Companies
Content platforms
Chat fiction app operator eyes global expansion, webtoon market
As smartphones have become essential to everyday life, chat fiction -- storytelling in the form of fictional text messaging -- has become popular among teenagers. And while South Korea isn't the birthplace of chat fiction, domestic startup Eine Blum
15 HOURS AGO
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Market resilience
With chipmakers in full gear, Hyundai Motor poised for rebound
Shares of Hyundai Motor Co. have been trapped in a boxed range for more than four months after falling from an all-time high in early January of 289,...
15 HOURS AGO
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Music and entertainment
HYBE chair to sell subscription rights worth $48.5 mn to raise cash for new share purchase
Chairman Bang Si-hyuk of HYBE Co., the music and entertainment powerhouse behind BTS, is partially selling his subscription rights ahead of the compa...
19 HOURS AGO
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Startups
Team Blind secures $37 mn in Series C round; eyes Nasdaq listing
Teamblind Inc., the operator of Blind, an anonymous social platform for discussion on workplace issues, has successfully concluded its $37 million Se...
19 HOURS AGO
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Small-sized vehicles
Hyundai becomes India’s top SUV seller, wins Indian Car of the Year Award
Hyundai Motor Group’s small and compact sport utility vehicles (SUVs) are posting strong sales in fast-growing economies including India and Ru...
22 HOURS AGO
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Post-IPO performance
Fizzling IPO boom? Korean IPO shares make dull debuts
C&C International Co., South Korea's leading color cosmetics manufacturer, became the fifth company this year to see its share price slide below ...
23 HOURS AGO
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Earnings
Dongkuk Steel’s Q1 operating profit hits 5-year high as economy recovers
Dongkuk Steel Mill Co., South Korea’s third-largest steelmaker, on Monday reported its largest quarterly operating profit in nearly five years ...
May 17, 2021 (Gmt+09:00)
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Startups
SkyLabs wraps up $20 mn Series B round; eyes 2022 listing
South Korea-based healthcare startup SkyLabs has wrapped up its 22.5 billion won ($20 million) Series B round, with plans to focus on beefing up its ...
May 17, 2021 (Gmt+09:00)
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Space business
Hanwha, KAIST to co-launch space research center
Hanwha Group will launch space technology research and commercial projects together with South Korea’s top science and engineering university, ...
May 17, 2021 (Gmt+09:00)
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Construction equipment
Hyundai CE, Amazon develop AI-based equipment diagnosis technology
Hyundai Construction Equipment Co. (Hyundai CE), an affiliate of Hyundai Heavy Industries Holdings Co., said on May 17 that it has jointly developed ...
May 17, 2021 (Gmt+09:00)
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AI investment
LG Group to invest $106 mn in advanced AI tech development
South Korea’s LG Group will spend about 120 billion won ($106 million) over the next three years to establish a massive high-performance comput...
May 17, 2021 (Gmt+09:00)
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Foundry business
Korean foundry firm DB HiTek sets new Q1 sales record
South Korea’s foundry company DB HiTek Co. has reported the highest quarterly revenue since its establishment in 1997. The company’s regu...
May 17, 2021 (Gmt+09:00)
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Startups
E-sports startup Bigpicture Interactive in talks to raise over $9 mn
South Korea-based e-sports startup Bigpicture Interactive Corp. is currently in talks with various venture capital firms to raise over 10 billion won...
May 16, 2021 (Gmt+09:00)
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Cargo crisis
Cargo crisis delivers record earnings for HMM, Korean Air
The ongoing shipping cargo crisis has brought record-high earnings results in the first quarter to South Korea’s largest container line HMM Co....
May 14, 2021 (Gmt+09:00)
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Korean music labels
Blackpink label YG delivers Q1 earnings surprise; 90% above market consensus
YG Entertainment Inc. has delivered earnings surprise in the first quarter of this year, thanks to its K-pop girl group Blackpink's powerful fandom w...
May 14, 2021 (Gmt+09:00)
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[Exclusive] Digital currency
Naver joins Korean central bank's digital currency initiative
South Korea’s platform giant Naver Corp. is taking the leap into the digital currency platform market with its plans to participate in the Bank...
