Best High-Efficiency Top-Load Washers
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Mergers & Acquisitions
Woori Financial acquires Korea Foss Securities to offer brokerage services
Woori Financial Group Inc., South Korea’s fourth-largest financial services group, has acquired Korea Foss Securities Co., paving the way for ...
May 03, 2024 (Gmt+09:00)
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Banking & Finance
Korean brokerages' foreign profits up on IB, bond trading
South Korean brokerage firms expanded their net profits from overseas operations last year, backed by increased gains from their investment banking ...
May 02, 2024 (Gmt+09:00)
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Travel & Leisure
S.Korea sees record-high foreign visitors after pandemic
South Korea saw a record-high number of foreign tourists post-COVID-19 in the first quarter of 2024. The South Korean Ministry of Culture, Spor...
Apr 30, 2024 (Gmt+09:00)
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Mergers & Acquisitions
STIC Investments to sell Korea’s top mobile coupon platform
Seoul-based private equity firm STIC Investments is set to sell Coop Marketing, South Korea’s largest mobile coupon platform company that oper...
Apr 30, 2024 (Gmt+09:00)
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Foreign exchange
Navigating choppy waters: Dollar-won FX forecasting
Late last year, when the Korean won traded at 1,288 per dollar, most market analysts and economists predicted that the Korean currency would regai...
Apr 26, 2024 (Gmt+09:00)
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Earnings
Kia logs record profit, revenue in Q1 on weak won
Kia Corp., the second-largest automaker in South Korea, posted record quarterly profit and revenue for the first three months of this year, backed b...
Apr 26, 2024 (Gmt+09:00)
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Electric vehicles
Hyundai Motor ties up with CATL to reinvigorate China market with EVs
BEIJING -- Hyundai Motor Co., South Korea’s top carmaker, has joined hands with Contemporary Amperex Technology Co. (CATL), the leading global...
Apr 25, 2024 (Gmt+09:00)
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Electronics
LG’s washers selected as best by Consumer Reports
LG Electronics Inc. swept the top three spots in the major categories of the US Consumer Reports Best Washing Machines of 2024 evaluation.The evalua...
Apr 25, 2024 (Gmt+09:00)
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Electric vehicles
Hyundai Motor, Matrix Renewables in solar deal to power Georgia EV plant
South Korea’s top automaker Hyundai Motor Group said on Monday it has signed a 15-year power purchase contract with a US solar energy generati...
Apr 22, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung to mass-produce industry’s fastest LPDDR5X DRAM in H2
South Korean tech giant Samsung Electronics Co. said on Wednesday it has developed an LPDDR5X DRAM chip that supports the industry’s fastest d...
Apr 17, 2024 (Gmt+09:00)
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Private equity
Daesung PE tops Korean venture funds by return in 2018-2023
Daesung Private Equity Inc. in South Korea has become the top local venture capital manager in terms of realized capital gain between 2018 and 2023,...
Apr 17, 2024 (Gmt+09:00)
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Private equity
Private markets open to more high-net-worth individuals: Hamilton Lane
The number of high-net-worth individuals allocating capital to private markets is increasing fast. These are wealthy individuals who own at least $1...
Apr 16, 2024 (Gmt+09:00)
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Automobiles
Korean tire makers step up push into bigger, high-margin tires
South Korean tire makers are betting big on premium tires fitted for sports utility vehicles, full-size sedans and electric vehicles, after bigger a...
Apr 12, 2024 (Gmt+09:00)
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Food & Beverage
Korea’s Orion to ship bottled water to China to challenge Evian
Orion Holdings Corp., the holding company of South Korea’s confectionary and snack maker Orion Corp., is set to export bottled water to China,...
Apr 12, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Manyo’s Pure Cleansing Oil to hit US Costco shelves in July
South Korea’s naturalism cosmetics company Manyo Co. has hit the jackpot in a deal to supply its best-selling face cleansing product, Pure Cle...
Apr 12, 2024 (Gmt+09:00)
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Food & Beverage
Bubble tea chain Gong Cha struggles in its top market of Korea
Global leading bubble tea franchise Gong Cha Global Ltd.’s South Korean affiliate, which owns the beverage chain’s Japanese and Taiwanes...
