SK D&D relaunches renewable energy business spin-off as SK Eternix

SK D&D Co., a real estate unit of South Korea’s SK Group, said on Monday it has completed the planned spin-off of its renewable energy bus...

Kumho Tire forges tech licensing agreement with Saudi's Blatco

Kumho Tire Co. announced on Monday that it signed a technology export contract with Saudi Arabia's Black Arrow Tire Co. (Blatco).Under the deal, Kum...

IMM PE sells $135 mn Woori Financial shares in block deal

IMM Private Equity has sold 180.5 billion won ($135 million) worth of shares in South Korea’s Woori Financial Group in a block deal, reaping 4...

IGIS Asset Management's controlling stake put on sale

South Korea’s IGIS Asset Management Co., one of the largest real estate firms in Asia, has put the company’s 25% stake plus control prem...

Wanted Lab, Digital Hearts to support S.Korean, Japanese startups

South Korea’s human resources (HR) management tech company Wanted Lab Inc. announced on Thursday that it has signed a memorandum of understand...

SK Enmove, UK’s Iceotope to develop coolant for SK Telecom’s data center

South Korea’s lube oil maker SK Enmove Co. has partnered with UK-based precision liquid cooling system specialist Iceotope Technologies Ltd. t...

S.Korean boiler firms expand exports

Despite a global economic slowdown, South Korea's overseas exports of boilers and water heaters increased 4.9% year over year by $478.3 million in 2...

Korea announces measures to upvalue local shares

The South Korean financial regulator announced basic guidelines under the so-called corporate value-up program on Monday, with measures to boost the...

LG Innotek establishes $108 mn win-win growth fund

South Korea's LG Innotek announced on Friday that it held the 2024 Win-win Growth Partnership Day on the previous day.LG Innotek signed the 2024 Fai...

Taihan Cable wins order for UHV power grid in Egypt

South Korea's Taihan Cable & Solution Co. announced on Thursday that it has won a project for a 500-kilovolt (kV) UHV power grid project commiss...

Korea announces 1st local firm to issue multiple voting shares

South Korea announced on Wednesday that Colosseum Corporation Inc., an artificial intelligence-powered logistics services provider, has become the f...

Studio Meta-K, Vietnam’s Synapse Studio to co-work for virtual human

South Korea’s content production startup Studio Meta-K announced on Wednesday that it signed a memorandum of understanding (MOU) with Vietna...

Hyundai Dept. Store, Siam Piwat to collaborate for K-content

South Korea’s Hyundai Department Store Co. announced on Wednesday that it signed a business agreement with Thailand’s retail giant Siam ...

India equity funds top overseas stock funds in S.Korea

India equity funds registered in South Korea have doubled their investors' wealth over the past five years, luring high-net-worth individuals lookin...

Brookfield aims to increase debt on IFC Seoul to $2 bn

Brookfield Asset Management Ltd. will increase its debt on the International Finance Center in Seoul (IFC Seoul), South Korea to up to 2.7 trillion ...

Global property market plunge hits Korean financial firms

South Korean financial service companies are seeing increased losses in global real estate amid the commercial property value plunge and concerns ar...

SK Networks looks to triple operating profit by 2026 with AI

SK Networks Co., a South Korean trading and rental company actively investing in tech firms in recent years, will step up its efforts to transform i...

HD KSOE teams up with Woodside, MOL on liquid hydrogen carrier

South Korea’s top shipbuilder HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) is gearing up to develop and operate a vessel to ...

OCI-Hanmi merger faces tougher hurdles amid family feud

Hanmi Pharmaceutical Group’s aim to merge with chemicals giant OCI Group is hitting some roadblocks amid a prolonged feud between the family o...

SK Telecom to enter Australian pet clinics market in H1

South Korea’s SK Telecom Co. announced on Tuesday that it has signed a commercial contract with ATX Medical Solutions, Australia's largest m...

Hanwha, Saudi gov't to cooperate in defense industry

Hanwha Aerospace Co. and Hanwha Systems Co. announced on Tuesday that they signed a three-party memorandum of understanding (MOU) for defense cooper...

Daewoong gets stem cell facility license in Indonesia

South Korea's Daewoong Pharmaceutical announced on Tuesday that its subsidiary Daewoong Biologics Indonesia has obtained a stem cell Lab Operational...

Samsung to release pianist Seong-Jin Cho’s 8K video

Samsung Electronics Co. announced on Thursday that it will release the worldwide famous pianist Seong-Jin Cho’s live performance video in 8K...

S.Korean investors name their 42 favorite alternative asset managers

Apollo Asset Management, Warburg Pincus and Lexington Partners are South Korean institutional investors’ most preferred private equity firm...

Doosan Enerbility faces record $15 mn in fines for improper bookkeeping

South Korea's major power plant builder Doosan Enerbility Co. faces a record-breaking fine to the tune of about 20 billion won ($15 million) over it...

One Store attracts $50 mn investment from Digital Turbine

South Korean homegrown app store One Store Co. has attracted a $50 million investment from the Nasdaq-listed US-based mobile platform company Digi...

Harim gives up HMM deal over management rights dispute

South Korea's leading poultry processor Harim Co. has walked away from a $5 billion deal to buy HMM Co., South Korea’s No. 1 ocean carrier, re...

KIC posts 11.6% return for 2023 amid tech stock boom

Sovereign wealth fund Korea Investment Corporation (KIC) posted an 11.6% return for last year, driven by strong gains on listed stocks. The state-ru...

Korean firms’ monthly net debt sales hit record high in January

South Korean investors armed with ample liquidity have rushed to buy corporate debts to enjoy high yields before rates head south later this year, l...

Samsung C&T, Hyundai E&C see higher profits in 2023 on overseas projects

Samsung C&T Corp.'s construction unit and Hyundai Engineering & Construction Co. stood out with increased profits last year on overseas proj...