K Enter moves step closer to Nasdaq listing in May

K Enter moves step closer to Nasdaq listing in May

K Enter Holdings Inc., an umbrella entity of South Korea-based entertainment companies creating original entertainment content and managing related ...

Universal Music acquires 10-year distribution rights to HYBE music

Universal Music acquires 10-year distribution rights to HYBE music

The world’s largest music company Universal Music Group (UMG) has struck an exclusive deal to distribute music from HYBE Co., the South Korean...

Genesystem enters Indian tuberculosis treatment market

Genesystem enters Indian tuberculosis treatment market

Genesystem, a South Korean biotech company said on Tuesday that it will export 20 on-site tuberculosis (TB) diagnostic devices and 6,000 TB test kit...

IMM PE puts South Korea’s top travel agency Hanatour up for sale

IMM PE puts South Korea’s top travel agency Hanatour up for sale

IMM Private Equity Inc., a Seoul-based private equity firm, is selling its controlling stake in Hanatour Service Inc., South Korea’s top trave...

SK Networks prepares to put SK Rent-a-Car on market

SK Networks prepares to put SK Rent-a-Car on market

SK Networks Co. is preparing to put SK Rent-a-Car Co. on the market in a deal worth an estimated 600 billion won ($448 million) as part of efforts t...

Euroclear to trade S.Korean treasuries via omnibus account from June

Euroclear to trade S.Korean treasuries via omnibus account from June

The National Tax Service (NTS) of South Korea said on Tuesday that Euroclear Bank SA/NV and Clearstream Banking S.A., two major clearing houses for ...

Wrtn opens free AI search service

Wrtn opens free AI search service

South Korea's advanced tech startup Wrtn Technologies, a major player in generative artificial intelligence (AI), opened its free and unlimited AI s...

Solus Advanced Materials poised to lead EV copper foil market: CEO

Solus Advanced Materials poised to lead EV copper foil market: CEO

Solus Advanced Materials Co. is not a household name among ordinary electric vehicle drivers. But the South Korean company is a little giant to gl...

LG CNS to lead digital transformation at FPT in Vietnam

LG CNS to lead digital transformation at FPT in Vietnam

LG CNS Co., an information technology service company under South Korean conglomerate LG Group, will lead the digital transformation of FPT Group, a...

E-Mart offers voluntary retirement after 2023 loss

E-Mart offers voluntary retirement after 2023 loss

E-Mart Inc., South Korea’s largest supermarket chain, has launched a company-wide early retirement program for the first time in its 31-year h...

Korea’s IPO market heats up with HD Hyundai Marine, K Bank

Korea’s IPO market heats up with HD Hyundai Marine, K Bank

South Korea’s initial public offering market is heating up as HD Hyundai Marine Solution Co., which aims to raise 742.6 billion won ($553.4 mi...

SM Entertainment founder invests $5.2 million in Mindlogic

SM Entertainment founder invests $5.2 million in Mindlogic

K-pop pioneer SM Entertainment Co.'s founder and former Chief Producer Lee Soo-man is expected to invest up to 10 billion won ($7.5 million) in Mind...

Weak property market cuts into Korean securities firms’ profits

Weak property market cuts into Korean securities firms’ profits

dd South Korea’s securities firms suffered a 20% fall in overall net profit last year hurt by the weak property market, adding to bearish vie...

Korean savings banks swing to loss after 9 years

Korean savings banks swing to loss after 9 years

South Korea’s savings banks turned to the red after nine years in 2023 as they put aside heavy reserves on future loan losses, with their loan...

S.Korea's drone market set for takeoff, led by startups   

S.Korea's drone market set for takeoff, led by startups   

Starting in May, drones, not boats, will deliver parcels and even fried chicken to residents living on some of South Korea's remote islands unreacha...

