SK Telecom AI service
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Mergers & Acquisitions
KKR invests $2 bn in SK E&S' new preferred shares
KKR & Co. has signed an agreement to buy 2.4 trillion won ($2 billion) worth of newly-issued preferred shares in SK E&S Co., the US private ...
Nov 05, 2021 (Gmt+09:00)
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Tech, Media & Telecom
Google allows alternate in-app payment options in South Korea, though familiar fees remain
SEOUL—Alphabet Inc.’s Google plans to continue charging South Korean app developers a service fee for in-app purchases, even as users fo...
Nov 05, 2021 (Gmt+09:00)
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Korean startups
AI human developer MINDs Lab aims for November IPO
South Korea’s top artificial intelligence (AI) developer MINDs Lab Inc. is aiming to list on the Kosdaq market within this month. While the ...
Nov 03, 2021 (Gmt+09:00)
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Korean games
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...
Nov 03, 2021 (Gmt+09:00)
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Business & Politics
SK Group’s Chey vows half of $52 bn US spending in batteries, hydrogen
SK Group Chairman Chey Tae-won has vowed to spend $26 billion, or half of the group’s planned investment in the US by 2030, on electric vehicl...
Nov 02, 2021 (Gmt+09:00)
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Shareholder activism
SK Chem says no immediate plan to sell SK Bioscience stake
SK Chemicals Co., the top shareholder of South Korea's SK Bioscience Co., is not considering reducing its stake in the vaccine maker in the immediat...
Nov 02, 2021 (Gmt+09:00)
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Banking & Finance
Korea mulls allowing banks to adopt Toss' super-app strategy
South Korea's top financial regulator is considering allowing banks to provide basically all financial services in single apps, emulating fintech pl...
Oct 29, 2021 (Gmt+09:00)
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Korean chipmakers
SK Hynix in $492 million Key Foundry deal, doubles foundry capacity
SK Hynix Inc., the world’s second-largest memory chipmaker, said on Friday it is acquiring a 100% stake in South Korea-based Key Foundry for 5...
Oct 29, 2021 (Gmt+09:00)
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Energy
SK E&S in talks to sell ESS, solar energy projects
SK E&S Co. is in talks with a number of private equity firms and financial investors to sell energy storage systems (ESS) and solar energy devel...
Oct 29, 2021 (Gmt+09:00)
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Batteries
Race heats up in solid-state battery development
Global automakers and battery producers are accelerating the development of a next-generation electric vehicle battery, called an all-solid-state ba...
Oct 28, 2021 (Gmt+09:00)
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Korean chipmakers
SK Hynix to buy back ex-foundry unit after strong Q3 results
SK Hynix Inc. will be buying back the remaining stake in its former unit Key Foundry to double its foundry capacity, after its third-quarter operati...
Oct 26, 2021 (Gmt+09:00)
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Tech, Media & Telecom
LCS Group, Bosung Powertec to form $40 mn fund for telecom tower project
LCS Group Korea, a South Korean corporate set up by the Philippines' LCS Group of Companies, signed a joint venture establishment contract on Oct. 2...
Oct 26, 2021 (Gmt+09:00)
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Korean chipmakers
SK Hynix unveils industry’s highest-performing DRAM chip
SK Hynix Inc., the world’s second-largest memory chipmaker, has unveiled the industry’s highest-performing DRAM with a data speed capabl...
Oct 21, 2021 (Gmt+09:00)
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Battery materials
SK Inc. to invest $102 million in China’s copper foil firm Lingbao Wason
SK Inc., the holding and investment company of South Korea’s SK Group, plans to invest 120 billion won ($102 million) in China’s Lingbao...
Oct 20, 2021 (Gmt+09:00)
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Entertainment
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...
Oct 20, 2021 (Gmt+09:00)
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Entertainment
DearU: A K-pop fan engagement platform success story
No company would know better than DearU Inc. that powerful fandom can turn into fast money.The South Korean startup that started as a software devel...
