Korean eyewear startup to again design China's top dept store hall

South Korean eyewear brand Gentle Monster is slated to design the luxury hall space of the Chengdu branch of SKP, China’s top department sto...

SM Entertainment founder’s final audition: New owner

“It was not like an M&A negotiation but rather an audition by Lee Soo-man,” said a source at a company that is looking to buy a stak...

NPS posts near 10% IRR as of end-Aug, riding exit market boom

The National Pension Service (NPS) has achieved an average 9.65% return on investments as of the end of August, driven by overseas equity divestment...

NPS makes new commitments worth $17 bn in private sector every year

South Korea's National Pension Service (NPS) plans to keep increasing private equity investment for mid- to-long term asset allocation, Choe Hyung D...

KTCU seeks new GPs skilled in raising corporate value

Korean Teachers’ Credit Union (KTCU) will seek out general partners (GPs) that have expertise in corporate workouts, add-on investments and a ...

Office investment falls 15% in Q3 2021, CBRE says

The real estate investment market size in South Korea during the third quarter of this year reached 3.7 trillion won ($3.2 billion), showing a small...

AgTech attracts global billionaires’ investment

Microsoft co-founder Bill Gates, Amazon founder Jeff Bezos and Softbank Group founder Masayoshi Son have recently shown a common interest in a surpr...

Korea’s slated IPOs fail to attract investors

Investor confidence has waned in South Korea in line with stock market instability. Stock prices of some newly listed companies have failed to mee...

Kakao Pay sets IPO price at top end on heated demand

Kakao Group’s payment services unit Kakao Pay Corp. set the initial public offering price at the top end of the proposed band thanks to strong...

Zero-carbon, self-driving still in distant future for top Kospi stocks

Shares in Samsung Engineering Co., a leading South Korean plant builder, have skyrocketed about 90% year to date, far outstripping the average rise ...

SK Hynix unveils industry’s highest-performing DRAM chip

SK Hynix Inc., the world’s second-largest memory chipmaker, has unveiled the industry’s highest-performing DRAM with a data speed capabl...

Edison-led consortium named preferred buyer of Ssangyong Motor

A consortium led by electric bus maker Edison Motors Co. has been named the preferred buyer of South Korea’s troubled sport utility vehicle ma...

Coldplay’s 'Music of the Spheres’ review: An over-the-top cosmic lovefest

Coldplay is deep enough into its career that each new album comes packaged with a story. It’s no longer sufficient to issue a new collection o...

Korea’s Simone to spend up to 40% of net profit for dividends

South Korean Simone Acc. Collection Ltd., the world’s No. 1 handbag maker, plans to spend 30-40% of net profit for dividends after a listing n...

Hyundai Motor wins triple crown of world rally championships

South Korea’s Hyundai Motor Co. has won the triple crown of the world’s three motorsport events – the FIA World Rally Championship...

LG Electronics brings gardening indoors with plant cultivator Tiiun

LG Electronics Inc. is bringing gardening indoors by unveiling a plant growing appliance, which allows consumers to grow flowers, vegetables and her...

Yanolja likely to buy $250 mn stake in Interpark spin-off

South Korea's top travel and accommodation platform Yanolja Inc., backed by SoftBank, was on Thursday named as the preferred buyer of a majority sta...

Korean shipbuilders turn focus to high-value vessels

South Korean shipbuilders, brimming with heavy order backlogs, are turning their focus to high-value and eco-friendly vessels for new orders as the ...

Ssangyong Motor struggles to find new owner

Ssangyong Motor Co., the troubled South Korean sport utility vehicle manufacturer, is struggling to find a new owner amid doubts as to whether the e...

Joe Bae to co-lead KKR as 2nd Korean-descendent CEO of a PE giant

Joseph Bae, co-president of KKR & Co., was named as its co-chief executive officer this week, becoming the second Korean descendent CEO to lead ...

KKR named as preferred buyer of SK E&S' $2 bn new shares

KKR & Co. has secured the exclusive negotiating rights to buy SK E&S Co.'s new preferred shares worth 2.4 trillion won ($2 billion), which t...

LG Chem to build technical support centers in EU, US

LG Chem Ltd. will expand global clients’ accessibility to its technical support professionals. The chemical company said on Oct. 11 that it wi...

Samsung surprises foundry industry with plan for 2 nm chips

Samsung Electronics Co. caught its global semiconductor competitors off guard last week at the Samsung Foundry Forum 2021 with its announced plan to...

Hyundai Heavy to rebuild talent pool for tech-driven biz restructuring

Hyundai Heavy Industries Group will deploy more than half of its new hires of R&D in future growth areas such as hydrogen, self-driving vessels,...

Digital transformation, a matter of life and death: Autodesk CEO

SILICON VALLEY – One of the things that have drastically changed the business environment in the pandemic era is the prevalence of companies t...

New Mercedes-Benz C-Class equipped with LG ADAS camera

The new Mercedes-Benz C-Class is equipped with LG Electronics Inc.’s advanced driving assistance system (ADAS) camera module, helping the Sout...

Chip shortage slams Korean carmakers’ new car rollouts

The unprecedented global chip shortage is thwarting automakers’ plans to roll out new vehicles, with some popular models set to be delivered t...

Korea's first-generation platforms collapse, ringing in new e-commerce era

South Korea's first-generation e-commerce platforms, which have been around since the 1990s, are rushing to sell off their businesses as their valua...

Hyundai Glovis launches ECOH brand for hydrogen, battery businesses

Hyundai Glovis Co., a logistics unit of Hyundai Motor Group, said on Monday it is launching a new brand to beef up its eco-friendly business, includ...

SK Innovation officially launches battery, E&P split-offs

South Korea’s SK Innovation Co. on Friday officially launched its battery and petroleum exploration and production businesses as separate enti...