NPS vows to raise alternative investment ratio, cut bond purchases
South Korea’s National Pension Service (NPS), the world’s third-largest public pension fund, plans to raise the ratio of its alternative...
SK Networks eyes partnership with US-based Bow Capital
SK Networks Co., a South Korean trading company, is seeking to form a partnership with Silicon Valley-based venture capital firm Bow Capital to dive...
Korea’s NPS likely to post 6.4% return for Q1 2023
National Pension Service (NPS) in South Korea achieved a 6.4% return on investment during the first quarter of this year, recovering some 73% of the...
Hanwha Aerospace invests in US secondary battery startup
South Korea's Hanwha Aerospace Co. on Tuesday said it invested in Forge Nano, an American startup with precision nano-coating technology that exte...
POSCO Future M-GM JV to receive investment from Canadian gov’t
POSCO Future M Co., a unit of South Korean steel giant POSCO Holdings Inc., revealed on Monday that Ultium CAM, its joint venture with General Motor...
Hyundai Glovis wins certification for lithium battery air transport
South Korea's logistics company Hyundai Glovis Co. has obtained international certification for specialized transportation, demonstrating its expert...
LG Electronics blocks access to generative AI in company
LG Electronics Inc. has decided to block access to generative AI services through its intranet. Industry sources said on Friday, LG Electroni...
Moody’s cuts credit view on KEPCO to lowest investment grade
Moody’s on Friday cut its view on KEPCO’s credit to the lowest investment grade, a move that could lead the rating agency to downgrade t...
Samsung Electronics opens online pet care store
Samsung Electronics Co. has entered the expanding pet care market with the launch of its Pet Care Store on its official website, according to a stat...
HanAll, Daewoong to develop Parkinson's treatment with US partner
South Korea's HanAll Biopharma Co. and Daewoong Pharmaceutical on Thursday said they concluded a contract with NurrOn Pharmaceuticals of the US on...
Mercedes Korea executive promoted as US customer service chief
Kim Jee-seop, former vice president of the customer service department at Mercedes-Benz Korea, has been promoted to oversee the German automaker&rsq...
GoodGang Labs attracts $2 mn from Kakao Investment
South Korea's GoodGang Labs, a startup focused on developing a 3D avatar-based communication platform, announced on Thursday that it has secured an ...
Samsung Electronics' smart factory project targets SMEs
Sales of Cookia, a small maker of tofu snacks in South Korea based in Yeosu, South Jeolla Province, have jumped eight-fold in six years from 300 mil...
Kakao Mobility uses self-driving vehicles to transport cargo
South Korea’s transportation company Kakao Mobility has launched a project in the nation's fourth-largest city of Daegu to transport people an...
CJ dreams to build new kingdom in US with massive investment
CJ Group, a major South Korean conglomerate with a wide range of businesses spanning everything from food to bio, livestock feed, logistics, enterta...
SK On wins $909 mn from BlackRock, QIA, MBK consortium
SK On Co., the world’s fifth-largest battery maker, has confirmed it will receive a 1.2 trillion won ($908.7 million) investment for a minorit...
S.Korea’s direct investment abroad hits record high in Q1 2023
South Korea’s net international investment position (NIIP) increased in the first quarter on the country’s record-high direct investment...
ASM to invest $100 mn to expand R&D facilities in S.Korea
The Netherlands-based semiconductor equipment maker ASM will invest $100 million (132 billion won) to boost its R&D and production capacities in...
Find opportunities amid macro uncertainty in 2023: M&G
Markets today are in the midst of a shift as interest rate hikes are nearing their end and economic growth is challenged. Other changes in demogra...
Naver’s search engine dominance under siege as Google, MS advance
South Korea’s online portal Naver Corp., the undisputed search engine leader in the domestic market for decades, is under siege as global Big ...
Music copyright trading platform Musicow attracts $46 mn from STIC
Musicow Inc. has garnered an additional 60 billion won ($45.8 million) from Seoul-based venture capital and private equity firm STIC Investments Inc...
CrystalGenomics to sell largest 20% stake to Invites Healthcare for $44 mn
CrystalGenomics Inc., South Korea’s first-generation biopharma venture company, will sell new shares worth 58 billion won ($44 million) in a b...
Korea's two ride hailing apps to merge in H1, become top operator
South Korea’s ride hailing apps TADA and i.M are set to complete their merger as early as the first half of this year, aiming to become the co...
SpaceX pushes back Starlink's S.Korea launch to Q4
Starlink, low-orbit satellite internet constellation operated by the US aerospace company SpaceX, has delayed the launch of its South Korean service...
Hyosung Chemical makes emergency investment in crisis-hit Vietnamese subsidiary
Hyosung Chemical announced on Monday that it will invest $120 million in its Vietnamese subsidiary, Hyosung Vina Chemicals Co.Hyosung Vina Chemicals...
UAE to find $2 bn investment opportunities in S.Korea
The United Arab Emirates (UAE) is reviewing $2 billion worth of investment project in South Korea, such energy and information communications techno...
UAE state funds gear up for $30 bn S.Korean investment
Senior officials of the Abu Dhabi Investment Authority (ADIA) and other major sovereign funds of the United Arab Emirates (UAE) met with executives ...
Hanatour unveils ChatGPT-based travel information service
Hanatour Service Inc. announced on Friday the introduction of its beta service, "Travel Information AI," on Friday. The service utilizes artificial ...
Korea's SK E&S plans $14 bn joint investment in hydrogen biz
South Korea’s SK E&S Co. is poised to spend 18.5 trillion won ($13.9 billion) with partners by 2025 to set up a hydrogen industry value ch...
Kakao migrates global webtoon service environment to Google Cloud
South Korea's Kakao Entertainment Corp., a unit of South Korea’s mobile platform giant Kakao Corp. is joining forces with Google Cloud to glob...
