DigitalBridge names Korean Tae Ahn as Asia capital formation head

DigitalBridge Group Inc., a US digital infrastructure investment firm, announced on July 19 it has appointed South Korean Tae E. Ahn as managing d...

S.Korea defense firms poised to ink $7.7 bn in deals with Poland

South Korea’s defense makers including Hyundai Rotem Co., Korea Aerospace Industries Ltd. (KAI) and Hanwha Defense are poised to clinch 10 tri...

Chanel’s first VIP boutique to open in Asia – will it be in Seoul?

A couple of months ago, media outlets reported Chanel plans to open stores solely for VIP shopping in Asia.The French label is widely expected to op...

Korean LCCs’ international flight recovery remains slow

South Korean budget airlines are seeing a slow recovery in international flights as key routes such as China and Japan have yet to normalize while t...

Yen’s plunge raising blood pressures in Asia 

Episodes of extreme yen weakness don’t tend to go well for Asia. In the late 1990s, early 2010s and today, a sliding yen often proves to be even...

KB to raise $150 mn India, SE Asia-focused VC fund

KB Investment Co., a venture capital arm of KB Financial Group, is seeking to raise more than 200 billion won ($150 million) in its second global fu...

Bain Capital, Lotte Chem. among shortlisted bidders for Iljin

A US private equity firm Bain Capital and South Korea’s major petrochemical manufacturer Lotte Chemical Corp. were among the shortlisted candi...

Sell Korea intensifies as foreigners dump bonds for 1st time in 18 months

A selloff in risk assets in South Korea is intensifying as foreigners turned net sellers of Korean bonds for the first time in 18 months in June whi...

LIG Nex1 showcases guided rocket at top navy exercise

South Korea’s defense exporter LIG Nex1 Co. showcased its guided rocket at the world’s largest international maritime warfare exercise l...

Korean PE firms' 2021 funds bet on parts makers, dividend stock

IMM Investment Co. and STIC Investments Co., the two most active South Korean private equity firms in 2021 fundraising, made bets on a dividend-focu...

Samsung Eng. to invest in Vietnam for SE Asia water biz

Samsung Engineering Co. agreed to spend $41 million on Vietnam’s largest private water treatment company for the eco-friendly business in Sout...

Korean biotech L&C Bio issues convertible bonds worth $46 mn

South Korean biotech company L&C Bio, which specializes in tissue regeneration treatment, is poised to ramp up its expansion into the Chinese ma...

Korean duty-free shops hit by unfavorable exchange rate, limited inventory

The duty-free industry has been hoping that the end of COVID-19-related travel restrictions would help boost its sales. Even as international t...

S.Korea stocks see dead cat bounce; outlook remains gloomy

South Korea’s shares on Friday rebounded after tumbling in the previous two straight sessions, outperforming their peers in Asia, but few expe...

Foreign ownership of S.Korean stocks at 13-year low

Foreign investors’ stockholdings in South Korea have plunged to their lowest level in nearly 13 years, dealing a heavy blow to the domestic st...

Seoul poised to paint over Hong Kong in fine arts

Back in 2013, Hong Kong painted itself as the uncontested leader in Asia’s art scene – over Singapore, Shanghai, and Tokyo. Art Bas...

Poland closer to deal to buy South Korean fighter jets, tanks, howitzers

Poland is moving closer to clinching a megadeal to buy South Korean weapons such as fighter jets, tanks and artillery amid the ongoing Russian war o...

Why India’s top talent chose S.Korea for launch of edutech startup

TagHive Inc. is an education technology startup building a bridge between South Korea and India. The company’s founder and CEO Pankaj Aga...

LianBio teams with Korean MediRama to ease US biotechs' foray into Asia

  LianBio, a Nasdaq-listed biotechnology company, has joined hands with MediRama Co., a South Korean clinical development firm, to help promis...

Who should be held accountable for BTS label's stock plunge?

K-pop sensation BTS’ decision to temporarily split up and launch solo careers was made known after a pre-recorded video came out Wednesday of ...

Chemical makers to halt plants as truck driver strike deepens

South Korea’s petrochemical companies are set to halt operations as the work stoppage by unionized truck drivers stretched into an eighth day ...

Hanwha to announce plans to enhance shareholder value in H2

South Korea’s Hanwha Corp. discussed on June 10 its ESG activities in the first half of this year and is set to announce plans for enhancing s...

CJ Logistics steps up automated distribution system in SE Asia

South Korea’s major logistics firm CJ Logistics Corp. is accelerating business expansion in Southeast Asia. It has started applying a homegrow...

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 ...

NPS to slash Korean asset proportion, increase overseas stocks

National Pension Service (NPS) of South Korea, the world’s third-largest pension fund, has adjusted its five-year asset allocation plan to enh...

VA Corp. to build Asia’s largest virtual studio with LG’s LED displays

VA Corp. (VAC), a South Korean visual effects production startup, is building Asia’s largest virtual studio complex equipped with super-large ...

North Korea fires three missiles after Biden ends Asia trip

TOKYO — North Korea fired a suspected intercontinental ballistic missile early Wednesday that flew only briefly before landing in the sea east o...

KKR closes Asia's largest credit fund at $1.1 bn

KKR & Co. on Wednesday announced the final close of its first Asia credit fund at $1.1 billion, the largest such fund focused on Asia.The privat...

Hankook Tire builds Asia’s largest proving ground for future car tires

Hankook Tire & Technology Co., South Korea’s top tire maker, said on Wednesday it has opened Asia’s largest proving ground to test t...

Hanwha to boost defense, aerospace biz with $2.1 bn spending

Hanwha Group, South Korea’s chemical-to-financial conglomerate, is set to invest 37.6 trillion won ($29.8 billion) in future growth sectors su...