SFA signs display equipment deal with China's Tianma Microelectronics

SFA signs display equipment deal with China's Tianma Microelectronics

SFA Engineering Corp., South Korea's largest manufacturer of display manufacturing equipment, on Wednesday said it landed an order worth 142.1 billi...

Korea’s NPS to be in red in 2022 with 5.3% loss in Jan-Oct

Korea’s NPS to be in red in 2022 with 5.3% loss in Jan-Oct

South Korea’s National Pension Service (NPS), the world’s third-largest such fund, is poised to report an annual loss in 2022 for the fi...

Net assets of S.Korea's ETF rise to $63.1 billion despite stock woes

Net assets of S.Korea's ETF rise to $63.1 billion despite stock woes

Despite South Korea's weak stock market this year, the exchange-traded fund (ETF) sector, which marked its 20th anniversary, maintained a clear grow...

Hanwha takes over satellite technology from gov't institute

Hanwha takes over satellite technology from gov't institute

The state-run Korea Astronomy and Space Science Institute (KASI) said on Monday it had transferred to Hanwha Systems Co. the technology for satellit...

SK Innovation to inject $1.6 bn into SK On's rights offering

SK Innovation to inject $1.6 bn into SK On's rights offering

South Korea's top refiner SK Innovation Co. said on Dec. 21 it will invest 2 trillion won ($1.6 billion) in its electric battery maker unit SK On Co...

LG Chem invests $18.6 million in battery recycler JaeYoung Tech

LG Chem invests $18.6 million in battery recycler JaeYoung Tech

South Korea's LG Chem Ltd. is accelerating its entry into the North American battery recycling market by joining forces with JaeYoung Tech, a Korean...

Korean holding firms likely to post bigger dividend payouts in 2022

Korean holding firms likely to post bigger dividend payouts in 2022

South Korea's major holding companies are expected to set higher dividends per share (DPS) at end-2022 than in previous years, a Samsung Securi...

S.Korea's golf course market doubles in value over 10 years

S.Korea's golf course market doubles in value over 10 years

The value of South Korea's market golf course market now equals 98.5% of Japan's.The Korea Leisure Industry Institute (KLII) on Thursday released a ...

Hyundai, Kia on course for record EV sales in Europe

Hyundai, Kia on course for record EV sales in Europe

Hyundai Motor Group, South Korea’s top carmaker, is on course for record electric vehicle sales in Europe, with its new models' expansion in t...

Hankook Tire ESG Report wins gold prize in LACP 2022 Spotlight Awards

Hankook Tire ESG Report wins gold prize in LACP 2022 Spotlight Awards

The ESG Report of Hankook Tire & Technology won the gold prize in the 2022 Spotlight Awards hosted by the League of American Communications Prof...

VC firms rake in profit of up to 6 times principal from Raemongraein

VC firms rake in profit of up to 6 times principal from Raemongraein

Venture capital firms that invested in media production company Raemongraein Co. raked in significant profit from the surge in popularity of the TV ...

NPS shortlists 6 candidates for chief investment officer opening

NPS shortlists 6 candidates for chief investment officer opening

National Pension Service (NPS) of South Korea, the world’s third-largest pension fund managing 896.6 trillion won ($690.5 billion) as of end-S...

LS Cable & System Asia expands cable production capacity in Vietnam

LS Cable & System Asia expands cable production capacity in Vietnam

LS Cable & System Asia said on Thursday that it has invested 6.8 billion won in its Vietnamese subsidiary LS Cable & System Vietnam to compl...

Korea Zinc exchanges treasury shares with LG Chem, Hanwha Corp.

Korea Zinc exchanges treasury shares with LG Chem, Hanwha Corp.

Korea Zinc Co. will exchange part of its treasury shares with those of LG Chem Ltd. and Hanwha Corp. in a move seen to strengthen the secondary batt...

KEB Hana secures 6% stake in Onmind, part of SK Square's porfolio

KEB Hana secures 6% stake in Onmind, part of SK Square's porfolio

SK Square Co. announced on Monday that Onmind Inc., one of its portfolio companies, raised 2 billion won ($1.5 million) from KEB Hana Bank. The...

