Medytox-Hugel dispute over botox strain intensifies with ITC probe

Medytox-Hugel dispute over botox strain intensifies with ITC probe

A legal dispute over a botox strain between South Korean pharmaceutical company Medytox Inc. and its crosstown rival Hugel Inc. has intensified with...

Nongshim eyes top spot in global instant noodle market

Nongshim eyes top spot in global instant noodle market

South Korea’s No. 1 noodle maker Nongshim Co. is aiming for top place in the world’s instant noodle market, looking to beat the current ...

CJ ENM buys stake in US metaverse firm Hyperreal

CJ ENM buys stake in US metaverse firm Hyperreal

South Korean entertainment powerhouse CJ ENM Co. has acquired a minority stake in US metaverse entertainment and media firm Hyperreal Digital Inc., ...

Hyundai Electric's monthly orders hit record in April

Hyundai Electric's monthly orders hit record in April

Hyundai Electric & Energy Systems Co., an electric system spinoff from South Korean shipbuilding giant Hyundai Heavy Industries Co., said on May...

Korea contractor for TSMC, Airbus aims to top anodizing sector

Korea contractor for TSMC, Airbus aims to top anodizing sector

South Korea’s YKMC Inc., an integrated contract manufacturer for global companies such as Taiwan Semiconductor Manufacturing Co. (TSMC) and Ai...

Samsung Asset to list blockchain ETF on Hong Kong Exchange

Samsung Asset to list blockchain ETF on Hong Kong Exchange

Samsung Asset Management Co. is slated to list a blockchain exchange-traded fund on the Hong Kong Exchange (HKEX) in the first half of this year, th...

Doosan to supply key SMR equipment to US NuScale Power

Doosan to supply key SMR equipment to US NuScale Power

Doosan Enerbility Co., South Korea's major power plant builder, will participate in a nuclear power plant in the US as a key equipment supplier for ...

S.Korean accelerators FuturePlay and Bluepoint Partners rev up for IPOs

S.Korean accelerators FuturePlay and Bluepoint Partners rev up for IPOs

South Korea’s two well-known accelerators FuturePlay and Bluepoint Partners are preparing for initial public offerings, buoyed by record high ...

S.Korean boiler manufacturers turn to overseas markets

S.Korean boiler manufacturers turn to overseas markets

Kyungdong Navien Co. revealed on Sunday that overseas sales account for more than 60% of its total sales on the back of strong exports to the United...

Korea reiterates reform plans to join MSCI developed markets

Korea reiterates reform plans to join MSCI developed markets

South Korea’s Finance Minister Hong Nam-ki reiterated the country will take reform measures such as the extension of the local currency's trad...

Korean Air-Asiana deal girds for tough US challenge

Korean Air-Asiana deal girds for tough US challenge

The merger between South Korea's two largest air carriers – Korean Air Lines Co. Asiana Airlines Inc. – may face a tough challenge in th...

Golfzon County IPO poised to be another MBK success story

Golfzon County IPO poised to be another MBK success story

Golfzon County Co. is gearing up for an initial public offering, which will offer MBK Partners a chance to exit from its investment in South Korea&r...

Korea’s tough IPO review drives bio startup to Nasdaq

Korea’s tough IPO review drives bio startup to Nasdaq

A South Korean bio startup is aiming for a Nasdaq listing, deeming that the country’s exchange sets the bar too high for an initial public off...

CJ steps up US exports with new instant rice bowls

CJ steps up US exports with new instant rice bowls

South Korea's food and beverage giant CJ CheilJedang Corp. on April 21 began shipment of its new Hetbahn instant rice products for US consumers from...

LG Household acquires The Crème Shop for US expansion

LG Household acquires The Crème Shop for US expansion

LG Household & Health Care Ltd. has acquired a controlling stake in The Crème Shop Inc. as it seeks to expand its presence in the US beau...

Korea lawmakers confirm IMF veteran as new BOK chief

Korea lawmakers confirm IMF veteran as new BOK chief

South Korea’s lawmakers gave the nod to the nomination of veteran International Monetary Fund official Rhee Chang-yong as the country’s ...