Krafton eyes mega M&A, PUBG franchise deals: Krafton chair

Krafton eyes mega M&A, PUBG franchise deals: Krafton chair

Krafton Inc., South Korea’s gaming behemoth, is gearing up for the second chapter of its business through “mega” M&A deals and...

LG injects $97 mn into Vista Equity’s fund for new tech investments

LG injects $97 mn into Vista Equity’s fund for new tech investments

LG Group, South Korea’s fourth-largest conglomerate, injected $97 million into a fund run by Vista Equity Partners Management LLC for investme...

Samsung rallies on expectations of Nvidia’s HBM order

Samsung rallies on expectations of Nvidia’s HBM order

SAN JOSE, Calif. – Samsung Electronics Co.'s stock zoomed on Wednesday after the world’s most famous AI chip provider Nvidia Corp. hinte...

Sephora to exit S.Korean market in May

Sephora to exit S.Korean market in May

Sephora, the world's leading multi-brand beauty retailer and an affiliate of French luxury conglomerate LVMH, announced on Tuesday that it will exit...

Korea's SPC to collaborate with Pascucci to enter Italian market

Korea's SPC to collaborate with Pascucci to enter Italian market

South Korea's SPC Group announced on Tuesday that it plans to collaborate with Italian coffee chain brand Pascucci to enter the Italian market. Hu...

Korean investors’ yen savings flirt with record high

Korean investors’ yen savings flirt with record high

South Korean retail investors, hunting for bargains, have flocked to shovel in the Japanese currency hovering around its record low value in anticip...

China exodus to elevate Korea to Asia hub: AmCham chief

China exodus to elevate Korea to Asia hub: AmCham chief

South Korea has outstripped Hong Kong and Shanghai as a preferred Asia-Pacific headquarters destination for global companies, trailing only Singapor...

Renault to invest $523 mn to build green car hub in Korea

Renault to invest $523 mn to build green car hub in Korea

Renault Korea Motors Co., grappling with a protracted slump without new releases, plans to invest more than 700 billion won ($523 million) by 2027 t...

IL Science enters UK silicon lens market

IL Science enters UK silicon lens market

South Korea's IL Science Co. said on Monday that it signed a contract with the US-based automotive electronics company Polymer Optics to supply an i...

Hyundai E&C wins $132 mn biogas facility project

Hyundai E&C wins $132 mn biogas facility project

Hyundai Engineering & Construction Co. (Hyundai E&C) announced on Monday that it was selected as the preferred bidder for a private invest...

Celltrion'a autoimmune disease drug Zymfentra makes US debut

Celltrion'a autoimmune disease drug Zymfentra makes US debut

South Korean biopharmaceutical giant Celltrion Inc. said on March 17 that it has launched its new autoimmune disease treatment Zymfentra in the US m...

Korea struggles with surging copper scrap exports to China

Korea struggles with surging copper scrap exports to China

South Korea’s nonferrous metal industry is scrambling for the procurement of copper scrap as China, the world’s top copper consumer, has...

Samsung tops global soundbar market for 10th consecutive year

Samsung tops global soundbar market for 10th consecutive year

Samsung Electronics Co. has held its ground as the leader in the global soundbar market for ten consecutive years, from 2014 through 2023, according...

Upstage establishes US subsidiary in Silicon Valley

Upstage establishes US subsidiary in Silicon Valley

South Korea's artificial intelligence (AI) startup Upstage announced on Monday that it established the US corporation Upstage AI in Silicon Valley, ...

Labor reform urged in Korea with higher wages than Japan

Labor reform urged in Korea with higher wages than Japan

Wages at South Korean companies, both large and small, have surpassed those of their Japanese counterparts.According to a report on wage comparisons...

Hyundai Glovis charts new waters with world’s first AI-driven self-sailing car carrier fleet Korea’s game studios rebrand as AI tech firms, move into fashion, robotics, media Return of the K-pop queens: Blackpink, Twice power up YG, JYP Samsung to launch AI health coach beta in US by end-2025 South Korea moves to mandate treasury share cancellation