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...

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...

Carlyle, GS Group to buy Korean dental scanner maker

US private equity giant The Carlyle Group and South Korean energy-to-retail conglomerate GS Group will acquire Medit Corp., the world’s third-...

Korea's Mirae Asset to invest $200 mn in Musk’s Twitter deal

Mirae Asset Financial Group is set to chip in some $200 million toward Tesla CEO Elon Musk’s $44 billion takeover of Twitter Inc. in acquisiti...

Samsung Elec to expand foundry business to tackle TSMC

Samsung Electronics Co., the world’s second-largest foundry company, is set to expand production technology of chips for automobiles, sensors ...

OCI to invest $40 million to expand US solar module production facilities

OCI Co., a leading South Korean solar power cell manufacturer, said on Monday it will invest $40 million to expand the solar cell module production ...

Principal opens Seoul office to intensify client relationships

US investment firm Principal Global Investors LLC has recently opened a Seoul office to strengthen the firm’s existing client relationships in...

CJ ENM’s TVing looks beyond Korea with Yonder, other K-drama series

South Korean entertainment powerhouse CJ ENM Co.’s over-the-top streaming platform TVing is taking its original sci-fi drama series Beyond the...

NPS emerges as savior of Korea’s ailing won currency

The South Korean state-run National Pension Service (NPS) has been spotted selling dollars for won, supporting the ailing local unit, as the world&r...

Keppel completes Korean waste treatment firm takeover for $530 mn

Singapore-based Keppel Infrastructure completed the acquisition of South Korea’s leading waste management company EMK Co. for 760 billion won ...

Carlyle, KKR again compete for Korean dental scanner maker

US private equity giants The Carlyle Group and Kohlberg Kravis Roberts & Co. (KKR) are again competing to acquire the world’s third-larges...

Foreigners in year's longest Korean buying streak; chipmakers top picks

Foreign investors have returned to the South Korean market, snapping up chip industry leaders such as Samsung Electronics Co. and SK Hynix Inc. for ...

POSCO Chemical may clinch megadeal to supply cathode to Ford Motor

POSCO Chemical Co., a unit of South Korea’s steel giant POSCO Holdings Inc., is looking to forge a long-term contract to supply cathode, a key...

Kakao’s power outage casts doubts over growth strategies

South Korea’s mobile platform giant Kakao Corp. is facing increasing concern over its growth strategies centered on business expansions throug...

LG Elec speeds up robot biz expansion in logistics sector

LG Electronics Inc., the world’s top home appliance maker, has ramped up expansion of robot applications in the smart logistics sector with it...

POSCO breaks ground on nickel refining plant in Korea

POSCO Group, the world’s sixth-largest steelmaker, broke ground on Friday for a high-purity nickel refining plant in South Korea to meet risin...

Samsung launches upgraded digital wallet to take on Apple Pay

South Korea’s tech giant Samsung Electronics Co. said on Friday it is launching its digital wallet platform in 13 more countries by year-end t...

Yoon courts lost decade for Korean women

People can debate what it means for the government of a top-12 economy to be “anti-feminist.” There is no question, though, that President...