Warehouses pile financial burden on investment firms
South Korea’s logistics centers are ramping up the financial pressure on real estate investment firms. Previously a favored property type, i...
BOK chief nominee to curb household debt through interest rates
South Korea’s central bank chief nominee said on Friday he will use interest rates to tackle household debt in Asia’s fourth-largest eco...
KTB rebrands with name change as Daol Financial Group
Daol Financial Group of South Korea, formerly known as KTB Financial Group, announced on March 25 the change in the company's name. Daol, a Korean w...
BOK governor nominee stokes slower rate hike expectations
South Korea’s nominee for its new central bank governor stoked expectations that the Bank of Korea may raise interest rates less than predicte...
Korea names IMF official as new central bank head
South Korea on Wednesday nominated veteran International Monetary Fund official Rhee Chang-yong as the country’s new central bank chief, who i...
WeMade revises 2021 results to exclude crypto earnings
WeMade Co., a pioneer in South Korea's play-to-earn (P2E) game industry, revised its 2021 operating profit downward by 70% after excluding 220 billi...
Cloud management provider Cloocus receives $41 mn in Series B funding
Cloud management service provider Cloocus Co. has received 50 billion won ($40.8 million) from SK Inc. C&C, those familiar with the investment...
Shares in Nexon, two listed arms rise on M&A hopes
The unexpected death of Nexon founder Kim Jung-ju stoked market speculation about a possible change in its ownership structure and top management, s...
Hyundai Heavy’s holding firm changes name to HD Hyundai
South Korea’s Hyundai Heavy Industries Holdings Co. is changing its name to HD Hyundai as the holding company of the world's largest shipbuild...
Hyundai to take fresh crack at Japan market with online EV sales
TOKYO – Hyundai Motor Co. is reentering the Japanese car market after a 12-year hiatus with its latest electric vehicles, as the growing deman...
LG Energy sets new IPO record with $9.65 trillion investor demand
LG Energy Solution Ltd., the world’s second-largest battery maker, has set a new record for an initial public offering with demand for its sha...
GS launches corporate VC firm
GS announced the establishment of a corporate venture capital (CVC) firm Sunday, the first of its kind for a holding company in Korea. The announcem...
Hyundai Motor reshuffles overseas units to deal with changing markets
Hyundai Motor Co., South Korea’s top automaker, has reorganized its overseas units, reducing the number of business sectors to five from nine,...
Samsung’s mobile business renamed MX to highlight user experience
Samsung Electronics Co. on Friday changed the name of its mobile communications business to MX, short for mobile experience, in line with its pursui...
Samsung’s mid-tier executive reshuffle: More female and foreign faces
Samsung Electronics Co. on Thursday carried out its year-end reshuffle of mid-tier executives, marked by the highest number of promotions for female...
Samsung reshuffles three major CEOs, combines mobile and consumer electronics units
Samsung Electronics Co., in a surprise move, has merged its mobile and consumer electronics businesses into a single unit, and replaced chief execut...
Korean oil refiners keen to change company names
Hyundai Oilbank Co. and S-Oil Corp. are discussing changing their names to join other South Korean oil refiners, which recently underwent corporate ...
The winds of change
The Korea Economic Daily Global Edition exclusively carries the full text of the latest memos from Howard Marks, co-founder and co-chairman of Oaktr...
US startup SES unveils game-changing lithium-metal battery
SES Holdings Pte. Ltd., one of the world’s top solid-state battery makers, unveiled a hybrid lithium-metal rechargeable battery with better pe...
Japan's Murata redefines customers in game-changing era
KYOTO, Japan - Murata Manufacturing Co., the world's No. 1 producer of multilayer ceramic capacitors (MLCCs) and other electronic components, will e...
Celltrion makes first step in streamlining governance structure
South Korea’s pharmaceutical conglomerate Celltrion Group has made its very first step in reforming corporate governance structure by merging ...
Apple Likely Has More App Store Deals to Make
As Apple Inc. works to negotiate its way out of its App Store troubles, one thing is becoming increasingly clear: the technology titan mig...
Father of Krafton's PUBG eyes the expansion of games
In September 2020, Krafton Inc.’s blockbuster game PlayerUnknown’s Battlegrounds (PUBG) hit a major roadblock. India prohibited Chinese ...
Underage stock investors surge with decent gains in Korea
The number of investors under age 18 is rising in South Korea, posting even higher gains from their stock purchases than adults.According to 10 dome...
E-commerce platform TMON delays IPO plans
South Korea’s e-commerce platform TMON Inc., majority-owned by KKR & Co. and Anchor Equity Partners, will postpone its plans for initial p...
Coupang changes leadership roles to expand global business
Coupang Corp. has executed changes in leadership roles to focus more on overseas ventures. The company has entered Japan and Singapore this year. So...
Korean firms emerge triumphant from pandemic with record Q1 profits
South Korean companies have posted their best-ever quarterly sales and operating profits, emerging from a year-long slump caused by the global COVID...
Daedong rebrands with name change, posts record earnings
South Korea’s top farm machinery maker Daedong Corporation has changed its name from Daedong Industrial Co. to strengthen its brand identity a...
NPS under fire over rule change to raise domestic stock purchase limit
South Korea’s National Pension Service (NPS) came under fire over its expected rule change aimed at raising the upper limit for domestic stock...
Hyundai, Kia set to change gear to revive China sales
Hyundai Motor Co. and Kia Corp. posted their worst results in China last year since they advanced into that neighboring market in 2002. Their Chines...
