Korea faces risk from record $114 bn in inventory assets

South Korea’s major listed companies held record inventory assets as they piled up raw materials to deal with the global supply chain disrupti...

Samsung wins multi-billion-dollar camera module deal from Tesla

Samsung Electro-Mechanics Co., the electronic components unit of Samsung Group, has won a multi-billion-dollar deal to supply camera modules to Tesl...

Korean firms with high ESG scores show great P/E ratios

South Korean corporates’ price-earnings ratios are affected by their environmental, social and governance (ESG) management, experts said at an...

Hyundai Motor to launch investment affiliate in US for further growth

South Korea’s Hyundai Motor Group will establish an investment company in the US state of Delaware to expand its presence in the North America...

LG eyes clean tech supremacy with $1.5 bn spending on green projects

South Korea’s fourth-largest conglomerate LG is setting its sights on clean energy technology as it steps up efforts to transform into an eco-...

Hyundai’s US partner Aptiv invests in self-driving startup StradVision

Aptiv PLC, one of the world’s big three autonomous driving technology companies, has agreed to invest 50 billion won ($39 million) in StradVis...

1 in 4 biotech firms struggles with decreasing cash reserves

South Korea’s biotechnology firms – public and private alike –  are facing increasingly negative financial conditions. T...

S.Korea stocks see dead cat bounce; outlook remains gloomy

South Korea’s shares on Friday rebounded after tumbling in the previous two straight sessions, outperforming their peers in Asia, but few expe...

Ottogi launches vegan tuna on rising demand for plant-based alternatives

Veganism is one of the hottest buzzwords in the food and beverage industry this year. F&B juggernauts are racing to win the hearts and tast...

Brokerages sit on $5.3 bn of global alternative assets to sell down

Some major securities firms in South Korea are having difficulties with overseas alternative assets they have yet to sell down. The brokerage firm...

POSCO revs up eco-friendly, smart steelmaking

South Korea’s leading steelmaker POSCO Group reignited its No. 4 blast furnace at its Gwangyang plant on June 10. The blast furnace has been u...

Korean LPs join Antares Capital’s $3.5 bn credit fund

A few key institutional investors in South Korea are set to commit up to $300 million to a $3.5 billion private credit fund by US private debt man...

Startup tapped to lead S.Korea’s autonomous car security project

South Korea has embarked on a public-private project to bolster communication security for autonomous driving, for which a domestic startup will pla...

S.Korea’s PE fundraising may fall after two-year growth

The National Pension Service will reduce the amount of its new capital commitment to domestic private equity firms by 17% to 500 billion won ($400 m...

Ex-footballer’s startup QMIT raises $2.4 mn in Series A

QMIT Inc., the operator of athlete management platform plco, announced Tuesday that it raised 3 billion won ($2.4 million) in Series A round funding...

Korea May inflation tops 5% for first time since 2008-09 crisis

South Korea’s inflation accelerated further in May to the fastest pace since the 2008-09 global financial crisis on surging energy and food pr...

Dubai sovereign fund in talks with Global Sae-A to sell Ssangyong E&C

Dubai’s sovereign wealth fund is discussing the sale of Ssangyong Engineering & Construction Co. to a South Korean textile business group....

Korea top capsule maker expands Vietnam plant in global push

South Korea’s top capsule and functional food maker is expanding its plant in Vietnam to raise its presence in the world market with the goal ...

Market Kurly's sales surge 49% on-year in Q1

South Korea’s Kurly Inc., the operator of grocery delivery platform Market Kurly, achieved 641.7 billion won ($511.6 million) in gross merch...

Samsung Eng. wins plant design deal from Texas LNG

South Korea’s Samsung Engineering Co. has won a deal to design a liquefied natural gas plant in Texas, taking a step forward to secure a turnk...

LG bets $34 bn on battery, automotive electronics biz for its future

LG Group, South Korea’s fourth-largest conglomerate, is set to pour $34 billion into the battery, automotive electronics and other future grow...

KIC posts 8.83% return on alternative assets since inception

Korea Investment Corporation (KIC), the South Korean sovereign wealth fund, posted a 9.13% annualized return on total assets and $205 billion on a...

BOK steps up inflation fight with back-to-back rate hikes

South Korea’s central bank delivered a back-to-back interest rate hike for the first time in 15 years on Thursday to curb rampant consumer pri...

Hyundai to spend $30 bn on improving quality of combustion engine cars

Hyundai Motor Group will invest 63 trillion won ($50 billion) in its domestic businesses through 2025 to strengthen its competitiveness in electrifi...

SK becomes first group to disclose monetized social value

SK Group, South Korea’s third-largest conglomerate, created 18.4 trillion won ($14.5 billion) in social value in 2021, up 60% from the year pr...

Hyundai to invest $10.5 bn in US EV, future mobility sectors

Hyundai Motor Group, South Korea’s top automaker, unveiled plans to spend $10.5 billion on the auto industry in the US through 2025 as it aims...

E-Mart's conundrum over changing shopping habits

For middle-class families in South Korea, it has become a morning ritual to bring the boxes of fresh produce and daily necessities delivered overnig...

KIC to up alternative assets to 25% of AUM by 2025

Korea Investment Corporation (KIC) will continue to expand alternative investments while strengthening its asset management skills by increasing d...

BOK chief says big-step rate hikes possible; bond yields jump

South Korea’s central bank chief said he will consider big-step interest rate hikes in the coming months to curb inflation in Asia’s fou...

SK On to build $2.3 bn EV battery plant for Hyundai in US

SK On Co., the world’s fifth-largest electric vehicle battery manufacturer, plans to build a new US factory to supply batteries to a planned E...