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Korean stock market
Korea's KEDI-based ETFs boom; net assets double in 2 months
South Korean exchange-traded funds (ETFs) tracking KEDI, an index set created by The Korea Economic Daily, are booming on growing investor demand fo...
Aug 20, 2024 (Gmt+09:00)
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Artificial intelligence
Korea’s Mirae Asset to open AI business unit in New York
Mirae Asset Group, the pioneer in South Korea’s mutual fund industry, plans to set up an artificial intelligence business unit in New York as ...
Aug 20, 2024 (Gmt+09:00)
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Tech, Media & Telecom
RaonSecure wins order for Indonesia's digital ID project
South Korean cybersecurity firm RaonSecure Co. announced on Tuesday that it secured a project for Indonesia's integrated digital identity (ID) servi...
Aug 13, 2024 (Gmt+09:00)
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Mergers & Acquisitions
SkyLake offers to fully take over BusinessOn; stock rallies
Seoul-based private equity firm SkyLake Equity Partners has offered to buy the remaining shares of BusinessOn Communication Co., South Korea’s...
Aug 12, 2024 (Gmt+09:00)
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Tech, Media & Telecom
LG Innotek, Ansys forge digital twin technology partnership
South Korea's LG Innotek said on Thursday that it would expand the use of digital twin technology across its operations, partnering with engineering...
Aug 08, 2024 (Gmt+09:00)
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Infrastructure
Macquarie buys its 1st Korean data center for $538 mn
Macquarie Korea Infrastructure Fund (MKIF) has signed an agreement to buy a 40-megawatt (MW) data center from Seoul-based IGIS Asset Management Co. ...
Aug 05, 2024 (Gmt+09:00)
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Mergers & Acquisitions
MezzoMedia acquires digital ad agency DBASE&
MezzoMedia, a digital marketing solutions company under South Korea's entertainment company CJ ENM Co., announced on Thursday that it acquired the d...
Aug 01, 2024 (Gmt+09:00)
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Artificial intelligence
Spear Korea to acquire AI medical firm Life Semantics
South Korea's aerospace materials company Spear Korea will acquire artificial intelligence (AI) medical firm Life Semantics Co. Life Semantics ...
Jul 24, 2024 (Gmt+09:00)
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Artificial intelligence
Naver launches Saudi digital twin project for smart cities
South Korean internet giant Naver Corp. and the Saudi Arabian government have started a five-year project to build digital twin platforms for Riyadh...
Jul 23, 2024 (Gmt+09:00)
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Tech, Media & Telecom
Samsung Elec calls for C-Lab Outside applications
Samsung Electronics Co. announced on Monday that it will enlist startups to participate in its external startup incubation program C-Lab Outside unt...
Jul 22, 2024 (Gmt+09:00)
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Automobiles
LG Innotek to foster car communication parts business with digital key
South Korea’s LG Innotek Co. aims to accelerate growth in the global auto communication parts market with a new digital car key as its parent ...
Jul 22, 2024 (Gmt+09:00)
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Infrastructure
Net zero, digitalization to boost private infrastructure investment
Infrastructure debt is a growing asset class with much to offer investors, with a wide range of assets and characteristics available. AllianzGI mana...
Jul 19, 2024 (Gmt+09:00)
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Banking & Finance
Samsung Asset publishes brokerage ISA guidebook
South Korea's Samsung Asset Management announced on Thursday that it newly published the KODEX Brokerage ISA Investment Guidebook for individual inv...
Jul 18, 2024 (Gmt+09:00)
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Real estate
Samsung likely to buy The Asset office tower for more than $724 mn
Samsung Group is poised to acquire the Samsung Fire & Marine Insurance Co. headquarters building in Seoul for more than 1 trillion won ($724.4 m...
Jul 17, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Korean cosmetics makers see record Q2 profits led by exports
South Korean cosmetics original development and design manufacturers (ODMs) such as Cosmax Inc., Kolmar Korea Co. and Cosmecca Korea Co. are estimat...