NPS’ shareholder meeting vetoes cast pall on its profitability

NPS’ shareholder meeting vetoes cast pall on its profitability

National Pension Service (NPS) of South Korea, the world's third-largest pension fund with 948.7 trillion won ($768.9 billion) in assets under man...

One Store refiles IPO application, changing peer group list

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...

LIG Nex1 anti-tank missile in spotlight amid Ukraine war

LIG Nex1 anti-tank missile in spotlight amid Ukraine war

An anti-tank guided weapon produced by South Korean defense exporter LIG Nex1 Co. is in the spotlight as Ukraine said its forces destroyed Russian a...

Kia chooses Coupang as first partner for purpose-built vehicle rollout

Kia chooses Coupang as first partner for purpose-built vehicle rollout

Kia Corp., South Korea’s second-largest automaker, has chosen Coupang Inc. as its first partner for the production of a purpose-built vehicle ...

US and German startups funded by Mirae Asset join ranks of unicorns

US and German startups funded by Mirae Asset join ranks of unicorns

Mirae Asset Venture Investment Co. is forecast to rake in more than 400 billion won ($325 million) for its investment in Moloco Inc. Mirae As...

Korean Air’s stock lags US peers' on slow demand recovery

Korean Air’s stock lags US peers' on slow demand recovery

Korean Air Lines Co.’s stock is underperforming those of its US rivals on concerns that South Korea’s top carrier is unlikely to immedia...

Hyundai to build EVs at US plant; Electrified GV70 to roll out in Dec.

Hyundai to build EVs at US plant; Electrified GV70 to roll out in Dec.

NEW YORK – Hyundai Motor Co. is spending $300 million to add an electric vehicle production line to its manufacturing plant in Alabama as the ...

Lotte to end dawn delivery service where Coupang, Kurly lead

Lotte to end dawn delivery service where Coupang, Kurly lead

South Korea’s retail giant Lotte Group will cease dawn delivery services for fresh food from this weekend, two years after it jumped into the ...

Hyundai to tackle EV rivals head on at New York auto show

Hyundai to tackle EV rivals head on at New York auto show

NEW YORK – Hyundai Motor Co. and its affiliate Kia Corp. are set to fully unveil their redesigned vehicles at the upcoming New York Auto Show ...

Netmarble, NCSoft, Kakao, DoubleUGames on top publisher list

Netmarble, NCSoft, Kakao, DoubleUGames on top publisher list

South Korea’s major tech companies such as Netmarble Corp., NCSoft Corp., Kakao Corp. and DoubleUGames were selected among the world’s m...

Hanwha Solutions CEO meets with US blockchain VCs

Hanwha Solutions CEO meets with US blockchain VCs

President and co-CEO of Hanwha Solutions Corp. Kim Dong-kwan met with heads of major blockchain venture capital firms while visiting the United Stat...

E-Mart to join buyout of Korean meat importer

E-Mart to join buyout of Korean meat importer

E-Mart Inc., South Korea’s retail giant Shinsegae Inc.’s supermarket chain, is slated to participate in IGIS Investment Partner’s ...

US hedge fund urges SK to focus on share buybacks

US hedge fund urges SK to focus on share buybacks

US hedge fund Dalton Investments LLC has urged SK Inc., the holding company of South Korea’s SK Group, to focus more on share buybacks and can...

Mirae Asset Global REIT to raise $371 mn for US warehouses

Mirae Asset Global REIT to raise $371 mn for US warehouses

Mirae Asset Global Real Estate Investment Trust Co., a South Korean listed REIT under Mirae Asset Global Investments Co., is set to raise around 450...

South Korea’s Lee completes cabinet lineup with IT executive, lawmaker Hyundai Glovis charts new waters with world’s first AI-driven self-sailing car carrier fleet Korea’s game studios rebrand as AI tech firms, move into fashion, robotics, media Return of the K-pop queens: Blackpink, Twice power up YG, JYP Samsung to launch AI health coach beta in US by end-2025