US government eyes stake in Samsung, TSMC in return for CHIPS Act funds
The US government is looking into acquiring equity stakes in chipmakers such as Samsung Electronics Co., Taiwan Semiconductor Manufacturing Co. (TSM...
‘Act fast, or miss out’: Korean retail investors look to Wall Street debut stocks for hefty gains
When cryptocurrency exchange operator Bullish rang the bell at the New York Stock Exchange (NYSE) on Aug. 13, a 30-something South Korean investor l...
S.Korea’s top 3 shipbuilders launch MASGA TF, eye 2-track strategy
South Korea’s three leading shipbuilders – HD Shipbuilding & Offshore Engineering Co., Hanwha Ocean Co. and Samsung Heavy Industries...
BTS live album debuts at No. 10 on Billboard 200, setting new K-pop record
BTS’s first live act album Permission to Dance on Stage – Live debuted at No. 10 on the Billboard 200 albums chart dated Aug. 2, accordi...
Test case looms for Korea’s revised Commercial Act as VIP Asset challenges Lotte Rental’s rights issue to Affinity
Lotte Rental Co., South Korea’s No. 1 car rental and leasing company, is facing a backlash from a key minority shareholder over its planned ri...
Blackpink's new single Jump tops Spotify daily chart
Blackpink's new single Jump has rocketed to No. 1 on the Spotify Daily Top Songs Global chart, YG Entertainment Inc., the company behind the girl gr...
South Korea moves to mandate treasury share cancellation
South Korea’s ruling Democratic Party is accelerating its push to boost shareholder value by requiring listed companies to cancel treasury sha...
Korean commercial act revision to drive reevaluation of equities: J.P. Morgan
J.P. Morgan, a leading US investment bank, has thrown its weight behind South Korea’s landmark commercial act revision, saying that the new go...
LG Energy Solution, Toyota Tsusho launch battery recycling JV in US
LG Energy Solution Ltd. has set up a battery recycling joint venture with Toyota Tsusho Corp. in the US, deepening the South Korean battery giant&rs...
Hyundai Motor-backed Motional names AI veteran Laura Major as CEO
Motional Inc., the autonomous driving joint venture backed by Hyundai Motor Group, has appointed Laura Major, an artificial intelligence and robotic...
BOK chief warns against aggressive policy rate cuts, sees need for stimulus
Bank of Korea Governor Rhee Chang-yong on Thursday signaled a cautious approach to monetary easing, warning that excessive interest rate cuts could ...
SpaceX’s Starlink, Eutelsat’s OneWeb land in Korea for LEO satellite services
South Korea has officially cleared the way for low-earth orbit (LEO) satellite internet services, granting regulatory approval for SpaceX’s St...
Kyobo Life poised to buy Japan’s SBI Group-owned savings bank
Kyobo Life Insurance Co. is in the final stages of negotiation with Japanese financial group SBI Holdings Inc. to buy about a 50% stake in SBI Savin...
S.Korea's Han, Trump discuss transactional diplomacy in 1st direct talks
South Korea’s Acting President and Prime Minister Han Duck-soo spoke with US President Donald Trump on Tuesday to discuss various issues of mu...
Samsung's Lee meets with Xi amid Beijing’s balancing act vs Washington
Samsung Electronics Co. Chairman Lee Jae-yong, along with other global tech leaders, met with Chinese President Xi Jinping in Beijing on Friday as C...
Korean court reinstates impeached PM Han as acting president
South Korea’s constitutional court on Monday ruled against the impeachment of Prime Minister Han Duck-soo, restoring him to his position as ac...
Parliament passes bill to expand boards’ fiduciary duties
South Korea's National Assembly on Thursday passed an amendment to the Commercial Act to expand boards of directors’ fiduciary duties to minor...
HD Hyundai, TerraPower to commercialize next-gen SMR
South Korea’s largest shipbuilder, HD Hyundai Heavy Industries Co., is deepening its partnership with TerraPower LLC, the US nuclear venture f...
Korean snacks mesmerize global consumers amid K-pop popularity
South Korea’s snack exports soared to a record high in February, surpassing $40 million for the first time, as global demand surged amid the sus...
NCSOFT’s NC Tower up for sale with its value estimated at $272 million
The sales of several office buildings along Teheran-ro in Seoul's upscale Gangnam Business District (GBD) are gaining momentum.The bidding for the...
Korea’s new acting president assures economy resilient, security tight
South Korea’s new Acting President Choi Sang-mok said on Friday he is confident that the country’s economy is resilient and its national...
South Korea’s Acting President Han impeached; Stocks, won plummet
Han Duck-soo, South Korea’s acting president and prime minister, was impeached in Parliament on Friday amid a deepening political crisis batte...
LG Energy, Qualcomm to commercialize BMS solution
South Korea's LG Energy Solution Ltd. said on Monday it partnered with Qualcomm Technologies to commercialize its new system-on-chip (SoC)-based bat...
NPS to invest record $1.4 billion in Korean property market in 2025
South Korea’s National Pension Service (NPS) plans to invest 2 trillion won ($1.4 billion) in the domestic real estate market next year to gai...
Korea’s commercial vehicle sales tumble on economic slowdown
South Korea’s commercial vehicle sales are plunging on sluggish domestic demand amid a slowdown in Asia’s fourth-largest economy.Local s...
SKC’s US affiliate Absolics receives $100 million in US R&D grants
Absolics Inc., the US glass substrate affiliate of South Korean chemical materials company SKC Ltd., has been selected to receive up to $100 million...
Apple supplier LG Innotek to invest $268.4 mn in Vietnam in 2025
South Korea’s LG Innotek Co., a major contractor for Apple Inc., said on Thursday it plans to spend 375.9 billion won ($268.4 million) next ye...
Naver, Saudi Arabia's NHC to build JV
South Korea’s Naver Corp. said on Monday it signed a memorandum of understanding (MOU) with Saudi Arabia’s National Housing Company (NHC...
LG unveils AI-powered commercial washers, dryers in renewed B2B push
South Korean home appliances giant LG Electronics Inc. is stepping up efforts to enhance its presence in the global business-to-business (B2B) marke...
Hyundai E&C signs engineering deal for two nuclear reactors in Bulgaria
South Korea’s Hyundai Engineering & Construction Co. has signed a nuclear power plant design contract with Bulgaria's state nuclear power ...
