S.Korea to overhaul retirement pension system, introduce competition for higher returns

S.Korea to overhaul retirement pension system, introduce competition for higher returns

South Korea is planning a sweeping overhaul of its corporate retirement pension system by introducing a competitive, fund-based model that would pit...

LS Cable breaks ground on $681 mn underwater cable plant in Chesapeake

LS Cable breaks ground on $681 mn underwater cable plant in Chesapeake

WASHINGTON, D.C. – LS Cable & System Ltd., South Korea’s leading wire and cable manufacturer, has broken ground on its first underwa...

Netmarble to launch new game 'RF Online Next'

Netmarble to launch new game 'RF Online Next'

Netmarble Corp., South Korea’s leading game developer, is slated to roll out “RF Online Next” on March 20, a revamp of the old tit...

S.Korean investors name their 33 favorite alternative asset managers

S.Korean investors name their 33 favorite alternative asset managers

Blackstone and HarbourVest Partners are South Korean institutional investors’ preferred private equity firms, according to a survey by Korea I...

LG, SNU team up to develop AI modeling for protein structure predictions

LG, SNU team up to develop AI modeling for protein structure predictions

LG AI Research Institute, the artificial intelligence think-tank of LG Group, South Korea’s fourth-biggest conglomerate, on Thursday signed a ...

Doosan Enerbility to supply TerraPower's SMR equipment

Doosan Enerbility to supply TerraPower's SMR equipment

South Korea's Doosan Enerbility Co. said on Thursday it signed a contract with TerraPower to supply the equipments for small modular reactor (SMR).T...

Korea Inc. rushes to booming local corporate bond market

Korea Inc. rushes to booming local corporate bond market

South Korean companies are rushing to raise money in the local corporate bond market, which is unusually buoyant at year's end amid expectations of ...

GC establishes generative AI platform Hey GC

GC establishes generative AI platform Hey GC

South Korea's Green Cross Holdings Corp. (GC) said on Tuesday it established its generative AI standard platform Hey.GC.Hey.GC is designed to improv...

Korean LPs tighten due diligence on general partners

Korean LPs tighten due diligence on general partners

In the wake of COVID-19, South Korean pension funds and insurance companies have placed a greater focus on asset managers' capabilities for post-inv...

Naver Cloud launches AI meeting minutes service

Naver Cloud launches AI meeting minutes service

Naver Cloud, the cloud subsidiary of South Korean online giant Naver Corp., said on Friday the launch of Naver Works Clova Note, an AI-based enterpr...

Korea Investment lists structured warrants in Indonesia

Korea Investment lists structured warrants in Indonesia

Korea Investment & Securities Co. has become the first South Korean securities firm to list derivative warrants in Indonesia after issuing 11 st...

Korea’s finance min, central bank chief to take on demographic crisis

Korea’s finance min, central bank chief to take on demographic crisis

South Korea’s finance minister and central bank chief on Monday agreed to address the world’s lowest fertility rate, a most urgent task ...

Daishin Securities lowers its price target for Nongshim

Daishin Securities lowers its price target for Nongshim

Daishin Securities Co. cut its price target on Nongshim Co.'s stock to 530,000 won ($397) from 550,000 won ($412) on Tuesday, saying the company's o...

Samsung signs wind turbine structure supply deal with Equinor

Samsung signs wind turbine structure supply deal with Equinor

South Korea's Samsung Heavy Industries Co. said on Wednesday that it has signed an exclusive agreement with Norway's state-owned energy company Equi...

HD Hyundai, Scottish firms to cooperate on offshore wind power

HD Hyundai, Scottish firms to cooperate on offshore wind power

South Korea's HD Hyundai Heavy Industries Co. announced on Wednesday that it signed a memorandum of understanding (MOU) with Scottish Enterprise and...

Private markets open to more high-net-worth individuals: Hamilton Lane

Private markets open to more high-net-worth individuals: Hamilton Lane

The number of high-net-worth individuals allocating capital to private markets is increasing fast. These are wealthy individuals who own at least $1...

