Kakao to challenge Naver, Apple for offline payment services

Kakao to challenge Naver, Apple for offline payment services

South Korea’s largest mobile payment app KakaoPay has bought a stake in the country’s No. 1 electronic payment system provider, accordin...

SK Bioscience seeks WHO nod for prompt COVID vaccine sale

SK Bioscience seeks WHO nod for prompt COVID vaccine sale

SK Bioscience Co., the biopharmaceutical unit of South Korea’s No. 2 conglomerate SK Group, sought approval from the World Health Organization...

Korean big-box stores see credit rating downgrades

Korean big-box stores see credit rating downgrades

Two credit rating agencies have lowered South Korean big-box retail giants’ credit profiles. Korea’s top three big-box stores, Homeplus ...

K-chicken chain BB.Q foresees stores quadrupling in N.America

K-chicken chain BB.Q foresees stores quadrupling in N.America

Gourmands in North America will be able to enjoy South Korean fried chicken more conveniently as BB.Q Chicken, the country’s leading franchise...

Samsung’s Lee reinstated; big moves in store for top conglomerate

Samsung’s Lee reinstated; big moves in store for top conglomerate

Lee Jae-yong, Samsung Group’s de facto leader, on Friday had his right to work restored, paving the way for big moves for South Korea’s ...

Six major Korean firms tie up with Petronas for carbon biz

Six major Korean firms tie up with Petronas for carbon biz

South Korea’s six biggest companies joined hands with Malaysia’s state energy firm Petroliam Nasional Berhad (Petronas) for the carbon c...

Online study assistant operator Bebridge receives $1.9 mn in pre-Series A

Online study assistant operator Bebridge receives $1.9 mn in pre-Series A

South Korean startup Bebridge Inc. announced Thursday it raised 2.5 billion won ($1.9 million) in pre-Series A round from Magna Investment, Bluepoin...

Louis Vuitton chairman to meet with heads of S.Korean department stores

Louis Vuitton chairman to meet with heads of S.Korean department stores

The chairman and chief executive of French luxury label Louis Vuitton is scheduled to visit South Korea next week and meet with the heads of three m...

Chanel’s first VIP boutique to open in Asia – will it be in Seoul?

Chanel’s first VIP boutique to open in Asia – will it be in Seoul?

A couple of months ago, media outlets reported Chanel plans to open stores solely for VIP shopping in Asia.The French label is widely expected to op...

South Korean startups team up with convenience stores for drone delivery

South Korean startups team up with convenience stores for drone delivery

South Korean convenient stores are ramping up competition in the business of drone delivery. The initial target regions include the Seoul subur...

S.Korean convenience stores extend rivalry to Malaysia

S.Korean convenience stores extend rivalry to Malaysia

South Korea’s two largest convenience store chains GS25 and CU are branching out into Malaysia in search of new growth markets.GS Retail Co., ...

Retailers rely on property redevelopment as earnings sag

Retailers rely on property redevelopment as earnings sag

South Korea’s large retailers are keen on redeveloping their decades-old stores into modern residential and commercial complexes as a way out ...

LG takes Paris Baguette into the future with transparent OLED screens

LG takes Paris Baguette into the future with transparent OLED screens

PANGYO, Gyeonggi Province – In Steven Spielberg’s 2002 sci-fi film Minority Report, Tom Cruise gets all the information he needs through...

Daewoo to develop offshore carbon capture tech with ABS, GasLog

Daewoo to develop offshore carbon capture tech with ABS, GasLog

South Korea’s major shipbuilder Daewoo Shipbuilding & Marine Engineering Co. (DSME), said on Friday it will join forces with marine asset ...

Lotte Duty Free to close COEX store in central Seoul

Lotte Duty Free to close COEX store in central Seoul

Lotte Duty Free, South Korea’s largest duty-free business operator, is closing one of its flagship stores in Seoul in the wake of the COVID-19...

