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Short sellingKorea slaps Credit Suisse with largest ever short-sale penalty
South Korea's financial regulator said on Wednesday it has officially imposed Credit Suisse Group AG and its affiliate a combi...
Jul 03, 2024 (Gmt+09:00)
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Electric vehiclesHyundai Motor completes EV ecosystem in Indonesia
JAKARTA, Indonesia – Hyundai Motor Group has built an electric vehicle hub backed by a complete supply chain from raw mate...
Jul 03, 2024 (Gmt+09:00)
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Leadership & ManagementAI 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 ...
Jul 03, 2024 (Gmt+09:00)
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E-commerceKorean grocery delivery platform Oasis to buy e-commerce 11Street
South Korean grocery delivery platform Oasis Corp. is poised to acquire the country’s leading e-commerce operator 11Street...
Jul 03, 2024 (Gmt+09:00)
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Mergers & AcquisitionsLG Electronics acquires Athom to facilitate AI smart home push
South Korea’s home appliance giant LG Electronics Inc. said on Wednesday it has acquired Athom B.V., a Netherlands-based h...
Jul 03, 2024 (Gmt+09:00)
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Food & BeverageJollibee to acquire Korea’s Compose Coffee in $340 mn deal
Jollibee Foods Corp., the Philippines’ largest fast-food chain, is set to take over a majority stake in Compose Coffee Co....
Jul 03, 2024 (Gmt+09:00)
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Bio & PharmaKwangdong Pharma acquires stake in Precision Bio
South Korea's Kwangdong Pharmaceutical announced on Tuesday that it signed a stock purchase agreement to acquire Precision Biose...
Jul 03, 2024 (Gmt+09:00)
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Food & BeverageBBQ's overseas subsidiary revenue surpasses $72 mn in 2023
Genesis BBQ Group announced on Wednesday that the revenue of its overseas subsidiaries last year reached 110 billion won ($79.1 ...
Jul 03, 2024 (Gmt+09:00)
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Bio & PharmaLG Chem launches Synovian in China
South Korea's LG Chem Ltd. announced on Wednesday that it launched its homegrown new drug for osteoarthritis Synovian (marketed ...
Jul 03, 2024 (Gmt+09:00)
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Korean startupsPhyxUp closes in on pre-seed round with US advance
PhyxUp Health Inc., an early stage South Korean digital healthcare startup, will soon close a pre-seed funding round, said its f...
Jul 03, 2024 (Gmt+09:00)
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Bio & PharmaSamsung’s biotech duo on a roll with $1.1 bn CMO order
Samsung Group is on track to rise to the top of biosimilar companies in the world and become South Korea’s largest drug ma...
Jul 03, 2024 (Gmt+09:00)
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Business & PoliticsAmCham launches young professionals program
The American Chamber of Commerce in Korea (AmCham) announced on Wednesday the official launch of its Young Professionals Program...
Jul 03, 2024 (Gmt+09:00)
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Artificial intelligenceAI 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...
Jul 03, 2024 (Gmt+09:00)
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Bio & PharmaLotte Biologics targets $1.1 billion in sales with new bio plants
South Korean biopharmaceutical company Lotte Biologics Co. said on Wednesday it is aiming for 1.5 trillion won ($1.1 billion) in...
Jul 03, 2024 (Gmt+09:00)
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Travel & LeisureKorea’s top resort operator Sono buys T'way stake for $76 mn
South Korea’s top resort operator Sono International Co. has bought a stake in T'way Air Co., a local low-cost carrier (LC...
Jul 03, 2024 (Gmt+09:00)
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MachineryDN Solutions to build plant, R&D center in India
DN Solutions, the world's third-largest and South Korea's top machine tool manufacturer, said on Tuesday that it will establish ...
Jul 03, 2024 (Gmt+09:00)
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North KoreaThis Song Is Catchy and Going Viral. It’s Also North Korean Propaganda.
SEOUL—Jordan Daniels, a 31-year-old pianist and software engineer in California, posted a cover of a catchy new tune on ...
Jul 03, 2024 (Gmt+09:00)