Apr 11, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung to produce 290-layer V9 NAND to win chip stacking war
Samsung Electronics Co., the world’s largest memory chipmaker, is set to begin mass production of 290-layer ninth-generation vertical (V9) NAN...
Apr 11, 2024 (Gmt+09:00)
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Automobiles
RVs, SUVs sweep top 4 spots in South Korea’s first-quarter auto sales
Recreational vehicles (RVs) and sport utility vehicles (SUVs) achieved an unprecedented feat by claiming the top four spots on the list of best-sell...
Apr 10, 2024 (Gmt+09:00)
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Banking & Finance
Samsung Asset's KODEX S&P500 TR ETF surpasses 1 tn won in net asset
Samsung Asset Management Co. announced on Tuesday that the net asset value of its KODEX US S&P500 TR exchange-traded fund (ETF), which tracks th...
Apr 09, 2024 (Gmt+09:00)
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Automobiles
HD Hyundai Oilbank continues to fuel Superrace Championship
South Korea's HD Hyundai Oilbank announced on Monday that it will continue to exclusively supply fuel for the "2024 O-NE Superrace Championship," So...
Apr 09, 2024 (Gmt+09:00)
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Earnings
LG Electronics logs record-high revenue in Q1 on B2B push
LG Electronics Inc. raked in its largest-ever quarterly revenue in the first quarter of this year, maintaining upward momentum after a stellar 2023,...
Apr 05, 2024 (Gmt+09:00)
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Korean games
Krafton makes local soft launch of mobile game 'Bullet Echo India'
South Korea's gaming giant Krafton Inc. announced on Friday that it soft-launched "Bullet Echo India," developed by global game developer ZeptoLab, ...
Apr 05, 2024 (Gmt+09:00)
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Economy
S.Korea’s current account surplus near 3-year high on chips
South Korea’s current account surplus touched a near three-year high in February as goods exports continued to grow on strong overseas sales o...
Apr 05, 2024 (Gmt+09:00)
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Food & Beverage
CJ Foodville sees record-high operating profit in 2023
CJ Foodville, the food service subsidiary of South Korea's CJ Group and the operator of bakery chain brand Tous les Jours saw a record-high operatin...
Apr 05, 2024 (Gmt+09:00)
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Travel & Leisure
Hanatour makes turnaround through restructuring, premium packages
When IMM Private Equity Inc. acquired a 16.68% stake in South Korea’s top travel agency Hanatour Service Inc. for 128.9 billion won ($95.7 mil...
Apr 04, 2024 (Gmt+09:00)
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Food & Beverage
Nongshim Kellogg overtakes Dongsuh as Korea’s top cereal maker
Just a few years back, cereals meant cornflakes eaten with milk during busy mornings in South Korea.Nowadays, however, cereals mean granola made of ...
Apr 04, 2024 (Gmt+09:00)
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Automobiles
Kia EV9 named best electric SUV in Germany
Kia Corp. 's EV9, the signature large all-electric sport utility vehicle (SUV) of South Korea’s No. 2 automaker, was named the top electric ...
Apr 04, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
HD Hyundai Marine Solution aims for top spot in global ship repair market
When the global shipbuilding industry was reeling from the economic slowdown in recent years, South Korea’s HD Hyundai Marine Solution Co., a ...
Apr 03, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Korea reclaims crown from China as world’s top shipbuilder
South Korea reclaimed the crown from the Chinese as the world’s largest shipbuilder after three years last quarter, sweeping global orders for...
Apr 03, 2024 (Gmt+09:00)
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Tech, Media & Telecom
NPS sells shares in KT, making Hyundai the top shareholder
Hyundai Motor Group has become the top shareholder of South Korea’s leading mobile carrier KT Corp., after the country’s National Pensio...
Apr 03, 2024 (Gmt+09:00)
Latest News
- 1 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 2 Korea to allow non-profits to buy bad consumer loans
- 3 LG to drive future growth in emerging markets with battery prowess
- 4 South Korean President Lee, Japanese Prime Minister Ishiba seek closer ties
- 5 Naver Ventures to plant flag in Silicon Valley with TwelveLabs bet