K-pop evolves far beyond Korean nationality and language
South Korean music, entertainment and content firms are undergoing a major transformation in their business model. No longer is their discovery of n...
MBK sees new opportunities in China's regulatory risk
China's regulatory crackdown on Chinese technology and private education companies is driving up the level of volatility and creating mispricing in ...
Global carmakers to speed up EV push as governments pressure harder
US and European governments are pressing harder with tough regulations to expand electric vehicles (EV) adoption for cutting emission. Global automa...
New FSC chief nominee tough on household debt, against cryptocurrencies
South Korea’s incoming financial regulatory chief says his policy priority is on limiting economic and financial risks stemming from higher ho...
SK Hynix to set up US NAND firm led by Intel’s senior vice president
SK Hynix that took over Intel Corp.’s NAND memory chip business plans to set up a new company in the United States. Intel’s senior vice ...
Nexon reveals upcoming 'super' games, eyes entertainment IPs
South Korea's leading game company Nexon Co. has unveiled a massive lineup of super games in development alongside plans to expand its intellectual ...
Celltrion to enter clinical trials of new COVID-19 treatment
South Korean biosimilar maker Celltrion Inc. will launch the first-phase clinical trials of its new COVID-19 treatment candidate next month, followi...
KKR, IMM PE in bid for SK E&S' $2 bn preferred shares
KKR & Co., IMM Private Equity and Glenwood Private Equity are among the preliminary bidders for 2 trillion won ($1.9 billion) worth of new prefe...
Daewoong Pharmaceutical aims to top $4 bn in sales by 2027
South Korea-based Daewoong Pharmaceutical Co. is hoping to achieve 5 trillion won ($4.4 billion) in sales by 2027, meaning that the company aims to ...
Korean conglomerates turn to startups to tackle new ventures and ESG
South Korean conglomerates have been reaching out to D.CAMP, the country's largest non-profit foundation for startups, to get in touch with domestic...
Nexon founder resigns in top management reshuffle
South Korean game company Nexon’s founder Kim Jung-ju has resigned from the chief executive position at NXC Corp., the holding company of Nexo...
CJ ENM to build virtual studio with Samsung’s new commercial displays
South Korean media company CJ ENM Co. is using Samsung Electronics Co.’s new commercial displays for a virtual production studio to spearhead ...
Samsung to launch much-anticipated QD-OLED TV, expand MicroLED lines
Samsung Electronics Co., the world’s largest TV maker, will launch the much-anticipated QD-OLED TV in the first half of next year, while expan...
Samsung launches upgraded commercial MicroLED display The Wall
Samsung Electronics Co., the world’s largest TV maker, is launching an upgraded model of The Wall, a large-size modular MicroLED display produ...
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...
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...
Samsung courts image sensor leader Sony with new automotive products
Samsung Electronics Co., the world’s second-largest image sensor maker, is courting industry leader Sony Corp. with its new line of automotive...
Samsung Electro-Mechanics targets EV parts
Samsung Electro-Mechanics, a South Korean electronic components maker, aims to expand its business in the booming electric vehicle (EV) parts market...
Debt-ridden Ssangyong to sell car plant in self-rescue drive
Ssangyong Motor Co., the debt-ridden South Korean unit of India’s Mahindra and Mahindra Ltd. now in court receivership, has decided to sell it...
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...
Cash-strapped Korean LCCs to bolster capital: Jeju Air to raise $175 mn
Jeju Air Co., South Korea’s largest low-cost carrier (LCC), seeks to raise some $175 million in new shares to boost its capital base, raising ...
LegoChem’s biotech platform drives 28% share price spike over last month
The rise of the platform economy is a global phenomenon. The spread of the coronavirus pandemic has accelerated the use of contactless technology an...
SK Biopharm aims to make it to global top 10 healthcare firms by 2030
South Korea’s SK Biopharmaceuticals Co. said on Friday it aspires to become one of the world’s top 10 healthcare companies by 2030 with ...
LG invests $88 mn in Kakao Mobility as both seek new growth opportunities
LG Corp., the holding company of South Korea’s fourth-largest conglomerate LG Group, is investing 100 billion won ($88 million) in Kakao Mobil...
KIC aims to boost alternatives to 25% by 2027
The Korea Investment Corporation (KIC) will gradually increase alternative investments such as venture capital, private equity and debt, and infrast...
Korean corporate bonds suffer from cooling investor sentiment
South Korean corporate bond markets are set to suffer from shrinking liquidity as institutional investors are turning cautious and refraining from m...
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...
Naver expands ties with CJ Group into OTT platform
South Korea's Naver Corp. has agreed to buy 40 billion won ($35 million) worth of new shares in the domestic over-the-top (OTT) services provider TV...
Taiwan’s Fubon Life raises stake in Korean unit via $405 mn rights offer
Fubon Life Insurance Co., a unit of Taiwan’s Fubon Financial Holding Co., has raised its stake in a Korean joint venture with Hyundai Motor Gr...
Hyundai Motor, Grab deepen partnership for EV adoption in Southeast Asia
South Korea’s Hyundai Motor Group and Grab Holdings Inc. have agreed to strengthen their partnership in mobility services to accelerate the ad...
