China’s ByteDance invests $42 mn in Korea’s KidariStudio

China’s ByteDance invests $42 mn in Korea’s KidariStudio

China’s ByteDance Ltd., the developer of video-sharing social networking service TikTok, announced Friday that it invested 48 billion won ($42...

Vegan foodmaker Organica attracts funding from China's CITIC

Vegan foodmaker Organica attracts funding from China's CITIC

Plant-based food company Organica Corp. has attracted investment from China’s alternative investment firm CITIC Capital Holdings Ltd. This mar...

Korean tire makers to raise prices on higher costs

Korean tire makers to raise prices on higher costs

South Korea’s three leading tire makers joined the global industry’s plans to raise product prices to maintain profitability amid higher...

Korean Air wary of Asiana deal after EU blocks HHI-DSME merger

Korean Air wary of Asiana deal after EU blocks HHI-DSME merger

Korean Air Lines Co. and Asiana Airlines Inc. are wary of the fate of their proposed merger after the European Union blocked the combination of Sout...

Baillie Gifford, Allianz increase holdings in 3D tech firm Koh Young

Baillie Gifford, Allianz increase holdings in 3D tech firm Koh Young

Global asset managers are increasing shareholdings in Koh Young Technology Inc., Korea’s leading 3D image measurement tech firm listed ...

LG Energy sets new IPO record with $9.65 trillion investor demand

LG Energy sets new IPO record with $9.65 trillion investor demand

LG Energy Solution Ltd., the world’s second-largest battery maker, has set a new record for an initial public offering with demand for its sha...

POSCO logs record profit on steel supercycle in 2021

POSCO logs record profit on steel supercycle in 2021

POSCO Co., the world’s sixth-largest steelmaker, reported record earnings in 2021, adding to the bullish outlook, as China sustained a policy ...

LG Household’s China strategy put to test as shares crash

LG Household’s China strategy put to test as shares crash

LG Household & Health Care Ltd.’s shares have been flying high since its market debut in 2001, and have more recently basked in the global...

POSCO breaks ground on China automotive steel plant with HBIS

POSCO breaks ground on China automotive steel plant with HBIS

China’s HBIS Group Co., the world’s third-largest steelmaker, and South Korea’s POSCO Co., the No. 6 player, broke ground on an au...

LG Chem, China’s Huayou Cobalt to build battery metal JV in Korea

LG Chem, China’s Huayou Cobalt to build battery metal JV in Korea

South Korea’s top chemical maker LG Chem Ltd. will partner with China’s Zhejiang Huayou Cobalt Co. to launch a battery material joint ve...

KIC eyes tech, healthcare, telecoms via PE and VC

KIC eyes tech, healthcare, telecoms via PE and VC

Korea Investment Corporation (KIC) aims to increase alternative investment to 25% of its total investment by 2025 as well as rank among the world's ...

FTC announces conditions for Korean Air, Asiana merger

FTC announces conditions for Korean Air, Asiana merger

South Korea’s antitrust regulator the Fair Trade Commission (FTC) has decided on conditional approval for Korean Air Lines Co.‘s 1.8 tri...

KFCC to increase alternative assets to 40% in three years

KFCC to increase alternative assets to 40% in three years

MG Korean Federation of Community Credit Cooperatives (KFCC) will gradually increase its alternative investment proportion from the current early 30...

China’s tighter grip on supply chain hurts Korean battery makers

China’s tighter grip on supply chain hurts Korean battery makers

While the recent urea crisis laid bare South Korea’s heavy dependence on China for the basic raw material, concerns are growing that the count...

Korea battery makers suffer under growing China dominance

Korea battery makers suffer under growing China dominance

South Korean battery manufacturers are suffering from the growing dominance of their Chinese competitors in the world’s electric vehicle marke...

SK Hynix wins China’s approval for $9 billion Intel NAND acquisition

SK Hynix wins China’s approval for $9 billion Intel NAND acquisition

SK Hynix Inc. has received approval from China’s antitrust regulator for its $9 billion deal to acquire Intel Corp.’s NAND memory chip b...

