Why Google is getting heat from game companies on recent commission cuts

Why Google is getting heat from game companies on recent commission cuts

Global IT giant Google is facing strong backlash from South Korean game companies angry with having to pay a 30% commission on in-app purchases whil...

Shinsegae now Korea’s No.2 e-commerce player with eBay Korea buyout

Shinsegae now Korea’s No.2 e-commerce player with eBay Korea buyout

Shinsegae Group pushed through to be the sole winner in the prolonged race to acquire control of eBay Korea, making it a close runner-up in South Ko...

Synopsys buys S.Korean fab data tech company

Synopsys buys S.Korean fab data tech company

Synopsys Inc., a US software developer, has signed an agreement to acquire full ownership of BISTel, South Korea's top-ranked smart manufacturing so...

Toss en route to being Korea’s first fintech decacorn; valuation tops $7 bn

Toss en route to being Korea’s first fintech decacorn; valuation tops $7 bn

South Korea-based mobile financial platform Toss is en route to becoming the country's first fintech decacorn, or a company valued at over $10 billi...

Kolon expands hydrocarbon resins production, becomes global No.2 maker

Kolon expands hydrocarbon resins production, becomes global No.2 maker

South Korea’s chemicals and industrial materials maker Kolon Industries Inc. have added another 15,000 tons of annual capacity in its hydrocar...

SK Group mulls investing $100 mn in Vietnam's Pharmacity

SK Group mulls investing $100 mn in Vietnam's Pharmacity

SK Group is in the final stages of negotiations to invest $100 million in Vietnam's largest pharmacy chain, Pharmacity, as part of the South Korean ...

Korea’s coal power companies squeezed for financing amid ESG fever

Korea’s coal power companies squeezed for financing amid ESG fever

South Korea’s coal power companies are facing tighter scrutiny for debt financing as they are increasingly shunned by financial investors amid...

GS Caltex marks Korea’s first company to buy carbon-neutral crude oil

GS Caltex marks Korea’s first company to buy carbon-neutral crude oil

GS Group has become South Korea’s first business group to purchase carbon-neutral crude oil, in a move to strengthen its ESG efforts.South Kor...

CureVac may pick Korea as Asian base for COVID vaccine production

CureVac may pick Korea as Asian base for COVID vaccine production

German biopharmaceutical company CureVac N.V. may choose South Korea as one of its global production bases for the COVID-19 vaccine following Korean...

Kakao becomes 3rd most valuable company in Korea

Kakao becomes 3rd most valuable company in Korea

Kakao Corp. is now the third most valuable company in Korea, after Samsung Electronics Co. and SK Hynix Inc.Kakao’s market cap on June 15 surp...

Hyundai Oilbank revives IPO push, expands blue hydrogen business

Hyundai Oilbank revives IPO push, expands blue hydrogen business

South Korean refiner Hyundai Oilbank Co. is seeking to list its shares on the local bourse next year, according to its parent Hyundai Heavy Industri...

SBW emerges as sole bidder for Eastar Jet acquisition

SBW emerges as sole bidder for Eastar Jet acquisition

Korea’s fashion company Ssangbangwool Inc. (SBW) was the only participant in the Eastar Jet Co. sellout bidding held at the Seoul Bankruptcy C...

Tennessee mayors oppose ITC’s anti-dumping duties on Hankook Tire

 Tennessee mayors oppose ITC’s anti-dumping duties on Hankook Tire

Politicians in the US state of Tennessee are urging the International Trade Commission (ITC) to avoid hurting the operations of Hankook Tire & T...

LG unveils fresh-faced logo designs to firm up brand storytelling

LG unveils fresh-faced logo designs to firm up brand storytelling

South Korea-based electronics giant LG has revealed new designs of its logo, "Face of the Future," in a move to upgrade its brand storytelling. On J...

Delivery service provider Barogo wraps up $72 mn Series C round

Delivery service provider Barogo wraps up $72 mn Series C round

Logistics IT platform service Barogo has successfully wrapped up an 80 billion won ($72 million) Series C round, far above the company's initial tar...

