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Scope
Date
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Private equity
Seoul sees high odds of reversing Lone Star-favoring ruling
South Korea’s justice ministry expressed confidence in winning an appeal against an international ruling that accepted part of Lone Star&rsquo...
Sep 02, 2022 (Gmt+09:00)
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Private equity
Seoul ordered to fork over $230 mn to Lone Star over KEB deal
An international tribunal delivered a ruling in favor of Lone Star on Wednesday over a dispute with South Korea relating to its 3.9 trillion won ($3...
Aug 31, 2022 (Gmt+09:00)
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Private equity
Lone Star, Seoul wrangle over KEB deal set to wrap up
A decade-long dispute between South Korea and the US private equity firm Lone Star Funds over a Korean deal will be wrapped up next week, with an in...
Aug 25, 2022 (Gmt+09:00)
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Aerospace & Defense
S.Korean defense firms receive $15 bn order from Poland
South Korea’s defense makers, namely Hyundai Rotem Co., Korea Aerospace Industries Ltd. (KAI), and Hanwha Defense Corp., clinched export dea...
Jul 27, 2022 (Gmt+09:00)
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Aerospace & Defense
KAI targets to sell 1,000 units of FA-50 light attack aircraft worth $30 billion
Korea Aerospace Industries Ltd., South Korea’s sole military aircraft manufacturer, is seeking to sell 1,000 units of the FA-50 light combat a...
Jul 22, 2022 (Gmt+09:00)
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Aerospace & Defense
S.Korea defense firms poised to ink $7.7 bn in deals with Poland
South Korea’s defense makers including Hyundai Rotem Co., Korea Aerospace Industries Ltd. (KAI) and Hanwha Defense are poised to clinch 10 tri...
Jul 20, 2022 (Gmt+09:00)
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Travel & Leisure
Moon boats light up the birthplace of Korean Confucianism
Riding a crescent moon-shaped boat that changes colors is a must-do experience in the small South Korean city of Andong, 190 km southeast of Seoul.T...
Jun 29, 2022 (Gmt+09:00)
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Korean startups
Ex-footballer’s startup QMIT raises $2.4 mn in Series A
QMIT Inc., the operator of athlete management platform plco, announced Tuesday that it raised 3 billion won ($2.4 million) in Series A round funding...
Jun 07, 2022 (Gmt+09:00)
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Bio & Pharma
Hugel accelerates European botox sales with Poland's approval
Hugel Inc., South Korea’s largest maker of botulinum toxin products used to treat overactive muscles and facial wrinkles, has won sales approv...
Jun 03, 2022 (Gmt+09:00)
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Private equity
Korea, Lone Star brace for ruling on decade-long dispute
An international arbitrator is set to rule on a decade-long legal tussle between South Korea and Lone Star Funds as early as next month over the US ...
Apr 19, 2022 (Gmt+09:00)
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Entertainment
CJ ENM sets up production studio focused on OTT content
South Korea’s entertainment giant CJ ENM Co. established a studio specializing in content for over-the-top (OTT) platforms at home and abroad ...
Apr 06, 2022 (Gmt+09:00)
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Cloud computing
KT, NHN launch cloud subsidiaries
South Korea’s second-largest wireless carrier KT Corp. launched a cloud computing subsidiary on Friday. Cloud computing is the on-demand ...
Apr 03, 2022 (Gmt+09:00)
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Korean startups
Star-studded vision AI startup SNUAI requires less data and time
“The first joint venture with the Seoul National University seal of approval” is how artificial intelligence startup SNUAI Lab Co. des...
Mar 22, 2022 (Gmt+09:00)
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Companies
South Korea's contact lens exports surge in 2021
South Korea's contact lens brands accelerated their penetration into the global market estimated at $10 billion in 2021, thanks to the market's rebo...
Mar 10, 2022 (Gmt+09:00)
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Korean startups
Coupang wraps up 2021 with record sales of $18.4 bn
South Korea’s e-commerce juggernaut Coupang Inc. posted $18.4 billion in sales last year, up 54% on-year. Compared to the pre-pandemic level i...
