Korean grocery delivery platform Oasis to buy e-commerce 11Street

South Korean grocery delivery platform Oasis Corp. is poised to acquire the country’s leading e-commerce operator 11Street Co. to ramp up its ...

Jollibee to acquire Korea’s Compose Coffee in $340 mn deal

Jollibee Foods Corp., the Philippines’ largest fast-food chain, is set to take over a majority stake in Compose Coffee Co., South Korea’...

BBQ's overseas subsidiary revenue surpasses $72 mn in 2023

Genesis BBQ Group announced on Wednesday that the revenue of its overseas subsidiaries last year reached 110 billion won ($79.1 million), marking a ...

Korea’s top resort operator Sono buys T'way stake for $76 mn

South Korea’s top resort operator Sono International Co. has bought a stake in T'way Air Co., a local low-cost carrier (LCC), for 105.6 billio...

NPS to cut global stocks under GP management, up its direct control

South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, is set to slash its overseas stocks under global i...

Korea's LG Uplus aims for $1.4 bn in B2B AI sales by 2028

South Korea’s leading mobile carrier LG Uplus Corp., which is set to unveil its first artificial intelligence chip by the end of this year, ai...

Korean fashion platform Ably to raise $144 mn from Alibaba, others

Ably Corp., South Korea’s top online fashion platform operator, is set to raise 200 billion won ($144 million) from foreign investors such as ...

South Korean brokerages woo super-rich to make them even richer

South Korea’s baby boomers, the demographic cohort born between 1955 and 1963, have largely built their wealth through hard work, savings and ...

Korea Eximbank to provide $150 mn PF to Australia

The Export-Import Bank of Korea (Eximbank) announced on Tuesday that it will provide $150 million in project financing (PF) for developing a rare ea...

S.Korea’s Hanwha, Doosan to develop fighter jet engines

Hanwha Aerospace Co., South Korea’s top defense manufacturer, and Doosan Enerbility Co., a major local power plant builder, are set to develop...

Samsung Electronics tops in S.Korea's after-sales service

Samsung Electronics Service, a service subsidiary of Samsung Electronics Co.,  announced on Tuesday that it topped all categories - home applia...

S.Korea’s inflation holds below 3% for 3rd straight month

South Korea’s headline inflation stayed in the 2% range for the third straight month in June after its slowest rate of increase in 11 months, ...

LG Energy signs multi-billion-dollar LFP battery deal with Renault

LG Energy Solution Ltd., the world’s second-largest battery maker, has clinched a multi-billion-dollar deal to supply LFP batteries for low-en...

Kyobo Life CEO’s ethical management earns global recognition

Kyobo Life Insurance Co.'s Chairman Shin Chang-jae is internationally recognized for setting the global standard for ethical management after two de...

UBS tops Korea’s M&A advisor list on Asiana, Affinity deals

UBS Group AG topped the South Korean mergers and acquisitions (M&A) league table in the second quarter as the global investment bank worked on m...

Korea Eximbank provides $810 mn credit to Bangladesh

The Export-Import Bank of Korea (Eximbank) announced on Sunday that it will provide a credit of $810 million for the construction of the Karnaphuli ...

Korea’s military fund taps ex-president of Woori Financial as CIO

South Korea’s Military Mutual Aid Association (MMAA), which managed 10.4 trillion won ($7.5 billion) in assets as of the end of 2023, has tapp...

South Korea sets sights on fostering EDA tech to win HBM chip war

In an escalating war in the semiconductor industry, insiders know there’s one technology critical for gaining chip supremacy: Electronic desig...

S.Korea sees foreign visitors 95% of pre-pandemic

The Korea Tourism Organization (KTO) announced on Friday that the number of foreign tourists visiting South Korea in May was 1.42 million, an increa...

Naver Whale features in Renault Korea vehicles

South Korea’s homegrown web browser Whale, developed by Naver Corp., will be installed in Renault Korea cars. Naver Cloud announced on Friday...

Duty-free stores: Golden goose gone for Korean retailers

South Korea welcomed a record-high number of post-pandemic foreign tourist arrivals for a single quarter in the first three months of this year, but...

S.Korea’s consumer goods exports to top $100 bn in 2024: KOTRA

South Korea is projected to reap more than $100 billion from selling the country’s consumer goods overseas this year. Exports of such products...

Upstage, Amazon to cooperate on AI solutions

Upstage, South Korea’s artificial intelligence startup, announced on Thursday that it signed a multi-year strategic collaboration agreement (S...

Shopee to ramp up Korean goods sales in Vietnam, Thailand

Shopee Pte. Ltd., an e-commerce operator, plans to quadruple sales of South Korean products in Vietnam and Thailand by 2025 aiming to expand its glo...

Lotte Group's heir apparent joins Japan holding firm's board

Shin Yoo-yeol, the heir apparent to Lotte Group, has been elected to the board of directors of its Japanese holding company, which serves as a link ...

Woori to buy Dajia’s insurers in Korea for up to $2.2 bn

Woori Financial Group Inc., South Korea’s fourth-largest financial services holding company, is set to acquire China’s Dajia Insurance G...

Korea to inject $200 mn into semiconductor packaging R&D

South Korea will inject 274.4 billion won ($200 million) into a state-run R&D project for semiconductor packaging technology, a key to producing...

Amazon to back K-Beauty’s broader global reach

US e-commerce juggernaut Amazon.com Inc. will offer South Korean cosmetics producers one-stop support to enable them to reach millions of customers ...

Galaxy Ring, new foldables set to steal the show at Samsung Unpacked Paris

Now it’s official. Samsung Electronics Co. is hosting its next Galaxy Unpacked summer event in Paris on July 10.Samsung picked Paris as the ve...

Korean PE funds shrink in 2023 for first time in 7 years

South Korean private equity investments declined last year for the first time since 2016 due to interest rate hikes, high inflation and the Korean w...