AI edtech startup KidsLoop joins unicorn club

Artificial intelligence-based education is similar to self-driving cars, which select the optimal transportation routes for their drivers, according...

Japan’s Aeon plans to sell off struggling Ministop Korea

South Korea’s fifth-largest convenience store chain Ministop Korea Co. is up for sale by its owner, the Aeon Group of Japan. Ministop Korea is...

AI startup Moloco raises near $150 million

Silicon Valley-based artificial intelligence startup Moloco Inc. has raised around 173.4 billion won ($148.1 million) in a recent funding round led ...

Office tower near Seoul up for sale for about $900 mn

Alpharium Tower, a landmark office tower in Pangyo Techno Valley near Seoul, will be put on the market later this year, which is expected to fetch t...

Seoul property prices rise at world's fastest rate

The commercial real estate market in Seoul saw the fastest rate of price growth among all the gateway cities in the world over the past 12 months, w...

S.Korea's top laundry franchise Cleantopia sold to PEF

South Korea's largest laundry service provider Cleantopia Co. was sold on Tuesday for about 190 billion won ($165 million) to Seoul-based JKL Partne...

MBK chair says philanthropy, writing are equally important in his life

Michael ByungJu Kim, founder and chairman of Korea’s largest private equity firm MBK Partners, will donate 30 billion won ($26 million) to the...

Naver Financial, SoftBank invest $25 mn in blockchain startup TBCASoft

South Korea-based Naver Financial, the fintech arm of online giant Naver Corp., has invested $20 million in a Series B funding round for the US-base...

Seoul to create K-beauty road as part of interactive tourism

South Korea’s capital city Seoul will set up a walking route full of beauty products, services and interactive programs for visiting tourists....

MBK seeks to exit Japan's top golf course operator

MBK Partners, a North Asia-focused private equity firm, is seeking to exit Japan's largest golf course operator Accordia Next Golf to capitalize on ...

Korea manufacturers’ trillion won club to nearly triple

The number of the trillion won club of South Korean manufacturing sector is set to nearly triple this year even as a resurgence in the COVID-19 is...

Lee Kun-hee’s art collection exhibited from this month in Seoul

The lavish art collection donated by the Samsung Group following the death of group chairman Lee Kun-hee will be shown to the public from July 21. The...

Disney Plus' S.Korea launch delayed after Netflix's court loss

Disney Plus, a global over-the-top (OTT) streaming service provider, has pushed back its South Korean service launch by about a quarter to the end o...

LG Chem to form separator JV with Japan’s Toray

LG Chem Ltd., South Korea’s top chemical maker, and Japan’s Toray Industries Inc. will set up a joint venture (JV) for separators, cor...

Woowa Brothers launches last-mile indoor food delivery robot in Seoul

Woowa Brothers Corp., South Korea’s top food delivery app operator, has launched a last-mile indoor robot food delivery service, as people inc...

Eyegene to kick off Korea’s first mRNA clinical trial

Eyegene Inc. will be South Korea’s first vaccine maker to conduct clinical tests of messenger ribonucleic acid (mRNA) COVID-19 vaccines. Ealie...

NH Financial to buy $20 mn stake in Japan's solar farm

South Korea's NongHyup Financial Group, or NH Financial Group, has acquired a stake in a solar power plant in Japan from Korea Electric Power Corp. ...

Netflix loses first court case over network usage fee

Global streaming giant Netflix Inc. lost a South Korean court case on Friday, in the world's first ruling over a dispute about whether over-the-top ...

Morai's virtual testing solution reduces testing period for self-driving cars

A self-driving car needs to pass all sorts of tests before setting off for the open road. It needs to experience different types of roads, terrain f...

Seoul to host EV-only Formula E World Championship in 2022

South Korea’s capital Seoul will be finally hosting the ABB FIA Formula E World Championship in August 2022, with BTS as the global ambassador...

Coupang changes leadership roles to expand global business

Coupang Corp. has executed changes in leadership roles to focus more on overseas ventures. The company has entered Japan and Singapore this year. So...

Delivery service provider Barogo wraps up $72 mn Series C round

Logistics IT platform service Barogo has successfully wrapped up an 80 billion won ($72 million) Series C round, far above the company's initial tar...

Samsung loses ground in foundry market as TSMC ties in with Japanese firms

Samsung Electronics Co., which is losing share of the global foundry market, has come under increased pressure from its bigger rival Taiwan Semicond...

Vision Fund loss slashes Masayoshi Son’s 2020 salary by 52%

SoftBank Group founder and CEO Masayoshi Son’s salary more than halved last year, according to the group’s regulatory filing on May 28.T...

Hana buys Osaka logistics center for about $140 mn

South Korea's Hana Alternative Asset Management Co. has beat 16 Japanese bidders to acquire a logistics center in the port of Osaka, Japan for ¥...

Long-term transformation in public markets: ValueAct

On May 12th ValueAct Partner, CEO, and Chief Investment Officer G. Mason Morfit appeared at the ASK Global Conference 2021 hosted by The Korea Econo...

Hilton Seoul likely to be transformed into office

Millennium Hilton Seoul, the venue of South Korea's 1997 negotiations to secure a $58 billion rescue package from the International Monetary Fund, w...

Kakao Japan secures over $500 mn from Anchor Equity; valuation tops $7 bn

Kakao Corp.’s Japanese unit is set to secure 600 billion won ($530 million) from South Korea-based private equity firm Anchor Equity Partners....

Downtown Seoul office building prices rise to record high

Office building prices in downtown Seoul set a fresh record high this month, with the highest price of one pyeong, or 3.3 square meters, surpassing ...

Ad tech firm Moloco joins unicorn club via Series C round

Moloco Inc., a data-driven advertising solutions firm, has concluded its Series C funding round, rendering the company a newcomer to the unicorn clu...