Delay in Apple Pay approval for South Korea sends VAN co. shares tumbling

Delay in Apple Pay approval for South Korea sends VAN co. shares tumbling

The news of US mobile device giant Apple launching its Apple Pay service in South Korea this month sent the share prices of companies that assist th...

Industrial Bank of Korea provides Silicon Valley-style financing for startups

Industrial Bank of Korea provides Silicon Valley-style financing for startups

Industrial Bank of Korea (IBK) on Friday launched the IBK Venture Loan, which provides bridge loans to promising startups struggling to borrow funds...

KEPCO raises $368 mn via bond issuance on heated demand

KEPCO raises $368 mn via bond issuance on heated demand

Korea Electric Power Corp. (KEPCO) saw on Nov. 27 around 1.7 trillion won ($1.3 billion) worth of investor bids for its bond issuance targeting 400 ...

KEPCO turns from bonds to banks for money on govt plans

KEPCO turns from bonds to banks for money on govt plans

Korea Electric Power Corp. (KEPCO) is set to raise 600 billion won ($442 million) from a local bank in a plan to seek loans to secure money instead ...

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...

Korean brokerages' restructuring targets investment banking units

Korean brokerages' restructuring targets investment banking units

South Korea’s small- and mid-sized brokerage houses have begun their workforce reductions ahead of the end of the year. The brokerages are set...

Internet giant Naver to introduce same-hour delivery by year’s end 

Internet giant Naver to introduce same-hour delivery by year’s end 

South Korea’s internet giant Naver Corp. plans to introduce same-hour delivery service by year’s end. Naver CEO Choi Soo-yeon ann...

Naver posts record 3Q sales boosted by content and commerce

Naver posts record 3Q sales boosted by content and commerce

South Korea's leading web portal Naver reported record-high sales in the third quarter thanks to surging growth in its content sector, including the...

Naver Webtoon to pursue profits with Yonder app launch in US

Naver Webtoon to pursue profits with Yonder app launch in US

South Korea’s Naver Webtoon Corp. has been successful in the domestic market with its loyal subscribers willing to pay to read a diverse libra...

BOK to ease Legoland developer default-led credit crunch

BOK to ease Legoland developer default-led credit crunch

South Korea’s central bank joined rescue moves to improve liquidity in the local bond market and alleviate the fallout from a debt default by ...

Rising interest rates reshuffle Korean market cap list

Rising interest rates reshuffle Korean market cap list

Rising interest rates amid a slowing global economy rattled South Korean companies’ market capitalization rankings, bumping online players suc...

Korean banks log record profits on rising interest rates

Korean banks log record profits on rising interest rates

South Korea’s major financial groups enjoyed record quarterly earnings as higher policy interest rates increased lending rates, powering the p...

Samsung launches upgraded digital wallet to take on Apple Pay

Samsung launches upgraded digital wallet to take on Apple Pay

South Korea’s tech giant Samsung Electronics Co. said on Friday it is launching its digital wallet platform in 13 more countries by year-end t...

SK On raises $2 bn in bank loans for Hungary plant

SK On raises $2 bn in bank loans for Hungary plant

SK On Co., a South Korean battery maker, has raised $2 billion in bank loans to build its third plant in Hungary, a regulatory body said on Thursday...

Banks' term deposits attract largest sum in 20 yrs

Banks' term deposits attract largest sum in 20 yrs

A fresh 36.4 trillion won ($25 billion) was placed into bank accounts in South Korea in September, whereas 12.4 trillion won ($8.6 billion) was with...

Korea's Naver to ramp up global IR activity as stock continues decline

Korea's Naver to ramp up global IR activity as stock continues decline

South Korea’s online portal giant Naver Corp. is poised to hire an investor relations (IR) executive whose chief responsibility will be to com...

Korean corporate bond issuance hits 2022 monthly low in September

Korean corporate bond issuance hits 2022 monthly low in September

South Korean corporate bond issuance in September hit a monthly low this year on souring investor sentiment due to interest rate hikes.Corporate bon...

Naver Cloud seeks win-win strategy with K-startups in overseas market

Naver Cloud seeks win-win strategy with K-startups in overseas market

NEW YORK – The chief executive officer of Naver Cloud Park Won-ki said that if South Korean startups using the company’s cloud services ...

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...

Kakao to challenge Naver, Apple for offline payment services

Kakao to challenge Naver, Apple for offline payment services

South Korea’s largest mobile payment app KakaoPay has bought a stake in the country’s No. 1 electronic payment system provider, accordin...

Internet lender K Bank gets green light for IPO

Internet lender K Bank gets green light for IPO

South Korea’s first internet-only lender K Bank on Tuesday received preliminary approval from the Korea Exchange to go public on the country&r...

Naver targets global edtech sector with Whale browser

Naver targets global edtech sector with Whale browser

Naver Corp., South Korea’s online platform giant, is taking on global heavyweights in its aim to lead the international edtech sector, by prov...

EV materials maker EcoPro tops the buy list of Korean stocks

EV materials maker EcoPro tops the buy list of Korean stocks

Shares in EcoPro BM Co., a cathode material maker used in electric vehicle batteries, topped the list of South Korean stocks, for which an increased...

Nexon late founder’s family inherits all his shares

Nexon late founder’s family inherits all his shares

The wife and two daughters of Nexon’s late founder Kim Jung-ju have inherited all his shares in the game developer’s holding company NXC...

Rising utility bills add to Korea’s inflationary pressure

Rising utility bills add to Korea’s inflationary pressure

South Korea may raise utility bills after scheduled hikes in the coming months, adding to inflationary pressure in Asia’s fourth-largest econo...

Lotte Card draws bid from Hana as key candidates back off

Lotte Card draws bid from Hana as key candidates back off

South Korea's Lotte Card Co. has drawn preliminary bids from Hana Financial Group, a leading banking group in the country, and two to three unidenti...

South Korea’s tech giants bolster short-form video content services

South Korea’s tech giants bolster short-form video content services

South Korea’s tech behemoth Naver Corp. is poised to strengthen its short-form content service on surging demand for video content that is les...

Private equity firms buys shipbuilder Daehan for $150 mn

Private equity firms buys shipbuilder Daehan for $150 mn

A South Korean private equity consortium has acquired Daehan Shipbuilding Co., a small-size oil tanker manufacturer, for around 200 billion won ($15...

Seoul ordered to fork over $230 mn to Lone Star over KEB deal

Seoul ordered to fork over $230 mn to Lone Star over KEB deal

An international tribunal delivered a ruling in favor of Lone Star on Wednesday over a dispute with South Korea relating to its 3.9 trillion won ($3...

Naver Webtoon to pursue profitability with more paying subscribers

Naver Webtoon to pursue profitability with more paying subscribers

South Korea’s Naver Webtoon Corp. is seeking to increase the number of its paying subscribers as the company is shifting its business paradigm...

Hyundai Glovis charts new waters with world’s first AI-driven self-sailing car carrier fleet Korea’s game studios rebrand as AI tech firms, move into fashion, robotics, media Return of the K-pop queens: Blackpink, Twice power up YG, JYP Samsung to launch AI health coach beta in US by end-2025 South Korea moves to mandate treasury share cancellation