Daedong makes S.Korea’s first self-driving tractor

South Korea’s top tractor and farm machinery maker Daedong Industrial Co. has achieved the country’s first mass-production of self-drivi...

Korea's global real estate fund investors brace for losses

The combined balance of overseas real estate investment funds sold in South Korea saw a drop in their net asset value below the original value by 40...

MBK girds for eBay Korea deal as competition heats up

MBK Partners is the only financial bidder for eBay Korea, the wholly-owned unit of the US online retailer, which has drawn top Korean retailers, the...

Lotte buys S.Korea’s top secondhand e-commerce platform

South Korea’s retail giant Lotte is expanding its presence in the e-commerce sector with the acquisition of Joonggonara, the country’s l...

Shinsegae mulls 100% stake in Starbucks Korea

South Korea’s retail giant Shinsegae is reviewing ways to double its stake in Starbucks Korea from 50% to 100%, according to an industry sourc...

Global law firms in Korea hunt for talent amid growing outbound M&As

Leading international law firms with offices in South Korea are gearing up for growing legal service demand from local companies in their push for m...

Kakao’s private affiliates post record growth in 2020

South Korean tech giant Kakao’s unlisted subsidiaries have posted record-high growth figures for the previous financial year. According to Kak...

Korea VC FoF seeks offshore VC funds to commit $66 mn

The Korea Venture Investment Corp. (KVIC), which manages funds of venture capital funding vehicles, will pick offshore VC funds to commit around 75 ...

BofA replaces Korea IB head, country manager

Bank of America Merrill Lynch (BofA) has named managing director Cho Chanhee as its South Korean investment banking head to replace Park SeungGu who...

The BTS of social media: The next Facebook will come from South Korea

South Korea is hitting its stride as an innovator, but it’s an overnight success story over 20 years in the making. Coupang’s $60B IPO t...

Online fashion platform Musinsa raises $115 mn from VC firms

South Korea’s top online fashion retailer Musinsa has raised another 130 billion won ($115 million) from Sequoia Capital and IMM Investment, g...

eBay Korea draws SK Tel, Shinsegae and MBK

The sale of eBay Korea Inc., the country's third-largest online shopping platform, has attracted preliminary bids from leading Korean companies incl...

Delivery Hero kicks off sale of S.Korea's No.2 delivery app Yogiyo

Germany-based online food delivery service Delivery Hero SE has kicked off the sale process of South Korea's second-largest food delivery app, Yogiy...

BOK posts record 2020 net income on higher foreign asset gains

The Bank of Korea paid the second-highest amount of tax revenue in the country last year, trailing only Samsung Electronics Co., after the South Kor...

Retail trading surge continues in S.Korea with 40 mn active accounts

The daily schedule of this 26-year-old South Korean university student, identified by his surname Ahn, is not too different from that of a typical...

S.Korea’s top flexible PCB maker wins big in 5G and EVs

BH Co. is South Korea’s leading manufacturer of flexible printed circuit board (FPCB), an essential component of smartphones, from camera to O...

Korea’s Minari, other Asian content sweep Hollywood

In the US and European film markets, where movies directed by Westerners or non-Asian filmmakers have long dominated the industry, Asians are finall...

eBay Korea set to fuel rivalry between retail, online giants

The planned sale of eBay Inc.’s South Korean operations is gathering steam ahead of Coupang Corp.'s US stock market listing this week, with th...

Korean Air raises $2.9 bn in largest-ever share issue by Korean firm

Korean Air Lines Co. has raised 3.32 trillion won ($2.9 billion) from a new share sale as planned in the the largest-ever rights offering by a domes...

Korea Ratings forays into online due diligence for alternatives

South Korea’s leading credit rating and business valuation services provider, Korea Ratings, has stepped into the online due diligence service...

Offshore fund registration delays put asset managers in bind

South Korea's top financial regulator has been taking longer than the usual three months to review applications of offshore funds, dealing a heavy b...

Korea’s military fund looking for new financial division chief

South Korea’s Military Mutual Aid Association (MMAA) is looking for the successor of its financial division chief Kim Jae-dong, whose extended...

Affinity Equity set to acquire Korea’s top recruitment portal JobKorea

Affinity Equity Partners, a global private equity firm, is set to acquire the entire stake of South Korea’s top recruitment portal JobKorea &n...

Hyundai Heavy hires Korea Investment, 4 others as IPO managers

South Korean shipbuilder Hyundai Heavy Industries Co., which plans to list its shares on the local bourse this year, has mandated Korea Investment &...

Bain Capital to invest $360 mn in Korea’s top ERP developer

Bain Capital has agreed to invest around 400 billion won ($360 million) in South Korea’s leading enterprise resource planning (ERP) software d...

Korea remains world's 7th-largest exporter despite drop in exports

South Korea has maintained its position as the world's seventh-largest exporter despite its exports dropping by over five percent last year, accordi...

Korea’s Own 'Mother Sauces'

Korean food is all about ingredients. Not just fresh ingredients but ingredients that have been carefully preserved to last. While every cuisine has...

S.Korea’s birth rate decline accelerates to world’s lowest

The average birth rate in South Korea dropped to a fresh low of 0.84 last year, the world’s lowest, which population experts said will unlikel...

NPS posts near 10% returns for second straight year

The National Pension Service (NPS) has reported a provisional return rate of 9.7 percent in 2020, marking the second time for the South Korean pensi...

Founder of Korea’s top delivery app Baemin to donate over half his wealth

Kim Bong-jin, founder of South Korea’s top food delivery app Baedal Minjok, or Baemin in short, has committed to donating more than half of hi...