IGIS, KKR to buy Shinhan Investment HQ for $487 mn

IGIS, KKR to buy Shinhan Investment HQ for $487 mn

A consortium led by South Korea’s IGIS Asset Management Co. and US private equity giant KKR & Co. is set to acquire Shinhan Investment Cor...

Pfizer Korea HQ sale falls through on investors' tepid interest

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...

Hyundai Elevator aims to more than double sales by 2030

Hyundai Elevator aims to more than double sales by 2030

CHUNGJU, North Chungcheong Province -- Hyundai Elevator Co., South Korea’s top elevator maker, aims to more than double its sales in the next ...

Sell Korea intensifies as foreigners dump bonds for 1st time in 18 months

Sell Korea intensifies as foreigners dump bonds for 1st time in 18 months

A selloff in risk assets in South Korea is intensifying as foreigners turned net sellers of Korean bonds for the first time in 18 months in June whi...

Naver executives’ treasury share sale may signal business slowdown

Naver executives’ treasury share sale may signal business slowdown

Executives at South Korea’s platform giant Naver Corp. are selling their shares in the company, an indication that the company’s busines...

Celltrion, Samsung Biologics eye record-high annual sales

Celltrion, Samsung Biologics eye record-high annual sales

South Korea’s two major biopharmaceutical companies, Celltrion Inc. and Samsung Biologics Co., are respectively expecting more than 2 trillion...

Korean companies' net issuance of bonds in H1 hits six-year low

Korean companies' net issuance of bonds in H1 hits six-year low

South Korea’s net issuance of corporate bonds during the first half of 2022 was its lowest in six years, according to Korea Financial Investme...

Hyundai Motor raises N.America workforce, cuts China staff

Hyundai Motor raises N.America workforce, cuts China staff

Hyundai Motor Co., South Korea’s top automaker, ramped up its workforce in North America by more than 50% last year where its presence is grow...

CJ CheilJedang to rev up Korean food sales in Europe

CJ CheilJedang to rev up Korean food sales in Europe

South Korean food giant CJ CheilJedang Corp. is set to accelerate the expansion of its Korean food business in Europe. It aims to increase annual fo...

Ssangyong to raise Torres SUV output for turnaround

Ssangyong to raise Torres SUV output for turnaround

South Korea’s Ssangyong Motor Co. will ramp up the production of its new sport utility vehicle to meet strong demand, hoping the Torres will h...

POSCO sees battery materials sales double by 2030

POSCO sees battery materials sales double by 2030

South Korea’s POSCO Holdings Inc. expects sales of its rechargeable battery materials to more than double to 41 trillion won ($31 billion) by ...

Unison Capital puts Korea dental scanner maker up for sale

Unison Capital puts Korea dental scanner maker up for sale

Unison Capital Inc., a middle-market focused private equity firm, put the world’s third-largest 3D dental scanner maker on the market. The dea...

Korean Aerospace Ind.'s shares soar on Poland export hopes

Korean Aerospace Ind.'s shares soar on Poland export hopes

Korea Aerospace Industries Ltd. (KAI), South Korea’s military aircraft manufacturer, is emerging a winner in South Korea’s sagging stock...

Lotte Chemical, Bain Capital among bidders for Korea’s Iljin Materials

Lotte Chemical, Bain Capital among bidders for Korea’s Iljin Materials

The much-touted sale of a controlling stake in Iljin Materials Co., a leading South Korean battery materials maker, is flagging as big spenders are ...

Korean biotech L&C Bio issues convertible bonds worth $46 mn

Korean biotech L&C Bio issues convertible bonds worth $46 mn

South Korean biotech company L&C Bio, which specializes in tissue regeneration treatment, is poised to ramp up its expansion into the Chinese ma...

LG Magna to spend $78 mn on China capacity expansion

LG Magna to spend $78 mn on China capacity expansion

LG Magna e-Powertrain Co. will invest $78 million in its Chinese plant of electric vehicle parts to meet growing demand in the world’s largest...