Mar 04, 2022 (Gmt+09:00)
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Metaverse
VR star signs with K-pop label YG Entertainment
South Korean game developer and publisher Smilegate announced Monday that its virtual human signed an exclusive contract with an affiliate of global...
Feb 15, 2022 (Gmt+09:00)
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Alternative investments
German urban logistics and light industrial assets promising, DLE says
The pandemic has brought logistical real estate and infrastructure into the spotlight driven by long-term underlying e-commerce trends. It is advant...
Jan 28, 2022 (Gmt+09:00)
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Corporate restructuring
NPS approves POSCO's split into holding firm, steelmaker unit
The National Pension Service (NPS) of Korea, the largest shareholder of POSCO Co., has given its nod to the steelmaking giant’s plan to spli...
Jan 24, 2022 (Gmt+09:00)
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Aerospace & Defense
S.Korea’s defense exports to top $10 billion
South Korea’s defense exports hit a record last year as key local makers such as LIG Nex1 Co., Hanwha and Korea Aerospace Industries Ltd. (KAI...
Jan 17, 2022 (Gmt+09:00)
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Alternative investments
Hyundai E&C to inject $343 mn in Hilton Seoul redevelopment
Hyundai Engineering & Construction Co. (Hyundai E&C), a construction giant under Hyundai Motor Company, will invest 409.9 billion wo...
Jan 11, 2022 (Gmt+09:00)
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Dunamu, Naver Z invest $8.5 mn in metaverse firm Persona Space
Persona Space, a subsidiary of South Korean metaverse company Galaxy Corp., said on Dec. 16 it has attracted 10 billion won ($8.5 million) investm...
Dec 16, 2021 (Gmt+09:00)
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Entertainment
BTS may have to serve in South Korean army
It appears the world’s top boy band BTS will have to serve in the South Korean military as lawmakers in the country have so far failed to agre...
Nov 26, 2021 (Gmt+09:00)
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Food & Beverage
Hawaiians, tourists to enjoy BB.Q’s signature K-chicken
BB.Q Chicken has brought its Korean fried chicken to Hawaii, one of the world’s top tropical resort destinations, as it aims to raise its bran...
Nov 17, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Korean Air gets Vietnam’s regulatory approval for acquisition of Asiana
Korean Air Lines Co. (KAL) said on Tuesday it has obtained regulatory approval from Vietnam for its 1.8 trillion won ($1.6 billion) deal to acquir...
Nov 16, 2021 (Gmt+09:00)
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Entertainment
Korean TV stars tipped for Kosdaq IPO windfalls
A spate of South Korean entertainment companies' public listings will likely create windfalls of up to tens of millions of dollars for Korean TV sta...
Nov 15, 2021 (Gmt+09:00)
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Entertainment
K-pop stars see huge capital gains from stock options
Executives and employees of top K-pop agencies such as SM Entertainment Co. and YG Entertainment Inc. are expected to earn huge capital gains from...
Oct 29, 2021 (Gmt+09:00)
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Shipping & Shipbuilding
SM Line sees light at the end of the tunnel: SM Group’s Woo
When SM Group, formerly known as Samla Midas Group, took over assets of bankrupt Hanjin Shipping Co., for 37 billion won ($32 million) at the end of...
Oct 27, 2021 (Gmt+09:00)
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Aerospace & Defense
Hyundai Heavy, Babcock join forces for Korea’s first aircraft carrier
Hyundai Heavy Industries Co. teamed up with British engineering company Babcock International to develop South Korea’s first aircraft carrier....
Sep 01, 2021 (Gmt+09:00)
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Electric vehicles
Hyundai to delay launch of IONIQ 6 for redesign, longer mileage
Hyundai Motor Co. will delay the much-anticipated launch of the IONIQ 6, the top South Korean automaker’s second all-electric vehicle on an ex...
Aug 16, 2021 (Gmt+09:00)
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Energy
Samsung Heavy aims renewable energy markets with offshore wind floater
South Korea’s Samsung Heavy Industries Co. unveiled an offshore wind floater to branch out into renewable energy markets at home and abroad. ...
Jul 19, 2021 (Gmt+09:00)