SK Group’s 'financial story' running out of steam?

South Korean private equity firms that plan to inject a total of 1.2 trillion won ($1 billion) into SK Ecoplant Co. are having a hard time raising t...

LG CNS launches virtual factory and lab business

LG CNS announced Thursday it will launch a new business of developing virtual factories and labs as part of its broader digital transformation offer...

LG Group to invest $119 million into 300 startups through 2025

LG Group announced Thursday it will invest 150 billion won ($119 million) into 300 startups through 2025.The conglomerate hosted Superstart Brand ...

Private markets embrace wider swath of economy: Partners Group CEO

Private equity is regarded as an alternative asset class while shares of listed companies are known as traditional assets. This classification may n...

F&B giant SPC Group acquires Lina’s to ramp up global expansion

South Korea’s food and beverage conglomerate SPC Group announced Tuesday it has acquired French casual coffee chain Lina’s Déve...

Hana Financial scores big with Son Heung-min sports marketing

South Korea’s national soccer team, led by captain Son Heung-min, lost to Brazil 1-5 in a pre-World Cup friendly on Thursday, much to 65,000 K...

Why Samsung didn't join race for S.Korea's air taxi project

Samsung, a name seen everywhere in South Korea from apartment complexes to home appliances, is missing on the list of bidders for the country’...

Hyundai Motor Group to launch $80 mn startup fund

Hyundai Motor Group and the group’s social contribution foundation will create a domestic startup fund to invest a total of 100 billion won ($...

CJ to beef up content, K-food sector with $9.7 billion investment

South Korea’s CJ Group, which operates the country’s largest food and beverage company CJ Cheiljedang Corp. and entertainment giant CJ E...

Samsung Eng. wins plant design deal from Texas LNG

South Korea’s Samsung Engineering Co. has won a deal to design a liquefied natural gas plant in Texas, taking a step forward to secure a turnk...

POSCO Group looks to treble corporate value by 2030

South Korea’s POSCO Group will invest 53 trillion won ($42 billion) by 2026 primarily in its steel, rechargeable battery materials and hydroge...

SK becomes first group to disclose monetized social value

SK Group, South Korea’s third-largest conglomerate, created 18.4 trillion won ($14.5 billion) in social value in 2021, up 60% from the year pr...

Hyundai Card shelves IPO after Fubon buys 20% stake

South Korea’s Hyundai Card Co. has shelved a plan to go public after Taiwan’s Fubon Financial Holding Co. completed the purchase of its ...

POSCO to deploy more industrial robots at workplaces

POSCO Group, which owns South Korea’s largest steelmaker, plans to deploy more industrial robots at its factories to improve productivity and ...

Why GS Group keeps debt-ridden, cash-guzzling affiliate afloat

GS Group, a South Korean energy-to-retail conglomerate, has an unlisted affiliate that the group largely keeps out of the public eye but is occasion...

Hyundai Glovis forms Thailand JV to expand SE Asia biz

South Korea’s Hyundai Glovis Co. set up a logistics joint venture in Thailand to expand its business in Southeast Asia.The logistics unit of S...

KG-led consortium named preferred buyer of Ssangyong Motor

A consortium led by chemicals-to-steel conglomerate KG Group has been named the preferred buyer of South Korea’s troubled sport utility vehicl...

Samsung SDS takes smart logistics platform Cello Square to China

Samsung SDS Co., the information technology service unit of Samsung Group, is taking its smart logistics platform, Cello Square, to China to offer l...

Shinhan to boost Vietnam digital services with Tiki

South Korea's Shinhan Financial Group has picked Vietnam’s e-commerce startup Tiki as its first strategic partner in the Southeast Asian count...

LS Group revs up to enter EV charging business

South Korean conglomerate LS Group is eyeing the growing electric vehicle industry and the markets derived from it. The group announced the lau...

Hyundai's self-sailing ship set for maiden cross-Pacific voyage

A liquefied natural gas (LNG) carrier with autonomous sailing systems will embark on an ocean voyage next month to become the world's first large au...

SK beats Hyundai Motor to become S.Korea’s No.2 conglomerate 

SK Group, which has SK Inc. as its holding company, is now South Korea’s second-largest conglomerate by asset size – replacing automotiv...

LX International’s value soars on cryptocurrency, GAM mine in Indonesia

LX International Corp., the trading unit of South Korea’s LX Group, has seen its enterprise value rise by two-thirds over the past three month...

Korea’s LX Group seeks to acquire Magnachip Semiconductor

South Korea’s LX Group is looking to acquire US-listed Magnachip Semiconductor Corp. to create synergy with the group’s foundry affiliat...

Carlyle visits Hyundai Glovis seeking measures to boost value

The Carlyle Group, a US private equity giant, visited South Korea’s Hyundai Glovis Co. last week to discuss steps to boost the value of the Hy...

Kakao Games invests $15 mn in Playable Worlds for global expansion

Kakao Games Corp., a game publishing unit of Korea’s web service giant Kakao Corp., has invested $15 million in US game studio Playable Worlds...

CJ integrates AI infrastructure and data to launch CJ AI center

CJ Corp. launched an artificial intelligence center Wednesday, which it hopes will lead the conglomerate's digital innovation. The new CJ AI Cente...

Samsung Elec's ex-M&A head to extend clout in Samsung Group

Ahn Joonghyun, who led Samsung Electronics Co.'s high-profile M&A deals for nearly nine years, was promoted to a president-level position to hea...

One Store refiles IPO application, changing peer group list

One Store Co., investment firm SK Square Co.'s homegrown app store, is gearing up for an initial public offering to be held in May. The local app st...

LG Energy-led group to set up $9 bn Indonesia battery value chain

A consortium led by LG Energy Solution Ltd., the global No. 2 electric vehicle battery maker, will invest $9 billion in a battery value chain in Ind...