Power transformer sales explode on AI boom: HD Hyundai Electric CEO

Power transformer sales explode on AI boom: HD Hyundai Electric CEO

Cho Seok, chief executive of HD Hyundai Electric Co., is an outsider at Korea Inc.When he was named CEO of the power equipment maker in December 201...

Samsung C&T to build Korea’s first $103 mn hydrogen tank for power plant

Samsung C&T to build Korea’s first $103 mn hydrogen tank for power plant

Samsung C&T Corp., the construction and trading unit of South Korea’s Samsung Group, has clinched a 140 billion won ($103 million) deal to...

Hyundai Engineering, Trimble Solution to develop BIM

Hyundai Engineering, Trimble Solution to develop BIM

South Korea's Hyundai Engineering Co. announced on Wednesday that it partnered with Trimble Solution Korea to co-develop a building information mode...

Fed rate cuts will be faster than market consensus: TCW

Fed rate cuts will be faster than market consensus: TCW

Investors tend to rush to fixed-income markets when recession risk rises. South Korean investors are no exception – retail investors have been...

S.Korea’s Doosan Enerbility to develop aircraft engines

S.Korea’s Doosan Enerbility to develop aircraft engines

South Korea’s major power plant builder Doosan Enerbility Co. plans to develop aircraft engines based on its turbine technology as its new gro...

Hyundai Engineering wins Asia Design Prize 2024

Hyundai Engineering wins Asia Design Prize 2024

South Korea's Hyundai Engineering Co. announced on Wednesday that it won the Asia Design Prize 2024, an international design competition in Asia...

Flashlight Capital urges KT&G to sue its directors for negligence

Flashlight Capital urges KT&G to sue its directors for negligence

Singapore-based investment management firm Flashlight Capital Partners Pte. (FCP) has urged South Korean tobacco maker KT&G Corp. to sue its inc...

IMM invests $97 mn in Korean supplier of Boeing, Airbus

IMM invests $97 mn in Korean supplier of Boeing, Airbus

IMM Investment Corp., a major South Korean private equity firm, invested $97 million in Kencoa Aerospace Corp., a local supplier of global industry ...

Korean language demand creates new overseas markets for startups

Korean language demand creates new overseas markets for startups

South Korean language startups are expanding their business in overseas markets with their local tongue through generative artificial intelligence, ...

Hyundai IONIQ 6’s engine named best in US

Hyundai IONIQ 6’s engine named best in US

Hyundai Motor Co. announced on Friday that its electric vehicle (EV) IONIQ 6 sedan's powertrain was named one of the "2023 Wards 10 Best Engines and...

Samsung Galaxy Z foldables set early sales record in Europe

Samsung Galaxy Z foldables set early sales record in Europe

Samsung Electronics Co. 's Galaxy Z Flip 5 and Z Fold 5 smartphones have set early sales records in Europe, with annual sales of the company's folda...

LG Energy Solution converts 56% of electricity into renewable energy

LG Energy Solution converts 56% of electricity into renewable energy

South Korea’s lithium-ion battery maker LG Energy Solution Ltd. on Monday released a report containing the company’s environmental, soci...

CJ CheilJedang simplifies organizational structure in global push

CJ CheilJedang simplifies organizational structure in global push

CJ CheilJedang Corp., the South Korean food giant with more than 200 operations worldwide, has streamlined its organizational structure to facilitat...

Hyundai Group chief calls on PE firm help to defend against Schindler

Hyundai Group chief calls on PE firm help to defend against Schindler

South Korea’s conglomerate Hyundai Group Chairwoman Hyun Jeong-eun is seeking money from a local private equity firm to defend the management ...

Kakao Pay backs out of acquisition deal for SSG Pay, Smile Pay Hanwha in talks to buy five-star hotel Paraspara Seoul Kia's Lego-like PV5 with 16 variants to hit market in July Stray Kids make K-pop history with landmark stadium show in Germany S.Korea’s most prominent business leader returns with all charges cleared