Dongkuk buys 15% stake in Vietnamese steel fabricator

Dongkuk Steel Mill Co., South Korea’s leading color-coated steel manufacturer, said on Wednesday it has acquired a 15% stake in VSSC Steel Cen...

Korean drugmakers close to commercializing COVID-19 vaccine, pill

South Korea’s biopharmaceutical companies are close to commercializing a COVID-19 vaccine and treatment pill as they are on the brink of compl...

Affinity Equity to refinance Serveone to recoup investment

Affinity Equity Partners is in the process of raising 700 billion won ($565 million) to recapitalize South Korea's Serveone Co. in an attempt to rec...

COVID test kit maker SD Biosensor buys Italian medical device firm

SD Biosensor Inc., South Korea’s top manufacturer of COVID-19 test kits, said on Friday that it has signed a deal to purchase a 100% stake i...

Hyundai Rotem to kick off liquid hydrogen fueling station project

Hyundai Rotem Co., a South Korea’s railway system maker under Hyundai Motor Group, said on Friday that it has won a demonstration project to b...

Fractional copyright ownerships are securities: Seoul

Musicow Inc., South Korea's first music copyright trading platform, will come under regulatory scrutiny, after the country's top financial regulator...

Hyundai Motor expands partnership with quantum computing firm IonQ

IonQ and Hyundai Motor Co. announced a new project on Wednesday designed to apply quantum machine learning to image classification and 3D object det...

NPS’ shareholder meeting vetoes cast pall on its profitability

National Pension Service (NPS) of South Korea, the world's third-largest pension fund with 948.7 trillion won ($768.9 billion) in assets under man...

Global pension funds veto more of Korean firms' agendas

Global pension funds are expanding their influence as key shareholders of major companies in South Korea. Some of the world’s largest pensio...

South Korean conglomerates race to establish CVCs 

One after another, South Korea’s household name conglomerates are establishing corporate venture capital (CVC) firms under their holding compa...

One Store refiles IPO application, changing peer group list

One Store Co., investment firm SK Square Co.'s homegrown app store, is gearing up for an initial public offering to be held in May. The local app st...

Korean firms tapped to buy shoe parts supplier Texon

Southeast Asia-focused Navis Capital Partners is tapping South Korean companies and private equity firms to sell Texon, a Hong Kong-based footwear c...

US and German startups funded by Mirae Asset join ranks of unicorns

Mirae Asset Venture Investment Co. is forecast to rake in more than 400 billion won ($325 million) for its investment in Moloco Inc. Mirae As...

Warehouses pile financial burden on investment firms

South Korea’s logistics centers are ramping up the financial pressure on real estate investment firms. Previously a favored property type, i...

SK's biotech bets step closer to commercialization

Biotechnology startups in Europe, backed by South Korea's SK Inc., are speeding up their development of next-generation drug candidates by joining h...

Korea firms’ Shanghai plants to remain disrupted long on lockdown

South Korean companies’ production in Shanghai is expected to remain disrupted long on the lockdown to curb the spread of COVID-19, raising co...

SK Networks on hunt for one billion-dollar M&A target

South Korea's SK Networks Co. is looking for an acquisition worth over 1 trillion won ($816 million) to accelerate its shift away from trading and r...

LS Group may raise stake in LS-Nikko Copper to 90%

South Korea's LS Group is considering buying an additional stake in LS-Nikko Copper Inc. to boost its stake in the world’s second-largest elec...

Shinhan Card makes strategic investment in car sales platform

South Korea’s Shinhan Financial Group is intensifying its online car sales business through partnerships with online platforms. The group&rs...

Netmarble, NCSoft, Kakao, DoubleUGames on top publisher list

South Korea’s major tech companies such as Netmarble Corp., NCSoft Corp., Kakao Corp. and DoubleUGames were selected among the world’s m...

Hahn & Co. buys Korean food startup in bolt-on deal

Seoul-based private equity firm Hahn & Co. has acquired a South Korean meal kit provider for 75 billion won ($61 million), a deal expected to bo...

Samsung Biologics to raise $2.6 bn in rights issue

Samsung Biologics Co., a global contract development and manufacturing organization (CDMO) and a biotech division under the Samsung Group, is set ...

China’s tighter grip on minerals boosts costs for Korean battery makers

South Korea’s major battery makers and materials suppliers are suffering from soaring battery raw materials prices as China is tightening its ...

Korea Dongkuk targets record profit on Brazil CSP’s brisk earnings

Dongkuk Steel Mill Co., South Korea’s third-largest steelmaker, is expected to continue to benefit from the strong earnings of its Brazilian u...

Fila Korea: Hidden beneficiary of China’s guochao fashion trend

The burgeoning Chinese fashion fad, known as guochao, has pushed out or significantly reduced the popularity and influence of Western and other well...

S.Korea’s top securities firms enjoy high returns on fintech investment

South Korea’s startups raked in a record amount of investment last year, thanks to the number of unicorns reaching an all-time high.This was n...

Dongwon Industries becomes new holding firm of seafood conglomerate

Dongwon Group, South Korea’s leading seafood and logistics conglomerate, will undergo corporate restructuring with Dongwon Industries Co. emer...

Korean PE firm in exclusive talks to buy golf grip brand SuperStroke

South Korea's Daol Private Equity, formerly known as KTB Private Equity, is in exclusive talks to buy the entirety of SuperStroke, a US golf grips m...

Korea’s battery trio cornered by Chinese rivals’ overseas advance

China’s leading battery makers are actively advancing into overseas markets with plans to build manufacturing factories close to their clients...

Foreigners sell net $4 bn of shares in March, second only to Aug. 2021

Foreign investors in March sold a net 4.84 trillion won ($3.97 billion) worth of shares on South Korea's main bourse Kospi, their highest-ever mon...