Crypto exchange sale stalls amid Bitcoin boom

Crypto exchange sale stalls amid Bitcoin boom

The sale process of Bithumb, South Korea's largest cryptocurrency exchange, is taking longer than expected due to a spike in its price tag as invest...

SK Holdings raises $1 bn from block sale of SK Biopharm shares

SK Holdings raises $1 bn from block sale of SK Biopharm shares

South Korea's SK Holdings Co. has offloaded an 11% stake in SK Biopharmaceuticals Co. in a block trade for 1.1 trillion won ($1 billion) as part of ...

SK Bioscience eyes $900 mn annual sales from vaccine business

SK Bioscience eyes $900 mn annual sales from vaccine business

South Korea’s SK Bioscience Co. is looking to post 1 trillion won ($900 million) in annual revenue from its vaccine business as the biopharmac...

Korean insurers may write down $1.1 bn in global alternatives

Korean insurers may write down $1.1 bn in global alternatives

South Korea’s 36 insurance companies have invested a combined 70 trillion won ($63 billion) in overseas alternative investments as of the end ...

E-commerce platform TMON raises $276 mn in pre-IPO share sale

E-commerce platform TMON raises $276 mn in pre-IPO share sale

South Korea’s e-commerce platform TMON Inc., majority-owned by KKR & Co. and Anchor Equity Partners, has completed its pre-IPO share sale ...

Korea’s Optrontec eyes growth in optical lens sales as EVs take off

Korea’s Optrontec eyes growth in optical lens sales as EVs take off

Optrontec Inc., a small South Korean manufacturer and provider of optical filters, lenses and three-dimensional sensing technology, has been ramping...

Korea Post names new CIOs of savings, insurance arms

Korea Post names new CIOs of savings, insurance arms

Korea Post has appointed new chief investments officers of both its savings and insurance units, in an internal reshuffle of senior managers at the ...

Hyundai Motor, Kia post strong US sales on SUV, Genesis

Hyundai Motor, Kia post strong US sales on SUV, Genesis

Hyundai Motor Co. and sister firm Kia Corp. posted strong January sales in the US, where the South Korean companies are working to refine their prof...

LG Electronics' 2020 sales, operating profit hit all-time highs

LG Electronics' 2020 sales, operating profit hit all-time highs

South Korea’s LG Electronics Inc. on Friday posted record 2020 operating profit and revenue, boosted by robust sales in its home appliance div...

IMF official warns against S.Korea’s short-sale ban

IMF official warns against S.Korea’s short-sale ban

A senior official of the International Monetary Fund (IMF) on Thursday warned against the extended ban on stock short selling in South Korea, saying...

KDB mulls sale of HMM to POSCO

KDB mulls sale of HMM to POSCO

South Korea's state-run bank is considering selling HMM Co., the country's largest container line, to steelmaker POSCO as the shipping industry expe...

LG hires Kim & Chang as advisor for mobile division sale

LG hires Kim & Chang as advisor for mobile division sale

LG Electronics Inc. has mandated South Korea’s largest law firm Kim & Chang as the legal advisor for its smartphone division sale, accor...

Lotte Chem ready to bid for JSR’s synthetic rubber business

Lotte Chem ready to bid for JSR’s synthetic rubber business

South Korea’s Lotte Chemical Corp. has completed due diligence on the synthetic rubber operation of JSR Corp., put up for sale by the Japanese...

Lotte Rental resumes IPO process; seeks $1.8 bn valuation

Lotte Rental resumes IPO process; seeks $1.8 bn valuation

South Korea’s leading rental car company Lotte Rental Co. has resumed its initial public offering process, despite having earlier postponed ...

Yogiyo sale gains steam as Baemin investors set for Q1 exit

Yogiyo sale gains steam as Baemin investors set for Q1 exit

Financial investors in South Korea's No. 1 food delivery app Baedal Minjok (Baemin) are set to exit in the first quarter of this year, closing t...

Top court rules in favor of Doosan Infracore; sale to Hyundai to proceed

Top court rules in favor of Doosan Infracore; sale to Hyundai to proceed

The sale process for Doosan Infracore Co. is gaining traction after it won a legal dispute with financial investors over a case involving the top So...

