Philippines LCS Group buys Korea’s special purpose vessel maker

The Philippines’ LCS Group of Companies bought a South Korean special purpose vessel maker as it aims to supply defense products to the Southe...

Korea March inflation at 10-year high; bond yields surge

South Korea’s consumer prices in March grew at the fastest pace in more than 10 years on surging energy and commodity prices, while the centra...

Korea’s top adult webtoon platform targets global market

Topco, South Korea’s top adult webtoon platform operator, is targeting the global digital comic market with the goal to expand its business in...

Korea’s battery trio cornered by Chinese rivals’ overseas advance

China’s leading battery makers are actively advancing into overseas markets with plans to build manufacturing factories close to their clients...

Nexon's new game beats Lineage to top app stores list

Nexon Co.'s Dungeon & Fighter Mobile has elbowed out NCSoft Corp.'s Lineage W to rank as the most popular Korean mobile game in the week since i...

Samsung Asset Mgmt. buys 20% stake in US ETF sponsor Amplify

South Korea’s Samsung Asset Management Co. invested in a US exchange-traded fund sponsor to expand its global presence in the market.Samsung s...

Korea manufacturers see dismal Q1 after stellar profits in 2021

South Korean companies, especially manufacturers, suffered surging commodity prices, a weak won currency and global logistics disruptions in the fir...

EDGC enters US procurement market with medical supplies

Eone Diagnomics Genome Center Co. (EDGC), a South Korean healthcare firm specializing in genetic analysis technology, is set to enter the US governm...

Samsung to work with Western Digital on next-gen storage technology 

Samsung Electronics Co. and Western Digital Technologies Inc. announced Wednesday the two parties signed a memorandum of understanding (MOU) to coll...

MBK sees most productive year ever, returning $5.3 bn to investors

MBK Partners will be bold in moving into more Asian markets this year, wrote the company's founder and chairman Michael ByungJu Kim, in his annual l...

Nexon incorporates own payment system for Dungeon & Fire release

South Korea’s online game developers are intensifying their efforts to build and incorporate their own payment systems to wipe out hefty commi...

Naver subsidiary splurges on metaverse, resell platform acquisitions

Snow Corp., a subsidiary of South Korea’s tech behemoth Naver Corp., has either already invested, or is slated to invest, in 11 companies so f...

Korea won at three-year high vs yen on rate differentials

South Korea’s won currency on Monday hit its strongest point against the Japanese yen in more than three years on higher interest rates and co...

HD Hyundai files complaint against EU's veto of DSME merger

HD Hyundai, formerly known as Hyundai Heavy Industries Holdings Co., has filed a complaint against the European Commission, the executive body of th...

MBK sees most productive year ever, returning $5.3 bn to investors

MBK Partners will be bold in moving into more Asian markets this year, wrote the company's founder and chairman Michael ByungJu Kim, in his annual l...

LG Household to lower reliance on Chinese market as shares slump

LG Household & Health Care Ltd. was one of the most coveted shares on the Korean bouse in the past couple of years as the company basked in the ...

Samsung launches LTE-only Galaxy A23 to target low-end market

Samsung Electronics Co. on Friday launched the 4G LTE Galaxy A23 smartphone, a cheaper version of its flagship Galaxy A series models, targeting the...

South Korea's 2021 outbound FDI at record-high $76 bn

South Korea's outbound direct investment in 2021 soared 32.8% from the year previous to a record-high $75.9 billion, led by financial investors and ...

Samsung, Hyundai amass record-high levels of cash

Major South Korean companies such as Samsung Electronics Co. and Hyundai Motor Co. have accumulated more cash than ever before amid growing uncertai...

Korean ad agencies vying for bigger slice of virtual space

South Korean advertisement agencies, led by Innocean Worldwide Inc. and Cheil Worldwide Inc., are stepping up efforts to acquire digital technology ...

Samsung family set to sell $320 mn worth of SDS shares

Samsung Group family is set to sell a 3.9% stake in Samsung SDS Co. worth 390 billion won ($319.5 million) through a block deal. The seller is one o...

SK Bioscience becomes first to win domestic COVID-19 vaccine contract 

SK Bioscience Co. said it reached a deal with Korea’s disease control agency to supply 10 million doses of the country’s first experimen...

OLED materials makers set to shine as Samsung, Sony unveil new TVs

South Korea’s major OLED materials makers are becoming the market darlings with decent gains in their share prices, as global TV manufacturers...

LG Display reclaims global top spot in Q4 2021

South Korea’s LG Display Co. regained the top spot in the global display market for TVs in the fourth quarter of 2021, according to tech indus...

ETFs entice Korean investors amid volatile market

South Korean retail investors bought more exchange-traded funds (ETFs) than stocks on the country’s main Kospi in the last six months as the b...

Korea rises as test bed for global luxury brands

South Korea is becoming a test bed for global high-end brands such as Balenciaga, Valentino, IWC and Breitling. The world's top luxury brands, pre...

Hyundai, BAIC Motor to inject $942 mn in China JV for EVs

Hyundai Motor Co., South Korea’s top automaker, is set to invest more in China to revive its business on the mainland through quality electric...

Nongshim aims for top instant noodle spot in the US

Nongshim Co., South Korea’s leading instant noodle maker is aiming for the top noodle spot in the US. The Korean food company will begin ope...

Hyundai Motor invests in cloud, hydrogen firms for future mobility

Hyundai Motor Co., South Korea’s top carmaker, invested $21.6 million late last year in startups with promising technologies in non-automaking...

China's lockdown: Double effect to Korean tech stocks

The COVID-19 lockdown of Shenzhen, the city known as Silicon Valley of China, is increasing concerns over supply disruptions to South Korea’s ...