new industries
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IPOs
Celltrion seeks large-scale M&A in Q4, eyes 2027 Nasdaq debut
SAN FRANCISCO – South Korea’s leading biosimilar drug developer Celltrion Inc. seeks to acquire a domestic health food maker as early as...
Jan 16, 2025 (Gmt+09:00)
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Corporate bonds
Korean petrochemical sector to sell corporate bonds amid downturn
South Korea’s petrochemical producers are set to issue corporate bonds to take advantage of ample liquidity at the beginning of the year amid ...
Jan 14, 2025 (Gmt+09:00)
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Mergers & Acquisitions
Macquarie kicks off sale of DIG Airgas estimated at over $3.4 billion
Macquarie Asset Management has embarked on a process to sell off its 100% stake in South Korea’s third-largest industrial gas producer DIG Air...
Jan 13, 2025 (Gmt+09:00)
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Memo from Howard Marks
Prices are not high enough? Trees don't grow to the sky
The S&P 500 index just experienced its best two-year streak since the 1997-98 Asian financial crisis, with the hype surrounding artificial intel...
Jan 09, 2025 (Gmt+09:00)
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Earnings
LG Energy logs 1st quarterly loss in over 3 years, outlook remains gloomy
LG Energy Solution Ltd. reported its first quarterly loss in more than three years on Thursday, adding to concerns that the world’s third-larg...
Jan 09, 2025 (Gmt+09:00)
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Electronics
Hanmi Semiconductor to build new TC Bonder plant in Incheon
Hanmi Semiconductor Co., South Korea’s leading chip packaging equipment manufacturer, held a ground-breaking ceremony for its seventh plant of...
Jan 07, 2025 (Gmt+09:00)
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Debt financing
POSCO’s new bond sale seven times oversubscribed
South Korean steelmaker POSCO’s new bond issue for 500 billion won ($343 million) was seven times oversubscribed, which may encourage the comp...
Jan 07, 2025 (Gmt+09:00)
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Webtoons
S.Korea's webtoon industry sales surpasses $1.36 bn
South Korea's webtoon market size surpassed 2 trillion won ($1.36 billion) for the first time. The South Korean Ministry of Culture, Sports and...
Jan 03, 2025 (Gmt+09:00)
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Electric vehicles
Hyundai, Kia EVs qualify for US subsidies for first time
Five electric vehicle models from Hyundai Motor Group, encompassing Kia Corp., were included in the 25 EV models qualifying for US tax credits in 20...
Jan 02, 2025 (Gmt+09:00)
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Korean startups
Fleetune continues evolving for smarter route optimization
Fleetune Inc., a South Korean transportation management service (TMS) platform-developing startup, is gearing up for a big leap next year with relen...
Dec 30, 2024 (Gmt+09:00)
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Business & Politics
Korea’s new acting president assures economy resilient, security tight
South Korea’s new Acting President Choi Sang-mok said on Friday he is confident that the country’s economy is resilient and its national...
Dec 27, 2024 (Gmt+09:00)
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Food & Beverage
SPC Samlip to export ggultteok in H1 2025
SPC Samlip Corp., a subsidiary of South Korea’s food and bakery giant SPC Group, said on Monday that its rice cake franchise Bizeun developed ...
Dec 26, 2024 (Gmt+09:00)
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Petrochemicals
Korea to ease rules for petrochem industry M&As, plant closures
South Korea will ease regulations and offer incentives to facilitate the restructuring of domestic petrochemical makers battling a global suppl...
Dec 24, 2024 (Gmt+09:00)
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Retail
E-Land manages New Balance’s record $689 mn in Korean sales
South Korea’s retail giant E-Land Group has achieved 1 trillion won ($689 million) in Korean sales of the global sports footwear and apparel b...
Dec 23, 2024 (Gmt+09:00)
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Automobiles
Kia aims to reclaim Europe with EV2, keeps K4 output unchanged in Mexico
Kia Corp., South Korea’s second-largest carmaker, will start producing its entry-level electrified model EV2 from its plant in Slovakia next y...
Dec 23, 2024 (Gmt+09:00)
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Batteries
LG Energy, Qualcomm to commercialize BMS solution
South Korea's LG Energy Solution Ltd. said on Monday it partnered with Qualcomm Technologies to commercialize its new system-on-chip (SoC)-based bat...
