The BTS of social media: The next Facebook will come from South Korea

South Korea is hitting its stride as an innovator, but it’s an overnight success story over 20 years in the making. Coupang’s $60B IPO t...

Online fashion platform Musinsa raises $115 mn from VC firms

South Korea’s top online fashion retailer Musinsa has raised another 130 billion won ($115 million) from Sequoia Capital and IMM Investment, g...

eBay Korea draws SK Tel, Shinsegae and MBK

The sale of eBay Korea Inc., the country's third-largest online shopping platform, has attracted preliminary bids from leading Korean companies incl...

Delivery Hero kicks off sale of S.Korea's No.2 delivery app Yogiyo

Germany-based online food delivery service Delivery Hero SE has kicked off the sale process of South Korea's second-largest food delivery app, Yogiy...

Retail trading surge continues in S.Korea with 40 mn active accounts

The daily schedule of this 26-year-old South Korean university student, identified by his surname Ahn, is not too different from that of a typical...

S.Korea’s top flexible PCB maker wins big in 5G and EVs

BH Co. is South Korea’s leading manufacturer of flexible printed circuit board (FPCB), an essential component of smartphones, from camera to O...

Korea’s Minari, other Asian content sweep Hollywood

In the US and European film markets, where movies directed by Westerners or non-Asian filmmakers have long dominated the industry, Asians are finall...

eBay Korea set to fuel rivalry between retail, online giants

The planned sale of eBay Inc.’s South Korean operations is gathering steam ahead of Coupang Corp.'s US stock market listing this week, with th...

Korean Air raises $2.9 bn in largest-ever share issue by Korean firm

Korean Air Lines Co. has raised 3.32 trillion won ($2.9 billion) from a new share sale as planned in the the largest-ever rights offering by a domes...

Korea Ratings forays into online due diligence for alternatives

South Korea’s leading credit rating and business valuation services provider, Korea Ratings, has stepped into the online due diligence service...

Offshore fund registration delays put asset managers in bind

South Korea's top financial regulator has been taking longer than the usual three months to review applications of offshore funds, dealing a heavy b...

Korea’s military fund looking for new financial division chief

South Korea’s Military Mutual Aid Association (MMAA) is looking for the successor of its financial division chief Kim Jae-dong, whose extended...

Affinity Equity set to acquire Korea’s top recruitment portal JobKorea

Affinity Equity Partners, a global private equity firm, is set to acquire the entire stake of South Korea’s top recruitment portal JobKorea &n...

Hyundai Heavy hires Korea Investment, 4 others as IPO managers

South Korean shipbuilder Hyundai Heavy Industries Co., which plans to list its shares on the local bourse this year, has mandated Korea Investment &...

Bain Capital to invest $360 mn in Korea’s top ERP developer

Bain Capital has agreed to invest around 400 billion won ($360 million) in South Korea’s leading enterprise resource planning (ERP) software d...

Korea remains world's 7th-largest exporter despite drop in exports

South Korea has maintained its position as the world's seventh-largest exporter despite its exports dropping by over five percent last year, accordi...

Korea’s Own 'Mother Sauces'

Korean food is all about ingredients. Not just fresh ingredients but ingredients that have been carefully preserved to last. While every cuisine has...

S.Korea’s birth rate decline accelerates to world’s lowest

The average birth rate in South Korea dropped to a fresh low of 0.84 last year, the world’s lowest, which population experts said will unlikel...

Hyundai Motor, POSCO steelmaking tie-up to develop hydrogen tech

South Korea’s Hyundai Motor Co. and steel giant POSCO have agreed to jointly develop technology that uses hydrogen instead of coking coal to p...

Founder of Korea’s top delivery app Baemin to donate over half his wealth

Kim Bong-jin, founder of South Korea’s top food delivery app Baedal Minjok, or Baemin in short, has committed to donating more than half of hi...

Korea’s EV battery trio controls half of global market ex-China

South Korea’s LG Energy Solution Ltd. and two other major domestic electric vehicle battery makers have grown significantly, controlling more ...

Korea’s InfoPLUS sees growth potential in Vietnam’s fintech platform

Mirroring the other fast-growing economies in Southeast Asia, Vietnam is rapidly transitioning into a cashless society, with financial transactions ...

Korea’s Optrontec eyes growth in optical lens sales as EVs take off

Optrontec Inc., a small South Korean manufacturer and provider of optical filters, lenses and three-dimensional sensing technology, has been ramping...

Korean REIT backed by Amazon’s Japan warehouse eyes $280 mn IPO

A South Korean real estate investment trust (REIT) backed by Amazon’s largest logistics center in Japan and an office complex in Seoul is plan...

PI Advanced Materials emerges as high-tech golden goose

Back in 2019, SKC Kolon PI, a maker of industrial film, was put up for sale as the company’s two largest owners thought the business’s g...

South Korea claims top spot in 2020 global shipbuilding orders

South Korean shipbuilders won the most shipbuilding orders worldwide in 2020, overtaking China and claiming the lead in the global shipbuilding indust...

Korea Post names new CIOs of savings, insurance arms

Korea Post has appointed new chief investments officers of both its savings and insurance units, in an internal reshuffle of senior managers at the ...

Renault vows action if Korean unit fails to improve productivity, cut costs

French auto giant Groupe Renault has warned of stern action against its struggling South Korean unit, urging it to improve productivity and cut cost...

GM Korea to cut production; carmakers call for govt action

The South Korean arm of General Motors Co. has become the country’s first automaker forced to cut production due to the global semiconductor c...

Korea to lift short-selling ban on large stocks; retail investors resist

South Korea’s financial regulator has decided to allow the short selling of large-cap stocks from May 3 despite opposition from retail investo...