Oct 18, 2021 (Gmt+09:00)
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Korean startups
Luxury reseller EndAnd offers one-of-a-kind authentication service
One of the biggest concerns in purchasing a secondhand luxury item is being uncertain if the item is real or fake. And South Korea-based luxury resa...
Oct 13, 2021 (Gmt+09:00)
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Hydrogen economy
SK to form 'turquoise' hydrogen JV in Korea with Monolith
SK Inc., the holding and investment company of South Korea’s SK Group, agreed to establish a 'turquoise' hydrogen joint venture in the country...
Oct 13, 2021 (Gmt+09:00)
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Corporate restructuring
Amazon in talks to invest in SK Tel's spun-off unit
Amazon.com, the world's largest online retailer, is in negotiations with South Korea's SK Telecom Co. to invest in the mobile carrier's non-telecom ...
Oct 13, 2021 (Gmt+09:00)
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Mergers & Acquisitions
KKR named as preferred buyer of SK E&S' $2 bn new shares
KKR & Co. has secured the exclusive negotiating rights to buy SK E&S Co.'s new preferred shares worth 2.4 trillion won ($2 billion), which t...
Oct 12, 2021 (Gmt+09:00)
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Corporate governance
SK Group to reform governance structure with stronger board of directors
SK Group will undergo a major governance reform with significant empowerment of the board of directors in making key management decisions. The group...
Oct 12, 2021 (Gmt+09:00)
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Taxation
Samsung, SK Hynix to pay corporate taxes to foreign countries
South Korea’s chipmaking giants Samsung Electronics Co. and SK Hynix are set to pay hundreds of millions of dollars in corporate taxes to fore...
Oct 10, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Shares in Woori Financial draw KT, builder and PEFs
South Korea's telecom giant KT Corp., mid-sized builder Hoban Construction Co. and about 10 private equity firms have submitted letters of intent to...
Oct 08, 2021 (Gmt+09:00)
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Pre-IPOs
ADT Caps seeks about $300 mn in pre-IPO funding
ADT Caps Co., South Korea's No. 2 security services provider, is seeking to raise up to 400 billion won ($336 million) from private equity firms ahe...
Oct 07, 2021 (Gmt+09:00)
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Autodesk CEO
Digital transformation, a matter of life and death: Autodesk CEO
SILICON VALLEY – One of the things that have drastically changed the business environment in the pandemic era is the prevalence of companies t...
Oct 07, 2021 (Gmt+09:00)
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Hydrogen economy
SK, Plug Power launch JV to grab Asia’s hydrogen fuel cell market
SK Group’s city gas supplier SK E&S Co. said on Oct. 6 that it has officially kicked off the joint venture (JV) with the American hydrogen...
Oct 06, 2021 (Gmt+09:00)
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Korean startups
Portrai to revolutionize biopsy quality through AI technology
Biopsy is one of the most used methods to examine a person’s illness, taking a tissue sample of a patient for analysis. Usually, the samples a...
Oct 06, 2021 (Gmt+09:00)
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Batteries
SK may develop LFP batteries for low-priced EVs
SK On, the recently-launched battery company of South Korea's SK Group, is considering manufacturing lithium iron phosphate (LFP) batteries to suppl...
Oct 05, 2021 (Gmt+09:00)
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Mergers & Acquisitions
SK E&S' $2 bn share deal draws slew of funding providers
KKR & Co. and three other private equity firms, shortlisted for SK E&S Co.'s new preferred shares worth 2 trillion won ($1.7 billion), are n...
Oct 05, 2021 (Gmt+09:00)
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Batteries
SK, POSCO in heated race for next-generation silicon battery materials
South Korea’s two big conglomerates, SK and POSCO, are setting their sights on silicon anode, a next-generation material for lithium-ion batte...
Oct 04, 2021 (Gmt+09:00)
Latest News
- 1 Want to look beautiful? – Here’s the 'Made In Korea' mask pack
- 2 LG Chem closes $1 bn water filter division sale to Glenwood PE
- 3 Hyundai Motor-backed Motional names AI veteran Laura Major as CEO
- 4 President Lee: Businesses at center of policy priorities for economic growth
- 5 Samsung supplies HBM3E to AMD’s new accelerators