Dec 23, 2024 (Gmt+09:00)
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Foreign exchange
South Korea to ease foreign exchange regulations, expand FX swap line
South Korea’s foreign authorities said on Friday they will ease foreign exchange regulations to allow more dollars into the domestic financial...
Dec 20, 2024 (Gmt+09:00)
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Korean food
Daesang launches kimchi brand with three-Michelin-star chef
South Korean leading food maker Daesang Corp., the operator of kimchi brand Jongga, said on Thursday it launched San Ho Won with three-Michelin-star...
Dec 19, 2024 (Gmt+09:00)
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Bio & Pharma
Celltrion’s 4 new biosimilars win EU approval recommendation
Celltrion Inc. is one step closer to commercializing its four new biosimilars in Europe after a committee of the European Medicines Agency (EMA) rec...
Dec 16, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Hyosung TNC acquires Hyosung Chemical’s specialty gas unit for $642 mn
Hyosung TNC Corp., a South Korean textile and yarn maker, said on Thursday it will acquire the specialty gas division of Hyosung Chemical Corp. for ...
Dec 12, 2024 (Gmt+09:00)
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Bio & Pharma
SK Pharmteco bags obesity treatment deal worth up to $1.4 bn
SK Pharmteco Co., a contract development and manufacturing organization (CDMO), has secured an obesity treatment order worth up to 2 trillion won ($...
Dec 11, 2024 (Gmt+09:00)
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Artificial intelligence
Samsung SDS to build AI-focused data center at Samsung Electronics’ plant
Samsung SDS Co., the information technology service unit of South Korea’s Samsung Group, plans to build an artificial intelligence data center...
Dec 10, 2024 (Gmt+09:00)
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Upcoming IPOs
LG CNS to use IPO proceeds to buy foreign IT firm
LG CNS Co., the information technology service unit of South Korea’s LG Group, plans to acquire a foreign IT company with the proceeds from it...
Dec 09, 2024 (Gmt+09:00)
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Economy
Korean economic policy chiefs play down martial law impact
South Korea’s Finance Minister Choi Sang-mok said on Friday that President Yoon Suk Yeol’s failed martial law attempt will have a very l...
Dec 06, 2024 (Gmt+09:00)
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Construction
Hanwha E&C to resume $10.4 billion Bismayah new city project in Iraq
Hanwha Engineering & Construction Co., an affiliate of South Korea’s Hanwha Group, said on Friday it is set to fully resume a $10.4 billio...
Dec 06, 2024 (Gmt+09:00)
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Robotics
POSCO to buy Korean robotics firm stake for steel business
South Korea’s steel-to-battery materials conglomerate POSCO Group will invest in the leading domestic robotics company to boost its ailing ste...
Dec 01, 2024 (Gmt+09:00)
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Petrochemicals
HD Hyundai Oilbank ventures into bioenergy sector as new growth driver
HD Hyundai Oilbank Co., a South Korean crude oil refiner backed by Saudi Aramco, is diversifying its business beyond fossil fuel-centered operations...
Nov 29, 2024 (Gmt+09:00)
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Venture capital
S.Korean startup accelerators to boost overseas biz
South Korean accelerators (ACs) are turning to Southeast Asia and the Middle East market to support startups and expand their reach.ACs, companies t...
Nov 29, 2024 (Gmt+09:00)
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Corporate bonds
Triple-A rated SK Telecom, KT tap 10-year bond market
South Korean companies with top-notch credit ratings such as SK Telecom Co. and KT Corp. are returning to the long-term bond market amid growing int...
Nov 26, 2024 (Gmt+09:00)
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Leadership & Management
Hyundai’s José Muñoz sees new Trump policy, China's rise as opportunity
LOS ANGELES – José Muñoz, freshly tapped as the next chief executive of Hyundai Motor Co., says the current market uncertainty s...
Nov 25, 2024 (Gmt+09:00)
Latest News
- 1 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 2 Korea to allow non-profits to buy bad consumer loans
- 3 LG to drive future growth in emerging markets with battery prowess
- 4 South Korean President Lee, Japanese Prime Minister Ishiba seek closer ties
- 5 Naver Ventures to plant flag in Silicon Valley with TwelveLabs bet