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...
Korean waste management firm Koentec put on market for $730 mn
Korea Environment Technology Co. (Koentec) is up for sale in a deal that could fetch up to 1 trillion won ($730.4 million) with global private equit...
Hong Kong-based CLSA to invest $36.6 mn in K-Beauty pioneer Jungsaemmool Beauty
Hong Kong-based private equity firm CLSA Capital Partners Ltd. has been picked as a preferred bidder to invest 50 billion won ($36.6 million) in Jun...
Roborock’s privacy policy fuels data leak fears over Chinese goods
A new personal data processing policy from Chinese robot vacuum maker Roborock is raising fears that consumer data could be leaked to or misused by ...
HYBE to bring K-pop idol playbook to India, tapping local talent
India, a country of 1.4 billion people, will be HYBE Co.'s next stop to test its K-pop model by discovering and nurturing local talent under its Cha...
POSCO inducted into World Steel Dynamics’ Hall of Fame
South Korea’s POSCO Group has been permanently inducted into the Hall of Fame by the World Steel Dynamics (WSD), a US steel industry research ...
Hong Kong-based Anchor Equity puts Korea's Danbi Education up for sale
Anchor Equity Partners, a Hong Kong-based private equity firm, is putting its majority stake in South Korea’s top children’s smart educa...
Hanwha Aerospace to build defense plant in Germany as European base
Hanwha Aerospace Co. plans to build a precision missile manufacturing plant in Germany as part of its global strategy to expand its presence across ...
S.Korean military fund to make $73 mn commitment to real estate funds
The Military Mutual Aid Association (MMAA), a South Korean retirement fund, is stepping up efforts to diversify its investment portfolio with a 100 ...
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...
Hamilton Lane invests in IMM infrastructure fund in secondary deal
Global private market investor Hamilton Lane Inc. has acquired a stake in Seoul-based alternative investment firm IMM Investment’s infrastruct...
S.Korea’s Lunit installs breast cancer AI diagnostic tool at 200 US hospitals
Lunit Inc., a South Korean AI-powered cancer diagnostics company, said on Monday that more than 200 healthcare institutions across the US have now a...
Korea's science ministry picks 10 AI, digital startups to back global growth
South Korea’s Ministry of Science and ICT on Thursday announced that it has selected 10 startups founded by Koreans in a program to support th...
RedotPay lands in Seoul with crypto cards
RedotPay, a Hong Kong-based blockchain fintech company, has arrived in South Korea with its cryptocurrency-based payment cards and is poised to disr...
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...
Seoul-backed K-beauty brands set to make global mark
As Korean beauty products continue to captivate global consumers, five Seoul-based cosmetics and wellness companies are gearing up to penetrate deep...
Asia Property to buy WeWork building in Seoul
Seoul-based real estate investment firm Asia Property has been picked as the sole preferred bidder for an office building currently occupied by cowo...
Hahn & Co. acquires SK Specialty for $1.8 billion
Hahn & Co., South Korea’s largest private equity firm, has finalized the acquisition of SK Specialty Co., the world’s leading produc...
Baemin, Yogiyo see record transaction drops in Feb amid Coupang's rise
South Korea’s top and third-ranked food delivery apps, Baedal Minjok (Baemin) and Yogiyo, saw their biggest-ever monthly drops in transaction ...
SK On to supply 100 GWh of EV batteries to Nissan
SK On Co. has landed a deal to supply nearly 100 gigawatt hours (GWh) of electric vehicle batteries to Japanese carmaker Nissan Motor Co., which cou...
Samsung to invest $10 million in US-based C2N Diagnostics
Samsung Group companies will jointly invest $10 million in C2N Diagnostics LLC, a U.S.-based company specializing in blood-based Alzheimer’s d...
Chinese games expand foothold in South Korea
Chinese games are making deep inroads into South Korea, increasing their presence in the mobile gaming market amid a lack of restrictions on foreign...
Hyundai, Avride join hands to develop autonomous robotaxis
Hyundai Motor Co. has agreed to partner with Avride, an autonomous driving technology startup, to develop driverless robotaxis based on all-electric...
Korean bakery giant SPC to build $160 mn US plant as tariff war escalates
SPC Group, the operator of South Korea’s largest bakery chain Paris Baguette as well as Paris Croissant, SPL, Dunkin and SPC GFS, is building ...
Partners Investment, GordonMD eye $150 mn biotech fund launch
South Korean venture capital firm Partners Investment said on Thursday it will raise up to 215.5 billion won ($150 million) in a biotech fund jointl...
Coupang Eats starts food delivery service in Japan
Coupang Eats, a food delivery app operated by South Korea's No. 1 e-commerce platform Coupang Inc., launched its first overseas service in Japan.Acc...
South Korea to tighten delisting rules to remove ailing firms
South Korea will sharply raise the threshold for listed companies to remain trading on the domestic stock market to facilitate the delisting of fina...
LG CNS, Bear Robotics to co-develop autonomous robots
LG CNS Co., a South Korean information technology service company, said on Monday it signed a memorandum of understanding (MOU) with Bear Robotics...
Piccoma tops consumer spending ranking in Japan
Kakao Piccoma, a Japanese digital comics app subsidiary of South Korean mobile giant Kakao Corp., topped the consumer spending ranking in the Japane...
Korea’s Hwasung Cosmetics shines with Affirma Capital’s Midas touch
Singapore-based private equity firm Affirma Capital has turned Hwasung Cosmetics into an emerging original design manufacturer (ODM) for global beau...
