Amorepacific posts 191.1% growth in Q1 profit, recovers in China

Amorepacific posts 191.1% growth in Q1 profit, recovers in China

South Korea’s cosmetics giant Amorepacific Group reported a sharp turnaround in revenue and operating profit for the first quarter of 2021.The...

Hyosung Group’s year-to-date valuation almost doubles

Hyosung Group’s year-to-date valuation almost doubles

Hyosung Group, founded in 1966, is a textile and chemicals conglomerate that currently stands as the 26th-largest business group in South Korea. Unt...

SK Group’s holding firm aims to become Korea’s Berkshire Hathaway

SK Group’s holding firm aims to become Korea’s Berkshire Hathaway

Jang Dong-hyun, chief executive of SK Inc., formerly known as SK Holdings Co. made a rare public remark during a March shareholder meeting, saying t...

Doosan Infracore to build 15,000 forklift engines for China’s Linde

Doosan Infracore to build 15,000 forklift engines for China’s Linde

Doosan Infracore Co., a leading South Korean heavy machinery and construction equipment maker, has won an order to build 15,000 forklift engines fro...

Hyundai Motor Group forms TaaS division to be led by 42dot CEO

Hyundai Motor Group forms TaaS division to be led by 42dot CEO

Hyundai Motor Group has created a new Transportation-as-a-Service (TaaS) division that will oversee the mobility businesses of Hyundai Motor Co. and...

Hyundai Engineering seeks Q3 IPO; seen as precursor to group revamp

Hyundai Engineering seeks Q3 IPO; seen as precursor to group revamp

Hyundai Engineering Co., an unlisted construction affiliate of the Hyundai Motor Group, is seeking an initial public offering on the Korean bourse, ...

Iyuno-SDI Group raises $160 mn follow-on investment from SoftBank

Iyuno-SDI Group raises $160 mn follow-on investment from SoftBank

Iyuno-SDI Group, a South Korean content localization firm, has received $160 million in funding from SoftBank Vision Fund 2, a follow-on investment ...

Naver invests $150 million in Indonesia’s No.1 media group Emtek

Naver invests $150 million in Indonesia’s No.1 media group Emtek

South Korea’s online platform giant Naver Corp. has invested $150 million in Elang Mahkota Teknologi (Emtek), Indonesia’s largest techno...

SK Group acquires 16.3% of Vietnam’s top retailer for $410 million

SK Group acquires 16.3% of Vietnam’s top retailer for $410 million

South Korea’s SK Group has acquired 16.3% of Vincommerce, Vietnam’s top retail business operator, for $410 million as part of a move to ...

SK Group eyes jackpot from investment in battery maker SES

SK Group eyes jackpot from investment in battery maker SES

South Korea’s SK Group is expected to pocket at least a tenfold return from its investment in electric vehicle battery startup SES as the batt...

Hyundai Motor to launch Genesis in China, posts record US sales

Hyundai Motor to launch Genesis in China, posts record US sales

Hyundai Motor Co. and sister firm Kia Corp. posted their best-ever March and first-quarter sales in the US, where the South Korean companies are wor...

SK Holdings, China’s Geely launch $300 million future mobility fund

SK Holdings, China’s Geely launch $300 million future mobility fund

South Korea’s SK Holdings Co. and China’s leading carmaker Zhejiang Geely Holding Group Co. have launched a $300 million joint fund...

Hyundai, Kia set to change gear to revive China sales

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...

SK Group's financial story: Measure, divest and focus

SK Group's financial story: Measure, divest and focus

Last month, South Korea's third-largest conglomerate SK Group agreed to sell its 21-year-old baseball club SK Wyverns to the country’s leading...

Hanwha launches group-wide task force to bolster space business

Hanwha launches group-wide task force to bolster space business

Hanwha Group has created an internal task force headed by the group's heir apparent to strengthen its presence in the fast-growing global space sect...

