Korean firms eye alternative assets for safer investments, survey finds
South Korean corporates are increasingly eyeing alternative assets seeking downside protection amid interest rate hikes and equity and bond price dr...
NPS sees 14 investment managers resign by end-June
National Pension Service (NPS) of South Korea sees as many as 14 professionals of its investment management arm resign by end-June of this year, acc...
Korean retirement funds, mutual aids struggle with profitability
Some major retirement funds in South Korea are raising interest rates on their members’ savings accounts in line with global central banks&rsq...
Naver’s web browser Whale challenges global rivals
South Korea’s homegrown web browser Whale, developed by Naver Corp., is quietly increasing its presence in the domestic market, where Google C...
KT beefs up services for foreigners as travel bans ease
South Korea’s leading telecom operator KT Corp. will offer a broader range of services for foreign subscribers ahead of an expected surge in f...
KT, Swift Navigation team up for ultra-precision location service
KT Corp., a major South Korean telecommunications company, has partnered with Swift Navigation Co., a San Francisco-based technology firm, to commer...
Korean startups rely on word-of-mouth marketing for overseas penetration
Thanks to what some economists dub a borderless economy, more South Korean startups than ever before are looking beyond the peninsula. Seoul-ba...
Hyundai’s US partner Aptiv invests in self-driving startup StradVision
Aptiv PLC, one of the world’s big three autonomous driving technology companies, has agreed to invest 50 billion won ($39 million) in StradVis...
Military fund to raise payouts with interest rate increases
South Korea’s Military Mutual Aid Association (MMAA) has decided to raise the interest rates of the members’ savings products by 25 to 4...
DeepBrain AI to bring back deceased loved ones – virtually
Perhaps we will soon not be remembering our loved ones only through photos.Imagine a virtual rendition of the deceased speaking at his or her memori...
LG, Kakao Mobility to roll out autonomous delivery robot service
LG Electronics Inc. and Kakao Mobility Corp. have agreed to form a future mobility technology partnership with an aim to jointly launch an autonomou...
LG CNS launches AI robot subscription service for warehouse operators
LG CNS unveiled a cloud-based logistics robot subscription service on Tuesday, which could save warehouse operators a significant amount in upfront ...
More LPs tap ex-Samsung Life professionals as CIOs
A number of financial experts who built their careers at Samsung Life Insurance Co. are in the spotlight as more South Korean pension funds and mutu...
Ottogi launches vegan tuna on rising demand for plant-based alternatives
Veganism is one of the hottest buzzwords in the food and beverage industry this year. F&B juggernauts are racing to win the hearts and tast...
TVing partners with Paramount Plus to challenge Netflix in Korea
South Korea's over-the-top streaming platform TVing Co. has partnered with global content provider Paramount Plus to challenge top OTT player Netfli...
LG Uplus’ Uplus Drive to be installed in Lexus New Generation NX series
The in-vehicle infotainment (IVI) system by LG Uplus will be equipped in the new line of vehicles by Toyota Motor Corp. and its luxury division Lexu...
Disney+ becomes white elephant for LG Uplus
For South Korea’s wireless carrier LG Uplus, Disney+ may have become more trouble than it is worth.The country’s video-on-demand over-th...
Brokerages sit on $5.3 bn of global alternative assets to sell down
Some major securities firms in South Korea are having difficulties with overseas alternative assets they have yet to sell down. The brokerage firm...
North Korea missile tests drawing tougher response from US, South Korea
SEOUL—The U.S. and South Korea are responding to North Korea’s unprecedented number of missile tests this year with a greater show of ...
Costco enters dawn delivery service market in S.Korea
Costco Wholesale Corp, a big-box retail giant, has begun dawn delivery services in South Korea as e-commerce is becoming the norm in the nation's gr...
Kakao Mobility to launch car transport service in June
South Korea’s Kakao Mobility Corp. will begin providing drivers for door-to-door auto transport from as early as mid-June, according to tech i...
Hyundai Robotics, Vodafone to provide service robots in Germany
South Korean robotics firm Hyundai Robotics Co. announced it signed a letter of intent for a business partnership with global telecommunications gia...
NongHyup to gain toehold in southwest Asia with India branch
NongHyup Bank, a major arm of South Korea's National Agricultural Cooperative Federation, got the nod from India last week to open its first branch ...
SK transmits 5G, mobile edge computing-based TV signals
South Korea’s SK Telecom Co. has become the world’s first company to transmit television signals on the 5G and mobile edging computing (...
UK satellite firm OneWeb to provide services in Korea
UK’s satellite company OneWeb plans to provide services for airlines and ships in South Korea where its geographic conditions kept the existin...
GEPS taps Samsung Life's alternative investment head as CIO
Government Employees Pension Service (GEPS) of South Korea has named Baek Joo-hyun, former alternative investment head at Samsung Life Insurance Co....
KIC posts 8.83% return on alternative assets since inception
Korea Investment Corporation (KIC), the South Korean sovereign wealth fund, posted a 9.13% annualized return on total assets and $205 billion on a...
Alternative investment market at inflection point, says Suhyup CIO
Some major institutional investors in South Korea are set to increase alternative investments this year to hedge inflation and stabilize cash flows....
Military fund steps up premium asset investment in developed countries
The Military Mutual Aid Association (MMAA) of South Korea will focus on portfolio diversification this year while increasing investment in growth se...
Hyundai Marine sees huge potential in global data centers
Hyundai Marine & Fire Insurance Co. of South Korea is seeking investment opportunities for distressed and special situation strategies with a se...
