Investors dump Korean shares after tax reform; won plunges

Investors rushed to sell off South Korean stocks across the board, which dragged down the Korean currency value on Friday after the government annou...

Samsung eyes earnings recovery in H2 on higher HBM sales

Samsung Electronics Co. expects its earnings to recover in the second half of this year, banking on rising demand for its premium high-bandwidth mem...

LG Energy secures $4.3 bn LFP battery deal from Tesla in shift from CATL

LG Energy Solution Ltd. on Wednesday announced a $4.3 billion deal to supply lithium iron phosphate (LFP) batteries to a foreign client, identified ...

S.Korea to hike corporate taxes, broaden shareholder tax base

South Korea’s government and ruling Democratic Party on Tuesday agreed to raise the top corporate tax rate and lower the capital gains thresho...

Hyundai Mobis defies tariff headwinds with 37% jump in Q2 profit

South Korea’s top auto parts maker Hyundai Mobis Co. posted a 36.8% year-on-year rise in second-quarter operating profit, buoyed by a strategi...

Hanwha Ocean wins $1.4 bn order from Yang Ming to build 7 containerships

Hanwha Ocean Co., South Korea’s third-largest shipbuilder, has bagged an order to build seven containerships, valued at about 2 trillion won (...

Samsung to unveil 1st triple-folding smartphone by year’s end to rival Huawei’s Mate X2 Tri-Fold

NEW YORK – Samsung Electronics Co. plans to release its first triple-folding smartphone by the end of this year to fend off growing competitio...

South Korea issues €1.4 billion in largest-ever euro bond sale

South Korea raised 1.4 billion euros ($1.6 billion) through a euro bond sale on Thursday, marking the country's largest-ever euro-denominated debt i...

LG Display to invest $925.4 mn in smaller, high-end OLED

LG Display Co., the world’s top large-sized organic light-emitting diode (OLED) panel maker, will invest 1.26 trillion won ($925.4 million) to...

NPS gobbles up Korea’s top 4 financial holding stocks

South Korea’s largest institutional investor, the National Pension Service (NPS), remains a strong backer of the country’s top four fina...

US considers withdrawing thousands of troops from South Korea

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BMW surpasses Mercedes in Korean sales for 1st time in 10 years

The top five imported car brands in South Korea underwent a major shake-up last year. BMW overtook Mercedes-Benz in sales for the first time in a de...

Hanwha Ocean shares sink after KDB's sale of 4.2% stake

Investors rushed to dump Hanwha Ocean Co. shares early Tuesday after its second-largest shareholder, Korea Development Bank, cashed in on a 4.2% sta...

S.Korea’s top 4 financial holding firms cheer upbeat Q1 results

South Korea’s top four financial holding companies – Shinhan, KB, Hana and Woori – reported stellar earnings for the first quarter...

S.Korea’s medical tourism thrives on weak currency

Foreign visitors to South Korea jumped nearly 20% early this year, largely driven by a sharp depreciation in the country’s currency value agai...

BOK stands pat; rate cut likely within 3 months as economic growth slows

The Bank of Korea (BOK) left its benchmark interest rate unchanged at 2.75% on Thursday, with Governor Rhee Chang-yong warning that a surge in globa...

South Korea’s young rich vs old rich: Coins, art outpace bonds, funds

Young South Korean millionaires, placing bold wagers on unconventional financial assets such as cryptocurrencies and art, are gaining ground fast, g...

South Korean stocks, currency dive amid deeper US tariff turmoil

The South Korean stock market logged its biggest daily loss of more than 5% in eight months on Monday, joining its Asian peers bruised by panic sell...

K-beauty exports to China rebound after 4-month slump

South Korea’s beauty industry is showing signs of recovery in China, with exports rebounding after four months of decline.The turnaround follo...

S.Korean court to rule on impeached President Yoon’s fate April 4

South Korea’s Constitutional Court on Friday will give its ruling on President Yoon Suk Yeol, who was impeached in December for declaring mart...

SM Entertainment acquires additional 11.4% stake in DearU for $9.2 mn

SM Entertainment Co., South Korea’s music powerhouse behind internationally popular boy and girl bands like EXO and aespa, has acquired an add...

Shinhan REITs picked as sole bidder for BNK Digital Tower

Shinhan REITs Management is expected to acquire BNK Digital Tower, an office building in the affluent neighborhood of Gangnam in southern Seoul, aft...

NPS to buy stake in Australia’s Metrics to expand alternative investments

South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, has agreed to buy a stake in Australian asset mana...

MBK chairman to leverage own funds to pay Homeplus suppliers

Michael ByungJu Kim, the co-founder, partner and chairman of Northeast Asia-focused private equity firm (PEF) MBK Partners Ltd., is expected to leve...

Samsung SDI to raise $1.4 bn in rights offering for facility expansion

Samsung SDI Co. will issue new shares worth 2 trillion won ($1.4 billion), its first rights offering in two decades, to fund bold facility and R&...

Hyundai Motor spins off 4 in-house startups in energy, AI, mobility

South Korea’s auto behemoth Hyundai Motor Group has spun off its four in-house startups with innovative technologies in mobility, automation a...

Korea’s weak exports add to Trump tariff risk woes

South Korea’s exports in the first two months skidded as sales to the world’s two largest economies China and the US fell, adding to con...

Meritz leaps to No. 2 financial holding firm in South Korea

Meritz Financial Group Inc., once a medium-sized financial service firm in South Korea, has become the second-most valuable publicly traded financia...

HMM seeks to acquire parts of SK Shipping for $1.4 bn from Hahn & Co.

HMM Co., South Korea’s largest ocean carrier, is seeking to buy SK Shipping Co., excluding its liquefied natural gas (LNG) transportation busi...

PAG raises $4 bn for opportunistic Asia real estate fund

PAG, an Asia Pacific-focused alternative investment firm, on Friday announced the final close of its 10th opportunistic real estate fund at $4 billi...