Singapore-based Qoo10 acquires South Korean e-tailer WeMakePrice

The Singapore-based e-commerce platform Qoo10 has acquired South Korea's online shopping site WeMakePrice, making Qoo10 fourth in domestic online co...

Lotte Group secures $3.8 bn funding from four major Korean banks

Lotte Group announced on Friday that it has signed a financial support agreement worth 5 trillion won ($3.8 billion) with four major South Korean ba...

Korean PE firm STIC taps Bain & Co senior partner for PE business

South Korean private equity firm STIC Investments Inc. is set to hire Lee Hyukjin, a senior partner of global management consulting firm Bain & ...

LG H&H hosts Korean Royal Court Culture event with Four Seasons Seoul

South Korea's major consumer goods company LG H&H Co. announced on Thursday that its cosmetics brand, The History of Whoo, hosts an event called...

Dongwon inks deal with Dongkuk for secondary battery raw material

South Korean firm Dongwon Systems Corp. has signed an agreement with Dongkuk Industries Co. for the supply, sale and development of raw materials fo...

LG Chem, CJ Logistics partner to recycle packaging wrap

South Korean companies LG Chem Ltd. and CJ Logistics have signed an memorandum of understanding on Thursday to establish a recycling ecosystem for p...

Investors ready their return to Korean stock market but with bet on declines

Investors are readying their return to the stock market in South Korea, encouraged by the rosy outlook for secondary battery stocks, but more retail...

FarmHannong's new herbicide enters the Pakistani market

South Korea's agricultural chemical company FarmHannong Co. announced on Thursday that its new herbicide Terrad'or will enter the Pakistani market. ...

S.Korea's Yanolja Cloud acquires US solution company InSoft

South Korea's Yanolja Cloud announced on Thursday that it has acquired InSoft, a US hospitality solution company, to establish a base for expanding ...

SK C&C partners with Storm Ventures to discover promising B2B startups

South Korean IT services company SK C&C announced on Wednesday a partnership with American venture capital firm Storm Ventures to discover and c...

South Korea's Kosdaq Global Index set to add more stocks

Financial investment sources on Wednesday said Korea Exchange on March 31 conducted a regular review on listing more companies on the Kosdaq Global ...

S.Korean Openedges’ chip IP licensed by Toyota affiliate Aisin

Openedges Technology, South Korean semiconductor design intellectual property (IP) platform, announced on Wednesday that it has entered into a vehic...

Samsung Galaxy S23 to land in Japan to take on iPhone

Samsung Electronics Co., the world’s top smartphone maker, will launch its flagship Galaxy S23 series in Japan later this month to compete wit...

Hyundai Motor wins Newsweek World’s Greatest Auto Disruptors Awards

Hyundai Motor Group announced on Wednesday that it won two categories at the "World's Greatest Auto Disruptors 2023" awards ceremony by Newsweek, a ...

Korean shipbuilders yield No.1 spot to Chinese rivals in March

Korean shipbuilders were outstripped by China in shipbuilding orders and backlogs last month, according to UK-based shipping industry specialist Cla...

NongHyup opens office in Vietnam to strengthen K-food exports

South Korea's NongHyup, or the National Agricultural Cooperative Federation, announced on Wednesday that it has opened an office in Vietnam with pla...

S.Korean AI startup Liner Launches multilingual AI chatbot

South Korean AI search platform Liner announced on Wednesday the launch of a groundbreaking interactive search chatbot called "Liner Chat," designed...

Falling freight rates set to boost LG, Hyundai’s earnings

The significant fall in seaborne freight rates of late is expected to boost earnings prospects for South Korea’s major companies, benefitting ...

Shinhan Financial, KOSME to support startups for expanding Japanese market

Shinhan Financial Group announced on Wednesday that it has partnered with the Korea SMEs and Startups Agency (KOSME) to support Korean startups' ent...

Macquarie to buy Lotte’s S.Korean transportation card unit

Macquarie Asset Management, part of Australian investment bank Macquarie Group, is set to buy Loca Mobility Corp., Lotte Card Co.’s subsidiary...

KG Mobility focuses on electric vehicle platform, self-driving tech

South Korea's KG Mobility (formerly Ssangyong Motor Co.) says it will actively target not only Europe and the US but also niche markets in emerging ...

Management dispute over S.Korea’s CTC Bio heats up

A management dispute over a South Korean pharmaceutical maker CTC Bio Inc. specializing in animal drugs is intensifying as another medical company h...

LS Electric wins order $94 mn for energy storage system in UK

LS Electric Co. announced on Tuesday that it has secured a contract for a £73.6 million ($93.5 million) energy storage system (ESS) project in...

Foreigners can enter S.Korean casino without physical passport

Visitors to South Korea will be able to enjoy tax-free shopping and casino experiences with ease, thanks to the mobile passport identity verificatio...

ETRI’s drone communication tech is selected as international standards

South Korean researchers have developed international standards for drone communication, solving the problem of drones being unable to exchange info...

Hyundai’s Chung urges US operations to double down after record Q1

Hyundai Motor Group Chairman Chung Euisun on Tuesday urged its US operations to work harder after its two automaking units, Hyundai Motor Co. and Ki...

Maeil cracks China’s alternative milk market with Starbucks deal

South Korea’s Maeil Dairies Co. has jumped into China’s alternative milk market, worth $17 billion in 2022, by supplying Almond Breeze B...

Samsung Elec to invest $3.1 bn in S.Korean OLED plant

Samsung Electronics Co., the world’s largest smartphone maker, is set to spend 4.1 trillion won ($3.1 billion) on a new organic light-emitting...

TIMWORK lifts trophy at March D.Camp startup pitch competition

TIMWORK Inc., a South Korean digital construction plan management software developer, won first prize at D.Camp’s March startup pitch competit...

KCGI’s ascent to intensify family feud over DB control; DB stocks rally

A sibling feud over management control of DB Group is expected to intensify following the ascent of South Korean activist fund Korea Corporate Gover...