Kakao buys startup Grip, fueling e-commerce push

Kakao buys startup Grip, fueling e-commerce push

South Korea's Kakao Corp. has acquired a live streaming e-commerce app Grip Co. to beef up its online shopping business, considered the weakest spot...

Celltrion to export COVID-19 treatment to Europe in 2021

Celltrion to export COVID-19 treatment to Europe in 2021

South Korea’s pharmaceutical giant Celltrion Inc. is set to export its COVID-19 treatment Regkirona to Europe by the end of this year as it se...

MBK in talks to buy S.Korea's top shoe fabric maker

MBK in talks to buy S.Korea's top shoe fabric maker

MBK Partners is in exclusive talks to buy Dongjin Textile Co., a South Korean family-owned business that supplies footwear textiles to companies inc...

KakaoTalk emoticon designers can earn more than average salaried worker

KakaoTalk emoticon designers can earn more than average salaried worker

It has been 10 years since tech giant KakaoCorp. launched emoticon services within its namesake messenger app KakaoTalk. Today, there are some ...

KakaoPay chief tapped as co-CEO in Kakao management shakeup

KakaoPay chief tapped as co-CEO in Kakao management shakeup

Young-joon Ryu and Min-soo Yeo, slated as Kakao Corp. co-CEOs come March Korea’s largest mobile messenger provider Kakao Corp. is slated ...

Korean game makers shun IBs for M&A deals

Korean game makers shun IBs for M&A deals

“We know which companies to buy after playing the games a few times.”More and more South Korean game developers are pursuing mergers and...

Celltrion wins COVID-19 treatment approval from Europe

Celltrion wins COVID-19 treatment approval from Europe

South Korea’s pharmaceutical giant Celltrion Inc. has won final approval for its COVID-19 treatment Regkirona from the European Commission, a ...

Doosan near completing self-rescue plan with E&C sale

Doosan near completing self-rescue plan with E&C sale

South Korea's Doosan Group is near finalizing a deal to sell Doosan Engineering & Construction Co. (Doosan E&C) to a consortium led by Seoul...

Korea scrambles to address DEF supply shortage

Korea scrambles to address DEF supply shortage

South Korea is stepping up efforts to secure diesel exhaust fluid (DEF) such as diversification of supply sources as the shortage of the liquid used...

Kakao becomes Korea’s top platform firm, besting archrival Naver

Kakao becomes Korea’s top platform firm, besting archrival Naver

Kakao Corp., best known for South Korea’s top mobile messenger app KakaoTalk, has become the country’s top platform company in terms of ...

Kakao Pay slips on profit-taking after strong KOSPI debut

Kakao Pay slips on profit-taking after strong KOSPI debut

Kakao Pay Corp. ’s stock tumbled after a strong debut on the South Korean main stock market as investors booked profits, keeping an eye on if ...

SK E&S in talks to sell ESS, solar energy projects

SK E&S in talks to sell ESS, solar energy projects

SK E&S Co. is in talks with a number of private equity firms and financial investors to sell energy storage systems (ESS) and solar energy devel...

Kakao Pay sets IPO price at top end on heated demand

Kakao Pay sets IPO price at top end on heated demand

Kakao Group’s payment services unit Kakao Pay Corp. set the initial public offering price at the top end of the proposed band thanks to strong...

CJ ENM in exclusive talks to acquire SM Entertainment

CJ ENM in exclusive talks to acquire SM Entertainment

South Korea's entertainment powerhouse CJ ENM Co. is in exclusive talks to acquire a 19.37% stake in SM Entertainment Co., the country's first-gener...

Amazon in talks to invest in SK Tel's spun-off unit

Amazon in talks to invest in SK Tel's spun-off unit

Amazon.com, the world's largest online retailer, is in negotiations with South Korea's SK Telecom Co. to invest in the mobile carrier's non-telecom ...

LG Electronics Q3 profit halves on GM recalls, sales at record-high

LG Electronics Q3 profit halves on GM recalls, sales at record-high

LG Electronics Inc. said on Tuesday it expects its third-quarter operating profit to plunge as heavy costs for General Motors Co.’s recall of ...

