New Delhi blocks Krafton’s Battle Ground Mobile India

New Delhi blocks Krafton’s Battle Ground Mobile India

The Indian government has ordered the country’s Alphabet Inc.'s Google Play Store and Apple Inc.’s App Store to delete South Korean ga...

Korean homegrown OTT platform Watcha up for sale

Korean homegrown OTT platform Watcha up for sale

South Korea’s over-the-top (OTT) platform Watcha Inc. is in talks with some companies to sell off its shares, according to investment banking ...

SK, Naver to launch cloud services for Korean public institutions

SK, Naver to launch cloud services for Korean public institutions

South Korea’s leading cloud computing and software services providers are slated to join forces to launch a service for smart working in Korea...

Kolon Global to spin off auto unit, eyes Kolon Mobility IPO in 2023

Kolon Global to spin off auto unit, eyes Kolon Mobility IPO in 2023

Kolon Global Corp., an affiliate of South Korean conglomerate Kolon, will spin off its car import business unit to improve management efficiency and...

DigitalBridge names Korean Tae Ahn as Asia capital formation head

DigitalBridge names Korean Tae Ahn as Asia capital formation head

DigitalBridge Group Inc., a US digital infrastructure investment firm, announced on July 19 it has appointed South Korean Tae E. Ahn as managing d...

SK Hynix puts $3.3 billion factory plan on hold amid global uncertainty

SK Hynix puts $3.3 billion factory plan on hold amid global uncertainty

SK Hynix Inc., the world’s second-largest memory chipmaker, has decided to hold off on a 4.3 trillion won ($3.3 billion) plan to build a new N...

LG to accelerate foray into WebOS TV platform market

LG to accelerate foray into WebOS TV platform market

South Korea’s LG Electronics Inc., the world’s second-largest TV manufacturer, is aiming for a tenfold increase in the number of TV vend...

NPS sees 14 investment managers resign by end-June

NPS sees 14 investment managers resign by end-June

National Pension Service (NPS) of South Korea sees as many as 14 professionals of its investment management arm resign by end-June of this year, acc...

Hansol Paper joins Series A funding for RIU worth $1.5 mn 

Hansol Paper joins Series A funding for RIU worth $1.5 mn 

Hansol Paper Co. announced Thursday that it participated as a strategic investor in a Series A funding worth 2 billion won ($1.5 million) for South ...

LG Elec. profit down on costs; automotive biz back in the black

LG Elec. profit down on costs; automotive biz back in the black

LG Electronics Inc., the global home appliance maker, suffered a lower profit in the second quarter on the back of rising commodity and logistics co...

HanmiGlobal wins $34 million Saudi Diriyah complex project

HanmiGlobal wins $34 million Saudi Diriyah complex project

HanmiGlobal Co., a South Korean construction project management (PM) company, said on Monday it has won a 44 billion won ($34 million) deal, part of...

NCSOFT publishes second ESG report with a playbook concept

NCSOFT publishes second ESG report with a playbook concept

NCSOFT Corp., a leading South Korean game developer, has published its second annual sustainability report using a playbook map concept. The re...

Translink: Startup fundraising barely affected by economic downturn

 Translink: Startup fundraising barely affected by economic downturn

Venture capital, or the business of investing in innovative private companies with growth potential, is a local endeavor most of the time.While this...

[ASK 2022]  Tailored strategies outperform in European credit market: Arrow Global

[ASK 2022]  Tailored strategies outperform in European credit market: Arrow Global

 As a leading European private credit asset manager, Arrow Global operates its own servicing platforms that most accurately fit E...

More LPs tap ex-Samsung Life professionals as CIOs

More LPs tap ex-Samsung Life professionals as CIOs

A number of financial experts who built their careers at Samsung Life Insurance Co. are in the spotlight as more South Korean pension funds and mutu...

POSCO to treble natural gas production in Australia by 2025

POSCO to treble natural gas production in Australia by 2025

South Korea’s POSCO International Co. plans to more than treble the natural gas production from the two gas fields of its newly-acquired Austr...

SK to invest $30 mn in ammonia-based power solutions developer Amogy

SK to invest $30 mn in ammonia-based power solutions developer Amogy

SK Innovation Co. announced Tuesday it will inject $30 million into Brooklyn-based Amogy Inc. The intermediate holding company of SK Group and ...

CJ Logistics steps up automated distribution system in SE Asia

CJ Logistics steps up automated distribution system in SE Asia

South Korea’s major logistics firm CJ Logistics Corp. is accelerating business expansion in Southeast Asia. It has started applying a homegrow...

LS Electric acquires Nokia’s power facility asset analysis platform

LS Electric acquires Nokia’s power facility asset analysis platform

LS Electric announced Wednesday it has acquired Nokia’s power facility asset analysis platform. The power solutions arm of South Korea&rs...

Ex-footballer’s startup QMIT raises $2.4 mn in Series A

Ex-footballer’s startup QMIT raises $2.4 mn in Series A

QMIT Inc., the operator of athlete management platform plco, announced Tuesday that it raised 3 billion won ($2.4 million) in Series A round funding...

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...

Venture capital heavyweights tighten belts after 13-year spending spree

Venture capital heavyweights tighten belts after 13-year spending spree

Venture capital firms at home and abroad are tightening their belts, following growing concerns over inflation and continued interest hikes by maj...

KKR closes Asia's largest credit fund at $1.1 bn

KKR closes Asia's largest credit fund at $1.1 bn

KKR & Co. on Wednesday announced the final close of its first Asia credit fund at $1.1 billion, the largest such fund focused on Asia.The privat...

Hankook Tire builds Asia’s largest proving ground for future car tires

Hankook Tire builds Asia’s largest proving ground for future car tires

Hankook Tire & Technology Co., South Korea’s top tire maker, said on Wednesday it has opened Asia’s largest proving ground to test t...

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...

Hanwha Systems joins hands with Italy's Leonardo for radar exports

Hanwha Systems joins hands with Italy's Leonardo for radar exports

South Korea’s Hanwha Systems Co. joined forces with Italy’s major defense maker Leonardo SpA on exports of advanced aircraft radars to i...

POBA targets upper-middle market in North America for PD investment

POBA targets upper-middle market in North America for PD investment

Public Officials Benefit Association (POBA) of South Korea will keep its conservative stance in both private equity and private debt investment, whi...

Korean companies rapidly embrace ESG in management standards

Korean companies rapidly embrace ESG in management standards

South Korea’s big companies are rapidly embracing environmental, social and governance (ESG) standards by launching a dedicated ESG team to me...

Startup accelerator D.Camp opens Busan office

Startup accelerator D.Camp opens Busan office

For the first time, South Korea’s startup accelerator D.Camp has opened an office in the port city of Busan. The joint effort between D...

Korea's top real estate managers bulk up assets in COVID-19

Korea's top real estate managers bulk up assets in COVID-19

Real estate funds in South Korea have increased by 27% to 130 trillion won ($101.4 billion) from 102 trillion won over the past two years, accordi...

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