GM Korea to halt 2 main plants next week on automotive chip shortage

The South Korean unit of US auto giant General Motors Co. will halt two of its three plants next week in the latest sign of the worsening global aut...

POSCO to build S.Korea’s first lithium plant by 2023

South Korea’s leading steelmaker POSCO will build the country’s first lithium extraction factory in Gwangyang, 300 km south of Seoul, al...

IMF warns against South Korea's debt explosion

South Korea needs to closely monitor government spending to avoid a future debt explosion given its rapidly aging population, according to a senior ...

Global infra boom revives S.Korea’s heavy equipment sector

South Korea’s heavy machinery manufacturers are making a strong start this year, reporting the highest first quarter revenue figures since 201...

Facebook's operating profit surges sixfold in S.Korea; tops $10 mn

Last year's South Korea-based earnings for some global IT firms were disclosed publicly for the first time only this year, following a revision to...

Outback Steakhouse Korea put up for sale by PEF

South Korea-based private equity firm Skylake Equity Partners is seeking to sell a 100% stake in Outback Steakhouse Korea, as the PE firm and sale m...

S.Korea rolls out next-generation fighter jet KF-21 with local technology

South Korea on Friday unveiled a prototype of its homegrown fighter jet, the KF-21, two decades after it vowed to develop a next-generation superson...

Korea state agency sells $134 mn Woori Fin shares

The Korea Deposit Insurance Corp. (KDIC) has reduced its stake in Woori Financial Group to 15.25% by selling 149.2 billion won ($134 million) worth ...

Korean PE Centroid among shortlisted bidders for TaylorMade Golf

South Korea’s lesser-known private equity firm Centroid Investment Partners is among the shortlisted candidates for US sports equipment manufa...

Kakao to buy fashion app, pushing aside eBay Korea

Kakao Corp., South Korea's top mobile messaging app operator, is set to acquire a majority stake in Zigzag, a domestic online fashion platform targe...

S.Korea's color cosmetics leader C&C to list in May

South Korea’s leading color cosmetics manufacturer C&C International Co. will be listed on Kosdaq in May, with expected market capitalizat...

Sale of Korea’s No.2 delivery app Yogiyo kicks off with May 4 prelim bid

The sale of South Korea’s second-largest food delivery app Yogiyo has kicked off with the sell-side issuing an information memorandum to poten...

S.Korea's public debt tops GDP for first time in 2020

South Korea's government debt surpassed its gross domestic product for the first time in 2020, with public debt reaching its highest level ever foll...

Baby Shark creator Pinkfong emerges as S.Korea's 13th unicorn

SmartStudy, a South Korean edtech firm behind global YouTube hits Pinkfong and Baby Shark Dance, has become the country’s 13th unicorn startup...

Stock, bond issues in S.Korea set for a record year in 2021

South Korean companies, having raised 30 trillion won ($27 billion) in both equity and bond issues in the first quarter of this year, are on course ...

Morgan Stanley tops Korea's Q1 M&A league table

Morgan Stanley reclaimed its top position in South Korea's M&A advisor league table in the first quarter of this year for the first time in two ...

Korea’s top delivery app operator Woowa joins 1 trillion won sales club

Woowa Brothers Corp., the operator of South Korea’s top food delivery app Baedal Minjok, commonly known as Baemin, has joined the 1 trillion w...

How South Korea can prevent a self-defeating green recovery

The rules of economic growth have changed. From the disruption of the COVID-19 pandemic, governments have emerged with renewed sense of purpose, activ...

South Korea's secondary battery exports reach all-time highs for 5 years in a row

Despite worsening economic conditions due to the COVID-19 crisis, South Korea’s secondary battery business saw a rise in its key indicators, inc...

U-One R2M: S.Korea’s pioneer of rubber-to-metal adhesive

An engine mount is the part of a vehicle that holds the engine in place while at the same time reducing engine vibration. So-called “anti-vibr...

IMM PE exits S.Korea's No.2 electric wire manufacturer

Seoul-based IMM Private Equity has fully exited its 300 billion won ($265 million) investment in the country's No. 2 electric wire manufacturer by s...

Inflation fears spread in S.Korea amid wage hikes

Inflation figures have entered a rising trend in South Korea amid ongoing competition across industries for higher wages. The country’s expect...

Hellman & Friedman set to gather $500 mn from Korea

San Francisco-based private equity firm Hellman & Friedman (H&F) is expected to gather $500 million from South Korea's three key investors -...

SK Tel, Shinsegae, Lotte, MBK make the cut in eBay Korea deal

Four out of the five preliminary bidders for eBay Korea, including SK Telecom Co. and MBK Partners, have made the cut in the deal estimated at aroun...

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...