Doosan Enerbility to supply offshore wind substructures to Orsted

South Korea’s leading power plant builder Doosan Enerbility Co. said on Thursday that its Vietnamese subsidiary has signed an agreement to pro...

Korea's premium pet food market sees rapid growth

Korea's pet food market is getting more sophisticated, with brands appearing whose products are even more expensive than food for humans despite hav...

TPG to sell off Korean luxury tile firm Nox's parent for $421 mn

US alternative investment manager TPG Inc. is poised to sell a 65% stake in South Korea’s Moleem Corp., the parent of global leading luxury vi...

SK Chair Chey advises startups to address social issues for viability

In an event that marked the 10-year anniversary of startup accelerator SparkLabs, South Korean business magnate Chey Tae-won said now is the time fo...

Korean Air soars with best quarterly results in its history

Korean Air is flying high after breaking its quarterly record for the second time this year thanks to growing profits from passenger flights as well...

Korean LED maker marks 100th victory in global patent wars

Seoul Semiconductor Co., the world’s second-largest light-emitting diode (LED) display maker, won a patent lawsuit in Germany, setting a recor...

Hyundai Oilbank extends US fuel export deal with Sunoco

Hyundai Oilbank Co. extended a deal with US independent fuel distributor Sunoco LP to export petroleum products to Hawaii as the South Korean refine...

SpaceX to receive $44 mn injection from Korean high-net-worth individuals

South Korea’s Mirae Asset Securities Co., which committed $100 million to Elon Musk’s Space Exploration Technologies Corp. (SpaceX) in J...

LG Electronics, 6 stellar startups to jointly develop B2B growth engines

LG Electronics will team up with promising startups to discover and develop new growth engines for business-to-business (B2B) operations. LG Electro...

Corporate VC veterans pinpoint their best investments 

South Korean conglomerates in recent years have ramped up their investment in startups, yielding positive returns. Hyundai Motor Co. Vice Pre...

Korea's KB Securities to earn market's 1st quadruple crown

In a first for a Korean brokerage, KB Securities has led all major performance categories this year and could achieve the domestic sector's first "q...

Select Korean companies seek to raise cash reserves

Several corporations have recently sold stocks and real estate apparently to boost liquidity and repay maturing debts amid the "three high" era of h...

Korean American women leaders in finance stress finding joy in work

NEW YORK – One by one, impeccably dressed Korean American women flocked into the Anchorage Capital Group’s headquarters in New York City...

Korean Air to introduce new planes, spend $1.7 bn on safety

Korean Air Lines Co., the country’s flag carrier, plans to bring in new airplanes and spend $1.7 billion on safety measures after a recent spa...

Market Kurly drops Market from platform name to expand business scope

South Korea’s Kurly Inc. has changed the name of its grocery delivery service platform Market Kurly to Kurly as part of its corporate strategy...

Small Korean life insurer further rattles bond market

A South Korean small insurer has made a rare decision not to buy back dollar perpetual bonds, in the first such case for the country’s issuers...

Hyundai, Kia post record hybrid vehicle sales in US in October

Hyundai Motor Co. and Kia Corp., which are gradually increasing their presence in the US market, saw their hybrid vehicle sales reach an all-time hi...

Dongwon Industries reborn as holdings company after 53 years

Korea's seafood giant Dongwon Industries on Wednesday said its completed merger with Dongwon Enterprise has given their parent Dongwon Group a new h...

Public-private battery alliance launched to source critical minerals

The South Korean government, in tandem with the private sector, launched a battery alliance on Tuesday in a bid to support the companies in sourcing...

Foreign PE firms on hunt for Korea Inc. with strong dollar

Foreign private equity firms have taken advantage of the strong dollar to dominate corporate acquisition deals in South Korea, adding to expectation...

Naver Webtoon to pursue profits with Yonder app launch in US

South Korea’s Naver Webtoon Corp. has been successful in the domestic market with its loyal subscribers willing to pay to read a diverse libra...

Domino’s Korea to use third party delivery agents, the franchise's first case

It took a whole year for Domino’s Korea to convince the Michigan-based delivery pizza behemoth for an exemption to its corporate guidance of u...

Germany’s MBraun, Korean university to co-work on solar cells: CEO

MBraun, an affiliate of Germany’s Indus Holdings AG, plans to invest 1 billion won ($702,000) in a South Korean university as part of a deal t...

Korea’s Peak Bio makes Nasdaq debut via SPAC deal with Ignyte

Peak Bio Co., a South Korean biopharmaceutical company, is debuting on the Nasdaq through a merger with US blank cheque company Ignyte Acquisition C...

Rising interest rates reshuffle Korean market cap list

Rising interest rates amid a slowing global economy rattled South Korean companies’ market capitalization rankings, bumping online players suc...

Vietnamese MZers ensnared by K-beauty, K-fashion, K-everything

HANOI – Vietnam’s young people are avid fans of Korean culture, collectively known as Hallyu. Trang, a 21-year-old college student, is o...

Korean EV charging startup to launch business in Indonesia

South Korea’s electric vehicle charging platform startup is set to make inroads into Indonesia, a prospective EV market with the world’s...

KIC to focus on tech ventures, private debt, infrastructure

Korea Investment Corporation (KIC) will continue to look for opportunities in private debt and venture capital investment with mid- to long-term gro...

Singapore PE firm proposes KT&G spin off ginseng biz

A Singaporean private equity firm has proposed a number of measures to KT&G Corp., the world’s fifth-largest tobacco maker, including a sp...

Korean banks log record profits on rising interest rates

South Korea’s major financial groups enjoyed record quarterly earnings as higher policy interest rates increased lending rates, powering the p...