Cosmax opens integrated R&D center for bio-material

Cosmax opens integrated R&D center for bio-material

Cosmax Group, South Korea's largest cosmetics manufacturer specializing in original design manufacturing (ODM), announced on Monday that it has la...

Korean LPs seek private equity secondaries amid liquidity crunch

Korean LPs seek private equity secondaries amid liquidity crunch

Secondary strategy is South Korean institutional investors’ top pick for private equity investments for two straight years, a survey showed. Man...

SK Chemicals targets US medical packaging market

SK Chemicals targets US medical packaging market

South Korea's SK Chemicals Co. is targeting the US medical packaging market with its circular recycling materials. Circular recycling is SK Chemical...

SGC eTEC, OCIM to co-work for green biz in Malaysia

SGC eTEC, OCIM to co-work for green biz in Malaysia

South Korea’s SGC eTEC E&C Co. said on Thursday that it signed an agreement with OCIM, OCI Holdings Co. 's Malaysian subsidiary, to join...

Hana Bank at record profit; office bets hit Hana Securities

Hana Bank at record profit; office bets hit Hana Securities

South Korea’s Hana Financial Group on Wednesday reported a dip in net profit in 2023, with record earnings at its flagship Hana Bank offset by...

Korean LPs eye industrial, logistics amid e-commerce growth

Korean LPs eye industrial, logistics amid e-commerce growth

Global real estate will be the least-chosen asset class for South Korean institutional investors this year, according to a recent survey. Despite curr...

Amorepacific's profit halves on weak sales in China; shares drop

Amorepacific's profit halves on weak sales in China; shares drop

South Korean cosmetics giant Amorepacific Group's stock closed at 3,400 won ($2.6) on Wednesday, down 12.1% after the group announced disappointing ...

AliExpress’ zero-commission offer jolts Coupang, Naver

AliExpress’ zero-commission offer jolts Coupang, Naver

AliExpress, an e-commerce arm of China’s Alibaba Group, has offered Korean companies zero commissions, under which it will not charge a sales ...

S.Korea’s duty-free industry going downhill

S.Korea’s duty-free industry going downhill

The South Korean travel retail industry, once considered the country’s golden goose, is forced to streamline operations given no signs of a dr...

Lotte Group Chairman says to sell ailing units for new biz: report

Lotte Group Chairman says to sell ailing units for new biz: report

Lotte Group plans to sell ailing units as the South Korean retail-to-chemical conglomerate is shifting its focus to new growth sectors such as bio, ...

Fashion Group Hyungji's profit surges 145% in 2023

Fashion Group Hyungji's profit surges 145% in 2023

South Korea's Fashion Group Hyungji reported on Tuesday a preliminary 30 billion won ($22.5 million) in earnings for 2023, a staggering 145% jump fr...

Govenment calls end to Korean financial group heads' long-serving posts

Govenment calls end to Korean financial group heads' long-serving posts

South Korean financial group chiefs will no longer enjoy automatic term extensions as the government is stepping up pressure on the groups to improv...

LG Elec unveils OLED TV featuring world-renowned AI artist in US

LG Elec unveils OLED TV featuring world-renowned AI artist in US

LG Electronics Inc. collaborated with world-renowned artificial intelligence (AI) artist Stephanie Dinkins to showcase art pieces that explore commu...

Nongshim to open brand zone in Myeongdong, Seoul

Nongshim to open brand zone in Myeongdong, Seoul

South Korean food and beverage giant Nongshim Co. announced on Friday that it will open its brand zone in Myeongdong, Seoul with the domestic street...

Orion, VNUA to team up for potato production

Orion, VNUA to team up for potato production

South Korea’s confectionery and snack maker Orion Corp. announced on Friday that it signed a strategic partnership agreement with the Institut...

Lotte Duty Free, Modetour to co-work for Vietnam tourism

Lotte Duty Free, Modetour to co-work for Vietnam tourism

South Korea's Lotte Duty Free announced on Friday that it has signed a memorandum of understanding (MOU) with Modetour Network Inc. to jointly devel...

