Samsung SDS to offer customized cloud services

Samsung SDS to offer customized cloud services

Samsung SDS Co. is ready to offer easy-to-use, customized cloud storage services to help its clients' digital transformation, its Chief Executive Hw...

Kyochon F&B opens new store at Kuala Lumpur Airport

Kyochon F&B opens new store at Kuala Lumpur Airport

South Korea's fried chicken chain Kyochon F&B is spreading its wings in Malaysia, where it has recently opened a new store at the bustling Kuala...

Korea’s SPC Samlip, Siam Makro to tie up for Thai bakery business

Korea’s SPC Samlip, Siam Makro to tie up for Thai bakery business

SPC Samlip Corp., a unit of South Korea’s food and bakery giant SPC Group, said on Monday it has forged a business partnership with Siam Makro...

SK Incheon Petrochemical invests in domestic recycling waste tire startup

SK Incheon Petrochemical invests in domestic recycling waste tire startup

SK Incheon Petrochemical, a subsidiary of South Korea’s SK Innovation Co., on Sunday said it made an equity investment in the eco-friendly sta...

SK Materials makes equity investment in ION for CO2 capture partnership

SK Materials makes equity investment in ION for CO2 capture partnership

SK Materials Co., an industrial gas manufacturing affiliate of South Korea’s SK Inc., has made an equity investment in ION Clean Energy Inc., ...

S.Korea's KGC to spur ginseng sales in China with state-run CR Group

S.Korea's KGC to spur ginseng sales in China with state-run CR Group

Korea Ginseng Corp. (KGC), wholly owned by South Korean tobacco giant KT&G Corp., is set to accelerate sales of its ginseng products across Chin...

S.Korea's GEPS logs 10.2% return on alternative assets in 2022

S.Korea's GEPS logs 10.2% return on alternative assets in 2022

South Korea’s Government Employees Pension Service (GEPS) had a 4.4% loss on investment last year, seeing its assets under management (AUM) dr...

BC Card shows one-stop payment int'l network at MWC 2023

BC Card shows one-stop payment int'l network at MWC 2023

BC Card, the only credit card company from South Korea taking part in this year's Mobile World Congress (MWC) in Barcelona, Spain, is displaying at ...

POSCO Int'l, Daesang sign MOU to cooperate in food business

POSCO Int'l, Daesang sign MOU to cooperate in food business

POSCO International, South Korea's largest general trading company, announced on Friday that teams up with Daesang Corp. in the food business area.P...

Affinity refinances $130 mn debt as Burger King sale delayed

Affinity refinances $130 mn debt as Burger King sale delayed

Affinity Equity Partners has refinanced 170 billion won ($130 million) in debt borrowed to acquire Burger King’s operations in South Korea and...

S.Korean investors eye VC, growth equity in tech: Adams Street

S.Korean investors eye VC, growth equity in tech: Adams Street

Many investors are questioning whether private markets will stay bullish amid uncertainty in 2023. The markets will continue to generate interesting...

Turkey approves Hanwha Group's acquisition of DSME

Turkey approves Hanwha Group's acquisition of DSME

The Turkish competition authority has approved Hanwha Group’s acquisition of Daewoo Shipbuilding & Marine Engineering Co. (DSME), the firs...

Patty-cooking robotics startup Aniai completes seed funding

Patty-cooking robotics startup Aniai completes seed funding

Aniai Inc., a foodservice robotics developer founded by a South Korean, said on Feb. 21 it has attracted $3 million via a seed funding round to boos...

Hyundai's IONIQ 5 named best EV in Germany, Canada

Hyundai's IONIQ 5 named best EV in Germany, Canada

Hyundai Motor Co. on Sunday said its crossover electric vehicle (EV) sport-utility vehicle (SUV) IONIQ 5 was named the 2023 Canadian Utility Vehicle...

Korea's Cha Bio Group to expand overseas real estate business

Korea's Cha Bio Group to expand overseas real estate business

Cha Bio Group, consisting of Cha Biotech and Cha Vaccine Research Institute as its subsidiaries, has announced its expansion into the real estate in...

