Tumbling Korean won increases corporate debt burden

The South Korean won extended its losses to hit its weakest level since the 2008-09 global financial crisis on Wednesday, pressured by higher-than-e...

Corporate sponsors focus on luxury at Seoul's first Frieze Art Fair

With just three days before the world-renowned Frieze Art Fair launches its inaugural event in Seoul, corporate sponsors are duking it out to outs...

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...

LG CNS posts double-digit profit growth ahead of 2023 IPO

South Korea's largest cloud computing service provider LG CNS Co. on Tuesday reported double-digit growth in both profit and revenue in the second q...

Samsung Group to speed up corporate governance reform

Samsung Group, South Korea’s largest conglomerate, is expected to accelerate the restructuring of its corporate governance to help Vice Chairm...

Conglomerates lead loan growth to record high in July

South Korea's large business groups led a sharp increase in bank lending in July, driving the corporate bank loan growth to a record high, central b...

US private equity giant Apollo making inroads into Korea

Apollo Global Management Inc., a US private equity powerhouse, is set to launch a credit business in South Korea, aiming for the local private lendi...

US private equity giant Apollo to make inroads into Korea

Apollo Global Management Inc., a US private equity powerhouse, is set to start the credit business in South Korea, aiming for the local private lend...

KIC taps investment strategy head Lee Hoon as CIO

Korea Investment Corporation (KIC) is set to appoint Lee Hoon, the senior managing director and head of the investment strategy & innovation d...

Corporate Korea pumps the brakes on developer pay hikes 

South Korea’s biggest technology companies are taking a breather from their spending spree on hiring and retaining top developers, which has b...

Korean smartphone parts makers' stocks rebound in July

South Korea’s smartphone parts makers' shares are showing signs of a rebound following a steady decline since early this year. China’s s...

Korea's top mobile game Odin creator Lionheart eyes IPO in H2

Lionheart Studio Corp., South Korea’s leading game developer behind the mobile game Odin, has begun the process to go public with its July 22 ...

Samsung Elec. to launch Korea's first dual SIM smartphones in August

Samsung Electronics Co. is slated to enable embedded subscriber identity modules (eSIMs) into its new foldable smartphones available in South Korea ...

Korean companies' net issuance of bonds in H1 hits six-year low

South Korea’s net issuance of corporate bonds during the first half of 2022 was its lowest in six years, according to Korea Financial Investme...

Samsung aims to replicate Galaxy success with Bespoke home appliances

Samsung Electronics Co. aims to replicate the success of its Galaxy series of smartphones with other home appliances sold under its premium Bespoke ...

POSCO Group looks to treble corporate value by 2030

South Korea’s POSCO Group will invest 53 trillion won ($42 billion) by 2026 primarily in its steel, rechargeable battery materials and hydroge...

Humbling experience leads to VC success ⁠– LG Tech Ventures CEO

Kim Dong-su, CEO of Silicon Valley-based LG Technology Ventures said that the failures he experienced while working at a boutique investment firm ha...

Winia Electronics sharpens marketing efforts in Mexico

Winia Electronics Co., a medium-sized South Korean consumer electronics company, is the top microwave brand in Mexico. It is a little-known fact tha...

Korean companies rapidly embrace ESG in management standards

South Korea’s big companies are rapidly embracing environmental, social and governance (ESG) standards by launching a dedicated ESG team to me...

Samsung to make mobile AP chip dedicated to Galaxy smartphones

Samsung Electronics Co. is working on a mobile application processor chip, which will be used exclusively for its flagship Galaxy smartphone series ...

Global pension funds veto more of Korean firms' agendas

Global pension funds are expanding their influence as key shareholders of major companies in South Korea. Some of the world’s largest pensio...

Slack gains more than 1,000 clients in S.Korea in just two years 

The seven hottest tech companies and startups in South Korea earned a new nickname, a word combining their first syllables. What they also have in c...

Korea’s Q1 facility investment cut in half, spooked by macroeconomic risks

South Korea’s major companies are drastically cutting their capital spending as heightened macroeconomic risks coupled with growing external u...

Korea firms reconsider bond sale plans on surging yields

South Korean companies are hesitating to raise funds on surging corporate bond yields. More firms are repaying existing debt and have postponed new ...

Samsung launches LTE-only Galaxy A23 to target low-end market

Samsung Electronics Co. on Friday launched the 4G LTE Galaxy A23 smartphone, a cheaper version of its flagship Galaxy A series models, targeting the...

Samsung Galaxy A series: Budget smartphone with advanced features

Samsung Electronics Co. has unveiled two new Galaxy A series models, targeting price-conscious customers looking for affordable smartphones packed w...

Millennial woman takes reins as Naver CEO

South Korea's dominant online platform Naver Corp. on Monday entered a new chapter in its 22-year history under a new millennial leader, whose prior...

POSCO launches holding firm to develop non-steel biz

POSCO, the world’s sixth-largest steelmaker, on Wednesday launched a holding company to develop the group into an eco-friendly future material...

Korea corporate borrowing costs jump to 8-year peaks

South Korean companies suffered from surging financing costs as corporate bond yields shot to eight-year highs. Affiliates of major conglomerates wi...

Samsung’s Galaxy S22 Ultra: Setting new smartphone standard

Samsung Electronics Co. on Wednesday announced new additions to its Galaxy S series models as the world’s top smartphone maker by volume faces...