Samsung supplies newest nanoprism image sensors to Xiaomi to crack Sony’s lead
Samsung Electronics Co. is supplying a new high-performance image sensor featuring nanoprism technology to China’s Xiaomi, as the South Korean...
Samsung to unveil 1st triple-folding smartphone by year’s end to rival Huawei’s Mate X2 Tri-Fold
NEW YORK – Samsung Electronics Co. plans to release its first triple-folding smartphone by the end of this year to fend off growing competitio...
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...
Tencent eyes 2nd-largest stake in Kakao Mobility amid broader Korea push
Chinese tech giant Tencent Holdings Ltd. has emerged as a surprise contender in a race to acquire a roughly 40% stake in Kakao Mobility Corp., the o...
Samsung to thrash out strategy amid Trump, Middle East crisis
Samsung Electronics Co., South Korea’s most valuable company, is convening its most senior executives this week to plot its path back to the t...
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...
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...
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...
Kakao Mobility to build smart infrastructure for Saudi Diriyah project
Kakao Mobility Corp., which runs South Korea’s most popular ride-hailing app, Kakao T, has clinched a deal to build a future mobility infrastr...
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...
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 ...
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 ...
Mubadala, Goldman Sachs to invest $700 mn in Kakao Mobility
United Arab Emirates’ sovereign wealth fund Mubadala Investment Co. and Goldman Sachs are set to invest a combined $700 million in Kakao Mobil...
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...
Harman acquires Masimo’s audio arm in Samsung’s car audio push
Harman International Industries Inc., wholly owned by Samsung Electronics Co., has acquired Masimo Corp.’s audio business for $350 million, a ...
Kakao shares sink on SK Telecom’s stake sell-off news
Kakao Corp. shares underperformed its peers and the broad market on Friday after SK Telecom Co. sold off its entire stake in the South Korean platfo...
S.Korea’s medical tourism thrives on weak currency
Foreign visitors to South Korea jumped nearly 20% early this year, largely driven by a sharp depreciation in the country’s currency value agai...
LG CNS breaks into US smart city market
LG CNS Co., the information technology service unit of South Korea’s LG Group, has won its first public-sector smart city contracts in the US,...
US PE firm Miri Capital ups stake in Korea’s STIC Investments
US private equity firm Miri Capital Management LLC said on Tuesday it has raised its stake in STIC Investments Inc. to step up its shareholder activ...
Korea’s KG Mobility teams up with Chery to develop mid to large SUVs
KG Mobility Corp., a South Korean automaker specializing in sport utility vehicles, said on Wednesday it joined hands with China’s fourth-larg...
DB GlobalChip forays into mobile phone OLED driver chip market
DB GlobalChip Co., the chip design subsidiary of South Korea’s chip foundry company DB HiTek Co., has begun mass-producing organic light-emitt...
Samsung mobile chief fills leadership void in device division
Samsung Electronics Co. has appointed TM Roh, president and head of its mobile eXperience (MX) business, as the new chief of its device eXperience (...
Krafton buys India’s Nautilus Mobile, fueling IP race in Korean game scene
Krafton Inc., one of South Korea’s top four market-cap gaming firms, has taken over Indian game developer Nautilus Mobile for $14 million, upp...
VIG taps KDB financing to buy 40% stake in Kakao Mobility
South Korea’s private equity firm VIG Partners’ buyout of minority stakes in Kakao Mobility Corp., the nation’s most popular taxi-...
Samsung Chairman Lee meets with Xiaomi CEO Lei Jun for partnership
BEIJING – Samsung Electronics Co. Chairman Lee Jae-yong has met with Xiaomi Inc. Chief Executive Lei Jun in the Chinese capital, raising specu...
Korean Air to finalize $32.7 bn deals with Boeing, GE Aerospace
Korean Air Lines Co., the country’s top full-service carrier, is set to soon finalize $32.7 billion deals with Boeing Co. and GE Aerospace for...
Hyundai chief Chung Euisun targets software-led car dominance by 2028
Hyundai Motor Group Chairman Chung Euisun has set an ambitious target to outpace Tesla Inc. in software-defined vehicle (SDV) technology by 2028, un...
