Kakao just behind rival Naver in market cap, may overtake soon

South Korean mobile platform giant Kakao Corp.’s enterprise value is rising backed by its strong business performance, threatening to overtake...

Naver to gain toehold in OTT market via CJ ENM

South Korea's Naver Corp. is expanding its footprint into the over-the-top (OTT) media service market by acquiring a stake in CJ ENM Co.'s OTT platf...

Chanel, Hermes, LV raise prices in Korea, but sales remain strong

Luxury brands are hiking up prices in South Korea. Designers such as Hermes, Louis Vuitton and Chanel have increased their prices in Korea this year...

Samsung loses ground in foundry market as TSMC ties in with Japanese firms

Samsung Electronics Co., which is losing share of the global foundry market, has come under increased pressure from its bigger rival Taiwan Semicond...

Market Kurly raises another $200 mn at a $2 bn valuation

The valuation of Kurly Inc. has now surpassed 2 trillion won ($1.8 billion).  The operator of South Korea’s online grocery and gourmet fo...

K-pop content platforms team up to take lead in community market

Platform operators targeting global K-pop fans are mired in fierce competition as companies team up to vie for the lead in the fan community platfor...

Samsung Display to expand small OLED line with $2.7 bn investment

Samsung Display Co., South Korea’s largest display maker, plans to spend as much as 3 trillion won ($2.7 billion) to build a new organic light...

Survival of the richest: Coupang corners Baemin

South Korea's e-commerce giant Coupang Corp. is ready to take over the food delivery market via aggressive investments -- a move that is pressuring ...

Long-term transformation in public markets: ValueAct

On May 12th ValueAct Partner, CEO, and Chief Investment Officer G. Mason Morfit appeared at the ASK Global Conference 2021 hosted by The Korea Econo...

HYBE x McDonald’s: The BTS Meal launches globally

McDonald’s has launched The BTS Meal on May 26 in the first selected group of 12 markets including Brazil, Canada and the US. The BTS meal is ...

LG Chem stock plunges -6.73%, worst dip since March

LG Chem Ltd. suffered a broad sell-off on May 26, with more than 4 trillion won ($3.6 billion) of its market cap vanishing in a single trading day, ...

Money flowing into fast-growing sneaker resale market

South Korea-based online fashion platform Musinsa has spun off its sneaker resale platform SoldOut to create a subsidiary named SLDT, alongside secu...

Cloud firms rush to secure footing in pet data market

The pet care market is set to ride a "cloud wave" as companies make use of pet data on cloud storage spaces to tap into the growing pet care market,...

Long-term Treasurys still viable option: The D. E. Shaw Group

US Treasury bonds with longer maturities remain effective hedging instruments against inflation in the current low rate environment, according to Th...

KT stock value likely to double by 2022, analysts say

South Korea’s telecom and content giant KT Corp. is receiving renewed interest this year among stock market investors and financial analysts, ...

Internet-only K Bank to raise $1.05 bn in rights offering

South Korea’s first internet-only bank, K Bank, will be raising 1.2 trillion won ($1.05 billion) from existing and new investors for business ...

Korean firms emerge triumphant from pandemic with record Q1 profits

South Korean companies have posted their best-ever quarterly sales and operating profits, emerging from a year-long slump caused by the global COVID...

Chat fiction app operator eyes global expansion, webtoon market

As smartphones have become essential to everyday life, chat fiction -- storytelling in the form of fictional text messaging -- has become popular am...

Blackpink label YG delivers Q1 earnings surprise; 90% above market consensus

YG Entertainment Inc. has delivered earnings surprise in the first quarter of this year, thanks to its K-pop girl group Blackpink's powerful fandom ...

Heavy household borrowing fans Korea’s asset market overheating

South Korea’s asset market is showing signs of overheating as households take out fresh loans at a record pace to invest in initial share sale...

S.Korea: 11th in global export market for top-ranked items

South Korea ranks 11th in global export market shares with 69 top-ranked items -- reaching an all-time high In 2019, South Korean products ranked 1...

PEFs knocking on door of Korean IPO market for profitable divestment

South Korean and overseas private equity firms are knocking on the door of the initial public offering market for profitable divestments, riding the...

Samsung to jump into laptop processor market with Exynos chip in H2

With the global laptop computer market growing rapidly in the pandemic-caused work-and-learn from home era, Samsung Electronics Co. is working on a ...

Samsung sharpens DRAM marketing prowess vs Micron

During Samsung Electronics Co.'s first-quarter conference call with analysts on Apr. 26, UBS analyst Nicolas Gaudois asked about the South Korean ch...

Freelancer market platform Kmong raises near $28mn in Series C round

South-Korea based freelancer market platform Kmong Inc. has successfully attracted 31.2 billion won ($27.8 million) in its latest Series C funding, ...

It’s time to buy casino stocks, analysts say

The South Korean government’s plan to vaccinate 36 million people, or about 70% of its population, by the third quarter of 2021 is heating up ...

Templeton to pull out of Korean retail fund market

Franklin Templeton Investments' South Korean arm is in talks with a domestic asset management company to sell its retail operations, following Black...

Korean-made small SUVs reach 50% share in US market

Sport utility vehicles (SUVs) manufactured in South Korea have earned more than half the market share in the small-size SUV segment in the US.In the...

Korean-made small SUVs reach 50% share in US market

Sport utility vehicles (SUVs) manufactured in South Korea have earned more than half the market share in the small-size SUV segment in the US.In the...

Samsung unveils mid-band 5G equipment to target $9.9 bn US market

Samsung Electronics Co. has unveiled a range of fifth-generation wireless equipment solutions targeting the US mobile service market, expected to ac...