Samsung C&T, S-Oil in hydrogen transport partnership

Samsung C&T Corp., the construction and trading arm of Samsung Group, has tentatively agreed with S-Oil Corp. to cooperate in securing overseas ...

SK, Asia Pulp to develop eco-friendly packaging paper

SK Geo Centric Co., South Korea’s leading petrochemical company, will develop eco-friendly paper coating materials to enter the recyclable pac...

Kakao says to shift toward co-existing business model

Kakao Corp. will be abandoning its growth model that has transformed once a mere mobile messenger operator into one of South Korea's largest busines...

Monroe Capital opens first Asian outpost in Seoul

The US private credit markets-focused Monroe Capital LLC has made its foray into Asia by opening an office in South Korea, where the National Pensio...

Automotive security in spotlight on growing EV market

The automotive security technology for automotive electronics is in the spotlight as the global electric vehicle market is growing. The information ...

S.Korea to allow brokerages to trade carbon credits

Financial services companies, including brokerage firms, will be able to participate in South Korea's carbon emission trading market by year's end a...

POSCO, GS join hands to expand battery, hydrogen business

POSCO and GS Group have teamed up to expand their battery recycling and hydrogen businesses. The move came as South Korea’s top steelmaker POS...

Philippines LCS Group to invest more in Korea tourism

The Philippines LCS Group of Companies plans to expand investment in South Korea’s tourism as the Northeast Asian country is expected to attra...

Hyundai Heavy, Babcock join forces for Korea’s first aircraft carrier

Hyundai Heavy Industries Co. teamed up with British engineering company Babcock International to develop South Korea’s first aircraft carrier....

Citibank Korea’s retail banking exit faces stumbling block

The sale of Citibank Korea’s consumer banking business has hit a stumbling block as the South Korean unit of Citigroup Inc. postponed its boar...

S.Korea to launch first carbon credit ETFs in September

South Korea will launch its first set of carbon credit-themed exchange-traded funds (ETFs) next month, in a move to address the rising investor dema...

Credit Suisse takes one-fifth of S.Korea's Aug IPO fees

Credit Suisse (CS) is taking one-fifth of the underwriting fees from South Korea's four big initial public offerings this month, including KakaoBank...

Tourism, aircraft take bulk of 2020 alternatives loss

South Korea's eight leading brokerage companies, including Mirae Asset Securities Co. and Hana Financial Investment Co., are estimated to have booke...

Fed’s Powell, BOK chief to meet during G20 gathering

Federal Reserve Chair Jerome Powell and Bank of Korea (BOK) Governor Lee Ju-yeol will meet during a Group of 20 (G20) gathering of finance ministe...

Toss Bank to compete with K Bank, Kakao Bank from September

Toss Bank in September will enter the race of internet-only banks in South Korea as the third player, competing against K Bank and Kakao Bank. Toss ...

ADT Caps hires IPO managers to speed up 2021 listing

ADT Caps Co., South Korea's No. 2 security services provider, has appointed Morgan Stanley, Credit Suisse and NH Investment & Securities Co. to ...

K-pop content platforms team up to take lead in community market

Platform operators targeting global K-pop fans are mired in fierce competition as companies team up to vie for the lead in the fan community platfor...

LG Chem stock plunges -6.73%, worst dip since March

LG Chem Ltd. suffered a broad sell-off on May 26, with more than 4 trillion won ($3.6 billion) of its market cap vanishing in a single trading day, ...

Korea Credit Data raises over $35 mn from Pavilion, GS, KB Bank

South Korea-based fintech firm Korea Credit Data (KCD) has raised around 40 billion won ($36 million) from Singapore-based private equity firm Pavil...

BTS label cites fan-tailored innovation as key to success

Fan-tailored innovation is the crux of the success behind K-pop sensation BTS' label, according to Lenzo (Seok-jun) Yoon, chief executive of Big Hit...

Hyundai, SK in hydrogen tie-up as part of $38 bn industry cooperation

South Korea’s auto giant Hyundai Motor Group and energy conglomerate SK Group have agreed to tie up in hydrogen-related projects as part of an...

Coupang likely to get $1 bn credit line from IPO managers

South Korea’s online retailer Coupang Corp. is looking to secure a credit line of up to $1 billion from the underwriters of its US initial pub...

Naver, Big Hit, YG join forces to conquer K-pop fan community market

The K-pop fan community scene is set to heat up even further as South Korea platform giant Naver Corp. joins forces with BTS label Big Hit Entertain...

LG, Qualcomm to cooperate in 5G platforms for connected cars

LG Electronics Inc. and Qualcomm Technologies Inc. have agreed to cooperate in the development of 5G wireless platforms for next-generation connecte...

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...

Credit Suisse retains top spot in Korea’s M&A advisory league

Credit Suisse has maintained its top position on South Korea’s M&A advisory league table in 2020, working on most of the high-profile deal...

LG Energy Solution, Indonesia sign MOU on battery cooperation

LG Energy Solution, the battery unit of LG Chem Ltd., has signed a memorandum of understanding with the Indonesian government’s investment aut...

Korean Teachers’ Credit poised for best return since 2010

The Korean Teachers’ Credit Union (KTCU) is on course to post its strongest investment return in a decade of around 9%, driven by double-digit...

Goldman Sachs’ $14 bn credit fund draws $260 mn from Korea

South Korea’s Police Mutual Aid Association (PMAA) and financial services firms, including Samsung Securities Co., have committed $260 million...

Korean teachers' fund names ex-education minister as CEO

South Korea’s Ministry of Education has chosen Kim Sang-gon, formerly deputy prime minister and education minister, as the new chief executive f...