SK Group reintroduces Saturday CEO meeting after 20 years

SK Group reintroduces Saturday CEO meeting after 20 years

South Korea’s energy-to-telecom conglomerate SK Group has decided to reintroduce Saturday gatherings of its subsidiaries' chief executives aft...

Korea’s ELS market to stagnate after HSCEI debacle: KOFIA chairman

Korea’s ELS market to stagnate after HSCEI debacle: KOFIA chairman

The Korea Financial Investment Association (KOFIA) will go all out to minimize any adverse effects on the South Korean financial market from an anti...

Daewoo E&C completes India's longest sea bridge

Daewoo E&C completes India's longest sea bridge

Daewoo Engineering & Construction Co. (Daewoo E&C) announced on January 23, 2024, that it has completed the construction of the Mumbai Trans...

Flashlight Capital urges KT&G to sue its directors for negligence

Flashlight Capital urges KT&G to sue its directors for negligence

Singapore-based investment management firm Flashlight Capital Partners Pte. (FCP) has urged South Korean tobacco maker KT&G Corp. to sue its inc...

Lotte Mall West Lake Hanoi cited as a Lotte success story

Lotte Mall West Lake Hanoi cited as a Lotte success story

Lotte Mall West Lake Hanoi, a premium commercial complex, has emerged as a hot spot in Vietnam, hitting the 100 billion won ($74 million) milestone ...

Biopharma M&As: Next big thing for South Korean manufacturers

Biopharma M&As: Next big thing for South Korean manufacturers

When Orion Corp., known for its signature snack cake Choco-Pie, announced a $415 million deal to acquire biotech startup LegoChem Biosciences Inc. l...

Korean banks flock to Poland, Korean Inc.’s new manufacturing hub

Korean banks flock to Poland, Korean Inc.’s new manufacturing hub

South Korean banks are in a race to advance into Poland to support Korean companies rushing to build factories in the new offshore manufacturing hub...

Hyundai Motor Group holds firm as world’s No. 3 carmaker

Hyundai Motor Group holds firm as world’s No. 3 carmaker

South Korea’s Hyundai Motor Group kept its title as the world's third-largest automaker by sales volume for the second straight year in 2023, ...

Tech spies face tougher Korean penalties; 18 years in jail for overseas leaks

Tech spies face tougher Korean penalties; 18 years in jail for overseas leaks

South Korea plans to dole out harsher punishments for industrial espionage, with a proposal to triple the penalty for an overseas leak of national t...

S.Korea’s LS Group wins regulatory nod for securities biz

S.Korea’s LS Group wins regulatory nod for securities biz

South Korea’s electrics components-to-energy conglomerate LS Group is set to start the securities business as it secured regulatory approval t...

Woori Financial to bolster private banking service: chairman

Woori Financial to bolster private banking service: chairman

Woori Financial Group, South Korea’s fourth-largest financial holding company, will reinforce its wealth management service for high-net-worth...

S.Korea’s Hyosung to expand tire cord business to India

S.Korea’s Hyosung to expand tire cord business to India

DAVOS, Switzerland -- Hyosung Group, a South Korean textile-to-chemicals conglomerate, plans to expand its tire cord business to India, the world's ...

Lotte Chem’s sale of Pakistani PTA unit falls through

Lotte Chem’s sale of Pakistani PTA unit falls through

Lotte Chemical Corp.'s plan to sell off its Pakistani PTA subsidiary to local chemicals producer Lucky Core Industries Ltd. has collapsed, a year af...

Billboard to establish subsidiary in S.Korea in June 2024

Billboard to establish subsidiary in S.Korea in June 2024

The globally recognized American music entertainment media brand Billboard, known for its music charts, has announced the launch of its South Korean...

S.Korea’s extra budget approved; IBs lift economic forecast BTS’ Suga, MLB star Chan Ho Park to join Oakland Athletics as shareholders Celltrion secures $730 mn to buy biosimilar unit shares, pursue M&A Korean commercial act revision to drive reevaluation of equities: J.P. Morgan S.Korea to elevate science minister to deputy prime minister to lead in AI race