Woori Bank to start legal, accounting advisory for firms entering Vietnam

Woori Bank to start legal, accounting advisory for firms entering Vietnam

South Korea's Woori Bank on Monday announced the opening of its comprehensive advisory service line for foreign direct investment (FDI) designed for...

Lotte Rental CEO becomes first owner of Kia EV9

Lotte Rental CEO becomes first owner of Kia EV9

The first owner of Kia Corp.'s EV9 large electric sports utility vehicle (SUV) is Mr. Choi Jin-hwan, President and CEO of Lotte Rental, South Korea'...

Samsung C&T wins order $585 mn construction project in Taiwan

Samsung C&T wins order $585 mn construction project in Taiwan

The construction division of South Korea's Samsung C&T Corp. on Monday said it landed an order for the Fubon Aozihdi Development Project from Ta...

S.Korean auditors enjoy sharp pay rise under new laws

S.Korean auditors enjoy sharp pay rise under new laws

The average salary of accountants at Big Four accounting firms in South Korea has more than doubled over the past few years, as financial regulators...

India rises as LG's cash cow under revised S.Korean tax laws

India rises as LG's cash cow under revised S.Korean tax laws

South Korea’s LG Electronics Inc. has received nearly 600 billion won ($470 million) in dividends from its overseas operations in the first qu...

BTS 10th anniversary stamps available at Korea Post from June 13

BTS 10th anniversary stamps available at Korea Post from June 13

South Korea's state-run postal service agency Korea Post announced on Monday that BTS commemorative stamps will be available at post offices from Ju...

OpenAI’s Sam Altman seeks help from Korean startups, chipmakers

OpenAI’s Sam Altman seeks help from Korean startups, chipmakers

Sam Altman, chief executive of Microsoft-backed OpenAI and ChatGPT creator, said on Friday that he hopes to collaborate with South Korean developers...

Shinhan Financial chief in Europe to meet with BNP Paribas, investors

Shinhan Financial chief in Europe to meet with BNP Paribas, investors

Jin Ok-dong, chairman of Shinhan Financial Group Co., is off to Europe for investor relations sessions with its shareholders, including BNP Paribas ...

Germany's real estate mezzanine market to shine in 2023: Lenwood Capital

Germany's real estate mezzanine market to shine in 2023: Lenwood Capital

The global real estate market is under significant pressure due to increased interest rates and banks' tighter loan standards in 2023. Commercial re...

US office recovery will be slow in volatile market: Korean investors

US office recovery will be slow in volatile market: Korean investors

Increased rates will impact global real estate deals and slash property values, according to major institutional investors in South Korea. The US of...

Multifamily, digital infrastructure have upside potential: ASK 2023

Multifamily, digital infrastructure have upside potential: ASK 2023

Investors will spur capital injection in global residential real estate and emerging infrastructure segments such as data centers and energy transit...

Get away from it all? Korea is a must-visit, says Airbnb's strategy officer

Get away from it all? Korea is a must-visit, says Airbnb's strategy officer

This summer is expected to be one of the busiest travel seasons seen in a while.Trapped in the COVID-19 pandemic lockdown over the past couple of ye...

S.Korea to launch first cyber office for small, medium businesses

S.Korea to launch first cyber office for small, medium businesses

South Korea's Minister of SMEs and Startups Lee Young on Monday said the country will launch its 18th office for small and medium enterprises (SME) ...

Hyundai, IGIS sign deal to develop robot-friendly buildings

Hyundai, IGIS sign deal to develop robot-friendly buildings

Hyundai Motor Group said on Tuesday that it has signed a business agreement with IGIS Asset Management Co., the largest real estate investment firm ...

KKR to buy Namsan Green Building in Seoul for $186.7 million

KKR to buy Namsan Green Building in Seoul for $186.7 million

KKR & Co. Inc. has agreed to buy Namsan Green Building in a central office district in Seoul for an estimated 250 billion won ($186.7 million).T...

