Korea to complete process for stock market fund in mid-Oct

Korea to complete process for stock market fund in mid-Oct

South Korea is set to complete the process for a stock market stabilization fund of 10 trillion won ($7 billion) by the middle of this month, to be ...

Samsung’s new $2.8 bn OLED plant to benefit Korean device makers

Samsung’s new $2.8 bn OLED plant to benefit Korean device makers

South Korea’s electronics equipment manufacturers are set to benefit from Samsung Display Co.’s planned construction of a $2.8 billion n...

Korea’s Aju to spin off key building material business

Korea’s Aju to spin off key building material business

South Korea’s Aju Group is set to split its parent company into a construction material firm and an investment corporation to enhance its prof...

Korea's SK Siltron to invest $597 mn in silicon wafer production

Korea's SK Siltron to invest $597 mn in silicon wafer production

South Korea’s SK Siltron Co. will invest 855 billion won ($597.4 million) to expand its 300-millimeter (12-inch) silicon wafer manufacturing f...

LIG Nex1 to invest $77 million to expand weapons production facility

LIG Nex1 to invest $77 million to expand weapons production facility

LIG Nex1 Co., a leading South Korean defense company, said on Thursday it will spend 110 billion won ($77 million) on its production facility expans...

Korea Investment & Securities and Stifel Financial form joint venture 

Korea Investment & Securities and Stifel Financial form joint venture 

Korea Investment & Securities Co., a subsidiary of Korea Investment Holdings, announced on Wednesday that it has formed a joint venture with Mis...

Higher costs, weaker won put Korean firms’ investments on hold

Higher costs, weaker won put Korean firms’ investments on hold

Rising borrowing costs coupled with the weakening local currency are forcing an increasing number of South Korean companies to withdraw or halt thei...

Hyundai Mobis hosts future mobility startups in Silicon Valley

Hyundai Mobis hosts future mobility startups in Silicon Valley

South Korea’s Hyundai Mobis Co. will host a future mobility conference, dubbed Mobis Mobility Day, with around 80 experts from mobility startu...

POSCO, Hancock to invest $200 mn to raise Senex's gas output

POSCO, Hancock to invest $200 mn to raise Senex's gas output

South Korea’s POSCO International Co. and its Australian mining partner Hancock Prospecting Pty Ltd. will invest A$300 million ($200 million) ...

Gaonchips rally on market talk of Samsung's investment in ARM

Gaonchips rally on market talk of Samsung's investment in ARM

Shares in South Korea’s semiconductor chip design house Gaonchips Co. extended their rally for a second day on Friday on growing market talk t...

Korea to raise tax credits on OTT content for future growth

Korea to raise tax credits on OTT content for future growth

Studio Dragon Corp., South Korea’s leading drama production house, spent 26 billion won ($18.5 million) on Vincenzo, aired in 2021, and receiv...

Bosung attracts $2 bn investment from TGK for Korea's largest data center

Bosung attracts $2 bn investment from TGK for Korea's largest data center

South Korea’s Bosung Group has attracted $2 billion from TGK Inc., a US infrastructure company, for its planned construction of Korea’s ...

Samsung’s Lee, SoftBank’s Son to discuss partnership on ARM

Samsung’s Lee, SoftBank’s Son to discuss partnership on ARM

Samsung Electronics Co. Vice Chairman Jay Y. Lee will meet with Japan’s SoftBank Group Chairman Masayoshi Son next month to discuss a deal reg...

Was South Korea’s FX intervention too late?

Was South Korea’s FX intervention too late?

The South Korean won on Sept. 14 opened 1.4% lower in the domestic currency session after shocking US inflation data rattled global financial market...

Korea vows favorable taxation for US, foreign firms

Korea vows favorable taxation for US, foreign firms

South Korea's National Tax Service (NTS) and the American Chamber of Commerce in Korea (AMCHAM) held a meeting on Sept. 16 to discuss favorable ta...

EMP Belstar launches $300 mn Korea logistics fund

EMP Belstar launches $300 mn Korea logistics fund

Energy and infrastructure-focused private equity firm EMP Belstar has launched its second logistics fund targeting cold storage facilities in South ...

