POSCO plans to cancel treasury shares in its holding firm

POSCO plans to cancel treasury shares in its holding firm

Top management of South Korea's POSCO Co. has decided to cancel treasury shares in its to-be-launched holding company, in an effort to win sharehold...

LG welcomes Samsung’s likely re-entry into OLED TV market

LG welcomes Samsung’s likely re-entry into OLED TV market

Samsung Electronics Co.'s expected re-entry into the OLED TV market will further expand the growing segment, which is gaining popularity in the...

Time to buy Korean chipmakers; Samsung among 2022 top picks

Time to buy Korean chipmakers; Samsung among 2022 top picks

The year of the tiger will see decent stock price gains in leading chipmakers such as Samsung Electronics Co. and SK Hynix Inc. on expected hypersca...

LG Energy to heat up Korea’s record IPO market in 2022

LG Energy to heat up Korea’s record IPO market in 2022

South Korea’s initial public offering market is expected to set a record in 2022, heating up from the start of the year as LG Energy Solution ...

Foreigners’ Korean stockholdings soar 180-fold in 30 years

Foreigners’ Korean stockholdings soar 180-fold in 30 years

Foreign investors ramped up their holdings of South Korean stocks 180 times in 30 years, increasing influence in the local financial markets and dom...

Howard Marks says should stay in the market now

Howard Marks says should stay in the market now

NEW YORK -- US stock markets remain high but their prices seem reasonable at the current level of interest rates near historic lows, said Oaktree Ca...

Netmarble joins P2E market with ITAM takeover

Netmarble joins P2E market with ITAM takeover

Netmarble Corp. is in discussion with blockchain gaming and NFT platform ITAM Games for a merger and acquisition deal. The move signals Korea's larg...

LG Display reveals 30% brighter OLED EX

LG Display reveals 30% brighter OLED EX

LG Display Co. revealed a 30% brighter OLED panel during Wednesday’s press event. During the media event held in Seoul’s LG Science...

FTC announces conditions for Korean Air, Asiana merger

FTC announces conditions for Korean Air, Asiana merger

South Korea’s antitrust regulator the Fair Trade Commission (FTC) has decided on conditional approval for Korean Air Lines Co.‘s 1.8 tri...

Samsung cuts NAND output in Xian on COVID-19 lockdown

Samsung cuts NAND output in Xian on COVID-19 lockdown

Samsung Electronics Co., the world’s largest NAND flash memory chipmaker, said on Wednesday it is adjusting operations at its manufacturing fa...

Telecom giant KT to develop its own NPU, AI ecosystem

Telecom giant KT to develop its own NPU, AI ecosystem

Telecommunications giant KT Corp. announced concrete plans to launch its artificial intelligence infrastructure business by joining forces with indu...

Kosdaq: Perennial bush league as blue chips favor Kospi

Kosdaq: Perennial bush league as blue chips favor Kospi

South Korea’s tech-heavy Kosdaq market has been underperforming the main Kospi market for a couple of decades, raising concerns that the junio...

Korea’s IPO market renews record highs

 Korea’s IPO market renews record highs

South Korea’s initial public offering market continues to rewrite history this year. More than 20 million people have participated in the...

Coupang’s share price rebounds as market digests lockup release

Coupang’s share price rebounds as market digests lockup release

Shares of Coupang Inc., widely seen as the South Korean version of global e-commerce giant Amazon.com, are staging a rebound as the market is grad...

Diageo sells whisky business to Bayside-led consortium for $194 mn

Diageo sells whisky business to Bayside-led consortium for $194 mn

Diageo Korea Co., London-headquartered multinational beverage alcohol company Diageo plc’s Korean affiliate and the biggest whisky importer in...

SK Bioscience to sell Novavax COVID-19 vaccine in Thailand, Vietnam

SK Bioscience to sell Novavax COVID-19 vaccine in Thailand, Vietnam

SK Bioscience Co., a biopharmaceutical unit of South Korea’s SK Group, said on Friday it has acquired non-exclusive rights to sell US-based No...

