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Korea's M&A market poised to bounce back after bleak Q1

Korea's M&A market poised to bounce back after bleak Q1

South Korea’s mergers and acquisitions market is poised to bounce back after a bleak first quarter, with 22.3 trillion won ($16 billion) worth...

Bubble tea chain Gong Cha struggles in its top market of Korea

Bubble tea chain Gong Cha struggles in its top market of Korea

Global leading bubble tea franchise Gong Cha Global Ltd.’s South Korean affiliate, which owns the beverage chain’s Japanese and Taiwanes...

As many as one in 10 residents in South Korea likely to be foreign by 2042

As many as one in 10 residents in South Korea likely to be foreign by 2042

The number of foreign residents in South Korea is expected to rise steadily in the coming years to account for up to 10.1% of the country’s to...

Korea’s HD Hyundai ties up with GE, L3Harris for warship exports

Korea’s HD Hyundai ties up with GE, L3Harris for warship exports

South Korea’s top shipbuilder HD Hyundai Heavy Industries Co. is joining hands with major US defense technology firms to expand its presence i...

RVs, SUVs sweep top 4 spots in South Korea’s first-quarter auto sales

RVs, SUVs sweep top 4 spots in South Korea’s first-quarter auto sales

Recreational vehicles (RVs) and sport utility vehicles (SUVs) achieved an unprecedented feat by claiming the top four spots on the list of best-sell...

Korea leads global online shopping trend for used luxury goods

Korea leads global online shopping trend for used luxury goods

South Koreans are leading the trend of buying used luxury goods online with top-end products such as Rolex watches and Hermes bags among the hottest...

Korea’s 'Seven Tigers,' next hot stocks: Hyundai Motor Securities

Korea’s 'Seven Tigers,' next hot stocks: Hyundai Motor Securities

Japan may have its Seven Samurai and the US its Magnificent Seven, but South Korea has "Seven Tiger" stocks thanks to the artificial intelligence ch...

End of the Whopper, Burger King's belated April Fool’s prank?

End of the Whopper, Burger King's belated April Fool’s prank?

Burger King on Monday announced a plan to stop selling its iconic Whopper hamburger in South Korea this month after 40 years, provoking an outcry am...

Korea’s makgeolli market hits brakes amid whiskey fad

Korea’s makgeolli market hits brakes amid whiskey fad

The market growth of South Korea’s traditional milky and often sweet rice wine, makgeolli, has slowed after the country’s younger genera...

Korea’s Sae-A Trading buys US sportswear maker Tegra

Korea’s Sae-A Trading buys US sportswear maker Tegra

South Korean textile maker and supplier Sae-A Trading Co. said on Tuesday it has signed a definitive agreement to acquire US sportswear maker Tegra ...

Kumho Tire to supply premium tires to Jeep, Peugeot in Korea

Kumho Tire to supply premium tires to Jeep, Peugeot in Korea

Kumho Tire Co., South Korea’s No. 2 tire maker, announced on Tuesday that it will supply tires to 33 official service centers nationwide for J...

Samsung C&T to build Korea’s first $103 mn hydrogen tank for power plant

Samsung C&T to build Korea’s first $103 mn hydrogen tank for power plant

Samsung C&T Corp., the construction and trading unit of South Korea’s Samsung Group, has clinched a 140 billion won ($103 million) deal to...

HD Hyundai Oilbank continues to fuel Superrace Championship

HD Hyundai Oilbank continues to fuel Superrace Championship

South Korea's HD Hyundai Oilbank announced on Monday that it will continue to exclusively supply fuel for the "2024 O-NE Superrace Championship," So...

Commercial vehicle guru Andersson leads MAN’s Korea, Australia businesses

Commercial vehicle guru Andersson leads MAN’s Korea, Australia businesses

Commercial vehicle veteran Peter Andersson is now managing MAN Truck & Bus SE’s businesses in South Korea and a cluster of Asia-Pacific co...

Korea’s LG telecom unit unveils AI agent with own technology

Korea’s LG telecom unit unveils AI agent with own technology

LG Uplus Corp., South Korea’s No. 3 mobile carrier, has introduced an artificial intelligence agent platform based on its own ixi AI technolog...

