Hyundai Motor Group, Seoul Univ. to jointly develop battery

Hyundai Motor Group opened a joint battery research center at Seoul National University, marking its full-fledged foray into next-generation battery...

S.Korea to form $6.2 bn corporate venture capital fund pool by 2025

The South Korean government and the private sector will jointly create a corporate venture capital (CVC) fund pool worth more than 8 trillion won ($...

KT invests over $11 mn in AI software company Moreh

South Korea's KT Corp. will invest 15 billion won ($11.6 million) in Moreh, a Seoul-based artificial intelligence (AI) infrastructure software compa...

S.Korea's BC Card to enter Kyrgyz payment market

South Korea's BC Card will make a full-fledged entry into the Central Asian payment market by establishing a card payment joint venture in Kyrgyzsta...

Korea's IMM to invest $23 mn in battery parts supplier Choil Aluminum

South Korean private credit firm IMM Credit & Solutions Inc. will invest 30 billion won ($23.4 million) in Choil Aluminum Co., an EV battery com...

S.Korea proposes extended tax breaks for reshoring companies

The South Korean government and the ruling party proposed longer-term tax cuts for companies that bring production back home to reinvigorate the cou...

SK Networks to acquire data management company en-core

SK Networks Co., a South Korean trading company, will acquire en-core, a data solutions and consulting firm. The strategy is aimed at strengthening ...

Bain Capital in talks to buy Korean aesthetic device maker Ilooda

Ilooda, a South Korean medical aesthetic devices maker valued at around 200 billion won ($158 million), is likely to sell its management rights to U...

KKR leads $190 mn Series C funding of fashion platform Musinsa

South Korea’s leading fashion platform Musinsa said on Wednesday it has attracted 240 billion won ($189.7 million) in its Series C funding rou...

Mirae Asset’s global ETFs exceed $100 bn in net asset value

Mirae Asset Global Investments Co., South Korea’s leading asset manager, said on Tuesday its exchange-traded funds (ETFs) worldwide have surpa...

E1 to invest $75 mn in Canadian blue ammonia project

South Korea’s major liquefied petroleum gas (LPG) distributor E1 Corp. said on Tuesday its plans of investing 10 million Canadian dollars (US ...

LG Energy Solution to expands BaaS with Mintech

South Korea's LG Energy Solution Ltd. partners with Mintech Co., a battery diagnostic solution provider, to expand its Battery-as-a-Service (BaaS) b...

Lotte Materials invests in French silicon cathode materials startup

Lotte Energy Materials Corp., formerly Iljin Materials and now a copper foil manufacturing subsidiary of South Korea's Lotte Chemical Corp., on Sund...

Korea Investment 1st Korean broker to sell samurai bonds

Korea Investment & Securities Co. on Friday became the first South Korean brokerage company to sell samurai bonds, raising 20 billion yen ($145 ...

KakaoPay launches discount promotion in Japan

South Korea’s Kakao Pay Corp. announced on Friday that it has prepared a large-scale discount promotion in collaboration with PayPay, the top ...

LG Electronics aims to transform into platform-based tech firm by 2030

When LG Electronics Inc. made a surprise move to ungracefully exit the mobile phone business, one of its mainstay businesses, two years ago, investo...

Samsung C&T invests $7.5 mn in Canadian low-carbon concrete firm

South Korea's Samsung C&T Corp. announced on Wednesday that it has decided to invest $7.5 million (9.8 billion won) in CarbonCure Technologies I...

SK Telecom, Hana Financial Group jointly nurture AI startups

SK Telecom Co. and Hana Financial Group are strengthening their collaboration in the field of artificial intelligence (AI). They are jointly fosteri...

SM Entertainment founder invests in Chinese drone maker

Lee Soo-man, founder and former executive producer of South Korea's SM Entertainment Co., has reportedly made a huge investment in the Chinese self-...

Hanwha Solutions, SK D&D team up for hydrogen fuel cell, solar power

South Korea's Hanwha Solutions Corp. and SK D&D have signed a strategic memorandum of understanding (MOU) to jointly pursue hydrogen fuel cell...

SK Hynix eyes wastewater facilities sale for $770 mn

SK Hynix Inc. is in talks with its affiliate SK REIT Co. to sell the wastewater treatment facilities within its semiconductor campus in Icheon, Gyeo...

GS E&C loses $230 mn market capitalization in one day

GS Engineering & Construction Co.'s stock price plummeted on Thursday in the aftermath of the underground parking lot collapse. Following the Mi...

Singapore's CDL buys Nine Tree hotel in Seoul for $107 mn

Singapore-based major real estate firm City Developments Ltd. (CDL) has bought Nine Tree Premier Hotel Myeongdong II from South Korea’s Shinha...

Hanwha Ocean mulls large investments in warship facilities

Hanwha Ocean Co., the world’s fourth-largest shipbuilder, is considering large investments in new facilities to manufacture warships as the co...

Naver D2SF invests in AI data generation startup

South Korea's top online platform Naver Corp. has invested in a startup with an artificial intelligence-generation solution that lowers the risk of ...

Samsung faces scrutiny under new EU digital market rules

Samsung Electronics Co. is facing scrutiny by the European Union over its leading position in the internet browser market under the Digital Markets ...

Lunit participates in Saudi's SEHA Virtual Hospital project

South Korean medical AI company Lunit announced on Wednesday that it will participate in the "SEHA Virtual Hospital" project, a key initiative of Sa...

FDI pledges to S.Korea set fresh record in H1 2023

Foreign direct investment pledges to South Korea from January to June of this year soared 54.2% on-year, hitting a record high for the first-half pe...

SKC to invest $3.8 bn in secondary battery materials by 2025

South Korea's chemical material maker SKC will invest over 5 trillion won ($3.8 billion) in three sectors -- secondary batteries, semiconductors and...

SK C&C to release Kospi-focused AI investment strategy service

SK C&C, an information and communications technology affiliate of South Korea’s SK Group, will create an artificial intelligence (AI) inve...