air mobility, metaverse in full display at World IT Show
SK Telecom Co. is poised to show off its latest services at this year’s World IT Show slated for three days from April 20. At the large...
Hilton Seoul to transform into UAM landing area
South Korea's Hyundai Engineering & Construction Co. (Hyundai E&C) plans to build the country's first landing area for urban air mobility (U...
Korea firms’ Shanghai plants to remain disrupted long on lockdown
South Korean companies’ production in Shanghai is expected to remain disrupted long on the lockdown to curb the spread of COVID-19, raising co...
Korean Air’s stock lags US peers' on slow demand recovery
Korean Air Lines Co.’s stock is underperforming those of its US rivals on concerns that South Korea’s top carrier is unlikely to immedia...
LS Group may raise stake in LS-Nikko Copper to 90%
South Korea's LS Group is considering buying an additional stake in LS-Nikko Copper Inc. to boost its stake in the world’s second-largest elec...
Kakao Entertainment sets up content ecosystem with M&As
Kakao Entertainment Corp., a unit of South Korea’s top mobile messenger app operator, has established its own content ecosystem including crea...
Hahn & Co. buys Korean food startup in bolt-on deal
Seoul-based private equity firm Hahn & Co. has acquired a South Korean meal kit provider for 75 billion won ($61 million), a deal expected to bo...
POSCO Chemical to raise $244 mn in green bonds
POSCO Chemical Co., South Korean steelmaker POSCO Group’s chemical and battery material unit, said on April 8 that it will issue green bonds w...
Slack gains more than 1,000 clients in S.Korea in just two years
The seven hottest tech companies and startups in South Korea earned a new nickname, a word combining their first syllables. What they also have in c...
SK Lubricants invests $25 mn in US liquid immersion cooling firm
SK Lubricants Co., the world’s largest lube base oil supplier, invested $25 million in a US liquid immersion cooling solutions provider for da...
SK Hynix considers joint acquisition of UK chip designer Arm
South Korea's SK Hynix Inc. is considering forming a consortium with other strategic investors to buy Arm Ltd., a British semiconductor design compa...
POSCO, Hancock partner for low-carbon steel materials production
South Korea’s top steelmaker POSCO Co. and Hancock Prospecting Pty Ltd, a leading Australian mining firm, are slated to collaborate in low-car...
Daewoo E&C jointly creates $400 mn fund for overseas M&As
Daewoo Engineering & Construction Co. of South Korea and IMM Investment Global, the Hong Kong-based affiliate of Korean equity firm IMM Investme...
LG AI Research opens first overseas base in Michigan
South Korean LG Corp.'s artificial intelligence research institute set up its first overseas base in Michigan to expand its global AI research ...
Krafton signs MOU with Solana for blockchain-based games and services
South Korea’s leading game developer Krafton Inc. announced Wednesday it signed a memorandum of understanding with San Francisco-based Solana ...
Korea's new asset managers survive with competitive edge
Most new asset management firms in South Korea end up lagging the competition due to their smaller sizes. They suffer from operating losses ...
Hyundai, BAIC Motor to inject $942 mn in China JV for EVs
Hyundai Motor Co., South Korea’s top automaker, is set to invest more in China to revive its business on the mainland through quality electric...
Korea Hana teams up with British developer Nick Candy in Chelsea bid
South Korea’s Hana Financial Group has joined the race to buy English Premier League club Chelsea in a consortium with British property develo...
LG Elec. to sell automotive wireless smartphone charging division
South Korea’s LG Electronics Inc. plans to drop its automotive wireless smartphone charging unit as the global home appliance giant exited fro...
