Softbank to join SK Telecom-led global AI joint venture

BARCELONA -- Japan’s SoftBank Group Corp. tied up with major global telcos such as South Korea’s top mobile carrier SK Telecom Co. and E...

Korea announces measures to upvalue local shares

The South Korean financial regulator announced basic guidelines under the so-called corporate value-up program on Monday, with measures to boost the...

LG Innotek establishes $108 mn win-win growth fund

South Korea's LG Innotek announced on Friday that it held the 2024 Win-win Growth Partnership Day on the previous day.LG Innotek signed the 2024 Fai...

Korea’s HL Mando launches auto parts JV with China’s Tianrun

HL Mando Corp., an electric vehicle and self-driving system developing unit of South Korea’s HL Group, said on Thursday it has launched an aut...

Taihan Cable wins order for UHV power grid in Egypt

South Korea's Taihan Cable & Solution Co. announced on Thursday that it has won a project for a 500-kilovolt (kV) UHV power grid project commiss...

Korea announces 1st local firm to issue multiple voting shares

South Korea announced on Wednesday that Colosseum Corporation Inc., an artificial intelligence-powered logistics services provider, has become the f...

AI device solution startup Sorcerics gets seed round

South Korea’s artificial intelligence (AI)  smart device solution startup Sorcerics, founded by former Google and Microsoft employees, an...

Studio Meta-K, Vietnam’s Synapse Studio to co-work for virtual human

South Korea’s content production startup Studio Meta-K announced on Wednesday that it signed a memorandum of understanding (MOU) with Vietna...

Hyundai Dept. Store, Siam Piwat to collaborate for K-content

South Korea’s Hyundai Department Store Co. announced on Wednesday that it signed a business agreement with Thailand’s retail giant Siam ...

Altos Ventures invests $9.4 mn in Techtaka

South Korea's Altos Ventures announced on Tuesday that it has invested 12.6 billion won ($9.4 million) in the software-centric fulfillment company T...

Global property market plunge hits Korean financial firms

South Korean financial service companies are seeing increased losses in global real estate amid the commercial property value plunge and concerns ar...

SK Networks looks to triple operating profit by 2026 with AI

SK Networks Co., a South Korean trading and rental company actively investing in tech firms in recent years, will step up its efforts to transform i...

Venture downturn keeps Korean unicorns from acquisitions

South Korean unicorns, or private companies worth $1 billion or more, are increasingly refraining from taking over smaller startups for business exp...

LG Chem, CJ CheilJedang to launch eco-friendly bio-nylon joint venture

South Korea’s top chemicals maker LG Chem Ltd. and food and biotechnology firm CJ CheilJedang Corp. have agreed to launch an eco-friendly bio-...

HD KSOE teams up with Woodside, MOL on liquid hydrogen carrier

South Korea’s top shipbuilder HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) is gearing up to develop and operate a vessel to ...

OCI-Hanmi merger faces tougher hurdles amid family feud

Hanmi Pharmaceutical Group’s aim to merge with chemicals giant OCI Group is hitting some roadblocks amid a prolonged feud between the family o...

SK Telecom to enter Australian pet clinics market in H1

South Korea’s SK Telecom Co. announced on Tuesday that it has signed a commercial contract with ATX Medical Solutions, Australia's largest m...

Hanwha, Saudi gov't to cooperate in defense industry

Hanwha Aerospace Co. and Hanwha Systems Co. announced on Tuesday that they signed a three-party memorandum of understanding (MOU) for defense cooper...

Daewoong gets stem cell facility license in Indonesia

South Korea's Daewoong Pharmaceutical announced on Tuesday that its subsidiary Daewoong Biologics Indonesia has obtained a stem cell Lab Operational...

Samsung to release pianist Seong-Jin Cho’s 8K video

Samsung Electronics Co. announced on Thursday that it will release the worldwide famous pianist Seong-Jin Cho’s live performance video in 8K...

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...

Doosan Enerbility faces record $15 mn in fines for improper bookkeeping

South Korea's major power plant builder Doosan Enerbility Co. faces a record-breaking fine to the tune of about 20 billion won ($15 million) over it...

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...

Korean firms’ monthly net debt sales hit record high in January

South Korean investors armed with ample liquidity have rushed to buy corporate debts to enjoy high yields before rates head south later this year, l...

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...

EcoPro partners with Cirba Solutions for battery recycling

South Korean battery materials manufacturer EcoPro Co. said on Thursday that it has signed a memorandum of understanding (MOU) with the US-based l...

Huneed, DTC to co-work for military radio equipment

South Korea's Huneed Technologies announced on Tuesday that it has signed a teaming agreement with the UK-based Codan Communications DTC. The two c...

S.Korean trading companies boost profits by diversifying businesses

POSCO International Corp. joined the "1 trillion won ($751 million) profit club" for the first time in 2023, powered by a near doubling of its energ...

Private debt, infrastructure remain top picks for Korean LPs in 2024

Private debt and infrastructure will remain South Korean institutional investors’ favorite alternative asset classes for the second straight yea...

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...