global strategy center
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Pension funds
Global assets drive Korean teachers' fund to 11.1% return in 2024
The Korean Teachers’ Credit Union (KTCU) achieved an 11.1% return on investments in 2024, with overseas portfolios in stocks, infrastructure a...
Mar 26, 2025 (Gmt+09:00)
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Real estate
Warburg Pincus-Wide Creek Asset JV picks up 2nd Korean logistics asset
US private equity firm Warburg Pincus LLC and South Korean real estate manager Wide Creek Asset Management Co. are building a logistics center for l...
Mar 26, 2025 (Gmt+09:00)
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Aerospace & Defense
Hanwha Aerospace plans record $2.5 bn rights offering for plant expansion
Hanwha Aerospace Co., a leading South Korean defense company, said on Thursday it is raising 3.6 trillion won ($2.5 billion) in new capital through ...
Mar 20, 2025 (Gmt+09:00)
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Artificial intelligence
LG takes on Big Tech AI in reasoning with Exaone Deep
LG AI Research, the artificial intelligence (AI) research and development unit of South Korea's LG Group, has unveiled Exaone Deep, an open-source A...
Mar 18, 2025 (Gmt+09:00)
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Automobiles
Kia to ramp up Seltos output to meet high global demand
Kia Corp. will expand production of its compact sport utility vehicle, the Seltos, after selling 310,000 units of the model across the globe, making...
Mar 13, 2025 (Gmt+09:00)
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Real estate
Global real estate market poised for strong rebound: Savills
The global real estate market is expected to pick up significantly over the next few years, with around $500 billion worth of real estate assets, he...
Mar 12, 2025 (Gmt+09:00)
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Pension funds
S.Korea’s pension fund NPS to overhaul alternative investment strategy
The National Pension Service (NPS), South Korea’s state-run pension fund and the country’s largest institutional investor, plans to intr...
Mar 12, 2025 (Gmt+09:00)
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Private equity
South Korea emerges as private equity firms’ global hub
New York-based Apollo Global Management and London-based Intermediate Capital Group (ICG) have joined the ranks of global private equity firms that ...
Mar 11, 2025 (Gmt+09:00)
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Logistics
LX Pantos acquires logistics center near Atlanta for $120 mn
LX Pantos Co., a logistics arm of LX International Corp., announced on Tuesday it has acquired a logistics center near Atlanta in Dalton, Georgia fo...
Mar 11, 2025 (Gmt+09:00)
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Shipping & Shipbuilding
Hanwha develops cutting-edge stealth paint for next-generation warships
Hanwha Ocean Co., a leading South Korean warship builder, has developed and tested an advanced stealth paint designed for the country’s KDDX n...
Mar 11, 2025 (Gmt+09:00)
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Food & Beverage
Korean snacks mesmerize global consumers amid K-pop popularity
South Korea’s snack exports soared to a record high in February, surpassing $40 million for the first time, as global demand surged amid the s...
Mar 10, 2025 (Gmt+09:00)
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Automobiles
Kia’s Chinese operations turn to profit after 8 years; Export strategy pays off
South Korea’s No. 2 automaker Kia Corp. saw its Chinese operations turn profitable in 2024 for the first time in eight years as brisk exports ...
Mar 10, 2025 (Gmt+09:00)
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Economy
Korea to create new visa for high-quality foreign talent
South Korea said on Wednesday it plans to create a new visa to attract high-level foreign talent for advanced industries such as artificial intellig...
Mar 05, 2025 (Gmt+09:00)
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Alternative investments
Korea Investment & Securities explores new products with global firms
Korea Investment & Securities Co. (KIS), a unit of Korea Investment Holdings Inc., is exploring new global investment products tailored for Sout...
Mar 04, 2025 (Gmt+09:00)
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Private equity
MBK-owned Homeplus files for corporate revamp with Seoul court
South Korea’s leading hypermarket operator Homeplus Co., wholly owned by North Asia-focused private equity firm MBK Partners, on Tuesday filed...
Mar 04, 2025 (Gmt+09:00)
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Upcoming IPOs
Lotte aims to take Lotte Global Logistics public by end-June
Lotte Group, grappling with a prolonged downturn in the petrochemical industry, plans to take Lotte Global Logistics Co. public by the end of June a...
