Celltrion increases its stake in British ADC developer Iksuda

Celltrion increases its stake in British ADC developer Iksuda

Celltrion Inc. has secured an additional stake in the UK's antibody-drug conjugate (ADC) developer Iksuda Therapeutics.According to Celltrion on Wed...

Bank's retirement pension soars 15% to $107 bn last year

Bank's retirement pension soars 15% to $107 bn last year

Retirement pensions at banks in the fourth quarter of last year emerged as a haven for money that tried to generate a stable return, shunning away f...

Samsung Display unveils touch-enabled OLED laptop PC screen

Samsung Display unveils touch-enabled OLED laptop PC screen

A South Korean company has developed an OLED laptop PC display with a touch function like a smartphone screen without needing a separate film attach...

KB Financial recognized as global sustainability leader

KB Financial recognized as global sustainability leader

South Korea's KB Financial Group was selected as one of the "Global 100 Most Sustainable Corporations in the World" list announced by Corporate Knig...

LG Chem completes acquisition of US biotech firm AVEO

LG Chem completes acquisition of US biotech firm AVEO

LG Chem Ltd. is set to complete its $571 million purchase of the US biotech firm AVEO Pharmaceuticals Inc. on Friday, which would strengthen its ant...

Activist fund nominates director candidates for KT&G

Activist fund nominates director candidates for KT&G

A Singapore-based activist fund has stepped up pressure on the world’s fifth-largest tobacco maker KT&G Corp. to reform governance and boo...

SK Innovation-invested Amogy tests ammonia-powered heavy truck

SK Innovation-invested Amogy tests ammonia-powered heavy truck

Amogy Inc. has successfully tested its ammonia-hydrogen power system for large-size semi trucks – the first time that ammonia has been used as...

Medical platform operator Integration raises $8 mn in Series B funding

Medical platform operator Integration raises $8 mn in Series B funding

Integration Inc., which operates specialized platforms for medical personnel such as Traditional Korean Medicine doctors and dentists, has raised 10...

K-pop label SM to increase number of outside directors

K-pop label SM to increase number of outside directors

South Korea’s SM Entertainment Co. will increase the number of outside directors and ban its chief executive from chairing the board as part o...

UAE’s sovereign funds to invest $30 billion in South Korea

UAE’s sovereign funds to invest $30 billion in South Korea

ABU DHABI – The United Arab Emirates will invest $30 billion in South Korea across strategic sectors, including the nuclear power, defense, hy...

LG Elec's Tennessee plant named Lighthouse Factory by WEF

LG Elec's Tennessee plant named Lighthouse Factory by WEF

LG Electronics Inc.'s home appliance factory in Tennessee, the US, has been selected as a "Lighthouse Factory" by the World Economic Forum (WEF) for...

FSS to inquire actual use of funds raised by issuing ESG bonds

FSS to inquire actual use of funds raised by issuing ESG bonds

From now on, companies in South Korea that have raised funds by issuing ESG (environmental, social, and governance) bonds will have to answer questi...

LG Chem CEO named to head industrial body of World Economic Forum

LG Chem CEO named to head industrial body of World Economic Forum

South Korea's LG Chem Ltd. on Sunday said its CEO and Vice Chairman Shin Hak-cheol on Thursday will be named chair of the Chemical and Advanced Mate...

KAI aims to become world's No. 7 aerospace company by 2050

KAI aims to become world's No. 7 aerospace company by 2050

Korea Aerospace Industries Ltd. (KAI) seeks to become the world's No. 7 aerospace company by 2050, aiming to rival the likes of global defense giant...

Naver secures largest stake in Spain's online marketplace Wallapop

Naver secures largest stake in Spain's online marketplace Wallapop

Naver Corp. has made a massive additional investment in Wallapop, Spain's online market for used items and Europe's equivalent to Korea's Danggeun M...

Samsung, SK Hynix to benefit from Intel’s Sapphire Rapids CPU

Samsung, SK Hynix to benefit from Intel’s Sapphire Rapids CPU

The much-awaited launch of Intel Corp.’s latest processors dubbed Sapphire Rapids is a boon for leading memory chipmakers such as Samsung Elec...