Eco-friendly car registrations exceed 1.5 mn in Korea

Eco-friendly car registrations exceed 1.5 mn in Korea

The total number of registered eco-friendly vehicles in South Korea surpassed 1.5 million as of end-October, up 38.3% from 1.1 million compared to a...

Korea's Lotte Chem likely to raise $745 mn via rights offering

Korea's Lotte Chem likely to raise $745 mn via rights offering

South Korea’s Lotte Chemical Corp. is poised to decide to raise more than 1 trillion won ($745.4 million) of capital at its board meeting this...

Miniforce producer aims to become Asia's top children's platform with IPO

Miniforce producer aims to become Asia's top children's platform with IPO

The South Korean producer of famous animated series such as Miniforce aims to become Asia’s top children's platform by way of an initial publi...

S-Oil to OK $6 billion Shaheen project as Saudi prince heads to Seoul

S-Oil to OK $6 billion Shaheen project as Saudi prince heads to Seoul

S-Oil Corp., the South Korean unit of Saudi Arabian Oil Co., will approve the much-touted 8 trillion won ($6 billion) Shaheen project to expand its ...

POSCO International to invest $2.6 billion in energy operations

POSCO International to invest $2.6 billion in energy operations

Korea's POSCO International, the trading arm of POSCO Group, on Friday formally merged with POSCO Energy, which handles liquefied natural gas (LNG) ...

Hyundai Oilbank extends US fuel export deal with Sunoco

Hyundai Oilbank extends US fuel export deal with Sunoco

Hyundai Oilbank Co. extended a deal with US independent fuel distributor Sunoco LP to export petroleum products to Hawaii as the South Korean refine...

LG Electronics, 6 stellar startups to jointly develop B2B growth engines

LG Electronics, 6 stellar startups to jointly develop B2B growth engines

LG Electronics will team up with promising startups to discover and develop new growth engines for business-to-business (B2B) operations. LG Electro...

S.Korea prepares to launch $7.6 bn stock market stabilization fund

S.Korea prepares to launch $7.6 bn stock market stabilization fund

South Korea last week completed the process needed to launch a stock market stabilization fund of 10.76 trillion won ($7.6 billion). The timing for ...

Samsung smartphone shipments down 7.4% in Q3; outlook dim

Samsung smartphone shipments down 7.4% in Q3; outlook dim

Samsung Electronics Co. suffered a drop in smartphone shipments during the third quarter on weak demand, adding to concerns over the sector’s ...

South Korea on course for seventh month of trade deficit

South Korea on course for seventh month of trade deficit

South Korea is poised to post a trade deficit for the seventh straight month in October, which would mark the longest period of shortfalls in 25 yea...

Korea eyes $20 bn in weapons exports as Hanwha inks $6 bn Polish deal

Korea eyes $20 bn in weapons exports as Hanwha inks $6 bn Polish deal

South Korea has moved a step closer to achieving a record 28 trillion won ($20 billion) in weapons exports this year, with Hanwha Defense Co. clinch...

Korean Presbyterian pension to tap GPs for alternative assets, equity

Korean Presbyterian pension to tap GPs for alternative assets, equity

Pension Foundation of Presbyterian Church of Korea (PCK Pension), a South Korean retirement plan for pastors and churches, is poised to hire several...

BOK mulls 50-bp rate hike despite slower Sept inflation

BOK mulls 50-bp rate hike despite slower Sept inflation

South Korea’s headline inflation slowed in September for a second straight month on lower oil prices, but the central bank is still predicted ...

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

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...

Tanking won deteriorates Korea’s dollar funding conditions

Tanking won deteriorates Korea’s dollar funding conditions

A nosediving South Korean won deteriorated local corporate dollar funding conditions with the cost of insuring the country’s sovereign debt ag...

Hyundai premieres IONIQ 6 N: Latest motorsport DNA for electric age Organic food chain Chorocmaeul up for sale amid liquidity woes Samsung to unveil 1st triple-folding smartphone by year’s end to rival Huawei’s Mate X2 Tri-Fold IMM Credit closes $700 mn blind credit fund backed by NPS BOK chief warns household debt near tipping point, keeps rates steady