Mar 04, 2025 (Gmt+09:00)
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Electric vehicles
Kia CEO stands firm on electrification strategy, premieres EV4 in Europe
TARRAGONA, Spain – Despite a temporary slowdown in electric vehicle demand and intensifying competition from Chinese automakers, Kia Corp. rem...
Feb 27, 2025 (Gmt+09:00)
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Alternative investments
KIC explores Europe middle-market private equity opportunities
The Korea Investment Corporation (KIC) on Monday explored investment opportunities in Europe’s middle-market private equity sector with other ...
Feb 25, 2025 (Gmt+09:00)
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Bio & Pharma
Korean court rules in favor of Samsung Bioepis over Regeneron’s Eylea
A South Korean court on Friday ruled in favor of Samsung Bioepis Co. in a patent dispute against Regeneron Pharmaceuticals Inc., a US pharmaceutical...
Feb 21, 2025 (Gmt+09:00)
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Artificial intelligence
AI data center with up to 3 gigawatts of power envisioned for South Korea
An investor group is planning one of the world’s largest data centers for artificial intelligence in South Korea, a sign of red-hot AI de...
Feb 20, 2025 (Gmt+09:00)
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Electronics
LG Innotek ventures into automotive AP module market
LG Innotek Co., a major South Korean electronics parts developer, has forayed into the automotive application processor (AP) module market, poised f...
Feb 19, 2025 (Gmt+09:00)
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Aerospace & Defense
S.Korea’s Hanwha eyes L-SAM exports with UAE’s EDGE
Hanwha Group’s Vice Chairman and heir apparent Kim Dong-kwan is on the front line to export South Korea's latest homegrown air defense system ...
Feb 19, 2025 (Gmt+09:00)
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Machinery
Korean tractor maker Daedong ends two-decade partnership with Deere
Daedong Corp., South Korea’s leading tractor and farm machinery maker, has ended its two-decade-long partnership with Deere & Co., the wor...
Feb 18, 2025 (Gmt+09:00)
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Automobiles
Hyundai Motor launches future strategy division overseeing M&As
Hyundai Motor Group has created a future business strategy division that serves as a control tower for the automotive group’s expansion into n...
Feb 16, 2025 (Gmt+09:00)
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Beauty & Cosmetics
Korean beauty giants Amorepacific, LG H&H come back from China woes
South Korea’s two largest cosmetics makers, Amorepacific Corp. and LG H&H Co., are recovering from years of lackluster overseas business p...
Feb 06, 2025 (Gmt+09:00)
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Bio & Pharma
Celltrion’s Vegzelma: Most-prescribed cancer treatment in Europe
South Korea’s leading biosimilar drug developer Celltrion Inc.'s Vegzelma, a cancer drug referencing global biopharma Roche’s Avastin, h...
Feb 05, 2025 (Gmt+09:00)
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Earnings
Kia hits record 2024 sales; profit margins highest among global automakers
South Korea’s second-largest automaker Kia Corp. on Friday posted its highest-ever annual sales, operating profit and profit margins in 2024, ...
Jan 24, 2025 (Gmt+09:00)
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Earnings
Samsung Biologics posts record 2024 sales, operating profit as it goes global
South Korea's Samsung Biologics Co., the world’s largest contract drugmaker, on Wednesday posted its largest-ever annual sales and operating p...
Jan 22, 2025 (Gmt+09:00)
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Steel
Hyundai Steel sells over 1 mn tons of auto steel to non-captive customers
Hyundai Steel Co., South Korea’s second-largest steelmaker, sold more than 1 million tons of automotive steel sheets to overseas automakers ot...
Jan 21, 2025 (Gmt+09:00)
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Real estate
Blackstone zooms in on hotels, warehouses in Korea
The global real estate market is poised for a recovery, led by industrial warehouses, residential facilities and data centers benefiting from declin...
Jan 21, 2025 (Gmt+09:00)
Latest News
- 1 Loss-making Lotte Chemical to sell water treatment unit to Synopex
- 2 Google to invest $100 mn in Gentle Monster in smart glasses push
- 3 Growth equity portfolio largely shielded from policy headwinds: Summit
- 4 Naver Financial seeks to acquire S. Korean real estate data platform Asil
- 5 KakaoBank shares surge on Thai virtual bank approval