Hyundai Motor Group launchs 1st EV-only production lines in Europe
Kia Corp. on Aug 20 launched production of the compact electric sedan EV4 at its plant in Žilina, Slovakia. The EV4 represents Kia's first Europe-bu...
BTS’ FAKE LOVE tops 1 billion streams on Spotify; Jungkook’s 3D joins the club
BTS’ FAKE LOVE has surpassed 1 billion streams on Spotify, becoming the group’s fifth track to hit the milestone on the world’s la...
SK seeks to divest overseas units acquired from Dow Chemical, Arkema
SK Geo Centric Co. is approaching foreign petrochemical companies to sell the overseas units it acquired from Dow Chemical and France’s Arkema...
Over 10,000 Koreans hold more than 1 billion won in crypto assets
More than 10,000 South Koreans each hold cryptocurrencies worth over 1 billion won ($740,000), with their combined assets totaling 24 trillion won (...
Korea passes controversial ‘Yellow Envelope Act,’ inviting backlash from employers, foreign firms
South Korea’s Parliament has approved sweeping labor reforms known as the “Yellow Envelope Act,” prompting a fierce backlash ...
Bill Gates strengthens ties with Samsung, SK, HD Hyundai on energy, biotech, philanthropy projects
Bill Gates, the Microsoft co-founder-turned-philanthropist, has stepped up his engagement with South Korea’s corporate titans, meeting the hea...
BTS concert films to screen in 2,000 theaters worldwide
BTS is bringing some of their most unforgettable concerts to the big screen, offering fans around the world a chance to relive the excitement of the...
S.Korea’s petrochemical firms to cut capacity on state call for rigorous restructuring
South Korea’s 10 largest petrochemical companies have agreed to restructure their operations, including up to 25% cuts to their naphtha-cracki...
Bill Gates to court Korea’s business titans in Seoul for philanthropy push
Bill Gates, billionaire philanthropist and Microsoft co-founder, is heading to Seoul this week to deepen partnerships with South Korea’s corpo...
SK Ecoplant set to sell waste and water treatment units to KKR in $1.2 billion deal
SK Group is set to offload the waste management and water treatment arms of its construction affiliate, SK Ecoplant Co., to US private equity firm K...
Hahn & Co. taps TKG Taekwang as preferred bidder for Solmics
Hahn & Co., South Korea’s leading private equity firm, has named TKG Taekwang Co., a domestic footwear manufacturer, as the preferred buye...
Hyundai overtakes Volkswagen as world’s 2nd most profitable carmaker
Hyundai Motor Group overtook Volkswagen Group as the world’s second most profitable carmaker in the first half, indicating the leading South K...
Sale of Boryeong LNG Terminal attracts IMM, Macquarie, 8 other PEF bidders
SK Innovation Co.’s sale of its 50% stake in Boryeong LNG Terminal has drawn strong interest from domestic and international private equity fu...
Trump’s chip tariff threat stirs jitters; impact on Samsung, SK Hynix limited given MFN status
NEW YORK – A revived threat from US President Donald Trump to impose a 100% tariff on imported semiconductors has reignited concerns in South ...
S.Korea to grant visa-free entry to Chinese tourist groups from September
South Korea will temporarily allow visa-free entry for tourist groups from China starting Sept. 29 through June 2026, the government said on Wednesd...
SK divests of Vingroup stake for $1 bn in restructuring move
SK Group has cashed out its entire 6.05% stake in Vingroup, Vietnam’s largest conglomerate, for more than 1.3 trillion won ($935.5 million), c...
Woori Investment's IPO market entry set to intensify SME underwriting rivalry
Woori Investment & Securities Co. has launched an initial public offering-dedicated unit within its corporate finance division in its foray into...
Naver, LG, SK, NC, Upstage named to build S.Korea’s sovereign AI model to challenge ChatGPT
South Korea has chosen five technology firms, including LG, Naver and SK Telecom Co., to spearhead the country’s flagship sovereign AI initi...
Keistone Partners acquires e-commerce logistics firm GoodsFlow from SK Energy
Keistone Partners has acquired GoodsFlow Co., an e-commerce logistics service provider, from oil refiner SK Energy Co. in a deal valued at around 50...
KKR in exclusive talks to buy SK Ecoplant’s waste unit for $1.1 bn
Global private equity giant KKR & Co. Inc. is in advanced talks to acquire the waste management arm of SK Ecoplant Co., a South Korean construct...
SK Innovation to merge SK On with SK Enmove to boost financial health
SK Innovation Co., an intermediary holding company of South Korea's No. 2 business group, said on Wednesday it will merge SK On Co. with SK Enmove C...
SK Innovation to Merge SK On and SK Enmove to Strengthen Battery Unit
SK Innovation is betting big on an internal reshuffle to turn things around for its struggling battery business.The South Korean energy and chemicals ...
Bundang Doosan Tower up for sale; Doosan Group holds right of first refusal
Bundang Doosan Tower, a landmark office building in the Seoul metropolitan area, is up for sale as its owner, Koramco REITs Management & Trust C...
Bain Capital set to acquire HS Hyosung Advanced Materials' tire cord business
US private investment firm Bain Capital is poised to acquire HS Hyosung Advanced Materials Corp.'s tire steel cord business in a deal estimated...
Blackpink’s Jump music video draws 100 mn YouTube views
Blackpink’s music video for their new single Jump has attracted 100 million views on YouTube in just 15 days since its release, according to i...
KB Asset poised to buy Signature Tower in Seoul for over $700 mn
KB Asset Management Co. has been named the preferred buyer of Signature Tower in what would be a landmark office property deal in South Korea this y...
SK Nexilis, LG Energy revive supply ties as US seeks China decoupling
SK Nexilis Co., the world’s largest copper foil maker, has decided to move past a years-long rift with former key client LG Energy Solution Lt...
Hyundai Mobis defies tariff headwinds with 37% jump in Q2 profit
South Korea’s top auto parts maker Hyundai Mobis Co. posted a 36.8% year-on-year rise in second-quarter operating profit, buoyed by a strategi...
SK Hynix logs record profit in Q2, sees stronger H2 ahead
SK Hynix Inc., the largest supplier of artificial intelligence chips to Nvidia Corp., reported its highest-ever quarterly results, with double-digit...
PwC Korea named to lead $360 mn sale of K Shipbuilding; preferred buyer likely by year-end
K Shipbuilding Co., once a rising star in South Korea’s shipbuilding industry under the STX Group, is returning to the auction block – t...
