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Date
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Korean startups
Service robot maker Bear Robotics raises $81 mn in Series B
South Korea’s robotics startup Bear Robotics Inc. announced Wednesday it raised $81 million in Series B funding from venture capital heavywe...
Mar 16, 2022 (Gmt+09:00)
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Korean startups
Cloud management provider Cloocus receives $41 mn in Series B funding
Cloud management service provider Cloocus Co. has received 50 billion won ($40.8 million) from SK Inc. C&C, those familiar with the investment...
Mar 07, 2022 (Gmt+09:00)
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Venture capital
AI startup OnePredict gears up for $25 mn funding round
South Korean AI solutions provider OnePredict is set to begin a 30 billion won ($25 million) funding round. The Seoul-based startup provides in...
Feb 04, 2022 (Gmt+09:00)
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Mergers & Acquisitions
E-Mart in exclusive talks to buy US food company
South Korea's largest supermarket chain E-Mart Inc. has spent nearly $4 billion on acquisition deals so far this year, including the $3 billion purc...
Dec 28, 2021 (Gmt+09:00)
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Retail
Korean retailers scale back on Southeast Asian operations
South Korea's top three retail groups -- Lotte, Shinsegae and GS -- are struggling with increased losses in the Southeast Asian market, once believe...
Nov 16, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Ssangyong Motor struggles to find new owner
Ssangyong Motor Co., the troubled South Korean sport utility vehicle manufacturer, is struggling to find a new owner amid doubts as to whether the e...
Oct 13, 2021 (Gmt+09:00)
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Food & Beverage
Dongwon aims to rise from canned tuna maker to F&B giant
For many South Koreans, particularly among the older generation, Dongwon is the name of the company that makes canned tunas, for which the food make...
Sep 16, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Korean EV startup makes highest bid for Ssangyong Motor
South Korea's electric vehicle and battery startup EL B&T has offered the highest price of around 500 billion won ($430 million) for debt-laden ...
Sep 15, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Investors revalue E-Mart after owning two-thirds of Starbucks Korea
Shares of E-Mart Inc., South Korea’s largest retailer, are rallying after the company bought an extra stake in Starbucks Korea to control two-...
Jul 29, 2021 (Gmt+09:00)
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E-commerce
Shinsegae-Naver alliance to sell local-themed meal kits as first collaboration
Shinsegae Group and Naver Corp. have jointly devised their first retail business model in about four months after their long-term business agreement...
Jul 20, 2021 (Gmt+09:00)
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Real estate
Shinsegae Group goes asset-light in e-commerce push
South Korea's Shinsegae Group is looking to sell the headquarters building of its supermarket chain E-Mart Inc. for about 1 trillion won ($883 milli...
Jul 06, 2021 (Gmt+09:00)
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Food & Beverage
Korea’s F&B exports to surpass $4.5 billion in 2021
South Korea’s food and beverage (F&B) exports set a new record in 2020 and are projected to rise even higher this year. According to Korea...
Jun 14, 2021 (Gmt+09:00)
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E-commerce
Shinsegae to raise $2 bn in secured loan for eBay Korea
South Korea's Shinsegae and Lotte groups, the two final contenders for eBay Korea, are hurrying to securitize their assets, even offering core real ...
Jun 11, 2021 (Gmt+09:00)
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Korean startups
AI chip startup FuriosaAI wraps up $70 mn Series B round
South Korea-based artificial intelligence startup FuriosaAI has recently wrapped up an 80 billion won ($72.1 million) Series B round, attracting inv...
May 31, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Singapore sovereign fund GIC to buy 30% of Starbucks Korea for $710 mn
Singapore’s sovereign growth fund GIC Private Ltd. plans to acquire a 30% stake in Starbucks Korea for about 800 billion won ($710 million) fr...
May 24, 2021 (Gmt+09:00)
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Korean 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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Korean startups
Food tech startup Sir.LOIN seeks Series B funding; valuation to top $40mn
South Korea-based food tech company Sir.LOIN Inc. is seeking Series B funding in the range of 10 billion won as industry watchers project the startu...
May 06, 2021 (Gmt+09:00)
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Korean startups
Laundry service Wash Swat wraps up $16 mn Series B round
South Korea-based laundry service startup Wash Swat Inc. has secured 17.5 billion won ($16 million) in Series B round funding, bringing the company'...
May 03, 2021 (Gmt+09:00)
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Retail
Kyochon F&B, Galadari tie-up brings Korean fried chicken to Middle East
South Korea's No. 1 fried chicken brand Kyochon F&B has inked a master franchise agreement with Dubai-based franchise operator Galadari Brothers...
Apr 12, 2021 (Gmt+09:00)
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Business & Politics
Naver, E-Mart in share swap talks ahead of Coupang's US IPO
South Korea’s largest online platform Naver Corp. has tentatively agreed to swap its shares with E-Mart Inc., Shinsegae's supermarket chain, a...
Mar 10, 2021 (Gmt+09:00)
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Pre-IPO
Korea's largest H&B franchise launches pre-IPO targeting PEFs
South Korean health and beauty franchise CJ Olive Young has sent teaser letters to potential buyers, including domestic and overseas private equity fu...
Sep 03, 2020 (Gmt+09:00)
Latest News
- 1 Maybe Happy Ending: How a Seoul-made robot love story rewrote the Broadway playbook
- 2 NPS yet to schedule external manager selection; PE firms’ fundraising woes deepen
- 3 Woori Financial wins approval for Tongyang, ABL Life acquisition
- 4 BMW surpasses Mercedes in Korean sales amid imported vehicle market shake-up
- 5 Seoul appeal: Korean art captivates Indonesia’s affluent connoisseurs