Kakao Mobility buys UK ride-hailing startup Splyt for global biz

Kakao Mobility buys UK ride-hailing startup Splyt for global biz

South Korea’s Kakao Mobility Corp. said on Wednesday it has acquired the British ride-hailing startup Splyt, marking the first overseas takeov...

KB, Hana drive major S.Korean overseas banking profits lower

KB, Hana drive major S.Korean overseas banking profits lower

KB Kookmin Bank and Hana Bank led weaker earnings of the four largest South Korean lenders’ overseas units last year although their rivals Shi...

LB Investment draws record demand from individual investors

LB Investment draws record demand from individual investors

LB Investment Inc., a venture capital firm associated with the LG founder's family, has achieved a remarkable competition rate of over 1,000 to 1 fo...

Yanolja Cloud to develop real estate platform with SK Discovery

Yanolja Cloud to develop real estate platform with SK Discovery

South Korea's Yanolja Cloud, a software-as-a-service (SaaS) company, announced on Tuesday its partnership with SK Discovery Co. to build a proptech ...

Samsung Elec boosts robotics as key growth engine: Vice chairman

Samsung Elec boosts robotics as key growth engine: Vice chairman

Samsung Electronics Co., the world’s largest chip producer, will go all out to expand its robotics business, Vice Chairman and Co-CEO Han Jong...

SK C&C, Naver Cloud team up to boost AI services for Korean companies

SK C&C, Naver Cloud team up to boost AI services for Korean companies

SK C&C, a leading information technology service provider in South Korea, has announced a partnership with Naver Cloud to develop ultra-large ar...

Wave Lifestyle Tech signs MOU with Saudi gov't to expand robot business

Wave Lifestyle Tech signs MOU with Saudi gov't to expand robot business

Wave Lifestyle Tech, a South Korean foodtech robot company, said on Monday that it has signed a memorandum of understanding with Saudi Arabia’...

S.Korea's STX to spin off shipping division

S.Korea's STX to spin off shipping division

South Korea's general trading company STX Corporation has announced plans to divide its shipping division into a new company specializing in shippin...

Kakao halts its own AI chatbot beta service a day after release

Kakao halts its own AI chatbot beta service a day after release

Kakao Corp., South Korea’s platform giant operating the country’s No. 1 chat app KakaoTalk, has introduced its first artificial intell...

Startup Innospace launches Korea’s first private projectile

Startup Innospace launches Korea’s first private projectile

South Korean space startup Innospace said on Monday it has launched a suborbital test projectile, the country’s first private launch vehicle, ...

Bespin Global to work with GBike for smart mobility business in Vietnam

Bespin Global to work with GBike for smart mobility business in Vietnam

Bespin Global, a cloud delivery platform company based in South Korea, announced on Thursday that it had partnered with GBike, a micromobility tech ...

OCI to expand polysilicon line, buy back shares to boost corporate value

OCI to expand polysilicon line, buy back shares to boost corporate value

OCI Co., a leading South Korean chemical and green energy company, plans to significantly increase the size of its upcoming share buyback and cancel...

LG Elec to spend over $4 bn on capex in 2023, biggest in a decade

LG Elec to spend over $4 bn on capex in 2023, biggest in a decade

LG Electronics Inc. has decided to go bold to widen the technology gap with its rivals, with its biggest capital expenditure in a decade of more tha...

EQT sees huge potential in security services for S.Korean SMEs

EQT sees huge potential in security services for S.Korean SMEs

The digital security market is rapidly growing in South Korea, one of the world’s fastest-aging countries and amid its soaring labor costs.&nb...

F&F bets on China's beauty market under MLB brand

F&F bets on China's beauty market under MLB brand

F&F Co., a South Korean retailer of Western brands such as Major League Baseball (MLB), has been rapidly penetrating China's cosmetics market, w...

HYBE to buy 2 labels in the Americas after dropping SM bid

HYBE to buy 2 labels in the Americas after dropping SM bid

HYBE Co., the company behind global sensation BTS, plans to acquire at least two prominent labels in the Americas this year as it aims to become a m...

