With waning MZ interest, is heyday over for S.Korea’s golf apparel market?

South Korea’s once-dominant golf apparel market, the largest in the world at its peak, is rapidly losing steam, as sales tumble and brands scr...

Centroid to divest control of TaylorMade as exit strategy, drops IPO plan

Centroid Investment Partners, a South Korean private equity firm, has confirmed plans to divest its controlling stake in US sports equipment manufac...

JPMorgan, Jefferies picked to manage TaylorMade Golf sale

Centroid Investment Partners, a Seoul-based private equity firm, has selected JPMorgan and Jefferies as lead managers for the sale of TaylorMade Gol...

Korean indie fashion brands spread wings to Japan, China

Matin Kim, a rising designer brand in South Korea, will open its first offline store in Japan in the first half of next year, joining other Korean i...

Japan golf courses, Korean investors’ new target assets

South Korean investors are eyeing Japan’s golf resorts to buy amid the weak yen, rising demand for golf courses in Japan, and relatively low p...

Korea's golf apparel market shrinks as golf boom fizzles

The heyday of South Korea’s golf apparel market seems to be over with the end of the COVID-19 pandemic. Millennials and Generation Z, who had ...

Golf equipment maker Taylormade to refinance $222 mn of debt

One of the South Korean owners of Taylormade Golf Co., a leading global golf equipment maker, is set to refinance its 300 billion won ($221.7 millio...

LG Elec to supply robot CLOi to SE Asian golf courses

South Korea’s LG Electronics Inc. announced on Friday that it signed a contract with the domestic golf service platform Smartscore to supply i...

Kolon set to host Aramco Team Series golf event in Korea

South Korea’s Kolon Group said on Thursday it has signed a non-binding agreement with Golf Saudi, a unit of Saudi Golf Federation, to jointly ...

Samsung releases Galaxy Watch6 Classic PXG edition

Samsung Electronics Co. announced on Thursday that it will begin limited-time offers of the "Galaxy Watch6 Classic PXG edition," in collaboration wi...

S.Korea's golf industry market exceeds $15 bn in value: report

The value of South Korea's golf industry market last year exceeded 20 trillion won ($15 billion).A report by the Daejeon-based Yuwon Golf Foundation...

LG Electronics’ projectors sweep world’s No. 3 golf market

Screen golf centers have become another gold mine for LG Electronics Inc. thanks to Koreans’ unwavering golf enthusiasm, which has made the wo...

Korean golf club, apparel markets face decline in post-pandemic era

South Korea’s golf equipment and apparel markets enjoyed a boom during COVID-19. But they are facing a downturn this year amid the growing pop...

MBK Partners puts Korea’s largest golf course operator on market

North Asia-focused private equity firm MBK Partners has put Golfzon County Co., the biggest golf course operator in South Korea, on sale at an estim...

Designer of 2018 Winter Olympic cauldron returns with solo golf cart

Personal space has become more important since the COVID-19 pandemic swept the world, and one South Korean-led industrial design company has develop...

KT launches two new AI serving robots

South Korea's KT Corp., said on Tuesday that it has unveiled two new AI service robots with upgraded features for enhanced driving stability and w...

SK Telecom, Golfzon develop AI golf platform

An artificial intelligence platform in South Korea has produced a golfing coach that analyzes and diagnoses problems in swing posture and recommends...

WRC-approved longest-distance golf ball ATTOMAX on sale in Korea

ATTOMAX golf balls approved by the World Record Committee (WRC) as the longest-flying golf balls in the world finally hit the South Korean market on...

LG Elec targets indoor golf market with its ProBeam projector

LG Electronics Inc. is targeting the overseas indoor golf market with its premium commercial projector LG ProBeam.The company said on Thursday that ...

Golfzon takes part in PGA Merchandise Show in Florida

South Korea's indoor golf simulator maker Golfzon Co. said Wednesday that it would participate in the 2023 PGA Merchandise Show to be held in Orland...

Golfzon to showcase portable golf simulator at CES 2023

Golfzon Co., a global indoor golf equipment maker, will participate in CES 2023 in Las Vegas to showcase its "Wave Play" product line, which targets...

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 ...

MZers drive Korea's indoor golf facility pandemic boom

Indoor golf facilities’ revenue in South Korea has skyrocketed amid the pandemic, thanks to millennials and Generation Zers' soaring consumpti...

LG AI center joins forces with Parsons School for creative AI development 

South Korea’s LG Corp. announced it signed an academic collaboration agreement with the New York City-based Parsons School of Design on Monday...

Golf apparel goes trendy and upmarket in Korea on rise of young golfers

As the popularity of golf grows in South Korea, particularly among young people, golf clothes are becoming increasingly more expensive and fashionab...

Golf simulation centers' revenue soars 48% on-year

Even amid the COVID-19 pandemic, sectors serving golf enthusiasts have thrived in South Korea.Financial services company BC Card analyzed the sales ...

Voice Caddie, Daol PE acquire US golf grip brand SuperStroke

Voice Caddie, a South Korean maker of golf course rangefinders and related golf products, and Daol Private Equity are jointly acquiring SuperStroke,...

Korean golf course price likely to set new record per hole

The price of a public golf course in South Korea has surged 35% in one and a half years to set the highest per-hole selling price for a Korean golf ...

SUV, minivan sales reach 52% of car market in Q1

Sales of leisure vehicles in South Korea, primarily sport utility vehicles (SUVs) and minivans, exceeded half of domestic finished car sales in the ...

Korean PE firm in exclusive talks to buy golf grip brand SuperStroke

South Korea's Daol Private Equity, formerly known as KTB Private Equity, is in exclusive talks to buy the entirety of SuperStroke, a US golf grips m...