Malaysia, OCI’s base set to beat Chinese polysilicon rivals
SARAWAK, Malaysia – OCI Group, South Korea’s leading chemical and green energy conglomerate, is expanding its polysilicon facility in Ma...
Bet on innovations with societal impact: Kakao Ventures CEO
In the past 10 years, Kim Ki-jun has been on the hunt for deep technology startups that will have a significant societal impact, and he will continu...
Korean banking group's Q1 profits drop on ELS sales
The combined net profit at South Korea’s four largest financial services firms, including KB Financial Group, are estimated to have dropped ne...
Kakao Mobility to offer robot delivery service with LG
Kakao Mobility Corp., South Korea’s most popular ride-hailing app operator, will offer indoor robot delivery service with self-driving robots ...
Polestar 4 electric SUV coupe to hit South Korean roads in June
The Polestar 4 electric sport utility vehicle (SUV) coupe is set to make its debut in South Korea in June and targets deliveries from October, Swedi...
Hanjin KAL to sell Waikiki Resort Hotel to Sono for $101 mn
Hanjin KAL Corp., the holding firm of South Korean flag carrier Korean Air Lines Co., is set to sell a 100% stake in its Hawaii-based subsidiary Wai...
HD Hyundai Electric likely to join MSCI Korea: Samsung Securities
HD Hyundai Electric Co., Alteogen Inc. and Enchem Co. are expected to be invited to join Morgan Stanley Capital International’s Korea Index wh...
MBK eyes stake in Korean software developer Tmaxsoft
North Asia-focused private equity firm MBK Partners is eyeing shares of South Korean enterprise software developer Tmaxsoft Co. around two years aft...
Kakao Entertainment, Billboard to collaborate for K-pop
South Korea's Kakao Entertainment Corp., a unit of mobile platform giant Kakao Corp., partnered with the renowned US music magazine Billboard on W...
Samsung shifts to emergency mode with 6-day work week for executives
Executives at all Samsung Group units will work six days a week from as early as this week in a shift to emergency mode. The move comes as the won's...
S.Korean game developers to utilize idol group IPs
Kakao Games Corp., a game publishing unit of South Korean tech giant Kakao Corp., signed a licensing deal with SM Entertainment Co. to utilize idol ...
Affinity to buy SK Rent-a-Car at $572 mn, more deals expected
Affinity Equity Partners is set to buy SK Rent-a-Car Co., South Korea’s No. 2 car leasing company, at some 800 billion won ($572 million), rai...
Kakao joins open-source community AI Alliance
Kakao Corp. announced on Friday that it joined the global open-source community The AI Alliance to support AI research and development.Established i...
SK Innovation reshuffles units to raise value
SK Innovation Co., South Korea’s top energy company, is reorganizing its subsidiaries to boost their individual values through independent man...
LG Group’s AI academy to foster young talent bears fruit
On April 6, at LG Inwhawon, called LG Academy in English, in Icheon, Gyeonggi Province, 99 college students and twenty-somethings were wrestling wit...
Kakao Entertainment seeks restructuring, closer ties with Piccoma
South Korea's Kakao Entertainment Corp., a unit of mobile platform giant Kakao Corp., is seeking renewed growth through corporate restructuring and ...
Korean big tech firms join Korea’s AI strategy council
The South Korean government has launched an artificial intelligence strategy council, jointly with domestic big tech firms such as Naver Corp. and K...
Hanwha's holding firm to hive off non-core businesses
Hanwha Corp., the holding company of South Korea’s chemicals-to-defense conglomerate, will hive off its wind power and offshore plant building...
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...
Avalve to export $1.5 mn smart farm solution to Vietnam
South Korea's smart farm startup Avalve announced on Friday that it signed a total of $1.5 million in memorandums of understanding (MOUs) with Vietn...
Shinhan Securities leads M&A of Trench Group
South Korea's Shinhan Securities announced on Friday that it participated as the lead underwriter in the merger and acquisition deal of Trench Group...
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 ...
POSCO new chief vows to keep fostering battery materials business
POSCO Holdings Inc.'s new Chairman Chang In-hwa on Thursday pledged to keep fostering its electric vehicle battery materials business, the group&rsq...
Lotte Group to give more authority to outside directors
Food-to-retail conglomerate Lotte will expand the authority of outside directors by separating the roles of chief executives and board chairs at its...
LG injects $97 mn into Vista Equity’s fund for new tech investments
LG Group, South Korea’s fourth-largest conglomerate, injected $97 million into a fund run by Vista Equity Partners Management LLC for investme...
Hanjin, Tuushin Group to co-work for logistics in Mongolia
South Korea's Hanjin Transportation, a logistics unit of Hanjin Group, announced on Wednesday that it signed a memorandum of understanding (MOU) wit...
Samsung invests in BrickBio in US
Samsung Group announced on Tuesday that its Life Science Fund has invested in the US-based antibody-drug conjugates (ADC) and gene therapy technol...
Korea business lobby group eyes tax reform in new parliament
The Korea Enterprises Federation will reinforce efforts to win lawmakers’ nod to its long-desired campaign to slash corporate taxes and inheri...
Samsung C&T defeats activist funds in proxy battle
Activist funds arm in arm to demand higher dividends from Samsung C&T Corp. got defeated in a proxy fight against the de facto holding firm of S...
Tmax Group to draw more than $572 mn to buy back Tmaxsoft
South Korea's leading software company Tmax Group is set to draw at least 750 billion won ($572.3 million) and a maximum of 1 trillion won from Seou...
