S.Korea kicks off AI strategy talks with Naver, Kakao, Samsung, telcos

South Korean government has hosted the first top-level artificial intelligence (AI) roundtable meeting with representatives from the country’s...

GIC, PEFs face further delays to Kyobo exit after ruling

Singapore’s GIC, Canada's Ontario Teacher's Pension Plan (OTPP) and private equity firms, including Affinity Equity Partners, may need to endu...

Strategic buyers line up for IMM-led $1.3 bn Hanssem deal

LX Hausys Ltd., South Korea's leading building materials maker, on Monday announced a plan to join Seoul-based IMM Private Equity in acquiring a con...

TikTok owner ByteDance in talks to invest $43 mn in Korea’s KidariStudio

South Korea’s online content platform KidariStudio Inc. will likely attract 50 billion won ($43 million) from China’s ByteDance Ltd., th...

Genesis goes green as Hyundai Motor accelerates EV push

South Korea’s top automaker Hyundai Motor Co. on Thursday unveiled its vision for a sustainable future, in which all its new vehicles under th...

LG Energy Solution, SK Innovation raise global battery market shares

LG Energy Solution Ltd. and SK Innovation Co. expanded global battery market shares, leading steady growth in South Korea’s battery industry.S...

Hyundai Motor develops Roblox virtual mobility experience game

South Korea’s top automaker Hyundai Motor Co. has developed an interactive metaverse game to be played on its online entertainment platform Ro...

Real Packing envisions borderless e-commerce ecosystem via videos

South Korea-based startup Real Packing is on a mission to build a trust-based society via its fact-checking video system.Launched in 2016, Real Pack...

SK Global Chemical rebrands as plastic recycler SK Geocentric

SK Innovation Co.’s petrochemical unit SK Global Chemical Co. has undergone a corporate name change to SK Geocentric Co., in a move to reident...

Global automakers' new battle field: small EVs

Global automakers stop producing smaller cars among internal combustion engine models. The industry is facing difficulties to make profits from thos...

Upbit dominates S.Korea’s crypto exchange with 80% market share

South Korea’s cryptocurrency exchange market is being dominated by the biggest platform Upbit that holds about 80% of all transactions made in...

Parts maker Mando raises profile as investor in future mobility startups

Halla Group’s auto components unit Mando Corp. is rapidly expanding its profile as a startup investor in the future mobility sector.Mando was ...

Swit Technologies' valuation tops $80 mn in Series A round

Swit Technologies Inc., the provider of team collaboration tool Swit, is near wrapping up its Series A funding round, having raised around $17.8 mil...

NPS in $2 bn real estate development project in Seoul

The National Pension Service (NPS) has agreed to participate in a 2.6 trillion won ($2.2 billion) real estate development project in western Seoul, ...

Amazon teams up with SK’s 11Street to offer Global Store for Koreans

SK Telecom Co.’s e-commerce platform 11Street Co. has teamed up with Amazon, the world’s largest online shopping mall, to offer the US c...

Govt pension fund eyes real estate in non-core areas

South Korea's Government Employees Pension Service (GEPS) is setting its sights on overseas office buildings not only in core regions but in its per...

3i's AI technology creates digital twins using smartphone photos

Innovating industrial plants is often a difficult decision-making process for companies because changing a single piece of equipment requires a thor...

KSOE in $1.4 billion deal to build 8 methanol-powered ships for Maersk

Korea Shipbuilding & Offshore Engineering Co. (KSOE) said on Tuesday it has won a 1.65 trillion won ($1.42 billion) order to build eight methano...

Are global GSS bonds sustainable?

Global green, social sustainability (GSS) bonds may not be stable enough yet. The bonds where proceeds will be exclusively applied to finance or re-...

KIC replaces infrastructure, real estate heads

The Korea Investment Corporation (KIC) on Tuesday replaced its infrastructure and real estate investment heads, in a senior management reshuffle fol...

POBA invites bids for $400 mn multi-asset mandates

South Korea's Public Officials Benefit Association (POBA) will commit $400 million to two multi-asset funds this year, in its first investment in th...

IAA Mobility 2021 to showcase global auto industry’s future technologies

The global auto industry is set to show off their muscle to fight for the future mobility market not only with new models but also technologies at t...

Carmaker stocks hit speed bump of chip shortage, Delta variant

Shares in global carmakers such as Hyundai Motor Co. and Toyota Motor Corp. are tumbling. The automotive chip shortage is expected to deteriorate fu...

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 ...

Korea's top online flea market startup value up to $2.6 bn

South Korea’s No. 1 online flea market operator Danggeun Market Inc. has increased its valuation to $2.6 billion as it raised $153 million fro...

Korean unicorns winning talent war against global IBs

South Korean unicorn startups are soaking up talent from global investment banks (IBs) and brokerage houses. Junior and senior financial market spec...

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...

Korean investors rush to buy Vietnam stocks

South Korean investors are rushing to buy Vietnamese stocks as the market is showing signs of a recovery. Analysts predicted export-oriented shares ...

Hyundai Heavy to reposition as tech platform for vessels

Hyundai Heavy Industries Group is making big steps forward to transform itself as a platform business in the global shipbuilding sector. According t...

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...