Liquidity crisis looms at S.Korea’s M Capital amid project financing debacle

Liquidity crisis looms at S.Korea’s M Capital amid project financing debacle

South Korea's financing and finance leasing firm M Capital Co. is facing a growing risk of liquidity crunch as its attempts to refinance maturing de...

Nongshim to open stores in Leclerc, Carrefour; expands plant in US

Nongshim to open stores in Leclerc, Carrefour; expands plant in US

Nongshim Co., a leading South Korean instant noodle maker, said on Tuesday it is setting up stores within France’s two largest supermarket cha...

Hanmi to fire founder's wife, entering new round of family feud

Hanmi to fire founder's wife, entering new round of family feud

South Korea’s Hanmi Pharmaceutical Group is set to enter a new chapter of an ongoing family feud less than two months after the founding famil...

Korean government vows stern response to Tokyo’s pressure on Naver

Korean government vows stern response to Tokyo’s pressure on Naver

The South Korean government said on Monday it will resolutely respond to any “unfair” measures by Tokyo against Naver Corp., which is re...

Korea Zinc to invest $146 mn in green business R&D hub

Korea Zinc to invest $146 mn in green business R&D hub

Korea Zinc Inc., South Korea’s and the world’s No. 1 lead and zinc smelter, will build its second research and development center, which...

Overseas Korean food fans choose soju, bibimbap as favorites

Overseas Korean food fans choose soju, bibimbap as favorites

South Korea’s soju and bibimbap are respectively the most popular liquor and food among foreigners, according to survey results released by th...

Korea: Underrated as seat of commercial arbitration

Korea: Underrated as seat of commercial arbitration

South Korean companies prefer seats of arbitration in other countries over domestic ones to resolve disputes even for the cases that could be settle...

Chinese group tours to Korea poised for strong revival

Chinese group tours to Korea poised for strong revival

Chinese group tours to South Korea are showing signs of a rebound, about 10 months since Beijing lifted its bans on Chinese group tours to Seoul las...

Korea’s Koh Young to launch brain surgery robot in US in 2025

Korea’s Koh Young to launch brain surgery robot in US in 2025

Koh Young Technology Inc., a South Korean developer of 3D optical inspection devices used in electronics manufacturing, aims to launch a brain surge...

Near-zero interest rate deposits swell at Korean banks

Near-zero interest rate deposits swell at Korean banks

Demand and short-term deposits at South Korea’s top five banks have expanded 5% to 657 trillion won ($480 billion) in the first quarter of thi...

SK Hynix to sell 50% stake in Wuxi foundry unit to Chinese firm

SK Hynix to sell 50% stake in Wuxi foundry unit to Chinese firm

SK Hynix Inc. will sell nearly a half stake in its foundry unit in China to a Chinese state-run enterprise for $349.3 million in a bid to expand its...

SoftBank to buy part of Naver's Line stake by July: CEO Miyakawa

SoftBank to buy part of Naver's Line stake by July: CEO Miyakawa

TOKYO – SoftBank Corp., which runs LY Corp., the operator of the popular mobile messenger app Line in Japan, said on Thursday it is in talks w...

SK Telecom eyes tangible results from AI business in 2024

SK Telecom eyes tangible results from AI business in 2024

South Korea’s No. 1 mobile carrier SK Telecom Co. is set to accelerate investments in artificial intelligence to bring more tangible outcomes ...

Native Korean fast-fashion brands poised to snatch market

Native Korean fast-fashion brands poised to snatch market

South Korea’s homegrown fast-fashion brands are expected to continue making big strides at home as cost-conscious consumers shifted toward mor...

Coupang to keep investing against Chinese players despite loss

Coupang to keep investing against Chinese players despite loss

Coupang Inc., South Korea’s No. 1 e-commerce platform facing fierce competition from Chinese rivals, dipped into the red in the first quarter,...

Startups bet on affluent Gen X in Korea’s senior living market

Startups bet on affluent Gen X in Korea’s senior living market

Elder-care startups are rushing to build high-end senior homes in South Korea targeting affluent Generation Xers set to retire in five years on expe...

