Korean VC firms lose appetite for investment in startups amid dearth of IPOs, M&As for exit

Korean VC firms lose appetite for investment in startups amid dearth of IPOs, M&As for exit

South Korea’s startup community is facing its sharpest funding squeeze in over a decade, as venture capital (VC) firms retreat from new invest...

Korean stock surge drives 4.08% return for National Pension Service in H1

Korean stock surge drives 4.08% return for National Pension Service in H1

The National Pension Service (NPS), the world's third-largest pension scheme, posted a 4.08% return on investment in the first half of this year, wi...

GS E&C offloads Spanish water treatment arm GS Inima for $1.2 bn

GS E&C offloads Spanish water treatment arm GS Inima for $1.2 bn

GS Engineering & Construction Corp. (GS E&C) said on Friday it has agreed to sell its Spanish water treatment arm GS Inima Environment SA fo...

Harman sells system integration unit to Wipro to sharpen audio focus

Harman sells system integration unit to Wipro to sharpen audio focus

Harman International Industries Inc., wholly owned by Samsung Electronics Co., has sold its digital transformation solutions (DTS) unit to India&rsq...

Seoul calls for specific ethylene cut targets, demands shareholders’ fresh fund injections

Seoul calls for specific ethylene cut targets, demands shareholders’ fresh fund injections

South Korea’s financial regulators are calling on the country’s petrochemical producers to draw up sweeping self-rescue measures, includ...

Korea to tighten stewardship code with workplace safety penalties; accident-prone firms remain wary

Korea to tighten stewardship code with workplace safety penalties; accident-prone firms remain wary

South Korea is preparing sweeping changes to its stewardship code that will allow public pension funds and other institutional investors to penalize...

S.Korea’s petrochemical firms to cut capacity on state call for rigorous restructuring

S.Korea’s petrochemical firms to cut capacity on state call for rigorous restructuring

South Korea’s 10 largest petrochemical companies have agreed to restructure their operations, including up to 25% cuts to their naphtha-cracki...

AWS, Upstage deepen ties in AI drive across Asia-Pacific, US

AWS, Upstage deepen ties in AI drive across Asia-Pacific, US

Amazon Web Services (AWS) has reinforced its partnership with South Korean artificial intelligence startup Upstage, backing the company with a minor...

Hana Bank, Vietnam’s BIDV to expand cross-border QR payment services under strategic partnership

Hana Bank, Vietnam’s BIDV to expand cross-border QR payment services under strategic partnership

Hana Bank, one of South Korea’s leading lenders, said on Wednesday that it has signed an agreement with Vietnam's largest state-owned commerci...

LG expands appliance subscription service to Singapore

LG expands appliance subscription service to Singapore

LG Electronics Inc. has introduced a subscription service in Singapore for home appliances ranging from water purifiers to air conditioners, refrige...

Kayne Anderson sees strategic opportunity in resilient, needs-based real estate sectors

Kayne Anderson sees strategic opportunity in resilient, needs-based real estate sectors

Despite an uncertain economic landscape, Kayne Anderson Real Estate, the real estate investment arm of Kayne Anderson, is doubling down on what it d...

Air Liquide in exclusive talks for South Korea’s DIG Airgas for over $3.3bn

Air Liquide in exclusive talks for South Korea’s DIG Airgas for over $3.3bn

Air Liquide SA, a French multinational industrial gas and services company, is eyeing a return to South Korea after its exit a decade ago, as it is ...

LG CNS to build AI data center in Indonesia, first for Korean firm

LG CNS to build AI data center in Indonesia, first for Korean firm

LG CNS Co., the information technology services unit of South Korea’s LG Group, has bagged a deal to build an artificial intelligence-ready da...

Korean Air to launch premium economy at lower prices than rivals

Korean Air to launch premium economy at lower prices than rivals

Korean Air Lines Co., South Korea’s top full-service carrier, on Tuesday unveiled a plan to introduce a premium economy class in September at ...

KKR in exclusive talks to buy SK Ecoplant’s waste unit for $1.1 bn

KKR in exclusive talks to buy SK Ecoplant’s waste unit for $1.1 bn

Global private equity giant KKR & Co. Inc. is in advanced talks to acquire the waste management arm of SK Ecoplant Co., a South Korean construct...

Musk confirms $16.5 bn alliance with Samsung: 'Spoke with Lee via video call'

Musk confirms $16.5 bn alliance with Samsung: 'Spoke with Lee via video call'

Elon Musk isn’t leaving any room for doubt when it comes to Tesla’s multibillion-dollar chip deal with Samsung Electronics Co.The Tesla ...

