Native Korean fast-fashion brands poised to snatch market
South Korea’s homegrown fast-fashion brands are expected to continue making big strides at home as cost-conscious consumers shifted toward mor...
SK Hynix, Samsung set to benefit from explosive HBM sales growth
Sales of high-bandwidth memory (HBM), the red-hot DRAM product essential to artificial intelligence devices, will significantly grow in the coming y...
Korea’s Kookmin Bank raises $600 mn in global senior debts
South Korea’s largest bank Kookmin Bank said on Tuesday it has issued $600 million worth of global senior secured bonds. The debts were oversu...
Korea desperately seeks global bond index inclusion to rescue won
South Korea is desperately working for inclusion on a global major bond index to save the ailing won, the second worst-performer among emerging Asia...
MBK to delist Korean e-commerce Connectwave after tender offer
MBK Partners, one of the largest Asian private equity firms, is set to delist South Korea’s leading e-commerce operator Connectwave Co. from t...
HD Hyundai Marine IPO sees strong demand from retail investors
South Korea’s HD Hyundai Marine Solution Co. has attracted billions of dollars from retail investors in subscription deposits for the ship mai...
CJ Olive Young opens Hongdae Town for K-beauty experience
CJ Olive Young Corp., South Korea’s top beauty store chain, announced on Thursday that it will open Olive Young Hongdae Town, a specialty stor...
LG’s washers selected as best by Consumer Reports
LG Electronics Inc. swept the top three spots in the major categories of the US Consumer Reports Best Washing Machines of 2024 evaluation.The evalua...
Aekyung AGE20's to enter US cosmetics market
South Korea's Aekyung Industrial Co. announced on Tuesday that it signed a Memorandum of Understanding (MOU) with Silicon2, a global K-beauty distri...
Korchip sets IPO price above expected range
South Korea's micro secondary battery manufacturer Korchip set its IPO price at 18,000 won ($13.15), exceeding the upper end of the expected range (...
Korean banking group's Q1 profits drop on ELS sales
The combined net profit at South Korea’s four largest financial services firms, including KB Financial Group, are estimated to have dropped ne...
HD Hyundai Electric likely to join MSCI Korea: Samsung Securities
HD Hyundai Electric Co., Alteogen Inc. and Enchem Co. are expected to be invited to join Morgan Stanley Capital International’s Korea Index wh...
In Korean food prices, everything’s up: Now it’s dried seaweed's turn
First, it was groceries. Then came fried chicken and hamburgers. Now, it’s seasoned seaweed products, chocolate and ice creams.As in other cou...
McDonald’s Korea sees record sales in 2023
Fast food giant McDonald’s Corp. achieved record revenue of 1.29 trillion won ($815.9 million) last year in Korea, according to its regulatory...
SK Innovation to adjust business portfolios for long-term growth
SK Innovation Co., South Korea’s top energy company, is slated to adjust its business portfolios for long-term growth while not planning to sl...
Burger, chicken franchises raise prices after elections
Fried chicken and hamburger franchises in South Korea have sharply bumped up their food prices following the parliamentary elections last week as th...
Korea leads global online shopping trend for used luxury goods
South Koreans are leading the trend of buying used luxury goods online with top-end products such as Rolex watches and Hermes bags among the hottest...
Samsung Electronics stock likely to climb in Q2, analysts say
South Korean analysts have recommended investors buy Samsung Electronics Co. stocks as the world’s top memory chipmaker, which reported higher...
Nongshim Kellogg overtakes Dongsuh as Korea’s top cereal maker
Just a few years back, cereals meant cornflakes eaten with milk during busy mornings in South Korea.Nowadays, however, cereals mean granola made of ...
Korea’s Shinhan to invest $180 mn in India’s HDFC Credila
South Korea’s Shinhan Bank is set to invest $180 million in HDFC Credila Financial Services Ltd., India’s largest education loan provide...
Korea’s rate cut hope wanes with inflation above 3% in March
South Korea’s headline inflation stayed above 3% for two straight months in March on a surge in fruit and vegetable prices coupled with higher...
Korea yet to join global bond index for capital inflows
South Korea has so far failed to be included on a global major bond index, denting hopes for capital inflows into Asia’s fourth-largest econom...
Licensed casual apparel brands' luster fades in Korea
The fad for licensed casual fashion brands appears to be cooling in South Korea, where American sports clubs, broadcasting networks and documentary ...
LG Elec named best front-load washer in US
LG Electronics Inc. has dominated the top positions in the latest ratings for the best front-load washing machines conducted by Consumer Reports, a ...
JPMorgan Chase’s growth driver: offline community branches
NEW YORK -- Global banking giant JPMorgan Chase & Co. has been expanding brick-and-mortar branches across the US with investments of billions of...
Galaxy S24 Ultra named top phone in US
Samsung Electronics Co. 's latest flagship AI phone model the Galaxy S24 Ultra has secured the top position in the smartphone evaluation by the US C...
NPS to invest up to $8.2 bn in undervalued Korean stocks
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, is expected to invest up to 11 trillion won ($8.2 ...
Homegrown coffee chains emerge as strongest players in Korea
Competition in South Korea’s coffee market is intensifying with the rise of fast-growing local brands such as Mega Coffee and Compose Coffee, ...
S.Korea’s HD KSOE bags $1.1 bn order to build LNG carriers
South Korea’s top shipbuilder HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) said on Monday it has secured a $1.08 billion con...
Hyundai, Kia team up with KAIST on self-driving car sensor
Hyundai Motor Co. and Kia Corp., South Korea’s two largest automakers, have joined hands with the nation's top national research university to...
