Korea Development
Unbiased History & Stories on Korea for Global Audience
Sponsored by Open Korea Foundation
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OpenAI, KDB to collaborate to enhance S.Korean AI ecosystem
in News
Kang Seok-hoon, Chairman of Korea Development Bank (right) and Jason Kwon, OpenAI Chief Strategy Officer The US-based OpenAI and Korea…
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Samsung C&T-Sumitomo consortium wins $3.7 billion Qatar project
in News
A combined cycle gas power plant and a desalination plant in Qatar An international consortium involving South Korea’s Samsung C&T…
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Woori Bank to arrange $3.7 bn for Qatar desalination, power plant
in News
South Korea’s Woori Bank said on Tuesday it will arrange the Qatar Ras Abu Fontas desalination and power plant project,…
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Shinsegae affiliate SSG.COM secures Olympus as new financial investor
in News
SSG.COM, the e-commerce brand of Korea’s retail giant Shinsegae Korean retail giant Shinsegae Group’s online shopping mall operator SSG.COM has…
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State-run think tank KDI slashes GDP forecast, urges BOK to cut rates
in News
Trucks carrying container boxes to the PNC Terminal at the Port of Busan The Korea Development Institute (KDI), South Korea’s…
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Jay-Z’s Roc Nation to invest $5 mn in S.Korea’s Musicow
in News(Courtesy of Musicow) US entertainment tycoon Jay-Z’s Roc Nation is expected to invest about $ 5 million in Musicow Inc.,…
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MBK’s Korea Zinc takeover attempt to spur search for white knights
in News
(Courtesy of Getty Images) North Asia-focused private equity firm MBK Partner Ltd.’s attempt to take control of Korea Zinc Inc.…
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South Korean VCs in search of better returns abroad
in News(Courtesy of Getty Images) South Korean venture capitalists’ appetite for foreign entrepreneurs shows no sign of waning as they continue…
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HMM to spend $17.5 bn by 2030 to double cargo capacity
HMM Co., South Korea’s largest ocean carrier, said on Tuesday it will spend 23.5 trillion won ($17.5 billion) by 2030…
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LVMH, OpenAI, LG deepen ties with startups in S.Korea
MarqVision co-founder and CBO DK Lee (center from right) speaks on the stage (Courtesy of MarqVision) South Korean startups and…
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From War to Miracles: The Evolution of South Korea Amidst Global Struggles
in History
The End of the Korean War: A Historical Overview The Korean War, which began in 1950, was a significant conflict…
automotive, BTS, China Relation, cold war, Democracy, Discussion, Economic Miracle, family, history, Japan, K-pop, Korea Development, Korean History, Korean Language, Korean Military, Korean Technology, Korean War, Military, North Korea, Peace, Politics, Protest, Unification of Korea, USA Relation, World War -
Yanolja’s Nasdaq IPO plan hit by Qoo10’s liquidity turmoil
Nasdaq congratulates Yanolja’s acquisition of Israeli tech firm Go Global Travel on May 15, 2023 (Courtesy of Yanolja) Yanolja Co.,…
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Qxpress investors to take over Qoo10 founder’s control
Ku Young Bae, Qoo10 founder and chief executive, enters his home in Seoul with the South Korean prosecution officials to…
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Hyosung to sell its specialty gas unit for $943 mn to Korean PEs
Hyosung Vina Chemicals’ facilities in Vietnam (Courtesy of Hyosung Chemical) South Korea’s Hyosung Group is poised to sell a 100%…
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GM Korea supplier Erae cs eyes revival by unit sales
Advertisement of Erae AMS (photo captured from Erae AMS’ website) A controlling stake in Erae AMS Co., formerly Delphi Automotive…
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Eugene PE, KDB PE to acquire Boryung Biopharma for $231 million
A consortium of Eugene Private Equity and Korea Development Bank Private Equity will acquire 80% of South Korean vaccine maker…
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Samsung seeks $3.6 billion in loans from KDB for chip investment
South Korean tech giant Samsung Electronics Co. seeks to borrow as much as 5 trillion won ($3.6 billion) from the…
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SK Inc. in talks to sell Pharmteco’s US CDMO plant to Novo Nordisk
SK Pharmteco’s headquarters in Sacramento, California SK Inc., the holding and investment company of SK Group, South Korea’s second-largest conglomerate,…
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EV battery maker LG Energy eyes $2 bn global bond sale
LG Energy Solutions’ booth at RE+ 23, an annual clean energy trade show held in September 2023 in Anaheim, California…
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Doosan emerges as darling in Korea’s BBB bond market
Doosan Co. is poised to raise up to 80 billion won ($58 million) in bond sales this week following its…
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SK asks KDB for more funds before drastic restructuring
SK Group headquarters building SK Group, South Korea’s second-largest business group in terms of total assets, has asked the country’s…
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Korea to offer $10.75 bn refund guarantees for shipbuilders
A shipyard in Geoje, South Korea South Korean banks and state-run financial institutions will issue $10.75 billion worth of refund…
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PwC’s Korean member taps new chiefs, creates finance unit
Samil PwC nominates Hong Joon-ki (left) as chief of the audit unit, Min Joon-seon as deals unit leader and Lee…
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Asiana’s cargo unit to be sold for $362 mn to Air Incheon
Air Incheon’s cargo plane (Courtesy of Air Incheon) South Korean flag carrier Korean Air Lines Co. has tapped Air Incheon,…
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Asia’s largest startup fair NextRise 2024 held in Seoul
The Korea International Trade Association and Korea Development Bank announced on Thursday that the Asia’s largest startup fair “NextRise 2024…
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Yellow Umbrella’s new CIO to spur alternative investment
The Yellow Umbrella Mutual Aid Fund logo (Courtesy of Yellow Umbrella) The Yellow Umbrella Mutual Aid Fund, a 25.4 trillion…
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Korea’s KDB widens gap in VC fundraising in H1; NPS to fund in July
Korea Development Bank in Seoul (Courtesy of KDB) Capital commitment of state-run Korea Development Bank (KDB) has widened the gap…
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Korean biotech Bertis to join BIO 2024 for global reach
Bertis Chief Executive Han Seung-man South Korean biotech Bertis Inc. will deliver presentations at the BIO International Convention, one of…
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Korea’s bad loan managers seek liquidity via bond sales
Korean non-performing loan asset management firm UAMCO and employees South Korean non-performing loan (NPL) managers are increasing fundraising through their…
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Korea’s Taeyoung to sell hotel to speed up debt workout
A view from Take Hotel’s swimming pool (Photo captured from Take Hotel’s website) South Korea’s Taeyoung Group, which is undergoing…
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S.Korea’s largest startup fair NextRise to be held in June
The Korea International Trade Association announced on Tuesday that the largest domestic startup fair in South Korea, NextRise 2024 Seoul,”…
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Taeyoung E&C kickstarts debt workout with IGIS’ investment
Taeyoung Engineering & Construction’s headquarters in Yeouido, Seoul Creditors to Taeyoung Engineering & Construction Co. (Taeyoung E&C) gave the go-ahead…
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Machine tool maker DN Solutions kicks off IPO process
DN Solutions products (Screenshot captured from the company website).png DN Solutions Co., the world’s third-largest machine tool maker, has kicked…
