Asian Development Bank

Factory activity slowed across much of Asia in May as uncertainty over U.S. tariffs continued to cause steep declines in new orders, purchasing ma...

South Korea’s central bank is cautious about non-banks and fintech firms issuing and handling stablecoins amid a global cryptocurrency rally, ...

South Korea’s Hanjin Group and LS Group are tightening their alliance further against Hoban Group, which is raising its stake in Hanjin.Korean...

Hanwha Ocean Co. is ramping up efforts to win Poland's highly competitive next-generation submarine project, worth around 3 trillion won ($2.2 billi...

The Bank of Korea (BOK) on Thursday cut its benchmark interest rate by a quarter percentage point to 2.5%, citing growing concerns over faltering do...

LG CNS Co., the information technology services arm of South Korea’s LG Group, has unveiled a lightweight Korean-specific large language model...

The investment banking head of Morgan Stanley’s Seoul office is stepping down after overseeing a series of landmark deals over more than a dec...

Samsung Biologics Co., the world’s largest contract drugmaker, will undergo a strategic split to separate its contract development and manufac...

The Korea Investment Corporation (KIC) is zeroing in on Asia’s real estate market by region, while targeting residential facilities and data c...

Shinhan Securities Co., a leading South Korean brokerage house, has acquired a strategic equity stake in FireAnt, Vietnam’s largest retail tra...

Rznomics Inc., a South Korean RNA therapeutics developer, has signed an agreement worth more than $1.3 billion with US pharmaceutical giant Eli Lill...

LG Innotek Co., a leading South Korean electronics parts maker, will jointly develop new vision sensing systems with Boston Dynamics Inc., a major g...

KakaoBank Corp., a leading South Korean internet-only bank, posted its highest quarterly profit in the first quarter, defying a drop in interest inc...

Woori Financial Group Inc., South Korea’s fourth-largest financial services provider, has received conditional approval from the country&rsquo...

Kookmin Bank, a unit of KB Financial Group, raised $700 million in foreign exchange bonds on Tuesday, signaling a recovery in investor sentiment tow...

Investors rushed to dump Hanwha Ocean Co. shares early Tuesday after its second-largest shareholder, Korea Development Bank, cashed in on a 4.2% sta...

Kyobo Life Insurance Co. is in the final stages of negotiation with Japanese financial group SBI Holdings Inc. to buy about a 50% stake in SBI Savin...

LG Electronics Inc. is mulling putting off an initial public offering of its wholly owned subsidiary in India amid growing volatility in the global ...

Hanwha Ocean Co. and Samsung SDI Co. will start evaluating their jointly developed lithium-ion battery system for a submarine with South Korea&rsquo...

South Korea’s processed food exports to India have surged to a record 6 trillion won ($4.1 billion), marking a significant milestone in the gr...

Netmarble Corp., a leading South Korean gaming company, is seeking to sell its headquarters building in Seoul, which could fetch up to 800 billion w...

It is time to shift focus toward non-US markets after years of stellar performance of US assets driven by the robust world’s No. 1 economy, sa...

KG Mobility Corp., a South Korean automaker specializing in sport utility vehicles, said on Wednesday it joined hands with China’s fourth-larg...

Hyundai Motor Co. and General Motors Co. are expected to soon announce a vehicle-sharing deal about six months after they signed an agreement for th...

LG Energy Solution Ltd., the world’s third-largest battery maker, and Doosan Bobcat Inc., a global construction machinery producer, said on We...

South Korean venture capital firms invested undisclosed tens of billions of won, equivalent to tens of millions of dollars, in US humanoid-developin...

Krafton Inc. invested in 10 overseas game developers in 2024 in search of the next big franchise intellectual property (IP) following its mega-hit t...

Hyundai Mobis Co., South Korea’s top auto parts maker, has partnered with the country’s biggest lender Shinhan Bank to help its partners...

Hanwha Ocean Co., a leading South Korean warship builder, has developed and tested an advanced stealth paint designed for the country’s KDDX n...

HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE), an intermediary shipbuilding holding company of HD Hyundai Co., will invest up to 30...