POSCO emerges from pandemic blues with record third-quarter profit
South Korea’s largest steelmaker POSCO is returning even stronger from the pandemic-caused economic slowdown, with an all-time high quarterly ...
Digital transformation, a matter of life and death: Autodesk CEO
SILICON VALLEY – One of the things that have drastically changed the business environment in the pandemic era is the prevalence of companies t...
KIC advised to invest in Europe's residential market
Europe's residential real estate market has stronger growth potential than the US housing facilities, given the growing preference among millennials...
Time to invest in luxury hotels in Korea: JLL executive
The COVID-19 pandemic has been particularly hard on the hotel industry, exposing it as one of the most vulnerable to the crisis amid the global lock...
Digital stationery marketplace Webudding charms MZers
Stationery products such as planners, calendars and notepads have long been essential everyday items for busy people. And the stationery market has ...
Volatile raw material prices put Korea on alert for procurement
Volatile price changes in iron ore and non-ferrous metals such as lithium and nickel are keeping South Korean companies on their toes for procuremen...
Korean Air to retire all A380 jets over 5 years; B787 likely replacements
Korean Air Lines Co. (KAL) will retire its superjumbo fleet of 10 A380 passenger jets over the next five years, a move the South Korean flag carrier...
Affinity exits Hyundai Card, sells stake to Hyundai Commercial, Fubon
Affinity Equity Partners, a global private equity firm, and its financial partners have exited from their investment in Hyundai Card Co. by selling ...
NPS tilts toward top-tier PEFs during pandemic
The National Pension Service (NPS) has deepened its reliance on top-tier private equity firms during the prolonged pandemic situation, focusing on r...
Seoul property prices rise at world's fastest rate
The commercial real estate market in Seoul saw the fastest rate of price growth among all the gateway cities in the world over the past 12 months, w...
Rubber gloves make Korean petrochemical firms’ Q2 profit soar
South Korea’s leading petrochemical makers report their second-quarter sales and operating profit soared, boosted by strong sales of rubber gl...
Celltrion to enter clinical trials of new COVID-19 treatment
South Korean biosimilar maker Celltrion Inc. will launch the first-phase clinical trials of its new COVID-19 treatment candidate next month, followi...
Chip supercycle view revives with DRAM, NAND prices at multi-year highs
The contract prices of memory chip prices are hovering around multi-year high levels, fanning the view that the global semiconductor market is enter...
Samsung works on industry’s first 200-layer NAND as its Q2 profit jumps
Samsung Electronics Co. has made significant progress in developing a 200-layer vertical or V-NAND flash memory –the industry’s first &n...
Woowa Brothers launches last-mile indoor food delivery robot in Seoul
Woowa Brothers Corp., South Korea’s top food delivery app operator, has launched a last-mile indoor robot food delivery service, as people inc...
LG Chem challenges top latex player Kumho with aggressive expansion
South Korea’s top chemical maker LG Chem Ltd. has vowed to leapfrog crosstown rival Kumho Petrochemical Co. to become the world’s top la...
Korean shipbuilders baffled by steelmakers’ offer to hike prices by 64%
South Korea’s major steelmakers are demanding a sharp price hike for steel plates used in ships, adding to difficulties faced by domestic ship...
Delta coronavirus variant hits global stock markets
Global stock markets lost ground on mounting fears over the spread of the Delta coronavirus variant. Record-breaking US shares riding on the hopes...
POSCO returns from pandemic blues with record quarterly profit
South Korea’s largest steelmaker POSCO is emerging stronger from the pandemic-caused economic slowdown, with a record quarterly profit on robu...
Fed’s Powell, BOK chief to meet during G20 gathering
Federal Reserve Chair Jerome Powell and Bank of Korea (BOK) Governor Lee Ju-yeol will meet during a Group of 20 (G20) gathering of finance ministe...
COVID-19 blues? Pandemic makes SD Biosensor Korea’s top-grossing bio firm
Multinational biopharmaceutical companies have dominated the world’s diagnostics market for years. However, the coronavirus pandemic, which st...
Korea’s super-rich: How their wealth ballooned during the pandemic
In South Korea, just like any other major economies, the stock market has been a mine of gold even for small investors, who enjoyed hefty gains from...
Service marketplace Soomgo raises nearly $30 mn in Series C round
South Korea-based Brave Mobile Inc., the operator of service matching platform Soomgo, has secured 32 billion won ($28.6 million) in a Series C fund...
Bank of Korea governor flags rate hike as economy improves
South Korea’s central bank governor on Thursday flagged a possible policy rate hike before the end of the year as the domestic economy recover...
Korean firms emerge triumphant from pandemic with record Q1 profits
South Korean companies have posted their best-ever quarterly sales and operating profits, emerging from a year-long slump caused by the global COVID...
Howard Marks to talk about post-pandemic investments
Veteran value investor Howard Marks, Oaktree Capital Management co-founder and co-chairman, will give a keynote speech on the topic of "Investing in t...
Korean economy nears pre-pandemic level, prompts GDP upgrades
South Korea’s faster-than-expected economic growth in the first quarter is prompting analysts to raise their growth outlook for this year, wit...
Korean PEFs raise bets on pandemic-hit aircraft sector
The aviation industry, one of the hardest-hit sectors by the global pandemic, is now whetting the appetite of South Korean private equity firms whic...
Consulting firms enjoy boom as pandemic drives new business strategies
Slightly more than a year since the COVID-19 pandemic upended the business world, the role of management consultants has become important more than ...
Pandemic polarizes pay between tech and non-tech firms
Last year's expansion of contactless technologies and services has created a new salary gap among key industries and companies in South Korea. ...
