Korea Superfreeze readies for mass COVID-19 vaccine storage

It's a busy day at the Korea Superfreeze warehouse in South Korea's Gyeonggi province, with trucks entering and exiting the spacious 92,500-square...

Korea’s commercial law revisions irk businesses, limit top shareholders’ clout

The National Assembly on Wednesday passed a series of commercial law revisions designed to limit business owners’ clout and enhance supervisio...

Bank CEOs in Korea pick big tech as top 2021 challenge

Chief executives of banks operating in South Korea have picked the emergence of big technology companies and fintech startups in the credit market a...

Korea Post seeks two direct lending funds for $200 mn mandates

Korea Post’s savings arm plans to select two global direct lending funds focusing on North America and Europe and commit $100 million to each ...

Korea’s personal pensions gamble with risky stocks for higher returns

South Korea’s individual pension fund holders are moving their money out of banks and insurance companies into brokerages in pursuit of higher...

Carlyle in final-stage talks to buy Korea’s No. 2 bakery chain

The Carlyle Group is in final stages of talks to buy South Korea’s No. 2 bakery chain Tous Les Jours from the country’s food and enterta...

Korea’s KIP eyes Europe, China VC fund launches in 2021

Korea Investment Partners Co. (KIP), South Korea’s largest venture capital firm, is aiming to launch two overseas investment funds next year &...

Korea Inc. braces for tough year as strong KRW kicks in

South Korean exporters are bracing for a tough year with their profits poised to languish, hit by the strong won, amid expectations for a rebound in...

Venture capital investments hit all-time high in S.Korea

Venture capital investments in South Korea are seeing a speedy recovery after facing a setback earlier this year due to the COVID-19 crisis. Over th...

Dongkuk makes strongest steel bar in S.Korea

Steelmaker Dongkuk Steel Mill Co. has become the first South Korean company to develop a reinforcing bar, or rebar, that can withstand 12.2 tons per...

Korea set to overtake Japan as No. 5 exporter by 2026

South Korea is set to overtake Japan and become the world’s No. 5 export powerhouse by 2026 on grounds that the country will maintain its cu...

Tax cuts, pandemic lift imported car sales in Korea

Imported car sales in South Korea are on track to post a record high this year, benefiting from consumption tax cuts aimed at stimulating personal s...

SK Hynix shares hit fresh high; signaling DRAM supercycle

SK Hynix Inc., the world's second-largest memory chipmaker, saw its share price climb to a historic high on Dec. 2, posting a higher gain than the w...

PEFs gaining clout in Korea’s broader M&A sectors

Private equity firms have been leading South Korea’s mergers and acquisitions markets in a broader range of sectors in recent years, represent...

S.Korea's airline restructuring hits turbulence with activist fund opposition

South Korea’s airline restructuring is experiencing some turbulence after an activist group has filed an injunction threatening the proposed m...

Goldman Sachs’ $14 bn credit fund draws $260 mn from Korea

South Korea’s Police Mutual Aid Association (PMAA) and financial services firms, including Samsung Securities Co., have committed $260 million...

Global funds flow into S.Korea as investors look to life after COVID-19

An increasing amount of global funds are flowing into South Korea as advances in COVID-19 vaccine development and a weaker dollar boost investors&rs...

Wine sales in S.Korea surge amid COVID-19 lockdown

E-Mart Inc., one of South Korea’s largest retailers, saw its annual wine sales exceed 100 billion won ($90.3 million) for the first time as ...

S.Korea's share issues set to hit fresh high of $17 bn by year-end

Credit crunch concerns from the early days of the COVID-19 outbreak seem long ago as South Korea-based companies' capital raising nears an all-time ...

Korea's top craft brewer seeks junior Kosdaq listing

Jeju Beer Co., South Korea's No. 1 craft beer maker, is preparing to become the country's first craft brewery to go public, buoyed by the rapid mark...

S.Korea's household debt ratio exceeds 100% for first time

South Korea’s household debt to gross domestic product (GDP) ratio has exceeded 100% for the first time, with its debt growing relatively faster...

Korean govt urged to hike diesel tax, ban fossil fuel cars by 2035

South Korea should raise its tax on diesel to match the price of gasoline and phase out internal combustion engine cars by 2035 to tackle air pollutio...

Fadu, Mobilint emerge as S.Korea's system chip startup dark horses

South Korea's two semiconductor startups, Fadu Inc. and Mobilint, have emerged as the country's system chip industry dark horses as their competitiv...

Goldman Sachs joins race for Korea’s beauty store chain

Goldman Sachs Principal Investment Area (PIA) has entered the race for a stake in South Korea’s health and beauty franchise CJ Olive Young, beco...

S. Korea's foreign currency deposits hit record high on weaker dollar

Foreign currency deposits in South Korea have swelled to a record high in November on the back of a weaker dollar, boosting local banks' holdings to $...

Korea to tighten grip on brokerages’ alternative investments

South Korean brokerage firms' alternative investments worth over $50 billion will come under tight control, after reckless investment in overseas real...

Korea Post to commit $200 mn to global infrastructure funds

Korea Post’s savings arm will select two infrastructure fund houses to invest $200 million in overseas core infrastructure assets, according to ...

S.Korea, Japan ink first free trade deal via 15-country trade bloc

South Korea joined the world’s biggest free trade regime on Nov. 15 by signing a mulilateral FTA pact that covers 15 countries in the Asia-Pacif...

Amazon, SK Telecom join hands in Korea e-commerce market

SK Telecom Co. and online retail giant Amazon.com have agreed to team up in South Korea’s e-commerce market, in a deal that could lead to cross-...

S. Korea's shipping firms grapple with container shortages

Growing shipping volumes and surging sea freight rates are wreaking havoc on South Korea's shipping companies, reeling from a dire shortage of contain...