S.Korea’s ruling party gears up for won-based stablecoin legislation

South Korea’s push to launch won-based stablecoins is taking shape as the ruling Democratic Party unveiled proposed legislation to promote cry...

TPG’s sale of cosmetics packaging specialist Samhwa to KKR: A textbook turnaround story

Global private equity firm TPG has struck one of this year’s standout mid-cap deals in South Korea, selling Samhwa Co., a cosmetics packaging ...

Test case looms for Korea’s revised Commercial Act as VIP Asset challenges Lotte Rental’s rights issue to Affinity

Lotte Rental Co., South Korea’s No. 1 car rental and leasing company, is facing a backlash from a key minority shareholder over its planned ri...

S.Korea’s extra budget approved; IBs lift economic forecast

South Korea’s National Assembly, controlled by the ruling Democratic Party, on Friday passed the country’s new extra budget worth 31.8 t...

South Korea accelerates stablecoin framework amid global race

Just one week after electing President Lee Jae-myung, an apparent backer of stablecoin adoption, South Korea is swiftly moving to clear the path for...

Lee vows policy overhaul to spur dividend payouts

South Korean President Lee Jae-myung said on Wednesday that the government is preparing tax and regulatory reforms to spur dividend payouts as part ...

Shinhan REITs picked as sole bidder for BNK Digital Tower

Shinhan REITs Management is expected to acquire BNK Digital Tower, an office building in the affluent neighborhood of Gangnam in southern Seoul, aft...

Winia cancels acquisition deal with Seoul Private Equity

Winia Co., a South Korean home appliance manufacturer under court-led restructuring, has terminated its conditional acquisition agreement with Seoul...

Hyundai Rotem inks $1.5 bn Morocco train supply deal

South Korea’s Hyundai Rotem Co. said on Wednesday it has won a 2.2 trillion won ($1.5 billion) train order from Morocco, the biggest single de...

HMM seeks to acquire parts of SK Shipping for $1.4 bn from Hahn & Co.

HMM Co., South Korea’s largest ocean carrier, is seeking to buy SK Shipping Co., excluding its liquefied natural gas (LNG) transportation busi...

HD Hyundai, Hanwha to tap into $242 billion US Navy warship market

South Korea’s two warship builders – HD Hyundai Heavy Industries Co. and Hanwha Ocean Co., – are set to ride tailwinds in their bi...

POSCO Holdings unveils aggressive value-up plan, hike in cash dividends

South Korea’s steel-to-battery materials conglomerate POSCO Group on Monday unveiled a spate of corporate value-up measures, including a highe...

Celltrion to allot cash, stock dividend at once

South Korea’s biosimilar maker Celltrion Inc. on Friday announced a plan to allot cash and stock dividends simultaneously. The company wi...

Kia vows to drastically raise shareholder returns, hike EV, hybrid sales

Kia Corp., South Korea’s second-largest automaker, plans to drastically raise its shareholder return rates to bolster shareholder value. The c...

Must Asset calls on Young Poong to take steps to boost shareholder value

South Korea’s Young Poong Corp., embroiled in a fierce management control dispute with Korea Zinc Inc., is now the target of an activist fund ...

Korea Zinc chair hatches plan to maintain management control

Korea Zinc Inc. Chair Choi Yun-birm said on Sunday he has a strategy for defending management control of the world’s top zinc and lead smelter...

KB Financial to use excess capital for share buybacks, dividends

KB Financial Group Inc., South Korea’s largest financial holding group, is set to use its excess capital for share buybacks and dividends next...

Big Tech get slap on wrist for tax avoidance in Korea

Global Big Tech companies such as Google, Meta and Netflix have paid a pittance in South Korea taxes and were fined as little as one-ten-thousandth ...

Flashlight Capital offers to buy KT&G’s ginseng business for $1.4 billion

Singapore-based investment management firm Flashlight Capital Partners Pte. (FCP) has offered to buy South Korean tobacco maker KT&G Corp.'s gin...

KEPCO, Burns & McDonnell to cooperate on power grid projects

Korea Electric Power Corp. (KEPCO), the South Korean state-run utility company, said on Tuesday that it signed a cooperation agreement for the joint...

Orion seeks M&As, facility expansion with dividends from China, Vietnam

Orion Holdings Corp., a leading South Korean confectionery and snack maker, has been active in overseas markets for decades, particularly in China a...

Hanwha REIT to buy Hanwha Group office building for $584 mn

Hanwha REIT Co., a real estate investment arm of South Korea’s No. 7 conglomerate Hanwha Group, said on Monday that it is poised to acquire th...

Young Korean investors choose monthly dividend ETFs over crypto

For decades, investments in financial products that promise decent dividend payouts such as high-dividend stocks have been associated with elderly i...

Meritz to return 50% of net profit to shareholders

Meritz Financial Group Inc. became the first South Korean financial holding company to unveil a concrete shareholder return plan, pledging to alloca...

Mirae Asset's US dividend premium fund surpasses $72 mn in net assets

South Korea's Mirae Asset Global Investments Co. announced on Tuesday that the net assets of its Mirae Asset US Dividend Premium Fund, which invests...

Korea may mandate pension plans for all workplaces from 2025

South Korea is seeking to introduce corporate pension plans to all workplaces in stages starting next year, alongside mandatory contributions to the...

S.Korea’s current account swings to deficit on higher dividend payouts

South Korea logged a current account deficit in April, ending a streak of surpluses for the past 11 months, on seasonal factors such as increased di...

HYBE offers to sell $62 mn SM Entertainment shares

HYBE Co., the company behind global sensations BTS and NewJeans, has offered to sell some of its shares in K-pop pioneer SM Entertainment Co. in a b...

Korea Inc. nearly triples dividend payments in decade

Cash dividend payments by companies listed on the Korea Exchange, the country's main bourse, have nearly tripled in a decade. They have returned a l...

Korea Inc. ups dividend payouts despite falling net income

South Korean companies listed on the main bourse Kospi raised their dividend payouts between 2021 and 2023 despite falling net income in the same pe...