Hanwha to build largest US solar energy hub for $2.5 bn

Hanwha to build largest US solar energy hub for $2.5 bn

South Korea’s Hanwha Solutions Corp. said on Wednesday that it will invest 3.2 trillion won ($2.5 billion) to build the largest solar energy p...

Osstem Implant to supply 490,000 sets to Chinese government

Osstem Implant to supply 490,000 sets to Chinese government

Osstem Implant Co. said on Wednesday that it has won more than 490,000 sets of implants in a bid for dental implants put up by the Chinese governmen...

Profitable Korean startups attract funds despite downturn

Profitable Korean startups attract funds despite downturn

Profitable South Korean startups succeeded in fundraising despite an economic downturn as investors sought stable earnings from companies with clear...

Lotte E&C, Meritz Securities conclude $1.2 billion investment deal

Lotte E&C, Meritz Securities conclude $1.2 billion investment deal

Lotte Engineering & Construction (E&C) has secured financing of 1.5 trillion won ($1.2 billion).The company on Monday announced its conclusi...

Smart transportation solution provider Alt-A enlists pre-Series A funding

Smart transportation solution provider Alt-A enlists pre-Series A funding

Alt-A, which provides a transportation system specialized in last-mile roads, said Monday that it has received pre-series A funding from Shinh...

LG Energy posts largest-ever profit led by US JV with GM

LG Energy posts largest-ever profit led by US JV with GM

South Korean battery maker LG Energy Solution Ltd. posted its largest-ever profit in 2022, driven by strong sales after its US joint venture with Ge...

Samsung’s 3 nm chip production yield rises sharply

Samsung’s 3 nm chip production yield rises sharply

Samsung Electronics Co. has sharply increased its production yield of the industry’s most advanced 3-nanometer chips for fabless clients, acco...

Korean activist fund KCGI buys Meritz Asset Management

Korean activist fund KCGI buys Meritz Asset Management

A consortium led by Korea Corporate Governance Improvement Fund (KCGI), a local activist fund, said on Jan. 9 it signed a share purchase agreement l...

Samsung Engineering wins $1.3 bn order to build ethylene plant in Qatar

Samsung Engineering wins $1.3 bn order to build ethylene plant in Qatar

South Korea's Samsung Engineering Co. said on Jan. 9 it has signed a 1.6 trillion won ($1.3 billion) contract to build the world's largest ethylene ...

Korean startup Lemonbase attracts $5.6 mn Series A funding

Korean startup Lemonbase attracts $5.6 mn Series A funding

Lemonbase, a South Korean developer and operator of performance management software as a service (Saas), raised 7 billion won ($5.6 million) in Seri...

Broadcom to give Samsung warranties to avoid Korea penalties

Broadcom to give Samsung warranties to avoid Korea penalties

US chipmaker Broadcom Inc. agreed to provide three-year warranties and technical support for components equipped in products such as smart devices o...

SK Ecoplant joins with PnP to foster eco-friendly global startups

SK Ecoplant joins with PnP to foster eco-friendly global startups

South Korea’s SK Ecoplant Co. will join with global venture capital firm Plug and Play (PnP) to discover and launch global startups in eco-fri...

POSCO to issue up to $553 million in unsecured bonds

POSCO to issue up to $553 million in unsecured bonds

South Korea's top steelmaker POSCO Holdings Inc. is expected to issue won-denominated unsecured bonds worth up to 700 billion won ($553.9 million) t...

Smart Study Venture creates $28.4 million Baby Shark Tourism Fund

Smart Study Venture creates $28.4 million Baby Shark Tourism Fund

Smart Study Ventures, a corporate venture capital (CVC) affiliated with The Pinkfong Company, said on Thursday that it has created a "Baby Shark Nex...

Hyundai premieres IONIQ 6 N: Latest motorsport DNA for electric age Organic food chain Chorocmaeul up for sale amid liquidity woes Samsung to unveil 1st triple-folding smartphone by year’s end to rival Huawei’s Mate X2 Tri-Fold IMM Credit closes $700 mn blind credit fund backed by NPS BOK chief warns household debt near tipping point, keeps rates steady