LianBio teams with Korean MediRama to ease US biotechs' foray into Asia

  LianBio, a Nasdaq-listed biotechnology company, has joined hands with MediRama Co., a South Korean clinical development firm, to help promis...

Doosan adds chip post-processing to list of growth drivers

Doosan Group has added semiconductor post-processing services to its core businesses and plans to invest 1 trillion won ($774 million) in its microc...

Industrial losses balloon as Korean trucker strike enters 7th day

South Korea’s manufacturing sector faces ballooning losses across industries as the trucker strike entered its seventh day on Monday, disrupti...

S.Korea’s PE fundraising may fall after two-year growth

The National Pension Service will reduce the amount of its new capital commitment to domestic private equity firms by 17% to 500 billion won ($400 m...

[ASK 2022] Infrastructure benefits from inflation and population growth: Sera Global

 Infrastructure is stronger than ever amid the current macroeconomic risks, and investors will see greater opportunities in the ...

CJ to beef up content, K-food sector with $9.7 billion investment

South Korea’s CJ Group, which operates the country’s largest food and beverage company CJ Cheiljedang Corp. and entertainment giant CJ E...

LG bets $34 bn on battery, automotive electronics biz for its future

LG Group, South Korea’s fourth-largest conglomerate, is set to pour $34 billion into the battery, automotive electronics and other future grow...

Infrastructure shines amid rising inflation, Korean LPs say

Major institutional investors in South Korea have a largely positive outlook on infrastructure amid the macroeconomic risks, such as inflation and...

Korean LPs seek different strategies for private equity, debt

Key asset owners of South Korea will keep their mid- to long-term plans for alternative asset management despite the current macroeconomic risks, as...

Samsung to invest $355 billion in chip, biotech, 6G over five years

South Korea’s top conglomerate Samsung has unveiled a plan to invest 450 trillion won ($355 billion) over the next five years in strategic sec...

Hyundai Card shelves IPO after Fubon buys 20% stake

South Korea’s Hyundai Card Co. has shelved a plan to go public after Taiwan’s Fubon Financial Holding Co. completed the purchase of its ...

HR startups outwit job posting sites for IT workers

The growing trend toward personalized hiring and the rising demand for technology developers are encouraging South Korea’s human resources tec...

LB Private Equity posts 65% return via secondary, mezzanine

LB Private Equity Inc., a South Korean PE firm specializing in secondary and buyout investments, has liquidated its 120 billion won ($93.4 million) ...

Doosan Enerbility turns around with reform, new orders

South Korea's major power plant builder Doosan Enerbility Co. has significantly improved its financial health, with its debt-to-equity ratio tumblin...

Genesis posts sales growth in US as other auto brands suffer

Hyundai Motor Co. said on Wednesday its premium Genesis brand saw its US car sales considerably grow in April when all other major carmakers reporte...

Affinity Equity to refinance Serveone to recoup investment

Affinity Equity Partners is in the process of raising 700 billion won ($565 million) to recapitalize South Korea's Serveone Co. in an attempt to rec...

LG Household acquires The Crème Shop for US expansion

LG Household & Health Care Ltd. has acquired a controlling stake in The Crème Shop Inc. as it seeks to expand its presence in the US beau...

FutureChem seeks FDA nod for prostate cancer radiopharma trials

FutureChem Co., a South Korean radiopharmaceutical company, is seeking the US Food and Drug Administration’s approval for clinical tests of it...

SK Telecom’s bet on air mobility, metaverse in full display at World IT Show

SK Telecom Co. is poised to show off its latest services at this year’s World IT Show slated for three days from April 20. At the large...

BOK unexpectedly hikes interest rate as inflation accelerates

South Korea’s central bank on Thursday raised its policy interest rate in a surprise move as accelerating inflation is feared to bite into gro...

Naver, Kakao shares to fall further on sluggish outlook

Shares of Naver Corp. and Kakao Corp. are expected to decline further after South Korea’s top two platform giants already lost 20 trillion won...

SM Entertainment to find Saudi idols with Princess Haifa

South Korea’s entertainment behemoth SM Entertainment Co. will develop Saudi idols with Princess Haifa bint Mohammed Al-Saud as the kingdom ai...

Korean PE firm in exclusive talks to buy golf grip brand SuperStroke

South Korea's Daol Private Equity, formerly known as KTB Private Equity, is in exclusive talks to buy the entirety of SuperStroke, a US golf grips m...

Kospi posts record-high performances in 2021

South Korean companies listed on the main bourse Kospi broke records in terms of annual sales, operating profit and net profit last year. Some eco...

SK On to raise $822.5 mn from Korean PEF consortium

South Korea’s SK On Co., the world’s fifth-largest electric vehicle battery maker, is set to raise up to 1 trillion won ($822.5 million)...

How Glenwood made twofold return from HanGlas without dividends

Seoul based-Glenwood Private Equity, founded in 2014, has been quietly building its presence in the South Korean M&A market, chasing assets deem...

Koreans return to foreign stock funds for bargain hunting

South Korean funds for overseas stock investments enjoyed the return of money to buy growth shares in the US on dips this year, while local investor...

LG Household to lower reliance on Chinese market as shares slump

LG Household & Health Care Ltd. was one of the most coveted shares on the Korean bouse in the past couple of years as the company basked in the ...

BOK governor nominee stokes slower rate hike expectations

South Korea’s nominee for its new central bank governor stoked expectations that the Bank of Korea may raise interest rates less than predicte...

Insurers rush to bolster equity capital to boost solvency

South Korea's key insurers are rushing to increase their equity capital ahead of two new solvency regulations set to take effect from Jan. 1, 2023. ...