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Philippines LCS Group buys Korea’s special purpose vessel maker

Philippines LCS Group buys Korea’s special purpose vessel maker

The Philippines’ LCS Group of Companies bought a South Korean special purpose vessel maker as it aims to supply defense products to the Southe...

Korea March inflation at 10-year high; bond yields surge

Korea March inflation at 10-year high; bond yields surge

South Korea’s consumer prices in March grew at the fastest pace in more than 10 years on surging energy and commodity prices, while the centra...

Korean manufacturers brace for higher emission costs

Korean manufacturers brace for higher emission costs

The increase in the price of carbon emission rights is dealing another blow to South Korean companies reeling from soaring raw materials and logisti...

Korea’s top adult webtoon platform targets global market

Korea’s top adult webtoon platform targets global market

Topco, South Korea’s top adult webtoon platform operator, is targeting the global digital comic market with the goal to expand its business in...

Venture capitalists in S.Korea enjoy record salaries in 2021

Venture capitalists in S.Korea enjoy record salaries in 2021

South Korea’s venture capitalists put record high investments into startups last year. Thanks to positive returns on investments, a number o...

Korea’s battery trio cornered by Chinese rivals’ overseas advance

Korea’s battery trio cornered by Chinese rivals’ overseas advance

China’s leading battery makers are actively advancing into overseas markets with plans to build manufacturing factories close to their clients...

SK On to raise $822.5 mn from Korean PEF consortium

SK On to raise $822.5 mn from Korean PEF consortium

South Korea’s SK On Co., the world’s fifth-largest electric vehicle battery maker, is set to raise up to 1 trillion won ($822.5 million)...

Korea manufacturers see dismal Q1 after stellar profits in 2021

Korea manufacturers see dismal Q1 after stellar profits in 2021

South Korean companies, especially manufacturers, suffered surging commodity prices, a weak won currency and global logistics disruptions in the fir...

SaaS provider Clika wants to lead S. Korea's MLOps market

SaaS provider Clika wants to lead S. Korea's MLOps market

The wider adoption of artificial intelligence around the globe calls for more data in the form of high quality photos, videos, and text. With t...

MBK seeks to exit Korea’s Lotte Card for over $2.5 bn

MBK seeks to exit Korea’s Lotte Card for over $2.5 bn

MBK Partners is in the early stages of talks with telecom operator KT Corp. and other potential bidders to sell its majority stake in South Korea's ...

Korea firms reconsider bond sale plans on surging yields

Korea firms reconsider bond sale plans on surging yields

South Korean companies are hesitating to raise funds on surging corporate bond yields. More firms are repaying existing debt and have postponed new ...

SK Hynix considers joint acquisition of UK chip designer Arm

SK Hynix considers joint acquisition of UK chip designer Arm

South Korea's SK Hynix Inc. is considering forming a consortium with other strategic investors to buy Arm Ltd., a British semiconductor design compa...

Korea shipbuilders to win mega tanker deals on rising LNG demand

Korea shipbuilders to win mega tanker deals on rising LNG demand

Orders for mega liquefied natural gas carriers have reemerged as demand for the gas has increased alongside the global push to cut carbon emissions....

Blue house brawl: South Korea spars over where next president will live

Blue house brawl: South Korea spars over where next president will live

SEOUL—South Korea’s political division runs so deep now that the country can’t agree where the next president should liv...

Korea won at three-year high vs yen on rate differentials

Korea won at three-year high vs yen on rate differentials

South Korea’s won currency on Monday hit its strongest point against the Japanese yen in more than three years on higher interest rates and co...

Kurly applies for Korea IPO to raise about $800 mn

Kurly applies for Korea IPO to raise about $800 mn

South Korea's Kurly Inc. on Monday applied for a preliminary review of its initial public offering, the Korea Exchange said, as the operator of groc...

MBK sees most productive year ever, returning $5.3 bn to investors

MBK sees most productive year ever, returning $5.3 bn to investors

MBK Partners will be bold in moving into more Asian markets this year, wrote the company's founder and chairman Michael ByungJu Kim, in his annual l...

Korea shipbuilders aim for strong demand on tougher rules

Korea shipbuilders aim for strong demand on tougher rules

South Korea’s shipbuilders targeted demand for new vessels and ship modification as tougher environmental regulations are scheduled to take ef...

Korea's major fashion firms rush to embrace content marketing

Korea's major fashion firms rush to embrace content marketing

Major South Korean fashion companies are speeding up their investment in content startups. F&F Holdings, the distributor of the US outdoor brand...

Kia plans new Korea plant first time in 25 years for purpose-built vehicles

Kia plans new Korea plant first time in 25 years for purpose-built vehicles

Kia Corp., South Korea’s No. 2 automaker, will set up a new domestic factory for the first time in 25 years to produce purpose-built vehicles ...

North Korea launches another unknown projectile

North Korea launches another unknown projectile

SEOUL—North Korea launched an unknown projectile off its east coast on Thursday, the military in Seoul said, as the Kim Jong Un regime conti...

South Korea's 2021 outbound FDI at record-high $76 bn

South Korea's 2021 outbound FDI at record-high $76 bn

South Korea's outbound direct investment in 2021 soared 32.8% from the year previous to a record-high $75.9 billion, led by financial investors and ...

Lotte Confectionery to merge with Lotte Food

Lotte Confectionery to merge with Lotte Food

Lotte Group will merge its confectionery and foodstuff businesses, South Korea's fourth-largest conglomerate announced Wednesday.Lotte Confectionery...

Samsung, Hyundai amass record-high levels of cash

Samsung, Hyundai amass record-high levels of cash

Major South Korean companies such as Samsung Electronics Co. and Hyundai Motor Co. have accumulated more cash than ever before amid growing uncertai...

SK tipped to be Korea's 1st group to issue digital coins

SK tipped to be Korea's 1st group to issue digital coins

SK Square Co., the investment arm of SK Group, is working on issuing its own digital currency within the year, according to people with knowledge of...

Korea names IMF official as new central bank head

Korea names IMF official as new central bank head

South Korea on Wednesday nominated veteran International Monetary Fund official Rhee Chang-yong as the country’s new central bank chief, who i...

Korea's hotel deals hit record-high $1.4 bn in 2021: JLL

Korea's hotel deals hit record-high $1.4 bn in 2021: JLL

Hotel deals in South Korea hit a record high of 1.7 trillion won ($1.4 billion) in 2021, up 80% from the previous year, said global real estate serv...

Korea's new asset managers survive with competitive edge

Korea's new asset managers survive with competitive edge

  Most new asset management firms in South Korea end up lagging the competition due to their smaller sizes. They suffer from operating losses ...

Korean online banks’ disruptive business model: Woo low-credit borrowers

Korean online banks’ disruptive business model: Woo low-credit borrowers

South Korea’s three major digital banks are stepping up their credit loans to borrowers with low credit ratings, a disruptive business model s...

Samsung Electro-Mechanics to invest $245 mn more in capex

Samsung Electro-Mechanics to invest $245 mn more in capex

South Korea’s Samsung Electro-Mechanics will spend more on increasing its semiconductor package substrate production capacity in order to meet...

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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