Hyundai, Kia post record US car sales as Japanese firms struggle

Hyundai, Kia post record US car sales as Japanese firms struggle

Hyundai Motor Co. and Kia Corp., the two automaking units of Hyundai Motor Group, saw their combined auto sales in the US rise to their highest leve...

Hyundai Engineering drops IPO plan on stock market weakness

Hyundai Engineering drops IPO plan on stock market weakness

Hyundai Engineering Co., the plant engineering and construction unit of South Korea’s Hyundai Motor Group, dropped a listing plan to raise up ...

Kospi melts as Fed, LG Energy spur foreign selling

Kospi melts as Fed, LG Energy spur foreign selling

South Korean stocks lost ground with the main index entering a bear market on Thursday as foreign investors intensified their selling after the US F...

Antin hires Michelle Maeng for Korean fund investor relations

Antin hires Michelle Maeng for Korean fund investor relations

Global infrastructure investment firm Antin Infrastructure Partners SA said on Jan. 25 it has appointed Michelle (Min Kyung) Maeng as its new Invest...

Bain Capital seals 3rd beauty M&A deal in S.Korea

Bain Capital seals 3rd beauty M&A deal in S.Korea

Bain Capital on Thursday agreed to buy a majority stake in South Korea's medical aesthetic device manufacturer Classys Inc. for 670 billion won ($56...

Aju sells San Jose-based hotel at $63 mn after five years

Aju sells San Jose-based hotel at $63 mn after five years

Aju Hotels & Resorts Co., a hospitality firm under Korean conglomerate Aju Group, has sold its San Jose-based hotel to an affiliate of US hosp...

Korea to reform FX market to join MSCI developed markets

Korea to reform FX market to join MSCI developed markets

South Korea is set to reform the local currency market as the country aims to reach MSCI Inc.’s developed market status for its domestic stock...

Lazard seeks to sell off fraud-hit Osstem Implant

Lazard seeks to sell off fraud-hit Osstem Implant

Lazard Asset Management has tapped multiple professional investors in South Korea to sell off its shares in Osstem Implant Co, worth $165 million, t...

Samsung to surprise market with Galaxy S22 at Feb Unpacked event

Samsung to surprise market with Galaxy S22 at Feb Unpacked event

Samsung Electronics Co., the world’s top smartphone maker, will unveil its latest Galaxy model at next month’s Unpacked event – a ...

Intel’s curious revelation of its ASML deal raises questions

Intel’s curious revelation of its ASML deal raises questions

Intel Corp.’s recent announcement that it is buying a new, advanced chipmaking tool from ASML Holding N.V. has raised questions about the ulte...

EcoPro BM beats Kosdaq's top market cap Celltrion

EcoPro BM beats Kosdaq's top market cap Celltrion

EcoPro BM Co., a leading manufacturer of cathode material for secondary batteries, topped the market capitalization for Kosdaq-listed firms on Jan...

Doosan Robotics eyes $10 bn cobot market 

Doosan Robotics eyes $10 bn cobot market 

A robot with a humanoid arm is busy at work transporting parts inside Doosan Robotics’ manufacturing plant in Suwon City, Gyeonggi Province.&n...

KTB PE earns 100% return from US brand sold to P&G

KTB PE earns 100% return from US brand sold to P&G

South Korea-based KTB Private Equity has earned a 100% return from Farmacy Beauty, just a year after its investment, following Procter & Gamble'...

BOK restores interest rates to pre-pandemic level

BOK restores interest rates to pre-pandemic level

South Korea’s central bank on Friday raised interest rates back to a pre-pandemic level, signaling further hikes to curb rising inflationary p...

Korean AI startups blaze trails in overseas markets

Korean AI startups blaze trails in overseas markets

Artificial intelligence-powered image analysis company Alchera Inc. is working with PG&E (The Pacific Gas and Electric Company (PG&E) in t...

