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. ...
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...
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...
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 ...
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...
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...
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...
Hyundai Motor to emerge as Korea’s highest earner, beating Samsung
Hyundai Motor Co. will likely emerge as South Korea’s top profit maker in the first quarter, driven by robust sales of pricey cars, pushing pa...
Lotte Biologics, Excellgene to collaborate on CDO biz
Lotte Biologics, South Korea's biopharmaceutical contract development and manufacturing organization (CDMO) company, announced on Sunday that it has...
Korean kitchen automation startups' US advance gains traction
South Korean kitchen automation system developers are eyeing the US as their next key market as demand for automated restaurant operating systems in...
S.Korean activist fund KCGI eyes foundry DB HiTek buyout
Korea Corporate Governance Improvement Fund (KCGI) is eyeing a controlling stake in DB HiTek Co. as the activist fund became the second-largest shar...
Top Korean food delivery app posts record profits
Woowa Brothers Corp., the operator of South Korea’s top food delivery app, posted a record profit in 2022, which also marked its first profit ...
Hyundai Mipo wins $184 mn order four mid-sized PC carriers
Hyundai Mipo Dockyard Co., a subsidiary of HD Hyundai Group's shipbuilding division, has secured a construction contract for four medium-sized PC (p...
S.Korean firms' digital transformation more than a step behind Western: Report
A research report has shown that the level of digital transformation among South Korean companies is lagging behind that of European and American co...
KB Financial launches $193 million fund to invest in global startups
South Korea’s second-largest financial institution KB Financial Group will launch a 250 billion won ($193 million) fund to invest in startups ...
JB Financial wins proxy fight against activist fund Align Partners
South Korea’s JB Financial Group Co. won a proxy battle against local activist fund Align Partners Capital Management on dividends and nominat...
Korean Dongkuk opens 2nd Mexican color-coated steel plant
Dongkuk Steel Mill Co. opened its second color-coated steel plant in Mexico as South Korea’s third-largest steelmaker aims to expand its prese...
