SpaceX to launch S.Korea’s next-generation satellite

SpaceX to launch S.Korea’s next-generation satellite

Elon Musk’s SpaceX and Korea Aerospace Industries (KAI) have joined hands to develop next-generation mid-sized satellite projectiles, suggesti...

Korea Inc. rush to sell property, new shares to fund new business

Korea Inc. rush to sell property, new shares to fund new business

South Korea’s major companies are rushing to secure cash to fund new business. Some have sold or securitized property, while others issued n...

Kakao Pay must refile IPO registration statement to FSS

Kakao Pay must refile IPO registration statement to FSS

South Korea’s financial regulator Financial Supervisory Service (FSS) on July 16 requested correction of Kakao Pay’s IPO registration st...

Korea forms ambitious public-private green ammonia alliance

Korea forms ambitious public-private green ammonia alliance

South Korea has taken a major step forward in building the hydrogen economy by forming an extensive green ammonia alliance involving 13 private firm...

Bank of Korea sets stage for tightening after holding rates

Bank of Korea sets stage for tightening after holding rates

South Korea’s central bank chief sent a strong indication of tightening later this year after the Bank of Korea (BOK) left its monetary policy...

Korea’s new PCR kits, devices to speed COVID-19 detection

Korea’s new PCR kits, devices to speed COVID-19 detection

South Korea’s biotechnology companies are releasing polymerase chain reaction (PCR) kits and equipment to detect COVID-19 infections within an...

7brau becomes Korea's second craft brewery en route to IPO

7brau becomes Korea's second craft brewery en route to IPO

South Korea-based Seven Brau Co., or 7brau, is poised to become the country's second craft brewery to make a trading debut, following the footsteps ...

Korea’s auto parts makers post record revenues in 2020

Korea’s auto parts makers post record revenues in 2020

South Korea’s auto components makers posted another year of strong sales in the global market last year, according to the Detroit-based Automo...

IMM PE to buy $1.3 bn stake in Korea’s top furniture brand Hanssem

IMM PE to buy $1.3 bn stake in Korea’s top furniture brand Hanssem

Hanssem Co., South Korea’s largest furniture and home furnishing company, said on Wednesday its honorary chairman and other key shareholders h...

Korea Investment raises $600 mn in first foreign currency bond issue

Korea Investment raises $600 mn in first foreign currency bond issue

Korea Investment & Securities Co. raised $600 million in its first foreign currency bonds at lower-than-planned interest rates on strong demand....

Delivery Hero seeks more time to sell Korea's Yogiyo

Delivery Hero seeks more time to sell Korea's Yogiyo

Delivery Hero SE has requested up to another six months to sell South Korea's No. 2 food delivery platform Yogiyo, the estimated value of which was ...

Nongshim to launch Shin Ramyun fried noodles

Nongshim to launch Shin Ramyun fried noodles

South Korea’s top instant noodle maker Nongshim Co. is adding another product range under its world-famous Shin Ramyun brand: fried noodles. N...

Korea's first-generation retail platform Interpark up for sale

Korea's first-generation retail platform Interpark up for sale

South Korea-based Interpark Corp., one of the country’s first-generation online retail platforms, is up for sale. According to the invest...

Korea's automobile exports log double-digit growth between Jan and May

Korea's automobile exports log double-digit growth between Jan and May

Automobile exports log double-digit growth for five straight months In May 2021, exports of automobiles nearly doubled compared to the year-earlier...

BlackRock in talks to acquire Korea’s ESG-focused IGIS Private Equity

BlackRock in talks to acquire Korea’s ESG-focused IGIS Private Equity

BlackRock Inc., the world’s largest asset manager, is in talks to acquire IGIS Private Equity, a South Korea-based firm specialized in eco-fri...

Global EV race kicks off with key players investing $168 bn

Global EV race kicks off with key players investing $168 bn

The global auto industry is rapidly making a full-fledged shift towards electric vehicles (EVs), with the world’s five major market players, i...

