SK D&D relaunches renewable energy business spin-off as SK Eternix

SK D&D relaunches renewable energy business spin-off as SK Eternix

SK D&D Co., a real estate unit of South Korea’s SK Group, said on Monday it has completed the planned spin-off of its renewable energy bus...

Palliser Capital backs proxy fight with Samsung C&T

Palliser Capital backs proxy fight with Samsung C&T

Palliser Capital, a London-based hedge fund, said on Sunday it will vote in favor of other activist shareholders’ proposals for Samsung C&...

IGIS Asset Management's controlling stake put on sale

IGIS Asset Management's controlling stake put on sale

South Korea’s IGIS Asset Management Co., one of the largest real estate firms in Asia, has put the company’s 25% stake plus control prem...

HL Mando listed in S&P Sustainability Yearbook 2023

HL Mando listed in S&P Sustainability Yearbook 2023

HL Mando Corp., an electric vehicle and self-driving system developing unit of South Korea’s HL Group, announced on Tuesday that it has been i...

Tobacco maker KT&G names its COO as final CEO candidate

Tobacco maker KT&G names its COO as final CEO candidate

South Korea’s KT&G Corp., the world’s leading tobacco maker, appointed its Chief Operating Officer Bang Kyung-man as the final candi...

LG Innotek hastens to lead autonomous driving solution

LG Innotek hastens to lead autonomous driving solution

LG Innotek Co., South Korea’s major camera module supplier seeking to reduce its hefty reliance on Apple Inc. for earnings, has unveiled its l...

SK Networks looks to triple operating profit by 2026 with AI

SK Networks looks to triple operating profit by 2026 with AI

SK Networks Co., a South Korean trading and rental company actively investing in tech firms in recent years, will step up its efforts to transform i...

South Korea’s corporate tax-to-GDP ratio hits record high

South Korea’s corporate tax-to-GDP ratio hits record high

South Korean companies paid more corporate taxes than their rivals in developed countries in 2022, losing competitiveness, with the nation’s c...

POSCO Int’l wins Mercury Awards for video ad

POSCO Int’l wins Mercury Awards for video ad

POSCO International Corp. announced on Tuesday that it has received the Honors Award in the Corporate Identity Video category at the prestigious Mer...

KT’s 2023 sales rise to all-time yearly high on wireless, internet business

KT’s 2023 sales rise to all-time yearly high on wireless, internet business

South Korea’s leading telecommunications company KT Corp. on Thursday posted record annual sales revenue for 2023, buoyed by steady growth in ...

Korea needs sustainable ecosystem for startup accelerators

Korea needs sustainable ecosystem for startup accelerators

South Korea needs to create a “sustainable ecosystem” to nurture influential startup accelerators like US tech startup accelerator Y Com...

Lexus tops imported car brands in Korea driver survey

Lexus tops imported car brands in Korea driver survey

Lexus ranked tops in a customer satisfaction survey of imported-car drivers in South Korea, which also found positive responses to the online purcha...

Hyundai, Kia EV sales on a roll in US due to better style, pricing

Hyundai, Kia EV sales on a roll in US due to better style, pricing

Hyundai Motor Co. and its sibling Kia Corp. sold 6,627 units of electric vehicles together in the US last month, 51% more than a year ago as their d...

Samsung C&T, Hyundai E&C see higher profits in 2023 on overseas projects

Samsung C&T, Hyundai E&C see higher profits in 2023 on overseas projects

Samsung C&T Corp.'s construction unit and Hyundai Engineering & Construction Co. stood out with increased profits last year on overseas proj...

Korean LPs stick to private debt amid market uncertainties

Korean LPs stick to private debt amid market uncertainties

South Korean limited partners will tap private debt as their most preferred asset class in 2024 to secure stable income amid geopolitical conflicts an...

Korean LPs eye industrial, logistics amid e-commerce growth

Korean LPs eye industrial, logistics amid e-commerce growth

Global real estate will be the least-chosen asset class for South Korean institutional investors this year, according to a recent survey. Despite curr...

