Korea’s Simone: Rise from replica handbag maker to luxury brand

UIWANG, Gyeonggi Province – Simone Acc. Collection Ltd., a South Korean luxury handbag maker, stresses one interesting number to its clients w...

Korea’s Genome & Company aims US CMO market

South Korea’s microbiome medicine developer Genome & Company geared up for entering the U.S. market to boost profits and make inroads into...

Taihan Cable lands $36 mn US infrastructure deal ahead of LA Olympics

South Korea’s oldest electric wire maker Taihan Cable & Solution Co., formerly known as Taihan Electric Wire Co. until under IMM PE’...

Amazon Global Store shakes up S.Korea’s e-commerce scene

Amazon Global Store posted a stellar first-week performance in South Korea. The service, launched at the end of August on SK Telecom Co.’s onl...

S.Korea to allow brokerages to trade carbon credits

Financial services companies, including brokerage firms, will be able to participate in South Korea's carbon emission trading market by year's end a...

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...

Philippines LCS Group to invest more in Korea tourism

The Philippines LCS Group of Companies plans to expand investment in South Korea’s tourism as the Northeast Asian country is expected to attra...

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...

Korea's plus-size fashion mall 09Women readies for 2022 IPO

The successful initial public offering of California-based plus-size fashion company Torrid Holdings Inc. has drawn attention to 09Women Co., a Sout...

Burger King's Korea, Japan operations up for sale

Affinity Equity Partners is putting Burger King's operations in South Korea and Japan up for sale, after the US hamburger franchise overtook its big...

Korea Zinc emerges winner despite sharp decline in treatment fees

Just like many other manufacturers around the world, 2020 was a turbulent year for Korea Zinc Co., the world’s largest lead and zinc smelter.T...

Korea VC firms reap big rewards for investing in early-stage startups

When KNet Investment Partners LLC, a South Korean venture capital company, invested 9.9 billion won ($8.6 million) in Krafton Inc. in 2009, the game...

Korea inflation remains at 9-year high, fanning views of more rate hikes

South Korea’s consumer inflation remained at a nine-year peak in August, adding to expectations that the central bank will raise interest rate...

Korea Post nets nearly $1 bn from KakaoBank block sale

Korea Post has netted slightly over 1 trillion won ($861 million) from the block sale of its shares in South Korea's largest internet-only lender Ka...

LG Chem to set up next-generation bio-oil plant in Korea

South Korea’s LG Chem Ltd. plans to build a next-generation bio-oil plant in the country with a local biodiesel company as the petrochemical m...

US, Korea approve nuclear fuel recycle technology

Authoritie of the United States and South Korea officially endorsed the results of a joint research on Pyro-SFR, a cutting-edge technology that re...

Korea’s bio startup Voronoi inks $324 million deal with Brickell Biotech

Voronoi Inc., a South Korean biotechnology startup, has clinched a $324 million deal to grant Brickell Biotech, a US clinical-stage pharmaceutical f...

Hyundai Heavy, Babcock join forces for Korea’s first aircraft carrier

Hyundai Heavy Industries Co. teamed up with British engineering company Babcock International to develop South Korea’s first aircraft carrier....

Sumitomo Chemical to build $90 million photoresist plant in S.Korea

Japan’s major chemical company Sumitomo Chemical Co. will invest more than 10 billion yen ($91 million) in South Korea to manufacture photores...

S.Korea curbs in-app payment plans by Google, Apple

The South Korean parliament has passed the world's first bill to banGoogle, Apple Inc. and other app store operators from forcing certain payment sc...

Samsung SDI tops LG Chem in market cap amid GM recall crisis

Samsung SDI Co. has become South Korea’s top battery maker in terms of market capitalization. The company is now ranked as the sixth-largest f...

Korea proposes record budget for 2022 to speed up recovery

South Korea’s government proposed a record high spending for 2022 to reinforce a recovery in Asia’s fourth-largest economy despite a wid...

Naver poised for battle over sneaker resale market

South Korea’s platform giant Naver Corp. is on the move to claim the throne in the sneaker resale market, up against other fashion platforms s...

Philippines LCS Group to join $1.7 bn Korean resort project

The Philippines LCS Group of Companies agreed to join a $1.7 billion resort development in South Korea, marking the first firm from the Southeast As...

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...

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 ...