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Alternative investmentsAju sells San Jose-based hotel at $63 mn after five years
Aju Hotels & Resorts Co., a hospitality firm under Korean conglomerate Aju Group, has sold its San Jose-based hotel to an ...
Jan 25, 2022 (Gmt+09:00)
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EarningsHyundai Motor vows $7.7 billion investment after record 2021 revenue
Hyundai Motor Co. said on Tuesday it will spend a record 9.2 trillion won ($7.7 billion) this year to ramp up facilities for ele...
Jan 25, 2022 (Gmt+09:00)
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Foreign exchangeKorea to reform FX market to join MSCI developed markets
South Korea is set to reform the local currency market as the country aims to reach MSCI Inc.’s developed market status fo...
Jan 25, 2022 (Gmt+09:00)
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EconomyS. Korea's economic growth jumps to 11-year high
South Korea recorded 4% economic growth in 2021 – its highest jump in 11 years – according to the country’s ce...
Jan 25, 2022 (Gmt+09:00)
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Fraud scandalsLazard seeks to sell off fraud-hit Osstem Implant
Lazard Asset Management has tapped multiple professional investors in South Korea to sell off its shares in Osstem Implant Co, w...
Jan 25, 2022 (Gmt+09:00)
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EconomyS. Korean economy grows 4% in 2021
. South Korea's economy is estimated to have grown 4 percent last year, the highest growth rate in 11 years, as consumption and ...
Jan 25, 2022 (Gmt+09:00)
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Corporate bondsCorporates raise record-high $193 bn via stakes, bonds in 2021
Korean companies raised capital of 231.5 trillion won ($193.2 billion) through stock and bond issuance in the domestic market ...
Jan 25, 2022 (Gmt+09:00)
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IPOsKorea’s biotech startup Voronoi to go public in March
South Korea’s biotechnology startup Voronoi Inc. plans an initial public offering in March to raise up to 130 billion won ...
Jan 25, 2022 (Gmt+09:00)
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Artificial intelligenceNaver recruits two AI scholars based in US
Naver Corp. is ramping up its recruitment of global talent in artificial intelligence. The South Korean tech giant announ...
Jan 25, 2022 (Gmt+09:00)
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Future mobilityLG Omnipod: A self-driving home on wheels
LG Electronics Inc. is bringing a life-size model of its future mobility autonomous concept vehicle to the real world.The LG Omn...
Jan 25, 2022 (Gmt+09:00)
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CryptocurrenciesBank of Korea to test CBDC on Samsung devices, not on iPhone
The Bank of Korea (BOK) will launch real-life, offline tests for a central bank digital currency (CBDC) project on Samsung Elect...
Jan 25, 2022 (Gmt+09:00)
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Hydrogen economyKorea’s GS E&C to export hydrogen plant modules to US
GS Engineering & Construction Co. will export hydrogen plant modules to the US, becoming the first South Korean builder for ...
Jan 25, 2022 (Gmt+09:00)