US digital infrastructure market
Scope
Date
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Aerospace & Defense
Boryung invests $10 million in Intuitive Machines
South Korea's Boryung Corp. said on Friday it bought $10.0 million in shares of US-based lunar lander company Intuitive Machines to expand its space...
Dec 06, 2024 (Gmt+09:00)
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Beauty & Cosmetics
LG H&H’s sales surge 156% on Amazon Black Friday
South Korea’s LG H&H Co. said on Thursday its sales on Amazon Black Friday this year surged 156% year over year.The Face Shop's Rice Water...
Dec 05, 2024 (Gmt+09:00)
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Infrastructure
IFM Investors bets big on infrastructure investing: Gee-Grant
IFM Investors, a global investment manager owned by Australian pension funds, is looking to infrastructure as the fastest-growing asset segment for ...
Dec 05, 2024 (Gmt+09:00)
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Corporate investment
Samsung invests in AI security platform Axiado
Samsung Electronics Co. said on Thursday it invested in the Series C funding round of Axiado, a US-based artificial intelligence (AI) security platf...
Dec 05, 2024 (Gmt+09:00)
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IPOs
Sono International seeks IPO in 2025 with $2.1 billion in corporate value
South Korea’s top resort operator Sono International Co. is seeking an initial public offering of its shares on the Korean market next year, r...
Dec 05, 2024 (Gmt+09:00)
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Korean games
S.Korea's Smilegate invests in GTA producer's studio
Smilegate, the South Korean developer of the world’s top first-person shooter game Crossfire, said on Tuesday it invested in the US-based medi...
Dec 04, 2024 (Gmt+09:00)
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Automobiles
Hyundai, Kia on course for record 2024 US sales, led by SUVs, hybrids
South Korea’s Hyundai Motor Co. and its sister firm Kia Corp. saw their US vehicle sales surge in November, driven by large SUVs, hybrids and ...
Dec 04, 2024 (Gmt+09:00)
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Markets
BOK to buy repos to counter martial law-driven market tantrum
South Korea’s central bank will provide "unlimited" liquidity to the country’s financial markets by purchasing repurchase agreements, or...
Dec 04, 2024 (Gmt+09:00)
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Artificial intelligence
LG CNS to enter US smart building biz
South Korea's LG CNS said on Tuesday it signed a memorandum of understanding (MOU) with the US-based real estate management SomeraRoad and Mastern A...
Dec 03, 2024 (Gmt+09:00)
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Corporate bonds
Korean companies’ cash reserves swell to record high
Cash holdings at South Korean companies have soared to a record-high level, data showed on Monday. Companies are stepping up efforts to raise cash t...
Dec 02, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Rebellions · Sapeon Korea merger, the first domestic AI chip unicorn
Rebellions Inc., a South Korean artificial intelligence chip design startup, officially merged with Sapeon Korea to form the first domestic AI chi...
Dec 02, 2024 (Gmt+09:00)
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Economy
Korea’s export growth at 14-month low, adds to BOK rate cut views
South Korea’s export growth fell to a 14-month low in November with shipments to the world’s two biggest markets the US and China down, ...
Dec 01, 2024 (Gmt+09:00)
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Pension funds
NPS enjoys 9.2% return as of Q3 on bullish US stocks
The National Pension Service (NPS), South Korea’s largest institutional investor, reported a preliminary 9.18% return from investments, equiva...
Nov 29, 2024 (Gmt+09:00)
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Aerospace & Defense
Hanwha Ocean, Babcock to team up for submarine exports
South Korea's Hanwha Ocean Co. said on Friday it signed a strategic partnership with the UK-based global defense industry giant Babcock Internationa...
Nov 29, 2024 (Gmt+09:00)
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Venture capital
S.Korean startup accelerators to boost overseas biz
South Korean accelerators (ACs) are turning to Southeast Asia and the Middle East market to support startups and expand their reach.ACs, companies t...
Nov 29, 2024 (Gmt+09:00)
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Bio & Pharma
Noul's miLab registered FDA's Class I
South Korea's Noul Co., an in-vitro diagnostics maker and artificial intelligence (AI)-based blood and cancer diagnostic platforms company, said on ...
Nov 28, 2024 (Gmt+09:00)
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Food & Beverage
CJ CheilJedang sells ambient fried rice in N.America
South Korea's CJ CheilJedang Corp. said on Thursday it will export and sell its ambient rice product, Bibigo Korean BBQ Fried Rice, to the North Ame...
