LG Energy supplies batteries to world’s largest Vistra ESS project
South Korea’s LG Energy Solution Ltd. is supplying batteries to the world’s largest energy storage system (ESS) project operated by US p...
Hyundai, Kia outrival Japanese carmakers in India, other emerging markets
India, one of the world’s fastest-growing auto markets, has for decades been dominated by Japan’s Suzuki Motor Corp., which runs Maruti ...
Secondary PE deals headed for record year: Pomona Capital
Secondary private equity deals have been the fastest-growing segment of the private equity market for several years and this year, they could exceed...
Naver, techfins poised to spark Korean loan market's Big Bang
South Korea's online giant Naver Corp. is preparing to join a government-initiated fintech platform, on which individual borrowers can directly sear...
Samsung Electronics to market wearable robot for healthcare by year-end
Samsung Electronics Co. will commercialize a wearable robot for healthcare by the end of this year as the South Korean tech giant is delving into th...
Hana Financial partners with Line to launch digital bank in Indonesia
Naver Corp.’s Japan-based messaging app affiliate Line Corp. is rapidly expanding its digital banking business in Asian countries outside Kore...
Hyundai Motor, Kia overtake Ford in US auto sales in May
Hyundai Motor Co. and Kia Corp., the two automaking units of South Korea’s Hyundai Motor Group, in May sold more cars in the US than Ford Moto...
Samsung unveils low-end 5G phone to rival China’s cheap models
Samsung Electronics Co. on Friday launched a low-end 5G smartphone in overseas markets amid intensified price competition initiated by Chinese mobil...
Kakao just behind rival Naver in market cap, may overtake soon
South Korean mobile platform giant Kakao Corp.’s enterprise value is rising backed by its strong business performance, threatening to overtake...
Naver to gain toehold in OTT market via CJ ENM
South Korea's Naver Corp. is expanding its footprint into the over-the-top (OTT) media service market by acquiring a stake in CJ ENM Co.'s OTT platf...
Chanel, Hermes, LV raise prices in Korea, but sales remain strong
Luxury brands are hiking up prices in South Korea. Designers such as Hermes, Louis Vuitton and Chanel have increased their prices in Korea this year...
Samsung loses ground in foundry market as TSMC ties in with Japanese firms
Samsung Electronics Co., which is losing share of the global foundry market, has come under increased pressure from its bigger rival Taiwan Semicond...
Market Kurly raises another $200 mn at a $2 bn valuation
The valuation of Kurly Inc. has now surpassed 2 trillion won ($1.8 billion). The operator of South Korea’s online grocery and gourmet fo...
K-pop content platforms team up to take lead in community market
Platform operators targeting global K-pop fans are mired in fierce competition as companies team up to vie for the lead in the fan community platfor...
Samsung Display to expand small OLED line with $2.7 bn investment
Samsung Display Co., South Korea’s largest display maker, plans to spend as much as 3 trillion won ($2.7 billion) to build a new organic light...
Survival of the richest: Coupang corners Baemin
South Korea's e-commerce giant Coupang Corp. is ready to take over the food delivery market via aggressive investments -- a move that is pressuring ...
Long-term transformation in public markets: ValueAct
On May 12th ValueAct Partner, CEO, and Chief Investment Officer G. Mason Morfit appeared at the ASK Global Conference 2021 hosted by The Korea Econo...
HYBE x McDonald’s: The BTS Meal launches globally
McDonald’s has launched The BTS Meal on May 26 in the first selected group of 12 markets including Brazil, Canada and the US. The BTS meal is ...
Money flowing into fast-growing sneaker resale market
South Korea-based online fashion platform Musinsa has spun off its sneaker resale platform SoldOut to create a subsidiary named SLDT, alongside secu...
Cloud firms rush to secure footing in pet data market
The pet care market is set to ride a "cloud wave" as companies make use of pet data on cloud storage spaces to tap into the growing pet care market,...
Long-term Treasurys still viable option: The D. E. Shaw Group
US Treasury bonds with longer maturities remain effective hedging instruments against inflation in the current low rate environment, according to Th...
Korean firms emerge triumphant from pandemic with record Q1 profits
South Korean companies have posted their best-ever quarterly sales and operating profits, emerging from a year-long slump caused by the global COVID...
Chat fiction app operator eyes global expansion, webtoon market
As smartphones have become essential to everyday life, chat fiction -- storytelling in the form of fictional text messaging -- has become popular am...
Blackpink label YG delivers Q1 earnings surprise; 90% above market consensus
YG Entertainment Inc. has delivered earnings surprise in the first quarter of this year, thanks to its K-pop girl group Blackpink's powerful fandom ...
Heavy household borrowing fans Korea’s asset market overheating
South Korea’s asset market is showing signs of overheating as households take out fresh loans at a record pace to invest in initial share sale...
S.Korea: 11th in global export market for top-ranked items
South Korea ranks 11th in global export market shares with 69 top-ranked items -- reaching an all-time high In 2019, South Korean products ranked 1...
PEFs knocking on door of Korean IPO market for profitable divestment
South Korean and overseas private equity firms are knocking on the door of the initial public offering market for profitable divestments, riding the...
Samsung to jump into laptop processor market with Exynos chip in H2
With the global laptop computer market growing rapidly in the pandemic-caused work-and-learn from home era, Samsung Electronics Co. is working on a ...
Samsung sharpens DRAM marketing prowess vs Micron
During Samsung Electronics Co.'s first-quarter conference call with analysts on Apr. 26, UBS analyst Nicolas Gaudois asked about the South Korean ch...
Freelancer market platform Kmong raises near $28mn in Series C round
South-Korea based freelancer market platform Kmong Inc. has successfully attracted 31.2 billion won ($27.8 million) in its latest Series C funding, ...
