Korea taps Greyhound Capital, Headline Asia as venture fund managers

Korea taps Greyhound Capital, Headline Asia as venture fund managers

South Korean Ministry of SMEs and Startups announced the results of selecting global fund management companies for the year 2023 on Monday. The chos...

Hyundai Department Store, Nestlé forge dietary supplement alliance

Hyundai Department Store, Nestlé forge dietary supplement alliance

Hyundai Department Store Group has chosen multinational food giant Nestlé S.A. as a partner in its long-term drive to expand its bio and heal...

BYD, KG Mobility in talks to build EV battery plant in Korea

BYD, KG Mobility in talks to build EV battery plant in Korea

BYD, the world’s No. 3 electric vehicle battery producer, and KG Mobility Corp., formerly Ssangyong Motor Co., are in talks to build a joint c...

Team Korea lands $447 mn solar power project in US

Team Korea lands $447 mn solar power project in US

A group of six South Korean companies dubbed "Team Korea," which comprises private companies such as SK Ecoplant, public companies and a government ...

Hanwha Life sees cumulative profit in 15 years in Vietnam

Hanwha Life sees cumulative profit in 15 years in Vietnam

Hanwha Life Insurance Co.’s Vietnamese subsidiary has reported a cumulative profit in 15 years, marking the first South Korean insurers’...

Seoul’s slow but enduring push to be Asia’s premier financial hub

Seoul’s slow but enduring push to be Asia’s premier financial hub

It is a long-cherished dream of Seoul, the capital city of South Korea, to present itself to the world as Asia’s prime financial hub, but the ...

CJ CheilJedang, Kakao Healthcare sign business agreement

CJ CheilJedang, Kakao Healthcare sign business agreement

South Korean food giant CJ CheilJedang Corp. announced on Friday that it has signed a business agreement with Kakao Healthcare, a digital healthcare...

JW Pharma gets OK for phase 3 clinical trials of URC102 in Taiwan

JW Pharma gets OK for phase 3 clinical trials of URC102 in Taiwan

South Korea's JW Pharmaceutical has won approval from Taiwan's Food and Drug Administration (TFDA) to conduct phase 3 clinical trials for its gout t...

Naver's translation app Papago faces challenge from German competitor

Naver's translation app Papago faces challenge from German competitor

A German competitor has entered South Korea's translation tool market to challenge No. 1 Naver Corp. and No. 2 Google.The Cologne, Germany-based art...

S.Korea’s convenience stores sell bottled water without plastic labels

S.Korea’s convenience stores sell bottled water without plastic labels

Convenience stores in South Korea now sell bottled water without plastic labels. The Korea Chamber of Commerce and Industry (KCCI) and Jeju Pro...

Celltrion to merge with global sales affiliate by end-2023

Celltrion to merge with global sales affiliate by end-2023

South Korean pharmaceutical giant Celltrion Group has begun procedures to merge biopharmaceuticals developer and producer Celltrion Inc. with global...

LG bets big on promising technologies for future growth

 LG bets big on promising technologies for future growth

LG Group, South Korea’s fourth-largest conglomerate, is accelerating its investment in promising tech companies across the world despite the l...

Korea's superconductor stocks plunge on Nature report

Korea's superconductor stocks plunge on Nature report

South Korean research team’s LK-99, behind the online sensation following its claim of room-temperature superconductor over the past four week...

Camp David Summit to Unite U.S., South Korea, Japan

Camp David Summit to Unite U.S., South Korea, Japan

WASHINGTON—A new trilateral alliance linking the U.S., South Korea and Japan will enhance cooperation among the nations in key areas, includin...

SK On to expand domestic battery cell plant for $1.1 bn

SK On to expand domestic battery cell plant for $1.1 bn

SK On Co., a South Korean rechargeable battery maker, will make its largest-ever domestic facility investment of 1.5 trillion won ($1.1 billion) to ...

Citibank Korea’s H1 net profit more than doubles on-year

Citibank Korea’s H1 net profit more than doubles on-year

Global banking giants’ South Korean units saw their first-half earnings led by non-interest income and business expenditures. Citibank Korea&r...

