Korean startups turn to restructuring amid liquidity concerns

Hit by shrinking liquidity around the globe, startups in South Korea are coming up with different ways to cut costs, most notably in human resources...

Kakao-invested game developer Shiftup becomes unicorn startup

Shiftup Co., a South Korean mobile game developer, has joined the ranks of unicorns, or private companies worth $1 billion or more.The studio behind...

NPS sees 14 investment managers resign by end-June

National Pension Service (NPS) of South Korea sees as many as 14 professionals of its investment management arm resign by end-June of this year, acc...

Korean PE firms' 2021 funds bet on parts makers, dividend stock

IMM Investment Co. and STIC Investments Co., the two most active South Korean private equity firms in 2021 fundraising, made bets on a dividend-focu...

Korean retirement funds, mutual aids struggle with profitability

Some major retirement funds in South Korea are raising interest rates on their members’ savings accounts in line with global central banks&rsq...

LG Innotek to invest $1.1 bn to ramp up substrate, camera module output

South Korea’s LG Innotek Co. said on Wednesday it will invest 1.4 trillion won ($1.1 billion) in expanding facilities for semiconductor substr...

KT injects $23 mn into fabless startup Rebellions

South Korean fabless startup Rebellions Inc. received a 30 billion won ($23 million) extension to its Series A funding from telecom giant KT Corp.KT...

Unison Capital puts Korea dental scanner maker up for sale

Unison Capital Inc., a middle-market focused private equity firm, put the world’s third-largest 3D dental scanner maker on the market. The dea...

Hyundai Motor to launch investment affiliate in US for further growth

South Korea’s Hyundai Motor Group will establish an investment company in the US state of Delaware to expand its presence in the North America...

Samsung Eng. to invest in Vietnam for SE Asia water biz

Samsung Engineering Co. agreed to spend $41 million on Vietnam’s largest private water treatment company for the eco-friendly business in Sout...

Hyundai’s US partner Aptiv invests in self-driving startup StradVision

Aptiv PLC, one of the world’s big three autonomous driving technology companies, has agreed to invest 50 billion won ($39 million) in StradVis...

South Korea to invest $794 million in AI chips, nurture 7,000 experts

The South Korean government has decided to invest 1.02 trillion won ($794 million) in the artificial intelligence semiconductor sector and foster ov...

DeepBrain AI to bring back deceased loved ones – virtually 

Perhaps we will soon not be remembering our loved ones only through photos.Imagine a virtual rendition of the deceased speaking at his or her memori...

Korea to reboot nuclear power sector with orders, aid

South Korea plans to rebuild the nuclear power plant industry hard hit by the previous government’s nuclear energy phasing-out policy by placi...

Samsung to boost chip substrate investment after Apple order

Samsung Electro-Mechanics Co. will expand its manufacturing facilities for high-performance package substrates in both South Korea and Vietnam, afte...

Residential, urban logistics in Europe are attractive: Patrizia

Despite a number of global market uncertainties, there is value in real assets where rental income grows faster than inflation, Mahdi Mokrane, head ...

More LPs tap ex-Samsung Life professionals as CIOs

A number of financial experts who built their careers at Samsung Life Insurance Co. are in the spotlight as more South Korean pension funds and mutu...

Paris Baguette enters Malaysia, eyes $2 trillion halal market 

SPC Group’s bakery franchise Paris Baguette has chosen Malaysia as its eighth overseas market. The decision aligns with the food and beverage ...

Pet health: Korean genetic testing firms' new target market

South Korean direct-to-consumer (DTC) genetic testing companies are rushing to the veterinary diagnostics market where they see greater potential gr...

KT, Hanmi-invested therapeutics maker Digital Pharm launched

Digital Pharm, jointly invested in by KT Corp. and Hanmi Pharmaceutical Co., held an official inauguration ceremony last week, the company announced...

Temasek VC unit CEO sees recent downturn as investment opportunity

Vertex Venture Holdings, a venture capital unit of Singapore state investor Temasek Holdings, expects the recent global downturn to offer investment...

Doosan adds chip post-processing to list of growth drivers

Doosan Group has added semiconductor post-processing services to its core businesses and plans to invest 1 trillion won ($774 million) in its microc...

Hanwha invests $115 mn in urban air mobility firm Overair

South Korea’s Hanwha Systems Co. and Hanwha Aerospace Co. have invested a combined $115 million in Series B funding for Overair Inc., a Califo...

SK to invest $30 mn in ammonia-based power solutions developer Amogy

SK Innovation Co. announced Tuesday it will inject $30 million into Brooklyn-based Amogy Inc. The intermediate holding company of SK Group and ...

Brokerages sit on $5.3 bn of global alternative assets to sell down

Some major securities firms in South Korea are having difficulties with overseas alternative assets they have yet to sell down. The brokerage firm...

LB Investment submits preliminary IPO assessment request to KRX

LB Investment has submitted a preliminary assessment request to the Korea Stock Exchange, the first step to an initial public offering. It chose Mir...

LG Energy to invest $451 mn in mass production of Tesla’s 4680 battery cells

LG Energy Solution Ltd. announced Monday it will invest 580 billion won ($451 million) to manufacture battery cells for Austin-based Tesla, Inc.The ...

Korean bio firms flock to US as SV Invest eyes $100 million bio fund

SV Investment, a South Korean venture capital and private equity firm, is looking to launch a $100 million bio fund in the US as a growing number of...

Mirae Asset Securities develops world's first virtual trading system

Mirae Asset Securities Co. announced Thursday it has developed the prototype for the world’s first virtual trading system (VTS,) which allows ...

KT to spend near $10 bn on digital platform by 2026

KT Corp., a South Korean telecom giant, plans to invest nearly $10 billion in its digital platform sector by 2026 as it aims to focus on the industr...