S.Korea to tighten immigrant investor requirements

S.Korea to tighten immigrant investor requirements

South Korea will raise the minimum requirements for the country’s investment immigration visa program amid growing controversy over foreigners...

SK Telecom invests $100 mn in American UAM developer

SK Telecom invests $100 mn in American UAM developer

South Korea's SK Telecom.Co has invested $100 million (131.6 billion won) in Joby Aviation, a Santa Cruz, California-based developer of urban air ...

NPS logs 8.6% return on investment as of end-April 2023

NPS logs 8.6% return on investment as of end-April 2023

South Korea’s National Pension Service (NPS) has logged an 8.63% profit in fund management in January-April this year thanks to strong equity ...

LG Group seeks new partners in Silicon Valley’s startup scene

LG Group seeks new partners in Silicon Valley’s startup scene

South Korea’s LG Group seeks new partnerships with global ventures to strengthen its new growth engines, such as batteries, biopharmaceuticals...

US to send Its biggest sub to Korean Peninsula in message to North and South

US to send Its biggest sub to Korean Peninsula in message to North and South

SEOUL—The U.S. plans to send its largest nuclear-armed submarine to South Korea for the first time in four decades, in an effort to deter Nort...

CJ Logistics to build logistics centers in US with $416 mn investment

CJ Logistics to build logistics centers in US with $416 mn investment

CJ Logistics Corp. and Korea Ocean Business Corporation (KOBC) will together build three logistics centers in the US with an estimated investment of...

Hyundai, Kia invest extra $1.5 mn in automotive chip startup

Hyundai, Kia invest extra $1.5 mn in automotive chip startup

Hyundai Motor Co. and Kia Corp. announced on Wednesday that they have invested extra 2 billion won ($1.54 million) in BOS Semiconductors, a vehicle ...

Samsung to invest $230 bn in Korea on speedy govt support

Samsung to invest $230 bn in Korea on speedy govt support

Samsung Electronics Co., the world’s top memory chipmaker, is set to spend 300 trillion won ($230.4 billion) to build semiconductor manufactur...

POSCO Int'l, CIP tie up for Korean offshore wind project

POSCO Int'l, CIP tie up for Korean offshore wind project

POSCO International, the general trading and energy exploration unit of South Korea’s steel giant POSCO Holdings Inc., has joined hands with C...

Kakao Mobility to develop EV, self-driving tech with Vietnam's Vingroup

Kakao Mobility to develop EV, self-driving tech with Vietnam's Vingroup

South Korea's Kakao Mobility is collaborating with Vietnam's No. 1 corporation Vingroup JSC and Southeast Asia's biggest information and communicati...

Asan Medical Center to establish digestive disease hospital in Dubai

Asan Medical Center to establish digestive disease hospital in Dubai

Asan Medical Center announced plans on Thursday to establish a 65-bed gastrointestinal specialized hospital in Dubai Healthcare City in Dubai, UAE, ...

Central Europe’s fast-growing economy attracts global investors: Abris

Central Europe’s fast-growing economy attracts global investors: Abris

More investors choose safer assets in developed regions such as the US and Western Europe today with rate hikes and liquidity tightening. But Poland-b...

Intel’s foundry revamp sets off alarm bells for Samsung, TSMC

Intel’s foundry revamp sets off alarm bells for Samsung, TSMC

Intel Corp.’s announcement to restructure its manufacturing business to become a leading foundry player is setting the stage for a bigger show...

S.Korea attracts investment of $940 mn from 6 European companies

S.Korea attracts investment of $940 mn from 6 European companies

South Korea has attracted investment worth $940 million from six high-tech European companies to build factories and R&D centers.The six compani...

KT to invest $5.4 bn by 2027 to develop AI platforms

KT to invest $5.4 bn by 2027 to develop AI platforms

South Korea’s telecom service provider KT Corp. will spend about 7 trillion won ($5.4 billion) by 2027 to become the country’s largest a...

Generative AI startup Wrtn attracts nearly $12 mn in investment

Generative AI startup Wrtn attracts nearly $12 mn in investment

South Korea's advanced tech startup Wrtn Technologies, a major player in generative artificial intelligence (AI), has attracted investment of 15 bil...