Yulchon, FleishmanHillard sign partnership to strengthen shareholder activism advisory

Yulchon, FleishmanHillard sign partnership to strengthen shareholder activism advisory

Yulchon LCC, one of South Korea’s leading law firms, has signed a memorandum of understanding with FleishmanHillard Korea to strengthen their ...

Blackpink’s Jump music video draws 100 mn YouTube views

Blackpink’s Jump music video draws 100 mn YouTube views

Blackpink’s music video for their new single Jump has attracted 100 million views on YouTube in just 15 days since its release, according to i...

LG launches ChatExaone AI beta service, available soon for enterprise use

LG launches ChatExaone AI beta service, available soon for enterprise use

South Korea’s fourth-largest conglomerate LG Group has made its artificial intelligence chatbot, ChatExaone, available to external users, sign...

TWICE scores 7th Top 10 entry on Billboard 200 with This Is For album

TWICE scores 7th Top 10 entry on Billboard 200 with This Is For album

South Korean girl group Twice has extended their Billboard streak, landing at No. 6 on the Billboard 200 this week with their new album This Is For ...

Korean budget carriers in the red as Japan travel slows, fare war intensifies

Korean budget carriers in the red as Japan travel slows, fare war intensifies

South Korea’s low-cost carriers (LCCs) are racking up losses as slowing growth in travel, particularly to Japan, fueled price wars to fill exc...

Blackpink’s Jump tops Spotify Global Chart, sets K-Pop record

Blackpink’s Jump tops Spotify Global Chart, sets K-Pop record

With their latest digital single Jump, Blackpink has become the first – and so far only – South Korean act to top Spotify’s Global...

KPop Demon Hunters OST lands at No.6 on Billboard Hot 100

KPop Demon Hunters OST lands at No.6 on Billboard Hot 100

The original soundtrack Golden from Netflix’s hit animated movie KPop Demon Hunters has made chart history, becoming the first track by a virt...

Mercedes opens world’s 1st Maybach flagship center in Seoul

Mercedes opens world’s 1st Maybach flagship center in Seoul

Mercedes-Benz Group on Monday opened the world’s first Maybach Brand Center in Seoul, its largest-ever dealership dedicated to the ultra-luxur...

Blackpink's new single Jump tops Spotify daily chart

Blackpink's new single Jump tops Spotify daily chart

Blackpink's new single Jump has rocketed to No. 1 on the Spotify Daily Top Songs Global chart, YG Entertainment Inc., the company behind the girl gr...

Return of the K-pop queens: Blackpink, Twice power up YG, JYP

Return of the K-pop queens: Blackpink, Twice power up YG, JYP

Blackpink and Twice, two of South Korea’s most prominent K-pop female acts, made high-profile returns on Friday with new releases, heightening...

Cohen & Steers names Andrew Shin to lead S.Korea institutional business

Cohen & Steers names Andrew Shin to lead S.Korea institutional business

US-based investment firm Cohen & Steers Inc. has appointed Andrew Shin, a 20-year veteran of the institutional investment market, as vice presid...

BTS’ Jungkook, IU crowned most-loved K-pop artists worldwide

BTS’ Jungkook, IU crowned most-loved K-pop artists worldwide

BTS’ Jungkook and IU, a singer and actress, have claimed the top spots on the most-favorite K-pop artist charts in both the male and female ca...

Blackpink roars back with Deadline world tour after 2-year hiatus

Blackpink roars back with Deadline world tour after 2-year hiatus

Blackpink has made a dazzling return with its electrifying new song, “Jump,” igniting excitement for its first world tour in almost two ...

HYBE to bring K-pop idol playbook to India, tapping local talent

HYBE to bring K-pop idol playbook to India, tapping local talent

India, a country of 1.4 billion people, will be HYBE Co.'s next stop to test its K-pop model by discovering and nurturing local talent under its Cha...

S.Korea’s $4.7 bn next-generation destroyer project set as 2-way race between Hanwha Ocean, HD Hyundai IMM PE-owned Hanssem commits to sweeping treasury share cancellation to cope with govt mandate MBK Partners promotes Yon Sog Choi to partner; streamlines senior ranks South Korea opens broad special tax probe into Coupang after data breach Bulgari, Tiffany sales soar at Korean department stores as weak won draws big spenders home