new drug development platform
Scope
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Entertainment
Kakao buys Asia fantasy fiction platform giant Wuxiaworld
South Korea’s Kakao Entertainment Corp. has bought the world’s top Asian fantasy web novel platform Wuxiaworld, based in the US, to expa...
Dec 16, 2021 (Gmt+09:00)
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Investment banking
Credit Suisse promotes two MDs in Seoul
Credit Suisse Group AG has appointed two South Koreans as new managing directors (MD) for its Seoul office. Shim Jong-min and Kim Sei-won were promo...
Dec 16, 2021 (Gmt+09:00)
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Korean chipmakers
SK Hynix makes industry’s highest density 24Gb DDR5 DRAM chip
South Korea’s SK Hynix Inc. said on Wednesday it has shipped samples of 24 Gigabit (Gb) double data rate 5 (DDR5) DRAM, the industry’s h...
Dec 15, 2021 (Gmt+09:00)
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Biotech
Korea’s MedPacto, Merck plan phase 3 trials of colorectal cancer drug
MedPacto Inc., a South Korean biotechnology company that develops therapeutics for cancer and autoimmune diseases, has agreed with global drugmaker ...
Dec 15, 2021 (Gmt+09:00)
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Automobiles
Hyundai’s new Genesis G90: Epitome of luxury design identity
After an exterior peek of its new Genesis sedan G90 last month, Hyundai Motor Co. on Tuesday fully unveiled the flagship luxury model, its first mod...
Dec 14, 2021 (Gmt+09:00)
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Robotics
Robotics shares climb on back of Samsung interest
Shares of Korean robot makers jumped this week following a tech giant’s decision to extend resources on its robotics department. Invest...
Dec 14, 2021 (Gmt+09:00)
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Corporate restructuring
POSCO CEO says split-off units will never be listed
POSCO Group Chairman and Chief Executive Choi Jeong-woo on Monday reaffirmed the group's determination not to list on the stock market the steelmaki...
Dec 13, 2021 (Gmt+09:00)
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Business & Politics
KAIST to establish New York campus by 2025
Korea Advanced Institute of Science & Technology (KAIST), a prestigious national research university in South Korea, is slated to establish a ...
Dec 13, 2021 (Gmt+09:00)
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Corporate restructuring
Samsung launches merged set division as DX; robotics new growth driver
Samsung Electronics Co. has officially launched its new set division, which combines its mobile and consumer electronics businesses into a single un...
Dec 12, 2021 (Gmt+09:00)
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Corporate restructuring
POSCO approves holding company plan for eco-friendly business
South Korea’s POSCO Co. is set to split off the company to launch an investment holding firm, 21 years after its privatization. The move aims ...
Dec 10, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Hyundai Oilbank attracts $20 million from Palantir ahead of IPO
South Korean refiner Hyundai Oilbank Co. has attracted $20 million in investment from US data analytics firm Palantir Technologies Inc. ahead of its...
Dec 09, 2021 (Gmt+09:00)
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Economy
Mortgage loan growth slows to near four-year low in November
Mortgage loan growth at banks in South Korea slowed to near a four-year low in November, on the back of tightened lending rules and an interest rate...
Dec 09, 2021 (Gmt+09:00)
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Markets
China’s CSI, KRX to launch co-developed stock indices
China Securities Index Co. (CSI) and the Korea Exchange (KRX) are set to unveil three stock indices jointly developed for the first time on Dec. 20,...
Dec 09, 2021 (Gmt+09:00)
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Metaverse
Simulation training developer Naviworks eyes 2022 IPO
Naviworks Co., a South Korean developer of virtual reality-based military training software, looks set to join a growing pool of metaverse-themed st...
Dec 09, 2021 (Gmt+09:00)
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Future mobility
Hyundai Mobis to unveil two future concept cars via metaverse at CES 2022
South Korea’s largest auto parts maker Hyundai Mobis Co. said on Wednesday it is unveiling two future mobility concept cars at the upcoming CE...
Dec 08, 2021 (Gmt+09:00)
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Alternative investments
BNK and KTB jointly buy UBS tower in New Jersey for $219 mn
South Korea’s BNK Asset Management Co. acquired UBS Financial Services tower in New Jersey for $219 million from US real estate developer Hart...