Hyundai Motor closes engine development division

Hyundai Motor closes engine development division

Hyundai Motor Group, South Korea’s top automaker, will stop developing new internal combustion engines in order to accelerate its transformati...

IGIS acquires US multifamily property for $262 mn

IGIS acquires US multifamily property for $262 mn

IGIS Asset Management Co., South Korea’s largest real estate asset manager, has purchased a multifamily asset in Alexandria, Virginia, throu...

SK Hynix wins China’s approval for $9 billion Intel NAND acquisition

SK Hynix wins China’s approval for $9 billion Intel NAND acquisition

SK Hynix Inc. has received approval from China’s antitrust regulator for its $9 billion deal to acquire Intel Corp.’s NAND memory chip b...

KEPCO to develop subsea transmission for ADNOC

KEPCO to develop subsea transmission for ADNOC

Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi National Energy Company PJSC (TAQA) awarded a $3.6 billion contract to a consortium led by Kore...

Indian startups: Korean VCs' new target after China

Indian startups: Korean VCs' new target after China

South Korean venture capital firms and online giants are flocking to startups in India, a country with the world's second-largest population and low...

Coupang embraces affordable fashion industry

Coupang embraces affordable fashion industry

Korea’s e-commerce giant Coupang is looking to tap into the country’s mid-range fashion market. The company is now reversing the ...

WeMade buys $100 mn stake in social casino game developer

WeMade buys $100 mn stake in social casino game developer

WeMade Co., a pioneer in South Korea's play-to-earn (P2E) game industry, has agreed to buy a controlling stake in smaller rival SundayToz Corp., bet...

Korea's gaming industry turns to blockchain, unwavered by Seoul’s policy

Korea's gaming industry turns to blockchain, unwavered by Seoul’s policy

Come next year, Korea’s online game developers are poised to release a number of games on blockchain platforms.The companies have lined up the...

Money moves back to safe assets in Korea amid rising interest rates

Money moves back to safe assets in Korea amid rising interest rates

With stock and cryptocurrency fevers subsiding amid a monetary tightening bias, South Koreans are moving their money back to safe assets, as banks s...

Samsung Elec launches dedicated team for China

Samsung Elec launches dedicated team for China

Samsung Electronics Co., South Korea’s top tech giant, has established a dedicated team for the Chinese market, where its smartphone and home ...

Hyundai Motor reshuffles overseas units to deal with changing markets

Hyundai Motor reshuffles overseas units to deal with changing markets

Hyundai Motor Co., South Korea’s top automaker, has reorganized its overseas units, reducing the number of business sectors to five from nine,...

SK to co-invest $50 mn in US-based Fulcrum BioEnergy

SK to co-invest $50 mn in US-based Fulcrum BioEnergy

South Korea's SK Inc. on Thursday said it would co-invest $50 million in the US-based Fulcrum BioEnergy with a domestic private equity fund, in a bi...

Korea’s No. 2 art auction house to go public in Jan

Korea’s No. 2 art auction house to go public in Jan

K Auction, South Korea’s No. 2 art auction house, is set to go public in January 2022 as it aims to court the domestic leader Seoul Auction Co...

Starbucks Korea secures No.1 spot in crowded market

Starbucks Korea secures No.1 spot in crowded market

Starbucks Korea's sales are on course to exceed 2 trillion won ($1.7 billion) this year, the largest-ever annual revenue for a coffee franchise oper...

S.Korea’s extra budget approved; IBs lift economic forecast BTS’ Suga, MLB star Chan Ho Park to join Oakland Athletics as shareholders Celltrion secures $730 mn to buy biosimilar unit shares, pursue M&A Korean commercial act revision to drive reevaluation of equities: J.P. Morgan S.Korea to elevate science minister to deputy prime minister to lead in AI race