Mirae Asset named preferred bidder for IFC Seoul

Mirae Asset Global Investments Co., an asset management arm of Mirae Asset Financial Group in South Korea, will be in an exclusive talk with Brookfi...

Celltrion to sell biosimilar products via its own channel in Europe

South Korea's biopharmaceutical company Celltrion Inc. plans to sell all of its biosimilar products through its own sales channels in Europe to impr...

MBK to further slim down Homeplus before exit

MBK Partners has put one of the large store buildings of South Korea's supermarket chain Homeplus up for sale as part of an ongoing effort to improv...

Genesis posts sales growth in US as other auto brands suffer

Hyundai Motor Co. said on Wednesday its premium Genesis brand saw its US car sales considerably grow in April when all other major carmakers reporte...

NH-Amundi sells Yuanta's Seoul office to Capstone for $242 bn

South Korea’s NH-Amundi Asset Management Co. said on Monday that it completed selling Yuanta Securities Co.’s Korean headquarters to C...

Medytox-Hugel dispute over botox strain intensifies with ITC probe

A legal dispute over a botox strain between South Korean pharmaceutical company Medytox Inc. and its crosstown rival Hugel Inc. has intensified with...

Following Japan’s economic decline

When it comes to the economy, would it be faster for South Korea to surpass Japan or be surpassed by Taiwan?Recently, all eyes are on the three East...

IGIS, KKR to found JV for real estate investment in Korea

US private equity investment giant KKR & Co. and IGIS Asset Management Co., the largest real estate fund manager in South Korea, will set up a j...

Amorepacific delivers disappointing Q1 results as China sales slump

South Korea’s cosmetics giant Amorepacific Corp. on Thursday posted disappointing first-quarter sales and operating profit as revenue from Chi...

LG Elec. sees tough road ahead after record earnings in Q1

LG Electronics Inc., the world’s top home appliances maker, expects business conditions to deteriorate in the second quarter amid higher costs...

Hyundai Mobis taps two Japanese auto experts to boost sales

South Korea’s Hyundai Mobis Co. has tapped two Japanese auto experts to accelerate its business in Japan, the company announced on April 27. T...

Dongkuk buys 15% stake in Vietnamese steel fabricator

Dongkuk Steel Mill Co., South Korea’s leading color-coated steel manufacturer, said on Wednesday it has acquired a 15% stake in VSSC Steel Cen...

Blackstone taps ex-Citibank Korea CEO as Seoul office head

The Blackstone Group has named Ha Yung-Ku, who had led Citibank Korea for nearly 14 years, as chairman of its South Korean operations as the US inve...

SK Hynix posts record Q1 sales buoyed by Solidigm, may build another fab

SK Hynix Inc., the world’s second-largest memory chipmaker, said on Wednesday it is considering building another chip fabrication line after p...

Office deals in Seoul, Bundang surge 45% on-year in Q1

The office building deals in Seoul and neighboring Bundang Business District (BBD) reached 3.1 trillion won ($2.5 billion) during the first quarte...

Black Desert by Pearl Abyss tops China app market

South Korean game developer and publisher Pearl Abyss announced Tuesday the mobile version of its cross-platform MMORPG Black Desert has claimed f...

Hyundai, Kia see Q1 profits soar, aim for strong 2022 despite dim outlook

South Korea’s two largest automakers – Hyundai Motor Co. and Kia Corp. – on Monday posted strong first-quarter earnings, driven by...

Samsung Heavy sells undelivered drillships to PEF

South Korea's Samsung Heavy Industries Co. has sold its four undelivered drillships to a domestic private equity fund for a combined 1.04 trillion w...

Naver to cut costs for profitability after disappointing Q1

Naver Corp., South Korea’s dominant online platform, will focus on cutting costs and reducing new hiring to improve profitability as its disap...

Fractional copyright ownerships are securities: Seoul

Musicow Inc., South Korea's first music copyright trading platform, will come under regulatory scrutiny, after the country's top financial regulator...

Shinsegae, IGIS bolster tie-ups to bid for IFC Seoul

South Korea's retail giant Shinsegae Group has joined forces with Seoul-based IGIS Asset Management Co. to bid for International Finance Center in S...

Hilton Seoul to transform into UAM landing area

South Korea's Hyundai Engineering & Construction Co. (Hyundai E&C) plans to build the country's first landing area for urban air mobility (U...

SUV, minivan sales reach 52% of car market in Q1

Sales of leisure vehicles in South Korea, primarily sport utility vehicles (SUVs) and minivans, exceeded half of domestic finished car sales in the ...

POSCO returns from pandemic blues with record quarterly profit

South Korea’s largest steelmaker POSCO is returning even stronger from the pandemic-caused economic slowdown, with an all-time high revenue an...

LS Group may raise stake in LS-Nikko Copper to 90%

South Korea's LS Group is considering buying an additional stake in LS-Nikko Copper Inc. to boost its stake in the world’s second-largest elec...

HK inno.N receives sales permit for ulcer treatment in China

HK inno.N is expediting its global expansion with its latest drug K-Cab designed to treat peptic ulcers.The South Korean pharmaceutical company an...

Shinhan Card makes strategic investment in car sales platform

South Korea’s Shinhan Financial Group is intensifying its online car sales business through partnerships with online platforms. The group&rs...

Grade-A offices in Seoul hit lowest vacancy rate in Q1 2022

Grade-A offices saw their lowest-ever quarterly vacancy rate in the first quarter of 2022 since 2010, when Canada-based real estate investment manag...

Hanmi stands out with own drugs as Korean rivals sell imports

South Korea’s Hanmi Pharmaceutical Co. generated sales of more than 1 trillion won ($812.3 million) from its own medicines last year on strong...

Ssangyong Motor sale likely a duel between KG Group, Ssangbangwool

The sale of troubled sport utility vehicle maker Ssangyong Motor Co. is likely to be a duel between chemicals conglomerate KG Group and SBW Group, a...