Samsung goes green as it eyes clean tech supremacy across supply chain

Samsung goes green as it eyes clean tech supremacy across supply chain

Samsung Electronics Co., the world’s largest smartphone and memory chipmaker, said on Thursday it is aiming to power its entire operations wit...

BofA names Korean American Mike Joo as head of North America GCIB

BofA names Korean American Mike Joo as head of North America GCIB

Bank of America Corp. has appointed Korean American Mike Joo as its new head of North America global corporate and investment banking (GCIB), accord...

Biden’s move to beef up US bio industry poses threat to Korean firms

Biden’s move to beef up US bio industry poses threat to Korean firms

President Joe Biden’s plan to support the US biomanufacturing infrastructure aimed at containing China’s clout is posing a threat to Sou...

Hanwha Solutions, GS Energy to produce sheets for solar power

Hanwha Solutions, GS Energy to produce sheets for solar power

South Korea’s Hanwha Solutions Corp., Hanwha Group’s energy services arm, is entering into a sizeable co-investment to strengthen its so...

CalSTRS, Korea's KTCU consider launching 2nd real estate JV

CalSTRS, Korea's KTCU consider launching 2nd real estate JV

The Korean Teachers’ Credit Union (KTCU), a retirement fund for South Korean teachers and employees, and the California State Teachers' Retire...

SK Hynix bets on 2025 memory upturn with $11 billion new plant

SK Hynix bets on 2025 memory upturn with $11 billion new plant

SK Hynix Inc., the world’s second-largest memory chipmaker, will spend 15 trillion won ($11 billion) over the next five years to build a new m...

Delta Air increases stake in Hanjin KAL to back Chairman Cho

Delta Air increases stake in Hanjin KAL to back Chairman Cho

Delta Air Lines Inc., a friendly shareholder of Hanjin KAL Co., has bought an additional 1.7% stake in the company, which operates Korea’s lar...

Lotte to invest $900 mn in Vietnam smart city project

Lotte to invest $900 mn in Vietnam smart city project

Lotte Group, South Korea’s fifth-largest conglomerate, is set to invest $900 million in Vietnam to establish a smart city as it aims to accele...

Korea PE firms to buy FCCL maker NexFlex at $463 mn

Korea PE firms to buy FCCL maker NexFlex at $463 mn

South Korean private equity firms are set to take over NexFlex Co., the country’s largest manufacturer of flexible copper-clad laminates (FCCL...

Business magnates' startup investment fraternity V-Society going strong

Business magnates' startup investment fraternity V-Society going strong

Back in August 2000, a fraternity of domestic business magnates’ children and startup entrepreneurs named V-Society was founded. The frat...

SK Ecoplant bets on US battery recycling firm Ascend Elements

SK Ecoplant bets on US battery recycling firm Ascend Elements

South Korea’s SK Ecoplant Co., formerly SK Engineering & Construction Co., signed a stock purchase agreement (SPA) on Aug. 31 to invest $5...

Korea’s record trade deficit adds to downturn concerns

Korea’s record trade deficit adds to downturn concerns

South Korea logged a record monthly trade deficit in August with the longest spree of shortfalls in more than 14 years, while domestic consumption, ...

Korea's NPS posts 8% loss from investment in H1 2022

Korea's NPS posts 8% loss from investment in H1 2022

National Pension Service (NPS) of South Korea had an 8% negative return during the first half of 2022, its investment management arm announced on Au...

Hyundai Motor Group to invest in fabless startup BOS Semiconductors 

Hyundai Motor Group to invest in fabless startup BOS Semiconductors 

Hyundai Motor Group announced on Wednesday that it will invest in Seongnam-based fabless startup BOS Semiconductors, which designs system-on-chip (S...

S.Korea’s extra budget approved; IBs lift economic forecast BTS’ Suga, MLB star Chan Ho Park to join Oakland Athletics as shareholders Celltrion secures $730 mn to buy biosimilar unit shares, pursue M&A Korean commercial act revision to drive reevaluation of equities: J.P. Morgan S.Korea to elevate science minister to deputy prime minister to lead in AI race