SK E&S, Australia’s Santos eye joint carbon capture, hydrogen projects

SK E&S, Australia’s Santos eye joint carbon capture, hydrogen projects

SK E&S Co., the natural gas business unit of South Korea’s SK Group, and Australia’s leading energy company Santos Ltd. are seeking ...

Korea electronics retailers face headwind from e-commerce, dept. stores

Korea electronics retailers face headwind from e-commerce, dept. stores

South Korea’s major electronics retailers such as Lotte Himart are facing a headwind as more customers are buying home appliances online and d...

One Store becomes fifth Korean IPO dropout this year

One Store becomes fifth Korean IPO dropout this year

One Store Co., South Korea's homegrown app store, on Wednesday canceled its initial public offering on the Korea Exchange, after its shares failed t...

SK E&S invests $110 million in world’s largest carbon capture project

SK E&S invests $110 million in world’s largest carbon capture project

SK E&S Co., the natural gas business unit of South Korea’s SK Group, is investing $110 million for a 10% stake in Summit Carbon Solutions ...

Korean app market One Store to venture into SE Asia

Korean app market One Store to venture into SE Asia

One Store Co., South Korea's homegrown app store, will venture into Taiwan and Southeast Asia within the year, aiming to crack Google and Apple's du...

MBK to further slim down Homeplus before exit

MBK to further slim down Homeplus before exit

MBK Partners has put one of the large store buildings of South Korea's supermarket chain Homeplus up for sale as part of an ongoing effort to improv...

SK Telecom to launch metaverse platform in Europe

SK Telecom to launch metaverse platform in Europe

South Korea’s top mobile carrier SK Telecom Co. and its spin-off investment firm SK Square Co. joined hands with Europe’s largest teleco...

GS Retail shares tumble as new services widen losses

GS Retail shares tumble as new services widen losses

Shares in South Korea's GS Retail Co. suffered their worst percentage fall in nearly five years on May 6, after the convenience store operator's fir...

Lotte Duty Free to open downtown store in Sydney

Lotte Duty Free to open downtown store in Sydney

South Korea's Lotte Duty Free Co. is slated to open a downtown store in Sydney on May 5, after Australia reopened its international borders to forei...

One Store refiles IPO application, changing peer group list

One Store refiles IPO application, changing peer group list

One Store Co., investment firm SK Square Co.'s homegrown app store, is gearing up for an initial public offering to be held in May. The local app st...

Nexon's new game beats Lineage to top app stores list

Nexon's new game beats Lineage to top app stores list

Nexon Co.'s Dungeon & Fighter Mobile has elbowed out NCSoft Corp.'s Lineage W to rank as the most popular Korean mobile game in the week since i...

Two SK Group arms unveil lower-than-expected IPO guidance

Two SK Group arms unveil lower-than-expected IPO guidance

SK Shieldus Co. and One Store Co., two units of South Korea's SK Square Co., submitted their initial public offering applications on Thursday to rai...

Hyundai Dept. Store to buy Zinus for $735 mn

Hyundai Dept. Store to buy Zinus for $735 mn

South Korea’s major retailer Hyundai Department Store Group is set to buy Zinus Inc., a maker of best-selling mattresses in North America for ...

SK E&S to start business of carbon storage in depleted gas fields

SK E&S to start business of carbon storage in depleted gas fields

South Korea’s SK E&S Co. is set to enter the business of carbon storage in depleted gas fields.The natural gas business unit of SK Group s...

AI startup InterMinds builds Smart Stores with conglomerates

AI startup InterMinds builds Smart Stores with conglomerates

Convenience stores are hotbeds for South Korean IT companies to test their artificial intelligence (AI) technology.That is because the establishment...

S.Korea names budget veteran as finance minister to prop up economy KKR in control feud over Korea’s top solar power plant Hanwha Systems to compete with LIG Nex1 for Korean version of Iron Dome NH, KB Securities, Kookmin Bank, Kim & Chang lead capital markets in H1 From G-Dragon to Ibuki: Dongmyo emerges as global fashion hotspot