Korean firms rush to sell real estate to raise cash

Korean firms rush to sell real estate to raise cash

South Korean companies are selling real estate and subsidiaries to raise cash as accelerating inflation, rising interest rates and the soft won all ...

Soaring renewable energy costs haunt top Korean firms

Soaring renewable energy costs haunt top Korean firms

Major South Korean conglomerates are stepping up efforts to switch to renewable energy, driving their electricity costs sharply higher amid low supp...

S.Korean defense stocks boosted by $7.6 bn deal with Poland

S.Korean defense stocks boosted by $7.6 bn deal with Poland

South Korean defense stocks got a boost from a 10 trillion-won ($7.6 billion) export deal with Poland announced last week. Korea Aerospa...

KT spurs content creation with hot Netflix drama Attorney Woo

KT spurs content creation with hot Netflix drama Attorney Woo

On the heels of South Korea's successful Netflix drama "Squid Game" comes drama series “Extraordinary Attorney Woo." It has topped the streami...

Korean smartphone parts makers' stocks rebound in July

Korean smartphone parts makers' stocks rebound in July

South Korea’s smartphone parts makers' shares are showing signs of a rebound following a steady decline since early this year. China’s s...

Korean Air, its white knight Naver close ranks in digital partnership

Korean Air, its white knight Naver close ranks in digital partnership

South Korea’s national flag carrier Korean Air Lines Co. and online platform giant Naver Corp. are expanding their business cooperation in dig...

Shinsegae to launch wholly owned US subsidiary on alternative meat

Shinsegae to launch wholly owned US subsidiary on alternative meat

Shinsegae Food Inc. announced Thursday it will launch its US subsidiary focused on alternative meat. The food arm of Shinsegae Inc. will inject...

SK, Naver to launch cloud services for Korean public institutions

SK, Naver to launch cloud services for Korean public institutions

South Korea’s leading cloud computing and software services providers are slated to join forces to launch a service for smart working in Korea...

POSCO Holdings Q2 profit down on higher raw material costs

POSCO Holdings Q2 profit down on higher raw material costs

POSCO Holdings Inc., the holding company of South Korea’s steel giant, reported a lower profit in the second quarter on rising raw material pr...

Aramco-backed Hyundai Oilbank drops IPO on market downturn

Aramco-backed Hyundai Oilbank drops IPO on market downturn

Hyundai Oilbank Co., a South Korean refiner backed by Saudi Aramco, withdrew its plan for an initial public offering as local stock markets tumbled,...

Louis Vuitton chairman to meet with heads of S.Korean department stores

Louis Vuitton chairman to meet with heads of S.Korean department stores

The chairman and chief executive of French luxury label Louis Vuitton is scheduled to visit South Korea next week and meet with the heads of three m...

Korean DL E&C to enter SMR biz with Canada’s Terrestrial

Korean DL E&C to enter SMR biz with Canada’s Terrestrial

South Korea’s construction company DL E&C Co. is set to make inroads into the small modular reactor (SMR) business for future growth ...

DigitalBridge names Korean Tae Ahn as Asia capital formation head

DigitalBridge names Korean Tae Ahn as Asia capital formation head

DigitalBridge Group Inc., a US digital infrastructure investment firm, announced on July 19 it has appointed South Korean Tae E. Ahn as managing d...

SK Square makes its first exit seeking new target firms

SK Square makes its first exit seeking new target firms

South Korean investment firm SK Square Co. has sold all of its shares in Korean biotech NanoEntek Inc., a 28.4% stake, for 58 billion won ($44.3 mil...

Naver Zepeto targets Middle East for global expansion

Naver Zepeto targets Middle East for global expansion

Naver Z Corp., the operator of Asia’s largest metaverse platform Zepeto, is set to accelerate its global expansion through localization, mainl...

South Korean firms roll out AI chatbots that tug at the heartstrings

South Korean firms roll out AI chatbots that tug at the heartstrings

If you are using artificial intelligence-powered chatbot services in South Korea, you may soon be receiving messages like this: “Would you lik...

Korean LPG firm E1 starts hydrogen fueling business

Korean LPG firm E1 starts hydrogen fueling business

South Korea’s major liquefied petroleum gas (LPG) distributor E1 Corp. made inroads into the hydrogen industry by setting up the eco-friendly ...

SK E&S to invest $25 mn in turquoise hydrogen firm Monolith

SK E&S to invest $25 mn in turquoise hydrogen firm Monolith

SK E&S Co., the natural gas business unit of South Korea’s SK Group, said on Monday it is set to invest $25 million in US turquoise hydrog...

Korean exporters anxious ahead of EU's supply chain law

Korean exporters anxious ahead of EU's supply chain law

The majority of South Korea’s small and medium-sized exporters are concerned about a possible cancellation of orders or difficulty in winning ...

Korean micromobility startup Swing launches biz in Japan

Korean micromobility startup Swing launches biz in Japan

South Korea’s shared micromobility startup The Swing Co. is making inroads in Japan, becoming the first domestic service provider in the secto...

Korean LCCs’ international flight recovery remains slow

Korean LCCs’ international flight recovery remains slow

South Korean budget airlines are seeing a slow recovery in international flights as key routes such as China and Japan have yet to normalize while t...

Won may head to 1,400 against the dollar for 1st time since 2008-09 crisis

Won may head to 1,400 against the dollar for 1st time since 2008-09 crisis

The South Korean won is expected to weaken to 1,400 against the dollar, a level not seen since the 2008-09 global financial crisis as the country&rs...

Affirma’s bolt-on M&A strategy shines in S.Korea

Affirma’s bolt-on M&A strategy shines in S.Korea

Affirma Capital is a small player in South Korea’s private equity market, but its successful bolt-on strategy helps the mid-cap-focused invest...

South Korea’s Mirae Asset Group bets $100 million on SpaceX

South Korea’s Mirae Asset Group bets $100 million on SpaceX

Mirae Asset Securities Co. is poised to invest $100 million in US spacecraft and satellite communication corporation SpaceX. The South Korean f...

Kakao steps back from conflict over Google's in-app payment

Kakao steps back from conflict over Google's in-app payment

South Korea’s Kakao Corp. has voluntarily removed an external payment link from the country’s largest messaging app KakaoTalk in complia...

Korean gaming entrepreneur Kim Jae-young joins billionaire ranks

Korean gaming entrepreneur Kim Jae-young joins billionaire ranks

Kim Jae-young, founder and chief executive of Lionheart Studio Corp., the company behind South Korea’s most popular mobile game Odin, has join...

Bain Capital, Lotte Chem. among shortlisted bidders for Iljin

Bain Capital, Lotte Chem. among shortlisted bidders for Iljin

A US private equity firm Bain Capital and South Korea’s major petrochemical manufacturer Lotte Chemical Corp. were among the shortlisted candi...

LG Innotek dwarfs Korean rivals with hefty investment plan

LG Innotek dwarfs Korean rivals with hefty investment plan

LG Innotek Co., a major supplier of camera modules for Apple iPhones, is the only South Korean company to announce a billion-dollar facility investm...

Samsung Engineering wins $680 mn gas plant project in Malaysia

Samsung Engineering wins $680 mn gas plant project in Malaysia

Samsung Engineering Co. has won a $680 million gas plant construction order in Malaysia from UK-headquartered energy giant Shell plc’s subsidi...

South Korean startups team up with convenience stores for drone delivery

South Korean startups team up with convenience stores for drone delivery

South Korean convenient stores are ramping up competition in the business of drone delivery. The initial target regions include the Seoul subur...

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