Celltrion to conduct tests on Omicron variant detected in Korea

Biopharmaceutical powerhouse Celltrion Inc. plans to use its treatments to test the Omicron variant detected in Korea, according to a high-level com...

Korea’s Hanwha Aerospace to develop small rocket system

Hanwha Aerospace Co., a unit of South Korean conglomerate Hanwha Group, is developing system technology for small projectiles that launch a satellit...

Partners Group attracts Korea Post and local insurers to PE funds

Some major South Korean institutional investors have committed to Switzerland-headquartered global asset manager Partners Group's Secondary 2020 Fun...

Korea 2021 GNI per capita to top $35,000 to record high

South Korea’s gross national income (GNI) per capita is expected to surpass $35,000 to a record high this year on strong economic growth, surg...

End of No-Japanese boycott? Uniqlo Korea turns to black

Japanese companies operating in South Korea are making a comeback after being hit hard by a campaign that began in mid-2019 to boycott Japanese prod...

Korea’s reopening stocks jump on easing Omicron woes

South Korea’s reopening stocks surged on Dec. 3 as US President Joe Biden’s plans to curb the Omicron variant of COVID-19 exclude lockdo...

Korea Inc 2021: Year of record M&As, tie-ups and spin-offs

South Korea’s corporate sector has seen record deals through mergers and acquisitions, tie-ups and spin-offs this year, as big companies and s...

Korea lawmakers approve record $515 bn budget for 2022

South Korea’s parliament on Dec. 3 approved a record $515 billion spending for 2022 to support a recovery in Asia’s fourth-largest econo...

US and South Korea to update wartime plans for North Korea

SEOUL—The U.S. and South Korea said they would update their joint wartime contingency plans for North Korea, as the Kim Jong Un regime has&n...

Metaverse emerges as promising yet uncertain new world for investors

Virtual realms known as the metaverse that have become the hot topic for tech companies also are winning a new fan base among investors.SoftBank Gro...

Hyundai Genesis, Kia attract record customers in US

Hyundai Motor Co.’s premium car brand Genesis and its affiliate Kia Corp. have logged record sales in the US so far this year, helping Hyundai...

Korea Venture Investment creates global fund worth $2 billion

Korea’s government-backed fund of funds (FOF) management institution announced its latest selection of funds late last month, which would bene...

POSCO Chemical, GM to launch new battery material JV in US

South Korea’s POSCO Chemical Co. said on Thursday it is forming a new joint venture with US top automaker General Motors Co. to produce cathod...

Korea's biggest fund to invest $5.8 million in overseas VCs

Korea Venture Investment Corp. plans to invest $58.2 million or about 69 billion won in 10 funds around the globe. The government-backed fund o...

NPS picks Hillhouse Capital for private equity investment in Q3

South Korea’s National Pension Service (NPS) selected private equity giant Hillhouse Capital Group in the third quarter of this year for its...

Kakao buys startup Grip, fueling e-commerce push

South Korea's Kakao Corp. has acquired a live streaming e-commerce app Grip Co. to beef up its online shopping business, considered the weakest spot...

Hyundai Motor Korea unit to manage Asia-Pacific markets

Hyundai Motor Co. is gearing up to manage the Asia-Pacific markets, excluding China and India, from its home office. South Korea's top carmaker aims...

Korea’s November exports top $60 bn for first time to fresh high

South Korea’s exports in November exceeded $60 billion for the first time in terms of monthly shipments to an all-time high, although caution ...

Korea Post selects Ardian, Hamilton Lane for $100 mn co-investment

Korea Post’s savings arm has selected French private equity firm Ardian SA and US alternative investment manager Hamilton Lane Advisors LLC ...

NPS adds Warburg Pincus as real estate asset manager in Q3

The National Pension Service added New York-based private equity firm Warburg Pincus LLC to its pool of 58 global real estate investment manager...

Japan's Aeon proceeds with plan to sell Ministop Korea

Japan's Aeon Co. has received preliminary bids for its wholly-owned subsidiary of Ministop Korea, which is estimated at around 200 billion won ($170...

MBK in talks to buy S.Korea's top shoe fabric maker

MBK Partners is in exclusive talks to buy Dongjin Textile Co., a South Korean family-owned business that supplies footwear textiles to companies inc...

Korea's first game NFT exchange to open next month

Come next month, Korea will see its first online game-based non-fungible token exchange. Seoul-based video game developer WeMade Co., Ltd will ...

S.Korea to build solar power plants in Chile for $130 mn

South Korea is planning to build solar photovoltaic power plants in Chile, investing $130 million, in a move to help local companies expand their re...

SK Square to invest $75 mn in Korea crypto exchange

South Korea’s SK Square, an investment firm spun off from SK Telecom Co., will buy a stake in a local cryptocurrency exchange to expand its po...

Korea Post to select GPs for €200 mn real estate fund

Korea Post, South Korea's state-run postal service agency, said its savings arm will select two asset managers of an open-end commingled blind poo...

Koo Ja-eun takes helm of Korea’s cable, machinery conglomerate LS Group

Koo Ja-eun, chairman of South Korea’s LS Mtron Co., a machinery and components maker, will lead the country’s 14th-largest conglomerate ...

Korea homegrown app begins process for H1 2022 listing

One store Co., the South Korean homegrown app store developed by the country’s top online platform Naver Corp. and three telecom carriers, is ...

CVC, Goldman among shortlisted investors in TVing

CVC Capital and Goldman Sachs Principal Investment Area (PIA) are among the shortlisted investors in South Korea's over-the-top (OTT) streaming serv...

Global cities with young elites will survive in long term, RXR chairman says

Now it is time to invest in e-commerce, healthcare and multifamily housing, or the so-called three megatrends, which have increased in demand during...