LG renames premium built-in appliance brand; Moody’s outlook up
LG Electronics Inc., South Korea’s top appliance maker, has rebranded its 10-year-old premium built-in kitchen appliance business to double do...
Korea Investment & Securities aims to be Asia's top securities firm
Korea Investment & Securities Co. will step up its asset management business by launching innovative global investment products, aiming to surpa...
Meritz cheers record profit in 2024, boasts top 3 market cap
Meritz Financial Group Inc. has reported its best-ever net profit for last year thanks to handsome gains from investments by its insurance and secur...
Beauty giant CJ Olive Young to buy Seoul office building for $472 mn
CJ Olive Young Corp., South Korea’s top beauty store chain, has been given priority rights to buy an office building in Seoul for about 680 bi...
S.Korea’s Hanwha eyes L-SAM exports with UAE’s EDGE
Hanwha Group’s Vice Chairman and heir apparent Kim Dong-kwan is on the front line to export South Korea's latest homegrown air defense system ...
South Korean stock trading volume at 8-month high
Trading volume in South Korean stock market has surged to its highest level in eight months, with investors piling into defense, nuclear energy, shi...
Samsung's Harman goes from ugly duckling to golden swan
When Samsung Electronics Co. acquired Harman International Industries Inc., a global leader in the audio and automotive electronics business, in 201...
Korean tractor maker Daedong ends two-decade partnership with Deere
Daedong Corp., South Korea’s leading tractor and farm machinery maker, has ended its two-decade-long partnership with Deere & Co., the wor...
Bain Capital acquires control of Mohegan's Korean resort
Private equity firm Bain Capital has acquired control of Mohegan Inspire Entertainment Resort on Yeongjong Island, the largest integrated resort in ...
S.Korea’s defense order backlog reaches record $73.1 billion at end-2024
South Korea’s seven major defense companies saw their combined order backlog reach a record 105.6 trillion won ($73.1 billion) at the end of 2...
Korean e-commerce platforms’ growth cools; Naver Shopping sales down
South Korea’s major e-commerce platforms, including Naver Shopping, are showing signs of slowing growth amid the rise of Chinese platform gian...
Korean shipbuilders to benefit from rising LNG, oil tanker demand
South Korean shipbuilders are expected to benefit from a potential surge in demand for liquefied natural gas (LNG) and crude oil carriers as US Pres...
S.Korea’s default risk dips below pre-martial law levels
South Korea’s financial market has stabilized with a sharp fall in the country’s default risk and some recovery of its currency value ag...
Hyundai Motor launches future strategy division overseeing M&As
Hyundai Motor Group has created a future business strategy division that serves as a control tower for the automotive group’s expansion into n...
EQT targets healthcare, technology, business service providers in Korea
EQT, the largest private equity firm in Europe, is setting its sights on healthcare, technology companies and business service providers in South Ko...
FOMO-driven gold rush lifts kimchi premium on gold to highest level
With South Korean retail investors joining the global gold rush in ‘fear of missing out’, or FOMO, the country’s gold price has ...
PAG raises $4 bn for opportunistic Asia real estate fund
PAG, an Asia Pacific-focused alternative investment firm, on Friday announced the final close of its 10th opportunistic real estate fund at $4 billi...
Nexon becomes 1st Korean game publisher with over 4 trillion won in sales
Nexon Co., the parent of Nexon Games Co., became the first Korean game developer to achieve the 4 trillion won ($2.8 billion) sales milestone in 202...
Foreigners return to Korean debt market; Korea on course to join WGBI
Foreigners scooped up South Korean government bonds in January despite the country’s ongoing political upheavals, betting big on the country&r...
SK Ecoplant seeks to sell waste treatment business for $1.4 billion
SK Ecoplant Co., a South Korean construction engineering and waste management company under SK Group, is seeking to dispose of its waste treatment b...
Korea to let securities firms manage $43 bn public fund investment pool
South Korea said on Wednesday it aims to boost returns on 62.1 billion won ($42.7 billion) in the public fund investment pool by entrusting some of ...
Meta in talks to acquire Korean fabless chip startup FuriosaAI: Forbes
Meta Platforms Inc., the parent of Facebook and Instagram, is in talks to acquire Seoul-based AI chip startup FurisosaAI Inc. and the discussion cou...
South Korean state think tank cuts 2025 growth forecast, flags US tariff risk
South Korea’s state-run think tank has cut its growth forecast for the country this year, citing President Donald Trump’s trad...
Mirae Asset prepares bitcoin covered call ETF launch: chairman
Mirae Asset Financial Group is preparing to launch a bitcoin covered call exchange traded fund (ETF) for global investors to foray into the cryptocu...
South Korean IPO market headed into winter after pitiful LG CNS debut
Companies in South Korea are expected to refrain from seeking initial public offerings for a while after the country’s much-anticipated new bl...
Glenwood Credit stresses role as reliable financial partner: CEO Lee
Many companies, big and small, sell or buy affiliated units to raise funds or narrow their focus during economic downturns, and to fund expansion or...
Korean investors abandon savings, stocks for cryptocurrencies
Money is rapidly shifting to cryptocurrency markets in South Korea as lower interest rates and lackluster stock prices reduce the investment appeal ...
Middle East: New land of opportunity for Korean medical devices
South Korea is making inroads into the Middle East's medical device market dominated by the US and Europe, aiming to leverage the region’s str...
HD KSOE bags $371 mn LNG bunker ship order
The outlook for South Korean shipbuilders’ liquefied natural gas (LNG) bunkering ship construction looks bright as the global LNG-powered ship...
HD Hyundai in talks to buy back Korean ship parts maker
HD Hyundai Co., the world’s second-largest shipbuilder, is in talks with a private equity firm to buy back a South Korean ship parts manufactu...
