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Korchip sets IPO price above expected range

Korchip sets IPO price above expected range

South Korea's micro secondary battery manufacturer Korchip set its IPO price at 18,000 won ($13.15), exceeding the upper end of the expected range (...

N.Korean hackers attack South’s arms makers for tech data

N.Korean hackers attack South’s arms makers for tech data

North Korean hackers allegedly attacked South Korean arms manufacturers and stole technical data from them over more than a year Seoul’s polic...

OCI to invest up to $1.5 bn in Malaysia’s polysilicon plant

OCI to invest up to $1.5 bn in Malaysia’s polysilicon plant

KUALA LUMPUR -- OCI Holdings Co., South Korea’s leading chemical and green energy company, plans to invest up to 2 trillion won ($1.5 billion)...

Krafton shares sink as SK Square taps 2.2% block trade

Krafton shares sink as SK Square taps 2.2% block trade

Shares of Krafton Inc., South Korea’s gaming behemoth, lost about 8% on Tuesday on news that SK Square Co., an investment arm of the country&r...

Korean banking group's Q1 profits drop on ELS sales

Korean banking group's Q1 profits drop on ELS sales

The combined net profit at South Korea’s four largest financial services firms, including KB Financial Group, are estimated to have dropped ne...

Samsung wins multi-year built-in kitchen suite orders from Clayton

Samsung wins multi-year built-in kitchen suite orders from Clayton

Samsung Electronics Co. is upping the ante to widen the lead in the US home appliance market with a long-term contract to provide its hyper-connecte...

Alibaba eyes 1st investment in Korean e-commerce platform

Alibaba eyes 1st investment in Korean e-commerce platform

China's Alibaba Group Holding Ltd. is likely to make its first investment in a South Korean online shopping platform as it aims to gain a competitiv...

Blackstone signs over $1 bn deal with MBK for 1st exit in Korea

Blackstone signs over $1 bn deal with MBK for 1st exit in Korea

Private equity giant Blackstone Inc. is set to mark its first exit from South Korea by selling a 71.25% stake in the holding firm of Geo-Young Corp....

Korean Air, WestJet codeshare Incheon~Calgary route

Korean Air, WestJet codeshare Incheon~Calgary route

Korean Air Lines Co. announced on Monday that it will expand codeshare operations with Canada's WestJet Airlines.Korean Air will sell flights operat...

BMW to support Korean automotive startups at new R&D center

BMW to support Korean automotive startups at new R&D center

German luxury carmaker BMW Group is set to support South Korean automotive startups in their overseas expansion as it on Monday opened a new researc...

Korean theme parks recover to near pre-pandemic levels

Korean theme parks recover to near pre-pandemic levels

Everland and Lotte World, South Korea’s two largest theme parks, posted their highest-ever profits in 2023, recovering from the COVID-19 pande...

SoftBank-backed Korean flea market app sees overseas growth

SoftBank-backed Korean flea market app sees overseas growth

Danggeun Market Inc., South Korea’s largest online flea market service provider, enjoyed growth in other countries with its Karrot app briefly...

NPS loses $1.2 bn in local stocks in Q1 on weak battery shares

NPS loses $1.2 bn in local stocks in Q1 on weak battery shares

South Korea’s National Pension Service (NPS), the world's third-largest pension fund, lost 1.66 trillion won ($1.2 billion) in domestic stock ...

Louis Vuitton, Chanel, Dior post weak profits in Korea post-pandemic

Louis Vuitton, Chanel, Dior post weak profits in Korea post-pandemic

Global luxury brands Louis Vuitton, Chanel and Dior saw worsening profitability of their South Korean operations last year after a few years of dece...

Polestar 4 electric SUV coupe to hit South Korean roads in June

Polestar 4 electric SUV coupe to hit South Korean roads in June

The Polestar 4 electric sport utility vehicle (SUV) coupe is set to make its debut in South Korea in June and targets deliveries from October, Swedi...