Coupang's PB SMEs in S.Korea triple in five years

Coupang's PB SMEs in S.Korea triple in five years

Coupang Inc., South Korea's leading e-commerce platform, announced on Sunday that the number of small and medium-sized enterprise (SME) manufacturer...

Korea’s Hansae MK targets global children’s fashion market

Korea’s Hansae MK targets global children’s fashion market

South Korean clothing retailer Hansae MK Co. selling National Basketball Association (NBA) apparel in the country aims to expand its presence with i...

Golf equipment maker Taylormade to refinance $222 mn of debt

Golf equipment maker Taylormade to refinance $222 mn of debt

One of the South Korean owners of Taylormade Golf Co., a leading global golf equipment maker, is set to refinance its 300 billion won ($221.7 millio...

Louis Vuitton opens its first 'Watches & Jewelry' store in S.Korea

Louis Vuitton opens its first 'Watches & Jewelry' store in S.Korea

Louis Vuitton announced on Friday that it opened its first Watches & Jewelry store in South Korea at the Shinsegae Department Store Gangnam loca...

AliExpress, Temu threaten Coupang’s lead in S.Korea

AliExpress, Temu threaten Coupang’s lead in S.Korea

Coupang Inc. is the only South Korea-native e-commerce platform with more monthly active users than China's e-commerce giants AliExpress and Temu in...

Korean big tech firms join Korea’s AI strategy council

Korean big tech firms join Korea’s AI strategy council

The South Korean government has launched an artificial intelligence strategy council, jointly with domestic big tech firms such as Naver Corp. and K...

S.Korea’s current account surplus near 3-year high on chips

S.Korea’s current account surplus near 3-year high on chips

South Korea’s current account surplus touched a near three-year high in February as goods exports continued to grow on strong overseas sales o...

Hanatour makes turnaround through restructuring, premium packages

Hanatour makes turnaround through restructuring, premium packages

When IMM Private Equity Inc. acquired a 16.68% stake in South Korea’s top travel agency Hanatour Service Inc. for 128.9 billion won ($95.7 mil...

Nongshim Kellogg overtakes Dongsuh as Korea’s top cereal maker

Nongshim Kellogg overtakes Dongsuh as Korea’s top cereal maker

Just a few years back, cereals meant cornflakes eaten with milk during busy mornings in South Korea.Nowadays, however, cereals mean granola made of ...

Renault Korea changes emblem

Renault Korea changes emblem

Renault Korea has changed its emblem from the Eye of the Typhoon, used since its days as Samsung Motors, to the company's global emblem, the Losange...

Korea’s Shinhan to invest $180 mn in India’s HDFC Credila

Korea’s Shinhan to invest $180 mn in India’s HDFC Credila

South Korea’s Shinhan Bank is set to invest $180 million in HDFC Credila Financial Services Ltd., India’s largest education loan provide...

Korea reclaims crown from China as world’s top shipbuilder

Korea reclaims crown from China as world’s top shipbuilder

South Korea reclaimed the crown from the Chinese as the world’s largest shipbuilder after three years last quarter, sweeping global orders for...

HMM, SIPG to cooperate on eco-friendly fuel

HMM, SIPG to cooperate on eco-friendly fuel

South Korea’s major ocean carrier HMM Co. announced on Wednesday that it signed a Shanghai Port Clean Marine Fuel memorandum of understanding ...

Blight of failing e-commerce startups in South Korea

Blight of failing e-commerce startups in South Korea

Linkshops, once touted as a future unicorn candidate in South Korea, declared bankruptcy last month even after garnering 15.4 billion won ($11.4 mil...

KOTRA operates S.Korea's pavilion at Vietnam Expo

KOTRA operates S.Korea's pavilion at Vietnam Expo

The Korea Trade-Investment Promotion Agency (KOTRA) announced on Wednesday that it has operated the South Korean Pavilion at the 2024 Vietnam Expo, ...

Is chip winter over? Doomsayers gone as Korea’s DRAM exports surge S.Korea to have 1st civilian defense minister in decades, tap career technocrats Fubon Bank expands Korea presence into banking Hana Asset launches ultra-low-fee Nasdaq 100 ETF Even barcodes copied: Counterfeits invasion threatens K-brands

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