LG Energy sets new IPO record with $9.65 trillion investor demand

LG Energy sets new IPO record with $9.65 trillion investor demand

LG Energy Solution Ltd., the world’s second-largest battery maker, has set a new record for an initial public offering with demand for its sha...

SoftBank invests $146 mn in AI startup Qraft

SoftBank invests $146 mn in AI startup Qraft

SoftBank Group Corp. is investing $146 million in South Korea’s artificial intelligence company Qraft Technologies, Inc. The investment includ...

POSCO plans to cancel treasury shares in its holding firm

POSCO plans to cancel treasury shares in its holding firm

Top management of South Korea's POSCO Co. has decided to cancel treasury shares in its to-be-launched holding company, in an effort to win sharehold...

LG welcomes Samsung’s likely re-entry into OLED TV market

LG welcomes Samsung’s likely re-entry into OLED TV market

Samsung Electronics Co.'s expected re-entry into the OLED TV market will further expand the growing segment, which is gaining popularity in the...

Time to buy Korean chipmakers; Samsung among 2022 top picks

Time to buy Korean chipmakers; Samsung among 2022 top picks

The year of the tiger will see decent stock price gains in leading chipmakers such as Samsung Electronics Co. and SK Hynix Inc. on expected hypersca...

LG Energy to heat up Korea’s record IPO market in 2022

LG Energy to heat up Korea’s record IPO market in 2022

South Korea’s initial public offering market is expected to set a record in 2022, heating up from the start of the year as LG Energy Solution ...

Foreigners’ Korean stockholdings soar 180-fold in 30 years

Foreigners’ Korean stockholdings soar 180-fold in 30 years

Foreign investors ramped up their holdings of South Korean stocks 180 times in 30 years, increasing influence in the local financial markets and dom...

Howard Marks says should stay in the market now

Howard Marks says should stay in the market now

NEW YORK -- US stock markets remain high but their prices seem reasonable at the current level of interest rates near historic lows, said Oaktree Ca...

Netmarble joins P2E market with ITAM takeover

Netmarble joins P2E market with ITAM takeover

Netmarble Corp. is in discussion with blockchain gaming and NFT platform ITAM Games for a merger and acquisition deal. The move signals Korea's larg...

FTC announces conditions for Korean Air, Asiana merger

FTC announces conditions for Korean Air, Asiana merger

South Korea’s antitrust regulator the Fair Trade Commission (FTC) has decided on conditional approval for Korean Air Lines Co.‘s 1.8 tri...

Samsung cuts NAND output in Xian on COVID-19 lockdown

Samsung cuts NAND output in Xian on COVID-19 lockdown

Samsung Electronics Co., the world’s largest NAND flash memory chipmaker, said on Wednesday it is adjusting operations at its manufacturing fa...

Kosdaq: Perennial bush league as blue chips favor Kospi

Kosdaq: Perennial bush league as blue chips favor Kospi

South Korea’s tech-heavy Kosdaq market has been underperforming the main Kospi market for a couple of decades, raising concerns that the junio...

Korea’s IPO market renews record highs

 Korea’s IPO market renews record highs

South Korea’s initial public offering market continues to rewrite history this year. More than 20 million people have participated in the...

Coupang’s share price rebounds as market digests lockup release

Coupang’s share price rebounds as market digests lockup release

Shares of Coupang Inc., widely seen as the South Korean version of global e-commerce giant Amazon.com, are staging a rebound as the market is grad...

Diageo sells whisky business to Bayside-led consortium for $194 mn

Diageo sells whisky business to Bayside-led consortium for $194 mn

Diageo Korea Co., London-headquartered multinational beverage alcohol company Diageo plc’s Korean affiliate and the biggest whisky importer in...

Deal graveyard: S.Korean F&B franchises left without takers LG Energy, GM’s JV Ultium Cells to retrofit Tennessee plant to produce LFP batteries KPop Demon Hunters OST lands at No.6 on Billboard Hot 100 K-beauty craze sends Olive Young online sales to new heights Hyundai Motor’s high-stakes gambit in US: Cut vehicle prices as rivals hike