Korea’s sandwich challenge
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Food & Beverage
Hanwha acquires Ourhome for $622 million in push to revive food business
South Korea’s Hanwha Group has completed the acquisition of the country’s No. 2 food service and catering company Ourhome Ltd. for 869.5...
May 15, 2025 (Gmt+09:00)
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Korean startups
Korea's science ministry picks 10 AI, digital startups to back global growth
South Korea’s Ministry of Science and ICT on Thursday announced that it has selected 10 startups founded by Koreans in a program to support th...
May 15, 2025 (Gmt+09:00)
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Business & Politics
Shinsegae Chair Chung joins Trump’s Middle East tour
Chung Yong-jin, chairman of South Korea’s retail group Shinsegae Inc., is the only Korean businessperson accompanying US President Donald Trum...
May 15, 2025 (Gmt+09:00)
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Stocks
Hong Kong to list world’s 1st Samsung single-stock leveraged ETF
A pair of leveraged exchange-traded funds tracking only Samsung Electronics Co. will make a debut on the stock exchange in Hong Kong next week, whic...
May 14, 2025 (Gmt+09:00)
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Mergers & Acquisitions
Samsung bets on data center HVAC with $1.7 bn FläktGroup acquisition
Samsung Electronics Co. on Wednesday announced the acquisition of FläktGroup, a German manufacturer of heating, ventilation and air conditionin...
May 14, 2025 (Gmt+09:00)
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Shipping & Shipbuilding
S.Korea’s mid-tier shipbuilders sail into new supercycle as China struggles
BUSAN – On a sunny May morning in Busan’s Yeongdo shipyard, the clang of steel and the rhythmic pounding of welders was telling the new ...
May 13, 2025 (Gmt+09:00)
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Automobiles
Used SUVs pricier than new ones? Yes, in South Korea thanks to Russia
Prices of certain used sport utility vehicles in South Korea are defying the broader economic slowdown, with used models like Hyundai Motor Co.'s Pa...
May 12, 2025 (Gmt+09:00)
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Beauty & Cosmetics
In China’s waterway city Hangzhou, K-beauty redefines ‘shuiguang'
HANGZHOU – The capital of China’s Zhejiang province, Hangzhou, is the southern terminus of the ancient Grand Canal waterway, which origi...
May 12, 2025 (Gmt+09:00)
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Beauty & Cosmetics
With Ulta deal, APR steps up US beauty push
Medicube, the beauty-tech brand under South Korea’s fast-growing beauty company APR Co., will sell its products through both online and offlin...
May 12, 2025 (Gmt+09:00)
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Mergers & Acquisitions
MBK’s Lotte Card sale gains momentum amid Homeplus fallout
North Asia-focused private equity firm MBK Partners’ second attempt to exit Lotte Card Co., South Korea’s fifth-largest car issuer, is g...
May 11, 2025 (Gmt+09:00)
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Airlines
Korean Air, Delta to buy 25% stake in Canada’s WestJet for $550 million
Korean Air Lines Co., South Korea’s largest full-service carrier, and its joint venture partner Delta Air Lines Inc. will acquire a 25% stake ...
May 11, 2025 (Gmt+09:00)
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Cryptocurrencies
RedotPay lands in Seoul with crypto cards
RedotPay, a Hong Kong-based blockchain fintech company, has arrived in South Korea with its cryptocurrency-based payment cards and is poised to disr...
May 09, 2025 (Gmt+09:00)
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Electronics
Now, slim is in – and Samsung aims to be No. 1 with Galaxy S25 Edge
With the advent of mobile AI, the performance arms race among smartphone makers is reaching diminishing returns, as some market analysts put it.The ...
May 09, 2025 (Gmt+09:00)
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Debt financing
Korea Securities Finance eyes its 1st foreign bond sale in 2026
Korea Securities Finance Corp. (KSFC) is preparing to issue its first foreign currency-denominated bonds in 2026 to provide low-cost funding to dome...
May 09, 2025 (Gmt+09:00)
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Electric vehicles
BYD’s Atto 3 overtakes Tesla’s Model Y as best-selling EV in South Korea
China’s BYD Co. has dethroned Tesla Inc. in South Korea with its compact sport utility vehicle, the BYD Atto 3, becoming the best-selling impo...
