POSCO chairman nominee to prop up ailing steel business

POSCO chairman nominee to prop up ailing steel business

The chairman nominee of POSCO Holdings Inc., the parent of the world’s No. 7 steelmaker POSCO, is expected to concentrate on improving its cor...

Doosan to form $75 mn fund for new techs

Doosan to form $75 mn fund for new techs

Doosan Investment, the corporate venture capital (CVC) arm of South Korea's Doosan Group, has formed a 100 billion won ($75 million) fund, focusin...

S.Korean investors name their 42 favorite alternative asset managers

S.Korean investors name their 42 favorite alternative asset managers

Apollo Asset Management, Warburg Pincus and Lexington Partners are South Korean institutional investors’ most preferred private equity firm...

Warren Buffett’s IMC to invest $98 million in Daegu for chip materials plant

Warren Buffett’s IMC to invest $98 million in Daegu for chip materials plant

DAEGU – The IMC Group, owned by Warrant Buffett’s Berkshire Hathaway Inc., will invest 130 billion won ($98 million) to build a semicond...

One Store attracts $50 mn investment from Digital Turbine

One Store attracts $50 mn investment from Digital Turbine

South Korean homegrown app store One Store Co. has attracted a $50 million investment from the Nasdaq-listed US-based mobile platform company Digi...

Samsung’s Lee cleared of charges over Samsung C&T merger

Samsung’s Lee cleared of charges over Samsung C&T merger

The Seoul Central District Court on Monday acquitted Samsung Electronics Co. Chairman Jay Y. Lee of charges of being involved in illegal activities ...

Korea needs sustainable ecosystem for startup accelerators

Korea needs sustainable ecosystem for startup accelerators

South Korea needs to create a “sustainable ecosystem” to nurture influential startup accelerators like US tech startup accelerator Y Com...

Samsung gets global carbon reduction certification for TV

Samsung gets global carbon reduction certification for TV

Samsung Electronics Co. announced on Monday that its eight product series in 2024 Neo QLED 4K and 8K, OLED, and The Frame lineups have received th...

POSCO Int’l to invest $760 mn in energy business in 2024

POSCO Int’l to invest $760 mn in energy business in 2024

POSCO International Corp., a South Korean general trading and energy exploration company, will invest 1 trillion won ($760 million) in its energy bu...

Samsung C&T, Hyundai E&C see higher profits in 2023 on overseas projects

Samsung C&T, Hyundai E&C see higher profits in 2023 on overseas projects

Samsung C&T Corp.'s construction unit and Hyundai Engineering & Construction Co. stood out with increased profits last year on overseas proj...

SK Hynix to build US chip packaging plant in Indiana: FT

SK Hynix to build US chip packaging plant in Indiana: FT

SK Hynix Inc., the world’s second-largest memory chip producer, is reported to have picked Indiana as the site for its advanced chip packaging...

GS E&C banned from new construction deals for 8 months

GS E&C banned from new construction deals for 8 months

The South Korean government said on Thursday it has ordered GS Engineering & Construction Corp. (GS E&C) and four smaller builders to halt t...

Daewoo E&C teams up with Chinese company on wind power generation

Daewoo E&C teams up with Chinese company on wind power generation

Daewoo Engineering & Construction Co. announced on Thursday that it has signed a business agreement with China Communications Construction Compa...

Korean LPs stick to private debt amid market uncertainties

Korean LPs stick to private debt amid market uncertainties

South Korean limited partners will tap private debt as their most preferred asset class in 2024 to secure stable income amid geopolitical conflicts an...

SK Networks ties up with US-based Bow Capital for investments

SK Networks ties up with US-based Bow Capital for investments

SK Networks Co., a South Korean trading company, joined hands with Silicon Valley-based venture capital firm Bow Capital for investment cooperation,...

Rebellions raises $124 mn to co-develop AI chip with Samsung

Rebellions raises $124 mn to co-develop AI chip with Samsung

South Korean fabless artificial intelligence chip startup Rebellions Inc.’s plan to co-develop the next-generation AI chip with the world&rsqu...

