M&A deals in South Korea hit 7-year low in 2024
South Korea’s mergers and acquisitions market shrank further in 2024, with leading business groups seeking to unload non-core assets to bolste...
Korea’s Shinsegae chairman dines with Trump at Mar-a-Lago
Chung Yong-jin, the chairman of South Korea’s retail giant Shinsegae Group, held talks with US President-elect Donald Trump, becoming Korea's ...
S.Korea's dawn delivery pioneer Kurly sells luxury goods to uplift profit
Kurly Inc., South Korea's dawn delivery service market pioneer, has invited a third-party online retailer to sell luxury goods on its platform to bo...
South Korea to ease foreign exchange regulations, expand FX swap line
South Korea’s foreign authorities said on Friday they will ease foreign exchange regulations to allow more dollars into the domestic financial...
Korea bags Romanian project to refurbish nuclear reactor
Korea Hydro & Nuclear Power Co. (KHNP) on Thursday inked a final agreement with Romania’s Societatea Nationala Nuclearelectrica (SNN) to r...
MBK, Young Poong close in on majority of Korea Zinc
A consortium of MBK Partners and Young Poong Corp. has raised its stake in Korea Zinc Inc. to 46.7% of voting shares, drawing the group closer to ma...
GIC drops Seoul landmark building sale on Korea’s political woes
Singapore’s GIC Private Ltd., the world’s sixth-largest sovereign wealth fund, dropped the sale of a landmark building in Seoul due to t...
S.Korea's personal mobilities firm GCoo enters Africa
South Korean personal mobility (PM) company Gbike, the operator of PM sharing service platform Gcoo, said on Wednesday it started the electric kick ...
S.Korea’s c.bank chief sees limited impact of political turmoil on economy
South Korea’s central bank chief said on Wednesday the impact of political turmoil caused by martial law on Asia’s fourth-largest econom...
Ruthless Politics of South Korea Is Rooted in Cold-War History
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Celltrion BioSolutions launched to venture into CDMO
Celltrion Inc. on Tuesday launched its contract development and manufacturing organization unit Celltrion BioSolutions Co. in its foray into the CDM...
Foreign workers in S.Korea surpasses 1 million
The number of foreign workers in South Korea has broken past the 1 million mark.According to Statistics Korea on Tuesday, as of May, there were 1.56...
Hyundai AutoEver establishes JV in Indonesia
South Korea's Hyundai AutoEver Corp. said on Monday it built the joint venture PT Terra Link technology in Indonesia with India's MapmyIndia. T...
S.Korea to hold IR session to unveil market-boosting steps
South Korea's government will host an overseas investor relations session to explain the country’s economic conditions and unveil market-boost...
Korean paper makers to file anti-dumping complaint vs Japanese rivals
South Korean corrugated cardboard sheet makers such as Asia Paper Manufacturing Co. have decided to file an anti-dumping complaint against Japanese ...
Korea’s president impeached over martial law; political turmoil to ease
South Korea’s parliament voted to impeach President Yoon Suk Yeol on Saturday over his stunning martial law decree, suspending him from office...
South Korea’s sovereign credit rating stable: S&P, Moody's, Fitch
South Korea’s sovereign ratings remain stable despite the political turmoil caused by the short-lived martial law declaration of President Yoo...
Hyundai, BAIC to inject $1.1 bn in China joint venture
Hyundai Motor Co. and its Chinese partner Beijing Motor Corp. (BAIC) will jointly invest $1.1 billion in their joint venture, which produces and sel...
Samsung unveils AI-powered Galaxy Book5 Pro to take on Apple’s MacBook
Samsung Electronics Co. on Thursday unveiled its new Galaxy Book5 Pro, packed with various AI functions, to compete with archrival Apple Inc.’...
Korea’s commercial vehicle sales tumble on economic slowdown
South Korea’s commercial vehicle sales are plunging on sluggish domestic demand amid a slowdown in Asia’s fourth-largest economy.Local s...
POSCO Future M develops technology to make electrode rods
POSCO Future M Co., a battery material and steel manufacturing equipment supplier, said on Thursday it has developed electrode rod manufacturing tec...
Asiana Airlines joins Korean Air as subsidiary
Asiana Airlines Inc., one of South Korea’s only two full-service carriers, has passed into history after 36 years of operation to be placed un...
Language learning app Speakeasy joins ranks of unicorn startups
Speakeasy Labs Inc., a South Korea-focused language learning app operator, has joined the ranks of unicorn startups after raising $78 million at a v...
Mirae Asset rises to 12th-largest ETF manager with $141 billion in assets
South Korea’s leading asset manager Mirae Asset Financial Group has emerged as the world’s 12th-largest exchange-traded fund (ETF) manag...
GIC to open 2nd tender for Seoul landmark building sale as bids disappoint
Singapore’s GIC Private Ltd., the world’s sixth-largest sovereign wealth fund, is set to seek more proposals from bidders to sell a land...
BTS Jin to enter liquor business
BTS Jin plans to enter Korean traditional liquor business with Baek Jong-won, founder and CEO of The Born Korea Co., the entertainment industry sour...
Affinity to transform top Korean car rental firms into mobility service providers
Affinity Equity Partners aims to develop leading South Korean car rental companies into mobility service providers to create additional profitabilit...
Korea’s OCI, US partner CPS Energy sign 20-year energy storage deal
South Korean solar cell company OCI Holdings Co. said on Tuesday it has signed a deal with US power supplier CPS Energy to jointly build a 120-megaw...
NPS steps back from Doosan Robotics' Bobcat merger
The National Pension Service (NPS) appears to be stalling on a vote for Doosan Robotics Inc.'s merger with Doosan Bobcat Inc., with major proxy advi...
LX Pantos IPO delayed as Mirae Asset sells stake
South Korea’s leading brokerage firm Mirae Asset Securities Co. is poised to sell its stake in LX Pantos Co., adding to expectations of more d...
