Hyundai’s Motional, Uber to launch self-driving food delivery service

Motional Inc., a US mobility joint venture between Hyundai Motor Co. and Aptiv PLC, has teamed up with Uber Technologies Inc. to provide an autonomo...

EQT chairman sees technology and services as attractive sectors in Korea

High price tags of target companies can be justified if you understand long-term trends of the industry and have expertise in the sectors, Conni Jon...

Hyundai to bolster in-car video services with CJ ENM

Drivers of Hyundai Motor Co. and Kia Corp. are set to enjoy their favorite original TV shows and dramas in-vehicle in near real-time, created by Sou...

S.Korea's Oct c/a surplus down 40% on oil price rises

South Korea's current account surplus in October narrowed by 40% from a year earlier, with the rapid rise in crude oil and raw material prices offse...

Kakao extends rivalry with Naver into digital healthcare

Kakao Corp., an operator of South Korea's top mobile messenger app KakaoTalk, has set its sights on the digital healthcare market, launching an in-h...

GS Retail invests $55 mn in Kakao Mobility to boost online presence

GS Retail Co. is investing 65 billion won ($55 million) in Kakao Mobility Corp., South Korea's No.1 taxi-hailing app, adding to its recent series of...

SK Square to invest $75 mn in Korea crypto exchange

South Korea’s SK Square, an investment firm spun off from SK Telecom Co., will buy a stake in a local cryptocurrency exchange to expand its po...

Hyundai to run IONIQ 5 self-driving robotaxi pilot service in H1, 2022

South Korea’s top automaker Hyundai Motor Co. will launch a pilot service of its first autonomous robotaxi based on its electric SUV, the IONI...

KIC sees 11 alternative investment managers resign by November

Korea Investment Corporation (KIC) saw as many as 10 professionals of its alternative investment division resign from the South Korean sovereign wea...

Korea’s Toss operator invests $5 mn in US startup fintech platform Republic

Viva Republica Inc., a leading South Korean fintech unicorn and operator of mobile financial super app Toss, is investing $5 million in Republic, a ...

BTS becomes first Asian act to win top AMA honor

The world’s No. 1 boy band BTS became the first Asian act to take the prize for artist of the year at the American Music Awards, one of the to...

Samsung, Korea Post create $336 mn overseas alternative investment fund

South Korea's largest insurance company Samsung Life Insurance Co. and state-run postal savings and insurance agency Korea Post’s insurance ...

Music copyright trading platform Musicow revitalizes Korea’s startup scene

“Music becomes Cashcow” is the slogan for Korea’s hottest startup of the year, Musicow, Inc., and cash cow it has been. Indus...

KTCU values working-level opinions for alternative investment

“The South Korean stock markets have barely risen since early this year, while the markets in Japan and Taiwan are hitting highs. I believe Ko...

S.Korea's IP trade balance swings to black in H1 2021

Success of Korean films on OTT platforms South Korea posted a surplus in its intellectual property rights trade balance in the first half of 2021. ...

Snowflake’s entry into Korea to intensify cloud service competition

Snowflake Inc., a US big data cloud provider, on Wednesday announced its entry into the South Korean market with the opening of a local office, inte...

Data Republic creates AI-based crypto investment solution

South Korean startup Data Republic is pioneering a smart way of investing for global cryptocurrency investors. Founded in 2018, the company has ra...

Korea's major LPs to focus on core assets in US and Europe

The chief investment officers of 10 South Korean major limited partners (LPs), including pension funds, mutual aid associations and life insurance c...

Pulmuone to expand alternative meat business in the US

South Korea’s major food company Pulmuone. Co. is slated to expand sales of its in-house developed meat alternatives in the US market. The foo...

Google allows alternate in-app payment options in South Korea, though familiar fees remain

SEOUL—Alphabet Inc.’s Google plans to continue charging South Korean app developers a service fee for in-app purchases, even as users fo...

Teachers' Pension to sharply up direct global stock investment

The Teachers' Pension in South Korea has started direct investment in overseas stock markets this year and will further increase direct management t...

[ASK 2021] The Growing Opportunity of Sports, Media and Entertainment in Alternatives

The Growing Opportunity of Sports, Media and Entertainment in Alternatives  Why is this industry attractive and where are you...

Supergene looks well beyond smash hit instant game OMG

Commanding more than 100 million users for a South Korean Internet social service or a mobile game is uncommon even among industry leaders.Naver Cor...

Korea mulls allowing banks to adopt Toss' super-app strategy

South Korea's top financial regulator is considering allowing banks to provide basically all financial services in single apps, emulating fintech pl...

Goldman picks three key factors for alternative investment

A number of clear trends will play out for alternatives in the future, notably digitization, customization, and values-based investing, Goldman Sach...

KIC to raise alternative investments to 25% by 2027

Korea Investment Corp. (KIC) plans to increase alternative investments to a quarter of its portfolio by 2027 from the current 16%, its CEO Jin Seoun...

KIC says traditional assets dwarf alternatives in 2019-20

The strong performance of traditional assets such as equities has resulted in a decrease in the proportion of alternative assets at Korea Investment...

Netflix reports jump in users, calls Squid Game its most popular show ever

Netflix Inc. added 4.4 million memberships in the third quarter, more than the company had forecast, as viewers flocked to the streaming platform wi...

DearU: A K-pop fan engagement platform success story

No company would know better than DearU Inc. that powerful fandom can turn into fast money.The South Korean startup that started as a software devel...

KIC says to boost VC deals to lift long-term returns

The Korea Investment Corporation (KIC) will step up venture capital investments in North America to lift its long-term returns, the sovereign wealth...