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Real estateKB Asset buys Belgian office towers for $654 million
KB Asset Management Co., the investment arm of KB Financial Group in South Korea, said on Friday it has completed a 100% acquisi...
May 13, 2022 (Gmt+09:00)
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Future mobilityS.Korea to launch $1.3 bn air taxi research project
The South Korean government will launch a 1.6 trillion won ($1.3 billion) project to set basic standards for urban air mobility ...
May 13, 2022 (Gmt+09:00)
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Real estateKorea's top real estate managers bulk up assets in COVID-19
Real estate funds in South Korea have increased by 27% to 130 trillion won ($101.4 billion) from 102 trillion won over the pas...
May 13, 2022 (Gmt+09:00)
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Mergers & AcquisitionsKG-led consortium named preferred buyer of Ssangyong Motor
A consortium led by chemicals-to-steel conglomerate KG Group has been named the preferred buyer of South Korea’s troubled ...
May 13, 2022 (Gmt+09:00)
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EarningsNCSOFT profit beats forecasts as Lineage W drives sales to record
NCSOFT Corp., South Korea’s leading game developer, surprised investors with stronger-than-expected profit in the first qu...
May 13, 2022 (Gmt+09:00)
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CryptocurrenciesCryptocurrency Luna plunges 99% after linked stablecoin loses peg
The value of Luna, the cryptocurrency linked to stablecoin TerraUSD, now hovers just above $0. Just a week ago, its market capit...
May 13, 2022 (Gmt+09:00)
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Bio & PharmaLG Chem receives FDA nod for CUE-102 cancer treatment phase 1 trials
LG Chem Life Sciences, the biopharmaceutical unit of LG Chem Ltd., has received the US Food and Drug Administration’s appr...
May 13, 2022 (Gmt+09:00)
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EarningsCoupang poised to turn to black after smallest loss in Q1
South Korea’s e-commerce giant Coupang Inc. reported the smallest quarterly loss on strong product commerce business, rais...
May 13, 2022 (Gmt+09:00)
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Mergers & AcquisitionsLotte to buy BMS' biologics plant in Syracuse for $160 mn
South Korea's Lotte Group has agreed to buy Bristol Myers Squibb's (BMS) biologics plant in Syracuse in the state of New York fo...
May 13, 2022 (Gmt+09:00)