Investors dump Korean biotech HLB stocks on FDA rejection

HLB Co. and its affiliate stocks tumbled on Friday on news that the South Korean biotech group’s highly anticipated new cancer treatment Rivoc...

Korean landfill companies put on market after Affirma deal

South Korea’s landfill companies are increasingly being put up for sale, drawing interest from private equity firms and environmental companie...

Samyang tops Korean ramen makers by market cap, beating Nongshim

South Korean food maker Samyang Foods Co., globally renowned for its Hot Chicken Flavor Ramen, saw its stock hit a record high on Friday after it de...

South Korean startups' Tokyo fever sizzles

Despite the recent Line-Yahoo cacophony, South Korean entrepreneurs are continuing their advance into Japan to find the next big market.On Thursday,...

Korean beauty brands show signs of turnaround in China

South Korean cosmetics brands are showing signs of a turnaround in China, with their sales in the neighboring country recovering from the slump over...

KB Kookmin Bank, Cambodian Central Bank to build payment system

South Korea's KB Kookmin Bank announced on Friday that it signed a memorandum of understanding (MOU) with the National Bank of Cambodia to establish...

Lotte Wellfood, Studio Dragon to collaborate on K-contents

South Korea's Lotte Wellfood Co. announced on Friday that it signed a memorandum of understanding (MOU) with K-drama producer Studio Dragon to col...

SeAH to invest $155.3 mn to build special alloy plant in US

SeAH Group, South Korea’s major steel group said to be a steel supplier to SpaceX, is set to foray deeper into the US, the world’s bigge...

Korean biotech Xcell Therapeutics eyes June IPO

South Korean biotech Xcell Therapeutics Inc., a developer of chemically defined media for in vitro cell culture, is aiming for a junior bourse Kosda...

KCCI to support Korean companies expanding into US

The Korea Chamber of Commerce and Industry (KCCI) partnered with the Korean American Chamber of Commerce of Los Angeles (KACCLA)  to address th...

Samsung Galaxy 5G phone tops ACSI in US

Samsung Electronics Co.'s Galaxy smartphone caught Apple in the cell phone manufacturer lead, taking the top spot among 5G phones, according to The ...

MSCI Korea Index adds Alteogen, Enchem, HD Hyundai Electric

South Korea's Alteogen Inc., Enchem Co., and HD Hyundai Electric Co. will be added to the Morgan Stanley Capital International (MSCI) Korea Index.MS...

HD KSOE picks Philippines as offshore wind power base camp

HD Korea Shipbuilding & Offshore Engineering Co. (KSOE), the parent of the world’s No. 1 shipbuilder, is accelerating its offshore wind po...

Naver to submit remedies to Japan without A Holdings stake sale

LY Corp., the operator of Japan’s popular messenger app Line, is expected not to propose Naver Corp.’s stake sale in its largest stakeho...

Meritz leaves door open for an M&A, to stay shareholder friendly

Meritz Financial Group Inc., boasting the fourth-biggest market capitalization among South Korean financial holding companies, will look into an acq...

OCI eyes acquisition of US biopharmaceutical company

OCI Holdings Co., South Korea’s largest polysilicon maker, is looking abroad to acquire a biopharmaceutical company in the US in a consortium,...

Liquidity crisis looms at S.Korea’s M Capital amid project financing debacle

South Korea's financing and finance leasing firm M Capital Co. is facing a growing risk of liquidity crunch as its attempts to refinance maturing de...

Nongshim to open stores in Leclerc, Carrefour; expands plant in US

Nongshim Co., a leading South Korean instant noodle maker, said on Tuesday it is setting up stores within France’s two largest supermarket cha...

S.Korea-Malaysia central banks renew currency swap agreement

Central banks of South Korea and Malaysia renewed a bilateral local currency swap arrangement for an additional three years, the Bank of Korea (BOK)...

Hyundai Motor workers at Alabama plant may move to join UAW

South Korea’s top automaker Hyundai Motor Co. may see labor challenges at its plant in Montgomery, Alabama as its US manufacturing workers are...

Samsung, SK Hynix expect chip prices to stay firm in 2024

Samsung Electronics Co. and SK Hynix Inc., the world’s two largest memory chip makers, forecast the prices of DRAM and high-bandwidth memory (...

Hanmi to fire founder's wife, entering new round of family feud

South Korea’s Hanmi Pharmaceutical Group is set to enter a new chapter of an ongoing family feud less than two months after the founding famil...

Korean government vows stern response to Tokyo’s pressure on Naver

The South Korean government said on Monday it will resolutely respond to any “unfair” measures by Tokyo against Naver Corp., which is re...

MedInTech attracts $14.6 mn series B investment

MedInTech Inc., South Korea's medical smart endoscopes startup, announced on Monday that it attracted a series B investment of 20 billion won ($14.6...

Korea Zinc to invest $146 mn in green business R&D hub

Korea Zinc Inc., South Korea’s and the world’s No. 1 lead and zinc smelter, will build its second research and development center, which...

Hyundai Asset to enter offshore wind power market

South Korea's Hyundai Asset Management Co. announced on Monday that it signed a business agreement with Cyan Renewables, a Singapore-based specialis...

Lotte Global Logistics, KOBC to partner for global logistics

South Korea's Lotte Global Logistics announced on Monday that it signed a memorandum of understanding (MOU) with the Korea Ocean Business Corporatio...

Macquarie Korea Asset Management confirms two nominees

Macquarie Group has named two executives at its Seoul-based real asset investment unit, which manages the main Kospi-listed Macquarie Korea Infrastr...

Overseas Korean food fans choose soju, bibimbap as favorites

South Korea’s soju and bibimbap are respectively the most popular liquor and food among foreigners, according to survey results released by th...

Samsung hits highest US smartphone market share in 4 years

Samsung Electronics Co. has achieved its highest market share in the US smartphone market in four years, thanks to its first AI phone the Galaxy S24...