Twentysomething women become mainstream Korean baseball fans

Twentysomething women become mainstream Korean baseball fans

South Korea is a fast-aging country, where one in every five people is 65 years old or older. But it is a different story for the country’s pr...

Hana Financial mulls non-banking M&As for growth: CEO

Hana Financial mulls non-banking M&As for growth: CEO

Hana Financial Group, one of South Korea's top five financial groups, is mulling mergers and acquisitions in non-banking sectors in a bid to seize n...

Doosan Robotics to delist, wholly own cash-cow Doosan Bobcat

Doosan Robotics to delist, wholly own cash-cow Doosan Bobcat

Doosan Enerbility Co., a leading South Korean power plant engineering company, is handing over its entire 46% stake in machinery affiliate Doosan Bo...

Samsung to invest $52 mn in US biotech VC Flagship Pioneering

Samsung to invest $52 mn in US biotech VC Flagship Pioneering

Samsung C&T Corp., its bio units Samsung Biologics Co. and Samsung Bioepis Co. and Samsung Venture Investment Corp. have committed a combined 72...

GIC taps its real estate expert Jasmine Loo as new Korea head

GIC taps its real estate expert Jasmine Loo as new Korea head

Singapore’s GIC Private Ltd., the world’s sixth-largest sovereign wealth fund with around $770 billion in assets under management, has t...

SK Securities becomes lead IPO manager for 1st time since 2018

SK Securities becomes lead IPO manager for 1st time since 2018

SK Securities Co., formerly a unit of South Korea’s No. 2 conglomerate SK Group, is expanding its presence in the domestic equity capital mark...

Cosmax Group unveils new CI

Cosmax Group unveils new CI

South Korea's Cosmax Group unveiled a new corporate identity (CI) on Wednesday. The new CI reflects Cosmax Group's identity as a global beauty and h...

Korea’s taxi app i.M ties up with MK Group to land in Japan

Korea’s taxi app i.M ties up with MK Group to land in Japan

South Korea’s premium ride-hailing app i.M joined hands with Japan’s taxi operator MK Group to allow each platform's customers to use bo...

Hyundai Motor Group, Oxford Univ. establish Foresight Center

Hyundai Motor Group, Oxford Univ. establish Foresight Center

Hyundai Motor Group announced on Tuesday that it partnered with the University of Oxford and established the Oxford-Hyundai Motor Group Foresight Ce...

S. Korea may join offshore wind alliance to take on China

S. Korea may join offshore wind alliance to take on China

South Korea is considering teaming up with a global body formed to cope with China’s rapid expansion in the world’s wind power industry ...

Samsung Asset's KODEX ETF surpasses $43 bn in net assets

Samsung Asset's KODEX ETF surpasses $43 bn in net assets

South Korea's Samsung Asset Management announced on Monday that the net assets of its KODEX exchange-traded fund (ETF) have surpassed 60 trillion ...

SK Square to ramp up chip investment with new CEO

SK Square to ramp up chip investment with new CEO

South Korea’s No. 2 conglomerate SK Group said on Thursday that its investment arm SK Square Co., led by new CEO Han Myung-jin, will ramp ...

LG Elec selected as Volkswagen's top supplier

LG Elec selected as Volkswagen's top supplier

LG Electronics Inc. was named the top supplier by Germany's Volkswagen Group. According to industry sources on Thursday, LG Electronics received the...

Hyundai accelerates EV push in Indonesia with Kona EV

Hyundai accelerates EV push in Indonesia with Kona EV

JAKARTA, Indonesia – Hyundai Motor Co. has built its brand image as a high-end carmaker in Indonesia and controls the country's electric vehic...

Kolon launches composite materials firm Kolon Spaceworks

Kolon launches composite materials firm Kolon Spaceworks

South Korea's Kolon Group announced on Monday it launched a new advanced composite materials company Kolon Spaceworks.Kolon Spaceworks is being es...

SK Group, led by SK Hynix, to invest $77 billion in AI, chips

SK Group, led by SK Hynix, to invest $77 billion in AI, chips

SK Group, South Korea’s second-largest conglomerate after Samsung, is investing 106.4 trillion won ($77 billion) in artificial intelligence an...