Toss acquires Tada, taps into mobility market

Toss acquires Tada, taps into mobility market

South Korea-based mobile financial platform Toss, which has been expanding its operations across the financial sector, is set to foray into the mobi...

Kakao Mobility: Unravelling Korea’s astounding growth in mobility sector

Kakao Mobility: Unravelling Korea’s astounding growth in mobility sector

It wouldn’t be an exaggeration to say that South Korea’s mobility sector has undergone a period of rebirth in 2015 when the country&rsqu...

Kakao Pay pushes back IPO to November despite tight schedule

Kakao Pay pushes back IPO to November despite tight schedule

Kakao Group’s payment services unit Kakao Pay Corp. has pushed back its IPO to November due to growing concerns regarding the impact of regula...

Kakao delays mobility unit IPO as parent comes under fire

Kakao delays mobility unit IPO as parent comes under fire

Kakao Mobility Corp., South Korea’s largest taxi-hailing company, has indefinitely postponed its planned initial share sale, as its parent, Ka...

Kakao to strengthen overseas operations amid growing criticism

Kakao to strengthen overseas operations amid growing criticism

Kakao Corp. will accelerate its overseas expansion as part of its recently announced reform plan to strengthen fair business practices.Kakao said on...

Kakao says to shift toward co-existing business model

Kakao says to shift toward co-existing business model

Kakao Corp. will be abandoning its growth model that has transformed once a mere mobile messenger operator into one of South Korea's largest busines...

Regulatory moves delay Kakao Group’s IPO plans

Regulatory moves delay Kakao Group’s IPO plans

Toughening regulations on big tech firms in South Korea are impacting the IPO timeline of Kakao Pay Corp. and Kakao Mobility Corp. According to the ...

Antitrust body takes aim at Kakao's taxi-hailing app, Coupang

Antitrust body takes aim at Kakao's taxi-hailing app, Coupang

South Korea's antitrust body has launched an investigation into Kakao Mobility Corp. on allegations of discrimination against taxi drivers not subsc...

SK holds off indefinitely on petrochem unit stake sale

SK holds off indefinitely on petrochem unit stake sale

South Korea's SK Innovation Co. has put on hold indefinitely its plan to sell up to a 49% stake in SK Geocentric Co., formerly known as SK Global Ch...

Kakao drops 10.1%, Naver falls 7.9% on potential big tech crackdown

Kakao drops 10.1%, Naver falls 7.9% on potential big tech crackdown

South Korea may be following China’s lead in cracking down on big tech firms. The country’s two leading tech giants Naver Corp. and Kaka...

S.Korea kicks off AI strategy talks with Naver, Kakao, Samsung, telcos

S.Korea kicks off AI strategy talks with Naver, Kakao, Samsung, telcos

South Korean government has hosted the first top-level artificial intelligence (AI) roundtable meeting with representatives from the country’s...

SK Ecoplant to sell plant building business before IPO

SK Ecoplant to sell plant building business before IPO

SK Ecoplant Co., formerly known as SK Engineering & Construction Co., is in advanced stages of talks with a consortium of South Korea-based IUM ...

TikTok owner ByteDance in talks to invest $43 mn in Korea’s KidariStudio

TikTok owner ByteDance in talks to invest $43 mn in Korea’s KidariStudio

South Korea’s online content platform KidariStudio Inc. will likely attract 50 billion won ($43 million) from China’s ByteDance Ltd., th...

Interpark draws cool response from Korean online giants

Interpark draws cool response from Korean online giants

South Korea’s online retail platform Interpark Corp. has failed to drum up interest from the country's largest online platforms, including Nav...

US unveils 25% tariffs on S.Korea, sets Aug. 1 deadline for agreement Samsung’s Q2 operating profit plunges 56% on sluggish chip sales Samsung Heavy Industries clinches $635 mn preliminary FLNG deal with African shipowner Gochujang, fiery seasonings: K-sauces go viral among adventurous foreign palates HD Hyundai, India’s Cochin Shipyard to pursue joint shipbuilding orders