SK Group expands foothold in Southeast Asia fintech sector
South Korea’s energy and telecom conglomerate SK Group is aggressively strengthening its foothold in the Southeast Asian fintech business.SK S...
MBK sees new opportunities in China's regulatory risk
China's regulatory crackdown on Chinese technology and private education companies is driving up the level of volatility and creating mispricing in ...
Hyundai quadruples sales of eco-friendly cars in US
Hyundai Motor Co. has sold more than four times of eco-friendly cars in the US compared to last year. The company said on Aug. 5 that the number of ...
LG Group to put facility management unit of S&I Corp. up for sale
South Korea’s LG Group will put the facility management division of its affiliate S&I Corp. up for sale amid talk that a sale of the unit ...
F&F may pay $350 mn for TaylorMade without Korean sales license
South Korean outdoor clothing retailer F&F Co. may not be able to sell apparel of TaylorMade Golf Co. in the country even after a $350 million t...
Hyundai, Kia US sales slower despite strong growth
Hyundai Motor Group reported a near 30% rise in US sales last month, but the growth is decelerating as the world’s second-largest automobile m...
Samsung Group joins Kakao in Bank of Korea’s digital currency project
Samsung Group will be working together with Kakao Corp. on the digital currency simulation project led by South Korea’s central bank. Accordin...
Daewoong Pharmaceutical aims to top $4 bn in sales by 2027
South Korea-based Daewoong Pharmaceutical Co. is hoping to achieve 5 trillion won ($4.4 billion) in sales by 2027, meaning that the company aims to ...
MBK seeks to exit Japan's top golf course operator
MBK Partners, a North Asia-focused private equity firm, is seeking to exit Japan's largest golf course operator Accordia Next Golf to capitalize on ...
Hahn & Co’s $270 mn deal to buy Namyang Dairy at risk of collapse
South Korean private equity (PE) firm Hahn & Co.’s deal to acquire Namyang Dairy Products is at risk of collapse as the owner and his fami...
SK Hynix sees robust chip demand for rest of year after strong Q2 sales
SK Hynix Inc., the world’s second-largest memory chipmaker, on Tuesday posted its highest quarterly profit and sales in nearly three years on ...
GS Energy to sell half of thermal power plant unit to IMM
GS Energy Corp., an intermediate holding company of South Korea's GS Group, is in the final stages of talks to sell a 50% stake in its wholly-owned ...
Surging global used car demand brightens Hankook Tire outlook
The global tire industry is enjoying a boom driven by fast-growing used car demand in the world. Hankook Tire & Technology is seen as a key bene...
China, S.Korea top BofA's emerging markets list
South Korea was picked as one of the two most attractive emerging markets along with China thanks to the country's fast digitization and low vulnera...
Delta variant, rate hike views hurt Korean lower-rated corporate bond sales
South Korean companies with low credit ratings around BBB are suffering weaker demand in the primary market. A spread in the Delta coronavirus varia...
Nintendo Korea logs record-high revenue despite boycott of Japanese goods
Japanese video game giant Nintendo Co. posted an all-time high revenue in South Korea last year despite consumers boycotting Japanese products. The ...
Kakao’s Ground X to work on Korea central bank digital currency initiative
Kakao Corp.’s blockchain arm Ground X was selected as a simulator for the Bank of Korea-led central bank digital currency (CBDC) project, beat...
KDB seeks to sell $2.3 bn CBs in HMM to lay groundwork for stake sale
The state-run Korea Development Bank (KDB) is seeking to sell 2.6 trillion won ($2.3 billion) in perpetual convertible bonds issued by HMM Co., th...
Korea’s auto parts makers post record revenues in 2020
South Korea’s auto components makers posted another year of strong sales in the global market last year, according to the Detroit-based Automo...
Strong China sales lift Cosmax shares 20% in two months
Korea’s leading cosmetics manufacturer Cosmax Inc.’s share price is skyrocketing this year, thanks to the company's strong performance i...
Korea's first-generation retail platform Interpark up for sale
South Korea-based Interpark Corp., one of the country’s first-generation online retail platforms, is up for sale. According to the invest...
Korea's automobile exports log double-digit growth between Jan and May
Automobile exports log double-digit growth for five straight months In May 2021, exports of automobiles nearly doubled compared to the year-earlier...
Celltrion, Samsung Bioepis anticipate increased biosimilar sales in Europe
South Korean biosimilar companies such as Celltrion Inc. and Samsung Bioepis Co. are likely to see their sales hike by tens of millions of dollars...
Korean banks enter digital asset custody market in quick succession
Woori Financial Group has become South Korea’s third major banking group to enter the digital asset custody service (DACS) market, following K...
Baring PEA exits from Korean delivery firm in eight years
Baring Private Equity Asia has finally cashed out of South Korea's No. 5 parcel delivery company with a double-digit return, in eight years since it...
STIC to cash in on Aug IPOs following HYBE block sale
South Korea's private equity firm STIC Investments Inc. is tipped to be one of the main beneficiaries of upcoming initial public offerings in the co...
No.1 K-pop goods maker Copan Global eyes digital expansion
The world of K-pop is globally known for offering a truly wide selection of merchandise items for fans. While balloons were the only goods used by t...
Naver says it's constructing world’s first robot-friendly building
The world’s first “robot-friendly” building will complete construction in the second half of this year by South Korea’s tech...
Hyundai Motor to adopt digital twin in latest move of virtual technology use
Hyundai Motor Group plans to adopt digital twin technology, which allows the automaker to make a digital replica of a real car for simulation not ...
Hyundai Motor, Kia report record-high H1 sales in US
Hyundai Motor Group’s auto units posted all-time high sales in the first half of 2021 in the US market. According to the industry on July 2, H...