Hyundai invests $781 mn in startups to drive future innovation growth

Hyundai invests $781 mn in startups to drive future innovation growth

Hyundai Motor Group's open innovation investment in domestic and foreign startups in fields like mobility and artificial intelligence (AI) has excee...

POSCO breaks ground on lithium hydroxide plant in S.Korea

POSCO breaks ground on lithium hydroxide plant in S.Korea

POSCO Holdings Inc., the holding company of the world’s sixth-largest steel maker,held a groundbreaking ceremony on Tuesday to mark the commen...

Goldman Sachs slashes Korean cathode stock targets; market ignores

Goldman Sachs slashes Korean cathode stock targets; market ignores

Goldman Sachs Group Inc. has slashed the target prices of South Korean top cathode stocks, namely EcoPro BM Co. and POSCO Future M Co., by nearly ha...

SKC mulls investment in materials in Haiphong, Vietnam

SKC mulls investment in materials in Haiphong, Vietnam

South Korea's SKC has teamed up with Haiphong, a key industrial city in northeastern Vietnam, to reinforce the company's basis for global expansion ...

Hanjin to participate in operation of logistics center in Thailand

Hanjin to participate in operation of logistics center in Thailand

South Korea's Hanjin Transportation, a logistics unit of Hanjin Group, announced on Friday that it will open a 9,000-square-meter container freight ...

Hyundai Mobis exceeds $770 bn in R&D investment in 2023

Hyundai Mobis exceeds $770 bn in R&D investment in 2023

South Korea's car parts maker Hyundai Mobis is turning into a software-oriented mobility company by investing over 1 trillion won ($772.3 million)...

Craft brewery startups poised to revolutionize brew scene in South Korea

Craft brewery startups poised to revolutionize brew scene in South Korea

Craft beers and highballs from emerging breweries and distilleries are poised to disturb the South Korean alcoholic beverage market dominated by gia...

SK Networks to invest $2 mn in Dutch agtech startup

SK Networks to invest $2 mn in Dutch agtech startup

SK Networks Co., a South Korean trading company, announced on Thursday that it will invest $2 million in the series A round of Source.ag, a smart fa...

Challenges, opportunities for Asia’s energy transition: GIG

Challenges, opportunities for Asia’s energy transition: GIG

Global investors injected more than $1 trillion into energy transition for the first time last year. South Korea poured in some $19 billion, becomin...

Investment in battery raw materials raises sodium hydroxide prices

Investment in battery raw materials raises sodium hydroxide prices

The price of sodium hydroxide or caustic soda, an essential component in the smelting of raw materials for producing batteries, is rising because So...

Doosan Bobcat invests in US-based agtech company

Doosan Bobcat invests in US-based agtech company

Doosan Bobcat, the construction and agricultural machine making affiliate of South Korea’s Doosan Group, has announced on Wednesday a str...

Samsung Electronics makes 17-fold gains from investment in ASML

Samsung Electronics makes 17-fold gains from investment in ASML

Slightly more than a decade ago, ASML Holding N.V. had to reach out to its customers such as Samsung Electronics Co., Intel Corp. and Taiwan Semicon...

Fifty Fifty label seeks investment from Silicon Valley

Fifty Fifty label seeks investment from Silicon Valley

The South Korean label behind K-pop rookie sensation Fifty Fifty is looking to Silicon Valley for investment as the four-girl band, already with a l...

NPS vows to raise alternative investment ratio, cut bond purchases

NPS vows to raise alternative investment ratio, cut bond purchases

South Korea’s National Pension Service (NPS), the world’s third-largest public pension fund, plans to raise the ratio of its alternative...

Celltrion secures $730 mn to buy biosimilar unit shares, pursue M&A Korean commercial act revision to drive reevaluation of equities: J.P. Morgan S.Korea to elevate science minister to deputy prime minister to lead in AI race Allianz-backed Koh Young’s brain surgery robot set for US debut by end-August Roborock’s privacy policy fuels data leak fears over Chinese goods