Korea’s Catchtable eyes offshore table reservation markets

Wad Corp., the developer and operator of South Korea’s most popular restaurant reservation app Catchtable, is considering offering Catchtable ...

Hahn & Co. overhauls Namyang board, ending family control

Private equity firm Hahn & Co. on Friday won shareholder approval to replace Namyang Dairy Products Co.'s board of directors with Hahn's executi...

Korean savings banks swing to loss after 9 years

South Korea’s savings banks turned to the red after nine years in 2023 as they put aside heavy reserves on future loan losses, with their loan...

POSCO new chief vows to keep fostering battery materials business

POSCO Holdings Inc.'s new Chairman Chang In-hwa on Thursday pledged to keep fostering its electric vehicle battery materials business, the group&rsq...

Lotte Group to give more authority to outside directors

Food-to-retail conglomerate Lotte will expand the authority of outside directors by separating the roles of chief executives and board chairs at its...

Korea business lobby group eyes tax reform in new parliament

The Korea Enterprises Federation will reinforce efforts to win lawmakers’ nod to its long-desired campaign to slash corporate taxes and inheri...

South Korea, odd one out in new global gold rush

South Korea has remained muted to a new gold rush fueled by various central banks across the world gobbling up the precious metal, raising concerns ...

ISS backs Kumho Petrochem in family feud-triggered proxy war

Proxy advisory firm International Shareholder Services (ISS) has expressed its support for all of Kumho Petrochemical Co.'s proposals up for vote ...

Chung Yong-jin, now chairman, to bring Shinsegae back from doldrums

Chung Yong-jin, vice chairman of South Korea’s retail giant Shinsegae Group, has been promoted to chairman to strengthen his clout over the co...

Meta’s Zuckerberg to visit Korea on possible AI partnership

Mark Zuckerberg, chief executive of US tech giant Meta Platforms Inc. plans to visit South Korea later this month and meet key figures including Pre...

Family feud at Kumho Petrochem set to reignite

Park Chul-whan, the nephew of Kumho Petrochemical Co.'s former Chairman Park Chan-koo, has launched a proxy fight jointly with an activist fund, fue...

POSCO chairman nominee to prop up ailing steel business

The chairman nominee of POSCO Holdings Inc., the parent of the world’s No. 7 steelmaker POSCO, is expected to concentrate on improving its cor...

POSCO taps ex-President Chang In-hwa as its next group chairman

POSCO Holdings Inc., the parent of South Korea’s largest steelmaker POSCO, has nominated former President Chang In-hwa as its next group chair...

SK Networks ties up with US-based Bow Capital for investments

SK Networks Co., a South Korean trading company, joined hands with Silicon Valley-based venture capital firm Bow Capital for investment cooperation,...

Lotte Group Chairman says to sell ailing units for new biz: report

Lotte Group plans to sell ailing units as the South Korean retail-to-chemical conglomerate is shifting its focus to new growth sectors such as bio, ...

Korea’s ELS market to stagnate after HSCEI debacle: KOFIA chairman

The Korea Financial Investment Association (KOFIA) will go all out to minimize any adverse effects on the South Korean financial market from an anti...

South Korean central bank not to increase gold reserves

South Korea’s central bank does not plan to buy more gold for its foreign exchange reserves, although the monetary authority has not purchased...

Woori Financial to bolster private banking service: chairman

Woori Financial Group, South Korea’s fourth-largest financial holding company, will reinforce its wealth management service for high-net-worth...

Celltrion Holdings eyes Nasdaq IPO by early 2025: chairman

South Korean biosimilar giant Celltrion Group is planning to debut on the Nasdaq market by early 2025, founder and Chairman Seo Jung-jin said at the...

OCI-Hanmi merger to create Korea’s Bayer: OCI Chairman

Merging into one team, OCI Group and Hanmi Pharmaceutical Group will leap forward to be a global novel drug manufacturing and biotechnology innova...

Samsung heirs tap $2.1 bn block sale for inheritance taxes

The heirs of late Samsung Group Chairman Lee Kun-hee are seeking to sell their shares in Samsung Electronics Co. and other Samsung affiliates worth ...

POSCO Holdings’ Chairman Choi to hand over baton

POSCO Holdings Inc.'s Chairman Choi Jeong-woo is not among the company’s next CEO candidates, suggesting Choi will leave the company after ser...

MBK names two partners as vice chairman, vice president

MBK Partners said on Wednesday it has named Moon Joo Ho, partner and head of South Korea for special situations, as the North Asia-focused private e...

Chip cycle hits rock bottom but uncertainty lingers: Chey

The global semiconductor market has hit "rock bottom" but uncertainties remain high amid growing protectionism and lingering concerns about China&rs...

Booyoung Group donates 600 buses to Laos

South Korea’s Booyoung Group donated 600 buses to Laos. According to the group on Thursday, the Chairman of Booyoung Group Lee Joong-Keun, an...

Hankook prepared to defend MBK Partners’ takeover bid: Chairman Cho

Cho Hyun-bum, chairman of Hankook & Company Co., the holding firm of South Korea’s top tire maker Hankook Tire & Technology Co., said ...

Generational shift in SK leadership with chairman’s cousin on front line

SK Group is setting out for a new era, tapping younger leaders in their 40s and 50s to lead South Korea’s second-largest group in its mission ...

South Korea to support urea purchases outside China, boost reserves

The South Korean government plans to offer financial support to domestic companies when they import urea, a substance used in diesel vehicles and fe...

SK Chair Chey calls on cousin for help in group management

SK Group Chairman Chey Tae-won has called on his cousin to help in the management of South Korea’s No. 2 conglomerate as it faces the challeng...

Samsung names new smartphone, TV platform head

Samsung Electronics Co. has promoted Kim Yong-soo, vice president and former Google and Oracle software expert, to lead its smartphone and TV platfo...