Korea’s top four financial holding firms post stellar Q2 profit on won, non-interest gains

South Korea’s four largest financial holding groups posted stellar profits in the second quarter, bolstered by a sharp increase in non-interes...

S.Korea’s ruling party gears up for won-based stablecoin legislation

South Korea’s push to launch won-based stablecoins is taking shape as the ruling Democratic Party unveiled proposed legislation to promote cry...

Olive Young, a must-stop for foreign visitors to South Korea

For many foreign visitors to South Korea, a trip to the beauty retailer Olive Young is as essential as sampling kimchi or touring Gyeongbokgung Pala...

Glass Skin boom: Why Seoul’s interactive beauty clinics are hottest stop for foreign tourists

On a recent morning in Seoul’s hip Seongsu neighborhood, a line of eager foreign tourists snaked around the corner of CJ Olive Young Corp.&rsq...

Kakao Pay backs out of acquisition deal for Shinsegae’s SSG Pay, Smile Pay

Kakao Pay Corp., the mobile payment and digital wallet service unit of South Korean tech giant Kakao Corp., has pulled out of a deal to acquire two ...

K-beauty craze sends Olive Young online sales to new heights

CJ Olive Young Corp., South Korea’s top beauty store chain, is another beneficiary of the global K-beauty surge, with its online cosmetics sal...

With waning MZ interest, is heyday over for S.Korea’s golf apparel market?

South Korea’s once-dominant golf apparel market, the largest in the world at its peak, is rapidly losing steam, as sales tumble and brands scr...

South Korea’s Lee completes cabinet lineup with IT executive, lawmaker

South Korean President Lee Jae Myung has tapped an information technology firm executive as culture minister and a ruling party lawmaker as land min...

South Korean airlines bank on China routes for profit recovery

South Korean airlines are ramping up international routes, particularly to China, Japan and Southeast Asian countries, in a bid to boost profitabili...

IMM Credit closes $700 mn blind credit fund backed by NPS

IMM Credit & Solutions Inc. (ICS), the private credit unit of South Korea’s major investment firm IMM Holdings Inc., has raised nearly 1 t...

Samsung’s Q2 operating profit halves amid sluggish chip sales

Samsung Electronics Co.'s operating profit in the second quarter missed market expectations, with a 56% on-year fall, as its mainstay semiconductor ...

Hong Kong-based CLSA to invest $36.6 mn in K-Beauty pioneer Jungsaemmool Beauty

Hong Kong-based private equity firm CLSA Capital Partners Ltd. has been picked as a preferred bidder to invest 50 billion won ($36.6 million) in Jun...

S.Korea’s extra budget approved; IBs lift economic forecast

South Korea’s National Assembly, controlled by the ruling Democratic Party, on Friday passed the country’s new extra budget worth 31.8 t...

Allianz-backed Koh Young’s brain surgery robot set for US debut by end-August

Koh Young Technology Inc., a South Korean developer of 3D optical inspection devices used in electronics manufacturing, is set to install its brain ...

Samsung Asset leads H1 AUM rankings amid ETF boom

South Korea’s asset management industry posted stellar growth in the first half of 2025, buoyed by a 28% surge in the country’s benchmar...

Hanwha acquires Indonesian bank, first foreign banking venture by Korean insurer

Hanwha Life Insurance Co. has become the first South Korean insurance firm to advance into the overseas banking sector by securing a controlling sta...

GEPS taps former KB Asset chief risk officer as new CIO

South Korea’s Government Employees Pension Service (GEPS) on Wednesday appointed Sohn Young-jin, former head of risk management at KB Asset Ma...

S.Korea's stablecoin frenzy fuels stock rally despite regulatory uncertainty

A wave of speculative fervor surrounding won-based stablecoins is sweeping South Korea’s equity markets, with nearly half of the top 30 perfor...

SK Hynix joins Samsung in 200 trillion won market cap club

SK Hynix Inc. surpassed 200 trillion won ($147 billion) in market capitalization on Tuesday, becoming the second Korean stock in history to cross th...

Even barcodes copied: Counterfeits invasion threatens K-brands

Counterfeit Korean beauty, fashion and food products are surging on overseas e-commerce platforms, with lookalike packaging making them hard to dist...

KakaoBank rallies after winning Thai virtual banking license

Shares in KakaoBank Corp. soared as much as 17% to hit their highest level in nearly three years on Friday after the South Korean internet-only bank...

South Korea unveils $14.6 billion 2nd extra budget to spur growth

South Korea’s new administration on Thursday proposed an additional 20.2 trillion won ($14.6 billion) extra government spending to stimulate d...

South Korea accelerates stablecoin framework amid global race

Just one week after electing President Lee Jae-myung, an apparent backer of stablecoin adoption, South Korea is swiftly moving to clear the path for...

GIC resumes Seoul Finance Center sale in major Korean property deal

Singapore’s sovereign wealth fund GIC is resuming the sale of Seoul Finance Center, a landmark office tower in Seoul's central business distri...

Markets in honeymoon with Lee: Kospi, won rally; bond yields spike

South Korea’s financial markets showed strong gains on Thursday, with shares surging to an 11-month high and the won hitting a seven-month hig...

Liberal Lee Jae-myung wins election as South Korean president

South Korea’s liberal politician Lee Jae-myung has been elected the country's next president. Lee has pledged to revive Asia’s fourth-la...

Shinhan expands global IR push to woo foreign investors

Shinhan Financial Group Co. is stepping up efforts to attract foreign investors with back-to-back global investor relations (IR) campaigns, as South...

HD Hyundai Group joins S.Korea’s 100 trillion won market cap club

South Korean shipbuilding conglomerate HD Hyundai Group has joined South Korea’s elite club of conglomerates with a market capitalization exce...

Cushman & Wakefield, Avison Young to lead Orange Center sale in Seoul

Cushman & Wakefield and Avison Young have been appointed to oversee the sale of Orange Center, a prime office tower in Seoul’s central bus...

Kumho Tire shuts Gwangju plant after fire, derailing record sales run

Kumho Tire Co. has suspended all operations at its Gwangju plant in South Korea after a fire destroyed 50-60% of the production lines in one of its ...