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Corporate bondsKorean companies’ cash reserves swell to record high
Cash holdings at South Korean companies have soared to a record-high level, data showed on Monday. Companies are stepping up eff...
Dec 02, 2024 (Gmt+09:00)
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Mergers & AcquisitionsMBK kicks off Lotte Card sale for about $1.4 bn in 2nd bid
Lotte Card Co. is expected to be up for grabs in the first half of next year amid a second sale attempt by its largest sharehold...
Dec 02, 2024 (Gmt+09:00)
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AirlinesKorea’s LCCs to counter headwinds with exclusive routes, lower fares
South Korea’s budget airlines are gearing up to weather the sector’s downturn amid a weaker local currency and a slu...
Dec 02, 2024 (Gmt+09:00)
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RetailE-Land sets sights on Vietnam as its next China, to open 10 outlets by 2025
South Korea’s retail giant E-Land Group has set its sights on Vietnam as its next target market after China, planning to o...
Dec 02, 2024 (Gmt+09:00)
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Content platformsNaver recruits 500 creators for Clip
South Korea's Naver Corp. said on Monday it will recruit 500 creators for Clip in the first half of 2025, the company's short-fo...
Dec 02, 2024 (Gmt+09:00)
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Artificial intelligenceBespin Global, Upstage to co-work on AI platform
South Korea's cloud solution provider Bespin Global said on Monday it signed with Upstage, the domestic artificial intelligence ...
Dec 02, 2024 (Gmt+09:00)
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Mergers & AcquisitionsBlackstone, Carlyle, MBK vying for CJ CheilJedang’s bio business
Blackstone, Carlyle Group and MBK Partners have joined the race to purchase the bio business of CJ CheilJedang Corp., the world&...
Dec 02, 2024 (Gmt+09:00)
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BatteriesPOSCO Pilbara completes Gwangyang lithium hydroxide plant
South Korea's POSCO Pilbara Lithium Solution Co., a subsidiary of POSCO Group, said on Friday the completion of its second rock-...
Dec 02, 2024 (Gmt+09:00)
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Banking & FinanceKB Asset parts ways with Dragon Capital in Vietnam
South Korea's KB Asset Management Co. ended its delegated management agreement for public funds with Vietnam's largest asset man...
Dec 02, 2024 (Gmt+09:00)
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Mergers & AcquisitionsRebellions · Sapeon Korea merger, the first domestic AI chip unicorn
Rebellions Inc., a South Korean artificial intelligence chip design startup, officially merged with Sapeon Korea to form the f...
Dec 02, 2024 (Gmt+09:00)
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E-commerceChina’s Alibaba acquires 5% of Ably in 1st equity investment in Korean firm
Chinese online shopping giant Alibaba Group Holding Ltd. has invested 100 billion won ($71.4 million) in South Korea’s top...
Dec 02, 2024 (Gmt+09:00)
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Aerospace & DefenseSTX to export $60 mn wheeled armored vehicles to Peru
STX Corp., a South Korean general trading company, said on Monday it signed a contract with Fábrica de Armas y Muni...
Dec 02, 2024 (Gmt+09:00)