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...
Hanwha wins $1.6 billion order to build 6 container ships for Evergreen
Hanwha Ocean Co., a leading South Korean shipbuilder, said on Monday it has won a 2.33 trillion won ($1.61 billion) order to build six eco-friendly,...
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...
Kia to ramp up Seltos output to meet high global demand
Kia Corp. will expand production of its compact sport utility vehicle, the Seltos, after selling 310,000 units of the model across the globe, making...
Magnachip to sell display business in H1 to focus on power semiconductors
South Korean chipmaker Magnachip Semiconductor Corp. plans to sell its display business by the end of the first half as part of a strategic shift to...
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 ...
MBK Partners under Korean tax agency scrutiny
MBK Partners, a leading North Asia-focused private equity firm, has come under a probe by South Korea’s National Tax Service (NTS) amid the br...
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...
LX Pantos acquires logistics center near Atlanta for $120 mn
LX Pantos Co., a logistics arm of LX International Corp., announced on Tuesday it has acquired a logistics center near Atlanta in Dalton, Georgia fo...
Naver’s Webtoon hints at ad business expansion in 2025
Webtoon Entertainment Inc., the Nasdaq-listed storytelling platform operator under South Korea’s internet giant Naver Corp., is set to expand ...
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...
Korean court cancels Yoon’s detention; Insurrection case continues
A South Korean court on Friday cancelled impeached President Yoon Suk Yeol’s detention warrant, ordering him to be released from jail, althoug...
SK Hynix to exit image sensor market to focus on AI chips
SK Hynix Inc. will shutter its image sensor business as the South Korean memory giant doubles down on the development of premium artificial intellig...
Trump says Korea interested in Alaska gas project; Korean firms skeptical
South Korea, Japan and other countries want to partner with the US in a $44 billion natural gas pipeline project in Alaska, President Donald Trump s...
MBK commits to restoring Homeplus operations: MBK Vice Chairman Kim
MBK Partners, facing increasing scrutiny over its highly leveraged acquisition of Homeplus Co., has pledged to go all-out to restore the struggling ...
S.Korean grocery delivery platform Oasis at forefront to acquire TMON
South Korea’s grocery delivery platform Oasis Corp., which has been looking to expand its e-commerce market at home and abroad, is seeking to ...
Hyundai Motor spins off 4 in-house startups in energy, AI, mobility
South Korea’s auto behemoth Hyundai Motor Group has spun off its four in-house startups with innovative technologies in mobility, automation a...
China under spell of Korean spicy instant noodles; Samyang leads
South Korea’s spicy instant noodles are poised to captivate China, the world’s largest ramen market, with their shipments to the neighbo...
SK Telecom to secure stake in IonQ, forges quantum partnership
South Korea’s largest telecom company SK Telecom Co. will acquire about a 3% stake in IonQ Inc., the world’s first publicly traded quant...
S.Korean investors name their 33 favorite alternative asset managers
Blackstone and HarbourVest Partners are South Korean institutional investors’ preferred private equity firms, according to a survey by Korea I...
Sono Hospitality becomes new owner of Korean budget carrier T’way Air
South Korea’s top resort operator Sono Hospitality Group has emerged as the new owner of budget carrier T’way Air Co. by acquiring ...
One-third of Korean petrochem bonds incur valuation losses
South Korean institutional investors, including banks, insurers and securities companies, have yet to fully benefit from recent declines in bond yie...
Samsung lowers bar on hiring foreign talent in South Korea
South Korea’s biggest business group Samsung has sweetened the pot to win the technology talent war by lowering the bar for new hires of forei...
Korean court rules in favor of Samsung Bioepis over Regeneron’s Eylea
A South Korean court on Friday ruled in favor of Samsung Bioepis Co. in a patent dispute against Regeneron Pharmaceuticals Inc., a US pharmaceutical...
LG Electronics deepens ties with US startup Apex.AI
LG Electronics Inc. has invested in Apex.AI, a US-based startup developing safety-certified software designed to accelerate the transition of softwa...
KKR recoups $206 mn in block sale of HD Hyundai Marine shares
Global private equity firm KKR & Co. Inc. has succeeded in cashing out of its stake in HD Hyundai Marine Solution Co. for 295 billion won ($206 ...
LG renames premium built-in appliance brand; Moody’s outlook up
LG Electronics Inc., South Korea’s top appliance maker, has rebranded its 10-year-old premium built-in kitchen appliance business to double do...
Meritz cheers record profit in 2024, boasts top 3 market cap
Meritz Financial Group Inc. has reported its best-ever net profit for last year thanks to handsome gains from investments by its insurance and secur...
S.Korea’s Hanwha eyes L-SAM exports with UAE’s EDGE
Hanwha Group’s Vice Chairman and heir apparent Kim Dong-kwan is on the front line to export South Korea's latest homegrown air defense system ...