Nov 28, 2024 (Gmt+09:00)
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Aerospace & Defense
S.Korea's HJ S&C eyes US Navy MRO market
HJ Shipbuilding & Construction Co. (HJ S&C) said on Wednesday it won a 124.7 billion won ($894 million) contract from the Defense Acquisit...
Nov 28, 2024 (Gmt+09:00)
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Mergers & Acquisitions
CJ ENM, SK Square invest $179 mn in Wavve ahead of merger with TVing
South Korean entertainment powerhouse CJ ENM Co. and SK Group’s investment arm SK Square Co. have invested a combined 250 billion won ($179 mi...
Nov 27, 2024 (Gmt+09:00)
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Entertainment
SM's UK K-pop group Dear Alice to debut with Gamma
South Korea's SM Entertainment Co. partnered with the US-based music label "Gamma." to globally debut its first British K-Pop boy group Dear Alice.A...
Nov 27, 2024 (Gmt+09:00)
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Food & Beverage
CJ CheilJedang's Sobaba Chicken enters US, Japan
South Korea's CJ CheilJedang Corp. said on Wednesday its frozen fried chicken Sobaba Chicken entered Costco stores in the US and Japan.Sobaba Chicke...
Nov 27, 2024 (Gmt+09:00)
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Private equity
Kamur PE sells cutting tool maker JJ Tools to Blackstone
Seoul-based Kamur Private Equity has signed a definitive agreement to sell a majority stake in South Korean industrial cutting tool manufacturer JJ ...
Nov 27, 2024 (Gmt+09:00)
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Banking & Finance
KB Kookmin Card, UnionPay to cooperate on marketing
South Korea's KB Kookmin Card said on Tuesday it signed a memorandum of understanding (MOU) with China's UnionPay to cooperate on marketing. ...
Nov 27, 2024 (Gmt+09:00)
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Asset management
Mirae Asset aspires to No. 5 in Indian securities market with Sharekhan
South Korea’s leading asset manager Mirae Asset Financial Group will strive to grab the fifth-largest share of the Indian securities market th...
Nov 27, 2024 (Gmt+09:00)
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Asset management
BlackRock names Lee Yoon Pyo as head of S.Korea business
BlackRock, the world's best-known asset manager, has appointed Lee Yoon Pyo as managing director and head of its South Korea operations, effective f...
Nov 27, 2024 (Gmt+09:00)
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Central bank
BOK to keep rate at 3.25% in Nov despite dim GDP outlook: survey
South Korea’s central bank is expected to freeze its policy rate at 3.25% during its last monetary policy meeting of the year to prevent any f...
Nov 26, 2024 (Gmt+09:00)
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Energy
Samsung C&T, LS Electric to establish US solar JV
South Korea's Samsung C&T Corp. and LS Electric Co. signed a memorandum of understanding (MOU) on Monday to expand solar power projects in the U...
Nov 26, 2024 (Gmt+09:00)
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Corporate bonds
Triple-A rated SK Telecom, KT tap 10-year bond market
South Korean companies with top-notch credit ratings such as SK Telecom Co. and KT Corp. are returning to the long-term bond market amid growing int...
Nov 26, 2024 (Gmt+09:00)
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Leadership & Management
Hyundai’s José Muñoz sees new Trump policy, China's rise as opportunity
LOS ANGELES – José Muñoz, freshly tapped as the next chief executive of Hyundai Motor Co., says the current market uncertainty s...
Nov 25, 2024 (Gmt+09:00)
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Korean startups
Everyone deserves a good night’s sleep: Munice CEO
Insomnia is a common clinical phenomenon in modern societies profoundly affecting many people’s health and well-being, and South Korean startu...
Nov 25, 2024 (Gmt+09:00)
Latest News
- 1 NPS yet to schedule external manager selection; PE firms’ fundraising woes deepen
- 2 Woori Financial wins approval for Tongyang, ABL Life acquisition
- 3 BMW surpasses Mercedes in Korean sales amid imported vehicle market shake-up
- 4 Seoul appeal: Korean art captivates Indonesia’s affluent connoisseurs
- 5 CJ CheilJedang scraps $3.5 bn green bio sale, shifts gears to expansion