commerce service
Scope
Date
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Blockchain
NHN looks to regain former glory as online game powerhouse
South Korea’s first-generation game developer NHN Corp. is gearing up to regain its past glory as the leader of the game industry.The tech gia...
Feb 08, 2022 (Gmt+09:00)
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Entertainment
Kakao to launch webtoon service Piccoma in France
Kakao Corp. announced Sunday that it plans to launch the European version of its webtoon subscription service in either April or May of this year....
Feb 07, 2022 (Gmt+09:00)
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Automobiles
Hyundai Motor launches robotaxi service in upscale Gangnam district
City governments, automakers, and tech giants are leading the adoption of robotaxis in major cities throughout South Korea. The Ministry of L...
Feb 02, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Megazone Cloud to attract up to $336 mn for 2023 IPO
Megazone Cloud Corp., a leading cloud service provider and the first Korean business partner of Amazon Web Service (AWS), plans to attract 300 billi...
Jan 20, 2022 (Gmt+09:00)
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Alternative investments
Warehouse deals in greater Seoul area hit record high in Q4
The total deal volume of Seoul metropolitan area-based grade-A logistics centers hit a record high of 7.2 trillion won ($6.1 billion) last year. A g...
Jan 19, 2022 (Gmt+09:00)
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Digital assets
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...
Jan 19, 2022 (Gmt+09:00)
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Corporate strategy
KT, Shinhan form $370 mn digital alliance
South Korea's leading telecom operator KT Corp. has entered into a strategic alliance with the country's No. 2 lender Shinhan Bank, involving a $370...
Jan 17, 2022 (Gmt+09:00)
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Metaverse
Lotte Group aims for top spot in metaverse retail space
Lotte Group Chairman Shin Dong-bin is known for his obsession with new tech gadgets.He’s one of those early adopters in South Korea of the Ocu...
Jan 13, 2022 (Gmt+09:00)
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M&As
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...
Jan 11, 2022 (Gmt+09:00)
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Artificial intelligence
SK Telecom taps AI expert as new technology chief
SK Telecom Co., South Korea's top mobile carrier, has tapped its e-commerce arm's chief executive and artificial intelligence (AI) expert Lee Sang-h...
Jan 04, 2022 (Gmt+09:00)
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Korean startups
Former K-pop dancer turns to AI for personal training services
When Dia Kang first moved to Silicon Valley in October 2016 to create a dance app to learn K-pop moves, there was no worldwide pandemic. By Jan...
Jan 04, 2022 (Gmt+09:00)
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SK Telecom and KT to compete in AI chipmaking
SK Telecom Co. and KT Corp. are poised to go head to head in manufacturing chips for artificial intelligence. The telecom giants will utilize their...
Jan 03, 2022 (Gmt+09:00)
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Future Mobility
Hyundai to launch Level 3 self-driving Genesis G90 in H2
Hyundai Motor Co., South Korea’s top automaker, aims to roll out mass-produced hands-free Level 3 self-driving cars, starting with the flagshi...
Jan 02, 2022 (Gmt+09:00)
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Airlines
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...
Dec 29, 2021 (Gmt+09:00)
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E-commerce
Coupang embraces affordable fashion industry
Korea’s e-commerce giant Coupang is looking to tap into the country’s mid-range fashion market. The company is now reversing the ...
Dec 21, 2021 (Gmt+09:00)
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Korean startups
Korean unicorns jump fivefold in four years with record investment in 2021
Investment in South Korean startups hit an all-time high in 2021 as the number of new unicorns, unlisted companies with a valuation topping $1 billi...
Dec 20, 2021 (Gmt+09:00)
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Future mobility
Hyundai’s Motional, Uber to launch self-driving food delivery service
Motional Inc., a US mobility joint venture between Hyundai Motor Co. and Aptiv PLC, has teamed up with Uber Technologies Inc. to provide an autonomo...
Dec 17, 2021 (Gmt+09:00)
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Private equity
EQT chairman sees technology and services as attractive sectors in Korea
High price tags of target companies can be justified if you understand long-term trends of the industry and have expertise in the sectors, Conni Jon...
Dec 15, 2021 (Gmt+09:00)
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Automobiles
Hyundai to bolster in-car video services with CJ ENM
Drivers of Hyundai Motor Co. and Kia Corp. are set to enjoy their favorite original TV shows and dramas in-vehicle in near real-time, created by Sou...
Dec 08, 2021 (Gmt+09:00)
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Economy
S.Korea's Oct c/a surplus down 40% on oil price rises
South Korea's current account surplus in October narrowed by 40% from a year earlier, with the rapid rise in crude oil and raw material prices offse...
Dec 07, 2021 (Gmt+09:00)
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Tech, Media & Telecom
Kakao extends rivalry with Naver into digital healthcare
Kakao Corp., an operator of South Korea's top mobile messenger app KakaoTalk, has set its sights on the digital healthcare market, launching an in-h...
Dec 03, 2021 (Gmt+09:00)
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Logistics
GS Retail invests $55 mn in Kakao Mobility to boost online presence
GS Retail Co. is investing 65 billion won ($55 million) in Kakao Mobility Corp., South Korea's No.1 taxi-hailing app, adding to its recent series of...
Dec 02, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Kakao buys startup Grip, fueling e-commerce push
South Korea's Kakao Corp. has acquired a live streaming e-commerce app Grip Co. to beef up its online shopping business, considered the weakest spot...
Dec 02, 2021 (Gmt+09:00)
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Cryptocurrencies
SK Square to invest $75 mn in Korea crypto exchange
South Korea’s SK Square, an investment firm spun off from SK Telecom Co., will buy a stake in a local cryptocurrency exchange to expand its po...
Nov 29, 2021 (Gmt+09:00)
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E-commerce
KoreaCenter acquires Danawa, paving way for MBK’s bolt-on deal
KoreaCenter Co. has been named the new owner of Danawa Co., one of South Korea’s first-generation e-commerce platforms – a move that is ...
Nov 26, 2021 (Gmt+09:00)
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Future mobility
Hyundai to run IONIQ 5 self-driving robotaxi pilot service in H1, 2022
South Korea’s top automaker Hyundai Motor Co. will launch a pilot service of its first autonomous robotaxi based on its electric SUV, the IONI...
Nov 25, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Korea’s Toss operator invests $5 mn in US startup fintech platform Republic
Viva Republica Inc., a leading South Korean fintech unicorn and operator of mobile financial super app Toss, is investing $5 million in Republic, a ...
Nov 24, 2021 (Gmt+09:00)
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Entertainment
BTS becomes first Asian act to win top AMA honor
The world’s No. 1 boy band BTS became the first Asian act to take the prize for artist of the year at the American Music Awards, one of the to...
Nov 23, 2021 (Gmt+09:00)
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E-commerce
STIC invests $20 mn in e-commerce giant Tiki
South Korean private equity firm STIC Investments Inc. has invested $20 million in Vietnam’s e-commerce giant Tiki Corporation’s serie...
Nov 17, 2021 (Gmt+09:00)
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Monthly trade infographics
S.Korea's IP trade balance swings to black in H1 2021
Success of Korean films on OTT platforms South Korea posted a surplus in its intellectual property rights trade balance in the first half of 2021. ...
Nov 10, 2021 (Gmt+09:00)
Latest News
- 1 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 2 Korea to allow non-profits to buy bad consumer loans
- 3 LG to drive future growth in emerging markets with battery prowess
- 4 South Korean President Lee, Japanese Prime Minister Ishiba seek closer ties
- 5 Naver Ventures to plant flag in Silicon Valley with TwelveLabs bet