Samsung Galaxy boosts YouTube Music’s market share in Korea

YouTube is quickly growing in South Korea’s music market, the world’s sixth-largest. The number of YouTube Music’s monthly active ...

Samsung looks to acquire bio company, reviews botox maker Hugel

Samsung Group is looking to buy a biopharmaceutical company as the top South Korean business conglomerate is resuming merger and acquisition activit...

Samsung Heavy aims renewable energy markets with offshore wind floater

South Korea’s Samsung Heavy Industries Co. unveiled an offshore wind floater to branch out into renewable energy markets at home and abroad. ...

Samsung launches upgraded commercial MicroLED display The Wall

Samsung Electronics Co., the world’s largest TV maker, is launching an upgraded model of The Wall, a large-size modular MicroLED display produ...

Korea Inc. rush to sell property, new shares to fund new business

South Korea’s major companies are rushing to secure cash to fund new business. Some have sold or securitized property, while others issued n...

Korea’s new PCR kits, devices to speed COVID-19 detection

South Korea’s biotechnology companies are releasing polymerase chain reaction (PCR) kits and equipment to detect COVID-19 infections within an...

Samsung Next ramps up investment in NFT ventures

Samsung Electronics Co. is betting big on non-fungible token (NFT) companies through its venture capital unit Samsung Next, headquartered in Mountai...

Samsung courts image sensor leader Sony with new automotive products

Samsung Electronics Co., the world’s second-largest image sensor maker, is courting industry leader Sony Corp. with its new line of automotive...

Samsung Electro-Mechanics targets EV parts

Samsung Electro-Mechanics, a South Korean electronic components maker, aims to expand its business in the booming electric vehicle (EV) parts market...

Debt-ridden Ssangyong to sell car plant in self-rescue drive

Ssangyong Motor Co., the debt-ridden South Korean unit of India’s Mahindra and Mahindra Ltd. now in court receivership, has decided to sell it...

Celltrion, Samsung Bioepis anticipate increased biosimilar sales in Europe

South Korean biosimilar companies such as Celltrion Inc. and Samsung Bioepis Co. are likely to see their sales hike by tens of millions of dollars...

World’s top COVID-19 test kit maker draws $28 bn in IPO subscriptions

The IPO of SD Biosensor Inc., which has sold the most COVID-19 test kits in the world -- selling more than 700 million kits from February 2020 to Ma...

Indonesia's HappyFresh draws half of new funding from Korea

Indonesia's online grocery platform HappyFresh will receive another $33 million from South Korean investors, including the Asian startup fund of Nav...

Samsung’s LED business makes big global rebound

Samsung Electronics Co.’s light-emitting diode (LED) business, which was almost on the verge of a shutdown due to its sluggish performance, is...

Cash-strapped Korean LCCs to bolster capital: Jeju Air to raise $175 mn

Jeju Air Co., South Korea’s largest low-cost carrier (LCC), seeks to raise some $175 million in new shares to boost its capital base, raising ...

Koh Young’s medical robot KYMERO expands foothold in Korean hospitals

Koh Young Technology Inc., Korea’s leading maker of 3D optical inspection devices used in electronics manufacturing, has further strengthened ...

Samsung Elec's Q2 operating profit beats forecast on strong chip business

Samsung Electronics Co. said its operating profit in the second quarter likely surged more than 50%, beating market expectations, thanks to its heal...

Samsung, Hanwha Q Cells to offer IoT home energy solutions in US, EU

Samsung Electronics Co. and South Korea’s leading solar panel maker Hanwha Q Cells Co. have joined hands to provide smart home energy solution...

LG invests $88 mn in Kakao Mobility as both seek new growth opportunities

LG Corp., the holding company of South Korea’s fourth-largest conglomerate LG Group, is investing 100 billion won ($88 million) in Kakao Mobil...

KIC aims to boost alternatives to 25% by 2027

The Korea Investment Corporation (KIC) will gradually increase alternative investments such as venture capital, private equity and debt, and infrast...

Korean corporate bonds suffer from cooling investor sentiment

South Korean corporate bond markets are set to suffer from shrinking liquidity as institutional investors are turning cautious and refraining from m...

Naver expands ties with CJ Group into OTT platform

South Korea's Naver Corp. has agreed to buy 40 billion won ($35 million) worth of new shares in the domestic over-the-top (OTT) services provider TV...

LG launches QNED TV to rival Samsung in premium TV market

LG Electronics Inc. has launched new flashy flagship TV models, with which the South Korean home electronics giant aims to compete with its bigger r...

Samsung Heavy Industries charters drillship to Italy’s Saipem

South Korea’s Samsung Heavy Industries Co. has signed a contract to lease a newbuild drillship to Italian oilfield services company Saipem S.p...

Samsung Life eyes CPPIB-style stake purchases in GPs

Samsung Life Insurance Co. has drawn attention from South Korean pension and savings funds with its $90 million purchase last month of a stake in Sa...

Taiwan’s Fubon Life raises stake in Korean unit via $405 mn rights offer

Fubon Life Insurance Co., a unit of Taiwan’s Fubon Financial Holding Co., has raised its stake in a Korean joint venture with Hyundai Motor Gr...

Hanwha to buy $900 mn Hanwha General shares from Samsung

Two Hanwha Group units have decided to buy the remaining stake in their affiliate Hanwha General Chemical Co. for 1 trillion won ($880 million) from...

Hyundai Motor, Grab deepen partnership for EV adoption in Southeast Asia

South Korea’s Hyundai Motor Group and Grab Holdings Inc. have agreed to strengthen their partnership in mobility services to accelerate the ad...

DB HiTek in quandary over foundry ramp-up amid chip supercycle

DB HiTek Co., one of South Korea’s leading foundry chipmakers, is enjoying the current market boom, which is forcing makers of cars and electr...

Samsung Asset in $12.4 bn oil pipeline stake purchase

South Korea's Samsung Asset Management Co. has participated in a $12.4 billion acquisition of a 49% stake in Aramco Oil Pipelines Co., a unit of Sau...