Joyce Lee
Stories by Joyce Lee
BTS agency HYBE joins battle for South Korea’s SM with tender offer
HYBE's acquisition plan drew sharp criticism from SM Entertainment.
S Korea’s Kakao Entertainment secures $966m from sovereign wealth funds
Singapore's GIC and S Arabia's PIF are reportedly investing in the firm.
Saudi Aramco plans to invest in $7b project of South Korean affiliate S-Oil Corp
The project is a refining complex in the port city of Ulsan.
S.Korean chat app Kakao’s co-CEO steps down after widespread outage
The resignation, effective Wednesday, leaves co-CEO Hong Euntaek as the sole CEO
Kakao shares slump as outage triggers demand for regulatory scrutiny
Kakao's messenger app Kakao Talk has over 47m active accounts in S Korea and 53 million globally.
S Korea’s Naver to acquire US fashion platform Poshmark for $1.6b
The deal will combine Poshmark's platform with Naver's tech including image recognition and live streaming.
SoftBank’s Son may talk to Samsung about ‘strategic alliance’ for Arm during Seoul visit
Son "may make a proposal" next month, Samsung Vice Chairman Jay Y. Lee is reported to have said.
Samsung to invest over $5b in 8 years to meet net zero emissions by 2050
It is seeking to make its devices business carbon neutral by 2030
SK Hynix to set up $11b chip plant in South Korea
Construction of the facility will begin in Oct and be completed early 2025
S Korean online grocery startup Kurly gets IPO preliminary approval
Kurly received pre-IPO funding from PE firm Anchor Equity in December 2021