Bando E&C commences second housing project in US

Bando E&C commences second housing project in US

South Korea's Bando Engineering & Construction Co. announced on Tuesday that it has embarked on its second housing development project, "The Bor...

Baidu’s AI Ernie to power Samsung Galaxy S24 in China

Baidu’s AI Ernie to power Samsung Galaxy S24 in China

Samsung Electronics Co.'s latest smartphone series Galaxy S24 to be released in China will feature Baidu Inc.’s Ernie Bot artificial intellige...

Korea’s KIC opens Mumbai office to spur emerging market investment

Korea’s KIC opens Mumbai office to spur emerging market investment

Sovereign wealth fund Korea Investment Corporation (KIC) said on Monday it has launched its Mumbai office, establishing the state-run fund’s f...

Kakao to replace K-pop pioneer SM execs over poor governance

Kakao to replace K-pop pioneer SM execs over poor governance

Kakao Corp. is set to replace executives of SM Entertainment Co., who ousted its founder Lee Soo-man when the South Korean mobile giant acquired the...

Korea’s next tech wave in music to mushroom culture  

Korea’s next tech wave in music to mushroom culture  

Investors on the hunt for the next big thing in South Korea explored the country’s next wave of technology at this year’s first demo day...

Kakao inspects SM Entertainment’s management   

Kakao inspects SM Entertainment’s management   

Kakao Corp. has embarked on a special inspection of SM Entertainment Co.'s financial reporting for the first time since the South Korean internet gi...

Peak views: What lies ahead in 2024?

Peak views: What lies ahead in 2024?

With 2023 at a close, financial markets are at an important junction. Major developed market central banks have paused their rate rises and there ...

LG Energy to invest in Li-metal battery developer Sion Power

LG Energy to invest in Li-metal battery developer Sion Power

Global lithium-ion battery major LG Energy Solution Ltd. will invest in Sion Power Corp., a US startup holding core patents in lithium-metal battery...

Taihan Cable sees best profit in 15 years on foreign orders

Taihan Cable sees best profit in 15 years on foreign orders

Taihan Cable & Solution Co., a major South Korean cable manufacturer, on Tuesday said its 2023 operating profit hit the largest level in 15 year...

PEs exit Korean assets at average 2.5 times purchase price

PEs exit Korean assets at average 2.5 times purchase price

Global private equity firms, which recover their principal investment in South Korea, sell their assets for 2.5 times the purchase price on average,...

Daewoo E&C completes India's longest sea bridge

Daewoo E&C completes India's longest sea bridge

Daewoo Engineering & Construction Co. (Daewoo E&C) announced on January 23, 2024, that it has completed the construction of the Mumbai Trans...

POSCO E&C develops solution for detecting wall cracks by drones

POSCO E&C develops solution for detecting wall cracks by drones

South Korea's POSCO E&C has developed a solution for apartment exterior wall maintenance using drones.The company announced on Tuesday that it h...

Samsung’s AP chip Exynos turns from ugly duckling to golden swan

Samsung’s AP chip Exynos turns from ugly duckling to golden swan

Samsung Electronics Co. has bittersweet memories of its Exynos chip – an in-house application processor (AP) referred to as the brain of mobil...

Piccoma sees record transaction value in Japan on K-webtoons

Piccoma sees record transaction value in Japan on K-webtoons

Piccoma, a Japanese digital comics app, enjoyed its largest-ever transaction value last year in the home of manga, thanks to the growing popularity ...

South Korea’s Lee completes cabinet lineup with IT executive, lawmaker Hyundai Glovis charts new waters with world’s first AI-driven self-sailing car carrier fleet Korea’s game studios rebrand as AI tech firms, move into fashion, robotics, media Return of the K-pop queens: Blackpink, Twice power up YG, JYP Samsung to launch AI health coach beta in US by end-2025