Kospi in lethargic trade ahead of LG Energy debut

South Korea's benchmark stock index Kospi declined to its lowest closing level in one and a half months on Monday, moving in the opposite direction ...

Lotte acquires Chicago-based hotel for $36 mn K-style rebrand

Hotel Lotte Co., retail conglomerate Lotte Group’s luxury hotel operator, completed the acquisition of Kimpton Hotel Monaco in Chicago for $...

ESG fever puts Korean oil refiners in quandary over facility upgrades

South Korea’s four major oil refiners have for decades been at the forefront of the industry push to upgrade facilities, a combined multi-bill...

SK Networks invests $20 mn in vegan leather producer

SK Networks Co. announced Friday it has invested $20 million in California-based biotech startup MycoWorks. The general trading arm of South ...

Korean Air wary of Asiana deal after EU blocks HHI-DSME merger

Korean Air Lines Co. and Asiana Airlines Inc. are wary of the fate of their proposed merger after the European Union blocked the combination of Sout...

Korean AI startups blaze trails in overseas markets

Artificial intelligence-powered image analysis company Alchera Inc. is working with PG&E (The Pacific Gas and Electric Company (PG&E) in t...

Bank of Korea may hike rates this week to curb inflation, household debt

South Korea’s central bank is almost certain to raise interest rates on Friday to curb inflation and household debt as the US Federal Reserve ...

LG Energy sets new IPO record with $9.65 trillion investor demand

LG Energy Solution Ltd., the world’s second-largest battery maker, has set a new record for an initial public offering with demand for its sha...

Korean investors inject $1.2 bn in Australian PPP

Korean investors have injected around A$1.7 billion ($1.2 billion) with a 32-year maturity through senior loans for A$11.1 billion ($8 billion) in t...

AmazeVR receives $15 mn from Korean VCs

AmazeVR Inc. received a total of $15 million from leading South Korean venture capital firms. The virtual reality platform allows users to experie...

The Princeton Review up for sale by Korean edutech firm

South Korea's leading edutech service firm has put The Princeton Review up for sale, five years after it acquired the US college test preparation se...

Korean REITs total assets surpass $58 bn in 2021

The combined total assets of real estate investment trusts (REITs) in Korea surpassed 70 trillion won ($58.4 billion) as of the end-2021, 20 years a...

CICC to form up to $3.3 bn funds for bio, chips in Korea and others

CICC Capital, a private equity firm of China's largest investment bank China International Capital Corporation (CICC), will create funds with a comb...

Korean won touches 18-month low as Fed may raise rates sooner

South Korea’s won currency hit a 1-1/2-year low as the US Federal Reserve signaled the central bank may raise interest rates sooner than expec...

Nexon invests $400 mn in Avengers directors' film company

Online game developer Nexon Co. has completed a $400 million investment in AGBO, a US entertainment company founded by Avengers film series co-direc...

Lotte, Shinsegae compete head-on for Ministop Korea

South Korea's two retail heavyweights Lotte and Shinsegae are in head-to-head competition for the country's fifth-largest convenience store chain Mi...

Korean Air’s post-merger plan hits snag after conditional approval

Korean Air Lines Co. faces growing pressure from the country’s antitrust regulator to drastically adjust its post-merger integration plans aft...

Hyundai’s Chung charts vision as top-tier eco-friendly auto brand

South Korea’s top automaker Hyundai Motor Group on Monday set out its vision to be a top-tier eco-friendly auto brand with its focus on electr...

Korean dental implant maker hit by $160 mn embezzlement

Trading in shares of South Korea's top dental implant manufacturer Osstem Implant Co. was suspended on the Kosdaq market on Monday, after the compan...

Time to buy Korean chipmakers; Samsung among 2022 top picks

The year of the tiger will see decent stock price gains in leading chipmakers such as Samsung Electronics Co. and SK Hynix Inc. on expected hypersca...

Big 3 Korean shipbuilders win largest orders in 8 yrs

South Korea's three major shipbuilders in 2021 have received their largest amount of orders in eight years, surpassing their targets by 45%, accordi...

Foreigners’ Korean stockholdings soar 180-fold in 30 years

Foreign investors ramped up their holdings of South Korean stocks 180 times in 30 years, increasing influence in the local financial markets and dom...

Samsung Group in negotiations to buy Biogen

South Korea's Samsung Group is in negotiations to buy Biogen Inc., a leading US-based drugmaker for neurological conditions such as Alzheimer's and ...

FTC announces conditions for Korean Air, Asiana merger

South Korea’s antitrust regulator the Fair Trade Commission (FTC) has decided on conditional approval for Korean Air Lines Co.‘s 1.8 tri...

NH, KB ranked top S.Korean equity, debt underwriters

Fundraising via initial public offerings and rights issues in South Korea more than doubled to 27.2 trillion won ($23 billion) in 2021 from a year a...

Germany's ZF to invest in Korean self-driving startup

Germany's car parts maker ZF Friedrichshafen is in the final stages of negotiations to invest around 20 billion won ($17 million) in StradVision, a ...

SK Square injects $29.5 million into agriculture startup

Korean investment firm SK Square Co. Ltd. has invested approximately 35 billion won ($29.5 million) into homegrown agriculture tech startup Greeln...

Retirement packages unexpectedly benefit young talent

Voluntary retirement packages, often coming with generous compensation, have been adopted by companies as a way to let go of older or redundant empl...

China’s tighter grip on supply chain hurts Korean battery makers

While the recent urea crisis laid bare South Korea’s heavy dependence on China for the basic raw material, concerns are growing that the count...

Diageo sells whisky business to Bayside-led consortium for $194 mn

Diageo Korea Co., London-headquartered multinational beverage alcohol company Diageo plc’s Korean affiliate and the biggest whisky importer in...