SoftBank CEO Junichi Miyakawa
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Executive reshuffles
KakaoPay chief tapped as co-CEO in Kakao management shakeup
Young-joon Ryu and Min-soo Yeo, slated as Kakao Corp. co-CEOs come March Korea’s largest mobile messenger provider Kakao Corp. is slated ...
Nov 26, 2021 (Gmt+09:00)
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Tech, Media & Telecom
LG Electronics names strategy chief as new CEO
South Korea's LG Electronics Inc. on Thursday appointed its strategy chief Cho Joo-wan as the company's new chief executive officer, in a major resh...
Nov 26, 2021 (Gmt+09:00)
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Business & Politics
Samsung likely to announce US foundry investment plan this week
Samsung Electronics Co. is expected to announce an investment plan for its second US-based semiconductor foundry plant this week. As the South Kor...
Nov 22, 2021 (Gmt+09:00)
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Business & Politics
Jay Y. Lee meets Verizon CEO and Moderna co-founder
Samsung Electronics Co. Vice Chairman Jay Y. Lee has met with biopharmaceutical conglomerate Moderna’s co-founder and telecommunications g...
Nov 18, 2021 (Gmt+09:00)
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Tech, Media & Telecom
Millennial tapped to head online giant Naver
Naver Corp. has chosen Choi Soo-yeon, 40, to lead the top online platform in South Korea, in the 22-year-old company's most dramatic top management ...
Nov 17, 2021 (Gmt+09:00)
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Mergers & Acquisitions
MBK sells Japan golf club to SoftBank's Fortress for $3.5 bn
MBK Partners has sold Japan's largest golf course operator Accordia Next Golf to SoftBank's Fortress Investment Group for 400 billion yen ($3.5 bill...
Nov 16, 2021 (Gmt+09:00)
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[ASK 2021] European NPL market growth creates investment opportunities
Global asset managers will see great opportunities in the European non-performing loan market amid challenges facing the EU banking industry, such...
Nov 08, 2021 (Gmt+09:00)
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Automobiles
Hyundai mulls reentry into Japan with EVs, FCEVs
Hyundai Motor Co. is considering a return to Japan with electric vehicles and fuel cell electric vehicles after South Korea’s top carmaker r...
Nov 08, 2021 (Gmt+09:00)
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ASK 2021
KIC to raise alternative investments to 25% by 2027
Korea Investment Corp. (KIC) plans to increase alternative investments to a quarter of its portfolio by 2027 from the current 16%, its CEO Jin Seoun...
Oct 27, 2021 (Gmt+09:00)
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Metaverse
Masayoshi Son to bet $170 mn on Naver metaverse platform
Softbank Group founder Masayoshi Son is slated to bet $170 million on Naver Corp.’s metaverse platform. The investment is expected to help Nav...
Oct 24, 2021 (Gmt+09:00)
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M&As
Edison CEO aspires to be Korea’s Elon Musk with Ssangyong takeover
Kang Young-kwon, chairman and chief executive of South Korea’s Edison Motors Co., was virtually unheard of in the country’s automobile i...
Oct 22, 2021 (Gmt+09:00)
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Battery materials
Enchem: A Samsung hive-off that turns into an electrolyte giant
When Cheil Industries, a former chemical unit of South Korea’s largest conglomerate Samsung Group, decided to hive off a business unit that ma...
Oct 15, 2021 (Gmt+09:00)
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Private equity
Joe Bae to co-lead KKR as 2nd Korean-descendent CEO of a PE giant
Joseph Bae, co-president of KKR & Co., was named as its co-chief executive officer this week, becoming the second Korean descendent CEO to lead ...
Oct 13, 2021 (Gmt+09:00)
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Future mobility
Hyundai-led autonomous industry association to launch in October
South Korea’s leading mobility company Hyundai Mobis Co. will be heading the country’s new industry association of autonomous driving ma...
Oct 12, 2021 (Gmt+09:00)
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Korean startups
SoftBank-backed Riiid acquires Langoo, eyes Japan's edtech market
South Korea-based artificial intelligence startup Riiid is looking to boost its presence in Japan following the acquisition of its Japan-based distr...
