KB Asset poised to buy Signature Tower in Seoul for over $700 mn

KB Asset Management Co. has been named the preferred buyer of Signature Tower in what would be a landmark office property deal in South Korea this y...

TWICE scores 7th Top 10 entry on Billboard 200 with This Is For album

South Korean girl group Twice has extended their Billboard streak, landing at No. 6 on the Billboard 200 this week with their new album This Is For ...

Pebblestone, Pacific, Hanwha Asset, Hyundai Investments shortlisted for NPS’ $360 mn property fund mandate

The National Pension Service (NPS), South Korea’s state-run pension fund and the country’s largest institutional investor, has shortlist...

President Lee meets Hyundai, LG chiefs, promotes ‘one team’ approach

South Korean President Lee Jae-myung held back-to-back meetings with the chairmen of Hyundai Motor Group and LG Group this week to discuss global tr...

K-content reign continues as Squid Game returns in force

Korean content swept across 93 countries on Netflix in the first half of this year, captivating global audiences with a wider range of genres from d...

Stray Kids make K-pop history with landmark stadium show in Germany

Stray Kids set a new milestone in K-pop history with a solo performance at one of the largest stadiums in Germany, highlighting the unwavering globa...

S.Korea’s most prominent business leader returns with all charges cleared

After nearly a decade spent fighting allegations of corporate wrongdoing, Samsung Electronics Co. Chairman Lee Jae-yong has been acquitted on all ch...

Korea Investment & Securities, UBP seek private banking partnership

Korea Investment & Securities Co. (KIS), a unit of Korea Investment Holdings Co., said on Thursday it has discussed a strategic partnership with...

Vietnam’s top leader to make 1st South Korea visit in 11 years

To Lam, general secretary of Vietnam’s Communist Party and the country’s de facto ruling leader, is expected to make a state visit to So...

K-beauty contract manufacturers see record Q2 profits; rally likely to continue

South Korea’s major original design manufacturers (ODMs) for cosmetics, led by Cosmax Inc. and Kolmar Korea Co., are estimated to have posted ...

LG Energy, GM’s JV Ultium Cells to retrofit Tennessee plant to produce LFP batteries

Ultium Cells LLC, a battery joint venture between South Korea’s LG Energy Solution Ltd. and General Motors Co., will upgrade its battery cell ...

Cohen & Steers names Andrew Shin to lead S.Korea institutional business

US-based investment firm Cohen & Steers Inc. has appointed Andrew Shin, a 20-year veteran of the institutional investment market, as vice presid...

S.Korea to overhaul retirement pension system, introduce competition for higher returns

South Korea is planning a sweeping overhaul of its corporate retirement pension system by introducing a competitive, fund-based model that would pit...

Korean waste management firm Koentec put on market for $730 mn

Korea Environment Technology Co. (Koentec) is up for sale in a deal that could fetch up to 1 trillion won ($730.4 million) with global private equit...

Samsung’s Q2 operating profit halves amid sluggish chip sales

Samsung Electronics Co.'s operating profit in the second quarter missed market expectations, with a 56% on-year fall, as its mainstay semiconductor ...

LG Group executives to meet with Honda CEO to explore partnership

LG Group is accelerating its efforts to build a partnership with Honda Motor Co. as South Korea's fourth-largest conglomerate beefs up its automotiv...

Samsung Asset leads H1 AUM rankings amid ETF boom

South Korea’s asset management industry posted stellar growth in the first half of 2025, buoyed by a 28% surge in the country’s benchmar...

S.Korea corporate law reform gains bipartisan support

South Korea's ruling Democratic Party’s proposal to strengthen protections for minority investors and enhance board independence has secured t...

HYBE to bring K-pop idol playbook to India, tapping local talent

India, a country of 1.4 billion people, will be HYBE Co.'s next stop to test its K-pop model by discovering and nurturing local talent under its Cha...

Goldman Sachs acquires Mercure Ambassador: 1st stint with Korean hotels

Goldman Sachs, in partnership with JB Asset Management Co., has acquired Mercure Ambassador Seoul Hongdae, a prominent mixed-use commercial property...

Hanwha Systems to compete with LIG Nex1 for Korean version of Iron Dome

Hanwha Systems Co. is preparing to muscle into a strategic stronghold of South Korea’s missile defense industry, challenging long-time rival L...

GEPS taps former KB Asset chief risk officer as new CIO

South Korea’s Government Employees Pension Service (GEPS) on Wednesday appointed Sohn Young-jin, former head of risk management at KB Asset Ma...

LS Electric poised to join Nvidia's supply chain via Vertiv deal

LS Electric Co., a South Korean industrial system supplier, is poised to deliver a large volume of power control equipment, including switchgears an...

S.Korea to have 1st civilian defense minister in decades, career technocrats

South Korean President Lee Jae-myung on Monday announced a sweeping Cabinet reshuffle, naming a mix of career technocrats, senior lawmakers and &mda...

Loss-making Lotte Chemical to sell water treatment unit to Synopex

Lotte Chemical Corp., South Korea’s second-largest petrochemical company grappling with mounting losses amid a prolonged industry downturn, wi...

Lockheed Martin, KAI to expand partnership to future defense, aerospace tech

Global defense giant Lockheed Martin Corp. and Korea Aerospace Industries Ltd. (KAI) on Tuesday agreed to expand their collaboration into futur...

EQT taps ex-DHK Management CEO to lead S.Korea's real estate push

Swedish asset manager EQT Partners, also the largest private equity firm in Europe, has named David Kim, chief executive of South Korean real estate...

Affirma Capital to acquire Equis’ Korean waste assets for $294 million

Affirma Capital, a Singapore-headquartered buyout private equity firm, has agreed to acquire the entire portfolio of South Korean waste processing a...

LG Chem closes $1 bn water filter division sale to Glenwood PE

LG Chem Ltd. said on Friday it has finalized the sale of its water filter business to Seoul-based Glenwood Private Equity for 1.4 trillion won ($1 b...

President Lee: Businesses at center of policy priorities for economic growth

South Korean President Lee Jae-myung on Friday pledged strong government support for the country’s businesses, while emphasizing the need for ...