Food giants vie for biggest splice of vegan pie 

Food giants vie for biggest splice of vegan pie 

Veganism, or the practice of abstaining from any animal or animal byproducts, is taking the food and beverage (F&B) industry by storm. Even...

Korea Investment completes Indonesian fishing firm's IPO

Korea Investment completes Indonesian fishing firm's IPO

South Korea’s Korea Investment & Securities Co. (KIS) said on Thursday it has completed the listing of PT Cilacap Samudera Fishing Industr...

LG to buy back $398 mn of its own shares

LG to buy back $398 mn of its own shares

South Korean conglomerate LG Corp., known as LG Group, announced on May 27 that it will buy back 500 billion won ($398.1 million) of its own share...

KIC, PE firm WWG to invest $450 mn in equipment maker Duravant

KIC, PE firm WWG to invest $450 mn in equipment maker Duravant

Korea Investment Corporation (KIC), the South Korean sovereign wealth fund, and private equity firm White Whale Group (WWG) are slated to jointly in...

BOK steps up inflation fight with back-to-back rate hikes

BOK steps up inflation fight with back-to-back rate hikes

South Korea’s central bank delivered a back-to-back interest rate hike for the first time in 15 years on Thursday to curb rampant consumer pri...

LG Energy, SK On to raise yields with smart factory solutions

LG Energy, SK On to raise yields with smart factory solutions

LG Energy Solution Ltd. and SK On Co., the world’s No. 2 and No. 5 electric vehicle battery makers, plan to adopt smart factory solutions to i...

Korean real estate investors look to secure liquidity post-pandemic

Korean real estate investors look to secure liquidity post-pandemic

South Korean real estate investors prefer liquidity and stable payback on investment, as well as investing in debts amid market uncertainty. The lim...

Alternative investment market at inflection point, says Suhyup CIO

Alternative investment market at inflection point, says Suhyup CIO

Some major institutional investors in South Korea are set to increase alternative investments this year to hedge inflation and stabilize cash flows....

Yoon, Biden highlight 'economic security alliance' following Samsung tour

Yoon, Biden highlight 'economic security alliance' following Samsung tour

South Korean President Yoon Suk-yeol and visiting US President Joe Biden emphasized the two countries' iron-clad commitment to economic security all...

Hyundai Card shelves IPO after Fubon buys 20% stake

Hyundai Card shelves IPO after Fubon buys 20% stake

South Korea’s Hyundai Card Co. has shelved a plan to go public after Taiwan’s Fubon Financial Holding Co. completed the purchase of its ...

SK ties up with Bill Gates’ TerraPower for small nuclear reactor biz

SK ties up with Bill Gates’ TerraPower for small nuclear reactor biz

SK Group, South Korea’s No. 2 conglomerate, joined hands with TerraPower, an advanced nuclear power venture founded by billionaire Bill Gates,...

LG’s telecommunication unit joins UAM race in Korea

LG’s telecommunication unit joins UAM race in Korea

LG Group’s telecommunication unit joined the race for South Korea’s urban air mobility (UAM) to secure a future growth engine in coopera...

Samsung Elec. proposes global research for 6G frequencies

Samsung Elec. proposes global research for 6G frequencies

Samsung Electronics Co., South Korea’s tech behemoth, has put forward global research on 6G service frequencies as it aims to take the lead in...

SK Telecom to launch metaverse platform in Europe

SK Telecom to launch metaverse platform in Europe

South Korea’s top mobile carrier SK Telecom Co. and its spin-off investment firm SK Square Co. joined hands with Europe’s largest teleco...

Two unopened ways Samsung Elec. bolsters share prices

Two unopened ways Samsung Elec. bolsters share prices

Samsung Electronics Co., South Korea’s largest company by market capitalization, has tried to boost its recently battered share price -- espec...

CJ ENM buys stake in US metaverse firm Hyperreal

CJ ENM buys stake in US metaverse firm Hyperreal

South Korean entertainment powerhouse CJ ENM Co. has acquired a minority stake in US metaverse entertainment and media firm Hyperreal Digital Inc., ...

