Carlyle, Keppel, Gaw Capital, IMM vying for Ecorbit

Carlyle, Keppel, Gaw Capital, IMM vying for Ecorbit

Carlyle Group, Temasek-backed Keppel Corp., Gaw Capital Partners, and a consortium of IMM Investment and IMM Private Equity have been selected as fi...

France's Archimed seeks to delist aesthetic laser maker Jeisys

France's Archimed seeks to delist aesthetic laser maker Jeisys

French private equity firm Archimed SAS, managing around €7 billion ($7.5 billion) in assets as of end-May, plans to secure a controlling stake...

Korean retail investors’ US stockholdings at record high

Korean retail investors’ US stockholdings at record high

South Korean individual investors’ US stockholdings swelled to a record $82.19 billion as of early June amid the US stock market rally, while ...

Kia launches 2024 model year of Morning

Kia launches 2024 model year of Morning

Kia Corp. announced on Monday that it launched its flagship compact car Morning's model year the 2024 Morning. The 2024 Morning featured the ne...

HD Hyundai’s ascent driven by visionary spinoff push

HD Hyundai’s ascent driven by visionary spinoff push

Many cast doubts on HD Hyundai Group’s decision to separate its ship maintenance, repair and overhaul (MRO) service in 2016. The move, however...

S.Korean IT companies partner with K-pop girl groups

S.Korean IT companies partner with K-pop girl groups

South Korean game companies like Krafton Inc. and Nexon Korea Corp., and telecom firms such as SK Telecom Co., are collaborating with K-pop girl gro...

Foreign VIP customers boost Korean department stores' sales

Foreign VIP customers boost Korean department stores' sales

Wei Liu, a 41-year-old Taiwanese businessman, snapped up 300 million won ($220,000) worth of luxury brand products at Hyundai Department Store&rsquo...

Korea's short-selling ban impedes MSCI index upgrade

Korea's short-selling ban impedes MSCI index upgrade

South Korea is expected to retain its MSCI’s emerging market status as the global index provider said in its June 6 report that the country&rs...

Korean LCCs take on flag carriers with long-haul routes

Korean LCCs take on flag carriers with long-haul routes

From June 11, Air Premia Inc. is slated to launch service to Oslo, Norway, the longest-haul route for a South Korean low-cost carrier (LCC). The LCC...

Nara Space selected as IPEF's top-100 climate startups

Nara Space selected as IPEF's top-100 climate startups

South Korea's micro-satellite startup Nara Space Technology Inc. announced on Friday that it was selected as one of the top-100 climate tech startup...

Hanwha Ocean gets approval for LCO2 carrier from ABS

Hanwha Ocean gets approval for LCO2 carrier from ABS

South Korea's Hanwha Ocean Co. said on Thursday it received Approval in Principle (AIP) from classification society ABS for a 40,000 cubic meter liq...

Affinity fails in Lock&Lock tender offer; eyes equity swap

Affinity fails in Lock&Lock tender offer; eyes equity swap

Hong Kong-based Affinity Equity Partners is planning for an equity swap between its new entity and South Korean food container maker Lock&Lock...

LG-Kakao EV charger JV LG Uplus VoltUp sets sail

LG-Kakao EV charger JV LG Uplus VoltUp sets sail

LG Uplus Corp., South Korea’s third-largest mobile carrier, and the country’s largest taxi-hailing platform Kakao Mobility Corp. officia...

South Korean steelmakers run plants only at night as demand plummets

South Korean steelmakers run plants only at night as demand plummets

South Korea’s major steelmakers are running their plants only at night to cut costs as demand for rebars, or reinforced bars, widely used in t...

Korea’s non-financial firms rush to issue perpetual bonds

Korea’s non-financial firms rush to issue perpetual bonds

Perpetual bond offerings by non-financial firms in South Korea are poised to hit new records this year as many companies have flocked to the hybrid ...

CJ Logistics, Libiao Robotics partner to co-work for robotic system

CJ Logistics, Libiao Robotics partner to co-work for robotic system

South Korea's CJ Logistics said on Tuesday that it signed a memorandum of understanding (MOU) to establish a strategic partnership with global rob...

