Seoul launches investment promotion agency for FDI expansion

The city of Seoul launched Invest Seoul on Feb. 7, an investment promotion agency (IPA) to attract foreign investment and overseas companies. The ca...

Grade-A office deals in Seoul hit record-high $14 bn in 2021: JLL

Grade-A office transactions in Seoul hit a record high of 17.1 trillion won ($14.2 billion) in 2021, breaking the 16.6 trillion won record set in 20...

Daewoo Shipbuilding to look for domestic buyer: KDB

The state-run Korea Development Bank (KDB), the main creditor of Daewoo Shipbuilding and Marine Engineering Co., said on Thursday it will look for a...

Kospi melts as Fed, LG Energy spur foreign selling

South Korean stocks lost ground with the main index entering a bear market on Thursday as foreign investors intensified their selling after the US F...

Antin hires Michelle Maeng for Korean fund investor relations

Global infrastructure investment firm Antin Infrastructure Partners SA said on Jan. 25 it has appointed Michelle (Min Kyung) Maeng as its new Invest...

NPS approves POSCO's split into holding firm, steelmaker unit

The National Pension Service (NPS) of Korea, the largest shareholder of POSCO Co., has given its nod to the steelmaking giant’s plan to spli...

Warehouse deals in greater Seoul area hit record high in Q4

The total deal volume of Seoul metropolitan area-based grade-A logistics centers hit a record high of 7.2 trillion won ($6.1 billion) last year. A g...

Hyundai E&C to inject $343 mn in Hilton Seoul redevelopment

  Hyundai Engineering & Construction Co. (Hyundai E&C), a construction giant under Hyundai Motor Company, will invest 409.9 billion wo...

Foreigners’ Korean stockholdings soar 180-fold in 30 years

Foreign investors ramped up their holdings of South Korean stocks 180 times in 30 years, increasing influence in the local financial markets and dom...

Foreigners sell net $22 bn main Kospi shares in 2021

Foreigners sold a net 25.9 trillion won ($21.8 billion) worth of South Korean stocks on the main Kospi from Jan. 1 to Dec. 23 of this year, marking ...

Korea's gaming industry turns to blockchain, unwavered by Seoul’s policy

Come next year, Korea’s online game developers are poised to release a number of games on blockchain platforms.The companies have lined up the...

Credit Suisse promotes two MDs in Seoul

Credit Suisse Group AG has appointed two South Koreans as new managing directors (MD) for its Seoul office. Shim Jong-min and Kim Sei-won were promo...

LG unveils multimodal ‘supergiant AI’ with unprecedented parameters

LG Corp.'s artificial intelligence research institute unveiled what it dubs a “supergiant AI” on Tuesday.The big reveal was for EXAONE, ...

Samsung’s mid-tier executive reshuffle: More female and foreign faces

Samsung Electronics Co. on Thursday carried out its year-end reshuffle of mid-tier executives, marked by the highest number of promotions for female...

Foreigners buy Kospi futures to raise bullish bets on Korea stocks

Foreigners bought Kospi 200 futures contracts on “quadruple witching day," the quarterly simultaneous expiration of South Korean options and f...

Year-end inflow to Korean main bourse sign of foreigner comeback?

Foreign investors are poised to extend their buying spree in South Korea’s main stock market to a sixth straight session, spurring hopes for t...

Korea Venture Investment creates global fund worth $2 billion

Korea’s government-backed fund of funds (FOF) management institution announced its latest selection of funds late last month, which would bene...

Sustainable packaging firm SUPASO wins grant, office space via D.DAY event

D.CAMP, Korea’s non-profit foundation focused on helping young entrepreneurs, has joined forces with SK ecoplant Co., Ltd. to find promising...

Korea stocks see $2 bn inflow, stoking hopes for a foreigner comeback

Foreign investors have absorbed $2 billion in South Korean stock markets so far in November, spurring hopes of a foreign comeback, although doubts r...

Koreans log $5.7 bn loss in Q3 from overseas stock investments

South Korean investors suffered a $5.7 billion loss in the third quarter from overseas stock investments on weak foreign shares. Individual investor...

Fractional investing platforms for art to Rolex lure VCs

The growing popularity of fractional investment in celebrated artworks, music copyrights and luxury items has spurred a flurry of venture capital in...

BTS, TWICE to lead restart of K-pop global live concerts

K-pop artists such as BTS and TWICE are set to resume global live concerts – suspended by the global pandemic for about two years – as c...

Seoul commits $204 mn to attract foreign-invested firms by 2026

Foreign-invested enterprises (FIEs) to be set up in Seoul, South Korea from 2022 will receive increased incentives and reduction in office rent, acc...

Goldman promotes TMT banker to MD in Seoul

Goldman Sachs Group Inc. on Nov. 2 announced the promotions of two Korean executive directors in its Seoul office to managing directors (MDs), the b...

Foreign brokerages dominate S.Korea list of short sellers

Foreign brokerage companies have dominated the list of short sellers in South Korean stock markets since the short-selling ban was lifted on large-c...

Sweden's EQT staffs up in Asia with focus on Korea

EQT Partners, Europe's largest private equity firm, is staffing up its Asia Pacific team with a focus on South Korea, the investment firm said on Mo...

EQT to open Seoul office by yr-end to source Korean deals

EQT Partners will be opening its Seoul office this year for the first time, as the Swedish private equity firm is preparing to source deals in South...

Are Korean battery materials stocks too expensive?

South Korean battery materials shares have rallied with their market capitalization nearly doubling since early January thanks to strong growth in t...

Hilton Seoul to be redeveloped as mixed-use complex

Millennium Hilton Seoul will likely join the ranks of five-star hotels in downtown Seoul that were sold for redevelopment into luxury residential or...

Won hits 15-month low as global inflation woes spur equity outflow

The South Korean won weakened past the psychologically important 1,200 per dollar mark for the first time in 15 months as growing worries about glob...