Growing sense of déjà vu of 2008 global financial crisis

Growing sense of déjà vu of 2008 global financial crisis

Private equity firms have snapped up South Korean assets over the past two years, driving their valuations near historic highs in the liquidity-driv...

China's high entry barriers for Korean films, dramas

China's high entry barriers for Korean films, dramas

“Oh! My Gran” was the only South Korean movie to hit the big screen in China in the past year. It was also the first Korean film to be p...

SK taps Korean PE for $1.5 bn after Carlyle's Lee quit

SK taps Korean PE for $1.5 bn after Carlyle's Lee quit

SK On Co. has turned to domestic private equity firms to raise up to 2 trillion won ($1.5 billion) after talks with four big global funds have dried...

Halla Group to change corporate name to HL Group

Halla Group to change corporate name to HL Group

South Korea’s Halla Group is changing its corporate name to HL Group as the construction-to-auto parts conglomerate celebrates the 60th annive...

Samsung Group CEOs drum up support for Busan Expo 2030

Samsung Group CEOs drum up support for Busan Expo 2030

Samsung Group affiliates’ CEOs are working to bring the World Expo 2030 to Busan in South Korea using their overseas networks. Samsung Electro...

Remote work, small offices revive S.Korea's printer market

Remote work, small offices revive S.Korea's printer market

South Korea’s printer market has been recovering from a long slump as the rise of remote work and small or home offices has revived demand for...

Korean LED maker’s winning streak in global patent wars

Korean LED maker’s winning streak in global patent wars

Seoul Semiconductor Co., the world’s second-largest light-emitting diode (LED) display maker, has scored another win in patent litigation agai...

Hyundai Motor Group rises to world’s third-largest automaker

 Hyundai Motor Group rises to world’s third-largest automaker

South Korea’s largest automaker Hyundai Motor Group ranked third in global car sales in the first half, its highest-ever ranking in terms of v...

Samsung Medical Center jobs global top 10 in robot-assisted surgeries

Samsung Medical Center jobs global top 10 in robot-assisted surgeries

Samsung Medical Center announced Tuesday that it performed more than 15,000 robot-assisted operations in the first of this year.  Last yea...

Hanwha Life to spur global real estate investment via US subsidiary

Hanwha Life to spur global real estate investment via US subsidiary

South Korea’s Hanwha Life Insurance Co. is set to kick off direct investment in overseas real estate via its subsidiary in the US, according t...

Golf apparel goes trendy and upmarket in Korea on rise of young golfers

Golf apparel goes trendy and upmarket in Korea on rise of young golfers

As the popularity of golf grows in South Korea, particularly among young people, golf clothes are becoming increasingly more expensive and fashionab...

Carlyle CEO Lee’s sudden exit puts the PE’s Korea strategy in spotlight

Carlyle CEO Lee’s sudden exit puts the PE’s Korea strategy in spotlight

The sudden resignation of The Carlyle Group Inc. Chief Executive Kewsong Lee has not just surprised the global investment community but raised quest...

Naver says no growth sacrifice to cut costs with record sales

Naver says no growth sacrifice to cut costs with record sales

Naver Corp., South Korea’s largest online portal, on Friday reported its largest-ever quarterly revenue, led by webtoon and fintech services, ...

Hyundai Mobis steps up future mobility business

Hyundai Mobis steps up future mobility business

Hyundai Mobis Co., South Korea’s largest auto parts maker, is accelerating its future mobility businesses as well as intensifying open innovat...

LG Energy to power all its global operations with renewable energy by 2025

LG Energy to power all its global operations with renewable energy by 2025

LG Energy Solution Ltd., South Korea’s top battery maker, plans to power all its global production sites with only renewable energy by 2025 to...

APR Corp. generates $199 mn in revenue with advanced tech, branding

APR Corp. generates $199 mn in revenue with advanced tech, branding

APR Corp. is a South Korean startup less than a decade old, which develops and manufactures skin care products and athleisure clothing. While t...

