UK lifestyle brand Barbour enters legal battle with 10-year partner in Korea

The recent decision by Barbour, the British lifestyle brand under J. Barbour & Sons Ltd., to transfer the rights to sell its products in South K...

Korea's travel agency stocks overvalued, analysts say

The stock prices of South Korea’s two leading travel agencies, HanaTour Service Inc. and Modetour Network Inc., have skyrocketed in 2021 with ...

Madison Capital Funding raises $460 mn from Korea

A private debt fund managed by Madison Capital Funding, a US middle-market lender, has received a combined $460 million in commitments from seven So...

Com2uS, Gamevil Chairman Song Byung-joon: Mobile game pioneer, sports enthusiast

About eight years ago on Oct. 5, 2013, Song Byung-joon, the then-chief executive of South Korean mobile game developer Gamevil Inc., visited the off...

LG Electronics expands overseas appliance plants as it exits phone business

LG Electronics Inc. is expanding its overseas production facilities as the South Korean home appliance giant is shifting gears toward new growth dri...

Chips, autos set S.Korea’s May export growth at fastest pace in 32 years

South Korea’s exports surged to the highest level in over 32 years in May on the back of strong demand for semiconductors and automobiles, rei...

CJ ENM to spend $4.5 bn to become Asia's Marvel Studios

South Korean media company CJ ENM Co. on Monday announced a plan to spend 5 trillion won ($4.5 billion) to produce original content over the next fi...

Hyundai tops Korean institutions' May buying list

Hyundai Motor became the key beneficiary of South Korean institutional investors' heavy buying on the local bourse this month as the global chip sho...

Bank of Korea governor flags rate hike as economy improves

South Korea’s central bank governor on Thursday flagged a possible policy rate hike before the end of the year as the domestic economy recover...

Samsung Life buys 25% stake in Savills IM for $90 mn

Samsung Life Insurance Co. has agreed to buy a 25% stake in Savills Investment Management (Savills IM) for £63.75 million ($90 million) from U...

Korea Shipbuilding & Offshore wins $308 million order to build 6 vessels

Korea Shipbuilding & Offshore Engineering Co. (KSOE) has won a 348 billion won ($308 million) deal to build six vessels, bringing its total sh...

KT stock value likely to double by 2022, analysts say

South Korea’s telecom and content giant KT Corp. is receiving renewed interest this year among stock market investors and financial analysts, ...

Kakao Japan secures over $500 mn from Anchor Equity; valuation tops $7 bn

Kakao Corp.’s Japanese unit is set to secure 600 billion won ($530 million) from South Korea-based private equity firm Anchor Equity Partners....

Hyundai becomes India’s top SUV seller, wins Indian Car of the Year Award

Hyundai Motor Group’s small and compact sport utility vehicles (SUVs) are posting strong sales in fast-growing economies including India and R...

Dongkuk Steel’s Q1 operating profit hits 5-year high as economy recovers

Dongkuk Steel Mill Co., South Korea’s third-largest steelmaker, on Monday reported its largest quarterly operating profit in nearly five years...

Goldman Sachs to issue its first Arirang bond in three years

Goldman Sachs will issue its first Arirang bond since 2018, an action interpreted by financial circles as a sign of the investment bank’s rega...

Naver aims to overtake Chrome in Korea with own browser Whale in 3 years

South Korea’s top web portal operator and search engine Naver Corp. aims to overtake Google Inc.’s Chrome as the top web browser in the ...

POSCO revises up sales target after Q1 profit rises to 10-year high

South Korea’s largest steelmaker POSCO said on Monday it’s raising this year’s sales target by 17.5% after posting its highest q...

Hyosung Group’s year-to-date valuation almost doubles

Hyosung Group, founded in 1966, is a textile and chemicals conglomerate that currently stands as the 26th-largest business group in South Korea. Unt...

Foreigners return to Korean market; Kosdaq at near 21-year high

Foreign investors, the dominant players on the Korean bourse, are returning as buyers of Samsung Electronics Co. and other blue chips, keeping the m...

Stock, bond issues in S.Korea set for a record year in 2021

South Korean companies, having raised 30 trillion won ($27 billion) in both equity and bond issues in the first quarter of this year, are on course ...

South Korea's secondary battery exports reach all-time highs for 5 years in a row

Despite worsening economic conditions due to the COVID-19 crisis, South Korea’s secondary battery business saw a rise in its key indicators, inc...

POSCO CEO enters 2nd term with focus on eco-friendly markets

South Korean steelmaker POSCO Co. will put its efforts into gaining dominance in new growth markets such as eco-friendly vehicles and steel bars use...

US' ITC says 10-year import ban on SK not excessive

The US International Trade Commission (ITC) has stated that the 10-year exclusion order prohibiting SK Innovation Co. from importing battery product...

Samsung launches QLED TVs, aims to retain global leadership for 16th year

Samsung Electronics Co., the world’s largest TV maker, has launched new flashy flagship TV models, with which the tech giant aims to retain it...

Upward IPO price band revisions at all-time high this year

This year, South Korean companies preparing for trading debuts have set their offering prices on average about 27% higher than the proposed price ba...

Top travel platform Yanolja eyes Q2 IPO review, listing by year-end

South Korea’s largest travel platform Yanolja is looking to have its initial public offering plans reviewed by regulators in the second quarte...

NPS posts near 10% returns for second straight year

The National Pension Service (NPS) has reported a provisional return rate of 9.7 percent in 2020, marking the second time for the South Korean pensi...

Naver Webtoon targets US listing by year-end

Naver Webtoon Ltd. has begun preparations to make its trading debut in the US by year-end, according to the investment banking industry on Feb. 17.S...

KIC earns 60% of its cumulative gains in last two years

Korea Investment Corporation (KIC) earned a combined $42 million in gains between 2019 and 2020, representing 60% of its cumulative earnings since i...