World’s top COVID-19 test kit maker draws $28 bn in IPO subscriptions

World’s top COVID-19 test kit maker draws $28 bn in IPO subscriptions

The IPO of SD Biosensor Inc., which has sold the most COVID-19 test kits in the world -- selling more than 700 million kits from February 2020 to Ma...

SK IE Technology throned as top battery materials stock on Korean bourse

SK IE Technology throned as top battery materials stock on Korean bourse

SK IE Technology Co. (SKIET), a unit of SK Innovation Co., has climbed to the top ranking among battery materials makers in terms of market capitali...

Indonesia's HappyFresh draws half of new funding from Korea

Indonesia's HappyFresh draws half of new funding from Korea

Indonesia's online grocery platform HappyFresh will receive another $33 million from South Korean investors, including the Asian startup fund of Nav...

Market Kurly makes U-turn to Korea Exchange IPO

Market Kurly makes U-turn to Korea Exchange IPO

Kurly Inc., the operator of South Korea's online grocery delivery service Market Kurly, has canceled a US listing plan to resume its domestic IPO pr...

Korea unveils $35 billion battery investment plan to catch up to China

Korea unveils $35 billion battery investment plan to catch up to China

South Korea’s major battery makers have pledged to invest 40.6 trillion won ($35.4 billion) in the electric vehicle battery industry over the ...

Korea’s household investment in stock assets up by 62.8% vs. Q1 2020

Korea’s household investment in stock assets up by 62.8% vs. Q1 2020

South Korean households over the last 12 months have vastly increased investments in both domestic and overseas stock markets, with the total invest...

Kodak, National Geographic pivot to become fashion brands in Korea

Kodak, National Geographic pivot to become fashion brands in Korea

For more than a century, Kodak was a household name for quality cameras that were treated as valuable possessions -- often kept in the cabinet and o...

Grocery delivery platform Oasis valuation tops $650 mn; eyes US expansion

Grocery delivery platform Oasis valuation tops $650 mn; eyes US expansion

South Korea-based grocery delivery platform Oasis Corp., referred to as Oasis Market, has attracted 50 billion won ($44 million) from global private...

Hyundai launches first Genesis EV sedan G80 in Korea

Hyundai launches first Genesis EV sedan G80 in Korea

Hyundai Motor Co. said on Wednesday it has debuted a new electric sedan sold under the independent premium brand of Genesis in the Korean market as ...

LG CNS to launch Korea’s first drive-through micro-fulfillment center

LG CNS to launch Korea’s first drive-through micro-fulfillment center

Micro-fulfillment is on everyone’s lips these days, or so it seems, as retailers compete to drastically slash delivery times for online orders...

Hyundai Motor invests $100 mn in US battery startup SES

Hyundai Motor invests $100 mn in US battery startup SES

Hyundai Motor Co. is set to invest $100 million in US-based electric vehicle battery startup SolidEnergy Systems (SES) to obtain next-generation tec...

NPS buys Australian building for $900 mn to diversify investment

NPS buys Australian building for $900 mn to diversify investment

South Korea’s national pension fund bought an office building in Australia for almost $900 million, which would be its largest investment in t...

Hyundai Motor, Kia report record-high H1 sales in US

Hyundai Motor, Kia report record-high H1 sales in US

Hyundai Motor Group’s auto units posted all-time high sales in the first half of 2021 in the US market. According to the industry on July 2, H...

COVID-19 blues? Pandemic makes SD Biosensor Korea’s top-grossing bio firm

COVID-19 blues? Pandemic makes SD Biosensor Korea’s top-grossing bio firm

Multinational biopharmaceutical companies have dominated the world’s diagnostics market for years. However, the coronavirus pandemic, which st...

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 Sale of $1.5 bn Pangyo Tech 1, overseen by Mirae Asset, draws strong bids from global PEFs Kia to make, sell China-launched EV5 in Korea to keep top spot