Indian startups: Korean VCs' new target after China

Indian startups: Korean VCs' new target after China

South Korean venture capital firms and online giants are flocking to startups in India, a country with the world's second-largest population and low...

LG Display OLED TV panel sales top 20 mn units on strong demand

LG Display OLED TV panel sales top 20 mn units on strong demand

South Korea’s major display panel maker LG Display Co. is estimated to have sold more than 20 million units of organic light-emitting diode (O...

Chipmakers eye shorter memory downturn

Chipmakers eye shorter memory downturn

Global memory chipmakers, including market leader Samsung Electronics Co., expect the current industry downcycle to be shorter than expected, with v...

Samsung Elec launches dedicated team for China

Samsung Elec launches dedicated team for China

Samsung Electronics Co., South Korea’s top tech giant, has established a dedicated team for the Chinese market, where its smartphone and home ...

Cosmax’s China arm targets late-2022 Kosdaq listing

Cosmax’s China arm targets late-2022 Kosdaq listing

Cosmax East, which owns and manages Cosmax’s business in China in its entirety, has announced plans to seek listing on the Korea Stock Exchang...

Credit Suisse promotes two MDs in Seoul

Credit Suisse promotes two MDs in Seoul

Credit Suisse Group AG has appointed two South Koreans as new managing directors (MD) for its Seoul office. Shim Jong-min and Kim Sei-won were promo...

Korean Air to fly high on China’s cargo conversion ban

Korean Air to fly high on China’s cargo conversion ban

Korean Air Lines Co. is expected to benefit from China’s ban on conversion of airliners into freighters since the measure is likely to further...

Magnachip, Chinese PEF Wise Road end $1.4 bn buyout deal

Magnachip, Chinese PEF Wise Road end $1.4 bn buyout deal

US-listed chipmaker Magnachip Semiconductor Corp. and Chinese private equity firm Wise Road Capital terminated their $1.4 billion buyout agreement...

South Korea moves to join CPTPP free trade pact as China fears ease

South Korea moves to join CPTPP free trade pact as China fears ease

South Korea has officially declared its plan to join a mega Trans-Pacific free trade deal, called the CPTPP, following China’s application to ...

Korean duty free shops take opposite paths to draw Chinese shoppers

Korean duty free shops take opposite paths to draw Chinese shoppers

There appear to be two diverging roads for South Korea's top duty free operators Lotte and Shilla: expanding outside China, or going deeper inside t...

China’s CSI, KRX to launch co-developed stock indices

China’s CSI, KRX to launch co-developed stock indices

China Securities Index Co. (CSI) and the Korea Exchange (KRX) are set to unveil three stock indices jointly developed for the first time on Dec. 20,...

Korean wage growth increases inflationary pressure

Korean wage growth increases inflationary pressure

South Korea’s wage growth in the third quarter hit its highest point in three and half years, adding to inflationary pressure in Asia’s ...

Carmakers gear up for sharp price hikes in 2022

Carmakers gear up for sharp price hikes in 2022

Car prices will likely rise sharply next year alongside the industry shift from combustion engine models to electric vehicles as automakers prepare ...

Samsung’s new auto chip mounted in Volkswagen’s infotainment system

Samsung’s new auto chip mounted in Volkswagen’s infotainment system

Samsung Electronics Co. is supplying one of its latest advanced chips to Volkswagen AG for the German carmaker’s in-vehicle infotainment syste...

LG Energy, GM’s JV Ultium Cells to retrofit Tennessee plant to produce LFP batteries KPop Demon Hunters OST lands at No.6 on Billboard Hot 100 K-beauty craze sends Olive Young online sales to new heights Hyundai Motor’s high-stakes gambit in US: Cut vehicle prices as rivals hike With waning MZ interest, is heyday over for S.Korea’s golf apparel market?