LX Pantos mulls Air Premia acquisition to facilitate global logistics service

LX Pantos mulls Air Premia acquisition to facilitate global logistics service

LX Pantos Co., the logistics unit of South Korea’s LX Group, is looking to acquire a controlling stake in local budget carrier Air Premia Co.,...

Daesang Life, China’s Sinopharm to launch health foods joint venture

Daesang Life, China’s Sinopharm to launch health foods joint venture

Daesang Life Science Corp., a South Korean health foods maker, has signed an initial agreement with China’s Sinopharm International to launch ...

LG to benefit from global mid-sized OLED TV sales growth

LG to benefit from global mid-sized OLED TV sales growth

Medium-sized organic light-emitting diode (OLED) TVs are in the spotlight in the global premium TV market, where consumers have preferred larger scr...

Shinsegae to launch wholly owned US subsidiary on alternative meat

Shinsegae to launch wholly owned US subsidiary on alternative meat

Shinsegae Food Inc. announced Thursday it will launch its US subsidiary focused on alternative meat. The food arm of Shinsegae Inc. will inject...

Kolon Global to spin off auto unit, eyes Kolon Mobility IPO in 2023

Kolon Global to spin off auto unit, eyes Kolon Mobility IPO in 2023

Kolon Global Corp., an affiliate of South Korean conglomerate Kolon, will spin off its car import business unit to improve management efficiency and...

Naver Zepeto targets Middle East for global expansion

Naver Zepeto targets Middle East for global expansion

Naver Z Corp., the operator of Asia’s largest metaverse platform Zepeto, is set to accelerate its global expansion through localization, mainl...

SK Hynix puts $3.3 billion factory plan on hold amid global uncertainty

SK Hynix puts $3.3 billion factory plan on hold amid global uncertainty

SK Hynix Inc., the world’s second-largest memory chipmaker, has decided to hold off on a 4.3 trillion won ($3.3 billion) plan to build a new N...

S.Korea’s 5G, cryptography likely to be adopted as global standards

S.Korea’s 5G, cryptography likely to be adopted as global standards

South Korea’s five technologies on 5G mobile networks, cloud computing and cryptography have been preliminarily chosen as global standards, a ...

Samsung Bioepis sees greater market for Byooviz eye disease biosimilar

Samsung Bioepis sees greater market for Byooviz eye disease biosimilar

NEW YORK – Samsung Bioepis Co., a biopharmaceutical unit of South Korea’s top conglomerate Samsung, is one step ahead of its rivals in t...

SK Telecom to take lead in UAM biz with telco know-how

SK Telecom to take lead in UAM biz with telco know-how

BUSAN -- South Korea’s top mobile carrier SK Telecom Co. aims to dominate the urban air mobility market based on its expertise and know-how in...

Won may head to 1,400 against the dollar for 1st time since 2008-09 crisis

Won may head to 1,400 against the dollar for 1st time since 2008-09 crisis

The South Korean won is expected to weaken to 1,400 against the dollar, a level not seen since the 2008-09 global financial crisis as the country&rs...

KB to raise $150 mn India, SE Asia-focused VC fund

KB to raise $150 mn India, SE Asia-focused VC fund

KB Investment Co., a venture capital arm of KB Financial Group, is seeking to raise more than 200 billion won ($150 million) in its second global fu...

The North Face supplier Youngone to bet on global outdoor startups

The North Face supplier Youngone to bet on global outdoor startups

South Korea’s Youngone Holdings Co. is set to accelerate its new business by establishing a corporate venture capital (CVC) firm in Singapor...

Hyundai Elevator aims to more than double sales by 2030

Hyundai Elevator aims to more than double sales by 2030

CHUNGJU, North Chungcheong Province -- Hyundai Elevator Co., South Korea’s top elevator maker, aims to more than double its sales in the next ...

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