Oct 08, 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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Entertainment
Naver bets on SoftBank's e-book company to reclaim lead in Japan
South Korea’s major portal operator Naver Corp. is looking to firm up its partnership with SoftBank Group Corp. and increase its presence in J...
Oct 05, 2021 (Gmt+09:00)
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Hydrogen economy
Korea Zinc expands from smelter to hydrogen, battery materials maker
Korea Zinc Co., the world’s largest lead and zinc smelter, plans to add a couple of new sectors to the list of its new growth drivers: green h...
Sep 27, 2021 (Gmt+09:00)
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E-commerce
SoftBank sells part of Coupang shares for $1.7 bn
Vision Fund, led by SoftBank Group founder Masayoshi Son, has sold one-tenth of its shares in South Korea's e-commerce platform Coupang Inc. for $1....
Sep 17, 2021 (Gmt+09:00)
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Batteries
SK Innovation shareholders approve battery split-off; 2022 IPO unlikely
Shareholders of South Korea’s SK Innovation Co. on Thursday approved the company's plan to separate its battery business into a new entity.Und...
Sep 16, 2021 (Gmt+09:00)
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Mergers & Acquisitions
KT, Daishin PE acquire 100% stake in global data firm Epsilon
South Korea’s major telecom company KT Corp. is expanding investments in future growth areas outside the traditional mobile sector. KT said on...
Sep 09, 2021 (Gmt+09:00)
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Korean startups
Laundrygo raises over $40 mn from SoftBank Ventures, Altos Ventures
South Korea’s first contactless laundry service startup Laundrygo has raised 50 billion won ($43 million) in a follow-on investment from inves...
Sep 08, 2021 (Gmt+09:00)
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Aerospace & Defense
Software giant Hancom joins space race with satellite launch
South Korean software and ICT conglomerate Hancom Group will be the first private company in the country to launch a micro-satellite, or a satellite...
Sep 02, 2021 (Gmt+09:00)
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Tech, Media & Telecom
SEWORKS CEO: Black hat hacker-turned-security consultant
SILICON VALLEY -- In a digital world where data theft is growing rapidly, hackers who turn their lives around to help in the fight against cybercrim...
Aug 30, 2021 (Gmt+09:00)
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Chief Executives
Father of Krafton's PUBG eyes the expansion of games
In September 2020, Krafton Inc.’s blockbuster game PlayerUnknown’s Battlegrounds (PUBG) hit a major roadblock. India prohibited Chinese ...
Aug 24, 2021 (Gmt+09:00)
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Korean games
Battlegrounds Mobile India clocks 50 million downloads
Battlegrounds Mobile India (BGMI) has clocked 50 million downloads on Google Play in about 1-1/2 months after the game’s launch, its deve...
Aug 18, 2021 (Gmt+09:00)
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SK Hynix to set up US NAND firm led by Intel’s senior vice president
SK Hynix that took over Intel Corp.’s NAND memory chip business plans to set up a new company in the United States. Intel’s senior vice ...
Aug 06, 2021 (Gmt+09:00)
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Travel & Leisure
Yanolja CIO says its AI vision played key role in SoftBank investment
Korean travel startup Yanolja’s Chief Investment Officer said that artificial intelligence (AI) was the keyword that played a decisive role in...
Aug 05, 2021 (Gmt+09:00)
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Korean startups
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...
Aug 05, 2021 (Gmt+09:00)
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Korean startups
Ex-TMON CEO launches e-commerce startup; raises over $17 mn in seed round
South Korea-based e-commerce startup RXC has secured around 20 billion won ($17.5 million) in a seed round -- an impressive and rare amount consider...
Jul 19, 2021 (Gmt+09:00)
Latest News
- 1 S.Korea eases path for foreign REITs in senior housing push
- 2 Koramco targets $7 bn bets on Korea data centers
- 3 Lotte Chemical, HD Hyundai seek big deal via merger of naphtha cracking facilities
- 4 South Korea accelerates stablecoin framework in global race
- 5 Lee vows policy overhaul to spur dividend payouts