Digital assets emerge as Korean LPs' No. 1 infrastructure target

Digital assets emerge as Korean LPs' No. 1 infrastructure target

Digital infrastructure, such as data centers, towers and smart meters, will be the hottest infrastructure asset this year for South Korean limited par...

No annual bonuses for Samsung chip unit due to loss

No annual bonuses for Samsung chip unit due to loss

Samsung Electronics Co., the world’s top memory chipmaker, decided not to pay annual bonuses to staff of its semiconductor business due to the...

Private debt, infrastructure remain top picks for Korean LPs in 2024

Private debt, infrastructure remain top picks for Korean LPs in 2024

Private debt and infrastructure will remain South Korean institutional investors’ favorite alternative asset classes for the second straight yea...

Korea needs population growth for sustainability: World Bank chief

Korea needs population growth for sustainability: World Bank chief

World Bank President Ajay Banga said on Thursday that South Korea needs to boost population growth by easing the fierce competition in education and...

Mohegan gains Korea’s 1st foreign casino license in 19 years

Mohegan gains Korea’s 1st foreign casino license in 19 years

Mohegan Gaming & Entertainment (MGE) will open a foreigners-only casino at its resort complex in Incheon, South Korea in the first quarter after...

Korean banks flock to Poland, Korean Inc.’s new manufacturing hub

Korean banks flock to Poland, Korean Inc.’s new manufacturing hub

South Korean banks are in a race to advance into Poland to support Korean companies rushing to build factories in the new offshore manufacturing hub...

Gaonchips opens corporation in Silicon Valley

Gaonchips opens corporation in Silicon Valley

South Korea’s Gaonchips Co. announced on Friday that it opened its new overseas corporation Gaonchips America Inc. in Silicon Valley, the US...

Hyundai Motor signs 4-year lithium deal with Ganfeng Lithium

Hyundai Motor signs 4-year lithium deal with Ganfeng Lithium

Hyundai Motor Group will acquire lithium hydroxide, a key raw material for electric vehicle batteries, from the world’s No. 1 supplier Ganfeng...

Hanwha bond bookbuilding 10 times oversubscribed

Hanwha bond bookbuilding 10 times oversubscribed

Hanwha Corp., the parent company of Hanwha Group, announced on Thursday that it had received orders totaling 1.49 trillion won ($1.14 billion) in it...

LG Chem sees up to 25% battery sector growth in 2024: report

LG Chem sees up to 25% battery sector growth in 2024: report

South Korea’s LG Chem Ltd., the parent of the world’s second-largest electric vehicle battery maker LG Energy Solution Ltd., expects up ...

Korean corporate debt sale hits snag amid Taeyoung woes

Korean corporate debt sale hits snag amid Taeyoung woes

The South Korean corporate bond market is taking a direct hit from growing credit crunch concerns in the country’s construction sector trigger...

POSCO chair, board under investigation ahead of new CEO selection

POSCO chair, board under investigation ahead of new CEO selection

Police in Seoul have launched a probe into South Korea’s POSCO Holdings Inc. Chairman and Chief Executive Choi Jeong-woo and the company's boa...

Korean Air, Japan’s Yusen to co-work for SAF

Korean Air, Japan’s Yusen to co-work for SAF

Korean Air Lines Co. has recently partnered with Japan-based global logistics company Yusen Logistics for a cargo sustainable aviation fuel (SAF) ...

Taeyoung’s fresh measures raise hope for debt workout

Taeyoung’s fresh measures raise hope for debt workout

Taeyoung Group, South Korea’s midsize conglomerate controlling logistics, media and construction businesses, on Tuesday vowed to offer up its ...

Hyundai Glovis charts new waters with world’s first AI-driven self-sailing car carrier fleet Korea’s game studios rebrand as AI tech firms, move into fashion, robotics, media Return of the K-pop queens: Blackpink, Twice power up YG, JYP Samsung to launch AI health coach beta in US by end-2025 South Korea moves to mandate treasury share cancellation