SM Group to buy HMM but not for over $3.5 bn: SM Chair Woo

SM Group to buy HMM but not for over $3.5 bn: SM Chair Woo

SM Group has enough financial ammunition to buy the country’s No. 1 container shipping line HMM Co. but would not join the bid for the latter&...

KKR leads $190 mn Series C funding of fashion platform Musinsa

KKR leads $190 mn Series C funding of fashion platform Musinsa

South Korea’s leading fashion platform Musinsa said on Wednesday it has attracted 240 billion won ($189.7 million) in its Series C funding rou...

KHNP develops world's first accident monitoring system for nuclear reactors

KHNP develops world's first accident monitoring system for nuclear reactors

Korea Hydro & Nuclear Power (KHNP) announced on Wednesday that it has successfully developed the Technical Specification Operator Support System...

GM Korea releases new Trailblazer geared for S.Korean market

GM Korea releases new Trailblazer geared for S.Korean market

General Motors (GM) Korea on Wednesday launched the domestic sale of its new model of the small SUV Trailblazer customized for the South Korean mark...

Hanwha Q Cells pursues next-gen energy solutions other than solar

Hanwha Q Cells pursues next-gen energy solutions other than solar

Lee Koo-yung, CEO of the solar power unit Qcells Division (Hanwha Q Cells) of South Korea's Hanwha Solutions Corp., on Monday said, "We will go beyo...

Lotte Group's Shin stresses unlearning as key to innovation

Lotte Group's Shin stresses unlearning as key to innovation

Disregarding existing ways and being open to new opportunities are challenging in South Korea’s large conglomerates, where a strict corporate ...

South Korea's whisky imports surge 50% to record high

South Korea's whisky imports surge 50% to record high

South Korea's whisky imports surged by 50% in the first half of 2023, reaching an unprecedented peak, according to trade data the Korea Customs Serv...

S.Korea files to revoke PCA ruling in favor of Elliott

S.Korea files to revoke PCA ruling in favor of Elliott

South Korea has decided to challenge an international arbitration tribunal’s decision a month ago ordering the Korean government to compensate...

EcoPro, Hanwha Ocean, JYP among top MSCI inclusion candidates

EcoPro, Hanwha Ocean, JYP among top MSCI inclusion candidates

EcoPro Co., Hanwha Ocean Co., JYP Entertainment Corp. and Kumyang Co. are the top candidates for inclusion in the MSCI Korea Index when the global s...

Tepid luxury sales widen gap between favorite and less-favored brands

Tepid luxury sales widen gap between favorite and less-favored brands

The economic slowdown may have diminished South Koreans’ appetite for foreign designer goods, but that doesn't mean they've closed their walle...

Korea Zinc likely to supply copper foil to LG Energy for EV batteries

Korea Zinc likely to supply copper foil to LG Energy for EV batteries

Korea Zinc Co., the world’s largest zinc and lead smelter, will likely start supplying copper foil, a key battery component, to LG Energy Solu...

S.Korea’s car exports hit H1 record high on brisk EV sales

S.Korea’s car exports hit H1 record high on brisk EV sales

South Korea’s automobile export value in the first six months of this year hit the highest-ever $35.7 billion for a half-year period, mainly d...

Blackpink YouTube exceeds 90 mn subscribers

Blackpink YouTube exceeds 90 mn subscribers

K-pop girl group Blackpink's official YouTube channel subscribers surpassed 90 million on July 17 at 5:36 a.m., according to YG Entertainment Inc.Th...

S.Korea-Japan flights outpace Gimpo-Jeju in H1 2023

S.Korea-Japan flights outpace Gimpo-Jeju in H1 2023

As Japan eased its border restrictions at the end of last year, the number of passengers on routes between South Korea and Japan in the first half o...

KKR Co-CEO Joe Bae meets NPS, KIC execs in S.Korea

KKR Co-CEO Joe Bae meets NPS, KIC execs in S.Korea

KKR Co. Co-Chief Executive Joseph Bae made a visit to South Korea last week to meet with senior managers of the country’s top limited partners...

Korea Investment 1st Korean broker to sell samurai bonds

Korea Investment 1st Korean broker to sell samurai bonds

Korea Investment & Securities Co. on Friday became the first South Korean brokerage company to sell samurai bonds, raising 20 billion yen ($145 ...

