IONIQ 5 emerges as EV game changer with industry accolades

NEW YORK – Hyundai Motor Co.'s all-electric IONIQ 5 crossover has been named the World Car of the Year following a series of recent indus...

Kakao Entertainment sets up content ecosystem with M&As

Kakao Entertainment Corp., a unit of South Korea’s top mobile messenger app operator, has established its own content ecosystem including crea...

SK Telecom steps up metaverse push with Morph Interactive purchase

SK Telecom Co., South Korea’s top mobile carrier, has made an equity investment in Morph Interactive Co., a local three-dimensional graphics c...

Naver aims to attract 1 bn users via active M&As by 2027

Naver Corp. vows to attract 1 billion users around the world and generate 15 trillion won ($12.2 billion) in five years. Only FAANG companies...

FDA to review Hanmi Pharmaceutical’s Rolontis for marketing approval

The US Food and Drug Administration has begun reviewing a medicine developed by South Korea’s Hanmi Pharmaceutical Co. for marketing authoriza...

Hyundai to tackle EV rivals head on at New York auto show

NEW YORK – Hyundai Motor Co. and its affiliate Kia Corp. are set to fully unveil their redesigned vehicles at the upcoming New York Auto Show ...

High conviction in private credit for a global portfolio  

It seems as though the list of risks to investors is rising. Supply chain imbalances, higher raw material costs, rising interest rates, labor shortage...

E-Mart to join buyout of Korean meat importer

E-Mart Inc., South Korea’s retail giant Shinsegae Inc.’s supermarket chain, is slated to participate in IGIS Investment Partner’s ...

LG Energy Q1 profit beats forecast on strong demand, price hikes

LG Energy Solution Ltd., the world’s second-largest electric vehicle battery maker, reported a lower-than-expected decline in quarterly profit...

S.Korea to scrap plans to sell Ambatovy mine stake

President-elect Yoon Suk-yeol will scrap the outgoing government’s plan to sell off its stakes in loss-making overseas mines, including the Am...

Kurly’s mounting losses spark controversy over planned IPO

South Korea’s Kurly Inc. nearly doubled its on-year losses on higher costs last year -- raising market controversy over its listing -- as the ...

Mirae Asset Global REIT to raise $371 mn for US warehouses

Mirae Asset Global Real Estate Investment Trust Co., a South Korean listed REIT under Mirae Asset Global Investments Co., is set to raise around 450...

Korean PE firm in exclusive talks to buy golf grip brand SuperStroke

South Korea's Daol Private Equity, formerly known as KTB Private Equity, is in exclusive talks to buy the entirety of SuperStroke, a US golf grips m...

Korea’s top adult webtoon platform targets global market

Topco, South Korea’s top adult webtoon platform operator, is targeting the global digital comic market with the goal to expand its business in...

Korea’s battery trio cornered by Chinese rivals’ overseas advance

China’s leading battery makers are actively advancing into overseas markets with plans to build manufacturing factories close to their clients...

Hyundai, Kia outperform competitors in US in Q1

Hyundai Motor Co. and Kia Corp., automaking units of Hyundai Motor Group, logged a smaller decline in US car sales than their global competitors in ...

KT, NHN launch cloud subsidiaries

South Korea’s second-largest wireless carrier KT Corp. launched a cloud computing subsidiary on Friday. Cloud computing is the on-demand ...

SK On to raise $822.5 mn from Korean PEF consortium

South Korea’s SK On Co., the world’s fifth-largest electric vehicle battery maker, is set to raise up to 1 trillion won ($822.5 million)...

SaaS provider Clika wants to lead S. Korea's MLOps market

The wider adoption of artificial intelligence around the globe calls for more data in the form of high quality photos, videos, and text. With t...

How Glenwood made twofold return from HanGlas without dividends

Seoul based-Glenwood Private Equity, founded in 2014, has been quietly building its presence in the South Korean M&A market, chasing assets deem...

SK Bioscience seeks multi-billion-dollar M&As, eyes gene therapy sector

SK Bioscience Co., the biopharmaceutical unit of South Korea’s SK Group, is seeking multi-billion-dollar mergers and acquisitions to expand it...

EDGC enters US procurement market with medical supplies

Eone Diagnomics Genome Center Co. (EDGC), a South Korean healthcare firm specializing in genetic analysis technology, is set to enter the US governm...

Samsung to work with Western Digital on next-gen storage technology 

Samsung Electronics Co. and Western Digital Technologies Inc. announced Wednesday the two parties signed a memorandum of understanding (MOU) to coll...

Kia set to break ground on purpose-built vehicle plant in 2023

Kia Corp., South Korea’s second-largest automaker, plans to break ground on the construction of its first purpose-built vehicle (PBV) plant ne...

Dell, SK team up for 5G mobile edge computing market

South Korea's top mobile carrier SK Telecom Co. (SKT) has joined hands with Dell Technologies Inc. to launch a 5G mobile edge computing (MEC) platfo...

Hanwha Solutions wins France's solar farm project

Q Cells, a renewable energy division of South Korea's Hanwha Solutions Corp., has clinched a large-scale solar energy project in France, acceleratin...

KTB rebrands with name change as Daol Financial Group

Daol Financial Group of South Korea, formerly known as KTB Financial Group, announced on March 25 the change in the company's name. Daol, a Korean w...

LG Household to lower reliance on Chinese market as shares slump

LG Household & Health Care Ltd. was one of the most coveted shares on the Korean bouse in the past couple of years as the company basked in the ...

Korea's major fashion firms rush to embrace content marketing

Major South Korean fashion companies are speeding up their investment in content startups. F&F Holdings, the distributor of the US outdoor brand...

Samsung launches LTE-only Galaxy A23 to target low-end market

Samsung Electronics Co. on Friday launched the 4G LTE Galaxy A23 smartphone, a cheaper version of its flagship Galaxy A series models, targeting the...