Kia's Lego-like PV5 with 16 variants to hit market in July
Kia Corp., South Korea’s second-largest carmaker under Hyundai Motor Group, is set to redefine mobility solutions with its modular electric pl...
Maru SF to open in Silicon Valley in November as Korean startup gateway
Maru SF, a startup campus and networking hub operated by the Asan Nanum Foundation, will open in Silicon Valley this November, marking the organizat...
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...
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...
Hanwha acquires Indonesian bank, first foreign banking venture by Korean insurer
Hanwha Life Insurance Co. has become the first South Korean insurance firm to advance into the overseas banking sector by securing a controlling sta...
Fubon Bank expands Korea presence into banking
Fubon Bank, Taiwan’s largest bank, is poised to open its first office in Seoul in July, expanding its footprint in South Korea beyond insuranc...
SK Hynix leads Samsung in customized HBM; lands Nvidia, Microsoft deals
SK Hynix Inc. has secured Nvidia Corp., Microsoft Corp. and Broadcom Inc. as key clients of its customized high-bandwidth memory (HBM), positioning ...
S.Korea’s CDMO giant Samsung Biologics to offer CRO services
Samsung Biologics Co., the world’s largest contract drugmaker, will enter the contract research organization (CRO) market by leveraging its va...
SK, AWS to build South Korea’s largest, multibillion-dollar AI data center
South Korea’s second-largest conglomerate SK and Amazon Web Services Inc. (AWS), the world's largest cloud platform provider, will build a 103...
K-pop pilgrimage boosts Seoul ahead of BTS comeback
With the days numbered until all seven BTS members reunite as a group, a K-pop pilgrimage is revitalizing Seoul’s cultural and tourism sectors...
Hyundai Motor-backed Motional names AI veteran Laura Major as CEO
Motional Inc., the autonomous driving joint venture backed by Hyundai Motor Group, has appointed Laura Major, an artificial intelligence and robotic...
President Lee: Businesses at center of policy priorities for economic growth
South Korean President Lee Jae-myung on Friday pledged strong government support for the country’s businesses, while emphasizing the need for ...
Koramco targets $7 bn bet on Korea data centers
Koramco Asset Management Co., South Korea’s leading real estate investment firm, plans to invest 10 trillion won ($7 billion) in domestic data...
Lee vows policy overhaul to spur dividend payouts
South Korean President Lee Jae-myung said on Wednesday that the government is preparing tax and regulatory reforms to spur dividend payouts as part ...
GIC resumes Seoul Finance Center sale in major Korean property deal
Singapore’s sovereign wealth fund GIC is resuming the sale of Seoul Finance Center, a landmark office tower in Seoul's central business distri...
Naver Ventures to plant flag in Silicon Valley with TwelveLabs bet
Naver Ventures, the first dedicated Silicon Valley venture capital arm of Naver Corp., has made its debut investment in Nvidia Corp.-backed TwelveLa...
Now, it’s K-vehicle: KG Mobility, Kia lead S.Korea’s military vehicle exports
South Korea’s once domestically focused automakers are making significant inroads into the global defense sector, with a string of recent cont...
SpaceX’s Starlink, Eutelsat’s OneWeb land in Korea for LEO satellite services
South Korea has officially cleared the way for low-earth orbit (LEO) satellite internet services, granting regulatory approval for SpaceX’s St...
Cushman & Wakefield, Avison Young to lead Orange Center sale in Seoul
Cushman & Wakefield and Avison Young have been appointed to oversee the sale of Orange Center, a prime office tower in Seoul’s central bus...
OpenAI sets up entity in Korea with most paid ChatGPT users outside US
OpenAI Inc., the creator of generative AI ChatGPT, has established a legal entity in South Korea, which has the largest number of paying ChatGPT sub...
Korean pension funds, insurers seek customized investment vehicles
South Korean institutional investors are increasingly interested in separately managed accounts (SMAs) that offer customized strategies, as well as ...
KIC bets on Asian real estate; eyes residential, data centers
The Korea Investment Corporation (KIC) is zeroing in on Asia’s real estate market by region, while targeting residential facilities and data c...
Samsung bets on data center HVAC with $1.7 bn FläktGroup acquisition
Samsung Electronics Co. on Wednesday announced the acquisition of FläktGroup, a German manufacturer of heating, ventilation and air conditionin...
Korean Air, Delta to buy 25% stake in Canada’s WestJet for $550 million
Korean Air Lines Co., South Korea’s largest full-service carrier, and its joint venture partner Delta Air Lines Inc. will acquire a 25% stake ...
S.Korea’s GEPS to commit $143 million to foreign mid-cap buyout funds
The Government Employees Pension Service (GEPS), one of South Korea’s top three public pension programs, will commit up to 200 billion won ($1...
Coupang’s Q1 revenue up; quarterly dip signals rising competition
Coupang Inc., South Korea’s largest e-commerce platform, extended its year-on-year sales growth with an 11.1% increase to post $7.9 billion in...
Samsung in talks to supply customized HBM4 to Nvidia, Broadcom, Google
Samsung Electronics Co., the world’s leading memory chipmaker, is in talks to supply customized sixth-generation high-bandwidth memory, or HBM...
US tariffs add risk premium to dollar assets: Maurice Obstfeld
WASHINGTON, D.C. – The US tariff increases are adding risk premiums to dollar-denominated assets, undermining the dollar’s role as a glo...
JD.com opens Korean logistics centers, preluding C-commerce invasion
JD.com, often dubbed China’s answer to Amazon.com, has opened its own logistics centers in South Korea, becoming the first Chinese e-commerce ...
SK Hynix makes strides in CXL technology, escalating rivalry
SK Hynix Inc., the leading global high-bandwidth memory (HBM) chip provider, has moved faster than its rivals in the commercialization of the next-g...
