CEO of MBK Partners-owned Korean retailer to resign

Lim Il-soon, chief executive of South Korean retailer HomePlus, is stepping down after leading the MBK Partners-owned discount store chain for about...

Korean Air wins shareholders' approval for Asiana deal

Korean Air Lines Co. will proceed with its planned $1.6 billion acquisition of Asiana Airlines Inc. after winning approval from a majority of its sh...

Japan’s JSR reaches out to Lotte, LG for sale of synthetic rubber business

Japan’s JSR Corp. is reaching out to Korean chemical companies to dispose of its synthetic rubber business and focus instead on semiconductor ...

NPS to veto Korean Air's acquisition of Asiana Airlines

The National Pension Service, the No. 2 shareholder of Korean Air Lines Co., will vote against the flag carrier’s plan to acquire Asiana Airli...

Korean shipbuilders kick off 2021 with $1 bn container ship, LNG carrier orders

South Korea’s two major shipyards have started off 2021 with decent orders, brightening the outlook for the country to retain its leadership i...

S.Korean game industry boasts strong growth; set to exceed $16 bn

South Korea’s game market size is projected to exceed 18 trillion won ($16.6 billion) this year, driven by game enthusiasts who have remained ...

Korean companies sit on record dry powder, may open M&A floodgates

South Korea’s major companies are sitting on a record amount of cash reserves, setting the foundation for the merger and acquisition (M&A)...

S.Korean unicorn companies line up for IPOs

Huge sums of money have been flowing into growth sectors globally, prompting South Korean unicorn companies, or non-listed companies with an enterpr...

Korea’s retail investors go West, eye golden ticket for big money

For South Korean stock investors, 2020 may go down in history as the year of The Great Quest for big money, and at the end of their journey they fou...

Korean firms' Q4 earnings seen to jump, led by exporters

Exporters, including Samsung Electronics Co., LG Chem Ltd. and Samsung SDI Co., are estimated to have led a sharp increase in listed South Korean ...

Bibigo mandu sets milestone in Korean food industry

South Korea's food and beverage giant CJ CheilJedang Corp. has become the first domestic food company to have a single item pull in over 1 trill...

Hana Fin buys Korean waste treatment firm with Asian PEFs

Hana Financial Investment Co. has acquired a small South Korean industrial waste treatment company in a consortium with two private equity firms, in...

Korean shipbuilders sailing toward order target; shares on uptick

Shares of South Korea’s shipbuilders have been neglected in the market, lagging growth and value stocks, as orders for new ships almost stalle...

Kakao Games injects $173mn into S.Korean game company

Kakao Games Corp. has injected around 190 billion won ($173 million) into South Korean game company Neptune Corp., pouring in nearly half the proc...

Hahn & Co finances $700 mn Korean Air deal with about $400 mn debt

Hahn & Co., a South Korean private equity firm, has completed the payment for the 790 billion won ($722 million) purchase of Korean Air Lines' i...

Korean beauty chain draws Goldman, five domestic final bidders

Goldman Sachs Principal Investment Area (PIA) and five South Korean companies, including four private equity firms, have made final bids for a min...

Ontario Teachers invests in Korean fried chicken brand valued at $1.7 bn

The Ontario Teachers' Pension Plan (OTPP) has agreed to invest 300 billion won ($275 million) in South Korea’s leading fried chicken brand B...

Korea’s venture capital firms poised to grow, no bubble seen in market

Growth in South Korea’s venture capital investments has been slow relative to the pace of the country’s economic growth, creating an opp...

Three Korean consortiums in final bid for Hanjin Heavy

South Korea’s Hanjin Heavy Industries & Construction Co. has drawn three final bidding groups comprised of domestic companies and private ...

Korean Teachers’ Credit poised for best return since 2010

The Korean Teachers’ Credit Union (KTCU) is on course to post its strongest investment return in a decade of around 9%, driven by double-digit...

Korean investors buy Dutch logistics center using drones and smartphones

South Korea’s Kiwoom Securities Co. has acquired a new logistics center in the Netherlands for 180 billion won ($165 million) this year, relyi...

South Korean police look into fatal crash of Tesla Model X

South Korean police are looking into a fatal crash of a Tesla Inc. electric vehicle after its driver told them it went out of control after sudden a...

KEXIM to finance Korean firms' Mozambique LNG plant project

The Export-Import Bank of Korea (KEXIM) will provide $500 million in project financing to South Korean companies for their $550 million construction...

Korean biotech firm produces krill oil with top phospholipid content

South Korea’s biotechnology firm Biocorp Co. has produced krill oil containing 61% phospholipids, the highest level in the world, and has begu...

KDB backs $100 mn SE Asia fund of Korean, Chinese VC firms

South Korean venture capital firm SV Investment Corp, together with China’s Shenzhen Capital Group, will raise $100 million in the Korean VC's...

S.Korean airlines turn to non-landing flights to tide over slump

South Korean airlines have set their sights on non-landing air travel services to draw in passengers in times of hardship, hoping to tide over the b...

Carlyle in final-stage talks to buy Korea’s No. 2 bakery chain

The Carlyle Group is in final stages of talks to buy South Korea’s No. 2 bakery chain Tous Les Jours from the country’s food and enterta...

Shinhan, Hana fund KKR’s $5.6 bn UK deal with $63 mn in loans

Two leading South Korean banks – Shinhan and Hana – have provided a combined 47 million pounds ($63 million) in senior loans to finance ...

S.Korean games, entertainment eye China return after 3-year ban

South Korea's game and entertainment companies saw their share prices surge on rising expectations of a return to the Chinese market after a Korea...

KRW strengthens to 2.5-year high as Korean stocks rally

The South Korean won has strengthened to its highest level in two and a half years amid local stocks’ three-day bull run to a record high on h...