Indonesia vows support for LG-led $9.8 bn battery project

Indonesian Minister of Investment Bahlil Lahadalia on Thursday affirmed its government’s commitment to a $9.8 billion electric vehicle battery...

42dot launches its first B2B self-driving shuttle service

42Dot, a self-driving technology affiliate of Hyundai Motor Group, on Tuesday said it launched a self-driving shuttle at Samsung Mobility Museum in ...

IMM PE seeks to sell Korean contract drugmaker at $784 mn

IMM Private Equity has put a South Korean contract drugmaker on the market for up to 1 trillion won ($784 million) in a deal likely to attract major...

Fractional investing to gain traction in Korea with green light from FSC

Come September, South Korean investors will be able to freely and safely buy and sell fractions of artwork and even live cows just as they do with t...

Goyard bags high on SE Asians’ shopping list in S.Korea

Goyard outlets in Seoul bustled with shoppers on Friday, especially from Southeast Asia, looking for the French luxury brand’s popular bags: G...

Lotte to open Vietnam's largest shopping mall in Hanoi

Lotte Shopping Co., the retail arm of South Korea's fifth-largest conglomerate Lotte Group, announced plans on Thursday to inaugurate its extensive ...

Korea's IMM to invest $23 mn in battery parts supplier Choil Aluminum

South Korean private credit firm IMM Credit & Solutions Inc. will invest 30 billion won ($23.4 million) in Choil Aluminum Co., an EV battery com...

Nanotech startup Deepsmartech crowned at D.Day’s July demo day

Nanotech startup Deepsmartech celebrated its victory Thursday at July D.Day, held on Jeju Island, a South Korean resort isle poised to become the co...

SM Entertainment founder invests in Chinese drone maker

Lee Soo-man, founder and former executive producer of South Korea's SM Entertainment Co., has reportedly made a huge investment in the Chinese self-...

Retail investors test EcoPro’s upside as Korea’s GameStop

Shares of EcoPro Co., a South Korean battery materials maker, have skyrocketed this year, rising 848% year to date to break above the 1 million won ...

KHNP participates in Australian green cement project

Korea Hydro & Nuclear Power Co. (KHNP) will participate in the South Australia green cement transition project, which aims to produce green hydr...

Korea logs current account surplus in May on brisk sales of goods

South Korea’s current account swung to the black in May from a deficit the prior month, thanks to a surplus in the goods account for the secon...

S.Korea's Riiid enters Brazilian public education market

South Korean AI-powered edtech firm Riiid will enter the Brazilian public education market. The company announced on Wednesday that it has signed a ...

Samsung Electronics to aid foundry clients with state-of-the-art tech

Samsung Electronics Co., the world’s largest memory chipmaker, will provide its foundry clients with state-of-the-art technology to support th...

Korean ETFs’ net asset value doubles in 3.5 years

South Korea’s exchange-traded funds (ETFs) surpassed 100 trillion won ($75.7 billion) in net asset value for the first time on Thursday, 21 ye...

S.Korea to tighten immigrant investor requirements

South Korea will raise the minimum requirements for the country’s investment immigration visa program amid growing controversy over foreigners...

Samsung SDI expands cooperation with EV makers

Samsung SDI Co., the world’s sixth-largest electric vehicle cell maker, is expanding cooperation with its customers including General Motors C...

Korea’s trade deficit with China runs deep; chip support required

Just like its neighboring countries in Asia, South Korea’s economic growth has long been swayed by the ups and downs of China, which heavily r...

Samsung Display to dump entire stake in LCD equipment maker

South Korea’s Samsung Display Co. is set to sell its stake in a domestic liquid crystal display equipment maker as the unit of global tech gia...

CJ Logistics to build logistics centers in US with $416 mn investment

CJ Logistics Corp. and Korea Ocean Business Corporation (KOBC) will together build three logistics centers in the US with an estimated investment of...

KOGAS, Vietnamese firms to jointly undertake major infra projects

South Korea's state-run Korea Gas Corp. (KOGAS) has announced a partnership with Vietnamese firms, kickstarting a major infrastructure project follo...

Central Europe’s fast-growing economy attracts global investors: Abris

More investors choose safer assets in developed regions such as the US and Western Europe today with rate hikes and liquidity tightening. But Poland-b...

Korea’s SK Square sells off entire stake in Grab as shares tumble

SK Square Co., the intermediate holding company of South Korea’s SK Group, has liquidated Grab Geo Holdings, a joint venture with Grab Holding...

SK Hynix wins Europe certification for automotive chips

SK Hynix Inc., the world's second-largest memory chipmaker, said on Tuesday it has earned international certification for its automotive memory chip...

LG Chem to sell $1.6 bn stake in LG Energy to foreign investors

South Korea’s leading chemicals company LG Chem Ltd. is slated to secure about 2 trillion won ($1.6 billion) by selling a minority stake in it...

Amorepacific runs events to mark BTS 10th anniversary

South Korean beauty and cosmetics giant Amorepacific Corp. has temporarily opened a staff-only space to BTS fans.  The company’s Seoul h...

Foreign buying of Korean stocks, bonds at record high, boosting won

Foreigners bought a record $11.43 billion in South Korean stocks and bonds in May, boosting the value of the won versus the dollar amid the greenbac...

S.Korea not ready for developed market status: MSCI

MSCI Inc. regards the South Korean stock market as not ready for its developed market status despite a series of reforms, dampening the country&rsqu...

Hyundai Card issues $193 mn Korean green bonds

South Korea's Hyundai Card announced on Friday that it has issued a green bond worth 250 billion won ($193 million), becoming the first company in t...

US emerges key to Korea’s nuclear power plants exports to Saudi Arabia

Saudi Arabia, which is seeking to build two 1.4 gigawatts (GW) nuclear power plants, is demanding that the US allow uranium enrichment, according to...