NH Investment gets APEC Cross Border Privacy Rules
South Korea's NH Investment & Securities announced Friday that it obtained the global personal information protection certification APEC Cross-B...
Taihan Cable wins $81 mn power network replacement order in US
South Korea's Taihan Cable & Solution Co. announced on Friday that it secured a project of 110 billion won ($81.5 million) to replace aging po...
Korea yet to join global bond index for capital inflows
South Korea has so far failed to be included on a global major bond index, denting hopes for capital inflows into Asia’s fourth-largest econom...
POSCO Future M named Fortune Asia Future 30
South Korea’s POSCO Future M Co. has been named Asia Future 30 by the US economic media Fortune on Mar. 27, according to the company on Thursd...
S.Korea, Thailand launch negotiations for EPA
South Korean and Thai governments declared the launch of negotiations for the Economic Partnership Agreement (EPA) on Thursday. South Korea’s ...
Qoo10 buys Korean department store AK’s e-commerce unit
Southeast Asia-based e-commerce platform Qoo10 Pte. has signed an agreement to acquire South Korean department store chain AK Plaza’s online s...
K Enter moves step closer to Nasdaq listing in May
K Enter Holdings Inc., an umbrella entity of South Korea-based entertainment companies creating original entertainment content and managing related ...
Universal Music acquires 10-year distribution rights to HYBE music
The world’s largest music company Universal Music Group (UMG) has struck an exclusive deal to distribute music from HYBE Co., the South Korean...
Euroclear to trade S.Korean treasuries via omnibus account from June
The National Tax Service (NTS) of South Korea said on Tuesday that Euroclear Bank SA/NV and Clearstream Banking S.A., two major clearing houses for ...
Wrtn opens free AI search service
South Korea's advanced tech startup Wrtn Technologies, a major player in generative artificial intelligence (AI), opened its free and unlimited AI s...
LG CNS to lead digital transformation at FPT in Vietnam
LG CNS Co., an information technology service company under South Korean conglomerate LG Group, will lead the digital transformation of FPT Group, a...
E-Mart offers voluntary retirement after 2023 loss
E-Mart Inc., South Korea’s largest supermarket chain, has launched a company-wide early retirement program for the first time in its 31-year h...
SM Entertainment founder invests $5.2 million in Mindlogic
K-pop pioneer SM Entertainment Co.'s founder and former Chief Producer Lee Soo-man is expected to invest up to 10 billion won ($7.5 million) in Mind...
Weak property market cuts into Korean securities firms’ profits
dd South Korea’s securities firms suffered a 20% fall in overall net profit last year hurt by the weak property market, adding to bearish vie...
Nongshim to build instant noodle plant in Korea for exports
Nongshim Co., South Korea’s top instant noodle maker, is set to build a new factory in the country for exports of ramen, or ramyun, for the fi...
Korean savings banks swing to loss after 9 years
South Korea’s savings banks turned to the red after nine years in 2023 as they put aside heavy reserves on future loan losses, with their loan...
S.Korea's drone market set for takeoff, led by startups
Starting in May, drones, not boats, will deliver parcels and even fried chicken to residents living on some of South Korea's remote islands unreacha...
Krafton eyes mega M&A, PUBG franchise deals: Krafton chair
Krafton Inc., South Korea’s gaming behemoth, is gearing up for the second chapter of its business through “mega” M&A deals and...
LG injects $97 mn into Vista Equity’s fund for new tech investments
LG Group, South Korea’s fourth-largest conglomerate, injected $97 million into a fund run by Vista Equity Partners Management LLC for investme...
Samsung rallies on expectations of Nvidia’s HBM order
SAN JOSE, Calif. – Samsung Electronics Co.'s stock zoomed on Wednesday after the world’s most famous AI chip provider Nvidia Corp. hinte...
Drug maker Boryung targets its highest-ever sales in 2024
Boryung Corp., formerly Boryung Pharmaceutical Co., aims to join the 1 trillion won ($748 million) sales club this year, driven by new chronic disea...
Sephora to exit S.Korean market in May
Sephora, the world's leading multi-brand beauty retailer and an affiliate of French luxury conglomerate LVMH, announced on Tuesday that it will exit...
Craft beer maker Jeju Beer sells stake to car repair company
South Korea’s leading craft beer maker Jeju Beer Co. has sold a controlling stake owned by its founder and family to a small domestic car main...
Korean investors’ yen savings flirt with record high
South Korean retail investors, hunting for bargains, have flocked to shovel in the Japanese currency hovering around its record low value in anticip...
Renault to invest $523 mn to build green car hub in Korea
Renault Korea Motors Co., grappling with a protracted slump without new releases, plans to invest more than 700 billion won ($523 million) by 2027 t...
IL Science enters UK silicon lens market
South Korea's IL Science Co. said on Monday that it signed a contract with the US-based automotive electronics company Polymer Optics to supply an i...
Celltrion'a autoimmune disease drug Zymfentra makes US debut
South Korean biopharmaceutical giant Celltrion Inc. said on March 17 that it has launched its new autoimmune disease treatment Zymfentra in the US m...
Korea struggles with surging copper scrap exports to China
South Korea’s nonferrous metal industry is scrambling for the procurement of copper scrap as China, the world’s top copper consumer, has...
LG Chem reshuffles R&D unit to turn into EV materials maker
LG Chem Ltd., South Korea’s largest petrochemical company, is strengthening its research & development capabilities as it aims to transfor...
GAS Entec wins order for Indonesian offshore plant
South Korea’s GAS Entec Co., the offshore plant design and modification form, has secured a contract to construct and operate a liquified natu...
