Korea Credit Data raises $75.7 million from Morgan Stanley

Korea Credit Data (KCD), a South Korean fintech startup focusing on small- and medium-sized enterprises (SMEs), has raised 100 billion won ($75.7 mi...

BOK chief’s top mission: Soft landing for household debt

South Korea’s central bank chief on Thursday vowed to reduce household debt without causing a severe economic downturn as the Bank of Korea he...

Naver eyes global market with new LLM HyperCLOVA X

Naver Corp., the South Korean online platform giant, has finally debuted its upgraded large language model (LLM) HyperCLOVA X, its new pillar busine...

POSCO Int'l marks 1st animal vaccine exports

POSCO International Corp., the general trading and energy exploration unit of South Korea's steel giant POSCO Holdings Inc., announced on Thursday t...

HLB signs with Japan's OSCL for exclusive supply of C-Trelin ingredient

South Korea's pharmaceutical company HLB Therapeutics Co. announced on Thursday that it has entered into a business agreement with Japan's Osaka Syn...

Poland kicks off approval process to import S.Korean reactors

Poland has started an approval process to build a nuclear power plant consisting of South Korean reactors, according to foreign media reports, despi...

Indonesia, Vietnam boost Korean banks’ overseas profits

South Korea’s top four banks posted sharp earnings growth in overseas operations in the first half of this year, buoyed by solid profits in In...

SK Bioscience resumes output of flu vaccine after two years

SK Bioscience Co., the drug-making unit of South Korea’s SK Group, on Wednesday shipped SKYCellflu, its vaccine for the common flu, for the fi...

Korean exodus from China funds amid deepening property crisis  

South Korean investors’ retreat from Chinese equity funds of nearly 10 trillion won ($7.5 billion) in total principal is accelerating amid dee...

More Korean FSS retirees find jobs in legal, financial biz

More retirees of the Financial Supervisory Service (FSS) are snagging new jobs at private companies such as the banks they regulated during their te...

LG Chem to sell film factories amid shift to new growth drivers

LG Chem Ltd., South Korea’s chemical major, is seeking to sell its film factories at home amid accelerating business reorganization centered a...

Schindler-invested Hyundai Elevator faces S.Korean activism

South Korea’s Hyundai Elevator Co., the No. 2 shareholder of which is Schindler Holding AG, has faced a request from a local activist investor...

SK Enmove partners with Dell, GRC for data center coolant business

South Korea’s lube oil maker SK Enmove Co. has partnered with US computer maker Dell Technologies Inc. and data center cooling system provider...

Tesla Model Y runs with Kumho’s EV tires, its new cash cow

Tires tailored for electric vehicles are expected to become the next cash cow of South Korean tire maker Kumho Tire Co. thanks to growing EV tire or...

HiteJinro to strengthen soju marketing in UK

South Korea’s leading soju maker HiteJinro Co. announced on Tuesday that its soju sales in the UK are showing consistent growth year by year. ...

Ildong Pharma to export high blood pressure treatment to China

South Korea's Ildong Pharmaceutical Co. on Tuesday said it will export benidipine hydrochloride, a raw material used in the treatment of high blood ...

KB, Shinhan, Woori improve rankings on Top 1,000 bank list

South Korea’s KB Financial Group, Shinhan Financial Group and Woori Financial Group improved their rankings on the list of the global top 1,00...

Fans of Supreme rush into the label's 1st Korean store

The US street fashion brand “Supreme,” which has a global fandom with a brand name written in white in a red box, opened its first store...

CJ Foodville picks Arges PE as preferred negotiator to attract investment

Arges Private Equity has been chosen as the preferred negotiator for attracting investment in CJ Foodville, the food service subsidiary of South Kor...

MXene: Korean investors’ next target after superconductor craze fizzles

Speculative investors in South Korea have started to amass shares related to Mxene, touted as a next-generation material, after dumping a large numb...

Korea taps Greyhound Capital, Headline Asia as venture fund managers

South Korean Ministry of SMEs and Startups announced the results of selecting global fund management companies for the year 2023 on Monday. The chos...

Hyundai Department Store, Nestlé forge dietary supplement alliance

Hyundai Department Store Group has chosen multinational food giant Nestlé S.A. as a partner in its long-term drive to expand its bio and heal...

Doosan Enerbility to produce aviation gas turbine with ADD

South Korea’s power plant builder Doosan Enerbility Co. announced on Monday that it signed a contract with the Agency for Defense Development ...

S.Korean hybrid car market surpasses $4.56 bn in H1 2023

South Korea's hybrid car market has shown a remarkable surge, reaching 6.12 trillion won ($4.56 billion) in the first half of 2023, according to the...

Samsung to apply gaming-specific tech to Nexon’s new title

South Korea's Samsung Electronics Co. announced a partnership with domestic video game developer Nexon Co. on Monday to release the world's first ...

Hanwha Life sees cumulative profit in 15 years in Vietnam

Hanwha Life Insurance Co.’s Vietnamese subsidiary has reported a cumulative profit in 15 years, marking the first South Korean insurers’...

Kia to revive Ray EV to kick start S.Korean city car market

Kia Corp., South Korea’s No. 2 automaker, aims to revitalize the local city car segment with the reintroduction of an electric version of the ...

Gaming giant Krafton to pour additional $150 mn into India

South Korean gaming giant Krafton Inc., renowned for its global mega-hit PlayerUnknown’s Battlegrounds (PUBG), is slated to ramp up investment...

WeMade partners with three companies for WEMIX Play onboarding

South Korea's game developer and publisher WeMade Co. announced on Friday that it has signed onboarding agreements with several domestic and interna...

EcoPro BM, SK On, Ford to invest $886 mn to build cathode plant in Canada

EcoPro BM Co., South Korea’s leading battery material producer, will invest $886 million jointly with SK On Co. and Ford Motor Co. to build a ...