Koreans' yen savings fall on profit-taking despite BOJ rate hike views
Yen-denominated deposits in South Korea fell in November, dragging down overall foreign-currency savings, as investors took profits from the Japanes...
Korean won seen rebounding after Yoon’s impeachment
The South Korean won is expected to stage a rebound from its two-year low against the US dollar and hold steady in 2025 after the impeachment of Sou...
Asiana Airlines joins Korean Air as subsidiary
Asiana Airlines Inc., one of South Korea’s only two full-service carriers, has passed into history after 36 years of operation to be placed un...
BTS Jin to enter liquor business
BTS Jin plans to enter Korean traditional liquor business with Baek Jong-won, founder and CEO of The Born Korea Co., the entertainment industry sour...
LG CNS to use IPO proceeds to buy foreign IT firm
LG CNS Co., the information technology service unit of South Korea’s LG Group, plans to acquire a foreign IT company with the proceeds from it...
Korean economic policy chiefs play down martial law impact
South Korea’s Finance Minister Choi Sang-mok said on Friday that President Yoon Suk Yeol’s failed martial law attempt will have a very l...
Hyundai, Kia on course for record 2024 US sales, led by SUVs, hybrids
South Korea’s Hyundai Motor Co. and its sister firm Kia Corp. saw their US vehicle sales surge in November, driven by large SUVs, hybrids and ...
S.Korea’s inflation stays at 1% level for 3rd straight month
South Korea’s consumer prices remained steady at the 1% level for the third straight month in November thanks to a drop in oil prices. But eco...
Nongshim captures young consumers in Indonesia
South Korea's instant noodle giant Nongshim Co. said on Tuesday it held Shinsational Day event in Jakarta, Indonesia. On November 15, Nongshim ...
NPS enjoys 9.2% return as of Q3 on bullish US stocks
The National Pension Service (NPS), South Korea’s largest institutional investor, reported a preliminary 9.18% return from investments, equiva...
S.Korea's HJ S&C eyes US Navy MRO market
HJ Shipbuilding & Construction Co. (HJ S&C) said on Wednesday it won a 124.7 billion won ($894 million) contract from the Defense Acquisit...
Celltrion to break ground on CDMO plant in 2025: Chairman Seo
South Korea’s leading biosimilar developer Celltrion Inc. will break ground on its first contract development and manufacturing organization (...
Eximbank of Korea to commit $143 mn to 4 Korean PEs
IMM Investment, Korea Investment Private Equity (PE), Corstone Asia, and Paratus Investment have been selected for the Export-Import Bank of Korea's...
Must Asset calls on Young Poong to take steps to boost shareholder value
South Korea’s Young Poong Corp., embroiled in a fierce management control dispute with Korea Zinc Inc., is now the target of an activist fund ...
Hanwha Ocean, HD Hyundai reconcile, look to joint overseas warship bids
South Korea’s two warship builders – HD Hyundai Heavy Industries Co. and Hanwha Ocean Co. – have agreed to bury the hatchet and jo...
HiteJinro sees annual soju exports to Cambodia grow 31%
HiteJinro Co., South Korea’s leading soju maker, resumed its Jinro EDM Festival at Cambodia’s Bon Om Tuk water festival after a four-y...
MBK Partners’ 6th buyout fund raises $5 bn at 2nd close
MBK Partners, a North Asia-focused private equity firm, has completed the second closing of its sixth buyout fund at $5 billion, on course to reach ...
South Korea approves Korea Zinc’s precursor as national core technology
South Korea has designated Korea Zinc Inc.'s precursor manufacturing process as a national core technology and advanced industrial technology, effec...
Samsung vows to regain chip lead with new R&D center
Samsung Electronics Co. is pinning its hopes on its new research and development complex, which will cost the company 20 trillion won ($14.4 billion...
Korea’s SK Siltron receives $544 mn loan from DOE for wafer investment
South Korea’s SK Siltron Co. has secured a $544 million loan from the US Department of Energy (DOE) to invest in a high-quality silicon carbid...
S.Korea mulls fines on Barclays, Citi for short-sale violations
South Korea’s financial authorities are considering fining British multinational investment bank Barclays plc and US investment banking group ...
Loss-making Pizza Hut Korea files for rehabilitation
Money-losing Pizza Hut Korea Ltd., the Korean master franchisee of the giant US pizza franchisor, has filed for corporate rehabilitation in Seoul in...
Volpara to supply breast cancer SW to US Defense Health Agency
Lunit, a South Korean cancer diagnostics AI company, said on Monday its US subsidiary Volpara Health secured a 10 billion won ($7.5 million) contr...
NPS commits $436 mn to Koramco, Hana Alternative for real estate lending
The National Pension Service (NPS), South Korea’s largest institutional investor, has selected Koramco Asset Management Co. and Hana Alternati...
Kia eyes rosier 2024 after record-high Q3; Hyundai Mobis’ OP up 32%
Kia Corp., South Korea’s No. 2 carmaker after Hyundai Motor Co., presented a brighter outlook for this year after posting record-high operatin...
Korea Zinc takes control of key shareholder in management feud with MBK
Korea Zinc Inc. succeeded in taking control of Young Poong Precision Corp., a key player in the management battle against North Asia-focused private...
MBK wins enough stake in tender offer to control Korea Zinc
North Asia-focused private equity firm MBK Partners Ltd. has secured a large enough stake in Korea Zinc Inc. through a tender offer to take control ...
Korea’s financial exposure to real estate nearly doubles in 10 years
South Korea’s financial exposure to real estate has nearly doubled over the past decade, with lending to households making up about half. The ...
Korea Zinc ups share buyback price, volume to counter MBK
Korea Zinc Inc. said on Friday it will buy back more shares at a higher price than originally planned to counter North Asia-focused private equity f...
MBK not to raise Korea Zinc tender offer price after regulator warning
MBK Partners will not raise its tender offer prices again for Korea Zinc Inc. and its affiliate Young Poong Precision Corp. after hiking them twice ...