Korea Zinc ties up with SK, Hanwha for Aussie green ammonia

Korea Zinc ties up with SK, Hanwha for Aussie green ammonia

Korea Zinc Inc., the world’s largest lead and zinc smelter, has joined hands with SK Gas Ltd. and Hanwha Impact Corp. for the green ammonia bu...

Tinder owner Match Group taps Sam Ahn as Asia's chief innovation officer

Tinder owner Match Group taps Sam Ahn as Asia's chief innovation officer

Match Group Inc., operating online dating and chat platforms like Tinder, Hinge and OkCupid in some 40 languages, has appointed its subsidiary Hyper...

Michael Jordan's Steakhouse to open in S.Korea

Michael Jordan's Steakhouse to open in S.Korea

Mohegan Inspire entertainment resort, which plans to be built near Incheon International Airport, will feature a restaurant and bar named after "His...

SK Group chair sees semiconductor rebound in 6 mths to 1 yr

SK Group chair sees semiconductor rebound in 6 mths to 1 yr

The semiconductor industry may be at the bottom of its cycle and is likely to turn around in six months to one year, in tandem with an expected econ...

Hyundai E&C to commercialize CCS for the first time in S.Korea

Hyundai E&C to commercialize CCS for the first time in S.Korea

South Korea's Hyundai Engineering & Construction announced that it has won the contract for the preliminary front-end engineering and design (Pr...

Korea's IPO market heats up with higher price cap for new stocks

Korea's IPO market heats up with higher price cap for new stocks

South Korea’s initial public offering market is heating up with some 30 firms set for new share subscriptions in July and August, more than su...

Samsung launches 98-inch Neo QLED 8K in S.Korea

Samsung launches 98-inch Neo QLED 8K in S.Korea

Samsung Electronics Co. announced on Thursday that it launches a new 98-inch Neo QLED 8K TV in South Korea. The new model is part of Samsung's effor...

S&P expects BOK to cut rate by 100 bps in 2024 for growth

S&P expects BOK to cut rate by 100 bps in 2024 for growth

South Korea’s central bank is expected to cut its policy interest rate by one percentage point next year with inflationary pressure easing fur...

Secondhand LNG carrier prices hit record high; prospects rosy

Secondhand LNG carrier prices hit record high; prospects rosy

Prices of secondhand liquefied natural gas (LNG) carriers are flying high, close to new LNG ship prices, amid tighter environmental regulations and ...

Starbucks to offer super-size Trenta drinks in S.Korea

Starbucks to offer super-size Trenta drinks in S.Korea

Starbucks will roll out its biggest size for iced drinks, the Trenta, next week in South Korea, which was chosen as its first overseas market to int...

Hanwha Ocean succeeds in localizing key submarine acoustic equipment

Hanwha Ocean succeeds in localizing key submarine acoustic equipment

South Korea's Hanwha Ocean Co. has successfully achieved the localization of key acoustic equipment for submarines. The company has replaced equipme...

Go bolder with regulatory reform to foster unicorns in Korea: KERI

Go bolder with regulatory reform to foster unicorns in Korea: KERI

Regulatory reform is still slow in South Korea, obstructing innovation in technologies and industries, and the government must take bolder action to...

SK Telecom, Hana Financial Group jointly nurture AI startups

SK Telecom, Hana Financial Group jointly nurture AI startups

SK Telecom Co. and Hana Financial Group are strengthening their collaboration in the field of artificial intelligence (AI). They are jointly fosteri...

Shrinking youth jobs cast shadow over S.Korea’s labor market

Shrinking youth jobs cast shadow over S.Korea’s  labor market

Employment in South Korea extended its growth streak in June but its gains slowed for the third straight month, with youth jobs declining for eight ...

Hyundai Glovis charts new waters with world’s first AI-driven self-sailing car carrier fleet Korea’s game studios rebrand as AI tech firms, move into fashion, robotics, media Return of the K-pop queens: Blackpink, Twice power up YG, JYP Samsung to launch AI health coach beta in US by end-2025 South Korea moves to mandate treasury share cancellation