KT Rental

Corporate strategy KT&G eyes overseas M&A after rejecting activist fund's offer

KT&G Corp., South Korea’s dominant tobacco and ginseng producer, is seeking to acquire a Japanese ginseng company after dismissing a 1.9-t...

Artificial intelligence KT rolls out Thai-tailored large language model

South Korean telecom service provider KT Corp. has built a large language model (LLM) platform tailored for the Thai market in collaboration with Ja...

League table UBS tops Korea’s buyout deal advisory in Q1 thanks to Lotte

UBS Group AG, the frontrunner in South Korea's M&A market last year, retained the top position in the country's buyout advisory market in the fi...

Pension funds CPPIB invests in Seoul office building for rental housing conversion

The Canada Pension Plan Investment Board (CPPIB) and South Korean property developer MGRV have jointly acquired the headquarters of a domestic women...

Mergers & Acquisitions Affinity Equity set to close $1.1 bn purchase of Lotte Rental

Affinity Equity Partners said on Friday that it will sign a definitive agreement on March 11 with Lotte Group to acquire a 56.2% stake in South Kore...

Tech, Media & Telecom Microsoft CEO Nadella seeks AI alliance with Hyundai, POSCO, Shinhan, KT

Microsoft Corp. Chairman and Chief Executive Satya Nadella is seeking to forge an artificial intelligence alliance with major South Korean companies...

Real estate CPPIB to enter South Korean rental housing market

The Canada Pension Plan Investment Board (CPPIB), one of the world’s top 10 global pension fund managers, is joining other foreign asset manag...

Tech, Media & Telecom KT to sell financial security unit for $59 mn for restructuring

South Korea’s KT Corp. is set to sell Initech Co., its Kosdaq-listed financial security unit, for 85 billion won ($59.1 million) as the leadin...

Retail KT&G establishes Uzbekistan corporation

South Korean tobacco maker KT&G Corp. said on Monday it established the Uzbekistan corporation, aiming to boost its tobacco brand awareness in...

Mergers & Acquisitions Hahn & Co. buys SK Enpulse’s chip wafer polishing pad business

Seoul-based private equity firm Hahn & Co. has agreed to buy the chemical mechanical polishing (CMP) pads manufacturing division of SK Enpulse C...

Private equity Affinity to transform top Korean car rental firms into mobility service providers

Affinity Equity Partners aims to develop leading South Korean car rental companies into mobility service providers to create additional profitabilit...

Private equity Hong Kong-based PEF Affinity Equity to acquire control of Lotte Rental

Affinity Equity Partners, a Hong Kong-based investment firm, will acquire a controlling stake in South Korea’s No. 1 car rental and leasing co...

Corporate bonds Triple-A rated SK Telecom, KT tap 10-year bond market

South Korean companies with top-notch credit ratings such as SK Telecom Co. and KT Corp. are returning to the long-term bond market amid growing int...

Aerospace & Defense SpaceX's Falcon 9 launches S.Korean satellite into orbit

A Falcon 9 rocket developed by Tesla Inc. founder Elon Musk’s SpaceX has successfully launched the Koreasat-6A, a communication satellite that...

Shareholder activism KT&G to buy back shares, rejects Ginseng unit buyout offer

South Korean tobacco maker KT&G Corp. on Thursday unveiled a plan to buy back shares and pay dividends totaling 3.7 trillion won ($2.7 billion) ...

Korean stock market MSCI Korea Index adds Hyundai Rotem

MSCI announced on Wednesday that South Korea's Hyundai Rotem Co. will be added to the Morgan Stanley Capital International (MSCI) Korea Index. ...

Tech, Media & Telecom KT unveils 8K resolution AI IPTV set-top box

South Korea's KT Corp. unveiled the first IPTV set-top box supporting 8K resolution (33.2 megapixels) with on-device AI capabilities on Tuesday. Ac...

Banking & Finance Lotte Card launches long-term rental car card in Vietnam

South Korea's Lotte Card Co. launched a long-term car rental exclusive card in Vietnam to expand its presence in the local market.Its Vietnamese s...

Logistics CJ Logistics, KT&G introduce hydrogen cargo trucks

South Korea's CJ Logistics said on Thursday that it deployed two 11-ton hydrogen-powered cargo trucks in the logistics division of KT&G Corp.The...

Shareholder activism Flashlight Capital offers to buy KT&G’s ginseng business for $1.4 billion

Singapore-based investment management firm Flashlight Capital Partners Pte. (FCP) has offered to buy South Korean tobacco maker KT&G Corp.'s gin...

Tech, Media & Telecom KT, KT SAT, Nara Space to launch satellite data biz

South Korea's KT Corp. said on Monday it will pursue a joint project utilizing satellite data with KT SAT and Nara Space Technology Inc.The plan is ...

Tech, Media & Telecom S.Korea tops 5G mobile gaming environment in E.Asia

South Korea led the game score in East Asia with 90.06 out of 100 during the first half of this year, followed by China with 85.64 and Japan with a ...

Artificial intelligence Microsoft, KT to invest $1.8 bn in Korea’s AI, infrastructure

Microsoft Corp. and KT Corp. plan to invest 2.4 trillion won ($1.8 billion) in South Korea’s artificial intelligence, cloud and infrastructure...

Tech, Media & Telecom KT succeeds 5G NTN satellite communication

South Korea's KT Corp. and its satellite subsidiary KT SAT said on Monday their integration of KOREASAT 6 with a terrestrial 5G network, utilizing...

Artificial intelligence Microsoft, KT join forces to propel Korea’s AI innovation

Microsoft Corp. and KT Corp., one of South Korea's top three telecom companies, will drive artificial intelligence transformation in the Korean firm...

Tech, Media & Telecom SK Telecom, KT win at Leading Lights Awards

SK Telecom Co. and KT Corp. received the Leading Lights Awards 2024. SK Telecom and KT were named winners of Outstanding Use Case: AI/Machine L...

Corporate bonds Fed’s big rate cut spurs Korean firms to issue foreign bonds

South Korean companies rushed to issue foreign currency bonds after the US Federal Reserve lowered interest rates for the first time in more than fo...

Artificial intelligence KT to develop AI tech to filter spam messages

South Korea's KT Corp. said on Tuesday it will work with the Korea Internet & Security Agency (KISA) to launch an artificial intelligence (AI)...

Artificial intelligence KT unveils photos of Canadian fall destinations using GenAI

KT Corp. unveiled on Monday the Canadian edition of Genie TV's AI Travel View, which was created using generative artificial intelligence technology...

Tech, Media & Telecom Hyundai Motor Group becomes KT's largest shareholder

Hyundai Motor Group has officially become the largest shareholder of South Korea's major telecommunications company KT Corp., following a public int...