Cash-rich Nongshim pursues first-ever sizeable acquisition

Cash-rich Nongshim pursues first-ever sizeable acquisition

Nongshim Co., South Korea’s No. 1 instant noodle brand, is looking to buy a domestic food supplement maker for up to $50 million, which would ...

Korea inflation slows, but BOK may still hike interest rates

Korea inflation slows, but BOK may still hike interest rates

South Korea’s headline inflation eased in August for the first time in seven months on a slower rise in oil prices, but the central bank is st...

Korea resolution on US EV incentives passes parliament

Korea resolution on US EV incentives passes parliament

South Korea’s lawmakers on Thursday passed a resolution to officially express its concerns over the US Inflation Reduction Act (IRA) that remo...

Korea’s record trade deficit adds to downturn concerns

Korea’s record trade deficit adds to downturn concerns

South Korea logged a record monthly trade deficit in August with the longest spree of shortfalls in more than 14 years, while domestic consumption, ...

Samsung Electronics retains top TV vendor status in shrinking market

Samsung Electronics retains top TV vendor status in shrinking market

South Korea’s two home appliances giants – Samsung Electronics Co. and LG Electronics Inc. – dominated the global TV market in the...

Japan’s multifamily assets shine amid market volatility: Savills IM

Japan’s multifamily assets shine amid market volatility: Savills IM

Multifamily assets have been a key investment target due to their resilience amid economic volatility. Japan, with the largest real estate market in...

K-bio firms embrace gene therapy CDMO as Samsung looks the other way

K-bio firms embrace gene therapy CDMO as Samsung looks the other way

South Korea’s major biopharmaceutical companies are rapidly embracing the cell and gene therapy business under a contract drug-making mechanis...

Hanwha Aerospace, Hanwha Defense likely to merge

Hanwha Aerospace, Hanwha Defense likely to merge

Hanwha, the South Korean chemicals-to-financial conglomerate, has been a key player in the M&A market with a series of conspicuous acquisitions ...

SK, Naver to launch cloud services for Korean public institutions

SK, Naver to launch cloud services for Korean public institutions

South Korea’s leading cloud computing and software services providers are slated to join forces to launch a service for smart working in Korea...

Commercial real estate market in Seoul shrinks in H1 2022

Commercial real estate market in Seoul shrinks in H1 2022

The commercial real estate market in Seoul slowed this year, according to a report by South Korean online property platform RSquare. The sum of the ...

Korean exporters fret over looming labor strife at Long Beach, Hamburg

Korean exporters fret over looming labor strife at Long Beach, Hamburg

South Korea’s major companies are anxious about looming labor strife at the Port of Long Beach, California and strikes at German ports –...

Translink: Startup fundraising barely affected by economic downturn

 Translink: Startup fundraising barely affected by economic downturn

Venture capital, or the business of investing in innovative private companies with growth potential, is a local endeavor most of the time.While this...

Hyundai Mobis CEO runs for ISO president as first Korean candidate

Hyundai Mobis CEO runs for ISO president as first Korean candidate

Hyundai Mobis Co. CEO Cho Sung-hwan has registered as a candidate for the next presidential election of the International Organization for Standar...

LianBio teams with Korean MediRama to ease US biotechs' foray into Asia

LianBio teams with Korean MediRama to ease US biotechs' foray into Asia

  LianBio, a Nasdaq-listed biotechnology company, has joined hands with MediRama Co., a South Korean clinical development firm, to help promis...

Yoon, Biden highlight 'economic security alliance' following Samsung tour

Yoon, Biden highlight 'economic security alliance' following Samsung tour

South Korean President Yoon Suk-yeol and visiting US President Joe Biden emphasized the two countries' iron-clad commitment to economic security all...

South Korea’s new president offers Pyongyang economic aid for denuclearization

South Korea’s new president offers Pyongyang economic aid for denuclearization

SEOUL—South Korea’s new president said he would keep the door open for dialogue with North Korea and provide support for its fragile econo...

Samsung Electronics shares rebound as foreigners turn net buyers

Samsung Electronics shares rebound as foreigners turn net buyers

Shares of Samsung Electronics Co., the largest stock on South Korea’s main bourse, rose strongly on Friday, snapping a five-day losing streak,...

Following Japan’s economic decline

Following Japan’s economic decline

When it comes to the economy, would it be faster for South Korea to surpass Japan or be surpassed by Taiwan?Recently, all eyes are on the three East...

Cosmax strengthens eco-friendly marketing in Southeast Asia

Cosmax strengthens eco-friendly marketing in Southeast Asia

Cosmax Inc., a major South Korean original design manufacturer (ODM) for L'Oréal and other global cosmetics giants, is strengthening its ma...

South Korean conglomerates race to establish CVCs 

South Korean conglomerates race to establish CVCs 

One after another, South Korea’s household name conglomerates are establishing corporate venture capital (CVC) firms under their holding compa...

President-elect pledges to build S.Korea as 'pivotal' global power

President-elect pledges to build S.Korea as 'pivotal' global power

President-elect Yoon Suk-yeol pledges to build South Korea into what he dubs a global 'pivotal' power that contributes to freedom, peace, and prospe...

Korea GNI per capita at record on strong economic growth

Korea GNI per capita at record on strong economic growth

South Korea’s gross national income (GNI) per capita hit a record high last year on strong economic growth, as well as the firm won currency a...

Korea swings to trade surplus in Feb; Russia risks loom

Korea swings to trade surplus in Feb; Russia risks loom

South Korea logged a trade surplus in February on strong exports after deficits in the previous two months, the recovery remained fragile, given Rus...

Lotte Chemical to invest $502 mn in eco-friendly materials plants in Korea

Lotte Chemical to invest $502 mn in eco-friendly materials plants in Korea

South Korea’s Lotte Chemical Corp. is set to spend 602 billion won ($501.5 million) in building eco-friendly materials plants at one of its pe...

The Korea Economic Daily's index set for ETF market debut

The Korea Economic Daily's index set for ETF market debut

Exchange-traded funds (ETFs) have been solidifying their position in the investment market of Korea for the past years. Individual investors in Sout...

S. Korea's economic growth jumps to 11-year high

S. Korea's economic growth jumps to 11-year high

South Korea recorded 4% economic growth in 2021 – its highest jump in 11 years – according to the country’s central bank. The Ban...

S. Korean economy grows 4% in 2021

S. Korean economy grows 4% in 2021

. South Korea's economy is estimated to have grown 4 percent last year, the highest growth rate in 11 years, as consumption and exports bounced back...

Squid Game’s mega-hit spurs Netflix to release record K-content

Squid Game’s mega-hit spurs Netflix to release record K-content

Netflix Inc. plans to release 10 additional Korean-language originals this year as the smash success of Squid Game has impelled the world’s to...

Korea 2021 GNI per capita to top $35,000 to record high

Korea 2021 GNI per capita to top $35,000 to record high

South Korea’s gross national income (GNI) per capita is expected to surpass $35,000 to a record high this year on strong economic growth, surg...

Urea crisis lays bare South Korea’s heavy dependence on China

Urea crisis lays bare South Korea’s heavy dependence on China

The diesel exhaust fluid crisis hitting South Korea across various industries lays bare the supply chain vulnerability of the country, which has hea...

Shinsegae chair tapped to head Asian arm of pro-Trump Rockbridge S.Korea’s leading ERP player Douzone Bizon up for sale; EQT Partners in talks MSCI maintains S.Korea’s emerging-market status; level playing field required GEPS taps former KB Asset chief risk officer as new CIO Affinity Equity nets $220 mn from block sale of Shinhan Financial