1.4 mn foreign tourists visits S.Korea in July

The Korea Tourism Organization (KTO) said on Thursday that the number of foreign tourists visiting South Korea in July was 1.41 million, an increase...

Korea to launch regular K-content festival in June

South Korea plans to host a regular event showcasing its cultural products such as K-pop and foods in June of next year with the goal of making the ...

S.Korean companies fret over Scope 3 disclosure rule

Businesses in South Korea, Asia’s No. 4 economy, are voicing concerns about the government’s plan to mandate companies to disclose their...

Bank of Korea holds rate steady, signals pivot to easing soon

South Korea’s central bank held interest rates steady but cut its inflation and growth forecasts for the year and signaled that it will pivot ...

Korea Investment, Sinar Mas to build data center in Indonesia

Korea Investment Real Asset Management Co. and Indonesian conglomerate Sinar Mas have set up a joint venture to build a hyperscale data center in a ...

SK Innovation-SK E&S merger gains shareholders’ nod

SK Innovation Co., South Korea’s largest energy company, has won majority support from its shareholders for a merger with its liquefied natura...

BC Card, Uzbekistan to connect payment network

South Korea's BC Card said on Monday that it signed a contract with Uzbekistan's state-run payment operator National Interbank Processing Center (NI...

S.Korea's Asicland establishes Taiwan subsidiary

Asicland Co., South Korea's only design house contracted by TSMC, said on Monday that it launched a local subsidiary in Hsinchu, Taiwan.The Taiwan...

S.Korea's Xingxing to merge Kickgoing

Pump Co., the operator of South Korea's personal mobility (PM) sharing service Xingxing, said on Monday that it will merge with Wololo, the company ...

Korea’s Husteel enjoys surging Saudi Steel Pipe stock prices

South Korean Husteel Co.'s long-term investments in Saudi Steel Pipe Co. are paying off as its share price surges on the back of deals with the king...

POSCO to sell entire stake in P&O Chemical to OCI

POSCO Future M Co., a battery materials affiliate of South Korean steel giant POSCO Holdings Inc., will sell its entire stake in P&O Chemical Co...

Korea’s Tmax Group buys back software developer for $612 mn

South Korea’s Tmax Group bought back the software making unit it had sold to a local private equity firm two years ago to try to boost synergy...

NPS to veto SK Innovation’s merger with LNG affiliate

South Korea’s National Pension Service (NPS), manager of the world’s third-largest public pension fund, said on Thursday it is set to ve...

Samyang Roundsquare to recruit foreign interns

Samyang Roundsquare, the holding company of South Korea's Samyang Group, said on Friday that it recruits foreign interns with the potential for full...

CJ ENM’s CJ Onstyle bets big on live commerce

CJ Onstyle, the at-home TV shopping and e-commerce brand of South Korea’s content and commerce powerhouse CJ ENM Co., will embark on mobile li...

Kolon FnC to launch Italian high-end brand N21 in S.Korea

South Korea's Kolon FnC said on Thursday that it will launch the Italian high-end fashion brand N21 in South Korea.In August, Kolon FnC has secured ...

Korea tightens rules on Netflix, Spotify subscription billing

South Korea’s antitrust body is slated to tighten the leash on subscription businesses of streaming service providers such as Netflix Inc. and...

Mirae Asset, global investors eye gain from sale of Hanoi skyscraper

South Korea's Mirae Asset Securities Co. and shareholders in the three-building complex Landmark72, which encompasses the second-tallest skyscraper ...

What's wrong with making money from startup exits?

In South Korea, those who struck it rich from property investments are the subject of envy, but startup founders who make big money from their exits...

Korea Investment's Nasdaq 100 ETF surpasses $747 mn

Korea Investment Management Co. said on Thursday that the net assets of its ACE US Nasdaq 100 Exchange-Traded Fund (ETF) had surpassed 1 trillion wo...

BOK signals autumn rate cut as inflation, economic growth slow

South Korea’s central bank is likely to reduce interest rates in the next three months as inflation is expected to ease amid a slowdown in Asi...

LG Energy looks to battery safety diagnosis software business

LG Energy Solution Ltd., one of the world’s top battery makers, said on Wednesday it is entering the battery safety diagnosis software busines...

After Mercedes Fire, EV Owners Want to Know What Battery They Have

SEOUL—The uproar over a Mercedes-Benz electric vehicle that burst into flames in South Korea this month wasn’t only about fire...

Kolon Global, Hana Bank to form onshore wind power fund

South Korea's Kolon Global Corp. announced on Tuesday it signed an agreement with Hana Bank, Hana Alternative Asset Management, and MDM Asset Manage...

Korea's KEDI-based ETFs boom; net assets double in 2 months

South Korean exchange-traded funds (ETFs) tracking KEDI, an index set created by The Korea Economic Daily, are booming on growing investor demand fo...

Korea Investment, most generous venture capitalist in H1

Korea Investment Partners Co. spent the most on local startups among venture capitalists in the first half, while South Korean game developer Smileg...

Korea to punish copper scrap traders for illegal exports

BUSAN -- South Korea is set to punish copper scrap traders, mostly Chinese-operated, for illegal exports as nonferrous metal sector companies on the...

Korea’s Mirae Asset to open AI business unit in New York

Mirae Asset Group, the pioneer in South Korea’s mutual fund industry, plans to set up an artificial intelligence business unit in New York as ...

Korea’s household debt hits record high on mortage loans

South Korea’s household debt hit a record high in the second quarter as the domestic housing market started to recover and more consumers rush...

Asan Nanum Foundation revamps fund management

The Asan Nanum Foundation, a nonprofit foundation set up in 2011 to commemorate the 10th anniversary of Hyundai founder Chung Ju-yung’s death,...