Sampyo Group enters automated robotic parking business

Sampyo Group enters automated robotic parking business

South Korea's SP&Mobility, a robotics unit of Sampyo Group, unveiled its MPSystem on Monday, an automated robotic parking system designed to rep...

SK Gas eyes commercial operations of LNG power plant in 2nd half

SK Gas eyes commercial operations of LNG power plant in 2nd half

SK Gas Ltd., South Korea’s leading liquefied petroleum gas (LPG) supplier seeking to transform into a clean energy company, has moved a step c...

Daesang to scale up meal kits, kimchi production in Vietnam

Daesang to scale up meal kits, kimchi production in Vietnam

Daesang Corp., South Korea’s leading food maker, said on Monday its two Vietnamese operations have each completed their second plant in the co...

Korean Air expects US approval for Asiana merger by end-Oct: report

Korean Air expects US approval for Asiana merger by end-Oct: report

Korean Air Lines Co., South Korea’s No. 1 full-service carrier, expects to gain full approval from the US government by the end of October to ...

South Korea finds massive crude oil, gas prospects in East Sea: Yoon

South Korea finds massive crude oil, gas prospects in East Sea: Yoon

South Korea, which heavily relies on imports for its energy use, has found a potentially massive reserve of oil and gas offshore close to its southe...

Naver's online comics unit eyes Nasdaq listing in June

Naver's online comics unit eyes Nasdaq listing in June

South Korea’s online portal giant Naver Corp. is planning to list its Los Angeles-based affiliate Webtoon Entertainment Inc. on the Nasdaq thi...

NPS to cut Korean stock allocation to 13% by 2029

NPS to cut Korean stock allocation to 13% by 2029

South Korea’s National Pension Service (NPS), also the world’s third-largest pension fund, will gradually reduce the proportion of its l...

Deloitte Korea taps new CFO, consulting head in reshuffle

Deloitte Korea taps new CFO, consulting head in reshuffle

Deloitte Korea, which operates accounting firm Deloitte Anjin LLC and consulting service provider Deloitte Consulting LLC, announced a reshuffle wit...

Korean catering firm Ourhome CEO to leave amid sibling feud

Korean catering firm Ourhome CEO to leave amid sibling feud

South Korea’s catering service provider Ourhome Ltd. Chief Executive and Vice Chairwoman Koo Ji-eun has failed in her attempt to serve another...

Nara Space attracts $14.5 mn series B investment

Nara Space attracts $14.5 mn series B investment

South Korea's micro-satellite startup Nara Space Technology Inc. announced on Friday that it attracted a 20 billion won ($14.5 million) series B inv...

Lotte Chilsung Krush beer enters Mongolian market

Lotte Chilsung Krush beer enters Mongolian market

South Korea's Lotte Chilsung Beverage announced on Friday that its beer brand Krush entered the Mongolian market. The company sponsored Davaida...

Korean shopping mecca Dongdaemun Market's vacancy rates soar

Korean shopping mecca Dongdaemun Market's vacancy rates soar

Store vacancy rates in South Korea’s largest shopping mecca Dongdaemun Market have soared to as high as 86%, with Chinese e-commerce platfor...

Kakao Mobility, Archer to collaborate for K-UAM commercialization

Kakao Mobility, Archer to collaborate for K-UAM commercialization

South Korea's Kakao Mobility Corp. announced on Friday that it signed an agreement with Archer Aviation, the US-based urban air mobility (UAM) aircr...

Line Games to launch The Play of Genesis in Taiwan, Hong Kong

Line Games to launch The Play of Genesis in Taiwan, Hong Kong

South Korea's Line Games Corp. announced on Friday that it signed a publishing agreement with Vietnam's tech giant VNG for the mobile game The Play ...

K-beauty craze sends Olive Young online sales to new heights Hyundai Motor’s high-stakes gambit in US: Cut vehicle prices as rivals hike With waning MZ interest, is heyday over for S.Korea’s golf apparel market? LG links up with Chinese rivals for budget appliance supremacy Mercedes opens world’s 1st Maybach flagship center in Seoul