Online players head S.Korea's biggest month for IPOs

Online players head S.Korea's biggest month for IPOs

South Korea's initial public offering market in July is expected to see its largest-ever amount of share issues for a single month, worth over 8 tri...

Eyegene to kick off Korea’s first mRNA clinical trial

Eyegene to kick off Korea’s first mRNA clinical trial

Eyegene Inc. will be South Korea’s first vaccine maker to conduct clinical tests of messenger ribonucleic acid (mRNA) COVID-19 vaccines. Ealie...

Morgan Stanley tops S.Korea's H1 M&A league table

Morgan Stanley tops S.Korea's H1 M&A league table

Morgan Stanley topped South Korea's M&A advisor league table in the first half of this year, working on six buyout deals worth a combined 9.75 t...

Mid-sized Jungheung to buy Daewoo E&C as part of global expansion plan

Mid-sized Jungheung to buy Daewoo E&C as part of global expansion plan

South Korea’s construction firm Jungheung Construction Co., in a move to strengthen its global foothold, is buying its much larger-sized rival...

Edge computing revolution to fuel Korea’s growth over the next decade

Edge computing revolution to fuel Korea’s growth over the next decade

Korea’s leading firms across multiple industries, from consumer electronics to agricultural equipment, are widening the use of edge computing ...

Korea’s pharma consortium to develop mRNA vaccines by 2022

Korea’s pharma consortium to develop mRNA vaccines by 2022

South Korea will develop its own messenger ribonucleic acid (mRNA) vaccines by next year with plans to annually manufacture 100 million doses from 2...

HK inno.N poised to bolster S.Korea's IPO lineup in H2

HK inno.N poised to bolster S.Korea's IPO lineup in H2

HK inno.N Corp., a pharmaceuticals unit of South Korea's Kolmar Korea, is set to go public in early August at a valuation of around 2 trillion won (...

Sale of Citibank Korea gains traction; preferred buyer may emerge in July

Sale of Citibank Korea gains traction; preferred buyer may emerge in July

The sale of Citibank Korea’s consumer banking business is gaining traction as potential bidders have started due diligence of the bank, with e...

Korea’s art sales set for triple-digit growth in 2021

Korea’s art sales set for triple-digit growth in 2021

South Korea’s art market is projected to double or even triple in size this year, thanks to the widening of the customer base across all gener...

GS Group joins race to acquire Korea’s botox maker Hugel

GS Group joins race to acquire Korea’s botox maker Hugel

A consortium led by South Korea’s GS Group is in talks to acquire a controlling stake in Hugel Inc., the country’s top maker of botulinu...

KakaoBank’s $2.3 bn IPO set to alter Korea’s banking landscape

KakaoBank’s $2.3 bn IPO set to alter Korea’s banking landscape

KakaoBank Corp., the mobile banking unit of online messaging app giant Kakao Corp., is looking to raise as much as 2.55 trillion won ($2.26 billion)...

Hanwha to make satellite thrusters with Korea's aerospace institute

Hanwha to make satellite thrusters with Korea's aerospace institute

Hanwha Corp. will develop the bipropellant thruster, a key component for adjusting the satellite’s position in orbit, together with Korea Aero...

Bain report renews debate on alternative trading system in Korea

Bain report renews debate on alternative trading system in Korea

With South Korea’s stock markets maintaining bullish momentum this year, debate about setting up an alternative trading system (ATS) in the co...

Mobile game developer Netmarble Neo kicks off IPO process

Mobile game developer Netmarble Neo kicks off IPO process

Following in the footsteps of its bigger rival Krafton Inc., South Korean mobile game developer Netmarble Neo has kicked off its initial public offe...

Korea’s M&A market heats up with record deals in first half

Korea’s M&A market heats up with record deals in first half

South Korea’s merger and acquisition market is heating up as both big conglomerates and promising startups seek to buy out businesses with gro...