Staying 5 hours on cruise ship in Busan raises sales 30%: study

Staying 5 hours on cruise ship in Busan raises sales 30%: study

With the resumption of international cruise ship travel to South Korea, domestic credit card company BC Card says daily sales in commercial district...

Samsung raises $2.2 billion via ASML stake sale for chip investment

Samsung raises $2.2 billion via ASML stake sale for chip investment

Samsung Electronics Co., the world’s largest memory chipmaker, has sold 3.55 million shares in Dutch chip equipment maker ASML Holding N.V. fo...

Kumho chief Park, other business leaders granted presidential pardons

Kumho chief Park, other business leaders granted presidential pardons

Park Chan-koo, honorary chairman of Kumho Petrochemical Co., and 11 other South Korean business leaders have been granted presidential pardons to ...

Tokio Marine seeks to sell SE Asia units to S.Korean companies

Tokio Marine seeks to sell SE Asia units to S.Korean companies

Japanese insurer Tokio Marine Holdings Inc. is seeking to sell its units in Southeast Asia for $1 billion to major South Korean companies looking fo...

S.Korea's Qurient, US National Cancer Institute to develop anti-cancer drug

S.Korea's Qurient, US National Cancer Institute to develop anti-cancer drug

South Korea's Qurient Co. announced on Monday that it signed a research and development agreement with the US government agency National Cancer Inst...

Cruise ship from China to visit S.Korea's Jeju Island on Aug. 31

Cruise ship from China to visit S.Korea's Jeju Island on Aug. 31

Reservations for cruise ships visiting South Korea's Jeju Island are flooding in amid China's resumption of all group tours to its neighboring cou...

S.Korea's CGBio gets FDA approval for spinal implant

S.Korea's CGBio gets FDA approval for spinal implant

CGBio, a South Korean bio-regenerative medical company, announced on Monday that its "Advanced LumFix spinal fixation system," an implant and surgic...

SK Geo Centric, China’s Sinopec mark 10-year alliance

SK Geo Centric, China’s Sinopec mark 10-year alliance

China-Korea Petrochemical, a joint venture (JV) between South Korea’s SK Geo Centric and the Chinese public oil company Sinopec, celebrates it...

Falling on deaf ears: Costco Korea cart pusher's death

Falling on deaf ears: Costco Korea cart pusher's death

Costco Wholesale’s co-founder Jim Sinegal had said South Korea was a “fantastic market,” where it ran its largest store in terms o...

Blackstone, KKR join race for Korean pension fund's real estate debt

Blackstone, KKR join race for Korean pension fund's real estate debt

South Korea’s Government Employees Pension Service (GEPS) has shortlisted four global investment firms, Blackstone, KKR & Co., Goldman Sac...

S.Korea to deliver food safety management skill to Thai, Malaysian officials

S.Korea to deliver food safety management skill to Thai, Malaysian officials

The Ministry of Food and Drug Safety of South Korea announced on Friday that it will conduct an invited training program for food safety officials f...

Bank of Korea appoints new senior deputy governor

Bank of Korea appoints new senior deputy governor

The Bank of Korea announced on Friday that it has appointed Ryoo Sang-dae, the current vice president of Korea Housing-Finance Corp., as its new s...

BTS label HYBE to wholly own K-pop band Enhypen agency

BTS label HYBE to wholly own K-pop band Enhypen agency

HYBE Co., the agency of K-pop sensation BTS, is slated to acquire a controlling stake in music label Belift Lab Inc. as South Korean entertainment p...

S.Korea's Nongshim earns H1 operating profit of $89 million

S.Korea's Nongshim earns H1 operating profit of $89 million

South Korean food and beverage giant Nongshim Co. saw operating profit in the first half of the year more than double thanks to strong instant noodl...

Hanwha Systems to compete with LIG Nex1 for Korean version of Iron Dome NH, KB Securities, Kookmin Bank, Kim & Chang lead capital markets in H1 From G-Dragon to Ibuki: Dongmyo emerges as global fashion hotspot Hyundai helps Korean economy most with $265 bn contribution South Korea issues €1.4 billion in largest-ever euro bond sale