Toss Bank debuts amid government's tightening of loans

South Korean government’s toughening stance on household loans is having a direct impact on the fast-growing internet banks in the country. Th...

KT, Daishin PE acquire 100% stake in global data firm Epsilon

South Korea’s major telecom company KT Corp. is expanding investments in future growth areas outside the traditional mobile sector. KT said on...

Medytox’s US business outlook dim as contract with AbbVie ends

South Korea’s pharmaceutical company Medytox Inc. has ended a botulinum toxin-related technology transfer contract with AbbVie, clouding its b...

Namyang Dairy-Hahn & Co. saga enters new chapter: Legal fight

Namyang Dairy Products Co.'s top shareholder and Chairman Hong Won-sik on Wednesday notified Hahn & Co. of the termination of the 310.7 billion ...

Hyundai Heavy, Babcock join forces for Korea’s first aircraft carrier

Hyundai Heavy Industries Co. teamed up with British engineering company Babcock International to develop South Korea’s first aircraft carrier....

Naver poised for battle over sneaker resale market

South Korea’s platform giant Naver Corp. is on the move to claim the throne in the sneaker resale market, up against other fashion platforms s...

Tourism, aircraft take bulk of 2020 alternatives loss

South Korea's eight leading brokerage companies, including Mirae Asset Securities Co. and Hana Financial Investment Co., are estimated to have booke...

Growing pains: Korea’s smaller crypto exchanges face shutdown

In mid-July, a small obscure South Korean cryptocurrency exchange posted a notice on its website at midnight, saying it is suspending trading of 57 ...

Hahn & Co’s $270 mn deal to buy Namyang Dairy at risk of collapse

South Korean private equity (PE) firm Hahn & Co.’s deal to acquire Namyang Dairy Products is at risk of collapse as the owner and his fami...

Investors revalue E-Mart after owning two-thirds of Starbucks Korea

Shares of E-Mart Inc., South Korea’s largest retailer, are rallying after the company bought an extra stake in Starbucks Korea to control two-...

Green Cross' two Kosdaq-listed cell therapy arms to merge

South Korea's pharmaceutical group Green Cross Corp., or GC Pharma, will combine its two cell therapy developers listed on the junior Kosdaq market ...

Samsung Bio plans to manufacture mRNA drug substance from 2022

Samsung Biologics will be entering the drug substance segment of the COVID-19 vaccine contract manufacturing business. According to industry sources...

Hahn & Co. acquires controlling stake in Namyang Dairy Products

South Korea’s private equity (PE) firm Hahn & Co. has acquired a controlling 53% stake in Namyang Dairy Products, acquiring all shares own...

Hanwha Aerospace in $320 mn deal to supply aircraft engine parts to GE

Hanwha Aerospace Co., a unit of South Korean conglomerate Hanwha Group, has won a $320 million deal to supply aircraft engine parts to General Elect...

Korean PEFs raise bets on pandemic-hit aircraft sector

The aviation industry, one of the hardest-hit sectors by the global pandemic, is now whetting the appetite of South Korean private equity firms whic...

Samsung creates big data center under direct CEO control

Samsung Electronics Co. has launched a Big Data Center in a move to improve the use of big data in the development, marketing and sales of smartphon...

Korea’s EV battery trio controls half of global market ex-China

South Korea’s LG Energy Solution Ltd. and two other major domestic electric vehicle battery makers have grown significantly, controlling more ...

Korea posts worst economic contraction since 1998; down 1%

South Korea’s economic growth rate dropped by 1 percent last year, its worst performance since the 1998 Asian financial crisis when the coun...

Hanwha Aerospace certified to verify Rolls-Royce aircraft engine parts

Hanwha Aerospace Co., a unit of South Korean conglomerate Hanwha Group, has been certified to conduct the quality checks on aircraft engine parts it...

Hanwha to buy controlling stake in Korean satellite maker

Hanwha Aerospace Co., an aircraft engine components maker, will acquire a 30% stake in a South Korean Earth observation satellite maker for 109 bill...

LG takes over controlling stake in US TV data analysis firm Alphonso

South Korea’s LG Electronics Inc. has acquired a controlling stake in US-based TV data analysis startup Alphonso Inc. to strengthen its softwa...

SK in talks to buy French biologics contract manufacturer

SK Holdings is in the early stages of negotiations to acquire France’s biologic contract manufacturing organization (CMO) Yposkesi, in a move ...

Hyundai Motor to unveil unmanned cargo aircraft in 2026

Hyundai Motor Co. plans to unveil unmanned cargo aircraft in 2026 as the South Korean automaker aims to enhance its foothold in the future mobility ma...

Samsung aims to be No. 1 bio contract development, research firm

Samsung Biologics Co. has become the world’s No. 1 contract manufacturing organization (CMO) this year and aims to also lead both the contract d...

Samsung heirs’ $9 bn tax bill may lead to share sale, weak control

The three children and the wife of Samsung Group Chairman Lee Kun-hee, who died on Oct. 25 at the age of 78, is expected to face inheritance taxes of ...

LG Chem flies lithium-sulfur battery-loaded aircraft into stratosphere

LG Chem Ltd. has completed a test flight of an unmanned plane in the stratosphere using its lithium-sulfur battery for the first time in South Korea.T...

LG Chem flew lithium-sulfur battery-loaded aircraft into the stratosphere.

LG Chem Ltd. has completed a test flight of an unmanned plane at the highest altitude using its lithium-sulfur battery for the first time in South Kor...

Asiana again placed under creditor control; resale unlikely by year-end

Creditors of Asiana Airlines Inc. have decided to place the financially troubled carrier under their control after officially declaring the collapse o...

Korean exports remain sluggish in Q2 as GDP sees worst contraction since 2008

South Korea's real gross domestic product contracted 3.2% quarter on quarter, posting 448.2 trillion won ($378.1 billion) in Q2, according t...

Bank of Korea sees 2020 GDP contract 1.3%; keeps base rate on hold

The Bank of Korea revised down its 2020 growth forecast for the South Korean economy to a negative 1.3% from the previous 0.2% contraction on August 2...