K-pop evolves far beyond Korean nationality and language
South Korean music, entertainment and content firms are undergoing a major transformation in their business model. No longer is their discovery of n...
Sixty pct of S.Koreans see their children poorer than parents
Six out of 10 South Koreans believe their children will be financially worse off than their parents, marking the highest number for the country sinc...
Hyundai, Kia US sales slower despite strong growth
Hyundai Motor Group reported a near 30% rise in US sales last month, but the growth is decelerating as the world’s second-largest automobile m...
Seoul to create K-beauty road as part of interactive tourism
South Korea’s capital city Seoul will set up a walking route full of beauty products, services and interactive programs for visiting tourists....
Kolon Industries posts strong Q2 results with growth in all key areas
Kolon Group’s industrial materials maker Kolon Industries Inc. saw a quarterly operating profit over 100 billion won ($87 million) for the fir...
Nexon founder resigns in top management reshuffle
South Korean game company Nexon’s founder Kim Jung-ju has resigned from the chief executive position at NXC Corp., the holding company of Nexo...
Surging battery material costs put roadblock to EV growth
Prices of core raw materials such as lithium and cobalt for electric vehicle (EV) batteries jumped to threaten the global auto industry’s key ...
Strong Korea Q2 growth keeps rate hike stance despite COVID-19 risks
South Korea's economy reported strong growth on healthy private consumption in the second quarter, keeping expectations of an interest rate hike lat...
Korean housing prices soar to $5 tn in Moon admin with record growth
South Korean house prices have risen more during the President Moon Jae-in administration than any other as the current government has focused more ...
Is the KakaoBank IPO too expensive?
Debate is heating up over KakaoBank Corp.’s new share value ahead of an initial public offering of the mobile banking unit of South Korea&rsqu...
Korea Inc. rush to sell property, new shares to fund new business
South Korea’s major companies are rushing to secure cash to fund new business. Some have sold or securitized property, while others issued n...
Investors give warm welcome to Korean firms' capex hike for future growth
Capital raising through new share sales and debt to expand facilities wasn’t good news for investors as the move often led to a fall in share ...
LG Chem to invest $8.7 bn in battery material, renewable, bio sectors
LG Chem Ltd., South Korea’s top chemical maker, said on Wednesday it will invest 10 trillion won ($8.7 billion) in the battery material, renew...
Korea's automobile exports log double-digit growth between Jan and May
Automobile exports log double-digit growth for five straight months In May 2021, exports of automobiles nearly doubled compared to the year-earlier...
LG Electronics sees decent growth in US home appliance business
South Korea’s LG Electronics Inc. expects to post significant revenue growth in its home appliance business in the second quarter, driven by p...
LG invests $88 mn in Kakao Mobility as both seek new growth opportunities
LG Corp., the holding company of South Korea’s fourth-largest conglomerate LG Group, is investing 100 billion won ($88 million) in Kakao Mobil...
Edge computing revolution to fuel Korea’s growth over the next decade
Korea’s leading firms across multiple industries, from consumer electronics to agricultural equipment, are widening the use of edge computing ...
Korea’s art sales set for triple-digit growth in 2021
South Korea’s art market is projected to double or even triple in size this year, thanks to the widening of the customer base across all gener...
Why fast-growing coffee chains fail to get listed in Korea
A Twosome Place has scrapped its initial public offering plans after being touted as the country’s first coffee chain to go public. This has r...
Kolon Industries to lead Kolon Group's remarkable comeback in 2021
Kolon Group is making a remarkable comeback this year to challenge its longtime rival Hyosung Group in future-growth segments including hydrogen. Ac...
Samsung Electronics to market wearable robot for healthcare by year-end
Samsung Electronics Co. will commercialize a wearable robot for healthcare by the end of this year as the South Korean tech giant is delving into th...
Parts maker Mando to split off self-driving operations
Mando Corp., a South Korean auto parts maker under Halla Group, is splitting off the autonomous driving business into a separate entity to sharpen i...
Korea’s bakery franchises target Southeast Asia for growth opportunities
South Korea’s two leading bakery franchise companies are expanding aggressively in Southeast Asia.SPC Group, the operator of Korea’s lar...
Naver-invested startups' combined valuation increases sixfold; tops $1 bn
The combined valuation of some 70 tech startups that received funding from the platform giant Naver Corp. has reached around 1.3 trillion won ...
Kakao just behind rival Naver in market cap, may overtake soon
South Korean mobile platform giant Kakao Corp.’s enterprise value is rising backed by its strong business performance, threatening to overtake...
Chips, autos set S.Korea’s May export growth at fastest pace in 32 years
South Korea’s exports surged to the highest level in over 32 years in May on the back of strong demand for semiconductors and automobiles, rei...
Inside Coupang: Close-knit, challenge-seeking, data-driven
Coupang Corp. has a unique corporate culture for a company headquartered in South Korea. Industry insiders highlight that this uncommon cultur...
SK Innovation eyes strong battery orders after returning to Q1 profit
SK Innovation Co., a major South Korean oil refiner and battery maker, has returned to an operating profit in the first quarter, boosted by gains in...
Korean pharmas may turn into global vaccine makers on Biden remarks
South Korea’s biosimilar and pharmaceutical companies are looking at a growing chance of emerging as a global hub for manufacturing vaccines f...
Amorepacific posts 191.1% growth in Q1 profit, recovers in China
South Korea’s cosmetics giant Amorepacific Group reported a sharp turnaround in revenue and operating profit for the first quarter of 2021.The...
