Fresh food logistics startup Team Fresh secures 30 bn won in Series C

South Korea-based fresh food logistics startup Team Fresh has concluded its 30 billion won ($26.7 million) Series C round, attracting high-profile i...

Korea’s top delivery app operator Woowa joins 1 trillion won sales club

Woowa Brothers Corp., the operator of South Korea’s top food delivery app Baedal Minjok, commonly known as Baemin, has joined the 1 trillion w...

SK Hynix CEO Lee Seok-hee: Star engineer, bookworm, soju connoisseur

When SK Hynix Inc. announced a $9 billion all-cash deal to acquire Intel Corp.’s NAND memory chip business in mid-October of last year, the ma...

Korean won off 29-month high on government warning

The South Korean won suffered its biggest daily loss in five months against the dollar on Nov. 19, after Finance Minister Hong Nam-ki stepped up warni...

How the Biden win will affect the won-dollar exchange rate

The won-dollar exchange rate, which has been declining since the breakout of the COVID-19 pandemic, is falling faster since Joe Biden was elected as...

Korean won hits 19-month high; all eyes on US election

The South Korean won is riding high against the dollar amid expectations of a new US stimulus package, as presidential candidate Joe Biden’s lik...

Korean won rebounds to pre-pandemic level; more gains seen until US election

The South Korean won leapt to its highest close in eight months against the dollar on Sept. 18, powered by foreign investors’ week-long stock bu...

Celltrion group tipped to exceed 1 trillion won in profit; first among bio firms

South Korea’s Celltrion Inc. and its affiliates are expected to post robust operating profits this year on the back of strong sales of Remsima a...

Seoul apartments’ average selling price tops 1 billion won for first time

The average selling price of apartment units in Seoul has surpassed the psychologically important 1 billion won ($845,000) mark for the first time, al...

Why Korean won lacks luster, despite dollar’s weak trend

The South Korean won has been stuck in a range between 1,190 and 1,210 to the US dollar in the past two months, down 3% since the start of the year, d...

Korea Post put 1 trillion won into offshore property in past 3 yrs

Korea Post has invested a total of 998.6 billion won ($888 million) in overseas commercial buildings since 2013, the vast majority of which involved e...

[Interview] NPS CIO says may commit further 1.5 trln won to hedge funds in 2016

- Plans additional 1.5 trln won allocation after 1 trln won commitment to funds of funds in H1 - To diversify alternative asset classes to distress...

Up to 70 mn won support given to young entrepreneurs using public tech (edited)

The Ministry of SMEs and Startups announced on Friday a new program to support young entrepreneurs under the age of 39 who are interested in startin...