Hankook Tire seeks to evolve beyond tires, auto parts

Hankook & Company Co., the holding company of Hankook Tire & Technology Co., will ramp up battery production for energy storage systems and ...

South Korean VCs back US humanoid robot developer Apptronik

South Korean venture capital firms invested undisclosed tens of billions of won, equivalent to tens of millions of dollars, in US humanoid-developin...

Korea sees record February auto exports before looming Trump tariffs

South Korea enjoyed record February auto exports on strong demand in the US ahead of its looming tariffs, the government said on Tuesday, while the ...

Korea’s pension fund NPS rules out investing in MBK’s hostile M&A deals

South Korea’s National Pension Service (NPS) said on Monday it will not participate in investments related to hostile mergers and acquisitions...

S.Korea’s Hanwha acquires 9.9% in Australia’s Austal

South Korean chemicals-to-defense conglomerate Hanwha Group has taken a 9.9% stake in Austal Ltd., an Australian shipbuilder, for 183.3 million Aust...

Krafton invests in 10 overseas game startups in 2024

Krafton Inc. invested in 10 overseas game developers in 2024 in search of the next big franchise intellectual property (IP) following its mega-hit t...

NPS to buy stake in Australia’s Metrics to expand alternative investments

South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, has agreed to buy a stake in Australian asset mana...

S.Korea courts active funds for $140 bn treasury issuance

South Korea’s finance ministry will hold its largest-ever investor relations (IR) event for global institutional investors at the end of this ...

KB, Samsung SRA, Capstone named NPS’ core property fund operators

South Korea’s National Pension Service (NPS) has selected three asset managers to oversee its domestic core real estate platform fund — ...

Kia to release PV9 in 2029, retains CEO for 3 more years

Kia Corp. will release a new purpose-built vehicle (PBV) model every two years, with plans to launch the PV9 in 2029 and its first model, the PV5, t...

Samsung SDI to raise $1.4 bn in rights offering for facility expansion

Samsung SDI Co. will issue new shares worth 2 trillion won ($1.4 billion), its first rights offering in two decades, to fund bold facility and R&...

Korea’s Hanwha Ocean sends USNS Wally Schirra back to theater after MRO

A 210-meter, 40,000-ton US Navy vessel, heavily corroded and weathered from years of service, was pulled into Hanwha Ocean Co.'s shipyard in Ge...

NPS to mull responsible investment system for alternative investments

South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, is poised to consider expanding its responsible in...

Samsung to invest $10 million in US-based C2N Diagnostics

Samsung Group companies will jointly invest $10 million in C2N Diagnostics LLC, a U.S.-based company specializing in blood-based Alzheimer’s d...

China stock funds outperform US funds in South Korea

Chinese stocks are attracting South Korean investors looking beyond Wall Street amid the downturn in US Big Tech stocks.South Korea’s equity f...

K-beauty shake-up: APR, Shinsegae rise as Aekyung declines

South Korea’s beauty industry is undergoing a major reshuffle, with new players rising to prominence while established giants face growing com...

S.Korea’s pension fund NPS to overhaul alternative investment strategy

The National Pension Service (NPS), South Korea’s state-run pension fund and the country’s largest institutional investor, plans to intr...

Korean Air changes badge before full integration with Asiana Airlines

Korean Air Lines Co., South Korea’s largest full-service carrier, has undergone a major makeover of its corporate identity (CI) for the first ...

South Korea emerges as private equity firms’ global hub

New York-based Apollo Global Management and London-based Intermediate Capital Group (ICG) have joined the ranks of global private equity firms that ...

Hyundai Motor to build fuel cell plant in South Korea

Hyundai Motor Co. will build a local fuel cell plant in South Korea, accelerating its bid to create an entire hydrogen fuel cell value chain in line...

HD Hyundai to invest $206 mn to develop SMR ship

HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE), an intermediary shipbuilding holding company of HD Hyundai Co., will invest up to 30...

Trump-driven energy boom spurs Korean firms to hike US gas investments

WOODFORD, Oklahoma – A shale gas field in Woodford, Carter County was bustling with activity on Feb. 25.A team of engineers oversaw the drilli...

Korean snacks mesmerize global consumers amid K-pop popularity

South Korea’s snack exports soared to a record high in February, surpassing $40 million for the first time, as global demand surged amid the sus...

Seoul to lift curbs on banks' investment in kimchi bonds

South Korea will lift restrictions on banks' purchase of domestically issued foreign currency bonds, dubbed “kimchi bonds," as part of policy ...

MBK's fight for Korea Zinc control drags on after court ruling

The battle for control of Korea Zinc Inc. between an MBK Partners-led alliance and the zinc smelter’s Chairman Choi Yun-birm is evolving into ...

South Korea’s pension fund NPS risks massive loss from Homeplus fiasco

South Korea’s National Pension Service (NPS), the nation’s biggest institutional investor, could lose more than 1 trillion won ($692 mil...

Korea’s IGIS Asset puts top Seoul tourist area hotel on market

IGIS Asset Management Co., one of Asia's largest real estate investment firms, is set to sell a four-star hotel in Myeong-dong, a popular spot for f...

Hanwha Aerospace, L3Harris anchor Shield AI’s $240 mn funding

South Korean defense company Hanwha Aerospace Co. and US weapons systems developer L3Harris Technologies Inc. have led a $240 million funding round ...

S.Korea logs current account surplus in Jan; Growth slows

South Korea reported a current account surplus for 21 straight months in January but with a moderated gain largely due to a contraction in the goods...

Chinese games expand foothold in South Korea

Chinese games are making deep inroads into South Korea, increasing their presence in the mobile gaming market amid a lack of restrictions on foreign...