MyRealTrip attracts $57 mn investment

South Korea's travel app MyRealTrip announced on Friday that it has attracted 75.6 billion won ($56.55 million) investment from domestic and foreign...

S.Korean securities downgrades GS E&C’s investment opinion

Hyundai Motor Securities downgraded its investment opinion on GS Engineering & Construction Corp. (GS E&C) from "Buy" to "Market Perform" on...

Korean military fund anchors $142 mn real estate fund

South Korea’s Military Mutual Aid Association (MMAA), a retirement savings fund for military personnel, is set to become an anchor investor in...

S.Korea’s LS Group wins regulatory nod for securities biz

South Korea’s electrics components-to-energy conglomerate LS Group is set to start the securities business as it secured regulatory approval t...

LG Chem sees up to 25% battery sector growth in 2024: report

South Korea’s LG Chem Ltd., the parent of the world’s second-largest electric vehicle battery maker LG Energy Solution Ltd., expects up ...

S.Korea’s Hyosung to expand tire cord business to India

DAVOS, Switzerland -- Hyosung Group, a South Korean textile-to-chemicals conglomerate, plans to expand its tire cord business to India, the world's ...

S.Korea to scrap capital gains taxes on financial products

South Korea will scrap a plan to impose taxes on capital gains from financial products for all shareholders and further lower securities transaction...

Korea's LX International buys Indonesian nickel miner for $100 mn

South Korean trading firm LX International Corp. said on Tuesday that it has acquired a 60% stake in Indonesian miner PT Adhi Kartiko Pratama (AKP)&...

Korea Investment leads Mongolia Mortgage Corp.'s global bond issuance

Korea Investment & Securities Co. (KIS) announced on Tuesday its successful completion of the lead management for a $225 million global bond iss...

Iljin Electric secures $36 mn order for high-voltage cables in Malaysia

Iljin Electric, the integrated heavy electric device unit of South Korea's Iljin Group, announced on Tuesday that it has recently signed a contract ...

Hyundai Motor to invest $845 million to expand India’s Talegaon plant

South Korea’s top automaker Hyundai Motor Co. will invest 70 billion Indian rupees ($845 million) to expand and upgrade its Indian car manufac...

Samsung SDI to invest in Canada Nickel, new mine in Canada

Samsung SDI Co. has agreed to invest $18.5 million in Canada Nickel Company Inc. to secure steady supplies of nickel and cobalt, key materials for r...

SK Networks invests $19 mn in AI startup Upstage

South Korea's SK Networks Co. announced on Friday that it has invested 25 billion won ($19.02 million) in the domestic artificial intelligence (AI...

Celltrion revises up earnings goals to overtake Amgen

Celltrion Inc., South Korea's leading biosimilar maker, on Wednesday expressed its ambition to join the global top 10 biotech and pharmaceutical com...

STX invests in stake in 1.5 mn ton lithium deposit in Peru

STX Corp., a South Korean general trading company, has secured lithium, a key material for secondary batteries, and obtained a stake in a lithium mi...

Samsung eyes biotech investments via Flagship Pioneering

Samsung C&T Corp., Samsung Biologics Co. and Samsung Bioepis Co. will ramp up investments in US biotechnology startups in collaboration with Fla...

Hyundai to invest an additional $744 mn in Indian hydrogen biz

Hyundai Motor Co., South Korea’s top automaker, is set to invest an additional $744 million in India for a hydrogen ecosystem to lead the futu...

LG Uplus invests $7.6 mn in 42Maru

South Korea’s LG Uplus Corp. announced on Sunday that it has invested 10 billion won ($7.6 million) in 42Maru, a domestic language AI startup....

Hanwha to develop own gas turbine engine for future growth

CHANGWON, South Gyeongsang Province – Hanwha Group, South Korea’s chemicals-to-defense conglomerate, is set to double its local gas turb...

LG to inject $700 million in startups in West Virginia

CHARLESTON, WV – LG Electronics Inc. will form a fund with the State of West Virginia to inject $700 million over the next five years to foste...

Korean semiconductor startups shine in venture downturn

South Korean startups in the semiconductor, eco-friendly and electric vehicle battery sectors succeeded in attracting investors in the second half o...

Digital healthcare, robot, AI chip startups among VCs’ 2024 top picks

Startups that specialize in digital healthcare, robots and artificial intelligence chips are among South Korea-based venture capital firms’ to...

South Korea set to abolish financial investment gains tax: Yoon

South Korea plans to abolish capital gains taxes on financial investments to revitalize the lackluster domestic financial market and help individual...

Shinhan Card Kazakhstan arm attracts $24 mn investment

Shinhan Finance, a subsidiary of South Korea's Shinhan Card in Kazakhstan, has attracted a 31 billion won ($24 million) investment from local car de...

Samsung to build $281 million chip packaging R&D center in Yokohama

South Korea’s Samsung Electronics Co., the world’s largest memory chipmaker, will build a 40 billion yen ($281 million) advanced chip pa...

Warburg Pincus’ JV to invest in Korean prime warehouses

US private equity firm Warburg Pincus LLC said on Tuesday it will establish a joint venture in South Korea via its Asia real estate fund to invest i...

Yen deposits at Korean banks surge to record $9.9 bn

Yen deposits at South Korean banks grew by the largest-ever monthly amount in November to a record $9.92 billion, central bank data show, as investo...

Korea’s 1st institutionalized fractional art offering a smash hit

South Korea’s first institutionalized fractional investing in a work of art proffered by Yeolmae Company, operator of South Korea’s frac...

Korean overseas direct investment at 2 1/2-year low in Q3

South Korea’s direct investment in other countries fell for a fourth straight quarter to its smallest level in two and a half years, despite a...

Korea's NPS taps Jun Ahn as real estate investment head

National Pension Service (NPS) of South Korea, the world’s third-largest pension fund, appointed Jun Ahn (Ahn Jun-sang) as its real estate inv...