Dec 08, 2021 (Gmt+09:00)
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Automobiles
Hyundai to bolster in-car video services with CJ ENM
Drivers of Hyundai Motor Co. and Kia Corp. are set to enjoy their favorite original TV shows and dramas in-vehicle in near real-time, created by Sou...
Dec 08, 2021 (Gmt+09:00)
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Artificial intelligence
Ex-quant developer on a mission to save traders' microseconds
A Korean startup about a year old has succeeded in creating a microchip that speeds up trading by a few microseconds -- a huge difference in the w...
Dec 06, 2021 (Gmt+09:00)
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Aerospace & Defense
Korea’s Hanwha Aerospace to develop small rocket system
Hanwha Aerospace Co., a unit of South Korean conglomerate Hanwha Group, is developing system technology for small projectiles that launch a satellit...
Dec 06, 2021 (Gmt+09:00)
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Metaverse
Krafton enters metaverse space with investment in Naver’s Zepeto
Krafton Inc., one of South Korea’s major game developers, is entering the metaverse space by investing 5 billion won ($4.2 million) in Zepeto,...
Dec 06, 2021 (Gmt+09:00)
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Advertising & Marketing
Cosmetics brands shift to video influencers from celebrities
As influencers on YouTube and social media platforms are becoming central to the marketing efforts of companies, South Korean cosmetics brands...
Dec 03, 2021 (Gmt+09:00)
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Metaverse
Metaverse emerges as promising yet uncertain new world for investors
Virtual realms known as the metaverse that have become the hot topic for tech companies also are winning a new fan base among investors.SoftBank Gro...
Dec 03, 2021 (Gmt+09:00)
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Tech, Media & Telecom
Kakao extends rivalry with Naver into digital healthcare
Kakao Corp., an operator of South Korea's top mobile messenger app KakaoTalk, has set its sights on the digital healthcare market, launching an in-h...
Dec 03, 2021 (Gmt+09:00)
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Venture capital
KTB Network to list at bottom of price range
KTB Network Co., South Korea's first-generation venture capital firm, priced its public offering price at the bottom of the guidance range as the re...
Dec 02, 2021 (Gmt+09:00)
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Batteries
POSCO Chemical, GM to launch new battery material JV in US
South Korea’s POSCO Chemical Co. said on Thursday it is forming a new joint venture with US top automaker General Motors Co. to produce cathod...
Dec 02, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Kakao buys startup Grip, fueling e-commerce push
South Korea's Kakao Corp. has acquired a live streaming e-commerce app Grip Co. to beef up its online shopping business, considered the weakest spot...
Dec 02, 2021 (Gmt+09:00)
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Metaverse
Softbank joins $190 mn fundraising by Naver metaverse platform
Naver Corp.’s metaverse platform secured $190 million from Softbank and other investors to expand its business in a market marked by fierce co...
Dec 01, 2021 (Gmt+09:00)
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Future mobility
Hyundai Mobis unveils foldable steering wheel
South Korea’s Hyundai Mobis Co., an auto parts unit of Hyundai Motor Group, has unveiled a foldable steering wheel along with other technologi...
Dec 01, 2021 (Gmt+09:00)
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Alternative investments
NPS adds Warburg Pincus as real estate asset manager in Q3
The National Pension Service added New York-based private equity firm Warburg Pincus LLC to its pool of 58 global real estate investment manager...
Dec 01, 2021 (Gmt+09:00)
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Korean chipmakers
Samsung’s new auto chip mounted in Volkswagen’s infotainment system
Samsung Electronics Co. is supplying one of its latest advanced chips to Volkswagen AG for the German carmaker’s in-vehicle infotainment syste...
Nov 30, 2021 (Gmt+09:00)
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Latest News
- 1 Hyundai, Kia’s H1 vehicle sales in Singapore double, aided by HMGICS
- 2 Korea’s reshoring companies pale amid lack of support, incentives, tax breaks
- 3 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 4 AI startup MarqVision raises $16.5 mn to close Series A
- 5 Taihan Cable wins $630 mn power grid project in Singapore