S.Korea's Hwajin Medical gets FDA sales approval for syringes

S.Korea's Hwajin Medical gets FDA sales approval for syringes

HLB Therapeutics Co. announced Thursday that Sofjec, a syringe produced by its subsidiary Hwajin Medical, has been approved for sale by the US Food ...

Korean PE firm STIC to buy stake in copper foil maker Iljin

Korean PE firm STIC to buy stake in copper foil maker Iljin

South Korean private equity firm STIC Investments is poised to become the second-largest shareholder of Iljin Materials Co., a Kosdaq-listed battery...

Korean sovereign wealth fund KIC logs record loss in 2022

Korean sovereign wealth fund KIC logs record loss in 2022

Sovereign wealth fund Korea Investment Corporation (KIC) posted the largest annual loss last year since its inception in 2005, according to its 20...

S.Korea's Hyundai Genuine opens parts distribution center in Jakarta

S.Korea's Hyundai Genuine opens parts distribution center in Jakarta

Hyundai Construction Equipment Co., the machinery parts-making subsidiary of South Korea's Hyundai Genuine, on Wednesday said it recently opened a p...

Samsung secures $16 bn loan from display unit for chipmaking

Samsung secures $16 bn loan from display unit for chipmaking

South Korea's Samsung Electronics Co., the world’s largest memory chipmaker, has signed a deal to take out a cash loan of 20 trillion won ($15...

Korean builders to ramp up overseas business in 2023

Korean builders to ramp up overseas business in 2023

Major South Korean construction firms are set to expand their overseas business while reducing domestic projects this year to boost profitability. T...

S.Korean listed companies' cancelled shares reach $8.6 bn over past 3 years

S.Korean listed companies' cancelled shares reach $8.6 bn over past 3 years

South Korea's listed companies have cancelled 11 trillion won ($8.6 billion) worth of shares over the past three years.The Korea Exchange said on Su...

S.Korea doubles undocumented overseas remittance limit to $100,000

S.Korea doubles undocumented overseas remittance limit to $100,000

South Korea as early as June will double its annual limit on overseas remittance without evidential documents from $50,000 to $100,000.The Ministry ...

Aekyung Chemical to expand surfactant plant in Vietnam

Aekyung Chemical to expand surfactant plant in Vietnam

Aekyung Chemical plans to expand its surfactant plant in Vietnam, with the aim of targeting global markets in Southeast Asia, the company said on Fr...

Korea seeks legal system for independent equity research firms

Korea seeks legal system for independent equity research firms

South Korea is set to establish a legal system for independent equity research providers this year to protect individual investors, who could be dam...

Hanwha Hotels & Resorts to work with Vietnam's Lodgis to expand overseas network

Hanwha Hotels & Resorts to work with Vietnam's Lodgis to expand overseas network

South Korea's Hanwha Hotels & Resorts Co., Ltd. said on Wednesday that it has signed a strategic memorandum of understanding (MOU) with Lodgis H...

SGC Solutions expands overseas sales channels for its brand Glasslock

SGC Solutions expands overseas sales channels for its brand Glasslock

South Korea's glassware maker SGC Solutions said Tuesday that it has signed a memorandum of understanding (MOU) with the Korea Small & Medium Bu...

POSCO gets nod for battery technology transfer to overseas plants

POSCO gets nod for battery technology transfer to overseas plants

POSCO Chemical Co., a unit of South Korean steelmaker POSCO Holdings Co., on Thursday won government approval to transfer technology to its overseas...

Samsung Biologics CEO focuses on global business

Samsung Biologics CEO focuses on global business

John Rim, chief executive of Samsung BioLogics will directly lead his company's global sales operations for biopharmaceuticals through contract deve...

Korean tractor exports hit record high of $1.3 bn in 2022

Korean tractor exports hit record high of $1.3 bn in 2022

Exports of South Korean tractors hit a fresh record high for the second consecutive year in 2022, according to Korea Customs Service on Jan. 24. Kor...

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 Samsung Asset leads H1 AUM rankings amid ETF boom