Hyundai Motor, battery firms strive to limit China lockdown disruptions

Hyundai Motor, battery firms strive to limit China lockdown disruptions

The growing fears of a Beijing lockdown are prompting South Korea’s top automaker Hyundai Motor Co. and battery makers, already suffering from...

NPS to step back from management of Hanjin KAL

NPS to step back from management of Hanjin KAL

National Pension Service (NPS) of South Korea has decided to shift its objective in holding shares of Hanjin KAL Corp., the parent company of Korean...

Yoon admin to launch special startup-support track 

Yoon admin to launch special startup-support track 

The incoming Yoon Suk-yeol administration will lend extra support to the startup ecosystem – biotech and artificial intelligence firms in part...

Hyundai opens world's first UAM takeoff, landing area in UK

Hyundai opens world's first UAM takeoff, landing area in UK

South Korea's Hyundai Motor Group has opened the world's first urban air mobility (UAM) takeoff and landing area in central England.Supernal LLC, Hy...

Startup accelerator Klim Ventures secures $4 mn in bridge capital

Startup accelerator Klim Ventures secures $4 mn in bridge capital

South Korea’s startup accelerator Klim Ventures announced Tuesday it has secured 5.5 billion won ($4 million) worth of bridge capital. ...

Korea’s LX Group seeks to acquire Magnachip Semiconductor

Korea’s LX Group seeks to acquire Magnachip Semiconductor

South Korea’s LX Group is looking to acquire US-listed Magnachip Semiconductor Corp. to create synergy with the group’s foundry affiliat...

Korean drugmakers close to commercializing COVID-19 vaccine, pill

Korean drugmakers close to commercializing COVID-19 vaccine, pill

South Korea’s biopharmaceutical companies are close to commercializing a COVID-19 vaccine and treatment pill as they are on the brink of compl...

SK Ecoplant to build largest commercial data center in Korea

SK Ecoplant to build largest commercial data center in Korea

South Korea’s SK Ecoplant Co., formerly known as SK Engineering & Construction Co., is slated to develop the largest commercial data cen...

Hana Fin. boosts Vietnam presence with BIDV Securities stake

Hana Fin. boosts Vietnam presence with BIDV Securities stake

South Korea's Hana Financial Investment Co. has become the second-largest shareholder in Vietnam's BIDV Securities after buying a 35% stake in the V...

Affinity Equity to refinance Serveone to recoup investment

Affinity Equity to refinance Serveone to recoup investment

Affinity Equity Partners is in the process of raising 700 billion won ($565 million) to recapitalize South Korea's Serveone Co. in an attempt to rec...

COVID test kit maker SD Biosensor buys Italian medical device firm

COVID test kit maker SD Biosensor buys Italian medical device firm

SD Biosensor Inc., South Korea’s top manufacturer of COVID-19 test kits, said on Friday that it has signed a deal to purchase a 100% stake i...

Fractional copyright ownerships are securities: Seoul

Fractional copyright ownerships are securities: Seoul

Musicow Inc., South Korea's first music copyright trading platform, will come under regulatory scrutiny, after the country's top financial regulator...

Direct lending remains the top PD strategy for Korean LPs

Direct lending remains the top PD strategy for Korean LPs

Around 70% of South Korean key asset owners will expand their exposure to global private debt, expecting steady streams of cash flow, according to a r...

LG Energy-led group to set up $9 bn Indonesia battery value chain

LG Energy-led group to set up $9 bn Indonesia battery value chain

A consortium led by LG Energy Solution Ltd., the global No. 2 electric vehicle battery maker, will invest $9 billion in a battery value chain in Ind...

Hyundai Glovis charts new waters with world’s first AI-driven self-sailing car carrier fleet Korea’s game studios rebrand as AI tech firms, move into fashion, robotics, media Return of the K-pop queens: Blackpink, Twice power up YG, JYP Samsung to launch AI health coach beta in US by end-2025 South Korea moves to mandate treasury share cancellation