Nexon founder Kim Jung-ju dies at 54

Nexon founder Kim Jung-ju dies at 54

Kim Jung-ju, the founder of global gaming giant Nexon Co. died in late February. He was 54.NXC Corp., the holding company of Nexon, announced on T...

Hyundai Heavy’s holding firm changes name to HD Hyundai

Hyundai Heavy’s holding firm changes name to HD Hyundai

South Korea’s Hyundai Heavy Industries Holdings Co. is changing its name to HD Hyundai as the holding company of the world's largest shipbuild...

Korea approves Korean Air-Asiana merger; hurdles remain

Korea approves Korean Air-Asiana merger; hurdles remain

The proposed merger of Korean Air Lines Co. and Asiana Airlines Inc. has moved one step closer to completion with approval by South Korea’s an...

Asiana Airlines swings to profit in 2021 on cargo boom

Asiana Airlines swings to profit in 2021 on cargo boom

South Korea's Asiana Airlines Inc. turned to the black in 2021, reporting its largest-ever operating profit since 2010, as global supply chain disru...

KAIST Holdings to open US offices with $8.4 bn value in mind

KAIST Holdings to open US offices with $8.4 bn value in mind

The Korea Advanced Institute of Science and Technology (KAIST) on Tuesday announced the blueprint to strengthen its foothold in the United States an...

Korean Air to deploy Boeing 737 Max aircraft from March

Korean Air to deploy Boeing 737 Max aircraft from March

Korean Air Lines Co. will start flying Boeing 737-8 aircraft from March, nearly two years after the global grounding of the jet type by airlines in ...

LG Group improves dividend policy transparency

LG Group improves dividend policy transparency

A growing number of LG Group units have unveiled their dividend policies for the next three years for the first time in their history, as they are d...

GS ups spending to take control of botox maker Hugel

GS ups spending to take control of botox maker Hugel

South Korea’s energy-to-retail conglomerate GS Group has increased its spending to become the largest shareholder in Hugel Inc., the country's...

Singapore approves Korean Air-Asiana combination

Singapore approves Korean Air-Asiana combination

Singapore’s antitrust authority approved the integration of Korean Air Lines Co. and Asiana Airlines Inc., paving the way for South Korea&rsqu...

Korea’s reopening stocks shine despite surging Omicron cases

Korea’s reopening stocks shine despite surging Omicron cases

South Korea’s reopening stocks rallied even as the local COVID-19 cases hit record-highs with the spread of the Omicron variant. Investors rai...

Conglomerates fight to keep their contents from 'NFT hunters'

Conglomerates fight to keep their contents from 'NFT hunters'

South Korea’s retail giant Shinsegae Inc. was recently tipped off that its marketing character JRilla is available for trade on New York-based...

EcoPro BM execs may step down on alleged insider trading

EcoPro BM execs may step down on alleged insider trading

EcoPro BM Co., South Korea’s leading battery material producer, is considering resignations of its key executives, including the holding compa...

POSCO wins shareholder support to launch holding firm

POSCO wins shareholder support to launch holding firm

South Korea's POSCO Co. will transform into a holding company structure on Mar. 2, after its plan to split itself into a holding firm and a steelmak...

Hyosung's operaing profit reaches record $2 bn last year

Hyosung's operaing profit reaches record $2 bn last year

Hyosung Group’s annual operating profit exceeded two trillion won ($1.9 billion) for the first time since the company was founded in 1966.Loca...

NPS approves POSCO's split into holding firm, steelmaker unit

NPS approves POSCO's split into holding firm, steelmaker unit

The National Pension Service (NPS) of Korea, the largest shareholder of POSCO Co., has given its nod to the steelmaking giant’s plan to spli...

Proxy advisors recommend NPS vote for POSCO split-off

Proxy advisors recommend NPS vote for POSCO split-off

South Korea's National Pension Service (NPS), the largest shareholder of POSCO Co., was recommended by all its four proxy advisors to vote for the s...

Korean Air wary of Asiana deal after EU blocks HHI-DSME merger

Korean Air wary of Asiana deal after EU blocks HHI-DSME merger

Korean Air Lines Co. and Asiana Airlines Inc. are wary of the fate of their proposed merger after the European Union blocked the combination of Sout...

Baillie Gifford, Allianz increase holdings in 3D tech firm Koh Young

Baillie Gifford, Allianz increase holdings in 3D tech firm Koh Young

Global asset managers are increasing shareholdings in Koh Young Technology Inc., Korea’s leading 3D image measurement tech firm listed ...

Tighter rules on business split-ups may benefit SK Inc.

Tighter rules on business split-ups may benefit SK Inc.

As South Korean securities regulators are moving to tighten their grip on the growing trend of splitting up businesses and listing the spun-off arms...

GS launches corporate VC firm

GS launches corporate VC firm

GS announced the establishment of a corporate venture capital (CVC) firm Sunday, the first of its kind for a holding company in Korea. The announcem...

POSCO plans to cancel treasury shares in its holding firm

POSCO plans to cancel treasury shares in its holding firm

Top management of South Korea's POSCO Co. has decided to cancel treasury shares in its to-be-launched holding company, in an effort to win sharehold...

Korean Air’s post-merger plan hits snag after conditional approval

Korean Air’s post-merger plan hits snag after conditional approval

Korean Air Lines Co. faces growing pressure from the country’s antitrust regulator to drastically adjust its post-merger integration plans aft...

FTC announces conditions for Korean Air, Asiana merger

FTC announces conditions for Korean Air, Asiana merger

South Korea’s antitrust regulator the Fair Trade Commission (FTC) has decided on conditional approval for Korean Air Lines Co.‘s 1.8 tri...

POSCO puts stability above reform in management overhaul

POSCO puts stability above reform in management overhaul

South Korea’s steel giant POSCO has chosen stability over reform in its latest management overhaul, retaining most chief executives at group a...

Nexen Tire invests in US urban air mobility startup ANRA Technologies

Nexen Tire invests in US urban air mobility startup ANRA Technologies

Nexen Tire Corp., Korea’s third-largest tire maker, has made an undisclosed amount of equity investment in ANRA Technologies, a US urban air m...

SK to co-invest $50 mn in US-based Fulcrum BioEnergy

SK to co-invest $50 mn in US-based Fulcrum BioEnergy

South Korea's SK Inc. on Thursday said it would co-invest $50 million in the US-based Fulcrum BioEnergy with a domestic private equity fund, in a bi...

Korean Air to fly high on China’s cargo conversion ban

Korean Air to fly high on China’s cargo conversion ban

Korean Air Lines Co. is expected to benefit from China’s ban on conversion of airliners into freighters since the measure is likely to further...

POSCO CEO says split-off units will never be listed

POSCO CEO says split-off units will never be listed

POSCO Group Chairman and Chief Executive Choi Jeong-woo on Monday reaffirmed the group's determination not to list on the stock market the steelmaki...

POSCO approves holding company plan for eco-friendly business

POSCO approves holding company plan for eco-friendly business

South Korea’s POSCO Co. is set to split off the company to launch an investment holding firm, 21 years after its privatization. The move aims ...

Former KIC real estate head to serve as ADQ's chief investment officer

Former KIC real estate head to serve as ADQ's chief investment officer

Cha Hoon, the former head of real estate investment at Korea Investment Corporation (KIC) is moving to Abu Dhabi’s state holding firm Abu Dhab...

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