E-book platform Millie's Library drops IPO plan on tepid market interest

E-book platform Millie's Library drops IPO plan on tepid market interest

South Korean e-book platform Millie’s Library dropped its listing plan on Nov. 8 due to tepid demand from institutional investors, marking the...

Coupang launches Rocket Fashion Growth division to beef up fashion retail

Coupang launches Rocket Fashion Growth division to beef up fashion retail

Coupang, Inc. recently established the Rocket Growth Fashion division, according to industry insiders on Monday. As the name suggests, the team...

Hanwha E&C to expand offshore wind power business

Hanwha E&C to expand offshore wind power business

South Korea's Hanwha Engineering and Construction (E&C) on Tuesday concluded a business agreement on joint development of offshore wind power in...

Korea's kimchi maker Daesang to build factory in Europe

Korea's kimchi maker Daesang to build factory in Europe

South Korea's Daesang Corp. plans to build a kimchi factory in Poland as an outpost for entering the European market, where Korean food is hotter th...

Lotte Mart bulks up in SE Asia to make up for China failure

Lotte Mart bulks up in SE Asia to make up for China failure

Indonesia was the destination for Lotte Group Chairman Shin Dong-bin’s first overseas business trip in August, after being granted a special p...

Samsung Elec's brand value rises to $87.7 billion

Samsung Elec's brand value rises to $87.7 billion

Samsung Electronics' brand value has broken the $80 billion mark. Korea's flagship company saw such value grow in double digits for the second ...

Korea's POSCO gets greener via integrated CO2-free brand

Korea's POSCO gets greener via integrated CO2-free brand

Korea's POSCO has introduced the integrated brand Greenate to symbolize the commitment of the nation's top steelmaker to achieve carbon neutrality b...

Vietnamese MZers ensnared by K-beauty, K-fashion, K-everything

Vietnamese MZers ensnared by K-beauty, K-fashion, K-everything

HANOI – Vietnam’s young people are avid fans of Korean culture, collectively known as Hallyu. Trang, a 21-year-old college student, is o...

Singapore PE firm proposes KT&G spin off ginseng biz

Singapore PE firm proposes KT&G spin off ginseng biz

A Singaporean private equity firm has proposed a number of measures to KT&G Corp., the world’s fifth-largest tobacco maker, including a sp...

Hyundai E&C, Holtec embark on detailed design of SMR-160 model

Hyundai E&C, Holtec embark on detailed design of SMR-160 model

South Korea’s Hyundai Engineering & Construction Co. and its US nuclear reactor partner Holtec International have agreed to start working ...

Korea's luxury e-commerce platform Balaan completes Series C

Korea's luxury e-commerce platform Balaan completes Series C

South Korean luxury e-commerce platform operator Balaan Co. will complete the attraction of 25 billion won ($17.3 million) in investment in a Series...

Hanwha E&C abandons Bismayah project in Iraq; $581 mn loss expected

Hanwha E&C abandons Bismayah project in Iraq; $581 mn loss expected

South Korean builder Hanwha Engineering & Construction Co. has aborted a $10 billion project to build a Bismayah new city in Iraq after failing ...

Naver to buy Poshmark at $1.6 bn to boost US e-commerce biz

Naver to buy Poshmark at $1.6 bn to boost US e-commerce biz

Naver Corp. is set to take over US Poshmark Inc. for some $1.6 billion to make inroads into the e-commerce sector in North America as South Korea&rs...

IGIS Asia, Quadreal to form JV for warehouse development in Korea

IGIS Asia, Quadreal to form JV for warehouse development in Korea

IGIS Asia Investment Management Pte., the Singapore-based subsidiary of South Korea’s largest real estate manager IGIS Asset Management, and V...

Lotte Home Shopping showcases Bellygom at Manhattan’s Pier 17

Lotte Home Shopping showcases Bellygom at Manhattan’s Pier 17

NEW YORK – Lotte Home Shopping Inc. displayed Bellygom at Manhattan’s Pier 17 on Wednesday, on the sidelines of the Korea Brand Expo in ...