Korean catering firm Ourhome again engulfed in sibling feud

Korean catering firm Ourhome again engulfed in sibling feud

South Korea’s catering service provider Ourhome Ltd. faced another sibling dispute as its Chief Executive and Vice Chairwoman Koo Ji-eun faile...

In Korean food prices, everything’s up: Now it’s dried seaweed's turn

In Korean food prices, everything’s up: Now it’s dried seaweed's turn

First, it was groceries. Then came fried chicken and hamburgers. Now, it’s seasoned seaweed products, chocolate and ice creams.As in other cou...

MBK eyes stake in Korean software developer Tmaxsoft

MBK eyes stake in Korean software developer Tmaxsoft

North Asia-focused private equity firm MBK Partners is eyeing shares of South Korean enterprise software developer Tmaxsoft Co. around two years aft...

Korea’s vision AI startup Superb AI eyes IPO in H1, 2026

Korea’s vision AI startup Superb AI eyes IPO in H1, 2026

South Korea’s promising vision AI platform developer Superb AI Inc., which has recently added generative AI to its business portfolio, is seek...

Paris Baguette opens first store in Philippines

Paris Baguette opens first store in Philippines

SPC Group’s bakery franchise Paris Baguette announced on Thursday that it opened its first store in the Philippines. The Mall of Asia bra...

Foreign banks expand Korean operations amid China’s slowdown

Foreign banks expand Korean operations amid China’s slowdown

Major foreign banks have actively increased staff at their operations in South Korea to offset growing uncertainty in their business in China, grapp...

Kakao Entertainment, Billboard to collaborate for K-pop

Kakao Entertainment, Billboard to collaborate for K-pop

South Korea's Kakao Entertainment Corp., a unit of mobile platform giant Kakao Corp., partnered with the renowned US music magazine Billboard on W...

HD Hyundai Oilbank kicks off biodiesel mass production

HD Hyundai Oilbank kicks off biodiesel mass production

HD Hyundai Oilbank Co., South Korea’s refiner backed by Saudi Aramco, started mass production of biodiesel to expand its eco-friendly energy b...

Affinity eyes full control of food container maker Lock&Lock

Affinity eyes full control of food container maker Lock&Lock

Affinity Equity Partners, which holds a 69.64% stake in South Korean food container manufacturer Lock&Lock Co., is slated to buy most of the com...

LG Uplus to ramp up AI investment by up to 40% in 2024

LG Uplus to ramp up AI investment by up to 40% in 2024

SILICON VALLEY – LG Uplus Corp., the third-largest mobile carrier in South Korea seeking to transform into a platform company, will expand its...

S.Korean gov’t selects six overseas cities for K-City Network

S.Korean gov’t selects six overseas cities for K-City Network

The South Korean Ministry of Land, Infrastructure and Transport announced on Wednesday that it selected six cities including Indonesia's Jakarta, Vi...

Daesung PE tops Korean venture funds by return in 2018-2023

Daesung PE tops Korean venture funds by return in 2018-2023

Daesung Private Equity Inc. in South Korea has become the top local venture capital manager in terms of realized capital gain between 2018 and 2023,...

Korean unicorns slow growth to focus on profits

Korean unicorns slow growth to focus on profits

South Korean unicorns, or startups valued at $1 billion or more, are slowing the pace of growth to shore up their bottom lines as they revive l...

S.Korean game developers to utilize idol group IPs

S.Korean game developers to utilize idol group IPs

Kakao Games Corp., a game publishing unit of South Korean tech giant Kakao Corp., signed a licensing deal with SM Entertainment Co. to utilize idol ...

Korean won at 17-month low on Middle East woes, Fed rate view

Korean won at 17-month low on Middle East woes, Fed rate view

The South Korean won currency on Tuesday fell to its weakest level in 17 months, briefly touching the psychologically important 1,400 per dollar lev...

Is chip winter over? Doomsayers gone as Korea’s DRAM exports surge S.Korea to have 1st civilian defense minister in decades, tap career technocrats Fubon Bank expands Korea presence into banking Hana Asset launches ultra-low-fee Nasdaq 100 ETF Even barcodes copied: Counterfeits invasion threatens K-brands

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