Hong Kong to list world’s 1st Samsung single-stock leveraged ETF

A pair of leveraged exchange-traded funds tracking only Samsung Electronics Co. will make a debut on the stock exchange in Hong Kong next week, whic...

MBK chairman to leverage own funds to pay Homeplus suppliers

Michael ByungJu Kim, the co-founder, partner and chairman of Northeast Asia-focused private equity firm (PEF) MBK Partners Ltd., is expected to leve...

Korea, US to expand cooperation in shipbuilding sector

WASHINGTON -- South Korea and the US plan to set up a working group to expand their cooperation in the shipbuilding industry from warships to commer...

Hanwha Ocean swings to profit, seeks 6 US Navy MRO projects

Hanwha Ocean Co., a South Korean warship builder, said on Friday it swung to profit in 2024 for the first time in four years, driven by increased sa...

Woori Bank to arrange $3.7 bn for Qatar desalination, power plant

South Korea's Woori Bank said on Tuesday it will arrange the Qatar Ras Abu Fontas desalination and power plant project, estimated to cost $3.7 billi...

Celltrion to establish CDMO subsidiary

Celltrion Inc., South Korea’s largest biosimilar maker, said on Friday it plans to establish a contract development and manufacturing organiza...

AI-driven shifts will unlock opportunities: SK Chairman

Challenges are ahead but the artificial intelligence industry will eventually boom, opening new markets, said South Korea’s second-largest bus...

LIG Nex1, Palantir join forces on AI weaponry

LIG Nex1 Co., a leading South Korean defense contractor, is teaming up with US artificial intelligence (AI) specialist Palantir Technologies to deve...

Samsung, AMD to collaborate on 3 nm GAA tech chipmaking

Samsung Electronics Co., the world’s largest memory chipmaker, is expected to expand its partnership with US-based fabless semiconductor desig...

Netmarble leverages existing IPs, M&As to keep growth

Expectations are growing high that Netmarble Corp., South Korea’s second-largest game developer and publisher, will extend its growth streak t...

Lunit buys breast cancer detection AI firm Volpara Health

Lunit Inc., a South Korean cancer diagnostics AI company, has completed the acquisition of Volpara Health Technologies Ltd., a New Zealand-based AI ...

SK C&C unveils enterprise-tailored sLLM

SK Inc C&C (SK C&C), the information technology service unit of South Korea’s SK Group, announced on Monday that it launched Solur LLM...

Nexon opens blockchain game corporations in UAE

South Korea’s online game developer Nexon Korea Corp. opened its corporations in the United Arab Emirates (UAE) at the end of last year to str...

S.Korea, Indonesia to strengthen battery materials supply chain

South Korea and Indonesia plan to strengthen the collaboration to establish an electric vehicle (EV) battery ecosystem, capitalizing on Indonesia'...

Naver Band surpasses 5 million MAU in US

South Korea’s Naver Corp. announced Thursday the monthly active user (MAU) of its community social networking platform Naver Band surpassed 5 ...

Korea Investment raises $400 mn to expand US assets

Seoul-based brokerage firm Korea Investment & Securities Co. (KIS) has raised $400 million in new bonds to strengthen its investments in the US ...

Hanmi Semiconductor sets up local corporation in Vietnam

South Korean chip equipment maker Hanmi Semiconductor Co. said on Wednesday that it has set up a local subsidiary, Hanmi Vietnam, in the Bac Ninh re...

Kakao Brain to launch investment fund for AI startups

Kakao Brain, a South Korean artificial intelligence (AI) company owned by Kakao Corp., said on Sunday it plans to set up a fund of up to 10 billion ...

Kepco E&C takes first step in protecting nuclear power plants from drones

Kepco Engineering & Construction Co. has teamed up with South Korea's defense company Terra Defense to establish a system aimed at protecting nu...

Hyundai Eng. promotes MMR nuclear power plant project in Poland

Hyundai Engineering is promoting a micro module nuclear power plant project in Poland, on the heels of completing a similar project in Canada.The co...

Doosan Enerbility, Siemens Gamesa join forces for offshore wind power

Major South Korean power plant builder, Doosan Enerbility Co., has entered into a strategic partnership with the world's No. 1 offshore wind power c...

Korea's InCerebro to leverage AI to identify drug candidates

South Korean AI-based drug developer InCerebro aims to identify potential drug candidates using molecular modeling technology, according to its CEO ...

Samsung seeks to sell more smartphones in Southeast Asia

Southeast Asia is an attractive smartphone market for both heavyweights and mass-market players given the relatively large number of young people wh...

LG HelloVision, S-1 to jointly enter home security market

South Korea's cable TV provider LG HelloVision and security company S-1 Corp.  announced they will jointly develop a home-based platform using ...

LG fridges, TVs to leverage embedded AI to distinguish human voices

LG Electronics Inc., an industry frontrunner in applying artificial intelligence to home appliances, has unveiled a new speaker identification techn...

Seoul advises Mirae to cut leverage for $3 bn IFC deal

South Korea’s land ministry has advised Mirae Asset Global Investments Co. to cut the proposed leverage for its 4.1 trillion ($3 billion) deal...

Teachers' Pension eyes direct lending, PE with low leverage

Teachers’ Pension (TP) of South Korea will increase exposure to its overseas alternative assets, its Chief Investment Officer Lee Kyu-hong sai...

DL Chem raises $1.8 bn for US leveraged buyout

DL Chemical Co. became the first South Korean company to acquire a US-listed company in a leveraged buyout. The Korean petrochemical company said on...

Korea’s Toss operator invests $5 mn in US startup fintech platform Republic

Viva Republica Inc., a leading South Korean fintech unicorn and operator of mobile financial super app Toss, is investing $5 million in Republic, a ...

Korean M&A industry may reconsider leveraged buyouts

South Korea’s M&A market may reconsider leveraged buyouts due to the Supreme Court’s remanding of the case involving Sun Jong-koo, the...