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

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 ...

SK Geo Centric secures $363 mn in sustainability loans on favorable terms

SK Geo Centric secures $363 mn in sustainability loans on favorable terms

SK Geo Centric Co., a South Korean petrochemical company, said on Tuesday it has secured 475 billion won ($363 million) in sustainability-linked loa...

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

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...

Corporate restructure inevitable at Smilegate as founder faces divorce

Corporate restructure inevitable at Smilegate as founder faces divorce

South Korea's fifth-richest man Kwon Hyuk-bin and his wife Lee Hwa-jin appear to be headed for divorce, according to industry insiders on Monday.&nb...

Korea's SKT aims for $32 bn in corporate value via AI tech by 2026

Korea's SKT aims for $32 bn in corporate value via AI tech by 2026

South Korea’s top mobile carrier SK Telecom Co. is aiming to quadruple its corporate value, currently around 11 trillion won ($7.9 billion), b...

Korea Inc. accumulates cash as economic downturn deepens

Korea Inc. accumulates cash as economic downturn deepens

South Korean companies, led by the country’s most valuable firm Samsung Electronics Co., have rushed to accumulate cash as interest rates kept...

Corporate VC veterans pinpoint their best investments 

Corporate VC veterans pinpoint their best investments 

South Korean conglomerates in recent years have ramped up their investment in startups, yielding positive returns. Hyundai Motor Co. Vice Pre...

Korea's KB Securities to earn market's 1st quadruple crown

Korea's KB Securities to earn market's 1st quadruple crown

In a first for a Korean brokerage, KB Securities has led all major performance categories this year and could achieve the domestic sector's first "q...

Market Kurly drops Market from platform name to expand business scope

Market Kurly drops Market from platform name to expand business scope

South Korea’s Kurly Inc. has changed the name of its grocery delivery service platform Market Kurly to Kurly as part of its corporate strategy...

Dongwon Industries reborn as holdings company after 53 years

Dongwon Industries reborn as holdings company after 53 years

Korea's seafood giant Dongwon Industries on Wednesday said its completed merger with Dongwon Enterprise has given their parent Dongwon Group a new h...

CJ Group reshuffles CEOs with woman at helm of Olive Young

CJ Group reshuffles CEOs with woman at helm of Olive Young

South Korea’s CJ Group carried out a CEO and executive reshuffle on Oct. 24 around two months earlier than previous year-end promotions to imp...

POSCO Holdings' Q3 profit tumbles on steel mill shutdown

POSCO Holdings' Q3 profit tumbles on steel mill shutdown

POSCO Holdings Inc., the holding company of the world’s sixth-largest steel maker, missed market estimates for its quarterly profit as last mo...

POSCO Holdings to invest extra $1.1 billion in Argentine lithium plant

POSCO Holdings to invest extra $1.1 billion in Argentine lithium plant

POSCO Group, which owns South Korea’s largest steelmaker, plans to invest an additional $1.09 billion, or 5 trillion won, in its lithium produ...

Korean corporate bond issuance hits 2022 monthly low in September

Korean corporate bond issuance hits 2022 monthly low in September

South Korean corporate bond issuance in September hit a monthly low this year on souring investor sentiment due to interest rate hikes.Corporate bon...

Korea's data solution provider for small biz becomes unicorn

Korea's data solution provider for small biz becomes unicorn

Korea Credit Data (KCD), a South Korean data solutions provider for small business owners, has become a Korean unicorn, or an unlisted company with ...

NHN Cloud to raise $141 mn from stock issuance

NHN Cloud to raise $141 mn from stock issuance

South Korea’s cloud service provider NHN Cloud Corp. is eyeing 1.1 trillion won ($776 million) corporate value via a new stock issuance, marki...

Sinking won fans doubts over Korea’s economic fundamentals

Sinking won fans doubts over Korea’s economic fundamentals

The tanking South Korean won currency has stoked doubts over the fundamentals of Asia’s fourth-largest economy, although the government contin...

LG Display holds digital art exhibition in London

LG Display holds digital art exhibition in London

South Korea’s LG Display Co. is holding a digital art exhibition in London for works created on its organic light-emitting diode (OLED) panels...

Higher costs, weaker won put Korean firms’ investments on hold

Higher costs, weaker won put Korean firms’ investments on hold

Rising borrowing costs coupled with the weakening local currency are forcing an increasing number of South Korean companies to withdraw or halt thei...

Korea FX authorities, NPS agree on currency swap; won flat

Korea FX authorities, NPS agree on currency swap; won flat

South Korea’s foreign exchange authorities and the state-run National Pension Service (NPS) agreed to open a currency swap line for the first ...

SK's Chey, Zambian president discuss EV battery material deal

SK's Chey, Zambian president discuss EV battery material deal

South Korea’s SK Group Chairman Chey Tae-won has met with Zambian President Hakainde Hichilema to discuss potential mineral deals in core mate...

Internet lender K Bank gets green light for IPO

Internet lender K Bank gets green light for IPO

South Korea’s first internet-only lender K Bank on Tuesday received preliminary approval from the Korea Exchange to go public on the country&r...

SK Broadband develops green, efficient network technology

SK Broadband develops green, efficient network technology

South Korea's internet service provider SK Broadband Co. has developed optical communications technology that simultaneously provides differing degr...

S.Korea cuts US Treasury holding by $18.9 bn in Jan-July

S.Korea cuts US Treasury holding by $18.9 bn in Jan-July

South Korea had sold a net $18.9 billion of US Treasury bonds in the first seven months of this year, data showed, as foreign exchange authorities w...

Growing Korean corporate VCs provide silver lining to startups

Growing Korean corporate VCs provide silver lining to startups

South Korean companies are rushing to set up their own venture capital units, so-called corporate venture capital firms, to seek new growth engines ...

LG Uplus aims to double corporate value via platforms

LG Uplus aims to double corporate value via platforms

LG Uplus Corp., the third-largest mobile carrier in South Korea, is slated to increase its corporate value to 12 trillion won ($8.6 billion) by 2027...

Samsung goes green as it eyes clean tech supremacy across supply chain

Samsung goes green as it eyes clean tech supremacy across supply chain

Samsung Electronics Co., the world’s largest smartphone and memory chipmaker, said on Thursday it is aiming to power its entire operations wit...

BofA names Korean American Mike Joo as head of North America GCIB

BofA names Korean American Mike Joo as head of North America GCIB

Bank of America Corp. has appointed Korean American Mike Joo as its new head of North America global corporate and investment banking (GCIB), accord...

Tumbling Korean won increases corporate debt burden

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...

Gucci to hold Alessandro Michele-directed show at Korean royal palace

Gucci to hold Alessandro Michele-directed show at Korean royal palace

Italian luxury fashion house Gucci will hold a fashion show choreographed by its famous creative director Alessandro Michele at a South Korean royal...

LG links up with Chinese rivals for budget appliance supremacy Mercedes opens world’s 1st Maybach flagship center in Seoul Blackpink's new single Jump tops Spotify daily chart K-content goes cultural: KPop Demon Hunters sparks heritage K-goods craze POSCO supplies HIC-resistant steel for Aramco’s Fadhili gas plant