KT rebrands Olleh TV as Genie TV to transform into media portal

South Korea’s telecom giant KT Corp. is rebranding its IPTV service Olleh TV as Genie TV as part of its efforts to transform into a media port...

Samsung unveils 1.4 nm tech roadmap to challenge TSMC’s dominance

SILICON VALLEY – Samsung Electronics Co. said on Monday it will adopt the industry’s most advanced 1.4-nanometer chip production technol...

Naver to buy Poshmark at $1.6 bn to boost US e-commerce biz

Naver Corp. is set to take over US Poshmark Inc. for some $1.6 billion to make inroads into the e-commerce sector in North America as South Korea&rs...

SoftBank’s Son expected to meet Samsung's Lee for Arm M&A discussion

SoftBank Group Corp. CEO Masayoshi Son, who also goes by the Korean name Son Jeong-ui, arrived in South Korea on Saturday. When asked about the purp...

Samsung cuts H2 chip sales outlook by a third, gripped by sense of crisis

Samsung Electronics Co., the world’s largest memory chipmaker, has slashed its outlook for second-half semiconductor sales revenue by a third ...

Tiger Alternative, Ocean West sell 7 warehouses in US for $1 bn

A consortium led by South Korea’s Tiger Alternative Investors Co. and Los Angeles-based real estate firm Ocean West Capital Partners sold seve...

LIG Nex1 to invest $77 million to expand weapons production facility

LIG Nex1 Co., a leading South Korean defense company, said on Thursday it will spend 110 billion won ($77 million) on its production facility expans...

Korea ramen packet maker inks $1 bn battery material deal

A South Korean instant noodle packet maker has secured a $1 billion deal to supply battery materials to a joint venture between General Motors Co. a...

Falling won yet to cool Koreans’ fever for overseas travel

The South Korean won has continued its decline to hit lows not seen since the 2008-09 global financial crisis on sustained concerns of an economic d...

IGIS Asia, Quadreal to form JV for warehouse development in Korea

IGIS Asia Investment Management Pte., the Singapore-based subsidiary of South Korea’s largest real estate manager IGIS Asset Management, and V...

Hyundai Rotem signs defense deal with Norway’s Kongsberg

South Korean arms maker Hyundai Rotem Co. has clinched a strategic partnership with Norway’s Kongsberg Defence & Aerospace AS to jointly d...

Lotte Chem to buy Iljin at $1.9 bn for battery material biz

South Korea’s Lotte Chemical Corp. is set to acquire major domestic battery material maker Iljin Materials Co. at some 2.7 trillion won ($1.9 ...

NAND chips may sustain double-digit price drops in Q4

NAND flash memory chip prices are expected to sustain a double-digit decline in the fourth quarter of this year due to oversupply and waning demand,...

Chip foundry DB HiTek pulls the plug on fabless division spinoff plan

DB HiTek Co. has pulled the plug on the possible spinoff of its fabless division, named the brand business department. The decision comes on the bac...

Aircraft maker KAI: Hanwha Group's new M&A target?

Hanwha Group’s agreement to buy a controlling stake in Daewoo Shipbuilding & Marine Engineering (DSME) Co. for 2 trillion won ($1.4 billio...

Samsung heads to US amid intensifying chip talent war

Samsung Electronics Co., the world’s largest memory chipmaker, is heading to the US next month to scout semiconductor research and development...

Hanwha agrees to buy Daewoo Shipbuilding for $1.4 billion

South Korea's leading weapons manufacturer Hanwha Group agreed on Monday to buy a controlling stake in Daewoo Shipbuilding & Marine Engineering ...

Korea's Kospi plunges to year's record low close on foreign selling

South Korea’s main bourse Kospi dropped 1.81% to finish at 2,290.00 on Sept. 23, hitting a new low closing for the year amid growing woes over...

Gaonchips rally on market talk of Samsung's investment in ARM

Shares in South Korea’s semiconductor chip design house Gaonchips Co. extended their rally for a second day on Friday on growing market talk t...

Samsung’s Lee, SoftBank’s Son to discuss partnership on ARM

Samsung Electronics Co. Vice Chairman Jay Y. Lee will meet with Japan’s SoftBank Group Chairman Masayoshi Son next month to discuss a deal reg...

Battery maker SK On sweetens $1.4 bn fundraising deal

SK On Co., the world’s fifth-largest rechargeable battery maker, has sweetened its deal to attract 2 trillion won ($1.4 billion) in new share ...

Hyundai E&C wins $158 mn order for port facility construction in Kuwait

South Korea’s Hyundai Engineering & Construction Co. announced Tuesday it won a 220 billion won ($157 million) deal from Kuwait to add sev...

SK Telecom expands business portfolio with quantum tech

South Korea’s top mobile carrier SK Telecom Co. is expanding its business portfolio with quantum technology, even into industries that are unr...

SK Broadband develops green, efficient network technology

South Korea's internet service provider SK Broadband Co. has developed optical communications technology that simultaneously provides differing degr...

Korea’s No. 1 bookstore Kyobo seeks to acquire OTT platform Watcha

The Kyobo Book Centre, South Korea’s largest bookstore chain, is seeking to acquire over-the-top (OTT) platform Watcha Inc. to expand its busi...

Hyundai wins $1.2 bn railway order from Philippines

South Korea’s Hyundai Engineering & Construction Co. has won a $1.2 billion order from the Philippines to build a railway connecting the c...

Korea battery, chip companies fail to reboot IPO market

South Korea’s battery and semiconductor companies, stock investors’ favorites, failed to revive the local initial public offering market...

POSCO expects typhoon to reduce sales by $1.5 billion

POSCO, the world’s sixth-largest steelmaker, has predicted sales to fall by $1.5 billion as a typhoon disrupted one of its plants in South Kor...

S.Korea may have spent over $700 mn to support ailing won

South Korea was estimated to have dumped more than $700 million on Thursday to support the ailing won currency as it risked breaking through the psy...

EMP Belstar launches $300 mn Korea logistics fund

Energy and infrastructure-focused private equity firm EMP Belstar has launched its second logistics fund targeting cold storage facilities in South ...