S.Korean brokerage lowers stock forecast for S-Oil over poor prospects
South Korea's Eugene Investment & Securities on Monday cut S-Oil Corp.'s target share price from 140,000 won ($113.5) to 133,000 won due to a lo...
Kia's Carens selected as Car of Year in India
Kia Corp. won the "Car of the Year in India" for the first time in three years and five months after entering the Indian auto market.Kia said Sunday...
Elon Musk’s vision for Korean innovation isn’t crazy
For a “genius,” Elon Musk sure does say lots of mindless things. Yet on any list of the least crazy ideas from the Tesla founder, his take...
Travel sales for SE Asia, Japan sell out in South Korea
South Korean travelers are loosening their purse strings on the occasion of the Lunar New Year, with overseas travel sales for one of the biggest ho...
Korean grocery delivery platform Oasis set for February IPO
South Korean grocery delivery platform Oasis Corp. aims to raise up to $166 million through a listing next month, becoming the country’s first...
K-chicken chain Kyochon signs MOU with Taiwanese food conglomerate
Kyochon F&B, the company operating Kyochon Chicken, said on Friday that it has signed a memorandum of understanding for a master franchise agree...
Bank of Korea gives bearish outlook after rate hike
South Korea’s central bank on Friday raised interest rates by a quarter point to 3.5%, while signaling a further cut in its economic growth fo...
Woori Bank Launches 3D-based metaverse pilot service
Woori Bank launched a 3D-based metaverse pilot service, the bank said on Friday.The bank will provide two services, one for interaction with small b...
Samsung SDS calls attacks on cloud biggest threat to cyber security
Cloud protection is the top cyber security concern for companies this year, a study says.Samsung SDS Co. on Thursday said this in its report "Top Fi...
LG Chem to recycle marine wastes to produce plastics
South Korea's largest chemicals company LG Chem Ltd. signed a memorandum of understanding (MOU) with a domestic resource circulation start-up Netspa...
Foreigners turn net buyers of Korean stocks as China reopens borders
South Korean stocks are gaining momentum at the beginning of the new year as foreigners have turned net buyers on expectations of China's border reo...
Webtoon company YLAB files preliminary listing review for Kosdaq
YLAB, a South Korean content company specializing in the production, distribution, and translation of webtoons, is moving to go public this year.Acc...
Naver secures largest stake in Spain's online marketplace Wallapop
Naver Corp. has made a massive additional investment in Wallapop, Spain's online market for used items and Europe's equivalent to Korea's Danggeun M...
Prestige Biopharma attains patent for solid cancer treatment antibody
Prestige Biopharma Korea said on Tuesday that it has obtained a domestic patent for the CTHRC1 neutralizing antibody of the drug candidate PBP1710. ...
Korean cosmetics shares rise as China reopens borders
Shares in South Korean cosmetics brands are gaining momentum after brokerage houses lifted their target prices on expectations that China’s bo...
Lotte to invest more in US bio biz, spend $3 bn in Korea
SAN FRANCISCO -- South Korea’s Lotte Biologics Co. is considering investing more in the US bio industry and spending $3 billion in new factori...
PAG joins race to buy Korean burger chain Mom's Touch
Pacific Alliance Group (PAG), a Hong Kong-based alternative investment firm, joined the bidding on Jan. 10 to acquire a 100% stake in South Korean h...
Dong Yang Steel Pipe signs contract with Japanese EPC company
DongYangSteelPipe, a steel pipe unit of KBI Group, said on Tuesday that it had signed on the previous day an agreement with a Japanese EPC (engineer...
SK Hynix issues $1 bn sustainability-linked bonds
South Korea’s SK Hynix Inc. has raised $1 billion in sustainability-linked bonds (SLBs) to become the world's first memory chipmaker to issue ...
Hancom Frontis to develop AI digital human, 3D scanning project
Hancom Frontis, a Hancom Group company specializing in the metaverse, said on Tuesday that it has signed a three-way agreement with the Tech Univers...
Korean apparel retailer F&F to produce global K-pop stars
South Korean outdoor clothing retailer F&F Co. made a foray into the entertainment sector to create a synergy of K-content and fashion, competin...
Celltrion Healthcare lands biosimilar deal in Brazil for 2nd straight year
South Korea's Celltrion Healthcare Co. on Tuesday said that for the second straight year, it landed an order for infliximab, an antibody used to tre...
Korean steelmakers accuse Japanese rivals of product dumping
As Japanese hot-rolled steel plates have flooded into South Korea at even lower prices than those from China, Korean steel manufacturers are consi...
Profitable Korean startups attract funds despite downturn
Profitable South Korean startups succeeded in fundraising despite an economic downturn as investors sought stable earnings from companies with clear...
Kia extends official sponsorship of Australian Open until 2028
Kia Corp. said that it would extend its sponsorship of the Australian Open, one of the world's four major tennis tournaments, until 2028. ...
Cosmax shows off advanced beauty tech at CES with Seoul Nat'l Univ.
Cosmax, a cosmetics original design manufacturer (ODM) of South Korea, said on Tuesday that it unveiled the beauty technology developed jointly ...
SK Hynix introduces AI solution to semiconductor process
SK Hynix Inc. said on Tuesday that it has started to improve production efficiency and yield by introducing an artificial intelligence (AI) solution...
Kakao Pay likely to be included in MSCI index next month
South Korean mobile payment services firm Kakao Pay Corp. will be newly incorporated into the MSCI index next month, inducing an influx of more than...
Smart transportation solution provider Alt-A enlists pre-Series A funding
Alt-A, which provides a transportation system specialized in last-mile roads, said Monday that it has received pre-series A funding from Shinh...
Korean activist fund KCGI buys Meritz Asset Management
A consortium led by Korea Corporate Governance Improvement Fund (KCGI), a local activist fund, said on Jan. 9 it signed a share purchase agreement l...
