Korean food, retail firms cut jobs as spending drops
South Korea’s food, cosmetics and retail companies, heavily reliant on domestic sales, are slimming down their workforce to survive a prolonge...
HSBC, BNP Paribas reported to Korean prosecutors for naked shorting
The Hongkong and Shanghai Banking Corporation Ltd. (HSBC) and BNP Paribas CIB have been reported to South Korean public prosecutors in violation of ...
Seoul to build huge two-ring Ferris wheel for $700 mn
The Seoul Metropolitan Government on Sunday unveiled the design of a Ferris wheel, tentatively named Seoul Twin Eye, which it plans to complete by 2...
AEW, Pebblestone buy Korean logistics center for $238 mn
Seoul-based Pebblestone Asset Management Co. and US real estate investor AEW Capital Management have completed the acquisition of a logistics ce...
Korean digital comics boost Naver Webtoon’s biz in Japan
Naver Webtoon Ltd., the world’s top digital comics provider, enjoyed robust business in Japan with a record gross merchandise value (GMV) this...
Lunit selected as contractor for building medical AI platform in Singapore
South Korean medical AI company Lunit announced on Friday that it has been selected as the final contractor in the bidding for the establishment of ...
Orsted wins 1.6 GW offshore wind power license from Korea
Danish energy company Orsted has secured exclusive rights to build South Korea’s largest offshore wind power complex in a project estimated at...
Ananti to go solo in Busan without Hilton
Ananti Inc. will end its six-year-long partnership with Hilton Hotels & Resorts by removing the global hotel giant's nameplate from its luxury s...
Daewoong Pharm set to export Envlo Tab to Russia, CIS
Daewoong Pharmaceutical, a leading South Korean pharmaceutical company will export its new diabetes drug Envlo Tab. (active ingredient:enavogliflozi...
Air Premia posts first-ever quarterly profit
Air Premia Inc., a South Korean budget carrier, on Thursday reported its first-ever quarterly profit in the third quarter of this year, fueled by a ...
POSCO startup POSCORE wins grand prize at D.Camp All-Star League
POSCORE, an in-house startup of South Korean steel giant POSCO Group, won the grand prize during an annual startup demo day hosted Wednesday by star...
Korea's startup ecosystem lags behind peers in global investments
South Korea’s startup environment lags behind major countries in terms of global expansion and foreign investment attraction, a report from st...
Hanwha Ocean showcases Jangbogo-III submarine in Warsaw
South Korean shipbuilder Hanwha Ocean Co. held the Hanwha Ocean Day event in Warsaw, Poland, on November 29 for local media, to showcase its involve...
STX to develop Gargoub port in Egypt with grain silos
STX Corp., a South Korean general trading company, is expected to develop a Mediterranean port in Egypt and build grain silos at the port, a move ex...
HD Hyundai taps RCE to go global with used heavy machinery
HD Hyundai Construction Equipment Co., the construction machinery provider under South Korean shipbuilding conglomerate HD Hyundai Group, will ventu...
Asiana collaborates with China's Ctrip for live commerce broadcast
Asiana Airlines Inc. announced on Wednesday that it will conduct a live commerce broadcast in collaboration with China's largest online travel agenc...
Hanwha Ocean to develop submarine technology to evade detection
South Korea's Hanwha Ocean Co. has consecutively secured contracts for naval technology-related vessel research projects. The company recently annou...
Supreme Court affirms Affinity, GIC's exit value on Kyobo Life
South Korea’s Supreme Court on Wednesday upheld the ruling that would allow the Affinity Equity Partners-led consortium, including Singapore&r...
KOTRA to support K-startups in European expansion
The Korea Trade-Investment Promotion Agency (KOTRA) announced on Wednesday the establishment of a South Korean pavilion at the upcoming SLUSH 2023, ...
More Koreans seek high-yield bond funds, betting the Fed will end hikes
South Korean investors are growing more interested in global high-yield bond funds, betting that the US Federal Reserve is likely to end its interes...
Iljin Electric bags $333 mn high-voltage transformer deal in US
Iljin Electric Co. has won its largest-ever 431.8 billion won ($333.2 billion) order to supply high-voltage transformers to a US energy company, the...
Hanjin to strengthen logistics for K-fashion brands
South Korea's Hanjin Transportation, a logistics unit of Hanjin Group, announced on Tuesday that it plans to strengthen Swoop, a logistics service o...
Korean defense sector to offset semiconductor downturn: FT
South Korea’s defense sector is enjoying booming demand from countries across the world that are cutting their reliance on Russian weapons, of...
S.Korean gov't to support export of postnatal care centers
The South Korean government will support the overseas expansion of domestic postnatal care centers. South Korea's Ministry of Economy and Fin...
L&F to invest $1.9 bn to build key battery materials plants
DAEGU, South Korea – L&F Co., South Korea’s major cathode supplier seeking to transform into a comprehensive battery materials produ...
Cosmax targets Thailand with K-beauty cosmetic formulations
Cosmax Inc., South Korea's largest cosmetics manufacturer that specializes in original design manufacturing (ODM), announced on Monday that it is ac...
KG Mobility may lose its name to trademark troll
KG Mobility Corp., South Korean automaker specializing in sport utility vehicles, is on the brink of losing its new name, which could deal a blow to...
Korean shipbuilders seek overseas yards for surging orders
South Korean shipbuilders are seeking overseas production bases through mergers and acquisitions to meet soaring demand across the world as they hav...
Korea to invest $200 mn in new drugs, vaccines by 2028
South Korea’s health ministry will allocate 261.6 billion won ($200.2 million) for two funds over the next four years to boost private sector ...
Korean ELS investors biting nails over sharp falls in Hong Kong shares
Chinese shares listed on the Hong Kong bourse have fallen sharply so far this year, placing the city’s main stock index, the HSCEI, among the ...
