Daesung PE tops Korean venture funds by return in 2018-2023
Daesung Private Equity Inc. in South Korea has become the top local venture capital manager in terms of realized capital gain between 2018 and 2023,...
SK D&D, Habyt to cooperate for residential business
SK D&D Co., a real estate unit of South Korea’s SK Group, announced on Tuesday that it signed a memorandum of understanding (MOU) with the...
LH issues $193 mn Brazilian bonds
Korea Land & Housing Corporation (LH) announced on Tuesday that it had issued Brazilian real-denominated bonds worth approximately 270 billion w...
S.Korea asks savings banks to raise capital to avoid crisis
South Korea’s top financial regulator advised about 10 local savings banks in trouble to increase their capital by the end of this month to pr...
Korean lidar venture SOSLab eyes Kosdaq debut in May
South Korean light detection and ranging (lidar) startup SOSLab aims to debut on the junior bourse Kosdaq in May, according to banking sources on Su...
Paradigm Shift attracts $290k seed bridge investment
Paradigm Shift, the operator of the exercise diary app for middle-aged women Heroines, announced on Monday that it attracted a seed bridge investm...
Coupang to raise membership fees, 1st hike in over 2 years
Coupang Inc., South Korea’s largest e-commerce platform, said on Friday it will raise membership fees 58.1% to 7,890 won ($5.7) per month as i...
Bio startup ArtBlood attracts $4.8 mn investment
South Korean bio startup ArtBlood, specializing in blood production for transfusion, announced on Tuesday that it successfully secured an investment...
Carlyle’s Rubenstein sees commercial real estate undervalued
The US commercial real estate market is undervalued relative to other sectors amid elevated interest rates, while Big Tech stocks could take a breat...
Goldman Sachs names Choi Seoul office chief
Global investment bank Goldman Sachs said on Monday that it has named managing director Choi Jae-joon as the new chief of its Seoul office.Choi lead...
Korean companies’ 2024 facility investment doubles to $39.4 billion
South Korea’s major companies invest heavily in facilities to seek new growth engines and drive up their corporate value amid tough business c...
Samsung to more than double chip investment in Texas
Samsung Electronics Co. plans to more than double its total semiconductor investment in Texas to about $44 billion to add an advanced semiconductor ...
Korean firms' bond sales hit record in Q1 amid rate cut signal
Corporate bond issuance in South Korea hit a record in the first quarter of this year amid growing expectations of the Federal Reserve’s rate ...
S.Korea’s current account surplus near 3-year high on chips
South Korea’s current account surplus touched a near three-year high in February as goods exports continued to grow on strong overseas sales o...
Korea’s Shinhan to invest $180 mn in India’s HDFC Credila
South Korea’s Shinhan Bank is set to invest $180 million in HDFC Credila Financial Services Ltd., India’s largest education loan provide...
LG’s $5.5 billion LFP, ESS battery plants in Arizona to kick off in 2026
LG Energy Solution Ltd., the world’s second-largest battery maker, said on Thursday its 7.2 trillion won ($5.5 billion) battery complex in Ari...
Hyosung TNC to invest $1 bn in new bio-fiber plants in Vietnam
Hyosung TNC Corp., the world’s top spandex maker, plans to invest $1 billion in new bio-textile materials plants in Vietnam to accelerate its ...
Sandy Floor gets seed round from Kakao Ventures
South Korea’s casual multiplayer game developer Sandy Floor Games announced on Wednesday that it got a seed round investment from Kakao Ventur...
Hanwha Aerospace to spin off non-core units to focus on defense business
Hanwha Aerospace Co., South Korea’s answer to Elon Musk’s SpaceX, is spinning off its non-core units to focus on defense and aerospace b...
Korea's Military Mutual Aid Association starts search for new CIO
South Korea’s Military Mutual Aid Association (MMAA), which managed 10.4 trillion won ($7.7 billion) in assets as of the end of 2023, said on ...
AhnLab to form joint venture with Saudi SITE
AhnLab Inc., South Korea's information security solutions company, announced on Monday that it signed an agreement to establish a joint venture (JV)...
NH Investment gets APEC Cross Border Privacy Rules
South Korea's NH Investment & Securities announced Friday that it obtained the global personal information protection certification APEC Cross-B...
Korea’s factory output rebounds in February on chip recovery
South Korea’s factory activity last month bounced back in three months thanks to strong recovery in the country’s semiconductor sector b...
Korea yet to join global bond index for capital inflows
South Korea has so far failed to be included on a global major bond index, denting hopes for capital inflows into Asia’s fourth-largest econom...
LG Electronics spins off X-UP, 4 other in-house venture firms
LG Electronics Inc. said on Thursday it is spinning off five promising in-house venture firms as separate entities to strengthen South Korea’s...
Hyundai Motor aims for next takeoff with $51 billion investment
Hyundai Motor Group plans to spend 68 trillion won ($51 billion) and hire 80,000 new employees over three years as South Korea’s top automaker...
LG Group earmarks $74 bn for 5-year investment in Korea
LG Group, South Korea’s No. 4 conglomerate, on Wednesday announced a plan to invest 100 trillion won ($74 billion) through 2028 in its future ...
Euroclear to trade S.Korean treasuries via omnibus account from June
The National Tax Service (NTS) of South Korea said on Tuesday that Euroclear Bank SA/NV and Clearstream Banking S.A., two major clearing houses for ...
Korea’s POSCO Int’l to work on CCUS, hydrogen businesses
POSCO International Corp., the general trading and resources exploration subsidiary of South Korea’s steel giant POSCO Holdings Inc., aims to ...
SM Entertainment founder invests $5.2 million in Mindlogic
K-pop pioneer SM Entertainment Co.'s founder and former Chief Producer Lee Soo-man is expected to invest up to 10 billion won ($7.5 million) in Mind...
