Government employees pension service
Scope
Date
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Future mobility
SK Telecom-led consortium to commercialize air taxis on Jeju Island
Come 2025, visitors to South Korea’s resort island of Jeju will be able to hail air taxis while there – thanks to special air routes ded...
Sep 14, 2022 (Gmt+09:00)
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Electric vehicles
LG Group revs up EV charging businesses to lead burgeoning sector
LG Group affiliates, notably LG Electronics Inc. and LG Uplus Corp., are entering the electric vehicle (EV) charging business in full force. In...
Sep 13, 2022 (Gmt+09:00)
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Pension funds
Korea may limit NPS power on shareholder derivative suits
South Korea may keep the National Pension Service (NPS), the world’s third-largest such fund, from increasing its power for shareholder deriva...
Sep 07, 2022 (Gmt+09:00)
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Cloud computing
Hancom to focus on cloud computing and AI services
South Korea’s homegrown software giant Hangul and Computer Group, also known as Hancom Inc. Group, is slated to transform itself into a cloud ...
Sep 07, 2022 (Gmt+09:00)
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Mergers & Acquisitions
MBK’s talks to buy S.Korean education platform falter
MBK Partners’ talks to buy a controlling stake in South Korea’s MegaStudyEdu Co. have collapsed, the company said on Friday, a deal esti...
Sep 02, 2022 (Gmt+09:00)
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Tech, Media & Telecom
South Korea’s tech giants bolster short-form video content services
South Korea’s tech behemoth Naver Corp. is poised to strengthen its short-form content service on surging demand for video content that is les...
Sep 02, 2022 (Gmt+09:00)
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K-pop
S.Korea mulls public survey to decide on BTS' military service exemption
The issue of allowing K-pop megaband BTS to fulfill alternative service to active military duty resurfaced again on Thursday, with government offici...
Sep 01, 2022 (Gmt+09:00)
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Pension funds
NPS' new chairman Kim Tae-hyun to start 3-year term
South Korea’s National Pension Service (NPS) is set for its new Chairman Kim Tae-hyun, a former CEO of state-run Korea Deposit Insurance Corp....
Sep 01, 2022 (Gmt+09:00)
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Venture capital
South Korean government slashes fund of funds budget by 40% on-year
The South Korean government is facing a backlash from the startup and venture capital sectors after slashing next year’s fund of funds budget....
Aug 31, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Korean teens prefer TikTok over KakaoTalk, says survey
South Korean teens appear to prefer to do their social networking on TikTok over KakaoTalk, as short-form videos surge in popularity worldwide. ...
Aug 26, 2022 (Gmt+09:00)
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Pension funds
Korea's NPS commits to Blackstone's ESG credit platform
The National Pension Service (NPS) of South Korea, has committed capital to Blackstone Credit’s Sustainable Resources Platform to enhance the ...
Aug 25, 2022 (Gmt+09:00)
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Electric vehicles
Korea targets Tesla, imported EVs with new subsidy policy
South Korea is planning to set up a new subsidy policy for electric vehicle purchases, which will be commensurate to the EV makers’ after-sale...
Aug 24, 2022 (Gmt+09:00)
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Electric vehicles
Tesla sweeps local EV subsidies as Korean firms at disadvantage in US
Tesla Inc. and other US electric vehicle makers are enjoying strong sales in South Korea thanks to government subsidies while the revised US EV tax ...
Aug 22, 2022 (Gmt+09:00)
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Electric vehicles
GM Korea’s outlook gloomy without EV production
General Motors Co. is unlikely to produce electric vehicles in South Korea as it aims to maximize the benefit of the US government’s tax credi...
Aug 22, 2022 (Gmt+09:00)
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Real estate
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...
Aug 19, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Kakao ends talks with MBK to sell mobility app stake
South Korea's Kakao Corp. has terminated talks with MBK Partners to sell a stake in Kakao Mobility Corp., the country’s No. 1 taxi-hailing app...
