Hankook Tire and Technology Co. on Friday reached a preliminary agreement to buy 1.37 trillion won ($1 billion) worth of shares in Hanon Systems Corp., the world’s second-largest heat pump systems maker for automobiles, from private equity firm Hahn & Co.The tire maker&

TBILISI, Georgia – The Bank of Korea (BOK) will go back to square one on monetary policy as stronger-than-expected economic growth in the first quarter and delayed rate cuts in the US may make the factors it had closely monitored before a rate move not worthy of consid

Samsung Life Science Fund, managed by Samsung Group’s venture investment arm, has invested in US biotechnology firm Latus Bio Inc. during the latter’s Series A funding round raising $54 million, according to the US company’s press release on Thursday. Samsung Li

TOKYO – South Korea’s tech giant Naver Corp. said on Friday that Japan’s administrative guidance for Naver to sell down its control in LY Corp., the operator of popular mobile messenger app Line in Japan, is unprecedented.Choi Soo-yeon, chief executive of Naver, said she is undecided on Naver’s relationship with LY. However, Naver is ready to accept Tokyo’s request to separate its information technology infrastructur