HD Hyundai Infracore secures order for 39 excavators in Turkiye
South Korea's HD Hyundai Infracore Co. announced on Thursday that it has recently secured an order for 39 large excavators under its Develon brand f...
Korea issues $10.75 bn in refund guarantees to shipbuilders
South Korean banks and state-run financial institutions will issue $10.75 billion worth of refund guarantees (RGs) to domestic shipbuilders, which t...
Lotte Hotels & Resorts opens L7 Hotel in Chicago
South Korea’s Lotte Hotels & Resorts announced on Friday that it held the opening event for L7 Chicago by Lotte in Chicago, the US, E...
Japan golf courses, Korean investors’ new target assets
South Korean investors are eyeing Japan’s golf resorts to buy amid the weak yen, rising demand for golf courses in Japan, and relatively low p...
Hanwha Ocean launches large offshore WTIV
South Korea's Hanwha Ocean Co. announced on Monday that it launched a large wind turbine installation vessel (WTIV), which it secured an order for f...
S.Korea beats Japan in GNI per capita for 1st time in 2023
South Korea outstripped Japan in terms of per capita gross national income (GNI) for the first time in 2023, central bank data showed, with the Japa...
IGIS fund defaults on loan linked to German office
A 370-billion-won ($270 million) real estate fund managed by IGIS Asset Management Co. faces a heavy loss from its investment in Trianon, a landmark...
LG screens World Environment Day campaign in New York, London
LG Electronics Inc. announced on Monday that it has screend the World Environment Day (June 5) campaign video on its outdoor billboards in New York'...
South Korea finds massive crude oil, gas prospects in East Sea: Yoon
South Korea, which heavily relies on imports for its energy use, has found a potentially massive reserve of oil and gas offshore close to its southe...
Ferrari unveils 12Cilindri in S.Korea, 1st time in Asia
INCHEON -- Italian sports car maker Ferrari S.p.A. on Thursday unveiled the 12Cilindri with a V12 petrol engine in South Korea for the first time in...
Korea's bad loan managers seek liquidity via bond sales
South Korean non-performing loan (NPL) managers are increasing fundraising through corporate debt issuance given an outbreak of bad loans amid highe...
BOK sees more uncertainty in rate cut timing, ups growth forecast
The Bank of Korea said on Thursday it has grown more uncertain about when to cut interest rates despite expectations of easing the monetary policy g...
Hotel Lotte resumes global push with management deals
Hotel Lotte Co., South Korea’s leading hospitality, leisure and travel retail giant, has resumed its global expansion push after its hotel and...
Block deals of Korean stocks surge ahead of tighter regulation
Block trades of South Korean listed shares have surged by six times so far this year from the same period in 2023, according to the Financial Superv...
Samsung SDS taps generative AI to counter logistics risks
Samsung SDS Co., the information technology service unit under Samsung Group, actively incorporates generative artificial intelligence and machine...
South Korean startups' Tokyo fever sizzles
Despite the recent Line-Yahoo cacophony, South Korean entrepreneurs are continuing their advance into Japan to find the next big market.On Thursday,...
BOK's rate policy back to square one after GDP, Fed comments
TBILISI, Georgia – The Bank of Korea (BOK) will go back to square one on monetary policy as stronger-than-expected economic growth in the...
NPS to commit $1.1 billion to external managers in 2024
South Korea’s National Pension Service (NPS) will select domestic general partners (GPs) to manage about 1.5 trillion won ($1.1 billion) worth...
Korea builds system to speed up naked short-selling ban
South Korea’s top financial regulator is set to build a centralized digital system to strengthen the prevention of naked short-selling as the ...
Samsung launches Galaxy C55 5G in China
Samsung Electronics Co. has launched the Galaxy C55 5G, a budget-friendly smartphone series designed specifically for the Chinese market, marking th...
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...
SK Chemicals' bond oversubscribed with $526 mn demand
SK Chemicals Co., a unit of South Korea’s No. 2 conglomerate SK Group, is set for a successful debt issue as the company’s bond sale has...
Hanjin KAL to sell Waikiki Resort Hotel to Sono for $101 mn
Hanjin KAL Corp., the holding firm of South Korean flag carrier Korean Air Lines Co., is set to sell a 100% stake in its Hawaii-based subsidiary Wai...
Pepero enters Thailand’s King Power Duty Free
South Korea's Lotte Wellfood Co. announced on Friday that its thin chocolate-coated cookie sticks Pepero and no-sugar ice cream Zero entered King Po...
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...
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,...
LG Electronics seeks to sell global bonds, 1st time in 12 yrs
LG Electronics Inc. is seeking to issue dollar-denominated bonds, its first global bond sale in 12 years, according to people with knowledge of the ...
Hanwha, 1st Korean insurer to earn dividends from overseas unit
Hanwha Life Insurance Co. is set to earn dividends from its Vietnamese subsidiary, reporting a cumulative profit after 15 years, becoming South Kore...
Hyundai Motor’s IONIQ 5 robotaxi passes US driver’s license test
Soon, it will no longer be the stuff of sci-fi movies for a robocop to stop a self-driving car for speeding and for the human-less autonomous vehicl...
Samsung returns to top, to up ante against troubled Apple
Samsung Electronics Co. snatched the crown from its archrival Apple Inc. as the top global smartphone seller last month thanks to brisk sales of its...