May 09, 2025 (Gmt+09:00)
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Mergers & Acquisitions
Korea’s top cinema chains seek merger to counter box office slump
South Korea’s two leading multiplex operators Lotte Culture Works Co. and Contentree JoongAng Corp. have tentatively agreed to merge in a bid ...
May 08, 2025 (Gmt+09:00)
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Pension funds
S.Korea’s GEPS to commit $143 million to foreign mid-cap buyout funds
The Government Employees Pension Service (GEPS), one of South Korea’s top three public pension programs, will commit up to 200 billion won ($1...
May 08, 2025 (Gmt+09:00)
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E-commerce
Coupang’s Q1 revenue up; quarterly dip signals rising competition
Coupang Inc., South Korea’s largest e-commerce platform, extended its year-on-year sales growth with an 11.1% increase to post $7.9 billion in...
May 07, 2025 (Gmt+09:00)
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Asset management
Korea Investment & Securities deepens global ties with 2nd IR in New York
Korea Investment & Securities Co. (KIS), the brokerage unit of Korea Investment Holdings Co., said on Wednesday it hosted its flagship investor ...
May 07, 2025 (Gmt+09:00)
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Korean chipmakers
South Korea asks US for tailored approach to chip tariffs
South Korea has officially requested that the US take a distinct approach in its ongoing probe into foreign semiconductor technology and related dow...
May 07, 2025 (Gmt+09:00)
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Mergers & Acquisitions
Harman acquires Masimo’s audio arm in Samsung’s car audio push
Harman International Industries Inc., wholly owned by Samsung Electronics Co., has acquired Masimo Corp.’s audio business for $350 million, a ...
May 07, 2025 (Gmt+09:00)
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Business & Politics
S.Korea confident of winning Czech nuclear plant deal despite court ruling
A landmark nuclear energy export deal between South Korea and the Czech Republic was postponed at the eleventh hour following a local court ruling, ...
May 07, 2025 (Gmt+09:00)
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Beauty & Cosmetics
Seoul-backed K-beauty brands set to make global mark
As Korean beauty products continue to captivate global consumers, five Seoul-based cosmetics and wellness companies are gearing up to penetrate deep...
May 07, 2025 (Gmt+09:00)
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Central bank
South Korea Inflation Flat in April, Possibly Paving Way for Policy Easing
South Korea’s headline inflation remained flat in April, possibly paving the way for the central bank to loosen monetary policy further to sup...
May 07, 2025 (Gmt+09:00)
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Asset management
Korea Investment & Securities to sell Goldman Sachs funds
Korea Investment & Securities Co. said on Tuesday it is set to sell funds operated by Goldman Sachs Asset Management LP in South Korea, offering...
May 06, 2025 (Gmt+09:00)
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Airlines
Korea’s Sono to sell Air Premia stake to focus on another LCC
South Korea's top resort operator Sono Hospitality Group has decided to sell its entire stake in low-cost carrier (LCC) Air Premia Inc. at a profit ...
May 06, 2025 (Gmt+09:00)
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Bio & Pharma
Korea’s pharmaceutical exports set to top $10 bn, led by ‘K-M7’ champions
South Korea’s pharmaceutical exports are on course to surpass $10 billion this year, underscoring the country’s growing clout in the glo...
May 05, 2025 (Gmt+09:00)
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Retail
When in S. Korea, it’s a ritual: Foreigners make stops at CU, GS25, 7-Eleven
“If you’re going to San Francisco, be sure to wear some flowers in your hair,” as Scott McKenzie sang in the late 1960s and 70s.If...
May 05, 2025 (Gmt+09:00)
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Automobiles
US auto parts tariffs take effect; Korea avoids heavy hit
The US has eased tariffs on automotive parts that took effect on May 3, offering a sigh of relief to South Korean suppliers, who said a worst-case s...
May 04, 2025 (Gmt+09:00)
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Arts
Seoul appeal: Korean art captivates Indonesia’s affluent connoisseurs
JAKARTA – Last Thursday, Baik Art gallery in Jakarta, Indonesia, was crowded with well-heeled art patrons eager to meet a revered artist from ...
May 01, 2025 (Gmt+09:00)
Latest News
- 1 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 2 Korea to allow non-profits to buy bad consumer loans
- 3 LG to drive future growth in emerging markets with battery prowess
- 4 South Korean President Lee, Japanese Prime Minister Ishiba seek closer ties
- 5 Naver Ventures to plant flag in Silicon Valley with TwelveLabs bet