Hyundai Oilbank revives IPO push, expands blue hydrogen business

Hyundai Oilbank revives IPO push, expands blue hydrogen business

South Korean refiner Hyundai Oilbank Co. is seeking to list its shares on the local bourse next year, according to its parent Hyundai Heavy Industri...

Service marketplace Soomgo raises nearly $30 mn in Series C round

Service marketplace Soomgo raises nearly $30 mn in Series C round

South Korea-based Brave Mobile Inc., the operator of service matching platform Soomgo, has secured 32 billion won ($28.6 million) in a Series C fund...

Nature Holdings beats Shinsegae, CJ to join TaylorMade deal

Nature Holdings beats Shinsegae, CJ to join TaylorMade deal

The Nature Holdings, a South Korean importer of popular apparel brands such as National Geographic, Jeep, NFL and Vera Wang, has been chosen as the ...

Naver vs. Kakao: Global webtoon duel extends into Southeast Asia

Naver vs. Kakao: Global webtoon duel extends into Southeast Asia

The global webtoon battleground between South Korea's leading platforms Naver Corp. and Kakao Corp. has expanded into Southeast Asia with each compa...

Govt pension fund to ease due diligence to revive global deals

Govt pension fund to ease due diligence to revive global deals

South Korea's Government Employees Pension Service (GEPS) has abandoned its onsite only due diligence requirements on alternative deals in an effort...

Hyundai, SK, POSCO, Hyosung agree to launch Korea’s hydrogen council

Hyundai, SK, POSCO, Hyosung agree to launch Korea’s hydrogen council

Hyundai Motor Group and three other South Korean conglomerates have agreed to launch an industry-wide consultative body on hydrogen, underscoring an...

Samsung SDI mulls EV battery JV in US; partnership with global automaker

Samsung SDI mulls EV battery JV in US; partnership with global automaker

Samsung SDI Co., one of South Korea’s top three electric vehicle battery makers, is considering launching a battery production joint venture i...

Hanwha Systems’ $1 bn rights offer oversubscribed; investors to book gains

Hanwha Systems’ $1 bn rights offer oversubscribed; investors to book gains

South Korea’s Hanwha Systems Co. is set for a successful rights offering as the defense and air mobility unit of Hanwha Group has garnered str...

Citibank alludes to S.Korean retail business closure

Citibank alludes to S.Korean retail business closure

Citibank Korea will begin to examine ways to gradually liquidate its consumer banking business as it faces difficulties in selling the retail operat...

Camera module supplier Partron eyes record sales, considers affiliate IPO

Camera module supplier Partron eyes record sales, considers affiliate IPO

South Korea’s Partron Co., specialized in electronic parts for telecommunication devices, started as a mobile phone antenna maker in 2003 afte...

HYBE raises $400 mn in a move to diversify BTS-dependent portfolio

HYBE raises $400 mn in a move to diversify BTS-dependent portfolio

HYBE Co., the global entertainment powerhouse behind BTS, has successfully closed its previously announced rights offering to raise 445.5 billion wo...

LG Electronics expands overseas appliance plants as it exits phone business

LG Electronics expands overseas appliance plants as it exits phone business

LG Electronics Inc. is expanding its overseas production facilities as the South Korean home appliance giant is shifting gears toward new growth dri...

Korea’s OCI to return to highest profit in decade on rising polysilicon prices

Korea’s OCI to return to highest profit in decade on rising polysilicon prices

OCI Co., a South Korean chemical and green energy company, has been in the red for years, weighed by weak prices of its mainstay product polysilicon...

Global automakers accelerate EV push as chip shortage eases

Global automakers accelerate EV push as chip shortage eases

Global auto companies are moving forward with their electric vehicle (EV) and other future mobility initiatives as the global semiconductor shortage...

HYBE x McDonald’s: The BTS Meal launches globally

HYBE x McDonald’s: The BTS Meal launches globally

McDonald’s has launched The BTS Meal on May 26 in the first selected group of 12 markets including Brazil, Canada and the US. The BTS meal is ...

POSCO chairman: Future at stake without co's hydrogen push

POSCO chairman: Future at stake without co's hydrogen push

Choi Jeong-woo, chairman of POSCO, South Korea’s largest steelmaker, said it’s no exaggeration to say that the company’s future is...

