South Korean biotech firms poised for gains from US BIOSECURE Act

Expectations are growing that South Korean biotechnology companies, particularly drug contract manufacturers, will see increased orders as a sweepin...

Korea Zinc offers preferential terms to US with option to buy up to 34.5% in $7 bn smelter

Korea Zinc Inc. has agreed to grant the US government an option to acquire up to a 34.5% stake in a minerals smelter it plans to build in Tennessee,...

STIC Investment to acquire laundry franchise giant Cleantopia for about $480 mn

STIC Investment, a South Korea–based private equity firm, is set to acquire Cleantopia, the country’s largest laundry franchise operator...

KT turns to lifer Park Yoon-young for CEO role

KT Corp. has named longtime insider Park Yoon-young as its next chief executive officer candidate, opting for continuity as South Korea’s No. ...

SoftBank's Son urges Korea to secure power to brace for artificial superintelligence

Masayoshi Son, the chief executive of SoftBank Group, on Friday urged South Korea to secure ample energy to prepare for the coming artificial superi...

Crescendo Equity acquires Czech voice security software maker Phonexia

Crescendo Equity Partners, a South Korea-based private equity firm, said on Thursday it has acquired full ownership of Czech voice security software...

Enchem tipped to secure $1 bn electrolyte supply deal with CATL

Enchem Co., a South Korean battery materials producer, is tipped to secure a five-year electrolyte supply contract worth 1.5 trillion won ($1 billio...

Seoul presses brokerages to spread out dollar conversions as won slide deepens

South Korea’s foreign-exchange authorities have urged major brokerages to stagger their dollar-buying and diversify how they source greenbacks...

GS Group joins IMM-led group to invest in digital platform Kakao Healthcare

South Korea's energy-to-retail conglomerate GS Group is set to invest between 10 billion-20 billion won ($6.8 million-$13.6 million) in Kakao Health...

Korean securities firms' IMA rollout to unlock additional $14 bn in risk capital by 2028

South Korea’s push to expand retail access to investment banking products, particularly through investment management accounts (IMAs) and shor...

Nvidia strikes AI alliance with S.Korea, pledges 260,000 GPUs worth $9.8 billion by 2030

GYEONGJU – Nvidia Corp. has agreed to supply 260,000 units of its high-end graphics processing units (GPUs) to South Korea’s government ...

NPS targets North America, Europe, India for real estate expansion

The National Pension Service (NPS) will continue to expand its real estate portfolio in North America, Europe and India, targeting residential, logi...

Samsung Electronics working on AI-powered satellite modem chip for Musk's SpaceX

Samsung Electronics Co., the world’s top memory chipmaker, is developing an artificial intelligence modem chip designed for satellite communic...

Korea Investment & Securities partners with J.P. Morgan to expand global reach

Korea Investment & Securities Co. (KIS), the brokerage unit of Korea Investment Holdings Co., on Thursday discussed strategic cooperation with J...

Korea Investment & Securities, Man Group seek to launch Asia equity fund

Korea Investment & Securities Co. (KIS) and Man Group are preparing to roll out an Asia-focused equity fund, marking their second joint investme...

Sephora, Ulta snap up K-beauty exclusives before Olive Young’s US debut

A K-beauty showdown is brewing in the world’s largest cosmetics market. Sephora and Ulta Beauty are racing to lock in exclusive deals with Sou...

South Korea M&As surge 44% in Q3 as UBS, Kim & Chang hold leads

South Korea’s mergers and acquisitions market rebounded sharply in the third quarter as conglomerates accelerated restructuring and asset sale...

Hard to be optimistic on US FX swap, but not too pessimistic on trade deal: S.Korean security adviser

South Korea’s national security adviser said Monday that Washington is unlikely to agree to Seoul’s request for a currency swap line for...

Korean pharmaceuticals, another victim of Trump tariffs

WASHINGTON, D.C./SEOUL – US President Donald Trump plans to impose 100% tariffs on any branded or patented pharmaceutical products, unless a c...

Seoul warns MASGA project at risk as $350 bn fund talks with Washington stall

South Korea’s negotiations with the US over the launch of a $350 billion US investment fund has made little progress, a senior presidential of...

Google to blur South Korean security sites on mapping services

Google Inc. will remove geographic coordinates of South Korea’s security locations and blur sensitive sites on its maps and Google Earth to ad...

Indirect Chinese investments via PEFs spark alarms over economic security

China is ramping up investments in global strategic and infrastructure assets via indirect channels as a major backer of private equity funds, raisi...

Samsung, Mirae Asset, KB vie for $44.7 bn pension investment pool management

South Korea has opened bidding for the management of its 62 trillion won ($44.7 billion) state pension investment pool, pitting two of the country&r...

S.Korea’s Lee signals end to ‘security with US, economy with China’ policy; to hike defense costs

WASHINGTON, D.C. – South Korean President Lee Jae Myung said on Monday that Seoul can no longer maintain its decades-old strategy of relying o...

HD Hyundai Robotics to raise $144.3 mn to bolster AI-powered robots

HD Hyundai Robotics Co., an industrial robot producer under South Korea’s shipbuilding and machinery giant HD Hyundai Co., will raise 200 bill...

NH gains most in Korea’s first-half IB league; Meritz emerges as fast-rising challenger

South Korea’s investment banking hierarchy is in flux after the country’s leading brokerages reported sharply divergent earnings perform...

HD Hyundai to build quantum-secure network for shipbuilding, defense

HD Hyundai Co., the parent of the world’s largest shipbuilder, HD Hyundai Heavy Industries Co., will build a quantum cryptography communicatio...

LG CNS to build AI data center in Vietnam, accelerating Southeast Asia push

LG CNS Co. will build a hyperscale artificial intelligence data center for Vietnam’s state-run telecom giant Vietnam Posts and Telecommunicati...

S.Korea-US summit set for Aug. 25 with focus on security, economy

President Lee Jae Myung of South Korea and US President Donald Trump will meet face to face for the first time on Aug. 25 in Washington to discuss a...

Mirae Asset Securities’ Q2 profit soars as global ETF business thrives

Mirae Asset Securities Co. on Thursday reported an 83.1% jump in second-quarter operating profit to 540 billion won ($390 million) from the year pri...