Lotte Fine Chemical, OCI Global join hands for clean ammonia business

Lotte Fine Chemical, OCI Global join hands for clean ammonia business

Lotte Fine Chemical Co., a subsidiary of Lotte Chemical Corp., and Europe’s No.1 clean ammonia producer OCI N.V., or OCI Global, will collabor...

Hyundai Asan to sell $30.7 million worth of shares for capital restructuring

Hyundai Asan to sell $30.7 million worth of shares for capital restructuring

Hyundai Asan Co. under South Korean conglomerate Hyundai Group will raise 40 billion won ($30.7 million) in its seventh share sale since it was forc...

Tmap Mobility to sell all its 30% stake in joint venture with Grab

Tmap Mobility to sell all its 30% stake in joint venture with Grab

Tmap Mobility Co., the Korean navigation app company, announced on Tuesday its plan to sell its 30% stake in Grab Geo Holdings, a joint venture esta...

Samsung suspends business with select software partner companies

Samsung suspends business with select software partner companies

Samsung Electronics Co. has recently “suspended transactions” with select software partner companies through regular auditing, with arou...

Hahn & Co. puts SK Shipping’s tanker business up for sale

Hahn & Co. puts SK Shipping’s tanker business up for sale

South Korean private equity firm Hahn & Co. is seeking to sell SK Shipping Co.’s tanker division, a business widely seen as the breadwinne...

Kakao, HYBE shares rally on reconciliation but SM shares tank

Kakao, HYBE shares rally on reconciliation but SM shares tank

Investors welcomed the end of a fierce month-long battle between HYBE Co. and Kakao Corp. over control of South Korea’s K-pop pioneer SM Enter...

LG Chem mulls shuttering in-vitro diagnostics business

LG Chem mulls shuttering in-vitro diagnostics business

LG Chem Ltd. is considering an exit from the in-vitro diagnostics market to focus more on novel drug development as it lagged its smaller local riva...

Timeline of HYBE's failed bid for SM vs Kakao

Timeline of HYBE's failed bid for SM vs Kakao

(All dates in 2023) -- Jan. 15: Align Partners Capital Management filed proxy litigation against SM Entertainment Co. Founder Lee Soo-man and seven...

HYBE withdraws bid for SM in $1 bn battle with Kakao

HYBE withdraws bid for SM in $1 bn battle with Kakao

South Korea's HYBE Co., the company behind the global sensation BTS, said on Sunday it has decided to pull out of the face-off with Kakao Corp. for ...

System on chips: Samsung’s new high-stakes foundry business

System on chips: Samsung’s new high-stakes foundry business

Samsung Electronics Co. is setting its sights on system on chips (SoCs) to continue to drive growth in its foundry business amid a protracted slowdo...

Korea's StoneBridge Ventures invests $91 mn in semiconductor, AI

Korea's StoneBridge Ventures invests $91 mn in semiconductor, AI

South Korean venture capital investment firm StoneBridge Ventures Inc. announced on Thursday that it has invested a total of 120 billion won ($90.9 ...

Korea’s Shinsegae to bolster convenience store business

Korea’s Shinsegae to bolster convenience store business

South Korea’s retail giant Shinsegae Group is set to boost its business in the rapidly growing convenience store sector as its supermarket cha...

Will SM shares’ bull run foil Kakao’s takeover attempt?

Will SM shares’ bull run foil Kakao’s takeover attempt?

The bull run in shares of SM Entertainment Co. may deal a heavy blow to Kakao Corp. ’s 1.25-trillion-won ($950 million) takeover bid for the K...

Hanwha hires former Biden confidant as US government affairs chief

Hanwha hires former Biden confidant as US government affairs chief

WASHINGTON D.C. – South Korea’s chemicals-to-defense conglomerate Hanwha Group has hired Danny O’Brien, a top aide to US President...

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 South Korea moves to mandate treasury share cancellation