Grocery delivery platform Oasis valuation tops $650 mn; eyes US expansion

Grocery delivery platform Oasis valuation tops $650 mn; eyes US expansion

South Korea-based grocery delivery platform Oasis Corp., referred to as Oasis Market, has attracted 50 billion won ($44 million) from global private...

Leeno Industrial hits 52-week high, eyes top 10 on Kosdaq

Leeno Industrial hits 52-week high, eyes top 10 on Kosdaq

The stock price of South Korea’s Kosdaq-listed electronic testing components maker Leeno Industrial Inc., previously a small company whose mar...

Samsung, Hanwha Q Cells to offer IoT home energy solutions in US, EU

Samsung, Hanwha Q Cells to offer IoT home energy solutions in US, EU

Samsung Electronics Co. and South Korea’s leading solar panel maker Hanwha Q Cells Co. have joined hands to provide smart home energy solution...

LG CNS to launch Korea’s first drive-through micro-fulfillment center

LG CNS to launch Korea’s first drive-through micro-fulfillment center

Micro-fulfillment is on everyone’s lips these days, or so it seems, as retailers compete to drastically slash delivery times for online orders...

Fleet of Hyundai XCIENT hydrogen truck exceeds 1 million km benchmark

Fleet of Hyundai XCIENT hydrogen truck exceeds 1 million km benchmark

Hyundai Motor Co.’s fleet of fuel cell truck XCIENT has surpassed the benchmark one million kilometers of driving in 11 months of service in S...

Korean corporate bonds suffer from cooling investor sentiment

Korean corporate bonds suffer from cooling investor sentiment

South Korean corporate bond markets are set to suffer from shrinking liquidity as institutional investors are turning cautious and refraining from m...

Coway keeps No.1 spot in Malaysia’s water purifier market for 10 years

Coway keeps No.1 spot in Malaysia’s water purifier market for 10 years

South Korea’s home appliance rental service provider Coway Co. has maintained the top position in Malaysia’s water purifier rental marke...

LG launches QNED TV to rival Samsung in premium TV market

LG launches QNED TV to rival Samsung in premium TV market

LG Electronics Inc. has launched new flashy flagship TV models, with which the South Korean home electronics giant aims to compete with its bigger r...

Impressivo to bridge fitness and healthcare industry via sensing technology

Impressivo to bridge fitness and healthcare industry via sensing technology

San Francisco-based startup Impressivo is seeking partnerships in the fitness and healthcare sector as the company aims to bridge the fitness and he...

Sale of Citibank Korea gains traction; preferred buyer may emerge in July

Sale of Citibank Korea gains traction; preferred buyer may emerge in July

The sale of Citibank Korea’s consumer banking business is gaining traction as potential bidders have started due diligence of the bank, with e...

Korea’s M&A market heats up with record deals in first half

Korea’s M&A market heats up with record deals in first half

South Korea’s merger and acquisition market is heating up as both big conglomerates and promising startups seek to buy out businesses with gro...

KT&G expands global foothold with 4,700 e-cigarette IP rights

KT&G expands global foothold with 4,700 e-cigarette IP rights

The world’s fifth-largest tobacco maker KT&G Corporation is rapidly widening the global reach of its e-cigarette products, which have beco...

Korea’s leading e-book startups eye IPO in 2022

Korea’s leading e-book startups eye IPO in 2022

South Korea’s leading e-book platforms are targeting to go public next year. The country’s subscription-based e-book service provider Mi...

Korea’s super-rich: How their wealth ballooned during the pandemic

Korea’s super-rich: How their wealth ballooned during the pandemic

In South Korea, just like any other major economies, the stock market has been a mine of gold even for small investors, who enjoyed hefty gains from...

Cigna seeks to enter Korea's digital non-life insurance market

Cigna seeks to enter Korea's digital non-life insurance market

The US insurance group Cigna looks set to become the first foreign insurer on South Korea's digital non-life insurance platform, with an aim to crac...

Art auction sales in Korea soar to highest point since 2008 financial crisis

Art auction sales in Korea soar to highest point since 2008 financial crisis

South Korea’s art market is facing the biggest boom since the global financial crisis, drawing wealthy investors and art enthusiasts alike. Se...

DB HiTek in quandary over foundry ramp-up amid chip supercycle

DB HiTek in quandary over foundry ramp-up amid chip supercycle

DB HiTek Co., one of South Korea’s leading foundry chipmakers, is enjoying the current market boom, which is forcing makers of cars and electr...

LX Group’s Pantos to enter e-commerce market with fulfillment service

LX Group’s Pantos to enter e-commerce market with fulfillment service

Pantos Co., the logistics unit of South Korea’s newly established LX Group, is entering the global e-commerce market by launching a worldwide ...

Short-selling ban keeps Korea from MSCI’s developed-markets index

Short-selling ban keeps Korea from MSCI’s developed-markets index

South Korea is unlikely to obtain the global index provider MSCI’s developed-market status this year with the Korean government’s decisi...

Hyundai Santa Cruz to challenge Ford Maverick in US pickup market

Hyundai Santa Cruz to challenge Ford Maverick in US pickup market

Hyundai Motor Co.’s upcoming Santa Cruz pickup is challenging US truck giant Ford Motor Co.'s Maverick even before the South Korean automaker&...

Tencent-backed Krafton's mega IPO seen as overvalued

Tencent-backed Krafton's mega IPO seen as overvalued

South Korea-based game publisher Krafton Inc.'s highly-anticipated initial public offering is raising concerns that it may be overvalued. The compan...

LG Energy supplies batteries to world’s largest Vistra ESS project

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

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 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

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 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

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...

FastFive secures near $30 mn; pushes to become office solutions provider

FastFive secures near $30 mn; pushes to become office solutions provider

South Korea's co-working space provider FastFive Co. announced on June 11 that it has raised 30 billion won ($27 million) from seven investors, brin...

Shinsegae to raise $2 bn in secured loan for eBay Korea

Shinsegae to raise $2 bn in secured loan for eBay Korea

South Korea's Shinsegae and Lotte groups, the two final contenders for eBay Korea, are hurrying to securitize their assets, even offering core real ...

Hyundai Motor, Kia overtake Ford in US auto sales in May

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...

S.Korean game developer Krafton acquires Japan’s ADK for $517 million S.Korea's stablecoin frenzy fuels stock rally despite regulatory uncertainty SK Hynix joins Samsung in 200 trillion won market cap club Samsung on hiring spree to bolster US foundry sales LS Electric poised to join Nvidia's supply chain via Vertiv deal