Jul 17, 2024 (Gmt+09:00)
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Banking & Finance
Korea’s Lotte Card sees 1st profit in Vietnam since launch
Lotte Card Co., South Korea’s No. 5 credit card issuer, is enjoying its first monthly profit in Vietnam after offering various financial produ...
Jul 16, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Hanyang Securities up for sale; in talks with KCGI, Woori
Hanyang Securities Co., a small South Korean brokerage firm, has been put on the market as its parent Hanyang University Foundation scrambles to kee...
Jul 15, 2024 (Gmt+09:00)
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Bio & Pharma
Samsung Elec invests in US bio startup Element Biosciences
Samsung Electronics Co., the world’s top memory chipmaker, said on Friday it has invested in US biotech startup Element Biosciences Inc. to ex...
Jul 12, 2024 (Gmt+09:00)
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Banking & Finance
Mirae Asset's India Billion Consumer ETF surpasses $150 mn in net assets
South Korea's Mirae Asset Global Investments said on Thursday that the net assets of its TIGER India Billion Consumer ETF surpassed 200 billion wo...
Jul 11, 2024 (Gmt+09:00)
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Metaverse
S.Korea's RaonSecure establishes metaverse subsidiary
South Korean cybersecurity firm RaonSecure Co. announced Wednesday it established RaonMeta, a generative AI-based metaverse platform subsidiary. Rao...
Jul 11, 2024 (Gmt+09:00)
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Bio & Pharma
PharmaResearch acquires TuringBio for digital therapeutics
PharmaResearch Co., a South Korean company specializing in regenerative medicine, announced on Wednesday that it acquired TuringBio, an AI-based dig...
Jul 10, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor unveils SUV digital ad series
Hyundai Motor Co. announced on Monday that it will sequentially release the digital advertisement series Hyundai SUV (sports utility vehicles) Origi...
Jul 08, 2024 (Gmt+09:00)
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Banking & Finance
Samsung Asset's KODEX ETF surpasses $43 bn in net assets
South Korea's Samsung Asset Management announced on Monday that the net assets of its KODEX exchange-traded fund (ETF) have surpassed 60 trillion ...
Jul 08, 2024 (Gmt+09:00)
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Real estate
NPS-backed new prime office building in Seoul struggles with poor demand
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, is seeing little demand for a Seoul-based new prim...
Jul 05, 2024 (Gmt+09:00)
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Petrochemicals
Lotte to halve basic chemicals in portfolio for profitability
South Korea’s No. 2 petrochemicals manufacturer Lotte Chemical Corp. is set to more than halve its basic chemicals business by 2030 in its por...
Jul 05, 2024 (Gmt+09:00)
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Asset management
Young rich Koreans: Financially literate, self-directing
Young South Korean millionaires want to take more control of their investments and bet on sectors they know, not relying passively on private banker...
Jul 05, 2024 (Gmt+09:00)
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Insurance
Kyobo Life, Japan’s SBI to team up on security token, digital finance
South Korea’s Kyobo Life Insurance Group and Japan’s SBI Group have entered into a strategic business partnership agreement to expand th...
Jul 04, 2024 (Gmt+09:00)
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Leadership & Management
AI to drive Mirae Asset's next-phase growth: chairman
Mirae Asset Group is a pioneer in South Korea’s mutual fund industry. It launched the country’s first equity mutual fund in the wake of ...
Jul 03, 2024 (Gmt+09:00)
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Artificial intelligence
AI plagiarism detection startup Muhayu eyes IPO in 2026
South Korean artificial intelligence (AI) startup Muhayu hired Mirae Asset Securities as the lead manager for its initial public offering (IPO) targ...
Jul 03, 2024 (Gmt+09:00)
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Pension funds
NPS to cut global stocks under GP management, up its direct control
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, is set to slash its overseas stocks under global i...
Jul 02, 2024 (Gmt+09:00)
Latest News
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- 3 CJ CheilJedang scraps $3.5 bn green bio sale, shifts gears to expansion
- 4 Trump Jr. meets Korean business chiefs in back-to-back sessions
- 5 Samsung in talks to supply customized HBM4 to Nvidia, Broadcom, Google