Hasty overseas expansion hurts Korean entertainment sector

Hasty overseas expansion hurts Korean entertainment sector

South Korea’s entertainment and content industries suffered from hasty expansions with investments of billions of dollars in the global market...

UAE to invest up to $1 bn in S.Korean ventures

UAE to invest up to $1 bn in S.Korean ventures

The United Arab Emirates is set to invest a maximum of $1 billion in South Korean startups via a joint venture, as a part of its mid- to long-term p...

HMM gets Platinum ESG rating from EcoVadis

HMM gets Platinum ESG rating from EcoVadis

HMM Co., South Korea’s flagship sea carrier, announced on Tuesday that it achieved the Platinum rating from EcoVadis, a global environmental, ...

S.Korean anti-obesity drugmakers eye niche demand

S.Korean anti-obesity drugmakers eye niche demand

The global weight management market has entered a new chapter following the arrival of blockbuster weight-loss medication Wegovy, and South Korean l...

Hankook Tire buys $1 bn Hanon Systems stake from Hahn & Co.

Hankook Tire buys $1 bn Hanon Systems stake from Hahn & Co.

Hankook Tire and Technology Co. on Friday reached a preliminary agreement to buy 1.37 trillion won ($1 billion) worth of shares in Hanon Systems Cor...

Osstem to buy Brazil’s No. 3 dental implant maker Implacil

Osstem to buy Brazil’s No. 3 dental implant maker Implacil

South Korea’s Osstem Implant Co., the world’s fourth-largest dental implant maker, is slated to acquire Brazilian peer Implacil De Borto...

Korean brokerages' foreign profits up on IB, bond trading

Korean brokerages' foreign profits up on IB, bond trading

South Korean brokerage firms expanded their net profits from overseas operations last year, backed by increased gains from their investment banking ...

Overseas projects boost Korean builders’ earnings; GS profit cut in half

Overseas projects boost Korean builders’ earnings; GS profit cut in half

Large-scale overseas construction projects boosted major Korean builders’ quarterly results while lackluster domestic construction work, coupl...

Korean retailers, hotels enjoy tourist boom in May holidays

Korean retailers, hotels enjoy tourist boom in May holidays

South Korean retailers and hotels are enjoying a boom thanks to an expected surge in tourists at home and abroad as more than 180,000 foreigners are...

Vuno, Canon to target AI diagnostic market in Japan

Vuno, Canon to target AI diagnostic market in Japan

South Korea's medical device startup Vuno announced on Monday that its Japanese partner M3AI signed a memorandum of understanding (MOU) with Canon M...

Korean battery maker SK On expects business turnaround in H2

Korean battery maker SK On expects business turnaround in H2

SK On Co., the battery unit of South Korea’s top energy company SK Innovation Co., said on Monday it expects a business turnaround in the seco...

MBK to delist Korean e-commerce Connectwave after tender offer

MBK to delist Korean e-commerce Connectwave after tender offer

MBK Partners, one of the largest Asian private equity firms, is set to delist South Korea’s leading e-commerce operator Connectwave Co. from t...

LG Chem to supply switchable glass films to Webasto

LG Chem to supply switchable glass films to Webasto

LG Chem Ltd. is venturing into the automotive smart glass film market as it has won an order to supply its switchable glazing films to German auto p...

Korean botox sales gain momentum in US, China

Korean botox sales gain momentum in US, China

South Korea is ramping up exports of botulinum toxin to the US and China, the world’s two top consumers of the neurotoxin protein, with its pr...

JKL Partners to acquire $150 mn cult-favorite bagel chain London Bagel Museum Kolon's early bets on para-aramid recovery pays off amid AI boom Shinsegae chair likely to head Asian arm of pro-Trump Rockbridge S.Korea’s leading ERP player Douzone Bizon up for sale; EQT Partners in talks MSCI maintains S.Korea’s emerging-market status; level playing field required