Hanwha Life to spur global real estate investment via US subsidiary
South Korea’s Hanwha Life Insurance Co. is set to kick off direct investment in overseas real estate via its subsidiary in the US, according t...
Korea Inc. rushes to cut debt as interest rates surge
South Korean companies scrambled for lowering debts and borrowing costs with new financial and business strategies as interest rates on corporate lo...
Four chip alliance: S.Korea's courage to overcome Chinaphobia
“I'm gonna make him an offer he can’t refuse.”Ahn Cheol-soo, a senior lawmaker of South Korea’s ruling People Power Party, c...
Carlyle CEO Lee’s sudden exit puts the PE’s Korea strategy in spotlight
The sudden resignation of The Carlyle Group Inc. Chief Executive Kewsong Lee has not just surprised the global investment community but raised quest...
KOGAS to cut exposure to Indonesia LNG project in 2027
The state-run Korea Gas Corp. (KOGAS) has decided to reduce its exposure to a $2.8 billion joint liquefied natural gas (LNG) project in Indonesia in...
Celltrion logs strong Q2 earnings powered by biosimilars
South Korea’s biopharmaceutical maker Celltrion Inc. on Friday reported strong quarterly earnings thanks to healthy demand for its biosimilar ...
Naver says no growth sacrifice to cut costs with record sales
Naver Corp., South Korea’s largest online portal, on Friday reported its largest-ever quarterly revenue, led by webtoon and fintech services, ...
Broadcom applies for consent order on unfair deals with Samsung
US chipmaker Broadcom Inc. applied for a consent order to the Korea Fair Trade Commission (KFT) in July against allegations that it forced Samsung E...
US private equity giant Apollo making inroads into Korea
Apollo Global Management Inc., a US private equity powerhouse, is set to launch a credit business in South Korea, aiming for the local private lendi...
US private equity giant Apollo to make inroads into Korea
Apollo Global Management Inc., a US private equity powerhouse, is set to start the credit business in South Korea, aiming for the local private lend...
Hanwha Solutions, OCI to benefit from US push for solar energy
Hanwha Solutions Corp. and OCI Co., South Korea’s two leading solar power-related companies, are poised to gain a tailwind from the US governm...
Korean snack shares surge, Beijing halts baked goods imports from Taiwan
Shares of South Korean confectionery and packaged snack makers skyrocketed after the Chinese government announced its decision to temporarily halt t...
S.Korea edges closer to joining US-led chip alliance
August could mark a turning point for South Korea’s semiconductor industry.The country has been keeping tight-lipped on whether or not to join...
Korea inflation hits highest point since 1998 crisis, BOK to hike rates
South Korea’s inflation accelerated further last month to its highest point since the 1997-98 Asian financial crisis, adding to expectations t...
Solar cells & modules, Hyundai Heavy’s hidden growth fuel
Hyundai Heavy Industries Group, the world’s top shipbuilder, secured another future growth engine from its solar cells and modules business on...
Korean EV, battery makers to benefit from US inflation bill
South Korea’s electric vehicle and battery makers are expected to benefit from the Inflation Reduction Act of 2022, the US bill designed to br...
Seoul suspends new antitrust bill on trade conflict fears
South Korea has postponed the introduction of a new law aimed at expanding its authority beyond Korean entrepreneurs, people familiar with the matte...
LG Chem, GM in $30.6 billion EV battery materials supply deal
South Korea’s top chemicals company LG Chem Ltd. has signed a long-term battery materials supply deal with General Motors Co. to support the U...
LG Energy shrugs off slowing economy as demand grows
South Korea’s top battery maker LG Energy Solution Ltd. on Wednesday unveiled its ambitious goals for revenue and operating margins as electri...
SK to build first chip packaging plant in US with $22 bn investment
WASHINGTON DC – SK Group, South Korea’s second-largest conglomerate, said on Wednesday it will build its first memory chip packaging fac...
LG Energy, China’s Huayou Cobalt to build battery recycling joint venture
South Korea’s top battery maker LG Energy Solution Ltd. and China’s mining company Zhejiang Huayou Cobalt Co. have agreed to launch a ba...
Shinsegae to launch wholly owned US subsidiary on alternative meat
Shinsegae Food Inc. announced Thursday it will launch its US subsidiary focused on alternative meat. The food arm of Shinsegae Inc. will inject...
Aramco-backed Hyundai Oilbank drops IPO on market downturn
Hyundai Oilbank Co., a South Korean refiner backed by Saudi Aramco, withdrew its plan for an initial public offering as local stock markets tumbled,...
SK Hynix puts $3.3 billion factory plan on hold amid global uncertainty
SK Hynix Inc., the world’s second-largest memory chipmaker, has decided to hold off on a 4.3 trillion won ($3.3 billion) plan to build a new N...
South Korea to cut red tape, raise student quota to grow chip talent
South Korea, home to the world’s two largest memory chipmakers, said on Tuesday it will cut administrative red tape and ease the restrictive s...
Pfizer Korea HQ sale falls through on investors' tepid interest
South Korea’s GRE Partners Asset Management Co. a real estate investment firm, has recently suspended the selling process for Pfizer Pharmaceu...
Won may head to 1,400 against the dollar for 1st time since 2008-09 crisis
The South Korean won is expected to weaken to 1,400 against the dollar, a level not seen since the 2008-09 global financial crisis as the country&rs...
Korea’s Cosmax to shut Ohio plant to cut losses; shares up
Cosmax Inc., a major South Korean original design manufacturer (ODM) for L'Oréal and other global cosmetics giants, plans to shut its loss-ma...
Commercial real estate market in Seoul shrinks in H1 2022
The commercial real estate market in Seoul slowed this year, according to a report by South Korean online property platform RSquare. The sum of the ...
BOK likely to take 50-bp big step hike to curb inflation
South Korea’s central bank is expected to raise interest rates by 50 basis points (bps) on Wednesday for the first time in history to cool dow...
