BofA emerges as top dealmaker of S.Korea's mega M&As

Bank of America Merrill Lynch (BofA) has emerged as the top M&A dealmaker in South Korea this year, working on a combined 8 trillion won ($7 bil...

S.Korean govt to spend $5.4 bn to develop sensors, improve EV repair

South Korean government will spend 6.3 trillion won ($5.4 billion) next year in supporting the state-designated Big 3 industries: future vehicles, n...

Warehouse investments in Korea on hold after Coupang fire

South Korean landowners, in particular in the Seoul Metropolitan Area, were recently forced to stop negotiations with the would-be buyers of their l...

Upbit dominates S.Korea’s crypto exchange with 80% market share

South Korea’s cryptocurrency exchange market is being dominated by the biggest platform Upbit that holds about 80% of all transactions made in...

Kolon enters private space business with composite materials

Kolon will be the next major South Korean business group to join the race in the fast-growing space sector by developing and making light composite ...

POSCO Chem, OCI to produce previously imported battery material in Korea

POSCO Chemical and OCI plan to produce in South Korea a key material for electric vehicle batteries, which has so far been imported.POSCO Chemical s...

Korea’s hydrogen council to launch Sept. 8; Hyundai to unveil new tech

The South Korean version of the Hydrogen Council, a global CEO-led initiative to harness the clean energy source, will officially launch on Sept. 8 ...

S.Korea fines Facebook, Netflix over privacy infringement

South Korea’s privacy regulator Personal Information Protection Commission (PIPC) has fined major global platform companies for their infringe...

Bank of Korea ends 15-mth ultra-easy monetary stance

The Bank of Korea has ended its ultra-easy monetary stance by bumping up the base interest rate by 25 basis points from a record-low 0.5% on Thursda...

Volatile raw material prices put Korea on alert for procurement

Volatile price changes in iron ore and non-ferrous metals such as lithium and nickel are keeping South Korean companies on their toes for procuremen...

S.Korea's bio-health industry exports log best-ever first half in 2021

South Korea's bio-health industry exports log best-ever first half in 2021 South Korea’s diagnostic kits, biosimilars and health-related bio-...

Naver to enter healthcare business in Korea with investment in ezCaretech

South Korea’s online platform giant Naver Corp. is set to enter the big data-based healthcare industry by investing in ezCaretech Co., a domes...

Summary of Samsung's $200 billion investment plans

Samsung Group said on Tuesday it will invest a combined 240 trillion won ($206 billion) investment over the next three years in its core businesses in...

Rolex emerges as latest target of S.Korea’s luxury brand fever

Rolex watches are now the latest object of South Korea’s unwavering love for luxury goods. The high demand and limited supply of Rolex watches...

Citibank Korea’s retail banking exit faces stumbling block

The sale of Citibank Korea’s consumer banking business has hit a stumbling block as the South Korean unit of Citigroup Inc. postponed its boar...

AI edtech startup KidsLoop joins unicorn club

Artificial intelligence-based education is similar to self-driving cars, which select the optimal transportation routes for their drivers, according...

Japan’s Aeon plans to sell off struggling Ministop Korea

South Korea’s fifth-largest convenience store chain Ministop Korea Co. is up for sale by its owner, the Aeon Group of Japan. Ministop Korea is...

Korea electronics, auto sectors hit by triple whammy

South Korea's electronics and auto industries, the two main pillars of Asia’s fourth-largest economy, are losing growth momentum. Demand is sl...

S.Korean firms start training AI professionals to address talent shortage

South Korea’s major business groups have started to foster their own talents in the field of artificial intelligence (AI) to address the widen...

Record ‘Sell Korea’ knocks down stocks, won

Fears are growing over ‘Sell Korea’ as foreign investors dumped the country’s stocks at a record high, pushing down the won curren...

Korea's top online flea market startup value up to $2.6 bn

South Korea’s No. 1 online flea market operator Danggeun Market Inc. has increased its valuation to $2.6 billion as it raised $153 million fro...

Tumbling won adds to Bank of Korea rate hike views

The South Korean won skidded to an eleven month-low as foreign investors extended a selling spree in the local stock markets, adding to expectations...

Luxury imported car sales growth at 5-yr high in S.Korea

Mercedes-Benz, BMW and Porsche have driven the double-digit growth of imported car sales in South Korea in the first seven months of this year, with...

Kakao Group’s past, present and future as conglomerate

Kakao Corp., which a decade ago was merely a mobile messenger operator, has now grown into one of the largest business groups in South Korea. The in...

Vietnam's Masan Group to attract $200 mn from Korean PE

Masan Group Corp., Vietnam's leading conglomerate with a diverse range of businesses ranging from food and consumer goods to financial services, wil...

MBK Partners to sell Doosan Machine Tools for $2.1 bn

MBK Partners, a North Asia-focused private equity firm, agreed to sell South Korean Doosan Machine Tools at $2.1 billion to the country’s DTR ...

S.Korea to launch first carbon credit ETFs in September

South Korea will launch its first set of carbon credit-themed exchange-traded funds (ETFs) next month, in a move to address the rising investor dema...

MSCI adds SK Bioscience, SKIET, EcoPro BM to Korea Index

Global index provider Morgan Stanley Capital International (MSCI) added SK IE Technology Co. (SKIET), SK Bioscience Co. and EcoPro BM Co. to its K...

Hanwha Systems invests $300 million in UK satellite firm OneWeb

Hanwha Systems Co., the defense and air mobility unit of Hanwha Group, is investing $300 million in UK’s satellite communications firm OneWeb ...

Experts cast doubt on S.Korea’s $2 bn currency swap deal with Turkey

South Korea and Turkey have signed a $2 billion currency swap agreement to boost bilateral trade and strengthen cooperation in the financial sector,...