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