Hyundai Motor previews Genesis GV60, its first electric luxury CUV
Hyundai Motor Co. on Thursday unveiled the design of the GV60, the luxury Genesis brand’s first electric vehicle that sits on the E-GMP, the...
AI startup Moloco raises near $150 million
Silicon Valley-based artificial intelligence startup Moloco Inc. has raised around 173.4 billion won ($148.1 million) in a recent funding round led ...
BlackRock Real Assets makes first Korean solar investment
BlackRock Real Assets, a unit of the world’s largest asset manager BlackRock Inc., has acquired an unspecified stake in Brite Energy Partners ...
S.Korea to launch first carbon credit ETFs in September
South Korea will launch its first set of carbon credit-themed exchange-traded funds (ETFs) next month, in a move to address the rising investor dema...
Hanwha Systems invests $300 million in UK satellite firm OneWeb
Hanwha Systems Co., the defense and air mobility unit of Hanwha Group, is investing $300 million in UK’s satellite communications firm OneWeb ...
Seoul property prices rise at world's fastest rate
The commercial real estate market in Seoul saw the fastest rate of price growth among all the gateway cities in the world over the past 12 months, w...
Korea's top VC says NFTs to emerge as promising investments
Non-fungible tokens (NFT) are poised to emerge as promising investments in the era of digital transformation once the global pandemic settles down, ...
NCSoft to launch Lineage W, first game with priority on global users
South Korea’s leading game developer NCSoft Corp. will be launching its latest massively multiplayer online role-playing game (MMORPG), Lineag...
Samsung unveils industry’s first 5 nm processor for wearable devices
Samsung Electronics Co. has unveiled a new Exynos processor for wearable devices, built with an advanced 5-nanometer extreme ultra-violet (EUV) proc...
Kia invests $9 mn in fintech startup Banksalad
South Korea's major automaker Kia Corp. is set to invest 10 billion won ($8.7 million) in Banksalad Co.'s Series D funding round as the company ai...
Mirae Asset step closer to full-fledged investment bank
Mirae Asset Securities Co. has become South Korea's first brokerage company to boost its equity capital to 10 trillion won ($9 billion), taking a st...
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...
S.Korean archers power to Tokyo victory with Win&Win bows
Last Friday, South Korea's An San became the first archer in Olympic history to win three gold medals at a single Games: the women's individual comp...
Canada’s CPPIB promotes Suyi Kim to global head of private equity
The Canada Pension Plan Investment Board (CPPIB) has named Suyi Kim, its Asia head, as the global chief of its private equity business, effective Se...
Samsung works on industry’s first 200-layer NAND as its Q2 profit jumps
Samsung Electronics Co. has made significant progress in developing a 200-layer vertical or V-NAND flash memory –the industry’s first &n...
Ahn becomes NPS' first CIO to enter 2nd extended term
Ahn Hyo-joon has become the first chief investment officer of the National Pension Service (NPS) to enter a second extended term, after leading the ...
PEFs claim one-third of S.Korea's M&A deals in H1
Private equity firms (PEFs) have participated in one in every three buyout deals involving South Korean companies in the first six months of the yea...
KOGAS attempts to expand LNG bunkering as global demand grows
Korea Gas Corp. (KOGAS) aims to expand liquefied natural gas (LNG) bunkering business as global demand for cleaner fuels for ships is growing.LNG bu...
KakaoBank, Krafton, other heavyweights set to sizzle in hot IPO season
South Korea’s initial public offering market is sizzling with KakaoBank Corp. and other big names set to go public in coming weeks amid expect...
Hyundai Honorary Chairman Chung inducted into Automotive Hall of Fame
Hyundai Motor Group Honorary Chairman Chung Mong-koo was inducted into the Automotive Hall of Fame (AHF) on Thursday, acknowledging his work in deve...
Sandbox Network sets up China affiliate for business expansion
South Korea’s largest multichannel network (MCN) company Sandbox Network Inc. has made another major step forward in expanding its China busin...
Hyundai Mobis targets in-vehicle healthcare with brainwave technology
South Korea’s top auto parts maker Hyundai Mobis has developed a new brainwave detection technology that monitors a driver's physical and psyc...
Shinsegae-Naver alliance to sell local-themed meal kits as first collaboration
Shinsegae Group and Naver Corp. have jointly devised their first retail business model in about four months after their long-term business agreement...
COVID-19 test kit supplier makes modest market debut
SD Biosensor Inc., the world's largest COVID-19 test kit seller, made a modest debut on the Korea Exchange on Friday, defying market expectations th...
Investors give warm welcome to Korean firms' capex hike for future growth
Capital raising through new share sales and debt to expand facilities wasn’t good news for investors as the move often led to a fall in share ...
BlackRock Real Assets makes first Korean offshore wind investment
BlackRock Real Assets, a unit of the world’s largest asset manager BlackRock Inc., has acquired a 100% equity stake in Korea Renewable Energy ...
Samsung courts image sensor leader Sony with new automotive products
Samsung Electronics Co., the world’s second-largest image sensor maker, is courting industry leader Sony Corp. with its new line of automotive...
Korea Investment raises $600 mn in first foreign currency bond issue
Korea Investment & Securities Co. raised $600 million in its first foreign currency bonds at lower-than-planned interest rates on strong demand....
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 household investment in stock assets up by 62.8% vs. Q1 2020
South Korean households over the last 12 months have vastly increased investments in both domestic and overseas stock markets, with the total invest...
