K-pop pioneer SM engulfed in management dispute

Kakao Corp., South Korea’s mobile platform giant and operator of the country’s top messenger app Kakao Talk, is set to become the second...

S.Korea to allow offshore investors to directly trade won

South Korea is set to allow offshore investors to directly trade the won and extend the operating hours of the local currency market from July next ...

South Korea's SK Ecoplant localizes core tech to make ultrapure water

South Korea's SK Ecoplant Co. is expanding its portfolio in the water industry through localizing core technology to produce ultrapure water (UPW), ...

Galleria Dept. Store's sales from foreigners increase 500% for past 6 months

South Korea's department store group Galleria Department Store said on Tuesday that for the past six months (between August last year and January th...

Korea's growing ETF market sees net assets jump $5.9 billion in Jan

The net assets and trading volume of South Korea's exchange-traded funds (ETFs) this year have seen major growth.The Korea Exchange on Monday said t...

S.Korea behind in ChatGPT race with zero AI unicorns

South Korea, one of the most wired countries in the world, lags far behind other countries in attaining unicorn startups in the artificial intellige...

Korea EV cell materials firms race for silicon anode market

South Korea’s secondary battery ingredient makers are rushing to develop silicon anode materials, next-generation core substances that signifi...

S.Korea-Australia renew $8.1 bn currency swap deal for 5 years

The Bank of Korea (BOK) and the Australian Central Bank have agreed to extend the valid date of the current Australian dollar/won currency swap cont...

LG Electronics honored for resolving consumer complaints

LG Electronics Inc. on Monday said it was named an "excellent business for independently resolving consumer complaints" by the Korea Consumer Agency...

Extraordinary Attorney Woo drives KT Studio Genie's turnaround

KT Studio Genie Co., an entertainment arm of South Korea’s telecom giant KT Corp., posted its first annual profit last year, driven by the meg...

S.Korea's Boryung receives EU GMP certification

South Korean pharmaceutical company Boryung announced that its production facility for anti-cancer injections in Yesan, South Chungcheong Province, ...

Citibank Korea provides $412 mn to POSCO for Argentine business

Citibank Korea signed on Jan. 25 a financial contract with POSCO Argentina, a subsidiary of South Korea's steel and secondary battery raw material g...

S.Korea's high-tech firms flood to US with heavy spending plans

South Korea’s large business groups are flooding to the US, with their pledged investments there exceeding $100 billion for the next two years...

Toray Korea to boost PPS resin production with expansion plan

Toray Advanced Materials Korea (TAK) has announced plans to increase its annual production capacity of polyphenylene sulfide (PPS) resin by 5,000 to...

Korea to legalize security token for fractional investment

South Korea is set to allow all kinds of fractional investments next year through the legalization of a security token (ST), a digital form of tradi...

Dongwon Industries in talks to buy McDonald’s Korea as exclusive suitor

Dongwon Industries Co. will discuss a deal with McDonald’s Corp. to buy the latter’s Korean operations in hopes of riding on the renewed...

Industrial Bank of Korea goes all in with Eastern Europe push

Industrial Bank of Korea (IBK) will open an office in Poland in the first half of this year, with analysts saying the bank's president Kim Seong-tae...

Nanodrug maker CEO calls on Yoon government for deregulation

South Korean startups won four out of the 23 Best of Innovation awards at CES 2023, the world’s largest tech show last month. Among the winner...

S.Korea's NIA to extend IT cooperation project with Kazakhstan

South Korea's state-run research institute National Information Society Agency (NIA) said on Friday that it had signed an agreement with Kazakhstan'...

LG Uplus narrows operating profit gap with bigger rivals in 2022

LG Uplus Corp., South Korea’s third-largest mobile carrier, reported more than 1 trillion won ($814.2 million) in operating profit in 2022 for...

LG Uplus, LS Electric partner to support S.Korea's small businesses

LG Uplus Corp., South Korea’s third-largest mobile carrier, said on Friday that it has entered into a partnership with LS Electric Co. to expa...

Korea Shipbuilding & Offshore Engineering ends fears over stock overhang

Korea Shipbuilding & Offshore Engineering (KSOE), a subholding company for shipbuilding, oil refining and machinery conglomerate HD Hyundai Co. ...

Korea’s new EV subsidy plan favors Hyundai over Tesla, other imports

South Korea is revising its electric vehicle subsidy plan in a way that favors local cars such as the Hyundai IONIQ 6 over imported vehicles, includ...

Meritz Securities poised to become Korea’s No. 1 for first time

Meritz Securities Co., once a mid-tier securities firm in South Korea, is expected to command the local market as No. 1 after earning more than 1 tr...

S.Korea's science minister calls small modular reactors 'game changers'

Minister of Science and ICT Lee Jong-ho on Thursday pledged full support for the development of small modular reactors (SMRs), which he called a "ga...

KAL introduces self-service bag drop for domestic flights

South Korea's flagship carrier Korean Air Lines Co. is the first airline in the country to adopt self-service bag drop on domestic flights.The compa...

S.Korea's online K Bank withdraws plan for Kospi listing

South Korea's K Bank has withdrawn its highly anticipated plan to hold an IPO this year in the judgement of a lower corporate value due to the slugg...

LG Energy inks $3.3 bn ECV battery deal for N.America, Europe

LG Energy Solution Ltd., the world’s third-largest secondary battery maker, has inked a supply deal estimated up to $3.3 billion for North Ame...

Korea’s inflation picks up 5.2% in January on high utility prices

South Korea’s headline inflation accelerated 5.2% year on year in January, reversing its course of slowing in the past two months due to gains...

NYLIM taps Sungyun Hong as head of Seoul office

New York Life Investments (NYLIM) has appointed Sungyun Hong as head of its Seoul office, the US asset management firm said on Wednesday. Hong ...