Hyundai, Kia rev up SUV sales in India amid pandemic lockdown

Hyundai, Kia rev up SUV sales in India amid pandemic lockdown

Hyundai Motor Co. and its sister firm Kia Motors Corp. are emerging as preferred sport-utility vehicle brands in India, as one in every two SUVs sol...

Seoul to offer $3 bn credit insurance on Saudi's megaprojects

Seoul to offer $3 bn credit insurance on Saudi's megaprojects

Korea Trade Insurance Corp. (K-Sure) has agreed to provide $3 billion in trade credit insurance to Saudi Arabia to help South Korean companies win o...

Japan’s JSR reaches out to Lotte, LG for sale of synthetic rubber business

Japan’s JSR reaches out to Lotte, LG for sale of synthetic rubber business

Japan’s JSR Corp. is reaching out to Korean chemical companies to dispose of its synthetic rubber business and focus instead on semiconductor ...

Korea Resources seeks sale of Australia coal mine to slash debt

 Korea Resources seeks sale of Australia coal mine to slash debt

Korea Resources Corp. is planning to sell its 82.25% stake in a coal mine in Australia, as part of efforts to cut its debt totaling 6.7 trillion won...

E-commerce giant eBay kicks off $4.6 bn sale of eBay Korea

E-commerce giant eBay kicks off $4.6 bn sale of eBay Korea

E-commerce giant eBay Inc. has officially kicked off the sale process of eBay Korea Co., valued up to 5 trillion won ($4.6 billion), with its sa...

Hanjin Heavy set for sale to Dongbu-led consortium

Hanjin Heavy set for sale to Dongbu-led consortium

A South Korean consortium led by construction firm Dongbu Corp. has been picked as the preferred negotiator to buy a controlling stake in cash-strap...

Tax cuts, pandemic lift imported car sales in Korea

Tax cuts, pandemic lift imported car sales in Korea

Imported car sales in South Korea are on track to post a record high this year, benefiting from consumption tax cuts aimed at stimulating personal s...

LG Chem launches battery unit LG Energy Solution, eyes 2024 sales of $27 bn

LG Chem launches battery unit LG Energy Solution, eyes 2024 sales of $27 bn

South Korea’s LG Chem Ltd. has officially launched its battery affiliate, LG Energy Solution, to carve out a greater share of the increasingly c...

Wine sales in S.Korea surge amid COVID-19 lockdown

Wine sales in S.Korea surge amid COVID-19 lockdown

E-Mart Inc., one of South Korea’s largest retailers, saw its annual wine sales exceed 100 billion won ($90.3 million) for the first time as ...

SK Hynix’s 2020 non-memory chip sales seen to hit record high

SK Hynix’s 2020 non-memory chip sales seen to hit record high

SK Hynix Inc. is on track to record its highest sales from its non-memory chip business this year after the world’s second-largest DRAM memory c...

Korea's most-repurchased mask maker up for sale

Korea's most-repurchased mask maker up for sale

Wellkeeps Co., a South Korean mask manufacturer, has issued an information memorandum to potential buyers including financial investors and strategic ...

Kakao’s Q3 sales, operating profit soar on e-commerce, online ad gains

Kakao’s Q3 sales, operating profit soar on e-commerce, online ad gains

South Korea’s mobile platform giant Kakao Corp. said Thursday its operating profit and sales jumped to their all-time highs in the third quarter...

Korea's largest job portal JobKorea up for sale

Korea's largest job portal JobKorea up for sale

South Korea-based private equity firm H&Q has begun the sale process for JobKorea, the country's largest job portal estimated to be worth up to $7...

SK Hynix vows to triple NAND sales in 5 years after strong Q3

SK Hynix vows to triple NAND sales in 5 years after strong Q3

SK Hynix Inc. has vowed to triple its NAND flash memory sales within five years, buoyed by its recent acquisition of Intel Corp.’s NAND memory a...

Google Maps, Blackpink fans’ must-have item for Deadline World Tour South Korea’s Lee completes cabinet lineup with IT executive, lawmaker Hyundai Glovis charts new waters with world’s first AI-driven self-sailing car carrier fleet Korea’s game studios rebrand as AI tech firms, move into fashion, robotics, media Return of the K-pop queens: Blackpink, Twice power up YG, JYP