South Korea’s new President Lee Jae-myung will attend the summit of the Group of Seven (G7) advanced countries in Alberta, Canada, next week, marking his foray onto the global diplomatic stage after taking office on June 4.The meeting, scheduled for June 15-17, will bring L
South Korea’s once domestically focused automakers are making significant inroads into the global defense sector, with a string of recent contracts underscoring their growing appeal as suppliers of military and police vehicles. The latest deal saw Spain’s Navy Marine
South Korea’s ruling party is reviving its push for an amendment to the Commercial Act with tougher mandates aimed at protecting minority shareholders’ rights than previously proposed. The country’s then-acting president vetoed an earlier version of th
"Maybe Happy Ending" swept the Tony Awards on Sunday, winning six trophies including Best Musical.It was the most awarded show at the 78th Tony Awards, edging out the musical Buena Vista Social Club — which took home four awards — in the race for Best Musical.This year’s honors recognized musicals and plays staged on Broadway from April of last year through the current season.At the 78th Tony Awards at Radio City Music Hall in N
Washington will strengthen its monitoring of portfolio investments by pension and sovereign wealth funds of its trading partners as it broadens its scope of oversight to include tracking the funds' capital flows and any macroprudential measures seen as beyond direct market intervention. In a semiannual report on macroeconomic and foreign exchange policies of its major trading partners released on Thursday, the US Department of the Treasury, in an
In Seoul’s Hannam district, the storefront that once housed Various Small Fires (VSF) now sits empty, a “For Rent” sign taped to its window. Inside, where high-profile exhibitions once attracted collectors, only discarded furniture and debris remain. “The (VSF) Seoul gallery’s turnover reportedly came in much below expectations,” said an official in the Korean art market. Leaving Seoul six years after its arriv
LG Display Co., the world’s No. 1 manufacturer of large-sized organic light-emitting display (OLED), will invest about 700 billion won ($500 million) to boost small- and mid-sized OLED production in South Korea, according to industry sources on
An increasing number of asset management firms in South Korea are more frequently exercising their voting rights at portfolio companies. Nevertheless, they rarely oppose those companies’ proposed agendas, data shows.The regulatory Financial Sup
South Korea has secured its most significant nuclear export deal in over a decade, as a consortium led by Korea Hydro & Nuclear Power (KHNP) clinched a long-delayed 26 trillion won ($19 billion) contract to build two nuclear power reactors in the
Washington will strengthen its monitoring of portfolio investments by pension and sovereign wealth funds of its trading partners as it broadens its scope of oversight to include tracking the funds' capital flows and any macroprudential measures seen
The National Pension Service (NPS), South Korea’s state-run pension fund and the country’s largest institutional investor, announced on Friday it logged a 0.87% return from its investment activities in the first quarter, thanks to the sol
KT&G Corp. is in talks to acquire a leading nicotine pouch company in Northern Europe for about 300 billion won, or $200 million, investment banking sources said on Monday. The move comes as South Korea’s dominant tobacco and ginseng produ
South Korea’s Hanjin Group and LS Group are tightening their alliance further against Hoban Group, which is raising its stake in Hanjin.Korean Air Lines Co. said on Friday it has agreed with LS Electric Co. to cooperate in aerospace and defense
DB Group, which owns DB Securities Co. and DB Insurance Co., is considering acquiring Hanyang Securities Co., as a deal by South Korean private equity firm KCGI to take control of the small domestic brokerage firm appears close to collapse.DB Securit
Kakao Pay Corp., the mobile payment and digital wallet service unit of South Korean tech giant Kakao Corp., is in advanced negotiations to acquire two mobile payment units of retail giant Shinsegae Group to reshape the country’s fast-growing di
Shinhan Securities Co., a leading South Korean brokerage house, has acquired a strategic equity stake in FireAnt, Vietnam’s largest retail trading and financial information platform, to strengthen digital capabilities across Southeast Asia.The
South Korean companies are flocking to the corporate bond market ahead of the country’s presidential election early next month, seeking to lock in funding before potential market volatility. According to investment banking industry sources on W
Korea Securities Finance Corp. (KSFC) is preparing to issue its first foreign currency-denominated bonds in 2026 to provide low-cost funding to domestic securities firms seeking overseas alternative investments, according to financial industry source
Kookmin Bank, a unit of KB Financial Group, raised $700 million in foreign exchange bonds on Tuesday, signaling a recovery in investor sentiment toward Korean debts.As global investors warmed up to Korean bonds amid a temporary easing of trade tensio
South Korea’s financial markets showed strong gains on Thursday, with shares surging to an 11-month high and the won hitting a seven-month high as post-election optimism over the Lee Jae-myung administration drove renewed interest from foreign investors.Expectations of economic stimulus measures, however, triggered a sharp repricing in the go
South Korean President Lee Jae-myung on Wednesday unveiled his nominees for major government posts, including prime minister and spy agency chief, in his first round of appointments just hours after taking office.Kim Min-seok, a student-activist-turned-four-term-lawmaker of the Democratic Party (DP), was tapped as the new prime minister. Kim served
