Korea Joongang Daily
Korea JoongAng Daily

SME minister to push for pension funds to invest in startups

Korea plans to allow pension funds to invest in venture capital to expand the size of the country’s venture investment market to 40 trillion won ($27.7 billion), said Han Seong-sook, Minister of SMEs and Startups, on Wednesday.

2025-11-06

Starbucks to sell control of China business to Boyu Capital in $4 billion deal

Starbucks said on Monday it would sell control of its China operations to investment firm Boyu Capital in a deal valued at $4 billion, in one of the most valuable divestments of a China unit by a global consumer company in recent years.

2025-11-04

bemyfriends acquires majority stake in SK Group's Dreamus

The tech startup bemyfriends will acquire a majority stake in SK Group's Dreamus, the parent company of the consumer electronics brand iRiver and music streaming platform FLO, for 55 billion won ($38.5 million).

2025-10-31

Lee pledges support for third venture boom targeting young entrepreneurs

President Lee Jae Myung, who designated this week as “Youth Focus Week,” pledged Wednesday to foster a “third venture boom” driven by startups.

2025-09-17

Hanwha Aerospace inks deal to locally produce Chunmoo rocket launcher system in Poland

Hanwha Aerospace and Poland’s WB Group on Tuesday signed a joint venture agreement to locally produce the K239 Chunmoo multiple rocket launcher system, advancing Warsaw’s defense self-reliance drive and Seoul’s push to partner with NATO allies.

2025-09-03

KHNP CEO to meet Westinghouse officials in U.S. for joint venture discussions

Whang Joo-ho, President and CEO of KHNP, will visit the United States on Saturday to meet with officials from Westinghouse Electric Company (WEC) and sign an agreement to establish a joint venture aimed at penetrating the U.S. nuclear power market.

2025-08-20

CJ ENM and Hakuhodo launch new music venture called Chapter-I

CJ ENM announced on Tuesday that it had formed a joint venture with Hakuhodo, one of Japan's largest advertising agencies, and launched a new music company called Chapter-I.

2025-08-19

Top office's 5-year blueprint focuses on AI, 'energy superhighway' as growth engines

President Lee Jae Myung’s State Affairs Planning Committee introduced a draft blueprint for running the country over the next five years, putting growth engines like AI and a vast “energy superhighway” at the heart of his economic agenda.

2025-08-13

SK Biopharmaceuticals, Eurofarma to launch telehealth joint venture

SK Biopharmaceuticals and Eurofarma formed a joint venture to develop an AI platform for managing epilepsy. The focus includes real-time seizure prediction and a community for patient communication.

2025-01-15

Create a fertile ground for AI ‘solopreneurs’

The government must create an environment fertile enough to breed such creative entrepreneurs.

2024-07-17