Affinity fails in Lock&Lock tender offer; eyes equity swap

Hong Kong-based Affinity Equity Partners is planning for an equity swap between its new entity and South Korean food container maker Lock&Lock...

S.Korea beats Japan in GNI per capita for 1st time in 2023

South Korea outstripped Japan in terms of per capita gross national income (GNI) for the first time in 2023, central bank data showed, with the Japa...

Korea's KDB widens gap in VC fundraising in H1; NPS to fund in July

The capital commitments of state-run Korea Development Bank (KDB) have widened the gap for South Korean venture capital firms in fundraising over ...

YouTube, Coupang offer Shopping affiliate program in Korea

YouTube has started offering its Shopping affiliate program in South Korea in partnership with the country’s No. 1 e-commerce platform company...

LG Energy, ADI tie up for fast-charging EV battery technologies

LG Energy Solution Ltd., the world’s No. 3 electric vehicle battery maker, joined hands with US chipmaker Analog Devices Inc. (ADI) on advance...

LG-Kakao EV charger JV LG Uplus VoltUp sets sail

LG Uplus Corp., South Korea’s third-largest mobile carrier, and the country’s largest taxi-hailing platform Kakao Mobility Corp. officia...

Korea’s non-financial firms rush to issue perpetual bonds

Perpetual bond offerings by non-financial firms in South Korea are poised to hit new records this year as many companies have flocked to the hybrid ...

Korea’s Kakao Mobility unveils global ride-hailing app to court Uber

Kakao Mobility Corp., South Korea’s top ride-hailing service provider, on Tuesday introduced the release of its global app, taking on global g...

Ultium Cells Spring Hill: LG, GM’s EV battery bastion in North America

NASHVILLE – Some 60 km south of Nashville, the capital of Tennessee, lies a huge plant churning out battery cells that will eventually land in...

Dongbu Corp exceeds $730 bn in new orders

South Korea's Dongbu Corporation surpassed 1 trillion won ($727 million) in new orders this year by securing a 200 billion won ($145 million) railwa...

Jeju Air, Lion Air codeshare Incheon-Bali route

South Korea’s budget carrier Jeju Air Co. announced on Tuesday that it signed a codeshare agreement with Indonesia's largest low-cost airline,...

Eco-friendly cars reboot Hyundai, Kia’s US sales in May

Hyundai Motor Co. and Kia Corp., car manufacturers of the global No. 3 automaker Hyundai Motor Group, reported a rebound last month on sales in the ...

Korea’s KT, Microsoft form strategic alliance on AI, cloud sectors

South Korea’s leading telecommunications service provider KT Corp. has formed a strategic alliance with US tech giant Microsoft Corp. to colla...

HD Hyundai supplies large hydrogen forklifts to Korea Zink

South Korea's HD Hyundai XiteSolution announced on Monday that it deployed its four 5-ton hydrogen forklifts in Korea Zinc Inc.'s Onsan Refinery and...

S.Korea’s inflation slows to 10-month low amid tight policy

South Korea’s headline inflation slowed to a 10-month low in May as the Bank of Korea kept its interest rate policy tight, adding to the centr...

Hyundai Glovis, EcoPro team up for EV battery recycling business

Hyundai Glovis Co., the logistics unit of South Korea’s Hyundai Motor Group, and EcoPro Co., the country’s leading electric vehicle batt...

Korea’s LS Group to operate brokerage firm LS Securities

South Korean cable-to-energy giant LS Group said on Monday that it has renamed brokerage subsidiary eBest Investment & Securities to LS Securiti...

Korea’s BC Card starts QR code payment service in Malaysia

South Korea’s credit card issuer BC Card Co. introduced its QR code payment service in Malaysia through cooperation with the country’s n...

South Korea finds massive crude oil, gas prospects in East Sea: Yoon

South Korea, which heavily relies on imports for its energy use, has found a potentially massive reserve of oil and gas offshore close to its southe...

LG Energy Solution to discover startups in battery sector

South Korea's LG Energy Solution Ltd. announced on Monday that it will host Battery Challenge 2024, an open innovation program to discover startup...

MBK puts Homeplus’ supermarket chain unit up for sale

MBK Partners, the North Asia-focused private equity firm, has put the supermarket chain unit of South Korea’s hypermarket operator Homeplus up...

Hyundai to raise Tucson Hybrid output in Korea for exports

Hyundai Motor Co., South Korea’s top automaker, plans to ramp up Korean production of the hybrid version of its Tucson sport utility vehicle f...

Korea’s exports at 22-month high in May on chips, cars

South Korea’s exports hit a 22-month high in May, led by strong shipments of semiconductors and automobiles abroad, adding to hopes that overs...

NPS to cut Korean stock allocation to 13% by 2029

South Korea’s National Pension Service (NPS), also the world’s third-largest pension fund, will gradually reduce the proportion of its l...

Deloitte Korea taps new CFO, consulting head in reshuffle

Deloitte Korea, which operates accounting firm Deloitte Anjin LLC and consulting service provider Deloitte Consulting LLC, announced a reshuffle wit...

South Korea to build 3 nuclear plants, 1 SMR under new energy policy

South Korea plans to build as many as three new nuclear power plants by 2038 and put into operation at least one small modular reactor (SMR) by 2035...

Korea’s April factory output rebounds amid weak consumption

South Korea’s factory production rebounded in April on healthy manufacturing while domestic consumption and capital expenditures dipped, indic...

Hyundai E&C to build Korea's 1st electrolysis-based hydrogen plant

Hyundai Engineering & Construction Co. (Hyundai E&C) has broken ground on South Korea’s first hydrogen production plant using water el...

Ferrari unveils 12Cilindri in S.Korea, 1st time in Asia

INCHEON -- Italian sports car maker Ferrari S.p.A. on Thursday unveiled the 12Cilindri with a V12 petrol engine in South Korea for the first time in...

Kyobo Life gets AAA IFS rating for 18 consecutive years

South Korea's Kyobo Life Insurance Co. announced on Thursday that it received the highest rating of AAA for insurer financial strength (IFS) from th...