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...

Yanolja looks to triple foreign visitors to Korea with K-culture tours

South Korea’s top travel and accommodation platform Yanolja Co. aims to nearly treble the number of foreign tourists to the country through it...

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...

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 ...

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...

UAE to find $2 bn investment opportunities in S.Korea

The United Arab Emirates (UAE) is reviewing $2 billion worth of investment project in South Korea, such energy and information communications techno...

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...

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...

CJ’s K-culture event draws record-high numbers in Japan

CHIBA, JAPAN – A global K-pop concert hosted by CJ ENM Co., a South Korean entertainment powerhouse, heated up the venue in Japan with an audi...

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...

LS Group opens LS Dream Center in Hanoi for Korean-Vietnamese families

South Korea's LS Group said on Thursday that it has partnered with a domestic non-government organization (NGO) Cooperation and Participation in Ove...

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 ...

Netflix to inject $2.5 bn in Korean drama series, movies over next 4 years

WASHINGTON, D.C. –  US streaming giant Netflix is slated to invest $2.5 billion in South Korea over the next four years to boost its cont...

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...

POSCO International to transform into green company by 2030

POSCO International Corp., the general trading and energy exploration unit of South Korea’s steel giant POSCO Holdings Inc., on Thursday unvei...

LS Group' corporate value soars as EV battery market grows

LS Corp., a holding company of South Korea's LS Group, has seen its enterprise value swell by nearly 1 trillion won ($760 million) over the past yea...

S.Korean corporate investment in Vietnam plunges 70% in first quarter

South Korean corporate investment in Vietnam, which has led the economic development of the Southeast Asian nation, has plunged this year due to fac...

KOGAS, JERA of Japan agree to jointly purchase LNG

South Korea's state-run Korea Gas Corp. (KOGAS) has joined hands with JERA, a Japan-based global liquefied natural gas (LNG) corporation, in the wak...

LG H&H hosts Korean Royal Court Culture event with Four Seasons Seoul

South Korea's major consumer goods company LG H&H Co. announced on Thursday that its cosmetics brand, The History of Whoo, hosts an event called...

Energy storage devices firm LS Materials launches IPO process

South Korea’s energy storage devices maker LS Materials Co. began the process for an initial public offering later this year as it aims to dev...

Lotte Shopping: Resurrected in Indonesia after death in China

JAKARTA – On a hot spring day in March, Lotte Mart’s Gandaria City Mall hypermarket was as bustling with shopping Indonesians as usual.I...