South Korea's economic bodies urge revision of US Inflation Reduction Act

Six leading economic organizations in South Korea have sent a joint letter to the US government and Congress requesting revision of the US Inflation...

Eugene Group, Stonebridge Capital mull logistics firm Mesh acquisition

South Korean conglomerate Eugene Group, one of the largest construction materials suppliers in the country, is planning to acquire local logistics c...

Korea's NPS to get partial tax refund on US real estate sales

South Korea’s National Pension Service (NPS) is set to receive a tax refund of 30 billion won ($22.4 million) from the US Internal Revenue Ser...

Hyundai Glovis joins hands with Lion Group to move into Malaysian logistics market (edited)

Hyundai Glovis will enter the Southeast Asian logistics market in partnership with a large Malaysian company. The company, Hyundai Motor Group's log...

South Korea's DL E&C wins 1st petrochemical plant order in US

South Korean construction company DL E&C has landed its first contract to build a petrochemical plant in the US.The company on Thursday said it ...

Korea's Lotte Chem likely to raise $745 mn via rights offering

South Korea’s Lotte Chemical Corp. is poised to decide to raise more than 1 trillion won ($745.4 million) of capital at its board meeting this...

Samyang transitions to white biotech with S.Korea’s first isosorbide plant

Samyang Group, a diversified conglomerate, has long focused on the chemicals and foodstuffs sectors. While adding to its existing chemicals bus...

S. Korea's T'way Air to resume Incheon-Chiang Mai route

South Korea's budget carrier T'way Air on Wednesday said it will resume from Nov. 28 its flight linking Incheon and Chiang Mai, Thailand, with seven...

South Korea's listed companies suffer 26% drop in operating profit in Q3

South Korea's companies listed on the main stock exchange Kospi in this year's third quarter saw operating profit drop 26% from the same period last...

NPS narrows search for new CIO to two major candidates

South Korea’s National Pension Service (NPS), the world’s third-largest pension fund managing 917.2 trillion won ($692 billion) in asset...

Hyundai Glovis, Malaysia’s Lion Group to enter ASEAN logistics market

Hyundai Glovis Co., the logistics unit of South Korea’s Hyundai Motor Group, said on Wednesday it has signed an initial agreement with Malaysi...

CJ CheilJedang rebrands porridge line as Hetbahn Soft Meal

CJ CheilJedang Corp. announced Wednesday it has changed the name of its line of porridge products from Bibigo Jook to Hetbahn Soft Meal. CJ Het...

Korea, US to work on Busan-Seattle green cargo shipping corridor

South Korea and the US are looking to create a green cargo shipping corridor linking the port of Busan with the ports of Seattle and Tacoma as part ...

S.Korea's Iljin Group halts sale of its display maker

South Korea’s Iljin Display Co. has suspended procedures of selling its 43.19% stake with management rights, the junior bourse Kosdaq-listed d...

US extends antitrust review of Korean Air-Asiana merger

The US competition authority extended its review of the proposed merger between South Korea’s two largest airlines to check if the deal hurts ...

Miniforce producer aims to become Asia's top children's platform with IPO

The South Korean producer of famous animated series such as Miniforce aims to become Asia’s top children's platform by way of an initial publi...

UK regulator flags concerns over Korean Air-Asiana merger

The British antitrust watchdog raised concerns over the impact on competition of the proposed merger between South Korea’s two largest carrier...

LG CNS to design smart city system for Indonesia's new capital

South Korea's LG CNS will provide a smart city design for Indonesia's new capital of Nusantara. The company on Tuesday said it signed the day before...

Saudi crown prince to meet Korean business leaders in Seoul

Saudi Arabia’s crown prince Mohammed bin Salman is known to be planning meetings with leaders of major South Korean conglomerates, including S...

Yanolja to expand overseas business with global partner

South Korea's tourism platform Yanolja is expanding its overseas air and travel operations.Yanolja Cloud, an artificial intelligence-based software ...

LG CNS earns $2.3 billion in year's first 3 quarters

South Korea's information and communications technology (ICT) corporation LG CNS, which seeks an initial public offering (IPO), has set a company re...

KT&G enlists Goldman Sachs to cope with shareholder activism

KT&G Corp., the world’s fifth-largest tobacco maker, appointed Goldman Sachs as an advisor to improve corporate governance after a Singapo...

LG Uplus, Hyundai Motor Group in connected car service deal

LG Uplus Corp., South Korea’s third-largest mobile carrier, will supply exclusive wireless communications services to Hyundai Motor Group for ...

Game design and development studio SHIFT UP eyes IPO

SHIFT UP Corp., known for its subculture games, is eyeing an initial public offering (IPO.) The game design and development studio confirmed th...

Korean firms at risk of credit rating downgrade on Legoland woes

South Korean companies are at risk of credit rating downgrades as the fallout of a debt default by the domestic developer of a Legoland theme park r...

Korea won sees best day in nearly 14 yrs, may be climbing from bottom

The South Korean won currency on Friday reported the largest daily gain in almost 14 years as lower-than-expected US inflation data bolstered expect...

Chipmaker Netsol unveils first STT-MRAM in South Korea

South Korea’s fabless memory semiconductor design house Netsol announced on Friday that it developed the country’s first STT-MRAM, a nex...

KDI cuts Korea growth forecast, urges gradual rate hikes

South Korean economic growth is expected to decline further next year to the slowest level since the COVID-19 breakout while inflation is likely t...

Hyundai Mobis to build $69 mn integrated logistics center in Korea

South Korea’s largest auto parts maker Hyundai Mobis Co. said on Thursday it will spend 94.8 billion won ($69 million) to build an integrated ...

Intake bets on alternative meat, zero-calorie drinks for future of food tech

South Korean food tech startup Intake Corp. sells a wide range of meat alternatives, such as plant-based egg substitutes and vegan burger patties.&n...