Korean firms to raise $350 mn mezzanine fund for 10 Hudson Yards NYC - report

Two South Korean asset management firms will start to raise about 400 billion won ($346 million) in a mezzanine fund from this week to invest in 10 Hu...

Glenwood PE puts Korean dishwasher maker up for auction

A consortium of South Korea-based Glenwood Private Equity and NH PE have sent teaser letters to potential buyers of Tong Yang Magic, in a shift from i...

[Interview] KIC CEO says seeks 10% returns from overseas project financing

Korea Investment Corporation (KIC), South Korea’s sovereign wealth fund, may take part in project financing of overseas construction orders secu...

Game maker's holding firms renews bets on pet food market

NXC Corp., the holding company of South Korea's game developer Nexon Co., has acquired an Italian pet food maker for 27.8 billion won ($ ) CerereAgras...

K-pop stars earn huge capital gain from stock options

Executives and employees of top K-pop agencies such as SM Entertainment Co. and YG Entertainment Inc. are expected to earn huge capital gains from the...

Korean fruits keep high performance despite bad export situation

"Shinwha," a pear that's sweet and juicy even after 30 days at room temperature, "Kingsberry" with a subtle peach scent, and "Sweet Gold," a kiwifru...

AI and other Internet new techs reach every corner of our lives (edited)

Metaverse, artificial intelligence (AI) and other Internet new technologies are gradually taking root in the daily lives of our citizens. In the cas...

S.Korea to allocate 70% of annual R&D budget to 11 core tech areas

The South Korean government plans to allocate 70% of its annual R&D budget to 40 projects for research and development in 11 core industrial...

(DO NOT EDIT)CAPA: Korean mold maker Dong-A ENG advances with green mobility

CAPA: Dong-A ENG Co. (company logo) Key facts - Main business: Industrial mold design and manufacturing/machinery manufacturing- Mainstay products/s...

AhnLab forms joint venture with Saudi's SITE (edited)

AhnLab Inc., a leading provider of computer security solutions based in South Korea, on Monday announced the establishment of a joint venture (JV) w...