Shinhan, POSCO invest $20 mn in Australian hydrogen startup Hysata

South Korean steel giant POSCO Holdings Inc. and banking conglomerate Shinhan Financial Group have invested a combined US$20 million in Australian g...

DeepX attracts $80 mn new investment

DeepX, South Korea's homegrown neural network and AI chip developer, announced on Friday that it finalized attracting an investment of 110 billion w...

Korea: Underrated as seat of commercial arbitration

South Korean companies prefer seats of arbitration in other countries over domestic ones to resolve disputes even for the cases that could be settle...

Chinese group tours to Korea poised for strong revival

Chinese group tours to South Korea are showing signs of a rebound, about 10 months since Beijing lifted its bans on Chinese group tours to Seoul las...

VC firm DSC Investment forms Korea's largest secondary fund

South Korean asset manager DSC Investment has formed the country’s largest-ever fund for venture capital secondaries to explore opportunities ...

Near-zero interest rate deposits swell at Korean banks

Demand and short-term deposits at South Korea’s top five banks have expanded 5% to 657 trillion won ($480 billion) in the first quarter of thi...

SK Hynix to sell 50% stake in Wuxi foundry unit to Chinese firm

SK Hynix Inc. will sell nearly a half stake in its foundry unit in China to a Chinese state-run enterprise for $349.3 million in a bid to expand its...

SoftBank to buy part of Naver's Line stake by July: CEO Miyakawa

TOKYO – SoftBank Corp., which runs LY Corp., the operator of the popular mobile messenger app Line in Japan, said on Thursday it is in talks w...

SK Telecom eyes tangible results from AI business in 2024

South Korea’s No. 1 mobile carrier SK Telecom Co. is set to accelerate investments in artificial intelligence to bring more tangible outcomes ...

Native Korean fast-fashion brands poised to snatch market

South Korea’s homegrown fast-fashion brands are expected to continue making big strides at home as cost-conscious consumers shifted toward mor...

Naver D2SF invests in image generation AI startup

South Korea's top online portal Naver Corp. announced on Wednesday that its startup nurturing organization D2SF (D2 Startup Factory) invested in the...

Korea Investment sees record quarterly net profit

Korea Investment & Securities Co. enjoyed a record quarterly net profit on the course to become the country's most profitable brokerage house ...

Samsung Medison buys AI medical startup Sonio

South Korea’s Samsung Medison, a medical equipment subsidiary of the global memory chipmaker Samsung Electronics Co., is taking over France&rs...

Coupang to keep investing against Chinese players despite loss

Coupang Inc., South Korea’s No. 1 e-commerce platform facing fierce competition from Chinese rivals, dipped into the red in the first quarter,...

Startups bet on affluent Gen X in Korea’s senior living market

Elder-care startups are rushing to build high-end senior homes in South Korea targeting affluent Generation Xers set to retire in five years on expe...

Hasty overseas expansion hurts Korean entertainment sector

South Korea’s entertainment and content industries suffered from hasty expansions with investments of billions of dollars in the global market...

UAE to invest up to $1 bn in S.Korean ventures

The United Arab Emirates is set to invest a maximum of $1 billion in South Korean startups via a joint venture, as a part of its mid- to long-term p...

S.Korea’s largest startup fair NextRise to be held in June

The Korea International Trade Association announced on Tuesday that the largest domestic startup fair in South Korea, NextRise 2024 Seoul," will be ...

HMM gets Platinum ESG rating from EcoVadis

HMM Co., South Korea’s flagship sea carrier, announced on Tuesday that it achieved the Platinum rating from EcoVadis, a global environmental, ...

S.Korean anti-obesity drugmakers eye niche demand

The global weight management market has entered a new chapter following the arrival of blockbuster weight-loss medication Wegovy, and South Korean l...

Samsung Life Science invests in US biotech firm Latus Bio

Samsung Life Science Fund, managed by Samsung Group’s venture investment arm, has invested in US biotechnology firm Latus Bio Inc. during the ...

Woori Financial acquires Korea Foss Securities to offer brokerage services

Woori Financial Group Inc., South Korea’s fourth-largest financial services group, has acquired Korea Foss Securities Co., paving the way for ...

Osstem to buy Brazil’s No. 3 dental implant maker Implacil

South Korea’s Osstem Implant Co., the world’s fourth-largest dental implant maker, is slated to acquire Brazilian peer Implacil De Borto...

Hyundai to invest $923 million on self-driving JV Motional

Hyundai Motor Group, the world’s third-largest automaker, is set to spend nearly $1 billion on Motional, its loss-making self-driving joint ve...

S.Korea’s Lotte Card injects $68 mn into Vietnamese unit

Lotte Card Co., South Korea’s No. 5 credit card issuer, has injected $68 million into its Vietnamese unit to expand its business in the Southe...

Korean brokerages' foreign profits up on IB, bond trading

South Korean brokerage firms expanded their net profits from overseas operations last year, backed by increased gains from their investment banking ...

SK Geo reconsiders extent of $1.3 bn plastic recycling plant project

South Korea’s SK Geo Centric Co. is reconsidering how much it will invest in a planned $1.3 billion waste plastic recycling complex project in...

Taeyoung E&C kickstarts debt workout with loan sale to IGIS

Creditors to Taeyoung Engineering & Construction Co. (Taeyoung E&C) gave the go-ahead to a debt workout program for the cash-strapped South ...

Overseas projects boost Korean builders’ earnings; GS profit cut in half

Large-scale overseas construction projects boosted major Korean builders’ quarterly results while lackluster domestic construction work, coupl...

US multifamily market challenges create investment opportunities

There is potential distress in the U.S. multifamily housing sector today.  we believe there is a window of opportunity over the next 12-18 mont...