Fried chicken chain bids for Outback Steakhouse Korea

Fried chicken chain bids for Outback Steakhouse Korea

South Korea's No. 2 fried chicken brand BHC Group has submitted a binding offer for the domestic operations of Outback Steakhouse, an Australian-the...

Seegene develops one-stop COVID-19 testing lab on wheels; eyes MENA expansion

Seegene develops one-stop COVID-19 testing lab on wheels; eyes MENA expansion

South Korea-based diagnostic kit maker Seegene Inc. has developed a mobile diagnostic and testing lab that offers a one-stop solution for COVID-19 t...

Korea’s leading e-book startups eye IPO in 2022

Korea’s leading e-book startups eye IPO in 2022

South Korea’s leading e-book platforms are targeting to go public next year. The country’s subscription-based e-book service provider Mi...

BOK chief signals interest rate hike within 2021

BOK chief signals interest rate hike within 2021

The Bank of Korea needs to drop its accommodative monetary stance of the past two years and to begin raising interest rates from this year, the cent...

Shinsegae now Korea’s No.2 e-commerce player with eBay Korea buyout

Shinsegae now Korea’s No.2 e-commerce player with eBay Korea buyout

Shinsegae Group pushed through to be the sole winner in the prolonged race to acquire control of eBay Korea, making it a close runner-up in South Ko...

Malaysia becomes preferred destination for Korea’s convenience chains

Malaysia becomes preferred destination for Korea’s convenience chains

South Korea’s major convenience store chains are rushing to enter the Malaysian market. E-Mart 24, the convenience chain operated by Shinsegae...

Korea’s super-rich: How their wealth ballooned during the pandemic

Korea’s super-rich: How their wealth ballooned during the pandemic

In South Korea, just like any other major economies, the stock market has been a mine of gold even for small investors, who enjoyed hefty gains from...

Cigna seeks to enter Korea's digital non-life insurance market

Cigna seeks to enter Korea's digital non-life insurance market

The US insurance group Cigna looks set to become the first foreign insurer on South Korea's digital non-life insurance platform, with an aim to crac...

Art auction sales in Korea soar to highest point since 2008 financial crisis

Art auction sales in Korea soar to highest point since 2008 financial crisis

South Korea’s art market is facing the biggest boom since the global financial crisis, drawing wealthy investors and art enthusiasts alike. Se...

Toss en route to being Korea’s first fintech decacorn; valuation tops $7 bn

Toss en route to being Korea’s first fintech decacorn; valuation tops $7 bn

South Korea-based mobile financial platform Toss is en route to becoming the country's first fintech decacorn, or a company valued at over $10 billi...

AI startup Voyager X raises over $25 mn in Series A funding round

AI startup Voyager X raises over $25 mn in Series A funding round

South Korea-based artificial intelligence startup Voyager X Inc. has successfully raised around 30 billion won ($26.4 million) in a Series A funding...

Coupang fire may cut ROI of warehouse assets

Coupang fire may cut ROI of warehouse assets

Last week’s devastating fire at a Coupang distribution center, which reportedly burned down more than 16 million items for delivery, is expect...

The butterfly effect: How the W Concept takeover stirred up Korea's fashion industry

The butterfly effect: How the W Concept takeover stirred up Korea's fashion industry

“Just give us three weeks. We’ll offer a price by then.”This conversation took place in early March. A senior executive from retai...

Short-selling ban keeps Korea from MSCI’s developed-markets index

Short-selling ban keeps Korea from MSCI’s developed-markets index

South Korea is unlikely to obtain the global index provider MSCI’s developed-market status this year with the Korean government’s decisi...

Israel’s Nanox begins production of digital X-ray components in Korea

Israel’s Nanox begins production of digital X-ray components in Korea

Nano-X Imaging Ltd. (Nanox), an Israeli startup listed on the Nasdaq last August, has started manufacturing digital X-ray components in South Korea....

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