Hyundai Motor, UAE’s Mubadala to collaborate on future business projects

South Korea’s top automaker Hyundai Motor Co. and the United Arab Emirates’ sovereign wealth fund Mubadala Investment Co. have agreed to...

Korea Housing Finance Corp. opens New York office

Korea Housing Finance Corporation announced on Wednesday that it has opened a New York office to serve as a hub for its overseas fund procurement ac...

China's CICC enters S.Korea with its private equity fund

BEIJING – CICC Capital, a unit of China International Capital Corp. (CICC), has entered the South Korean market with the launch of a private e...

South Korea to launch $7.6 bn supply chain fund, make urea locally

South Korea plans to set up a supply chain stabilization fund of up to 10 trillion won ($7.6 billion) to effectively cope with sudden supply disrupt...

LIG Nex1 to buy quadruped robot maker Ghost Robotics for $240 mn

LIG Nex1 Co., a South Korean weapons system developer, has agreed to buy a 60% stake in Ghost Robotics Corp (GRC), a Philadelphia-based robot develo...

Celltrion Healthcare's Herzuma selected as funded brand in NZ

Celltrion Healthcare Co. announced on Thursday that its biosimilar anticancer drug Herzuma (active ingredient trastuzumab) for breast and gastr...

Palliser Capital urges Samsung C&T reform for $25 bn value-up

London-based hedge fund Palliser Capital said on Wednesday that Samsung C&T Corp. is 63% intrinsically undervalued and could increase its value ...

Hyundai unveils redesigned SUV Tucson

Hyundai Motor Co. on Wednesday unveiled The new Tucson, the partially redesigned model of its flagship mid-sized sports utility vehicle (SUV). Tuc...

Seoul to build huge two-ring Ferris wheel for $700 mn

The Seoul Metropolitan Government on Sunday unveiled the design of a Ferris wheel, tentatively named Seoul Twin Eye, which it plans to complete by 2...

KAI inks deal with SpaceX to launch mid-sized satellites in 2025

Korea Aerospace Industries Ltd. (KAI) announced on Friday that it has signed a deal with the US space firm SpaceX to launch South Korea's next-gener...

Air Premia posts first-ever quarterly profit

Air Premia Inc., a South Korean budget carrier, on Thursday reported its first-ever quarterly profit in the third quarter of this year, fueled by a ...

KIC recoups 40% of 2022’s loss on stock, bond gains

Korea Investment Corp. (KIC) posted a 7.12% return on total asset investments in the first eight months of this year, recouping about 40% of last ye...

More Koreans seek high-yield bond funds, betting the Fed will end hikes

South Korean investors are growing more interested in global high-yield bond funds, betting that the US Federal Reserve is likely to end its interes...

Eastspring Asset in Korea up for grabs at about $77 mn

Eastspring Asset Management Korea Co., the Korean operation of Prudential plc’s asset management unit, is up for sale for about 100 billion wo...

EcoPro Materials' Kospi debut draws investors for short-term gains

Shares in EcoPro Materials Co., South Korean battery materials maker EcoPro Group’s unit that went public on Nov. 17, are skyrocketing as reta...

S.Korea to pour $26 bn in UK’s renewables, infrastructure

South Korea’s sovereign wealth fund, banks and other private sector companies plan to pour £21 billion ($26.3 billion) in renewables, in...

Korean LCCs baffled as Korea-Indonesia aviation talks stall

South Korea’s low-cost carriers (LCCs) may have to shelve plans to launch service to Indonesia after the two countries failed to reach an agre...

KG Mobility unveils Torres in Egypt

South Korean automaker KG Mobility Corp. said on Wednesday that the company unveiled its mid-sized sport utility vehicle (SUV) Torres in Egypt, aimi...

LG Energy may produce mid-nickel EV batteries from 2024

South Korea’s LG Energy Solution Ltd. plans to mass-produce mid-nickel, high-voltage lithium batteries as early as next year, one year ahead o...

Investors roundtable: Watch out for a possible recession

Investors should carefully watch out for the probability of recession and how it will impact asset allocation strategies next year, experts said at ...

VCs give thumbs up to EV, parts/materials, travel tech

The venture capital funding crunch has continued through this year in South Korea but VCs have raised their stakes in select companies in the electr...

LG, Qraft Technologies' AI-powered ETF trades on NYSE

South Korea’s LG Group and Seoul-based Qraft Technologies Inc. have jointly launched an exchange-traded fund (ETF) that selects holdings relat...

Hillhouse to up investment in S.Korea with new hires

Hillhouse Investment Management Ltd., one of the largest private equity firms in Asia, is set to create an investment team dedicated to the South Ko...

Lotte builds US antibody-drug conjugate plant with $82 mn

South Korea’s Lotte Biologics Co. is establishing an antibody-drug conjugate (ADC) factory in Syracuse, New York, with an investment of 110 bi...

Korea Investment, Carlyle Group sign strategic partnership

Korea Investment & Securities Co. announced on Friday it has signed a strategic partnership with Carlyle Group, one of the world's leading priva...

Whole loans offer funding solution for stretched borrowers: Savills IM

Despite the challenging economic environment, there are still plenty of opportunities for profit in commercial real estate, notably through debt i...

S.Korea’s startups see Sept. investment surge 85%

South Korea’s startups last month saw investment rise for the first time this year.The Seoul-based Startup Alliance, a private support organiz...

Shinhan Card's Kazakhstan arm secures $60 mn from IFC

Shinhan Finance, a subsidiary of South Korea's Shinhan Card in Kazakhstan, has attracted a $60 million investment from the International Finance Cor...

One Store secures $14.8 mn investment from Krafton

South Korean homegrown app store One Store Co. has attracted a 20-billion-won ($14.8-million) investment from Krafton Inc. The company's goal is to ...

Korea's Harim to divest of Hanjin KAL shares to fund HMM acquisition

South Korea’s poultry processing company Harim Group is set to sell off all its Hanjin KAL Co. shares its affiliate owns to secure capital for...