Hyundai to invest $923 million on self-driving JV Motional

Hyundai Motor Group, the world’s third-largest automaker, is set to spend nearly $1 billion on Motional, its loss-making self-driving joint ve...

S.Korea’s Lotte Card injects $68 mn into Vietnamese unit

Lotte Card Co., South Korea’s No. 5 credit card issuer, has injected $68 million into its Vietnamese unit to expand its business in the Southe...

SK Geo reconsiders extent of $1.3 bn plastic recycling plant project

South Korea’s SK Geo Centric Co. is reconsidering how much it will invest in a planned $1.3 billion waste plastic recycling complex project in...

Taeyoung E&C kickstarts debt workout with loan sale to IGIS

Creditors to Taeyoung Engineering & Construction Co. (Taeyoung E&C) gave the go-ahead to a debt workout program for the cash-strapped South ...

Overseas projects boost Korean builders’ earnings; GS profit cut in half

Large-scale overseas construction projects boosted major Korean builders’ quarterly results while lackluster domestic construction work, coupl...

US multifamily market challenges create investment opportunities

There is potential distress in the U.S. multifamily housing sector today.  we believe there is a window of opportunity over the next 12-18 mont...

STIC Investments to sell Korea’s top mobile coupon platform

Seoul-based private equity firm STIC Investments is set to sell Coop Marketing, South Korea’s largest mobile coupon platform company that oper...

Korea’s factory output backpedals, but spending recovers in March

South Korea’s factory activity weakened in March on a fall in manufacturing output, stoking concerns about Asia’s fourth-largest economy...

Etech System attracts $130 mn investment

South Korea's integrated IT solution consulting company Etech System attracted an investment of 180 billion won ($130 million) from private equity f...

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...

NPS to commit $1.1 billion to external managers in 2024

South Korea’s National Pension Service (NPS) will select domestic general partners (GPs) to manage about 1.5 trillion won ($1.1 billion) worth...

Navigating choppy waters: Dollar-won FX forecasting  

Late last year, when the Korean won traded at 1,288 per dollar, most market analysts and economists predicted that the Korean currency would regai...

S.Korea's Andar strengthens tech alliance with LYCRA Company

The athletic-leisure brand Andar Co. announced on Friday that it will strengthen its technological alliance with the LYCRA Company, the world's larg...

Hyundai Glovis expects better 2024 after beating market in Q1

Hyundai Glovis Co. expects an improvement in earnings this year from last year after reporting better-than-expected sales and operating profit in th...

CJ Olive Young opens Hongdae Town for K-beauty experience

CJ Olive Young Corp., South Korea’s top beauty store chain, announced on Thursday that it will open Olive Young Hongdae Town, a specialty stor...

SK Hynix, latest chipmaker to emerge victorious with record Q1 sales

SK Hynix Inc., the world’s second-largest memory chipmaker after Samsung Electronics Co., said on Thursday it has swung to a profit in the fir...

SK Hynix to invest $14.6 bn to build HBM plant in S.Korea

SK Hynix Inc. will spend 20 trillion won ($14.6 billion) to build a new memory chip manufacturing plant on a site originally designated to build a N...

Hyundai launches the ST1, its 1st electric work van with futuristic styling

South Korea’s top automaker Hyundai Motor Co. said on Wednesday it is launching the ST1, its first fully electric work van that can be retrofi...

OCI to invest up to $1.5 bn in Malaysia’s polysilicon plant

KUALA LUMPUR -- OCI Holdings Co., South Korea’s leading chemical and green energy company, plans to invest up to 2 trillion won ($1.5 billion)...

Alibaba eyes 1st investment in Korean e-commerce platform

China's Alibaba Group Holding Ltd. is likely to make its first investment in a South Korean online shopping platform as it aims to gain a competitiv...

NPS loses $1.2 bn in local stocks in Q1 on weak battery shares

South Korea’s National Pension Service (NPS), the world's third-largest pension fund, lost 1.66 trillion won ($1.2 billion) in domestic stock ...

Koramco, Fi-public to collaborate on mobile REIT investment

South Korea's Koramco REITs Management and Trust announced on Friday that it plans to launch a personal REIT investment service utilizing a mobile p...

LG Uplus to ramp up AI investment by up to 40% in 2024

SILICON VALLEY – LG Uplus Corp., the third-largest mobile carrier in South Korea seeking to transform into a platform company, will expand its...

Korea to offer $5 bn insurance for defense exports

South Korea will provide more than 7 trillion won ($5 billion) in insurance this year for domestic defense companies' exports as the country aims to...

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,...

Doosan, LG unveil automated EV charger served by robot

Doosan Robotics Inc. and LG Electronics Inc. have jointly developed an automated electric vehicle charger served by a robot and launched its pilot o...

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...

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...

LG, Hyundai seek to deepen vehicle system partnership

LG Group units, including LG Electronics Inc. and LG Innotek Co., are in talks with Hyundai Motor Group to expand collaboration on vehicle systems, ...

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...