South Korea’s Hanwha bets big on Europe with Polish missile venture

South Korea’s Hanwha Group has deepened its European push by sealing a deal to build a joint venture in Poland to produce guided missiles, the...

Whirlpool alleges Samsung, LG rejigged product transfer prices to lower US tariffs

NEW YORK – Whirlpool Corp., the world’s top home appliances maker, has lodged a complaint with the White House, alleging that South Kore...

KPop Demon Hunters puts traditional Korean body scrub on tourist to-do list

The global success of the animated film KPop Demon Hunters has spilled over into traditional Korean spa culture: exfoliation treatments offered in p...

Overseas equity boom lifts foreign currency deposits to record levels in South Korea

South Korea’s securities firms are sitting on record levels of foreign currency deposits as retail investors pile into overseas securities, pr...

World’s top alternative investor Blackstone acquires Korea’s Juno Hair in $590 mn deal

US-based global private equity firm Blackstone Inc. has acquired Juno Hair, South Korea’s largest premium hair salon chain, in a deal that val...

Pantheon taps Korean investors for $4 billion infrastructure fund

Pantheon, a London-headquartered leading global private markets investor, has kicked off a $4 billion fundraising round for its latest global infras...

S.Korea’s US exports tumble in August as tariff shocks set in

South Korea’s exports to the US, one of its largest export destinations, fell by double digits in August, the first such decline since the hei...

Car sharing: appealing option among Korean MZers as young drivers shun ownership

Owning a decent car was long a status symbol in South Korea, particularly among young people.Such days are gone. Now, those in their 20s and 30s, mo...

S.Korean firms rush to retire treasury shares before law reform

South Korean companies are racing to cancel treasury shares ahead of a looming corporate law overhaul, with lawmakers set to weigh mandatory cancell...

Chinese milk tea brand Chagee to enter South Korea through JV

Chagee, one of the largest milk tea brands in China, is set to make inroads into South Korea through a joint venture (JV) with a local partner to ta...

South Korea eyes record 8.1% budget hike with big AI push

South Korea’s government on Friday unveiled its largest-ever budget increase, pledging to ramp up spending on technology and social programs t...

Korean VC firms lose appetite for investment in startups amid dearth of IPOs, M&As for exit

South Korea’s startup community is facing its sharpest funding squeeze in over a decade, as venture capital (VC) firms retreat from new invest...

South Korean asset managers step up push into private debt market

South Korean asset managers are ramping up private credit operations as global demand for nonbank lending grows in the wake of tighter bank regulati...

Korean stock surge drives 4.08% return for National Pension Service in H1

The National Pension Service (NPS), the world's third-largest pension scheme, posted a 4.08% return on investment in the first half of this year, wi...

Kep1er postpones China fan concert, dashing hopes of easing Korean Wave ban

K-pop girl group Kep1er has postponed its upcoming fan concert in China, reigniting doubts over the easing of Beijing’s long-standing restrict...

Hyundai Mobis pushes into robotics for edge in humanoid era

Hyundai Mobis Co., the auto parts arm of Hyundai Motor Group, will expand into robotics and automotive semiconductors in a bid to secure new growth ...

Next-wave K-Beauty brands chart growth without outside capital

K-Beauty’s rising stars are steering clear of outside capital, opting instead for self-financed growth supported by solid cash reserves, data-...

Netmarble’s Vampir sinks fangs into App Store’s No. 1 slot at launch

In less than a day – only eight hours after its debut – Netmarble Corp.'s Vampir had already drained the competition.The gothic-themed n...

Lee, Trump end first summit on cordial note, but questions remain

South Korea’s proposal to help revive the US shipbuilding industry proved pivotal in setting a positive tone for President Lee Jae Myung&rsquo...

Korea Inc pledges $150 bn US investment; KAL buys new planes, Samsung, Hyundai Motor vow extra spending

WASHINGTON, D.C. – South Korea’s biggest conglomerates have committed $150 billion in fresh investment in the US in a sweeping package t...

Korean dining chains sweep across US, boon for K-sauce  

Korean dining chains are springing up across the US, fueled by health-conscious eating trends and the surging influence of Korean pop culture, boost...

Korean tycoons head to US to support summit; Samsung likely to unveil fresh investment

The heads of South Korea’s largest conglomerates are heading to the US to support a Seoul-Washington summit, with investors watching closely f...

Over 10,000 Koreans hold more than 1 billion won in crypto assets

More than 10,000 South Koreans each hold cryptocurrencies worth over 1 billion won ($740,000), with their combined assets totaling 24 trillion won (...

Korea passes controversial ‘Yellow Envelope Act,’ inviting backlash from employers, foreign firms

South Korea’s Parliament has approved sweeping labor reforms known as the “Yellow Envelope Act,” prompting a fierce backlash ...

French specialty gas maker Air Liquide signs $2.9 bn deal to acquire DIG Airgas from Macquarie

Air Liquide SA, a French multinational industrial gas and services company, has signed a share purchase agreement to acquire South Korea’s DIG...

Korean firms eye $5 bn in bond sales as credit spread hits 14-mth low

South Korean companies are ramping up bond offerings ahead of the Korean Thanksgiving holiday in early October, taking advantage of falling interest...

Samsung’s US profit triples in H1 thanks to Galaxy phones

Samsung Electronics Co.'s US unit nearly tripled its profit in the first half of the year, defying concerns about steep US tariffs on foreign electr...

HD KSOE buys Doosan Vina for $207.5 mn in green ship push

HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) agreed to buy a full stake in Doosan Vina, the Vietnamese unit of Doosan Enerbility C...

Hyundai Motor to up ante in US with full hybrid lineup in 2026

Hyundai Motor Group plans to expand hybrid offerings across its entire US lineup to cushion profitability from US tariff fallout while hoping to nar...

JPMorgan, Morgan Stanley to meet with Korean regulators, financial chiefs to assess Korea risks firsthand

JPMorgan and Morgan Stanley executives, alongside dozens of overseas investors, will visit South Korea next month to meet with top policymakers and ...