May 14, 2021 (Gmt+09:00)
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Global asset management
Woori Financial takes over Franklin Templeton’s retail fund business
Woori Financial Group has been selected to acquire Franklin Templeton Investments’ retail fund business in South Korea, less than a month since...
May 14, 2021 (Gmt+09:00)
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Future mobility
Hyundai Motor to make EVs in US with $7.4 bn investment by 2025
Hyundai Motor Group will pump $7.4 billion into its US operations by 2025, with a focus on future mobility segments, including electric vehicles (EVs...
May 14, 2021 (Gmt+09:00)
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K-Semiconductor Belt
ASML joins K-Semiconductor Belt with $210 mn investment by 2025
The Netherlands-based ASML Holding N.V., the world’s leading supplier of semiconductor equipment, will be joining the South Korean government-l...
May 13, 2021 (Gmt+09:00)
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Global chip competition
Samsung to invest $151 bn in foundry by 2030, up 28.5% from initial plan
Samsung Electronics Co. will invest 171 trillion won ($151 billion) by 2030 to take over the global foundry leadership from its archrival TSMC. The n...
May 13, 2021 (Gmt+09:00)
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Startups
SoftBank Ventures invests in fashion app targeting middle-aged women
South Korea-based Queenit, a fashion mobile platform targeting middle-aged women, has secured around 5.5 billion won ($5 million) from a pool of high...
May 13, 2021 (Gmt+09:00)
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Earnings surprise
SK Innovation eyes strong battery orders after returning to Q1 profit
SK Innovation Co., a major South Korean oil refiner and battery maker, has returned to an operating profit in the first quarter, boosted by gains in ...
May 13, 2021 (Gmt+09:00)
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Startups
Colosseum rises to e-commerce challenge with one-stop solution
Fulfillment companies are expected to enjoy sharp growth this year, thanks to the global e-commerce boom fueling demand for fulfillment services, wh...
May 13, 2021 (Gmt+09:00)
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ESG financing
Hanwha Group secures $4.4 bn from KDB to finance ESG business
South Korea’s Hanwha Group has clinched a 5 trillion won ($4.4 billion) commitment from the state-run Korea Development Bank over the next five...
May 12, 2021 (Gmt+09:00)
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Korean beer
HiteJinro to export Terra beer to Hong Kong, Singapore, US
South Korea’s record-breaking Terra beer will begin exports to Hong Kong this month, and to Singapore and the United States from the latter hal...
May 12, 2021 (Gmt+09:00)
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Luxury cars
Hyundai’s premium Genesis brand sells over 500,000 cars since launch
Hyundai Motor Co.’s standalone high-end brand Genesis has reached a landmark with sales of over 500,000 cars since its launch as the top South ...
May 12, 2021 (Gmt+09:00)
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Startups
Character IP startup Studio Origin wraps up $4 mn Series A round
South Korea-based character entertainment startup Studio Origin Corp. has successfully concluded a 5 billion won ($4.4 million) Series A round, the c...
May 12, 2021 (Gmt+09:00)
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Hydrogen economy
Eight of top 10 Korean conglomerates betting on hydrogen
There was a time when virtually all major South Korean firms were racing to make something big and heavy. Power plants, offshore oil and gas construc...
May 12, 2021 (Gmt+09:00)
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[Exclusive] COVID vaccines
Samsung Biologics in talks to produce Pfizer’s COVID-19 vaccine
South Korea’s Samsung Biologics Co. is in talks with Pfizer Inc.to produce the US drugmaker’s COVID-19 vaccine under a contract manufactu...
May 12, 2021 (Gmt+09:00)
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M&As
Korean PEF clinches $1.7 bn TaylorMade Golf acquisition
South Korea's lesser-known private equity firm Centroid Investment Partners has acquired US sports equipment manufacturing firm TaylorMade Golf Co. f...
May 11, 2021 (Gmt+09:00)
Hidden Champions
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Latest News
- 1 Chat fiction app operator eyes global expansion, webtoon market
- 2 Hyundai Motor set for rise as chipmakers gear up
- 3 Downtown Seoul office building prices at record high
- 4 HYBE chair to sell $48.5 mn subscription rights to buy new shares
- 5 Team Blind secures $37 mn in Series C round; eyes Nasdaq listing