Aug 18, 2022 (Gmt+09:00)
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Corporate governance
Activist fund steps up pressure for SM Ent's governance reform
Align Partners Capital Management, a South Korean activist fund, has threatened legal action against entertainment behemoth SM Entertainment Co., re...
Aug 18, 2022 (Gmt+09:00)
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Robotics
LG, KT join forces to launch next-generation service robots
South Korea’s leading telecommunications company KT Corp. has partnered with LG Electronics Inc. to develop and launch next-generation custome...
Aug 17, 2022 (Gmt+09:00)
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Pension funds
Carlyle tops NPS' favorite PE managers as of end-2021
The Carlyle Group was the most preferred fund manager hired by South Korea’s National Pension Service (NPS) as of end-2021, according to NPS&r...
Aug 16, 2022 (Gmt+09:00)
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Future mobility
Korean e-scooter platforms diversify to survive
South Korean shared electric scooter platforms are taking over their smaller rivals or entering new markets as beefed-up safety guidelines on two-wh...
Aug 16, 2022 (Gmt+09:00)
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Samsung Group
Samsung Group to speed up corporate governance reform
Samsung Group, South Korea’s largest conglomerate, is expected to accelerate the restructuring of its corporate governance to help Vice Chairm...
Aug 15, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Experts criticize Seoul's quantum computer development efforts
The United States: 4158. South Korea: 50These figures refer to the number of qubits in a quantum computer that each country seeks to develop by 2026...
Aug 12, 2022 (Gmt+09:00)
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Earnings
Kakao to bolster open chat, ad services for growth
South Korea’s leading online platform operator Kakao Corp. on Thursday unveiled plans to bolster its open chat and advertising businesses to a...
Aug 05, 2022 (Gmt+09:00)
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Korean games
DeFi platform Neopin unveils plan for Web 3.0, NFT, multichain services
Blockchain firm Neopin announced its strategy to strengthen its foothold in the global DeFi Market on Thursday with four keywords: Web 3.0, multicha...
Aug 04, 2022 (Gmt+09:00)
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Blockchain
SK Telecom launches NFT marketplace open beta service
South Korea’s top mobile carrier SK Telecom Co. launched an open beta service of its non-fungible tokens (NFTs) marketplace TopPort as the com...
Aug 04, 2022 (Gmt+09:00)
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Food & Beverage
Korean snack shares surge, Beijing halts baked goods imports from Taiwan
Shares of South Korean confectionery and packaged snack makers skyrocketed after the Chinese government announced its decision to temporarily halt t...
Aug 04, 2022 (Gmt+09:00)
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Korean startups
Popular app operators in South Korea race to create super apps
App operators in South Korea are in stiff competition to create super apps – as clear winners have emerged in different business sectors.The d...
Aug 03, 2022 (Gmt+09:00)
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K-pop
Seoul leans toward alternative military service for BTS
South Korea is leaning toward allowing the K-pop boy band BTS to fulfill alternative service instead of active military duty, the country’s mi...
Aug 02, 2022 (Gmt+09:00)
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Mergers & Acquisitions
LX Pantos mulls Air Premia acquisition to facilitate global logistics service
LX Pantos Co., the logistics unit of South Korea’s LX Group, is looking to acquire a controlling stake in local budget carrier Air Premia Co.,...
Aug 01, 2022 (Gmt+09:00)
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Future mobility
Hyundai Motor to buy Korean self-driving startup 42dot
South Korea’s top carmaker Hyundai Motor Group is set to purchase autonomous driving startup 42dot, intensifying the automaker’s competi...
Jul 29, 2022 (Gmt+09:00)
Latest News
- 1 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 2 AI startup MarqVision raises $16.5 mn to close Series A
- 3 Taihan Cable wins $630 mn power grid project in Singapore
- 4 Korean startup scene is gloomy, say 2 out of 5 startup CEOs
- 5 MBK ups stakes for Korea Zinc to match buyback offer