PwC’s S.Korean member to focus on SE Asia acquisition deals

PwC’s S.Korean member to focus on SE Asia acquisition deals

Samil PricewaterhouseCoopers, the South Korean member firm of global accounting industry leader PwC, aims to focus on overseas acquisition deals of ...

Korean gov’t pledges additional $7.9 bn for startups amid fund squeeze

Korean gov’t pledges additional $7.9 bn for startups amid fund squeeze

The South Korean government will spend an additional 10.5 trillion won ($7.9 billion) to shore up the country’s startups and venture capitalis...

S.Korea's Com2verse releases metaverse virtual office

S.Korea's Com2verse releases metaverse virtual office

South Korean game company Com2uS Corp. announced on Wednesday that its metaverse subsidiary, Com2Verse, has released a YouTube video showcasing the ...

POSCO Group chairman presides over World Steel Association meeting

POSCO Group chairman presides over World Steel Association meeting

Choi Jeong-woo, Chairman of POSCO Group and the World Steel Association, attended the association's first half-regular meeting held in Vienna, Austr...

POSCO Group plans talks with former US diplomat

POSCO Group plans talks with former US diplomat

Former US Deputy Secretary of State Stephen Biegun will hold talks with Chairman Choi Jeong-woo of South Korea’s POSCO Group.They will discuss...

Samsung unveils full 2023 new smart monitor lineup

Samsung unveils full 2023 new smart monitor lineup

Samsung Electronics Co. will release a new lineup of smart monitors with significantly enhanced home office and personalized features.According to S...

Hyundai Motor wins Newsweek World’s Greatest Auto Disruptors Awards

Hyundai Motor wins Newsweek World’s Greatest Auto Disruptors Awards

Hyundai Motor Group announced on Wednesday that it won two categories at the "World's Greatest Auto Disruptors 2023" awards ceremony by Newsweek, a ...

NongHyup opens office in Vietnam to strengthen K-food exports

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...

Hyundai’s Chung urges US operations to double down after record Q1

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...

TIMWORK lifts trophy at March D.Camp startup pitch competition

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...

Innocean's subsidiary D&G opens Brooklyn office

Innocean's subsidiary D&G opens Brooklyn office

Innocean, a Hyundai Motor Group-affiliated advertising agency, announced on Monday that it has opened a Brooklyn office of creative subsidiary David...

Korea's Hancom, Naver Cloud agree to cooperate in AI field

Korea's Hancom, Naver Cloud agree to cooperate in AI field

Hancom Inc. and Naver Cloud announced on Wednesday a strategic partnership to integrate Naver Cloud's large-scale artificial intelligence (AI) "Hype...

JW Pharma receives 1st overseas patent for its hair loss treatment

JW Pharma receives 1st overseas patent for its hair loss treatment

JW Pharmaceutical, a drug company based in South Korea, has received its first patent for a hair loss treatment that is currently in development. Th...

S.Korea's Hancom to apply ChatGPT to Hancom Docs

S.Korea's Hancom to apply ChatGPT to Hancom Docs

South Korea's office software developer Hancom Inc. will apply ChatGPT, a generative artificial intelligence (AI) service that allows users to reque...

Elon Musk’s SpaceX set for tie-up with KT SAT for Starlink service in Korea

Elon Musk’s SpaceX set for tie-up with KT SAT for Starlink service in Korea

  SpaceX, the rocket and spacecraft manufacturer founded by Tesla Inc. Chief Executive Elon Musk, will likely join forces with KT Corp. to lau...

S.Korea names budget veteran as finance minister to prop up economy KKR in control feud over Korea’s top solar power plant Hanwha Systems to compete with LIG Nex1 for Korean version of Iron Dome NH, KB Securities, Kookmin Bank, Kim & Chang lead capital markets in H1 From G-Dragon to Ibuki: Dongmyo emerges as global fashion hotspot