Ukraine woes, global tightening knock down Asian stocks
Asian stock markets lost ground on Monday with South Korea’s main shares down to their lowest level in more than two weeks as rising tensions ...
Samsung’s Galaxy S22 Ultra: Setting new smartphone standard
Samsung Electronics Co. on Wednesday announced new additions to its Galaxy S series models as the world’s top smartphone maker by volume faces...
Conglomerates fight to keep their contents from 'NFT hunters'
South Korea’s retail giant Shinsegae Inc. was recently tipped off that its marketing character JRilla is available for trade on New York-based...
Seoul launches investment promotion agency for FDI expansion
The city of Seoul launched Invest Seoul on Feb. 7, an investment promotion agency (IPA) to attract foreign investment and overseas companies. The ca...
Saudi sovereign wealth fund buys 5% stake in Nexon
Saudi Arabia’s sovereign wealth fund Public Investment Fund (PIF) has bought a 5% stake in online game developer Nexon Co., the gaming...
Korea's Toss targets SE Asia, Japan with super app
South Korea's mobile financial platform Toss is evolving from a payment service app into a full-fledged financial service provider, or a super app, ...
Hyundai, Kia post record US car sales as Japanese firms struggle
Hyundai Motor Co. and Kia Corp., the two automaking units of Hyundai Motor Group, saw their combined auto sales in the US rise to their highest leve...
Samsung SDI in talks with global automaker for battery joint venture
South Korea’s Samsung SDI Co. is in talks with a global automaker to launch a battery production joint venture following its partnership last ...
US survey findings on chip shortage rattle global chipmakers
The US government’s release on Tuesday of its findings on the reasons behind the global chip shortage is raising concerns among chipmakers, wi...
LG Group invests $21 mn in vegan egg maker Eat Just
LG Group plans to invest 25 billion won ($21 million) in California-based plant-based food maker Eat Just, Inc. The news follows an announcement by ...
Hyundai Motor vows $7.7 billion investment after record 2021 revenue
Hyundai Motor Co. said on Tuesday it will spend a record 9.2 trillion won ($7.7 billion) this year to ramp up facilities for electric cars and other...
Korea to see second month of trade deficit
South Korea is slated to see a trade deficit for a second straight month in January for the first time since the 2008-09 global financial crisis on ...
Hyundai, Kia lead rivals in 2022 US best car awards
Hyundai Motor Group’s major auto brands have won a record number of best car awards by the U.S. News & World Report in recognition of thei...
SK's 5-year journey toward batteries, bio and chips
Back in January 2017, SK Group Chairman Chey Tae-won emphasized the need for “deep change," in his New Year message and presented the phrase a...
Korean pharma joins global race in RNA therapeutics development
The field of ribonucleic acid (RNA) therapeutics, once considered an unexplored area, is now the most coveted sector in the global biotech industry....
LG Innotek shares rise despite mixed brokerage views
LG Innotek Co. stocks have been on a rising trend over the past three months and are trading at their highest-ever prices. However, there are mixed ...
Vegan foodmaker Organica attracts funding from China's CITIC
Plant-based food company Organica Corp. has attracted investment from China’s alternative investment firm CITIC Capital Holdings Ltd. This mar...
Vietnam gives traction to Korean banks' global push
South Korea's leading banks began to reap the rewards of their efforts to become regional players in Asia, with their aggressive investments in Viet...
Hana jointly acquires Boston-based multifamily for $262 mn
Hana Alternative Assets Management Co. and a US asset manager acquired a tower of luxury multifamily housing assets in Seaport Boulevard, Bost...
ESG fever puts Korean oil refiners in quandary over facility upgrades
South Korea’s four major oil refiners have for decades been at the forefront of the industry push to upgrade facilities, a combined multi-bill...
Mirae Asset’s global ETFs top 100 trillion won mark
Mirae Asset Global Investments Co.’s global equity-traded funds (ETFs) topped the 100 trillion won mark, for the first time in the South Korea...
Baillie Gifford, Allianz increase holdings in 3D tech firm Koh Young
Global asset managers are increasing shareholdings in Koh Young Technology Inc., Korea’s leading 3D image measurement tech firm listed ...
ABL Bio in $1.06 bn deal with Sanofi for Parkinson's disease treatment
South Korea’s ABL Bio Inc. has signed a $1.06 billion contract to license out its technology for a Parkinson's disease treatment candidate t...
LG Energy takes on CATL as it prepares for Korea’s largest-ever IPO
LG Energy Solution Ltd. has vowed to outrival the world’s top battery player CATL as the South Korean company is preparing for the country&rsq...
Nexon invests $400 mn in Avengers directors' film company
Online game developer Nexon Co. has completed a $400 million investment in AGBO, a US entertainment company founded by Avengers film series co-direc...
Hyundai Motor beats Honda in US for the first time in its 35 years there
South Korea’s top automaker Hyundai Motor Group beat Japanese rival Honda Motor Co. in the US last year, for the first time in its 35 years of...
Export-Import Bank of Korea eyes $3 bn global bond sale
The Export-Import Bank of Korea (KEXIM) is planning to sell up to $3 billion worth of new global bonds this week, tipped to be the largest-ever bond...
Krafton's PUBG tops global game revenue with $2.8 bn
PlayerUnknown’s Battlegrounds Mobile (PUBG Mobile), a mobile game of South Korean gaming company Krafton Inc., topped the global game re...
Korea 2021 steel output set to top 70 mn tons on supercycle
South Korea’s steel output last year was estimated to have topped 70 million tons as the industry enjoyed a steel supercycle for the first tim...
Korean core companies’ stocks underperform global peers
The world sought new opportunities in 2021, recovering from the shock of the COVID-19 pandemic. Global major companies have been in cutthroat compet...
