LG CNS to enter US smart building biz

South Korea's LG CNS said on Tuesday it signed a memorandum of understanding (MOU) with the US-based real estate management SomeraRoad and Mastern A...

Naver recruits 500 creators for Clip

South Korea's Naver Corp. said on Monday it will recruit 500 creators for Clip in the first half of 2025, the company's short-form platform from Dec...

Blackstone, Carlyle, MBK vying for CJ CheilJedang’s bio business

Blackstone, Carlyle Group and MBK Partners have joined the race to purchase the bio business of CJ CheilJedang Corp., the world’s largest prod...

China’s Alibaba acquires 5% of Ably in 1st equity investment in Korean firm

Chinese online shopping giant Alibaba Group Holding Ltd. has invested 100 billion won ($71.4 million) in South Korea’s top women’s cloth...

POSCO to buy Korean robotics firm stake for steel business

South Korea’s steel-to-battery materials conglomerate POSCO Group will invest in the leading domestic robotics company to boost its ailing ste...

Latvian President Rinkēvičs seeks closer ties with S.Korea in bio, defense

Latvian President Edgars Rinkēvičs, who is on a four-day working trip to South Korea, said on Friday he hopes for deeper cooperation between the two...

HD Hyundai Oilbank ventures into bioenergy sector as new growth driver

HD Hyundai Oilbank Co., a South Korean crude oil refiner backed by Saudi Aramco, is diversifying its business beyond fossil fuel-centered operations...

Controversy brews over HYBE Chair Bang’s investment deal with PEFs

Bang Si-hyuk, founder and chairman of HYBE Co., the South Korean entertainment giant behind K-pop global sensations BTS and NewJeans, is embroiled i...

CJ ENM, SK Square invest $179 mn in Wavve ahead of merger with TVing

South Korean entertainment powerhouse CJ ENM Co. and SK Group’s investment arm SK Square Co. have invested a combined 250 billion won ($179 mi...

Samsung reshuffles top brass; Co-CEO to control memory business

Samsung Electronics Co., the world’s No. 1 memory chipmaker, reshuffled its leadership on Wednesday in a sweeping move as it faces an uph...

BlackRock names Lee Yoon Pyo as head of S.Korea business

BlackRock, the world's best-known asset manager, has appointed Lee Yoon Pyo as managing director and head of its South Korea operations, effective f...

Samsung C&T-Sumitomo consortium wins $3.7 billion Qatar project

An international consortium involving South Korea’s Samsung C&T Corp. and financial firms has won a $3.7 billion project to build a desali...

Hyundai Motor to invest $479 million in Malaysia

Hyundai Motor Co. said on Tuesday that it plans to invest $479 million in Malaysia over five years, starting in 2025.The South Korean automaker stat...

S.Korean gov't eases restrictions on Korean investment in overseas startups

The companies founded by South Korean nationals abroad will be recognized as domestic companies if they contribute to the Korean economy, making it ...

NPS expects Korea’s WGBI inclusion to attract $56 billion in foreign funds

The National Pension Service (NPS), South Korea’s state-run pension fund and the country’s largest institutional investor, expects some ...

Apple supplier LG Innotek to invest $268.4 mn in Vietnam in 2025

South Korea’s LG Innotek Co., a major contractor for Apple Inc., said on Thursday it plans to spend 375.9 billion won ($268.4 million) next ye...

SK Square to buy back $72 mn shares amid Palliser's value-up push

SK Square Co., the investment arm of South Korea’s No. 2 conglomerate SK Group, announced shareholder-friendly measures on Thursday, in respon...

Samsung Electronics, LG Uplus to jointly develop ixi-O AI smartphone

South Korean tech giant Samsung Electronics Co. has joined forces with mobile carrier LG Uplus Corp. to unveil an AI smartphone embedded with a high...

CJ CheilJedang to invest $584 mn to build food factories in Europe, US

CJ CheilJedang Corp., South Korea’s largest food company, will spend a total of $584 million to build new food-manufacturing factories in Euro...

Korean funds offer rescue financing for global offices

South Korean institutional investors are offering rescue financing for overseas office buildings, which their local peers have yet to exit, as they ...

Korea mulls raising US oil imports to cope with Trump trade policies

South Korea, the world’s fourth-largest oil importer, is considering increasing US oil imports to ease potential pressure from President-elect...

LS Cable, Denmark's CIP sign LOI for floating offshore wind

South Korea's LS Cable & System Ltd. said on Wednesday that it signed a letter of intent (LOI) for offshore wind cooperation with Copenhagen Inf...

Hanwha Life acquires US securities firm Velocity

South Korea's Hanwha Life Insurance said on Wednesday it signed a stock purchase agreement (SPA) to acquire a 75% stake in Velocity Clearing LLC, ...

LG Electronics rises to global prominence in HVAC segment, ranks fifth

LG Electronics Inc., a leading South Korean home appliance maker, has emerged as one of the world’s top five players in the heating, ventilati...

Korean logistics companies expand overseas businesses

South Korea’s logistics companies such as local industry leader CJ Logistics Corp. are expanding their overseas operations to take advantage o...

CJ CheilJedang puts bio business on market for $4 bn

CJ CheilJedang Corp., South Korea’s largest food company, is seeking to sell its bio business for about 6 trillion won ($4.3 billion) in what ...

Samsung vows to regain chip lead with new R&D center

Samsung Electronics Co. is pinning its hopes on its new research and development complex, which will cost the company 20 trillion won ($14.4 billion...

LG Display to invest extra $1 bn in Vietnam OLED plant

LG Display Co. will invest an additional $1 billion in Vietnam over the next five years to ramp up organic light-emitting diode (OLED) panel output,...

Salesforce outage disrupts businesses across Asia Pacific

Salesforce Inc., the world’s top customer relationship management (CRM) platform, is grappling with a major service outage affecting more than...

LG to expand appliance subscriptions to India to speed up leasing business

LG Electronics Inc., the leading global home appliance maker, is considering expanding its subscription service into new overseas markets, such as I...