SM Entertainment founder’s final audition: New owner

“It was not like an M&A negotiation but rather an audition by Lee Soo-man,” said a source at a company that is looking to buy a stak...

NPS posts near 10% IRR as of end-Aug, riding exit market boom

The National Pension Service (NPS) has achieved an average 9.65% return on investments as of the end of August, driven by overseas equity divestment...

LG overtakes Whirlpool as top home appliance maker after strong Q3

LG Electronics Inc. has overtaken bigger home appliance rival Whirlpool Corp. after posting record quarterly sales, comfortably putting it on course...

NPS makes new commitments worth $17 bn in private sector every year

South Korea's National Pension Service (NPS) plans to keep increasing private equity investment for mid- to-long term asset allocation, Choe Hyung D...

KTCU seeks new GPs skilled in raising corporate value

Korean Teachers’ Credit Union (KTCU) will seek out general partners (GPs) that have expertise in corporate workouts, add-on investments and a ...

Zero-carbon, self-driving still in distant future for top Kospi stocks

Shares in Samsung Engineering Co., a leading South Korean plant builder, have skyrocketed about 90% year to date, far outstripping the average rise ...

SK Hynix unveils industry’s highest-performing DRAM chip

SK Hynix Inc., the world’s second-largest memory chipmaker, has unveiled the industry’s highest-performing DRAM with a data speed capabl...

Coldplay’s 'Music of the Spheres’ review: An over-the-top cosmic lovefest

Coldplay is deep enough into its career that each new album comes packaged with a story. It’s no longer sufficient to issue a new collection o...

Korea’s Simone to spend up to 40% of net profit for dividends

South Korean Simone Acc. Collection Ltd., the world’s No. 1 handbag maker, plans to spend 30-40% of net profit for dividends after a listing n...

Hyundai Motor wins triple crown of world rally championships

South Korea’s Hyundai Motor Co. has won the triple crown of the world’s three motorsport events – the FIA World Rally Championship...

LG Electronics brings gardening indoors with plant cultivator Tiiun

LG Electronics Inc. is bringing gardening indoors by unveiling a plant growing appliance, which allows consumers to grow flowers, vegetables and her...

Yanolja likely to buy $250 mn stake in Interpark spin-off

South Korea's top travel and accommodation platform Yanolja Inc., backed by SoftBank, was on Thursday named as the preferred buyer of a majority sta...

Korean shipbuilders turn focus to high-value vessels

South Korean shipbuilders, brimming with heavy order backlogs, are turning their focus to high-value and eco-friendly vessels for new orders as the ...

Ssangyong Motor struggles to find new owner

Ssangyong Motor Co., the troubled South Korean sport utility vehicle manufacturer, is struggling to find a new owner amid doubts as to whether the e...

Joe Bae to co-lead KKR as 2nd Korean-descendent CEO of a PE giant

Joseph Bae, co-president of KKR & Co., was named as its co-chief executive officer this week, becoming the second Korean descendent CEO to lead ...

KKR named as preferred buyer of SK E&S' $2 bn new shares

KKR & Co. has secured the exclusive negotiating rights to buy SK E&S Co.'s new preferred shares worth 2.4 trillion won ($2 billion), which t...

LG Chem to build technical support centers in EU, US

LG Chem Ltd. will expand global clients’ accessibility to its technical support professionals. The chemical company said on Oct. 11 that it wi...

Japan's Murata redefines customers in game-changing era

KYOTO, Japan - Murata Manufacturing Co., the world's No. 1 producer of multilayer ceramic capacitors (MLCCs) and other electronic components, will e...

Hyundai Heavy to rebuild talent pool for tech-driven biz restructuring

Hyundai Heavy Industries Group will deploy more than half of its new hires of R&D in future growth areas such as hydrogen, self-driving vessels,...

Digital transformation, a matter of life and death: Autodesk CEO

SILICON VALLEY – One of the things that have drastically changed the business environment in the pandemic era is the prevalence of companies t...

New Mercedes-Benz C-Class equipped with LG ADAS camera

The new Mercedes-Benz C-Class is equipped with LG Electronics Inc.’s advanced driving assistance system (ADAS) camera module, helping the Sout...

Chip shortage slams Korean carmakers’ new car rollouts

The unprecedented global chip shortage is thwarting automakers’ plans to roll out new vehicles, with some popular models set to be delivered t...

Korea's first-generation platforms collapse, ringing in new e-commerce era

South Korea's first-generation e-commerce platforms, which have been around since the 1990s, are rushing to sell off their businesses as their valua...

Hyundai Glovis launches ECOH brand for hydrogen, battery businesses

Hyundai Glovis Co., a logistics unit of Hyundai Motor Group, said on Monday it is launching a new brand to beef up its eco-friendly business, includ...

SK Innovation officially launches battery, E&P split-offs

South Korea’s SK Innovation Co. on Friday officially launched its battery and petroleum exploration and production businesses as separate enti...

With Hyundai’s Genesis GV60, your face is the key to unlock the door

If you own Hyundai Motor Co.'s latest premium electric crossover, the GV60, set for roll-out next month, you can just touch the handle and show your...

Hyundai Motor’s shares fall to 9-month low; new mobility key to rebound

Shares of South Korea’s top automaker Hyundai Motor Co. have fallen to their lowest level in nine months, bucking the trend of its global peer...

Korean MZers become world's biggest spenders on mobile games

South Korean millennials and Gen Zers have become the world's biggest spenders on mobile games with the MZers accounting for over 90% of domestic mo...

Digital stationery marketplace Webudding charms MZers

Stationery products such as planners, calendars and notepads have long been essential everyday items for busy people. And the stationery market has ...

Meritz Alternative to invest in Washington DC building

South Korea’s Meritz Alternative Investment Management Co. is set to invest in an office building in Washington DC.Meritz formed a 200 billion...