KDB opens VC in US to aid Korean startups' US entry

KDB opens VC in US to aid Korean startups' US entry

South Korea’s state-run bank Korea Development Bank (KDB) launched its venture capital (VC) operations in California's Silicon Valley on Nov...

MBK closes SSF II at $1.8 bn, largest Asian SSF since 2019

MBK closes SSF II at $1.8 bn, largest Asian SSF since 2019

South Korea’s MBK Partners, one of the largest private equity firms in Asia, said it has raised $1.8 billion for its second special situations...

Lotte joins Korea’s UAM race as Hyundai closes ranks with others

Lotte joins Korea’s UAM race as Hyundai closes ranks with others

South Korean conglomerate Lotte said on Tuesday it is joining hands with three other partners to enter the country’s urban air mobility (UAM) ...

Korean retailers scale back on Southeast Asian operations

Korean retailers scale back on Southeast Asian operations

South Korea's top three retail groups -- Lotte, Shinsegae and GS -- are struggling with increased losses in the Southeast Asian market, once believe...

Celltrion looks beyond biosimilars to develop its own mRNA drugs

Celltrion looks beyond biosimilars to develop its own mRNA drugs

South Korea’s Celltrion Inc. has long been a biosimilar player, producing replicas of original drugs, a growing market in the pandemic era.Ear...

S.Korea's IP trade balance swings to black in H1 2021

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. ...

Hyundai to set up UAM research center in LA next year

Hyundai to set up UAM research center in LA next year

South Korea’s Hyundai Motor Group is accelerating the urban air mobility (UAM) business with a plan to set up a research center for the sector...

Real estate investment head resigns from KIC

Real estate investment head resigns from KIC

The head of real estate investment at Korea Investment Corporation (KIC) has resigned from the South Korean sovereign wealth fund. Cha Hoon, appoint...

US startup SES unveils game-changing lithium-metal battery

US startup SES unveils game-changing lithium-metal battery

SES Holdings Pte. Ltd., one of the world’s top solid-state battery makers, unveiled a hybrid lithium-metal rechargeable battery with better pe...

Korea to buy back treasury bonds to curb rising interest rates

Korea to buy back treasury bonds to curb rising interest rates

South Korea plans to buy back 2 trillion won ($1.7 billion) worth of government bonds in a move to stem a jump in market interest rates.The Ministry...

SKC to invest $33 mn in British battery materials startup Nexeon

SKC to invest $33 mn in British battery materials startup Nexeon

South Korea’s SKC Co. is set to invest $33 million in Nexeon Ltd., a British battery materials maker, for the silicon anode materials business...

SK Hynix to buy back ex-foundry unit after strong Q3 results

SK Hynix to buy back ex-foundry unit after strong Q3 results

SK Hynix Inc. will be buying back the remaining stake in its former unit Key Foundry to double its foundry capacity, after its third-quarter operati...

POSCO reaps rewards from Australia’s Roy Hill investment

POSCO reaps rewards from Australia’s Roy Hill investment

POSCO, the world’s fifth-largest steelmaker by output, has reaped the rewards of a $1.1 billion investment it made in Australia’s Roy Hi...

GIC, EQT, MBK compete for ADT Caps' $300 mn shares

GIC, EQT, MBK compete for ADT Caps' $300 mn shares

Singapore's sovereign wealth fund GIC, Sweden-based EQT Partners and South Korea-based MBK Partners are among the four shortlisted bidders for share...

Samsung aims to unveil autonomous ships in 2022

Samsung aims to unveil autonomous ships in 2022

Samsung Heavy Industries Co. last month successfully completed a sea trial of its self-operating vessel technology, which enables two autonomous shi...

SoftBank-backed Riiid acquires Langoo, eyes Japan's edtech market

SoftBank-backed Riiid acquires Langoo, eyes Japan's edtech market

South Korea-based artificial intelligence startup Riiid is looking to boost its presence in Japan following the acquisition of its Japan-based distr...