AI edtech startup Buzzvil readies for 2022 listing; hires IPO manager

AI edtech startup Buzzvil readies for 2022 listing; hires IPO manager

South Korea-based artificial intelligence startup Buzzvil is preparing to make a trading debut on the country’s junior bourse Kosdaq in the th...

Record-setting IPO boom may spell scanty profits

Record-setting IPO boom may spell scanty profits

South Korean stock markets are on course to set a new record in the IPO volume with new issues estimated to exceed 30 trillion won ($27 billion) for...

Misandry controversy rattles Korean retailers; CEO of No.1 fashion app steps down

Misandry controversy rattles Korean retailers; CEO of No.1 fashion app steps down

Gender-discrimination controversies are rattling South Korean retailers, with two companies recently accused of misandry in publicity campaigns. In...

Kakao just behind rival Naver in market cap, may overtake soon

Kakao just behind rival Naver in market cap, may overtake soon

South Korean mobile platform giant Kakao Corp.’s enterprise value is rising backed by its strong business performance, threatening to overtake...

Korea’s OCI to return to highest profit in decade on rising polysilicon prices

Korea’s OCI to return to highest profit in decade on rising polysilicon prices

OCI Co., a South Korean chemical and green energy company, has been in the red for years, weighed by weak prices of its mainstay product polysilicon...

Hahn & Co. acquires controlling stake in Namyang Dairy Products

Hahn & Co. acquires controlling stake in Namyang Dairy Products

South Korea’s private equity (PE) firm Hahn & Co. has acquired a controlling 53% stake in Namyang Dairy Products, acquiring all shares own...

HYBE’s $400 mn rights offering for Ithaca merger to open June 1-2

HYBE’s $400 mn rights offering for Ithaca merger to open June 1-2

HYBE Co., the music and entertainment agency behind BTS, on Jun 1-2 will open the subscription for its rights issue shares worth 445.5 billion won (...

Hanwha Aerospace in $320 mn deal to supply aircraft engine parts to GE

Hanwha Aerospace in $320 mn deal to supply aircraft engine parts to GE

Hanwha Aerospace Co., a unit of South Korean conglomerate Hanwha Group, has won a $320 million deal to supply aircraft engine parts to General Elect...

KT stock value likely to double by 2022, analysts say

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, ...

Korean oil companies to bask in rising refining margins, growing demand

Korean oil companies to bask in rising refining margins, growing demand

Oil refiners in South Korea and across Asia have been among those hit hardest by the subdued demand amid the global pandemic. With increasing vaccin...

Wonbang Tech: S.Korea’s leading chip clean room company

Wonbang Tech: S.Korea’s leading chip clean room company

The dew point is the temperature at which the air becomes saturated with water vapor. When cooled further below the point, the airborne water vapor ...

IMM PE exits S.Korea's No.2 electric wire manufacturer

IMM PE exits S.Korea's No.2 electric wire manufacturer

Seoul-based IMM Private Equity has fully exited its 300 billion won ($265 million) investment in the country's No. 2 electric wire manufacturer by s...

Hanwha seeks to acquire Overair; invest in satellite, drone companies

Hanwha seeks to acquire Overair; invest in satellite, drone companies

Hanwha Systems Co., the defense and information technology service unit of Hanwha Group, is seeking to purchase the entire stake of US air taxi star...

S.Korean banks' household, company loans near $1.8 trn

S.Korean banks' household, company loans near $1.8 trn

South Korean households and companies have taken out fresh loans worth 208 trillion won ($189 billion) from banks last year, pushing the outstanding...

Korea requires major companies to disclose ESG activities from 2025

Korea requires major companies to disclose ESG activities from 2025

Big companies listed on South Korea’s major stock market will be required to disclose their business activities related to environmental, soci...

Roborock’s privacy policy fuels data leak fears over Chinese goods Sale of $1.5 bn Pangyo Tech 1, overseen by Mirae Asset, draws strong bids from global PEFs Kia to make, sell China-launched EV5 in Korea to keep top spot Samsung Asset leads H1 AUM rankings amid ETF boom Yonsei University: Unlikely yet adroit dealmaker in S.Korea’s M&A market