Korean banks enter digital asset custody market in quick succession
Woori Financial Group has become South Korea’s third major banking group to enter the digital asset custody service (DACS) market, following K...
Delta coronavirus variant hits global stock markets
Global stock markets lost ground on mounting fears over the spread of the Delta coronavirus variant. Record-breaking US shares riding on the hopes...
Fed’s Powell, BOK chief to meet during G20 gathering
Federal Reserve Chair Jerome Powell and Bank of Korea (BOK) Governor Lee Ju-yeol will meet during a Group of 20 (G20) gathering of finance ministe...
Indonesia's HappyFresh draws half of new funding from Korea
Indonesia's online grocery platform HappyFresh will receive another $33 million from South Korean investors, including the Asian startup fund of Nav...
Market Kurly makes U-turn to Korea Exchange IPO
Kurly Inc., the operator of South Korea's online grocery delivery service Market Kurly, has canceled a US listing plan to resume its domestic IPO pr...
Samsung’s LED business makes big global rebound
Samsung Electronics Co.’s light-emitting diode (LED) business, which was almost on the verge of a shutdown due to its sluggish performance, is...
POSCO Chemical to bolster EV presence with 60,000-ton cathode plant
POSCO Chemical Co. will invest 600 billion won ($523 million) from 2022 to build a cathode materials plant in Pohang city with an annual capacity of...
Spatial audio becomes keystone for metaverse; attracts content giants
Content giants are becoming increasingly interested in spatial audio technology, a keystone for the metaverse experience as it offers a 360-degree...
Grocery delivery platform Oasis valuation tops $650 mn; eyes US expansion
South Korea-based grocery delivery platform Oasis Corp., referred to as Oasis Market, has attracted 50 billion won ($44 million) from global private...
Leeno Industrial hits 52-week high, eyes top 10 on Kosdaq
The stock price of South Korea’s Kosdaq-listed electronic testing components maker Leeno Industrial Inc., previously a small company whose mar...
Samsung, Hanwha Q Cells to offer IoT home energy solutions in US, EU
Samsung Electronics Co. and South Korea’s leading solar panel maker Hanwha Q Cells Co. have joined hands to provide smart home energy solution...
LG CNS to launch Korea’s first drive-through micro-fulfillment center
Micro-fulfillment is on everyone’s lips these days, or so it seems, as retailers compete to drastically slash delivery times for online orders...
Fleet of Hyundai XCIENT hydrogen truck exceeds 1 million km benchmark
Hyundai Motor Co.’s fleet of fuel cell truck XCIENT has surpassed the benchmark one million kilometers of driving in 11 months of service in S...
KIC aims to boost alternatives to 25% by 2027
The Korea Investment Corporation (KIC) will gradually increase alternative investments such as venture capital, private equity and debt, and infrast...
Online players head S.Korea's biggest month for IPOs
South Korea's initial public offering market in July is expected to see its largest-ever amount of share issues for a single month, worth over 8 tri...
Korean corporate bonds suffer from cooling investor sentiment
South Korean corporate bond markets are set to suffer from shrinking liquidity as institutional investors are turning cautious and refraining from m...
Coway keeps No.1 spot in Malaysia’s water purifier market for 10 years
South Korea’s home appliance rental service provider Coway Co. has maintained the top position in Malaysia’s water purifier rental marke...
LG launches QNED TV to rival Samsung in premium TV market
LG Electronics Inc. has launched new flashy flagship TV models, with which the South Korean home electronics giant aims to compete with its bigger r...
Atlas Labs makes it easy to transcribe phone calls via AI technology
South Korean startup Atlas Labs is making it easier for people to keep track of their phone conversations via Switch, an app that uses artificial in...
Impressivo to bridge fitness and healthcare industry via sensing technology
San Francisco-based startup Impressivo is seeking partnerships in the fitness and healthcare sector as the company aims to bridge the fitness and he...
Why Google is getting heat from game companies on recent commission cuts
Global IT giant Google is facing strong backlash from South Korean game companies angry with having to pay a 30% commission on in-app purchases whil...
Samsung Life eyes CPPIB-style stake purchases in GPs
Samsung Life Insurance Co. has drawn attention from South Korean pension and savings funds with its $90 million purchase last month of a stake in Sa...
Bain report renews debate on alternative trading system in Korea
With South Korea’s stock markets maintaining bullish momentum this year, debate about setting up an alternative trading system (ATS) in the co...
Korea’s M&A market heats up with record deals in first half
South Korea’s merger and acquisition market is heating up as both big conglomerates and promising startups seek to buy out businesses with gro...
KT&G expands global foothold with 4,700 e-cigarette IP rights
The world’s fifth-largest tobacco maker KT&G Corporation is rapidly widening the global reach of its e-cigarette products, which have beco...
Korea’s leading e-book startups eye IPO in 2022
South Korea’s leading e-book platforms are targeting to go public next year. The country’s subscription-based e-book service provider Mi...
Korea’s super-rich: How their wealth ballooned during the pandemic
In South Korea, just like any other major economies, the stock market has been a mine of gold even for small investors, who enjoyed hefty gains from...
Cigna seeks to enter Korea's digital non-life insurance market
The US insurance group Cigna looks set to become the first foreign insurer on South Korea's digital non-life insurance platform, with an aim to crac...
Art auction sales in Korea soar to highest point since 2008 financial crisis
South Korea’s art market is facing the biggest boom since the global financial crisis, drawing wealthy investors and art enthusiasts alike. Se...
Toss en route to being Korea’s first fintech decacorn; valuation tops $7 bn
South Korea-based mobile financial platform Toss is en route to becoming the country's first fintech decacorn, or a company valued at over $10 billi...
