Seoul, Washington to bolster small nuclear reactor tech alliance

Seoul, Washington to bolster small nuclear reactor tech alliance

South Korean President Yoon Suk-yeol will meet with his US counterpart President Joe Biden this Saturday for a summit meeting in Seoul. The two...

Crypto investors threaten Terraform founders with class-action lawsuit

Crypto investors threaten Terraform founders with class-action lawsuit

Cryptocurrency investors in South Korea have threatened to file a class action lawsuit against co-founders of the disgraced blockchain platform oper...

Korea's top patient monitoring device maker targets pet sector

Korea's top patient monitoring device maker targets pet sector

South Korea’s leading patient monitoring device maker Mediana Co. is targeting the pet medical industry while seeking an artificial intelligen...

Mirae Asset named preferred bidder for IFC Seoul

Mirae Asset named preferred bidder for IFC Seoul

Mirae Asset Global Investments Co., an asset management arm of Mirae Asset Financial Group in South Korea, will be in an exclusive talk with Brookfi...

NH-Amundi sells Yuanta's Seoul office to Capstone for $242 bn

NH-Amundi sells Yuanta's Seoul office to Capstone for $242 bn

South Korea’s NH-Amundi Asset Management Co. said on Monday that it completed selling Yuanta Securities Co.’s Korean headquarters to C...

Following Japan’s economic decline

Following Japan’s economic decline

When it comes to the economy, would it be faster for South Korea to surpass Japan or be surpassed by Taiwan?Recently, all eyes are on the three East...

IGIS, KKR to found JV for real estate investment in Korea

IGIS, KKR to found JV for real estate investment in Korea

US private equity investment giant KKR & Co. and IGIS Asset Management Co., the largest real estate fund manager in South Korea, will set up a j...

Yoon admin to launch special startup-support track 

Yoon admin to launch special startup-support track 

The incoming Yoon Suk-yeol administration will lend extra support to the startup ecosystem – biotech and artificial intelligence firms in part...

Blackstone taps ex-Citibank Korea CEO as Seoul office head

Blackstone taps ex-Citibank Korea CEO as Seoul office head

The Blackstone Group has named Ha Yung-Ku, who had led Citibank Korea for nearly 14 years, as chairman of its South Korean operations as the US inve...

Office deals in Seoul, Bundang surge 45% on-year in Q1

Office deals in Seoul, Bundang surge 45% on-year in Q1

The office building deals in Seoul and neighboring Bundang Business District (BBD) reached 3.1 trillion won ($2.5 billion) during the first quarte...

Affinity Equity to refinance Serveone to recoup investment

Affinity Equity to refinance Serveone to recoup investment

Affinity Equity Partners is in the process of raising 700 billion won ($565 million) to recapitalize South Korea's Serveone Co. in an attempt to rec...

Samsung Heavy sells undelivered drillships to PEF

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...

Fractional copyright ownerships are securities: Seoul

Fractional copyright ownerships are securities: Seoul

Musicow Inc., South Korea's first music copyright trading platform, will come under regulatory scrutiny, after the country's top financial regulator...

Shinsegae, IGIS bolster tie-ups to bid for IFC Seoul

Shinsegae, IGIS bolster tie-ups to bid for IFC Seoul

South Korea's retail giant Shinsegae Group has joined forces with Seoul-based IGIS Asset Management Co. to bid for International Finance Center in S...

Hilton Seoul to transform into UAM landing area

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...

US and German startups funded by Mirae Asset join ranks of unicorns

US and German startups funded by Mirae Asset join ranks of unicorns

Mirae Asset Venture Investment Co. is forecast to rake in more than 400 billion won ($325 million) for its investment in Moloco Inc. Mirae As...

Warehouses pile financial burden on investment firms

Warehouses pile financial burden on investment firms

South Korea’s logistics centers are ramping up the financial pressure on real estate investment firms. Previously a favored property type, i...

LS Group may raise stake in LS-Nikko Copper to 90%

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...

Grade-A offices in Seoul hit lowest vacancy rate in Q1 2022

Grade-A offices in Seoul hit lowest vacancy rate in Q1 2022

Grade-A offices saw their lowest-ever quarterly vacancy rate in the first quarter of 2022 since 2010, when Canada-based real estate investment manag...

Hanwha Solutions to raise $491 mn with materials unit split-off

Hanwha Solutions to raise $491 mn with materials unit split-off

South Korea’s Hanwha Solutions Corp. is set to split off its advanced materials business and sell a stake in the unit to raise $491 million fo...

Local hotels lure investment on hopes of returning visitors

Local hotels lure investment on hopes of returning visitors

Investment firms in South Korea are injecting funds into domestic hotels, preparing for the post-pandemic era. The firms are particularly focusing...

KTB rebrands with name change as Daol Financial Group

KTB rebrands with name change as Daol Financial Group

Daol Financial Group of South Korea, formerly known as KTB Financial Group, announced on March 25 the change in the company's name. Daol, a Korean w...

South Korea's 2021 outbound FDI at record-high $76 bn

South Korea's 2021 outbound FDI at record-high $76 bn

South Korea's outbound direct investment in 2021 soared 32.8% from the year previous to a record-high $75.9 billion, led by financial investors and ...

Star-studded vision AI startup SNUAI requires less data and time

Star-studded vision AI startup SNUAI requires less data and time

“The first joint venture with the Seoul National University seal of approval” is how artificial intelligence startup SNUAI Lab Co. des...

Lotte seeks first-mover advantage in senior market

Lotte seeks first-mover advantage in senior market

South Korea's Lotte Group will build a luxury residential town for retirees in Seoul by 2025 to plunge into the senior housing market.Lotte Hotels a...

Korea Hana teams up with British developer Nick Candy in Chelsea bid

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...

Gucci to open world’s fourth Osteria restaurant in Seoul

Gucci to open world’s fourth Osteria restaurant in Seoul

Seoulites are set to enjoy Gucci’s fine-dining experience from later this month.The Italian luxury fashion house said on Wednesday it will ope...

Hyundai to make IONIQ 5 in Indonesia, EV hub for ASEAN market

Hyundai to make IONIQ 5 in Indonesia, EV hub for ASEAN market

Hyundai Motor Co. has started mass producing its iconic all-electric crossover IONIQ 5 at its newly built plant in Indonesia, a country that the top...

Data centers in European core cities are promising, Principal head says

Data centers in European core cities are promising, Principal head says

Critical data center hubs have emerged in European major cities with dramatic growth in data consumption, and the facilities are rising as promising...

Seoul to tighten eligibility for institutions to bid for IPOs

Seoul to tighten eligibility for institutions to bid for IPOs

South Korea will tighten its eligibility requirements for institutional investors to bid for initial public offerings, a move aimed at cooling the o...

Yonsei University: Unlikely yet adroit dealmaker in S.Korea’s M&A market S.Korea corporate law reform gains bipartisan support Hyundai Rotem seals record $6.5 bn K2 tank deal with Poland IGIS Asset resumes sale of KIC-backed Shilla Stay Seodaemun The wait is over: BTS are back with new album, global tour in spring 2026