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Samsung

Samsung to invest $14.7 billion in new South Korea chip facility

Samsung Electronics Co Ltd plans to invest $14.7 billion to construct a new chip production plant in South Korea, a major bet on its semiconductor business amid a smartphone earnings slump.

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Standard Chartered

StanChart in advanced talks to sell HK consumer unit to Australia's Pepper

Standard Chartered (STAN.L) is in advanced talks to sell its Hong Kong consumer finance business to finance firm Pepper Australia Pty Ltd in a deal that could fetch between $500 million to $700 million, people familiar with the deal said.

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Japan's Prime Minister Shinzo Abe

Japan, China, South Korea agree to ensure geopolitical risks don't threaten recovery

Financial policymakers of Japan, China and South Korea agreed to work together to ensure that geopolitical tensions will not threaten the region's economic recovery.

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US Oil Drill

From Seoul to Mexico City, pressure mounts to ease U.S. oil export ban

Washington is facing growing international pressure to ease its long standing ban on crude oil exports, with South Korea and Mexico joining the European Union in pressing the case for U.S. oil shipments overseas.

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Samsung Group

Samsung Heavy to absorb Samsung Engineering for $2.5 billion

Samsung Heavy Industries will absorb Samsung Engineering for about $2.5 billion, the latest step in a restructuring at South Korea's largest conglomerate that has accelerated since the controlling Lee family's patriarch was hospitalized in May.

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China Car Factory

Factory activity in Europe, Asia cools; demand lull a concern

Factory activity in Europe and Asia cooled in August after a strong July, as new orders dwindled in the face of escalating tensions in Ukraine and a patchy recovery in China, purchasing managers indexes showed.

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An employee of mobile messenger Kakao Talk shows the game 'Anipang'

South Korea's Daum, Kakao shareholders approve merger

Shareholders of South Korean internet portal operator Daum Communications Corp and messaging app company Kakao Corp on Wednesday approved a merger of the two firms in an all-stock deal that values Kakao at more than $3 billion.

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Debt collectors gather outside Dongguan Shinyang Electronics factory

Production halted at Samsung China supplier amid child labor probe

Production has been indefinitely halted at a Chinese supplier to Samsung Electronics Co Ltd (005930.KS) after the factory was suspected of using child workers.

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Naver LINE

After beating Google, Korea's Naver goes global with messaging app Line

The billionaire founder of web portal operator Naver Corp beat back Google Inc to leave South Korea one of few countries where the U.S. search engine does not dominate.

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Shakr Media

Shakr Media raises $2.3 mln boost to revolutionize online video advertising

Shakr Media hooks $2.3 million in a Series A round to expand tech platform. Their sole investor is POSCO Venture Capital, who assisted with receiving funds from the South Korean government.

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MyFitnessPal

US-based fitness app MyFitnessPal to launch localized apps for Asian expansion

San Francisco, California-based nutrition and fitness startup MyFitnessPal is set to launch localized apps with additional languages to build its audience in Asia, particularly in China, Japan, and South Korea.

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Kamcord

US-based gameplay-recording startup Kamcord raises $7.1M to conquer Asia

New York, US-based mobile gameplay-recording startup Kamcord raised $7.1 million in a Series A funding round led by TransLink Capital to conquer the giant gaming markets of Japan, China, and South Korea.

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Enswers

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.

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K-Cube Ventures

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.

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Micromax Informatics Ltd

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.

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