S.Korean millennials rush on Nasdaq and NYSE amid sluggish Kospi

South Korean millennials in their 20s and 30s are rushing to Nasdaq and the New York Stock Exchange (NYSE) amid skyrocketing real estate prices in t...

Amazon teams up with SK’s 11Street to offer Global Store for Koreans

SK Telecom Co.’s e-commerce platform 11Street Co. has teamed up with Amazon, the world’s largest online shopping mall, to offer the US c...

Netmarble’s new Marvel game tops App Store downloads in 117 countries

South Korean game developer Netmarble Corp.’s Marvel Future Revolution, a new Marvel IP-based open-world action RPG, has topped the list of Ap...

Japan’s Aeon plans to sell off struggling Ministop Korea

South Korea’s fifth-largest convenience store chain Ministop Korea Co. is up for sale by its owner, the Aeon Group of Japan. Ministop Korea is...

Koreans foreign stock holdings jump to record $545.4 bn

South Koreans’ foreign stock holdings jumped 50% to an all-time high as retail investors sought high returns from US shares whose gains ramped...

‘Revenge shopping’ lifts Korean retail giants’ Q2 earnings

Major department stores in South Korea such as Shinsegae Department Store and Hyundai Department Store Co. have seen their earnings improve signific...

Shinsegae to invest about $900 mn in department stores

South Korea's retail giant Shinsegae Group will invest 1 trillion won ($866 million) in local department stores this year to reinforce the busines...

Google’s in-app billing system ignites power play among Korean regulators

South Korea’s attempt to prohibit global app store operators from forcing certain in-app payment schemes has hit a bumpy road due to power pla...

Korean love for foreign stocks tops 100 tn won mark

South Koreans’ appetite for foreign stocks continued to grow with holdings of overseas shares by retail investors exceeding the 100 trillion w...

Inside Samsung: Top level meetings drive ecosystem buildup

Samsung Electronics Co.’s latest strategic focus is setting up its own ecosystem of devices ranging from mobile phones, home appliances to TVs...

Apple adds LG Elec to iPhone vendor list in Korea

LG Electronics Inc. will begin to sell Apple Inc.'s iPhone at its retail stores across South Korea from mid-August, as the Korean home appliance mak...

Malaysia becomes preferred destination for Korea’s convenience chains

South Korea’s major convenience store chains are rushing to enter the Malaysian market. E-Mart 24, the convenience chain operated by Shinsegae...

Behind Korea’s bizarre 'open run' race for Chanel bags

In South Korea today, running has become an increasing part of everyday life, particularly at a place where you would least expect to see a large gr...

LG Innotek eyes record profit, revenue on strong camera module sales

LG Innotek Co., a major camera module supplier for Apple Inc.’s iPhones, is looking to post a record operating profit and sales this year as i...

Naver to challenge Amazon with launch of Smart Store platform in Spain

South Korea’s top online portal operator Naver Corp. is taking its online shopping platform Smart Store to Spain to support small merchants in...

Hyundai says not in talks with Apple over self-driving cars

Hyundai Motor Group said on Monday it is not engaged in talks with Apple Inc. over the development of an autonomous electric vehicle, throwing cold ...

Kia shares jump on $3.6 bn Apple Car project news

Shares in Kia Corp. and South Korean automotive parts makers rose sharply on Wednesday, following a news report that Apple Inc. will make an initial...

Samsung flags decent Q4 earnings growth, misses estimates on KRW, Apple

South Korea’s tech giant Samsung Electronics Co. has flagged that its fourth-quarter operating profit likely rose by nearly a third from a yea...

Hyundai Motor in early talks with Apple on EV tie-up; shares surge

Hyundai Motor Co. looks to be in the early stages of discussions with Apple Inc. to jointly develop and produce self-driving electric cars, a move t...

Goldman Sachs joins race for Korea’s beauty store chain

Goldman Sachs Principal Investment Area (PIA) has entered the race for a stake in South Korea’s health and beauty franchise CJ Olive Young, beco...

Samsung creeps up on Apple in US online smartphone sales

Samsung Electronics Co. has sharply narrowed its gap with Apple Inc. in the US online smartphone market during the second quarter of this year to arri...

Meritz Real provides $65.6 mn loan on Adidas’ Soho store

Meritz Real Estate Asset Management Co. Ld. has provided a $65.6 million loan secured against Adidas’ flagship store in Soho in New York City, underwr...

Korean institutions to invest $83 mn in mezzanine debt for Apple’s office campus

Four South Korean institutional investors, including KDB Life Insurance Co. Ltd. and Allianz Life Insurance Co. Ltd., will invest $83 million in m...

Meritz Securities drops $500 mn Walmart store acquisition plan after US rate hike

South Korea’s Meritz Securities Co. Ltd. has abandoned plans to acquire about 40 stores of Walmart Stores Inc. in southern states of the U.S. for $500...

Naver to challenge Amazon with launch of Smart Store platform in Spain

South Korea’s top online portal operator Naver Corp. is taking its online shopping platform Smart Store to Spain to support small merchants in...