Hyundai Heavy becomes third-most subscribed Korean IPO

Hyundai Heavy Industries Co. became the third-most subscribed stock in South Korea after its initial public offering drew 1,130 trillion won ($968 b...

Korean conglomerates bet big on hydrogen, launch H2 council

South Korea’s major conglomerates are going big on hydrogen, launching a business council and investing heavily in related projects to gain th...

Daimler working with Korean EV battery makers

Daimler AG is working with South Korean battery makers, already using their technology for electric sport utility vehicles (SUVs) of Mercedes-Benz, ...

Streaming platform Mahocast eyes listing on Japan's Mothers market

TOKYO -- Japan-based concert streaming platform Mahocast, dubbed as the Netflix for concerts in Japan, is gaining attention as a venue for both musi...

Steel stocks rally on iron ore price falls, Q3 outlook

Shares in South Korean steelmakers rose sharply in active trade on Tuesday, on the prospect that the declining iron ore price and Chinese rivals' ou...

Philippines LCS Group to invest more in Korea tourism

The Philippines LCS Group of Companies plans to expand investment in South Korea’s tourism as the Northeast Asian country is expected to attra...

Korean beauty brand Too Cool For School is up for sale

Too Cool For School Corp., a South Korean budget makeup and beauty brand, is up for sale as its two co-CEOs and related parties aim to sell their en...

TikTok owner ByteDance in talks to invest $43 mn in Korea’s KidariStudio

South Korea’s online content platform KidariStudio Inc. will likely attract 50 billion won ($43 million) from China’s ByteDance Ltd., th...

Korean proptech startup RSquare enters Southeast Asia

South Korea’s online property platform RSquare aims Southeast Asian commercial real estate markets starting from Vietnam.RSquare said on Sept....

NPIXEL emerges as fastest Korean game company to become unicorn

South Korea-based game developer NPIXEL Co. has become the country’s fastest game company to join the unicorn club after raising 100 billion w...

Interpark draws cool response from Korean online giants

South Korea’s online retail platform Interpark Corp. has failed to drum up interest from the country's largest online platforms, including Nav...

Blackstone, Hahn & Co. to reap $800 mn from two Korean IPOs

South Korea's largest used car seller K Car Co., wholly owned by Hahn & Co., will go public on the country's main stock exchange in October, whi...

Game firms seeking strong IP extend ties with content makers

South Korean game developers and publishers are increasingly building business alliances with players in the content industry through equity investm...

Philippines LCS Group to join $1.7 bn Korean resort project

The Philippines LCS Group of Companies agreed to join a $1.7 billion resort development in South Korea, marking the first firm from the Southeast As...

Chinese, Korean carmakers penetrate Japanese-dominated Indonesia

Hyundai Motor Co. is set to start producing automobiles in Indonesia around the end of this year to attract drivers in the Southeast Asia’s ...

S.Korean govt to spend $5.4 bn to develop sensors, improve EV repair

South Korean government will spend 6.3 trillion won ($5.4 billion) next year in supporting the state-designated Big 3 industries: future vehicles, n...

Upbit dominates S.Korea’s crypto exchange with 80% market share

South Korea’s cryptocurrency exchange market is being dominated by the biggest platform Upbit that holds about 80% of all transactions made in...

Korean firms scramble for bond sales on further rate hike views

South Korean companies rushed to issues bonds as the Bank of Korea is expected to raise interest rates further, ramping up financing costs. Some war...

SK gas stations to become CJ Logistics micro-fulfillment centers

South Korea’s leading logistics company CJ Logistics Corp. teamed up with SK Energy to aim the domestic quick commerce market, utilizing gas s...

S.Korean millennials rush on Nasdaq and NYSE amid sluggish Kospi

South Korean millennials in their 20s and 30s are rushing to Nasdaq and the New York Stock Exchange (NYSE) amid skyrocketing real estate prices in t...

Amazon teams up with SK’s 11Street to offer Global Store for Koreans

SK Telecom Co.’s e-commerce platform 11Street Co. has teamed up with Amazon, the world’s largest online shopping mall, to offer the US c...

Korean conglomerates' ESG investment nears $100 bn

South Korea's top 10 conglomerates are rushing to foster eco-friendly businesses models with their investments into environment, social and governan...

Korean shipbuilders find relief in falling iron ore prices, rise in new orders

South Korea’s major shipbuilders expect to post improved earnings in coming quarters as falling iron ore prices put them in a stronger positio...

Korean household debt estimated to top $1.5 tn

South Korea’s household debt was estimated to have exceeded $1.5 trillion to reach a record high last month, and tighter monetary policies at ...

OsteoSys pioneers bone densitometer market for lab animals

South Korea-based OsteoSys Corp. aims to become the world's leading player in the bone densitometry market backed by its portfolio of high-tech bone...

Korean Air to retire all A380 jets over 5 years; B787 likely replacements

Korean Air Lines Co. (KAL) will retire its superjumbo fleet of 10 A380 passenger jets over the next five years, a move the South Korean flag carrier...

Koreans foreign stock holdings jump to record $545.4 bn

South Koreans’ foreign stock holdings jumped 50% to an all-time high as retail investors sought high returns from US shares whose gains ramped...

S.Korean firms start training AI professionals to address talent shortage

South Korea’s major business groups have started to foster their own talents in the field of artificial intelligence (AI) to address the widen...

AI startup Moloco raises near $150 million

Silicon Valley-based artificial intelligence startup Moloco Inc. has raised around 173.4 billion won ($148.1 million) in a recent funding round led ...

BlackRock Real Assets makes first Korean solar investment

BlackRock Real Assets, a unit of the world’s largest asset manager BlackRock Inc., has acquired an unspecified stake in Brite Energy Partners ...