Private real estate debt shines on banks' financing gaps: Savills

More global investors are turning to the private debt market as bank loans are getting tougher under stricter lending regulations. Among a range of ...

3rd-gen. corporate succession in S.Korea slashes stake from 100% to 16%

South Korea's business sector is urging reform of the domestic inheritance tax system to alleviate problems in corporate succession, citing difficul...

S.Korea has just 1.2% of world's corporate unicorns: study

Among 10 major economies worldwide, South Korea's global share of unicorn companies, or startups with a corporate value of over $1 billion, has shru...

Lotte affiliates’ credit ratings downgraded all at once

The ratings of Lotte's subsidiaries have been downgraded en masse. Lotte Chemical Corp., the group's cash cow, was cut to AA from AA+.NICE Investors...

India rises as LG's cash cow under revised S.Korean tax laws

South Korea’s LG Electronics Inc. has received nearly 600 billion won ($470 million) in dividends from its overseas operations in the first qu...

Lotte Shopping to raise $785 mn from Korean banks for ESG push

Lotte Shopping Co., the retail arm of South Korea's fifth-largest conglomerate Lotte Group, will tap 1 trillion won ($784.4 million) from two of the...

S.Korea's KakaoBank to launch internet bank in Thailand

South Korea's KakaoBank Corp. has begun its advance into Southeast Asia through a tie-up with a financial company in Thailand. KakaoBank on Friday ...

Woori Bank Vietnam, Samsung Vina Insurance team up for bancassurance

South Korea's Woori Bank revealed on Thursday that its Vietnamese operation, Woori Bank Vietnam, has signed a property insurance business agreement ...

Goldman Sachs slashes Korean cathode stock targets; market ignores

Goldman Sachs Group Inc. has slashed the target prices of South Korean top cathode stocks, namely EcoPro BM Co. and POSCO Future M Co., by nearly ha...

Affinity Equity Partners’ Korea head Sam Lee resigns

Affinity Equity Partners’ Seoul office head Sam Lee has left the global investment firm, sources familiar with the matter told The Korea Econo...

Fifty Fifty label seeks investment from Silicon Valley

The South Korean label behind K-pop rookie sensation Fifty Fifty is looking to Silicon Valley for investment as the four-girl band, already with a l...

Hanmi Semiconductor sets up local corporation in Vietnam

South Korean chip equipment maker Hanmi Semiconductor Co. said on Wednesday that it has set up a local subsidiary, Hanmi Vietnam, in the Bac Ninh re...

DB Group, T&T Group sign agreement for business corporation

DB Group, South Korea's conglomerate, announced on Tuesday that it has signed a memorandum of understanding (MOU) for business collaboration with Vi...

Lotte to open Silicon Valley corporate venture capital unit

Lotte Group, a South Korean retail-to-chemical conglomerate, is set to launch a corporate venture capital (CVC) business in Silicon Valley, the glob...

Innocean joins top 10 brand marketing agencies in India

Innocean, a Hyundai Motor Group-affiliated advertising agency, announced on Wednesday that its Indian corporation has joined top 10 of local brand m...

Korea's loan delinquency rates soar; outlook to worsen in H2

South Korean banks are seeing loan delinquency rates surge due to the increase in lending during the pandemic and a series of rate hikes. The rates ...

Celltrion Healthcare launches Remsima SC in Brazil

South Korean biopharmaceutical company Celltrion Healthcare Co. revealed on Monday its introduction of Remsima SC, a treatment for autoimmune diseas...

S.Korea’s popular donut brand Knotted to enter US market

South Korean lifestyle hospitality startup Good Food For Good (GFFG) announced on Wednesday a strategic plan called "New GFFG 2.0." The plan aims to...

Private debt will offer both income and downside protection: ASK 2023

Global investors will find opportunities to increase positions in private debt markets amid high interest rates this year and need to strengthen their...

Mirae Asset Securities acquires European ETF market maker GHCO

Mirae Asset Securities UK, the UK corporation of South Korea's Mirae Asset Securities, announced on Monday that it has acquired GHCO, a market-makin...

S.Korea advised to slash corporate inheritance tax to 30%

South Korean entrepreneurs are imposed heavy inheritance taxes of up to 60% to hand down wealth to their children, the highest level among Organizat...

LS Electric targets Southeast Asian microgrid market

South Korea's LS Electric Co. will join hands with Thailand's second-largest company Siam Cement Group (SCG) to target the Southeast Asian market fo...

S.Korea to see 240K drop in number of manufacturing workers by 2032

The number of workers in South Korea's manufacturing sector is expected to drop by 240,000 over the next 10 years, a report says, caused by the decl...

Hyundai Rotem, Hana Bank to promote private railway project

Hyundai Rotem Co., a South Korean railway system maker under Hyundai Motor Group, announced on Monday that it has signed an infrastructure fund inve...

BOK chief says rate cut premature despite slower growth

South Korea’s central bank chief on Wednesday said it is too early to suggest starting to cut interest rates as inflation remains above its ta...

Korean retail investors net buy bonds at record $3.2 bn in April

South Korean individual investors flocked to the bond market with net purchases of 4.25 trillion won ($3.2 billion) in April, the highest record on ...

S.Korea’s SoluM joins Vietnam's largest EV charging project

SoluM Co., a South Korean mid-sized electronic component maker, said on Wednesday that it signed an agreement with PetroVietnam Power Corporation, a...

CG Bio establishes US corporation to develop tissue products

South Korean bio-regenerative medical firm CG Bio has launched a new US corporation CG MedTech, to focus on the development and marketing of tissue ...

KKR mulls investing $150 mn in Korean fashion platform Musinsa

Musinsa Co., South Korea’s leading online fashion platform, is in the final stage of attracting 200 billion won ($149.8 million) from US priva...

Dongwon Group to establishe new corporation for auto parts logistics

South Korea's Dongwon Group announced on Monday that it will launch a new corporation called "Next Lo Co." on May 1 to strengthen the competitivenes...