Hyundai Mobis combines electrification, module divisions

Hyundai Mobis combines electrification, module divisions

Hyundai Mobis Co., the world’s sixth-largest auto parts maker, said on Friday it has merged its electrification and module divisions to stream...

South Korea sets sights on fostering EDA tech to win HBM chip war

South Korea sets sights on fostering EDA tech to win HBM chip war

In an escalating war in the semiconductor industry, insiders know there’s one technology critical for gaining chip supremacy: Electronic desig...

Lotte Group's heir apparent joins Japan holding firm's board

Lotte Group's heir apparent joins Japan holding firm's board

Shin Yoo-yeol, the heir apparent to Lotte Group, has been elected to the board of directors of its Japanese holding company, which serves as a link ...

Woori to buy Dajia’s insurers in Korea for up to $2.2 bn

Woori to buy Dajia’s insurers in Korea for up to $2.2 bn

Woori Financial Group Inc., South Korea’s fourth-largest financial services holding company, is set to acquire China’s Dajia Insurance G...

Korean PE funds shrink in 2023 for first time in 7 years

Korean PE funds shrink in 2023 for first time in 7 years

South Korean private equity investments declined last year for the first time since 2016 due to interest rate hikes, high inflation and the Korean w...

SK Innovation-backed Marine Innovation looks to enter US green market

SK Innovation-backed Marine Innovation looks to enter US green market

Marine Innovation Co., a South Korean eco-friendly social venture company sponsored by the country’s top energy firm SK Innovation Co., is par...

SK Inc. in talks to sell Pharmteco’s US CDMO plant to Novo Nordisk

SK Inc. in talks to sell Pharmteco’s US CDMO plant to Novo Nordisk

SK Inc., the holding and investment company of SK Group, South Korea’s second-largest conglomerate, is negotiating to sell a major asset of it...

SK Ecoplant seeks to absorb SK Materials' industrial gas units

SK Ecoplant seeks to absorb SK Materials' industrial gas units

SK Ecoplant Co., a South Korean construction engineering and waste management company, is seeking to absorb the profit-making subsidiaries of SK Mat...

EcoPro BM in talks to produce sodium-ion battery cathodes

EcoPro BM in talks to produce sodium-ion battery cathodes

MUNICH, Germany – EcoPro BM Co., a South Korean cathode material producer, is in close discussion with a domestic carmaker to produce cathode ...

Affinity to buy Korea's No. 2 car leasing firm for $591 mn

Affinity to buy Korea's No. 2 car leasing firm for $591 mn

Affinity Equity Partners will buy a 100% stake in South Korea’s second-largest car leasing company SK Rent-a-Car Co. for 820 billion won ($591...

SK Innovation looks to merge with SK E&S for organic growth

SK Innovation looks to merge with SK E&S for organic growth

SK Innovation Co., the parent of South Korea’s largest oil refiner SK Energy Co. and battery maker SK On Co., is looking to merge with energy ...

Shinsegae hires Alibaba Korea head to lead online mall Gmarket

Shinsegae hires Alibaba Korea head to lead online mall Gmarket

Shinsegae Group, South Korea’s retail giant, on Wednesday launched sweeping top-level management overhauls for Gmarket Inc. and SSG.COM. to ti...

Hyosung Chemical receives negative credit rating outlook

Hyosung Chemical receives negative credit rating outlook

South Korean credit rating agency NICE Investors Service Co. (NICE) downgraded Hyosung Chemical's credit rating outlook from stable to negative on W...

Jeju casinos, hotels bask in return of Chinese tourists; luxury shops fall

Jeju casinos, hotels bask in return of Chinese tourists; luxury shops fall

Following the pandemic, hotels and casinos are enjoying a renewed tourist boom with Chinese tourists returning to South Korea, particularly its top ...

Korean waste management firm Koentec on market for $730 mn US unveils 25% tariffs on S.Korea, sets Aug. 1 deadline for agreement Samsung’s Q2 operating profit halves amid sluggish chip sales Samsung Heavy Industries clinches $635 mn preliminary FLNG deal with African shipowner Gochujang, fiery seasonings: K-sauces go viral among adventurous foreign palates