SK Bioscience wins marketing license for Korea's first COVID-19 vaccine

SK Bioscience wins marketing license for Korea's first COVID-19 vaccine

South Korea’s SK Bioscience Co., a biopharmaceutical unit of SK Group, has won marketing authorization for its COVID-19 vaccine from the Minis...

Korean duty-free shops hit by unfavorable exchange rate, limited inventory

Korean duty-free shops hit by unfavorable exchange rate, limited inventory

The duty-free industry has been hoping that the end of COVID-19-related travel restrictions would help boost its sales. Even as international t...

K-beauty sales see sharp drop at China's major shopping event

K-beauty sales see sharp drop at China's major shopping event

South Korean cosmetics giants failed to win over Chinese consumers at the 618 Shopping Festival, one of the largest online annual shopping events in...

Lotte seeks to sell Pakistan arm for over 10 times return

Lotte seeks to sell Pakistan arm for over 10 times return

South Korea’s Lotte Chemical Corp. has decided to put its entire stake in Pakistan-based LCPL up for sale, which may sell for up to 210 billio...

Golf simulation centers' revenue soars 48% on-year

Golf simulation centers' revenue soars 48% on-year

Even amid the COVID-19 pandemic, sectors serving golf enthusiasts have thrived in South Korea.Financial services company BC Card analyzed the sales ...

Samsung Bioepis’ SB12 shows same clinical effects as Alexion’s Soliris

Samsung Bioepis’ SB12 shows same clinical effects as Alexion’s Soliris

Samsung Bioepis Co., a biopharmaceutical unit of Samsung Group, said its SB12, a proposed biosimilar to Alexion Pharmaceuticals Inc.’s rare bl...

Renault confident of Korean sales recovery; looks to larger cars

Renault confident of Korean sales recovery; looks to larger cars

When French carmaker Groupe Renault dropped Samsung from its South Korean unit's company name in March, it aroused worries that the firm may not be ...

S.Korean trucker strike enters 3rd day, targets Samsung’s supply chain

S.Korean trucker strike enters 3rd day, targets Samsung’s supply chain

South Korea’s unionized truckers, on day three of a large-scale strike, have moved to disrupt the supply of materials needed to manufacture se...

McDonald’s to sell Korea operation, heating up burger M&As

McDonald’s to sell Korea operation, heating up burger M&As

McDonald’s Corp., the world’s top fast-food restaurant operator, is seeking to sell its South Korean business, heating up the mergers an...

It's time to bet on high-yield bond funds: Barings

It's time to bet on high-yield bond funds: Barings

High-yield bonds generally create greater yields than other funds, but low-quality bonds are vulnerable to economic downturns and the firms’ c...

BTS' Army, Blackpink's Blink power Korea fandom platforms

BTS' Army, Blackpink's Blink power Korea fandom platforms

Army of BTS, Blink of Blackpink and other global fan clubs of the world’s K-pop stars are strengthening the fan engagement platform business o...

Korea’s DL E&C suffers from Russian war, chairman-related risk

Korea’s DL E&C suffers from Russian war, chairman-related risk

DL E&C Co., a South Korean offshore plant and construction company, is suffering from its suspended projects in Russia, one of its key overseas ...

Hugel accelerates European botox sales with Poland's approval

Hugel accelerates European botox sales with Poland's approval

Hugel Inc., South Korea’s largest maker of botulinum toxin products used to treat overactive muscles and facial wrinkles, has won sales approv...

SKC to sell plastic film business to Hahn & Co. for $1.3 billion

SKC to sell plastic film business to Hahn & Co. for $1.3 billion

SKC Ltd., the chemical materials unit of South Korea’s SK Group, is selling its plastic film business to private equity firm Hahn & Co. fo...

LG links up with Chinese rivals for budget appliance supremacy Mercedes opens world’s 1st Maybach flagship center in Seoul Blackpink's new single Jump tops Spotify daily chart K-content goes cultural: KPop Demon Hunters sparks heritage K-goods craze POSCO supplies HIC-resistant steel for Aramco’s Fadhili gas plant