seoul

McDonald's Soon to Serve Draft Beer in South Korea

McDonald's is about to launch its experimental outlet in Seoul, South Korea, with draft beer. The fast-food giant has taken its first steps to introduce the concept of beer with hamburgers in Asia, having added this beverage long time back in its German, French, and Spanish outlets. If the Asian people embrace this concept, McDonald's is ready to open up two more similar outlets in Gangnam and Sinchon.

Read Full Article

Hyundai-Kia sees slowest sales growth in 12 years in 2015

Hyundai Motor Co (005380.KS) and affiliate Kia Motors Corp (000270.KS) aim to lift global vehicle sales by 2.5 percent in 2015, as capacity constraints and a weak market recovery set up the South Korean pair for their slowest expansion in 12 years.

Read Full Article

Samsung Electronics heads for annual profit fall after weak third-quarter guidance

Samsung Electronics Co Ltd (005930.KS) is heading for its first annual earnings drop since 2011 after it revealed its July-September profit would be the lowest in more than three years and said short-term prospects for smartphones were uncertain.

Read Full Article

Dollar hits four-year high, Asian stocks on edge as HK seethes

The dollar hit a four-year peak against a basket of currencies in early Asian trade on Monday, bolstering Japanese shares, but other Asian shares shrugged off Friday's Wall Street rebound in the face of political unrest in Hong Kong.

Read Full Article

Lockheed to buy European satellite for South Korea in F-35 deal

Lockheed Martin Corp (LMT.N) said it will buy a European-built military communications satellite for South Korea as part of a $7 billion deal to supply Seoul with 40 F-35 fighter jets, in what industry observers call among the most unusual "offset" agreements ever to accompany a major arms sale.

Read Full Article

Hyundai directors kept in dark on size of $10 billion land bid: sources

Hyundai Motor (005380.KS) and two listed affiliates did not seek board clearance for the size of their record $10 billion bid for a plot of land in Seoul, more than triple its appraised value, four board members of the companies told Reuters.

Read Full Article

South Korean content recognition firm Enswers scores $2M in funding from Samsung

Seoul, South Korea-based content recognition tech firm Enswers scored $2 million in a recent funding round from Samsung Ventures to boost its expansion campaign across the US and North America.

Read Full Article

K-Cube emerges as a key player in South Korea's startup industry

Seoul, South Korea-based early stage venture capital firm K-Cube Ventures has emerged as one of the key players in the country's startup industry with its quick and risky investment deals that focus on startups that offer unique solutions to existing problems.

Read Full Article

Indian smartphone maker Micromax eyes stake in South Korean firm Pantech

Gurgaon, India-based smartphone maker Micromax Informatics Ltd is eyeing the purchase of an undisclosed stake in Seoul, South Korea-based rival Pantech Co Ltd in a bid to expand internationally, according to unnamed sources.

Read Full Article

SM Entertainment invests in BALJUNSO for globalization of South Korea's indie music

Seoul, South Korea-based pop music publisher SM Entertainment invested an undisclosed amount to acquire shares in indie label BALJUNSO to contribute to the globalization of K-Pop's indie sector.

Read Full Article

Easy reading app of Boston firm Spritz to debut on Samsung Galaxy S5 and Gear 2

Boston, US-based app maker Spritz said it will launch its app that will make reading easier on small devices on the soon-to-come smartphone Galaxy S5 and smartwatch Gear 2 of South Korean electronics giant Samsung.

Read Full Article

Foreign direct investment in Seoul reaches five-year record high

Based on data gathered by the Seoul Metropolitan Government, foreign direct investment (FDI) poured into Seoul, South Korea, reached $6 billion in 2013, an all-time high since the global financial crisis hit in 2008.

Read Full Article

Samsung invests in American nanotech firm XG Sciences to co-develop next-gen batteries

Seoul, South Korea-based startup investor Samsung Ventures invested an undisclosed amount in Michigan, US-based nanotech firm XG Sciences to co-develop more advanced batteries for consumer electronics.

Read Full Article

Photos of the week

Photos of the week

Read Full Article

IGIS acquires Seoul's Twin Tree Towers for USD 316 million

KTB Asset Management Co announced the successful sale of its Seoul property, the Twin Tree Towers, to IGIS Asset Management Co.

Read Full Article

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics