Zigbang completes Samsung SDS home IoT takeover
Zigbang, a South Korean proptech startup that provides real estate search and transaction services, has completed the acquisition of Samsung SDS Co....
Chips, forex gains shore up Samsung's Q2 earnings
Samsung Electronics Co.’s second-quarter earnings remained steady compared to three months before, with robust memory chip sales for data cent...
S.Korean defense firms receive $15 bn order from Poland
South Korea’s defense makers, namely Hyundai Rotem Co., Korea Aerospace Industries Ltd. (KAI), and Hanwha Defense Corp., clinched export dea...
Korean homegrown OTT platform Watcha up for sale
South Korea’s over-the-top (OTT) platform Watcha Inc. is in talks with some companies to sell off its shares, according to investment banking ...
SK to build first chip packaging plant in US with $22 bn investment
WASHINGTON DC – SK Group, South Korea’s second-largest conglomerate, said on Wednesday it will build its first memory chip packaging fac...
LG to benefit from global mid-sized OLED TV sales growth
Medium-sized organic light-emitting diode (OLED) TVs are in the spotlight in the global premium TV market, where consumers have preferred larger scr...
Kia posts record-high double-digit profit margin in second quarter
Kia Corp., South Korea’s largest automaker, said on Friday it posted its first-ever double-digit operating profit margin in the second quarter...
Korean Air, its white knight Naver close ranks in digital partnership
South Korea’s national flag carrier Korean Air Lines Co. and online platform giant Naver Corp. are expanding their business cooperation in dig...
POSCO Holdings Q2 profit down on higher raw material costs
POSCO Holdings Inc., the holding company of South Korea’s steel giant, reported a lower profit in the second quarter on rising raw material pr...
Hyundai Motor sees surprise Q3 after record quarterly sales, profit
South Korea’s top automaker Hyundai Motor Co. on Thursday posted its highest-ever quarterly sales and operating profit, driven by pricey sport...
IGIS, KKR to buy Shinhan Investment HQ for $487 mn
A consortium led by South Korea’s IGIS Asset Management Co. and US private equity giant KKR & Co. is set to acquire Shinhan Investment Cor...
Pfizer Korea HQ sale falls through on investors' tepid interest
South Korea’s GRE Partners Asset Management Co. a real estate investment firm, has recently suspended the selling process for Pfizer Pharmaceu...
Hyundai Elevator aims to more than double sales by 2030
CHUNGJU, North Chungcheong Province -- Hyundai Elevator Co., South Korea’s top elevator maker, aims to more than double its sales in the next ...
Naver executives’ treasury share sale may signal business slowdown
Executives at South Korea’s platform giant Naver Corp. are selling their shares in the company, an indication that the company’s busines...
Celltrion, Samsung Biologics eye record-high annual sales
South Korea’s two major biopharmaceutical companies, Celltrion Inc. and Samsung Biologics Co., are respectively expecting more than 2 trillion...
South Korea’s merch-producing platforms target influencers
Digital content creators in South Korea – YouTube partners, Tiktok creators and webtoon writers – are no longer relying solely on subscr...
Hyundai Motor raises N.America workforce, cuts China staff
Hyundai Motor Co., South Korea’s top automaker, ramped up its workforce in North America by more than 50% last year where its presence is grow...
CJ CheilJedang to rev up Korean food sales in Europe
South Korean food giant CJ CheilJedang Corp. is set to accelerate the expansion of its Korean food business in Europe. It aims to increase annual fo...
Ssangyong to raise Torres SUV output for turnaround
South Korea’s Ssangyong Motor Co. will ramp up the production of its new sport utility vehicle to meet strong demand, hoping the Torres will h...
POSCO sees battery materials sales double by 2030
South Korea’s POSCO Holdings Inc. expects sales of its rechargeable battery materials to more than double to 41 trillion won ($31 billion) by ...
Unison Capital puts Korea dental scanner maker up for sale
Unison Capital Inc., a middle-market focused private equity firm, put the world’s third-largest 3D dental scanner maker on the market. The dea...
Korean Aerospace Ind.'s shares soar on Poland export hopes
Korea Aerospace Industries Ltd. (KAI), South Korea’s military aircraft manufacturer, is emerging a winner in South Korea’s sagging stock...
Lotte Chemical, Bain Capital among bidders for Korea’s Iljin Materials
The much-touted sale of a controlling stake in Iljin Materials Co., a leading South Korean battery materials maker, is flagging as big spenders are ...
LG Magna to spend $78 mn on China capacity expansion
LG Magna e-Powertrain Co. will invest $78 million in its Chinese plant of electric vehicle parts to meet growing demand in the world’s largest...
SK Bioscience wins marketing license for Korea's first COVID-19 vaccine
South Korea’s SK Bioscience Co., a biopharmaceutical unit of SK Group, has won marketing authorization for its COVID-19 vaccine from the Minis...
SK Telecom expands system for self-driving in Seoul
SK Telecom Co., South Korea’s top mobile carrier, has expanded the area covered by the traffic control system for self-driving in Seoul, takin...
DeepBrain AI to bring back deceased loved ones – virtually
Perhaps we will soon not be remembering our loved ones only through photos.Imagine a virtual rendition of the deceased speaking at his or her memori...
K-beauty sales see sharp drop at China's major shopping event
South Korean cosmetics giants failed to win over Chinese consumers at the 618 Shopping Festival, one of the largest online annual shopping events in...
Lotte seeks to sell Pakistan arm for over 10 times return
South Korea’s Lotte Chemical Corp. has decided to put its entire stake in Pakistan-based LCPL up for sale, which may sell for up to 210 billio...
Golf simulation centers' revenue soars 48% on-year
Even amid the COVID-19 pandemic, sectors serving golf enthusiasts have thrived in South Korea.Financial services company BC Card analyzed the sales ...