Hyundai Motor’s new XCIENT truck raises hydrogen game in Europe

Hyundai Motor’s new XCIENT truck raises hydrogen game in Europe

South Korea’s top automaker Hyundai Motor Co. has unveiled an upgraded version of its fuel cell truck XCIENT, turning up the heat on rivals in...

Concurrent deal closings by Kakao, Naver: Mere coincidence?

Concurrent deal closings by Kakao, Naver: Mere coincidence?

Early this month, when Anchor Equity Partners was in intense negotiations with Kakao Corp. over the terms of its 600 billion won ($530 million) inve...

Kakao Japan secures over $500 mn from Anchor Equity; valuation tops $7 bn

Kakao Japan secures over $500 mn from Anchor Equity; valuation tops $7 bn

Kakao Corp.’s Japanese unit is set to secure 600 billion won ($530 million) from South Korea-based private equity firm Anchor Equity Partners....

LG Chem's water filter business thrives amid high demand in Middle East

LG Chem's water filter business thrives amid high demand in Middle East

LG Chem Ltd., the parent company of South Korea’s leading battery maker LG Energy Solution Co., is enjoying a strong rise in demand for its wa...

Chat fiction app operator eyes global expansion, webtoon market

Chat fiction app operator eyes global expansion, webtoon market

As smartphones have become essential to everyday life, chat fiction -- storytelling in the form of fictional text messaging -- has become popular am...

Korean pension funds eye non-core global real estate

Korean pension funds eye non-core global real estate

South Korea's Government Employees Pension Service (GEPS), Public Officials Benefit Association (POBA) and Military Mutual Aid Association (MMAA) ar...

Woori Financial takes over Franklin Templeton’s retail fund business

Woori Financial takes over Franklin Templeton’s retail fund business

Woori Financial Group has been selected to acquire Franklin Templeton Investments’ retail fund business in South Korea, less than a month sinc...

Samsung to invest $151 bn in foundry by 2030, up 28.5% from initial plan

Samsung to invest $151 bn in foundry by 2030, up 28.5% from initial plan

Samsung Electronics Co. will invest 171 trillion won ($151 billion) by 2030 to take over the global foundry leadership from its archrival TSMC. The ...

Hanwha Group secures $4.4 bn from KDB to finance ESG business

Hanwha Group secures $4.4 bn from KDB to finance ESG business

South Korea’s Hanwha Group has clinched a 5 trillion won ($4.4 billion) commitment from the state-run Korea Development Bank over the next fiv...

S.Korea: 11th in global export market for top-ranked items

S.Korea: 11th in global export market for top-ranked items

South Korea ranks 11th in global export market shares with 69 top-ranked items -- reaching an all-time high In 2019, South Korean products ranked 1...

Korean investors in renewed push for global property deals

Korean investors in renewed push for global property deals

South Korea's IGIS Asset Management Co. and Hana Financial Investment Co. have acquired a 49% stake in the headquarters of the US mortgage lender Fa...

Korean pharmas may turn into global vaccine makers on Biden remarks

Korean pharmas may turn into global vaccine makers on Biden remarks

South Korea’s biosimilar and pharmaceutical companies are looking at a growing chance of emerging as a global hub for manufacturing vaccines f...

Korea’s major firms look for M&A targets in battery materials business

Korea’s major firms look for M&A targets in battery materials business

South Korea’s major companies are looking for merger and acquisition opportunities in the rechargeable battery materials sector, which is grow...

Korean Air joins race for flying car business to rival Hyundai, Hanwha

Korean Air joins race for flying car business to rival Hyundai, Hanwha

Korean Air Lines Co. is entering into the business of urban air mobility (UAM), which is emerging as one of the most futuristic modes of transportat...

Hanwha Systems to compete with LIG Nex1 for Korean version of Iron Dome NH, KB Securities, Kookmin Bank, Kim & Chang lead capital markets in H1 From G-Dragon to Ibuki: Dongmyo emerges as global fashion hotspot Hyundai helps Korean economy most with $265 bn contribution South Korea issues €1.4 billion in largest-ever euro bond sale