Korea Development
Unbiased History & Stories on Korea for Global Audience
Sponsored by Open Korea Foundation
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OpenAI sets up subsidiary in Korea with top paid ChatGPT users outside US
Jason Kwon, Open AI’s chief strategy officer (CSO), speaks during a media briefing in Seoul on May 26, 2025 OpenAI…
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Bill Clinton in Seoul to meet with MBK’s ByungJu Kim, business leaders
MBK Partners founder and Chairman Michael ByungJu Kim Michael ByungJu Kim, co-founder, partner and chairman of Seoul-based private equity firm…
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LS moves closer to Hanjin KAL’s white knight role vs Hoban
Hanjin KAL headquarters Hanjin KAL Corp., the largest shareholder of Korean Air Lines Co., is strengthening its alliance with LS…
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Hanjin KAL roars on renewed control dispute hints with Hoban
Shares of Hanjin KAL Corp., the holding firm of South Korean flag carrier Korean Air Lines Co., extended their rally…
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Mubadala, Goldman Sachs to invest $700 mn in Kakao Mobility
Kakao Mobility was founded in 2017 United Arab Emirates’ sovereign wealth fund Mubadala Investment Co. and Goldman Sachs are set…
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Korea Securities Finance eyes its 1st foreign bond sale in 2026
The exterior view of Korea Securities Finance’s headquarters in Yeouido, Seoul Korea Securities Finance Corp. (KSF) is preparing to issue…
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Hanwha Ocean shares sink ahead of KDB stake block sale
Hanwha Ocean’s floating docks in Geoje, South Gyeongsang Province (Courtesy of Yonhap) Investors rushed to dump Hanwha Ocean Co. shares…
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VIG taps KDB financing to buy 40% stake in Kakao Mobility
Kakao Mobility app and Kakao taxi South Korea’s private equity firm VIG Partners’ buyout of minority stakes in Kakao Mobility…
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China likely to lift ban on South Korea’s K-wave as early as May
BEIJING – China will likely lift its ban on Hallyu, or Korean popular culture in the country, as early as…
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South Korean State Think Tank Cuts 2025 Growth Forecast, Flags U.S. Tariff Risk
The Korean Development Institute now forecasts South Korea’s gross domestic product growth at 1.6% in 2025, slower than its projection…
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Korea to launch $23 bn high tech fund, bracing for Trump 2.0
Choi Sang-mok, South Korea’s acting president and minister of economy and finance South Korea will launch a high tech fund…
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Kakao set to announce AI partnership with OpenAI
Greg Brockman (left) and Sam Altman, co-founders of OpenAI, discuss the future of AI with Korean AI developers at a…
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How STIC Investments’ bet on animal fat processor DK O&T pays off
(Screenshot captured from DK O&T’s website) In South Korea, businesses handling livestock by-products had no investor appeal. They were generally…
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Premier Partners, Praxis Capital lead 2024 Korea PE fundraising
in News(Courtesy of Getty Images) Premier Partners and Praxis Capital are on course to raise 1 trillion won ($680 million) in…
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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 NewsTrucks 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…