US' ITC says 10-year import ban on SK not excessive

US' ITC says 10-year import ban on SK not excessive

The US International Trade Commission (ITC) has stated that the 10-year exclusion order prohibiting SK Innovation Co. from importing battery product...

Hyundai Glovis, Changjiu team up to boost China-Europe rail transport

Hyundai Glovis, Changjiu team up to boost China-Europe rail transport

South Korea-based Hyundai Glovis Co. has teamed up with China’s largest automotive logistics firm, Changjiu Group, to foster rail transport op...

SK Group eyes IPO of headquarter-backed REIT in 2021

SK Group eyes IPO of headquarter-backed REIT in 2021

South Korea’s SK Group has begun the process to list a real estate investment trust (REIT) backed by its head office building and some 100 pet...

China logistics firms yield decent returns for Korean investors

China logistics firms yield decent returns for Korean investors

MBK Partners and two leading South Korean conglomerates – SK and CJ groups – have chalked up hefty returns from investments in Chinese l...

Hanwha Group leader Kim Seung-youn returns to management

Hanwha Group leader Kim Seung-youn returns to management

Hanwha Group leader Kim Seung-youn is returning to management seven years after he was banned from business activities following his conviction for ...

SK Group to sell stake in petrochemical arm; seeks global partnership

SK Group to sell stake in petrochemical arm; seeks global partnership

South Korea’s third-largest conglomerate SK Group is eyeing a joint venture with a global petrochemical firm as part of the group’s stra...

Young, female, foreign: Hyundai Motor Group’s new BOD

Young, female, foreign: Hyundai Motor Group’s new BOD

South Korea’s Hyundai Motor Group, under its new leader Chung Euisun, is seeking changes on its board of directors, the group's top business d...

Korea’s EV battery trio controls half of global market ex-China

Korea’s EV battery trio controls half of global market ex-China

South Korea’s LG Energy Solution Ltd. and two other major domestic electric vehicle battery makers have grown significantly, controlling more ...

LS Group chairman touted as new KITA head

LS Group chairman touted as new KITA head

The Korea International Trade Association (KITA) is expected to begin the appointment process for its new chair this week. South Korean conglomerate...

Global folding screen market to explode as Samsung set to supply to China

Global folding screen market to explode as Samsung set to supply to China

Samsung Display Co., a leading South Korean display panel maker, will supply foldable displays to select smartphone makers in China amid industry fo...

Match Group buys Korean video chat startup for $1.73 bn

Match Group buys Korean video chat startup for $1.73 bn

Match Group, the operator of the world’s largest dating app Tinder, has agreed to buy 100% of South Korea’s leading video chat startup...

Korea to lift short-selling ban on large stocks; retail investors resist

Korea to lift short-selling ban on large stocks; retail investors resist

South Korea’s financial regulator has decided to allow the short selling of large-cap stocks from May 3 despite opposition from retail investo...

S.Korea's short-selling ban may face second extension; longest to date

S.Korea's short-selling ban may face second extension; longest to date

South Korea’s financial authorities and the ruling Democratic Party are likely to extend the country's ban on short selling for another three ...

IMF official warns against S.Korea’s short-sale ban

IMF official warns against S.Korea’s short-sale ban

A senior official of the International Monetary Fund (IMF) on Thursday warned against the extended ban on stock short selling in South Korea, saying...

SK, China’s Geely eye investment fund for hydrogen, eco-friendly business

SK, China’s Geely eye investment fund for hydrogen, eco-friendly business

South Korea’s SK Holdings Co. and China’s Geely Auto Group are looking to set up a joint fund designed to invest in hydrogen and other e...

South Korea moves to mandate treasury share cancellation South Korean airlines bank on China routes for profit recovery Hyundai premieres IONIQ 6 N: Latest motorsport DNA for electric age Organic food chain Chorocmaeul up for sale amid liquidity woes Samsung to unveil 1st triple-folding smartphone by year’s end to rival Huawei’s Mate X2 Tri-Fold