SKIET to start commercial operation of its first separator plant in Europe

SKIET to start commercial operation of its first separator plant in Europe

South Korea’s SK IE Technology Co. (SKIET), SK Innovation Co. 's battery material business subsidiary, plans to start commercial operation of ...

ADT Caps seeks about $300 mn in pre-IPO funding

ADT Caps seeks about $300 mn in pre-IPO funding

ADT Caps Co., South Korea's No. 2 security services provider, is seeking to raise up to 400 billion won ($336 million) from private equity firms ahe...

LS Cable wins $168 mn submarine cable deal from Taiwan

 LS Cable wins $168 mn submarine cable deal from Taiwan

LS Cable & System Ltd., South Korea’s top wire and cable producer, won a $168 million submarine cable supply deal from Taiwan, reinforcing...

Hanjin Heavy wins $270 mn container ship order, first deal in 6 years

Hanjin Heavy wins $270 mn container ship order, first deal in 6 years

Hanjin Heavy Industries & Construction Co. said on Tuesday it has won a $270 million deal to build four 5,500 TEU container ships for a European...

Korea property startup Kasa to launch exchange in Singapore

Korea property startup Kasa to launch exchange in Singapore

Kasa Korea Co., a property investment platform, is set to expand its services to help global users invest in real estate in the world by obtaining l...

SK Innovation, Ford to invest $11.4 billion to build largest EV battery JV

SK Innovation, Ford to invest $11.4 billion to build largest EV battery JV

SK Innovation Co. and Ford Co. will invest a combined $11.4 billion to build an assembly and battery complex and two additional battery factories in...

S.Korea plans to tighten ability-to-repay rules

S.Korea plans to tighten ability-to-repay rules

South Korea's new household lending rules, set to be unveiled next month, will center on tightening the assessment of borrowers' repayment capabilit...

Kakao Pay pushes back IPO to November despite tight schedule

Kakao Pay pushes back IPO to November despite tight schedule

Kakao Group’s payment services unit Kakao Pay Corp. has pushed back its IPO to November due to growing concerns regarding the impact of regula...

Hyundai Motor to start hydrogen popularization in 2040

Hyundai Motor to start hydrogen popularization in 2040

Hyundai Motor Group, the world’s fifth-largest automaker, declared to make 2040 the first year of hydrogen energy popularizationThe group was ...

Samsung C&T, S-Oil in hydrogen transport partnership

Samsung C&T, S-Oil in hydrogen transport partnership

Samsung C&T Corp., the construction and trading arm of Samsung Group, has tentatively agreed with S-Oil Corp. to cooperate in securing overseas ...

KT, Samsung Medical Center extend ties in building robot-driven hospitals

KT, Samsung Medical Center extend ties in building robot-driven hospitals

KT Corp. and Samsung Group’s medical facility Samsung Medical Center (SMC) have made another step forward in creating a next-generation hospit...

Daewoo Shipbuilding tops 2021 order target

Daewoo Shipbuilding tops 2021 order target

Daewoo Shipbuilding & Marine Engineering Co. exceeded its order target for this year with a $846 million contract for liquefied natural gas (LNG...

Automotive security in spotlight on growing EV market

Automotive security in spotlight on growing EV market

The automotive security technology for automotive electronics is in the spotlight as the global electric vehicle market is growing. The information ...

Seoul Q2 office prices rise at fastest rate in 10 yrs

Seoul Q2 office prices rise at fastest rate in 10 yrs

Seoul office building prices rose at their strongest rate in 10 years in the second quarter of this year, driven by domestic investors as the Seoul ...

South Korean airlines bank on China routes for profit recovery Hyundai premieres IONIQ 6 N: Latest motorsport DNA for electric age Organic food chain Chorocmaeul up for sale amid liquidity woes Samsung to unveil 1st triple-folding smartphone by year’s end to rival Huawei’s Mate X2 Tri-Fold IMM Credit closes $700 mn blind credit fund backed by NPS