Korea’s Nuri: Mission unaccomplished, but one step closer to space

South Korea has launched its first domestically designed and developed space rocket Nuri, but failed to put a satellite into orbit, thwarting its bid ...

EQT to open Seoul office by yr-end to source Korean deals

EQT Partners will be opening its Seoul office this year for the first time, as the Swedish private equity firm is preparing to source deals in South...

Samsung SDI, Stellantis to build billion-dollar battery JV in US

Samsung SDI Co. has partnered with Dutch-domiciled multinational automaker Stellantis N.V. to build a multi-billion-dollar battery facility in the U...

KIC says to boost VC deals to lift long-term returns

The Korea Investment Corporation (KIC) will step up venture capital investments in North America to lift its long-term returns, the sovereign wealth...

Tesco ordered to return $160 mn to MBK over Homeplus deal

Tesco Plc, the UK's largest retailer, was recently ordered by an international arbitration court to return £119 million ($163 million) to MBK ...

Ssangyong Motor struggles to find new owner

Ssangyong Motor Co., the troubled South Korean sport utility vehicle manufacturer, is struggling to find a new owner amid doubts as to whether the e...

Kumho Asiana assures 30-year profits to Gate Gourmet in catering deal

Kumho Asiana Group’s management assured net profits for 30 years to Gate Gourmet when the South Korean conglomerate signed a deal for Asiana A...

LS Cable wins $168 mn submarine cable deal from Taiwan

LS Cable & System Ltd., South Korea’s top wire and cable producer, won a $168 million submarine cable supply deal from Taiwan, reinforcing...

SK E&S' $2 bn share deal draws slew of funding providers

KKR & Co. and three other private equity firms, shortlisted for SK E&S Co.'s new preferred shares worth 2 trillion won ($1.7 billion), are n...

Next K-wave in Asia: Convenience stores

When South Korean major convenience store chain CU opened its first branch in Malaysia on April 1, there was a queue of more than 100 meters to get ...

Hanjin Heavy wins $270 mn container ship order, first deal in 6 years

Hanjin Heavy Industries & Construction Co. said on Tuesday it has won a $270 million deal to build four 5,500 TEU container ships for a European...

Korea Inc emerges as big buyer in global M&A market

South Korean companies are emerging as big buyers in the global mergers and acquisitions (M&A) markets. They are actively looking for future gro...

Private equity exits tipped to lead S.Korea's Q4 M&A market

South Korea's M&A market, which has enjoyed record levels of activity so far this year, is expected to remain buoyant for the remainder of the y...

Delayed EU approval puts Hyundai-Daewoo shipbuilding deal at risk

The deal to combine the world's largest shipbuilder Hyundai Heavy Industries Co. with second-ranked Daewoo Shipbuilding & Marine Engineering Co....

Behind the scenes of DL Chemical’s unexpected $2.5 bn Kraton purchase

When DL Chemical Co. announced its $2.5 billion acquisition of US chemical manufacturer Kraton Corp. on Monday, it left many people bewildered.The a...

Samsung to install 51,000 air purifiers to help Australians return to school

Samsung Electronics Co. will help the students in the Australian state of Victoria in making safe returns to the classroom in a post-COVID environme...

Korea’s top cryptocurrency exchange operator becomes decacorn

Dunamu Inc., the operator of South Korea’s top cryptocurrency exchange Upbit, became a decacorn, a company valued at over $10 billion.Dunamu h...

NPS, Hines ink $2.5 bn US redevelopment project

South Korea's National Pension Service (NPS) and Hines have jointly acquired the headquarters complex of Pacific Gas & Electric Company (PG&...

Samsung C&T, S-Oil in hydrogen transport partnership

Samsung C&T Corp., the construction and trading arm of Samsung Group, has tentatively agreed with S-Oil Corp. to cooperate in securing overseas ...

Korean EV startup makes highest bid for Ssangyong Motor

South Korea's electric vehicle and battery startup EL B&T has offered the highest price of around 500 billion won ($430 million) for debt-laden ...

JW Bioscience in pancreatic cancer biomarker deal with Immunovia

JW Bioscience Co., a subsidiary of South Korea’s JW Life Science Co., has signed a non-exclusive agreement to transfer its patented technology...

IB firms enter tough race for SSG.COM IPO underwriting deal

The race to become the lead underwriter for the IPO of Shinsegae Group’s e-commerce brand SSG.COM is getting fierce. A total of nine instituti...

LG Chem, ADM to build JV in US to produce bioplastics made from corn

South Korea’s LG Chem Ltd. said on Tuesday it is jointly building a corn-based bioplastic plant in the US with Archer Daniels Midland Co., a g...

Tech crackdown bites Korea Inc.

Investors are selling technology stocks in a major Asian economy on regulatory worries just as one of the country’s biggest online payment com...

EcoPro BM’s magic to hit $9 bn jackpot after 10-year dark ages

South Korea’s battery materials maker EcoPro BM Co. won a near $9 billion order from SK Innovation Co., an unusually large contract for a medi...

Medytox’s US business outlook dim as contract with AbbVie ends

South Korea’s pharmaceutical company Medytox Inc. has ended a botulinum toxin-related technology transfer contract with AbbVie, clouding its b...

Taihan Cable lands $36 mn US infrastructure deal ahead of LA Olympics

South Korea’s oldest electric wire maker Taihan Cable & Solution Co., formerly known as Taihan Electric Wire Co. until under IMM PE’...

Apple Likely Has More App Store Deals to Make

As Apple Inc. works to negotiate its way out of its App Store troubles, one thing is becoming increasingly clear: the technology titan mig...

Strategic buyers line up for IMM-led $1.3 bn Hanssem deal

LX Hausys Ltd., South Korea's leading building materials maker, on Monday announced a plan to join Seoul-based IMM Private Equity in acquiring a con...

SK Ecoplant to sell plant building business before IPO

SK Ecoplant Co., formerly known as SK Engineering & Construction Co., is in advanced stages of talks with a consortium of South Korea-based IUM ...