Samsung Galaxy S23 to land in Japan to take on iPhone

Samsung Electronics Co., the world’s top smartphone maker, will launch its flagship Galaxy S23 series in Japan later this month to compete wit...

NongHyup opens office in Vietnam to strengthen K-food exports

South Korea's NongHyup, or the National Agricultural Cooperative Federation, announced on Wednesday that it has opened an office in Vietnam with pla...

Macquarie to buy Lotte’s S.Korean transportation card unit

Macquarie Asset Management, part of Australian investment bank Macquarie Group, is set to buy Loca Mobility Corp., Lotte Card Co.’s subsidiary...

KCGI’s ascent to intensify family feud over DB control; DB stocks rally

A sibling feud over management control of DB Group is expected to intensify following the ascent of South Korean activist fund Korea Corporate Gover...

Robot dog Spot joins in S.Korea’s World Expo bid efforts

Spot, a dog-like robot developed by South Korea’s top automaker Hyundai Motor-owned Boston Dynamics Inc., has joined in the country’s bi...

LG Energy tops global EV battery market excluding China

South Korea's LG Energy Solution Ltd. in January and February maintained its No. 1 position on the global market for electric vehicle (EV) batteries...

S.Korean activist fund KCGI eyes foundry DB HiTek buyout

Korea Corporate Governance Improvement Fund (KCGI) is eyeing a controlling stake in DB HiTek Co. as the activist fund became the second-largest shar...

Hyundai Mipo wins $184 mn order four mid-sized PC carriers

Hyundai Mipo Dockyard Co., a subsidiary of HD Hyundai Group's shipbuilding division, has secured a construction contract for four medium-sized PC (p...

JB Financial wins proxy fight against activist fund Align Partners

South Korea’s JB Financial Group Co. won a proxy battle against local activist fund Align Partners Capital Management on dividends and nominat...

SK Innovation may give shareholders SK On shares at IPO

SK Innovation Co. is set to consider providing stocks of its electric vehicle battery subsidiary to its shareholders when SK On Co., the world&rsquo...

S.Korea's exports of instant noodles exceed $800 mn mark in 2022

South Korea's exports of instant noodles such as ramen last year exceeded $800 million to break an all-time record.Export data released on Thursday ...

Kolon Pharma to merge with anti-cancer drug developer Platbio

Kolon Pharma, the pharmaceutical affiliate of South Korea's Kolon Group, is merging with anti-cancer drug developer Platbio to advance the developme...

Glass Lewis votes for Tcha Partners' proposal to change Namyang auditor

Global proxy advisory giant Glass, Lewis & Co. has voted for three out of the four proposals made by Seoul-based Tcha Partners Asset Management ...

Hanjin launches global C2C purchase platform Hoot Town

Hanjin Transportation, a logistics and B2B/B2C delivery business subsidiary of South Korea’s Hanjin Group, has launched Hoot Town, a global co...

Samsung, SK seek dialogue with China at Boao Forum

BEIJING – The Boao Forum for Asia (BFA) is expected to serve as a venue for the world’s two largest memory chipmakers -- Samsung Electro...

CGBio inks export deal for hyaluronic acid fillers with Chinese distributor

CGBio, a South Korean bio-regenerative medical company, has signed an export deal with Shanghai Feiting Trading Co., a Chinese medical device distri...

OCI to expand polysilicon line, buy back shares to boost corporate value

OCI Co., a leading South Korean chemical and green energy company, plans to significantly increase the size of its upcoming share buyback and cancel...

SK sells US car-sharing firm Turo stake to earn over $32 mn

South Korea’s second-largest conglomerate SK Group exited from Turo, the US top peer-to-peer car-sharing company, to make an estimated return ...

Hyundai Asan to sell $30.7 million worth of shares for capital restructuring

Hyundai Asan Co. under South Korean conglomerate Hyundai Group will raise 40 billion won ($30.7 million) in its seventh share sale since it was forc...

Qoo10 to buy another Korean rival for unit’s Nasdaq listing

Southeast Asia-based e-commerce platform Qoo10 Pte. Ltd. is poised to take over a smaller South Korean rival through a stock swap deal, in a bid to ...

Hyundai to boost India presence via takeover of GM plant

Hyundai Motor Co., the leading South Korean carmaker, is set to expand its presence in India with a takeover of General Motors Co.’s plant in ...

Kakao, HYBE shares rally on reconciliation but SM shares tank

Investors welcomed the end of a fierce month-long battle between HYBE Co. and Kakao Corp. over control of South Korea’s K-pop pioneer SM Enter...

HYBE withdraws bid for SM in $1 bn battle with Kakao

South Korea's HYBE Co., the company behind the global sensation BTS, said on Sunday it has decided to pull out of the face-off with Kakao Corp. for ...

Foreign investors net buyers of Korean stocks for 5th straight month

Foreign investors bought more South Korean stocks in February, extending their buying spree to five months.The Financial Supervisory Service of Kore...

Will SM shares’ bull run foil Kakao’s takeover attempt?

The bull run in shares of SM Entertainment Co. may deal a heavy blow to Kakao Corp. ’s 1.25-trillion-won ($950 million) takeover bid for the K...

Hyundai eyes greater SUV market share with new Kona EV

Hyundai Motor Co. on Tuesday unveiled the all-new Kona Electric, its first fully revamped compact sport utility vehicle in five years, as the top So...

Kakao to launch takeover bid for SM to counter HYBE

Kakao Corp., South Korea’s dominant mobile platform, will launch a takeover bid for SM Entertainment Co., according to people with knowledge o...

HYBE barely ups SM stake in tender offer amid tensions with Kakao

HYBE Co. has raised its stake in the K-pop pioneer SM Entertainment Co. by merely 0.98% in a tender offer, after just one institution and minority i...

Mirae Asset, music profit-sharing startup take on security token offerings

South Korea's Fingo Company, which runs the music revenue sharing platform Fingo, on Friday said it signed a memorandum of understanding (MOU) with ...

Samsung launches new TV ad campaign in London ahead of global release

Samsung Electronics Co. is ramping up its marketing efforts for its latest line of high-end TVs, including the 2023 Neo QLED 8K model, with a giant ...