S.Korea business lobby group regrets past political role

The Federation of Korean Industries (FKI) on Thursday said it deeply regretted the political role it took in the previous governments and vowed to b...

Korea's E-Mart shares tumble despite push for profitability

South Korea’s largest hypermarket chain E-Mart Inc., a unit of a local retail giant Shinsegae Group, suffered a drop in its share prices to a ...

Amkor to top semiconductor packaging sector with better tech

Amkor Technology Inc., the world’s No. 2 semiconductor packaging company, aims to take the sector throne by improving technology competitivene...

SK, Hana Financial groups to jointly develop credit rating model

South Korea’s SK Group and Hana Financial Group are jointly developing a next-generation credit rating model for the financially disadvantaged...

Mirae Asset Securities acquires European ETF market maker GHCO

Mirae Asset Securities UK, the UK corporation of South Korea's Mirae Asset Securities, announced on Monday that it has acquired GHCO, a market-makin...

YG’s new girl group lifts stock price to decade high

YG Entertainment Inc., the K-pop label behind global sensation Blackpink, saw its stock hitting the highest point in more than 10 years as a new gro...

Doosan begins pre-IPO funding round for US fuel cell unit HyAxiom

Doosan Corp., the holding company of South Korean plant-to-machinery conglomerate Doosan Group, is slated to attract $200 million for its hydrogen f...

LG Electronics' German affiliate gets partner for vehicle front development

ZKW Group of Germany, an automotive lighting and headlight affiliate of LG Electronics Inc., on Thursday said it signed a memorandum of understandin...

Mirae Asset Securities joins Singapore Exchange's trading membership

South Korea's Mirae Asset Securities has made history as the first Korean financial investment firm to join the Singapore Exchange's (SGX) trading...

Korean app market One Store to raise $151 mn for Kiwoom's exit

One Store Co., a South Korean homegrown app store, is slated to attract more than 200 billion won ($151.3 million) as its 100 billion won loan, whic...

Hyundai Rotem, Hana Bank to promote private railway project

Hyundai Rotem Co., a South Korean railway system maker under Hyundai Motor Group, announced on Monday that it has signed an infrastructure fund inve...

S.Korean green bonds draw strong demand amid ESG fever

South Korean green bonds eligible for government support enjoyed robust demand despite lower yields, as investors upgraded environmental, social, ...

LS Group opens LS Dream Center in Hanoi for Korean-Vietnamese families

South Korea's LS Group said on Thursday that it has partnered with a domestic non-government organization (NGO) Cooperation and Participation in Ove...

LG Chem in talks with Glenwood to sell off diagnostics unit

LG Chem Ltd. is slated for exclusive talks with Seoul-based Glenwood Private Equity to sell off its in vitro diagnostics business, according to biop...

Meritz emerges fast to take on South Korea’s big financial companies

Back in the early 2000s, Meritz was an obscure, lesser-known insurance-related company in South Korea’s financial arena.Part of Hanjin Group, ...

Korea's Kakao Pay to buy 51% of US financial firm Siebert

Kakao Pay Corp., the mobile payment and digital wallet service unit of South Korean tech giant Kakao Corp., announced on Thursday it has signed an a...

Dongwon Group drops bid to take over McDonald’s Korea

Dongwon Group has canceled its bid to take over McDonald's franchise in South Korea."We reviewed the takeover of McDonald's Korea but our conclusion...

BTS Forest created in Seoul by fans' donations

“BTS Forest” has been created in Seoul’s Nanji Hangang Park, South Korea’s largest music streaming service Melon announced o...

Hyundai Motor to pay quarterly dividends with record Q1 profit

Hyundai Motor Co. on Tuesday reported its largest-ever quarterly profit, which soared a whopping 86.3% from a year earlier, while unveiling a plan t...

S.Korea’s Woori Financial profit up on interest rate margins

Woori Financial Group, South Korea’s fourth-largest financial holding company, logged growth in a quarterly net profit as larger interest rate...

Korean E-Land unites fast fashion units for China biz growth

South Korea’s major retailer E-Land Group has consolidated one of its fast fashion brand's operations at home and in China to accelerate growt...

Dongwon Group to establishe new corporation for auto parts logistics

South Korea's Dongwon Group announced on Monday that it will launch a new corporation called "Next Lo Co." on May 1 to strengthen the competitivenes...

Hyundai ties up with LG, SK for $5.3 bn US EV cell plants

Hyundai Motor Group, the leading South Korean automaker, has joined hands with LG Energy Solution Ltd. and its smaller rival SK On Co. to build elec...

POSCO Holdings opens new R&D center in Pohang

POSCO Holdings said on Thursday that it has opened a headquarters for POSCO N.EX.T Hub, which will lead the R&D efforts for the entire POSCO G...

SK Telecom, SNU Hospital to develop AI diagnosis tool for autism

South Korea's top mobile carrier SK Telecom Co. and Seoul National University Hospital have developed an AI-powered diagnosis tool for the early det...

KCCI, Seoul Japan Club forms economic study group

South Korean and Japanese businesspeople form a study group to strengthen economic cooperation between the two countries.The Korea Chamber of Commer...

K-pop group Astro's Moonbin found dead in his apartment

Moonbin, a member of K-pop group Astro, has died, South Korean police said on Thursday.According to the police and the music industry, his manager f...

Shinhan Financial Chairman to hold overseas IR in Japan

Shinhan Financial Group's Chairman Jin Ok-dong is set to embark on his first overseas business trip since taking office as chairman last month. From...

POSCO Group chairman presides over World Steel Association meeting

Choi Jeong-woo, Chairman of POSCO Group and the World Steel Association, attended the association's first half-regular meeting held in Vienna, Austr...

SK Telecom enters next-generation broadcasting platform market in US

South Korea's SK Telecom Co. said on Tuesday that it will sell a next-generation broadcast platform, utilizing mobile edge computing (MEC) technolog...