Strong Korea Q2 growth keeps rate hike stance despite COVID-19 risks
South Korea's economy reported strong growth on healthy private consumption in the second quarter, keeping expectations of an interest rate hike lat...
Metaverse platform Maxst makes strong debut on Kosdaq
South Korea-based metaverse platform Maxst Co. made a strong debut on the country’s tech-heavy junior bourse Kosdaq on July 27 with its share ...
Korea’s major banking groups post record-high earnings in H1
South Korea’s major banking groups have posted the highest-ever net profit figures in the first half of this year. Shinhan Financial Group rep...
Food Delivery in Korea 101
With the recent spike in daily new Covid-19 cases, it’s a good time to review the great delivery options that are available in Korea. Delivery...
PEFs claim one-third of S.Korea's M&A deals in H1
Private equity firms (PEFs) have participated in one in every three buyout deals involving South Korean companies in the first six months of the yea...
KOGAS attempts to expand LNG bunkering as global demand grows
Korea Gas Corp. (KOGAS) aims to expand liquefied natural gas (LNG) bunkering business as global demand for cleaner fuels for ships is growing.LNG bu...
CJ Bibigo challenges kimchi leadership in Korea
CJ Cheiljedang Corp. may overtake Daesang Corp.’s leadership in Korea’s packaged kimchi market for the first time in history. According ...
Metaverse giants Roblox and Naver compete to attract Korea's Gen Z
South Korea’s metaverse gaming market is about to heat up with the country's leading 3D avatar platform Zepeto rolling out a game development ...
LS Cable to build Korea’s tallest cable production tower, invest $161 million
LS Cable & System Ltd. is investing 185.9 billion won ($161 million) to expand its high-voltage underwater cable manufacturing facilities, inclu...
GIC set to buy stake in Starbucks Korea for $700 mn
Singapore's sovereign wealth fund GIC Private Ltd. is set to sign an agreement next week to buy a 30% stake in Starbucks Korea from the coffeehouse ...
COVID-19 shakes up Korea’s list of richest stock owners
The COVID-19 pandemic has shaken up the list of Korea’s richest people in terms of stocks held. Among the 20 richest share owners in Korea as ...
Korea’s heavy machinery makers continue strong performance in Q2
Korean construction and heavy equipment manufacturers have posted strong results in the second quarter, maintaining the trend of recovery from the f...
China, S.Korea top BofA's emerging markets list
South Korea was picked as one of the two most attractive emerging markets along with China thanks to the country's fast digitization and low vulnera...
KakaoBank's IPO draws $2 tn in bids despite valuation debate
The initial public offering of South Korea's KakaoBank has drawn the largest-ever amount of bids from institutional investors for a domestic listing...
Korea Shipbuilding delivers dismal Q2 loss on higher steel plate prices
Korea Shipbuilding & Offshore Engineering Co. (KSOE), a leading South Korean shipbuilder, on Wednesday posted a dismal quarterly operating loss ...
S.Korea closer to banning Google's in-app billing system
South Korea is a step closer to stopping app store operators like Google Inc. and Apple Inc. from requiring all digital content purchases from apps ...
Samsung Galaxy boosts YouTube Music’s market share in Korea
YouTube is quickly growing in South Korea’s music market, the world’s sixth-largest. The number of YouTube Music’s monthly active ...
Soaring metaverse stocks face mixed outlook in Korea
The share prices of South Korean metaverse companies have skyrocketed throughout this year, in an environment where fan meetings, press conferences ...
Nintendo Korea logs record-high revenue despite boycott of Japanese goods
Japanese video game giant Nintendo Co. posted an all-time high revenue in South Korea last year despite consumers boycotting Japanese products. The ...
Lee Kun-hee’s art collection exhibited from this month in Seoul
The lavish art collection donated by the Samsung Group following the death of group chairman Lee Kun-hee will be shown to the public from July 21. The...
Disney Plus' S.Korea launch delayed after Netflix's court loss
Disney Plus, a global over-the-top (OTT) streaming service provider, has pushed back its South Korean service launch by about a quarter to the end o...
Kakao’s Ground X to work on Korea central bank digital currency initiative
Kakao Corp.’s blockchain arm Ground X was selected as a simulator for the Bank of Korea-led central bank digital currency (CBDC) project, beat...
Fried chicken chain BHC set to acquire Outback Steakhouse Korea
South Korea’s second-largest fried chicken brand BHC Group has been named the preferred negotiator to acquire a 100% stake in the Korean opera...
SK Materials to form a JV with US battery startup Group14 Technologies
SK Materials Co., SK Group’s industrial gas manufacturing arm, will set up a joint venture (JV) with a US battery materials startup Group14 ...
Samsung Heavy aims renewable energy markets with offshore wind floater
South Korea’s Samsung Heavy Industries Co. unveiled an offshore wind floater to branch out into renewable energy markets at home and abroad. ...
Korea’s cash-rich firms issue more bonds amid low interest environment
Some of the most cash-abundant firms across different industries in South Korea are issuing large amounts of bonds to raise even more funds amid a l...
SpaceX to launch S.Korea’s next-generation satellite
Elon Musk’s SpaceX and Korea Aerospace Industries (KAI) have joined hands to develop next-generation mid-sized satellite projectiles, suggesti...
LG Elec to shift to 100% renewable energy by 2050
LG Electronics Inc. on Sunday unveiled a plan to make a complete transition into renewable energy for its operations both at home and abroad by 2050...
Korea Inc. rush to sell property, new shares to fund new business
South Korea’s major companies are rushing to secure cash to fund new business. Some have sold or securitized property, while others issued n...
Kakao Pay must refile IPO registration statement to FSS
South Korea’s financial regulator Financial Supervisory Service (FSS) on July 16 requested correction of Kakao Pay’s IPO registration st...
