KB, Hana drive major S.Korean overseas banking profits lower

KB Kookmin Bank and Hana Bank led weaker earnings of the four largest South Korean lenders’ overseas units last year although their rivals Shi...

LB Investment draws record demand from individual investors

LB Investment Inc., a venture capital firm associated with the LG founder's family, has achieved a remarkable competition rate of over 1,000 to 1 fo...

S.Korean LPs name 41 best alternative asset managers

Blackstone, Hamilton Lane, HarbourVest Partners and Audax Private Equity were jointly named the most preferred PE firms by South Korean institutional ...

SK Pharmteco again seeks $382 mn in pre-IPO funding

SK Pharmteco Co., a contract development and manufacturing organization (CDMO), is eyeing pre-initial public offering funding again after it dropped...

Samsung gets $191 million profit valuation from investment in Rainbow Robotics

Samsung Electronics Co. is found to have earned 250 billion won ($191 million) in profit valuation from its investment made two months ago in Rainbo...

Korean aircraft maker KAI earmarks $3.4 bn in R&D investment by 2032

Korea Aerospace Industries Ltd. (KAI), South Korea’s sole military aircraft manufacturer, is set to pour 4.5 trillion won ($3.4 billion) into ...

LG Elec to spend over $4 bn on capex in 2023, biggest in a decade

LG Electronics Inc. has decided to go bold to widen the technology gap with its rivals, with its biggest capital expenditure in a decade of more tha...

Korea to ease foreign ownership limit rules; MSCI upgrade eyed

South Korea plans to ease regulations that limit foreign ownership of big companies deemed crucial to its economy as the government aims to align it...

MBK to acquire Korea’s top FCCL maker NexFlex for $407 mn

MBK Partners agreed to buy NexFlex Co., South Korea’s top flexible copper-clad laminates (FCCL) producer, as the leading Northeast Asian priva...

Samsung Biologics to invest $1.5 bn for 5th CDMO factory

Samsung Biologics Co. is slated to inject 2 trillion won ($1.5 billion) to build its fifth plant in South Korea. It will be a fast follow-up investm...

ESG: Name of the game in investing, funding amid Korea’s green push

With South Korea’s aggressive green push at both the government and corporate levels, money is flowing back to environmental, social and gover...

LB Investment draws record demand in IPO bookbuild

LB Investment Inc., formerly known as LG Group’s venture capital arm, has attracted the most orders ever for an initial public offering of a S...

Sales of state-sponsored Korean startups up 40% in 2022

South Korean startups sponsored by the government’s information and communication technology acceleration program, dubbed K-Global Project, sa...

S.Korea’s NPS taps investment strategy head as NY office chief

South Korea’s National Pension Service (NPS) is slated to undergo a management reshuffle for the first time since Chief Investment Officer Seo...

Naver D2SF invests in 3D avatar-based communication startup

Naver's startup-nurturing organization, D2 Startup Factory (D2SF), announced on Wednesday its investment in Goodgang Labs, a company focused on de...

TravelWallet succeeds in attracting $15 mn Series C funding

South Korea's TravelWallet, a global payment service provider, announced on Wednesday that it has raised 19.7 billion won ($15 million) in Series C ...

Global macro investing to revive for more volatile age: M&G

The value of investments will fluctuate, which will cause prices to fall as well as rise and investors may not get back the original amount they inv...

South Korea says US Chips Act subsidies have too many requirements

SEOUL—The U.S. Chips Act is dangling billions of dollars in subsidies in front of the world’s biggest semiconductor manufactur...

S.Korea's Prestige Biologics attracts $59 mn overseas investment

Prestige Biologics Co., a South Korean biopharmaceutical contract development and manufacturing organization (CDMO) company, announced on Tuesday th...

S.Korean biotech NKMax’s unit aims for US IPO

NKMax Co., a South Korean cancer drug maker, is in talks with local and foreign investors in a bid to list its California-based unit NKGen Biotech I...

Qoo10 to buy another Korean rival for unit’s Nasdaq listing

Southeast Asia-based e-commerce platform Qoo10 Pte. Ltd. is poised to take over a smaller South Korean rival through a stock swap deal, in a bid to ...

Samsung’s Jay Y. Lee walks on tightrope in US, China investments

BEIJING – Samsung Group leader Jay Y. Lee plans to attend the China Development Forum later this month for the first time as the South Korean ...

S.Korean sovereign wealth fund KIC to set up Mumbai office

Sovereign wealth fund Korea Investment Corporation (KIC) has kicked off procedures to open a Mumbai-based office later this year, The Korea Economic...

LG Uplus offers foreign language chat service for customers

LG Uplus Corp., a South Korean telecom operator of LG Group, said on Tuesday that it had launched a foreign language chat service for its customers,...

Samsung chief Lee vows bold investment to bolster chip R&D capabilities

Samsung Electronics Co. Chairman Jay Y. Lee pledged another bold investment in the world’s largest memory chipmaker’s next-generation se...

KB Financial Group injects $385.6 million into S.Korea’s real estate PF

South Korea’s KB Financial Group on Monday said it will provide liquidity support for the domestic market for real estate project financing (P...

H2O Hospitality signs MOU with Ministry of Investment of Saudi Arabia

H2O Hospitality Ltd., a South Korean company specializing in digital transformation in the hospitality and leisure industries, announced on Monday t...

Samsung Chairman Jay Y. Lee pledges more anonymous donations

“I want to actively participate in volunteer work but it isn't easy because my face is known.”Samsung Electronics Co. Chairman Jay Y. Le...

Hyundai E&C consortium breaks ground on $7 bn S-Oil Shaheen project

A South Korean consortium led by Hyundai Engineering & Construction Co. has embarked on building 9.26 trillion won ($7 billion) petrochemical fa...

Korea's StoneBridge Ventures invests $91 mn in semiconductor, AI

South Korean venture capital investment firm StoneBridge Ventures Inc. announced on Thursday that it has invested a total of 120 billion won ($90.9 ...