TPG to sell off Korean luxury tile firm Nox's parent for $421 mn

US alternative investment manager TPG Inc. is poised to sell a 65% stake in South Korea’s Moleem Corp., the parent of global leading luxury vi...

SpaceX to receive $44 mn injection from Korean high-net-worth individuals

South Korea’s Mirae Asset Securities Co., which committed $100 million to Elon Musk’s Space Exploration Technologies Corp. (SpaceX) in J...

Korean Air to introduce new planes, spend $1.7 bn on safety

Korean Air Lines Co., the country’s flag carrier, plans to bring in new airplanes and spend $1.7 billion on safety measures after a recent spa...

Small Korean life insurer further rattles bond market

A South Korean small insurer has made a rare decision not to buy back dollar perpetual bonds, in the first such case for the country’s issuers...

Lotte Shopping joins hands with UK's Ocado to build online grocery store 

Lotte Shopping Co. will join forces with the Hertfordshire, England-based Ocado Group, which licenses grocery fulfillment technology to retailers.&n...

Game publisher Com2uS buys $47 mn worth of SM Entertainment shares

South Korean mobile and online game developer and publisher Com2uS Corp. acquired a whopping 67 billion won ($47 million) worth of SM Entertainment ...

Korea’s KHNP inks nuclear power plant deal with Poland

Korea Hydro and Nuclear Power Co. (KHNP) signed an initial agreement for a nuclear power plant in Poland, paving the way to win an expected $30 bill...

EcoPro BM to build battery materials plant in Canada

EcoPro BM Co., South Korea’s leading battery material producer, is set to build a plant in Canada with a $704 million investment in a partners...

Hyundai Motor to boost US presence with $5.5 bn new Georgia EV plant

Hyundai Motor Co. broke ground on a $5.54 billion electric vehicle and battery plant in the US state of Georgia on Tuesday, as the top South Korean ...

Hyundai Motor to build more solar cell facilities to power Ulsan plant

South Korea’s top automaker Hyundai Motor Co. will build additional solar cell power generation facilities at its main plant in Ulsan amid a m...

Korea's Mirae Asset to invest $200 mn in Musk’s Twitter deal

Mirae Asset Financial Group is set to chip in some $200 million toward Tesla CEO Elon Musk’s $44 billion takeover of Twitter Inc. in acquisiti...

OCI to invest $40 million to expand US solar module production facilities

OCI Co., a leading South Korean solar power cell manufacturer, said on Monday it will invest $40 million to expand the solar cell module production ...

Robust consumer spending in South Korea despite economic downturn

A buyer who works for the men's fashion division of a South Korean department store had trouble sleeping ahead of the fall sale that ran from Sept. ...

Korea's Samsung Biologics signs $296 mn CMO deal with GSK

South Korea’s Samsung Biologics Co. has signed a $296.1 million deal to supply biopharmaceutical products to UK-based multinational pharma gia...

Korea’s KHNP likely to sign nuclear power plant deal with Poland

Korea Hydro and Nuclear Power Co. (KHNP) is expected to sign an initial agreement to build a nuclear power plant in Poland, separate from a three-wa...

Keppel completes Korean waste treatment firm takeover for $530 mn

Singapore-based Keppel Infrastructure completed the acquisition of South Korea’s leading waste management company EMK Co. for 760 billion won ...

POSCO Holdings' Q3 profit tumbles on steel mill shutdown

POSCO Holdings Inc., the holding company of the world’s sixth-largest steel maker, missed market estimates for its quarterly profit as last mo...

Samsung SDI supplier Jaewon seeks about $280 mn in pre-IPO

South Korean mid-sized petrochemical company Jaewon Industrial Co. is looking to attract pre-IPO investment, according to investment banking sources...

Samsung mulls new foundry plant in Europe, to expand outsourcing

Samsung Electronics Co., the world’s largest memory chipmaker, is considering expanding outsourced chip production and building a new foundry ...

Korea's LG Chem buys Nasdaq-listed biotech firm AVEO for $566 mn

South Korea’s chemicals giant LG Chem Ltd. announced on Oct. 18 that it will acquire AVEO Pharmaceuticals Inc., a Nasdaq-listed US biotech fir...

POSCO breaks ground on nickel refining plant in Korea

POSCO Group, the world’s sixth-largest steelmaker, broke ground on Friday for a high-purity nickel refining plant in South Korea to meet risin...

US DOE officials in Seoul to meet with Hyundai Motor, battery makers

US Department of Energy officials are in South Korea to discuss details of its electric vehicle and battery tax credit law with Korean government of...

SK On raises $2 bn in bank loans for Hungary plant

SK On Co., a South Korean battery maker, has raised $2 billion in bank loans to build its third plant in Hungary, a regulatory body said on Thursday...

Korean Presbyterian pension to tap GPs for alternative assets, equity

Pension Foundation of Presbyterian Church of Korea (PCK Pension), a South Korean retirement plan for pastors and churches, is poised to hire several...

Hansol Group, KAIST to launch new tech, AI research center

South Korea’s Hansol Group and the Korea Advanced Institute of Science and Technology (KAIST) have agreed to establish a research center to de...

SK Signet to build $15 million EV charger plant in Texas

SK Signet Inc., a unit of South Korea’s second-largest conglomerate SK Group, said on Wednesday it will spend $15 million, or 21.3 billion won...

Hyundai unveils Korea’s first heavy-feed petrochemical plant

Hyundai Chemical Co. on Wednesday held an official ceremony of completion of South Korea’s first heavy-feed petrochemical complex (HPC), desig...

KB's Indonesian subsidiary to launch $551 mn rights issue

Bank KB Bukopin, South Korean bank KB Bank's Indonesian subsidiary, is set to raise capital by issuing 8.44 trillion rupiah ($550.6 million) in new ...

POSCO Holdings to invest extra $1.1 billion in Argentine lithium plant

POSCO Group, which owns South Korea’s largest steelmaker, plans to invest an additional $1.09 billion, or 5 trillion won, in its lithium produ...

Math app Qanda enjoys surge in popularity with 74 mn subscribers

The number of subscribers to the mathematics education app Qanda exceeded 74 million as of earlier this month. It is rare for an app developed ...