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...

IMB Dx eyes platform to detect stage 1 cancer with single draw of blood

IMB Dx Inc., a South Korean biotechnology startup focusing on diagnostic devices, plans to develop a platform that can detect early-stage cancer wit...

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...

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...

Korea forms ambitious public-private green ammonia alliance

South Korea has taken a major step forward in building the hydrogen economy by forming an extensive green ammonia alliance involving 13 private firm...

Bank of Korea sets stage for tightening after holding rates

South Korea’s central bank chief sent a strong indication of tightening later this year after the Bank of Korea (BOK) left its monetary policy...

BlackRock Real Assets makes first Korean offshore wind investment

BlackRock Real Assets, a unit of the world’s largest asset manager BlackRock Inc., has acquired a 100% equity stake in Korea Renewable Energy ...

Korea’s new PCR kits, devices to speed COVID-19 detection

South Korea’s biotechnology companies are releasing polymerase chain reaction (PCR) kits and equipment to detect COVID-19 infections within an...

Korean funds weigh overseas real estate exits in H2

Domestic office buildings and logistics centers dominated South Korean institutions' property transactions in the first half of this year, with fier...

7brau becomes Korea's second craft brewery en route to IPO

South Korea-based Seven Brau Co., or 7brau, is poised to become the country's second craft brewery to make a trading debut, following the footsteps ...

Korea’s auto parts makers post record revenues in 2020

South Korea’s auto components makers posted another year of strong sales in the global market last year, according to the Detroit-based Automo...

IMM PE to buy $1.3 bn stake in Korea’s top furniture brand Hanssem

Hanssem Co., South Korea’s largest furniture and home furnishing company, said on Wednesday its honorary chairman and other key shareholders h...

Korea Investment raises $600 mn in first foreign currency bond issue

Korea Investment & Securities Co. raised $600 million in its first foreign currency bonds at lower-than-planned interest rates on strong demand....