Hyundai Glovis opens firm in Chengdu for logistics to Europe

Hyundai Glovis Co., a logistics unit of Hyundai Motor Group, has founded an affiliate in Chengdu, the largest trade city in western China, for rai...

POSCO mothballs Korea’s oldest blast furnace for carbon neutrality

Park Tae-joon, the late honorary chairman of POSCO Co., and other key founding members of the global steel giant celebrated on June 9, 1973, when So...

Telecom giant KT to develop its own NPU, AI ecosystem

Telecommunications giant KT Corp. announced concrete plans to launch its artificial intelligence infrastructure business by joining forces with indu...

NH, KB ranked top S.Korean equity, debt underwriters

Fundraising via initial public offerings and rights issues in South Korea more than doubled to 27.2 trillion won ($23 billion) in 2021 from a year a...

Korea’s Ants dump single-day record $2.7 bn shares, turn eyes overseas

South Korea’s retail investors on Tuesday dumped 3.16 trillion won ($2.7 billion) worth of shares on the country’s two main stock market...

Affinity picks Goldman as adviser for Burger King Korea, Japan sales

Affinity Equity Partners has chosen Goldman Sachs as its adviser for the planned sale of its entire stakes in Burger King’s operations in Kore...

E-Mart in exclusive talks to buy US food company

South Korea's largest supermarket chain E-Mart Inc. has spent nearly $4 billion on acquisition deals so far this year, including the $3 billion purc...

Korea’s IPO market renews record highs

South Korea’s initial public offering market continues to rewrite history this year. More than 20 million people have participated in the...

China’s tighter grip on supply chain hurts Korean battery makers

While the recent urea crisis laid bare South Korea’s heavy dependence on China for the basic raw material, concerns are growing that the count...

S.Korea's car output tumbles to lowest in 17 years

South Korea's car output in 2021 is estimated to have tumbled to its lowest level in 17 years as a global shortage of semiconductors slowed down pro...

HK inno.N’s K-CAB a blockbuster drug with $843 million exports

South Korea’s HK inno.N Corp. has signed a 640 billion won ($540 million) contract to license out its technology for K-CAB, a gastroesophageal...

Korea battery makers suffer under growing China dominance

South Korean battery manufacturers are suffering from the growing dominance of their Chinese competitors in the world’s electric vehicle marke...

Korea’s No.1 bakery franchise successfully settles in US

Paris Baguette, South Korea’s top bakery franchise, has successfully settled in the US market, paving the way to expand its business throughou...

Naver Webtoon to acquire Korea’s virtual human maker

Naver Webtoon Ltd., the digital comics platform of South Korea’s online portal giant Naver Corp., is set to acquire the management rights of d...

VCs in Korea shell out in search of next unicorns

2021 has been a heyday for Korea’s startup ecosystem – especially for the VCs that invest in it. In the first three quarters of this ye...

SK Biopharm releases epilepsy treatment in UK

South Korean SK Biopharmaceuticals Co. launched its epilepsy treatment Cenobamate in the UK, rapidly expanding the company’s presence in Europ...

Unicorns like Socar and Kurly to dominate Q2 IPOs

Korea’s first mobility unicorn Socar and an online grocery delivery service operator Kurly Inc. are scheduled to begin the process of an IPO e...

Korea's gaming industry turns to blockchain, unwavered by Seoul’s policy

Come next year, Korea’s online game developers are poised to release a number of games on blockchain platforms.The companies have lined up the...

Pangyo, Bundang among Asia's hot office areas, DWS says

Many cities across the Asia-Pacific are springing up with exciting urban office districts, which offer attractive office investment opportunities,...

Korean unicorns jump fivefold in four years with record investment in 2021

Investment in South Korean startups hit an all-time high in 2021 as the number of new unicorns, unlisted companies with a valuation topping $1 billi...

Money moves back to safe assets in Korea amid rising interest rates

With stock and cryptocurrency fevers subsiding amid a monetary tightening bias, South Koreans are moving their money back to safe assets, as banks s...

Samsung Elec launches dedicated team for China

Samsung Electronics Co., South Korea’s top tech giant, has established a dedicated team for the Chinese market, where its smartphone and home ...

Hyundai Motor reshuffles overseas units to deal with changing markets

Hyundai Motor Co., South Korea’s top automaker, has reorganized its overseas units, reducing the number of business sectors to five from nine,...

Korea’s DL Energy to expand US power plant business

South Korea’s DL Energy is set to expand its power plant business in the US.DL Energy, formerly known as Daelim Energy, said on Dec. 17 that i...

Hyundai’s Motional, Uber to launch self-driving food delivery service

Motional Inc., a US mobility joint venture between Hyundai Motor Co. and Aptiv PLC, has teamed up with Uber Technologies Inc. to provide an autonomo...

Samsung supplies self-driving, infotainment chips to global carmaker

Samsung Electronics Co. is supplying advanced memory chips to an unidentified global automaker for use in its self-driving and infotainment systems....

Korea’s No. 2 art auction house to go public in Jan

K Auction, South Korea’s No. 2 art auction house, is set to go public in January 2022 as it aims to court the domestic leader Seoul Auction Co...

Dunamu, Naver Z invest $8.5 mn in metaverse firm Persona Space

Persona Space, a subsidiary of South Korean metaverse company Galaxy Corp., said on Dec. 16 it has attracted 10 billion won ($8.5 million) investm...

Starbucks Korea secures No.1 spot in crowded market

Starbucks Korea's sales are on course to exceed 2 trillion won ($1.7 billion) this year, the largest-ever annual revenue for a coffee franchise oper...

Korea’s MedPacto, Merck plan phase 3 trials of colorectal cancer drug

MedPacto Inc., a South Korean biotechnology company that develops therapeutics for cancer and autoimmune diseases, has agreed with global drugmaker ...