SK Bioscience IPO draws record-high demand from retail investors

South Korean vaccine maker SK Bioscience Co. has set a new record for initial public offering demand, raising around 63.6 trillion won ($56 billio...

Hyosung TNC’s Love Seoul made of recycled PET bottles

Hyosung TNC Corp., a South Korean textile and yarn maker, has unveiled garments made of eco-friendly polyester yarn extracted from recycled PET bott...

Hyundai Motor's IONIQ 5 pulls in record pre-orders

Hyundai Motor Co.'s latest all-electric vehicle is making headlines in Europe, with over 10,000 users signing up for the 3,000 units of the limited ...

Blackstone to open Seoul office for improved communication

The Blackstone Group is working to set up a Seoul office, seven years after the US investment firm closed it down, in response to growing calls from...

Kakao to split stock 5-for-1 after share price hits record high

Kakao Corp. will split its stock on a five-for-one basis in April, which the South Korean mobile messaging app giant said would make the stock more ...

Korean stock markets set for record-high IPOs in 2021

Initial public offerings in South Korea are expected to top 20 trillion won ($18 billion) in value this year, the largest amount for a single year i...

LG Electronics' 2020 sales, operating profit hit all-time highs

South Korea’s LG Electronics Inc. on Friday posted record 2020 operating profit and revenue, boosted by robust sales in its home appliance div...

SK Innovation’s Q4 EV battery business revenue hits record high

South Korea’s SK Innovation Co. on Friday posted record sales revenue in its electric-vehicle battery business in the fourth quarter of 2020 a...

Samsung to pay record dividends, more through 2023; Q4 profit jumps

Samsung Electronics Co. has announced that it will pay record-high dividends to its shareholders this year and raise dividends further in coming yea...

Kia delivers Q4 earnings surprise; operating profit hits all-time high

Kia Corp., South Korea’s second-largest automaker, on Wednesday posted a record quarterly operating profit on the back of strong sales of high...

Seoul office building transactions at record high in 2020

Brisk investment demand drove office building prices higher in Seoul and its southern neighboring area last year, with their combined transactio...

Seoul to lower bar for M&As; easing rules over PEF deals

South Korea’s Fair Trade Commission (FTC) is lowering the bar for mergers and acquisitions by including potential rivals, which have yet to en...

Keppel looking to exit two Seoul office towers for over $200 mn

Singapore-based Keppel Investment Management is preparing to sell two office buildings in Seoul, less than two years after it acquired them for arou...

Seoul to offer $3 bn credit insurance on Saudi's megaprojects

Korea Trade Insurance Corp. (K-Sure) has agreed to provide $3 billion in trade credit insurance to Saudi Arabia to help South Korean companies win o...

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)...

Kakao, NCSoft likely to lead record-breaking earnings in 2021

South Korea’s mobile platform giant Kakao Corp. and game developer NCSoft Corp. are looking to post their best-ever earnings for a second stra...

Korea’s liquidity-driven IPO market sets slew of fresh records in 2020

As the stock markets around the globe took a wild ride amid the pandemic in 2020, ample liquidity led to plenty of fresh records in the initial publ...

Seoul stock markets brimming with startup IPOs in Jan

Singapore-based biosimilar maker Prestige BioPharma and nine startups are set to make initial public offerings in Seoul to raise at least 640 billio...

Samsung heirs may face record-high $10 bn inheritance tax bill

The Samsung Group heirs, including Samsung Electronics Co.'s de facto leader Jay Y. Lee, may be looking at a record-high $9.9 billion inheritance ...

Autonomous driving startup 42dot plans Level 4 self-driving in Seoul

42dot, a South Korea-based autonomous driving startup, plans to launch a Level 4 self-driving service in some areas of Seoul next year.The company s...

Sunset paints crimson sky over Seoul

Bravehearted visitors enjoy a scenic sunset view from Lotte World Tower's Sky Bridge, an 11-meter bridge connecting the two steel peaks of t...

Seoul shares tipped to benefit from global indices' China exclusions

Global index providers' recent decisions to remove Chinese companies from their benchmarks are expected to draw additional global and institutional ...

Seoul court clears way for Korean Air’s $1.6 bn Asiana deal

Korean Air Lines Co. will push ahead with its planned $1.6 billion acquisition of debt-laden Asiana Airlines Inc., the company said, after a Seoul d...

Saudi crown prince to be top shareholder of Seoul-listed gaming firm

The Crown Prince of Saudi Arabia Mohammed bin Salman has agreed to buy 240 billion won ($217 million) worth of shares in the South Korea-listed game...

Samsung Electronics hits record-high global TV market share in Q3

Samsung Electronics Co.’s global TV market share rose to record levels in the third quarter in value terms, boosted by large-size organic ligh...

Seoul shares break through 2,600 to hit record close

Economically sensitive stocks such as chips, steel and shipbuilding pushed the South Korean stock market to its strongest close on Nov. 23, with gro...

S. Korea's foreign currency deposits hit record high on weaker dollar

Foreign currency deposits in South Korea have swelled to a record high in November on the back of a weaker dollar, boosting local banks' holdings to $...

S. Korean stock market posts record-high market cap; SK biopharm added to MSCI

South Korea's benchmark Kospi reached a two-year high closing at 2485.87 points on Nov. 11, posting an eight-session winning streak driven by imminent...

S. Korea's fiscal deficit tops $90 bn; public debt hits record high

South Korea's fiscal deficit in September has pushed the annual shortfall to over 100 trillion won ($89.6 billion) with public debt reaching an all-ti...

Celltrion’s Q3 earnings beat market consensus to hit record high

South Korean biosimilar maker Celltrion Inc's operating profit topped market expectations by more than 20% in the third quarter, hitting a record high...