Thoma Bravo may attract $200 mn from NPS, KTCU
National Pension Service (NPS), Korean Teachers’ Credit Union (KTCU) and other institutional investors of South Korea are likely to contribute...
Asiana Airlines swings to profit in 2021 on cargo boom
South Korea's Asiana Airlines Inc. turned to the black in 2021, reporting its largest-ever operating profit since 2010, as global supply chain disru...
Online platforms emerge as new battlefield for auto sales in Korea
Visiting a car dealer’s stylish showroom to touch, feel and sometimes test drive a car before purchase has for decades been a rite of passage ...
Defense giants eager to bolster satellite business
In the era of space privatization, satellites are the driving forces.South Korea’s main defense systems makers are turning away from arms expo...
Samsung hires ex-US Amb. Lippert as PR chief for N.American business
WASHINGTON D.C. – Samsung Electronics Co. has hired Mark Lippert, former US ambassador to South Korea, as an executive in charge of corporate ...
POSCO wins shareholder support to launch holding firm
South Korea's POSCO Co. will transform into a holding company structure on Mar. 2, after its plan to split itself into a holding firm and a steelmak...
Naver to invest $330 mn in content business expansion
Naver Corp., South Korea’s online portal giant, decided to make an additional investment in a web content unit to expand its global webtoon an...
LG overtakes Whirlpool as top appliance maker with record 2021 sales
LG Electronics Inc. has overtaken Whirlpool Corp. as the world’s top manufacturer of home, kitchen and laundry appliances after posting record...
Netmarble vows aggressive expansion in blockchain, metaverse
Netmarble Corp. unveiled detailed plans for a hawkish entry into the blockchain and metaverse industries on Thursday. The mobile game developer...
Hyosung's operaing profit reaches record $2 bn last year
Hyosung Group’s annual operating profit exceeded two trillion won ($1.9 billion) for the first time since the company was founded in 1966.Loca...
Hyosung goes greener with $836 million green hydrogen project
Hyosung Group is stepping up efforts to turn into an eco-friendly business, announcing huge investment plans on hydrogen and renewable energy projec...
Time to buy Korean entertainment stocks?
Hopes for a rebound in South Korea’s entertainment shares emerged as their earnings are expected to improve on new businesses and their valuat...
Microsoft $69 bn bet spurs Korea game makers' search for metaverse deals
South Korea’s game developers are expected to seek more acquisitions of the metaverse and non-fungible token (NFT) companies for new profit so...
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...
Korea's Mirae Asset to launch digital asset business
Mirae Asset Financial Group, South Korea’s capital market giant, is set to enter the digital asset business, starting with a digital asset cus...
Hyundai Engineering’s new business keywords: Hydrogen, mini reactors
Hyundai Engineering Co., the plant engineering and construction unit of South Korea’s Hyundai Motor Group, is reorganizing its business struct...
Coupang to shake up Korea’s logistics industry landscape
South Korea’s e-commerce giant Coupang Inc. is looking to tap into the country’s logistics industry, shaking up the sector, while market...
The Princeton Review up for sale by Korean edutech firm
South Korea's leading edutech service firm has put The Princeton Review up for sale, five years after it acquired the US college test preparation se...
Tighter rules on business split-ups may benefit SK Inc.
As South Korean securities regulators are moving to tighten their grip on the growing trend of splitting up businesses and listing the spun-off arms...
Korean REITs total assets surpass $58 bn in 2021
The combined total assets of real estate investment trusts (REITs) in Korea surpassed 70 trillion won ($58.4 billion) as of the end-2021, 20 years a...
SK subsidiaries form ICT alliance
South Korea’s third-largest chaebol, SK Group, announced its plans to launch a consultative body to create synergy among its three subsidiar...
Korea Zinc to ditch low-key strategy to go beyond metal
South Korea's two non-ferrous metal product leaders Korea Zinc Inc. and Poongsan Corp. are tipped to report their record earnings in 2021, after str...
Hyundai Oilbank to sell fuels to Hawaii in first term deal with US
South Korean refiner Hyundai Oilbank Co. is set to export gasoline and diesel to Hawaii next year through its first term contract to sell petroleum ...
E-Mart in exclusive talks to buy US food company
South Korea's largest supermarket chain E-Mart Inc. has spent nearly $4 billion on acquisition deals so far this year, including the $3 billion purc...
SK Square injects $29.5 million into agriculture startup
Korean investment firm SK Square Co. Ltd. has invested approximately 35 billion won ($29.5 million) into homegrown agriculture tech startup Greeln...
Korea’s IPO market renews record highs
South Korea’s initial public offering market continues to rewrite history this year. More than 20 million people have participated in the...
Diageo sells whisky business to Bayside-led consortium for $194 mn
Diageo Korea Co., London-headquartered multinational beverage alcohol company Diageo plc’s Korean affiliate and the biggest whisky importer in...
LG Innotek shares surge on anticipation of Apple Car, new iPhone
Shares of Korean companies supplying parts to Apple rose sharply on Thursday. The jump comes on the back of robust iPhone sales and buzz that the ...
SK Group’s Chey rebuts FTC charges of unfair business practice
South Korea’s Fair Trade Commission has imposed a fine of 1.6 billion won ($1.3 million) on SK Group Chairman Chey Tae-won and the conglomerat...
Naver Webtoon to acquire Korea’s virtual human maker
Naver Webtoon Ltd., the digital comics platform of South Korea’s online portal giant Naver Corp., is set to acquire the management rights of d...