Hyundai E&C wins $158 mn order for port facility construction in Kuwait

Hyundai E&C wins $158 mn order for port facility construction in Kuwait

South Korea’s Hyundai Engineering & Construction Co. announced Tuesday it won a 220 billion won ($157 million) deal from Kuwait to add sev...

Korea’s No. 1 bookstore Kyobo seeks to acquire OTT platform Watcha

Korea’s No. 1 bookstore Kyobo seeks to acquire OTT platform Watcha

The Kyobo Book Centre, South Korea’s largest bookstore chain, is seeking to acquire over-the-top (OTT) platform Watcha Inc. to expand its busi...

Hyundai, Iveco unveil jointly developed hydrogen van

Hyundai, Iveco unveil jointly developed hydrogen van

South Korea's Hyundai Motor Co. and Italian truck maker Iveco Group on Monday showcased a large commercial van powered by hydrogen, which they had j...

Hyundai wins $1.2 bn railway order from Philippines

Hyundai wins $1.2 bn railway order from Philippines

South Korea’s Hyundai Engineering & Construction Co. has won a $1.2 billion order from the Philippines to build a railway connecting the c...

IMM seeks to sell off low-cost cosmetics brand Missha

IMM seeks to sell off low-cost cosmetics brand Missha

IMM Private Equity is trying to sell off the management rights of Able C&C, the parent of Korea’s first-generation low-priced cosmetics br...

DRX aims to be first Korean e-sports firm to go public with 2024 IPO

DRX aims to be first Korean e-sports firm to go public with 2024 IPO

South Korea’s e-sports company DRX is aiming to become the first e-sports firm to list on the secondary bourse Kosdaq with its planned 2024 IP...

Cash-rich Nongshim pursues first-ever sizeable acquisition

Cash-rich Nongshim pursues first-ever sizeable acquisition

Nongshim Co., South Korea’s No. 1 instant noodle brand, is looking to buy a domestic food supplement maker for up to $50 million, which would ...

Polo shirts, classic sports fashion sees revival in Asia

Polo shirts, classic sports fashion sees revival in Asia

Ralph Lauren Corp., the world-renowned fashion firm that features timeless design and a classic sporty style with its trademark Polo brand, is seein...

Korean big-box stores see credit rating downgrades

Korean big-box stores see credit rating downgrades

Two credit rating agencies have lowered South Korean big-box retail giants’ credit profiles. Korea’s top three big-box stores, Homeplus ...

Korea's Hyundai E&C to build smart green city in Vietnam

Korea's Hyundai E&C to build smart green city in Vietnam

Hyundai Engineering & Construction Co. is poised to become the first South Korean company to join Vietnam’s green smart city development p...

Hyundai’s Genesis ranks top in J.D. Power’s innovative tech study

Hyundai’s Genesis ranks top in J.D. Power’s innovative tech study

Hyundai Motor Co.'s premium brand Genesis has been recognized by industry analysts for its excellence in innovative technology and consumer experi...

Halla Group to change corporate name to HL Group

Halla Group to change corporate name to HL Group

South Korea’s Halla Group is changing its corporate name to HL Group as the construction-to-auto parts conglomerate celebrates the 60th annive...

Korean e-scooter platforms diversify to survive

Korean e-scooter platforms diversify to survive

South Korean shared electric scooter platforms are taking over their smaller rivals or entering new markets as beefed-up safety guidelines on two-wh...

POSCO Int'l to absorb energy unit to move up E&P value chain

POSCO Int'l to absorb energy unit to move up E&P value chain

POSCO International Corp., the trading unit of Korean steel giant POSCO, will merge with its unlisted affiliate POSCO Energy Co. to reinforce its en...

Golf apparel goes trendy and upmarket in Korea on rise of young golfers

Golf apparel goes trendy and upmarket in Korea on rise of young golfers

As the popularity of golf grows in South Korea, particularly among young people, golf clothes are becoming increasingly more expensive and fashionab...

Fictional K-pop band Saja Boys beat BTS, Blackpink to top US Spotify charts S.Korea’s extra budget approved; IBs lift economic forecast BTS’ Suga, MLB star Chan Ho Park to join Oakland Athletics as shareholders Celltrion secures $730 mn to buy biosimilar unit shares, pursue M&A Korean commercial act revision to drive reevaluation of equities: J.P. Morgan