Korean retail investors’ US stockholdings at record high
South Korean individual investors’ US stockholdings swelled to a record $82.19 billion as of early June amid the US stock market rally, while ...
Kia launches 2024 model year of Morning
Kia Corp. announced on Monday that it launched its flagship compact car Morning's model year the 2024 Morning. The 2024 Morning featured the ne...
Southeast Asia, Korea Inc’s new IT outsourcing powerhouse
PHNOM PENH – South Korean technology companies grappling with prolonged software developer shortages are actively broadening their search for ...
Korea's short-selling ban impedes MSCI index upgrade
South Korea is expected to retain its MSCI’s emerging market status as the global index provider said in its June 6 report that the country&rs...
LG Uplus, GIST to build metaverse campus
South Korea's LG Uplus Corp. announced on Thursday a business agreement with the Gwangju Institute of Science and Technology (GIST) to develop a uni...
Samsung Biologics eyes windfall gain amid US-China row
SAN DIEGO – Samsung Biologics Co. is enjoying a stream of contract development and manufacturing order inquiries from big pharmaceutical compa...
Yellow Umbrella's new CIO to spur alternative investment
The Yellow Umbrella Mutual Aid Fund, a 25.4 trillion won ($18.5 billion) savings arm of South Korean small business owners, has tapped an alternativ...
Nvidia co-leads Series A round for AI startup Twelve Labs
Global chip giant Nvidia Corp. has co-led a $50 million Series A funding round for Twelve Labs, a South Korean artificial intelligence company speci...
S.Korea beats Japan in GNI per capita for 1st time in 2023
South Korea outstripped Japan in terms of per capita gross national income (GNI) for the first time in 2023, central bank data showed, with the Japa...
Korea's KDB widens gap in VC fundraising in H1; NPS to fund in July
The capital commitments of state-run Korea Development Bank (KDB) have widened the gap for South Korean venture capital firms in fundraising over ...
YouTube, Coupang offer Shopping affiliate program in Korea
YouTube has started offering its Shopping affiliate program in South Korea in partnership with the country’s No. 1 e-commerce platform company...
Samsung Heavy wins certification for ammonia fuel VLAC
South Korea's Samsung Heavy Industries announced on Wednesday that it obtained Approval in Principle (AIP) from Lloyd's Register for the design of a...
Monalisa, Ssangyong C&B sold to Indonesia's APP
South Korea's hygiene products company Monalisa and Ssangyong C&B, known for its toilet paper brand Codi, will be sold to Indonesia's paper comp...
Korea’s non-financial firms rush to issue perpetual bonds
Perpetual bond offerings by non-financial firms in South Korea are poised to hit new records this year as many companies have flocked to the hybrid ...
Korea’s Kakao Mobility unveils global ride-hailing app to court Uber
Kakao Mobility Corp., South Korea’s top ride-hailing service provider, on Tuesday introduced the release of its global app, taking on global g...
IGIS fund defaults on loan linked to German office
A 370-billion-won ($270 million) real estate fund managed by IGIS Asset Management Co. faces a heavy loss from its investment in Trianon, a landmark...
POSCO, Hancock to invest $432 mn in Senex's LNG production
POSCO International Corp., the general trading and resources exploration unit of South Korean steel giant POSCO Holdings Inc., said on Tuesday that ...
Dongbu Corp exceeds $730 bn in new orders
South Korea's Dongbu Corporation surpassed 1 trillion won ($727 million) in new orders this year by securing a 200 billion won ($145 million) railwa...
Jeju Air, Lion Air codeshare Incheon-Bali route
South Korea’s budget carrier Jeju Air Co. announced on Tuesday that it signed a codeshare agreement with Indonesia's largest low-cost airline,...
Korea’s KT, Microsoft form strategic alliance on AI, cloud sectors
South Korea’s leading telecommunications service provider KT Corp. has formed a strategic alliance with US tech giant Microsoft Corp. to colla...
HD Hyundai supplies large hydrogen forklifts to Korea Zink
South Korea's HD Hyundai XiteSolution announced on Monday that it deployed its four 5-ton hydrogen forklifts in Korea Zinc Inc.'s Onsan Refinery and...
S.Korea’s inflation slows to 10-month low amid tight policy
South Korea’s headline inflation slowed to a 10-month low in May as the Bank of Korea kept its interest rate policy tight, adding to the centr...
Samsung releases 2024 lineup of gaming monitors
Samsung Electronics Co. announced on Tuesday that it launched its new 2024 lineup of gaming monitors, Odyssey OLED, and high-resolution monitors, Vi...
Korea’s LS Group to operate brokerage firm LS Securities
South Korean cable-to-energy giant LS Group said on Monday that it has renamed brokerage subsidiary eBest Investment & Securities to LS Securiti...
Korea’s BC Card starts QR code payment service in Malaysia
South Korea’s credit card issuer BC Card Co. introduced its QR code payment service in Malaysia through cooperation with the country’s n...
South Korea finds massive crude oil, gas prospects in East Sea: Yoon
South Korea, which heavily relies on imports for its energy use, has found a potentially massive reserve of oil and gas offshore close to its southe...
LG Energy Solution to discover startups in battery sector
South Korea's LG Energy Solution Ltd. announced on Monday that it will host Battery Challenge 2024, an open innovation program to discover startup...
MBK puts Homeplus’ supermarket chain unit up for sale
MBK Partners, the North Asia-focused private equity firm, has put the supermarket chain unit of South Korea’s hypermarket operator Homeplus up...
Hyundai to raise Tucson Hybrid output in Korea for exports
Hyundai Motor Co., South Korea’s top automaker, plans to ramp up Korean production of the hybrid version of its Tucson sport utility vehicle f...
Korea’s exports at 22-month high in May on chips, cars
South Korea’s exports hit a 22-month high in May, led by strong shipments of semiconductors and automobiles abroad, adding to hopes that overs...
