BOK takes 25-bp rate hike as won rebounds against dollar

South Korea’s central bank raised the base interest rate by 25 basis points to 3.25% during its monetary policy board meeting on Nov. 24, slow...

Korea to revise dividend policy to ease ‘Korea discount’ concerns

South Korea plans to revise its stock dividend policy as part of a broader financial market reform to help attract foreign investors and obtain MSCI...

Samsung, LG make over two-thirds of premium TVs sold worldwide

More than three in five premium TVs sold worldwide are made by either Samsung Electronics Co. or LG Electronics Inc. – a decent feat that help...

Lotte to replace construction unit CEO due to liquidity crisis

Lotte Group will replace the head of its construction unit, hit by a liquidity crisis stemming from project financing, to ease investor concerns ove...

KEPCO turns from bonds to banks for money on govt plans

Korea Electric Power Corp. (KEPCO) is set to raise 600 billion won ($442 million) from a local bank in a plan to seek loans to secure money instead ...

D.Day X D.Camp All Star event aims to narrow gap between VC and startup

Come this Thursday, D.Camp operated by the Banks Foundation for Young Entrepreneurs will host the biggest demo day of the year, in collaboration wit...

Vertu, Motorola, Xiaomi eye Korean smartphone market as LG exits

South Korea’s smartphone market is notoriously hard for foreign mobile phone makers to crack. So hard that some people call it the “grav...

Daol Investment seeks to sell Thai subsidiary, eyes $75 mn in proceeds

South Korea’s Daol Investment & Securities Co. plans to sell a controlling stake in its Thai subsidiary, Daol Thailand PCL, as part of its...

Korean startup CEOs’ ethical scandals emerge as major risk factor

Several South Korean startups have recently been hit hard by their CEOs’ unethical behavior and business-related misconduct, leading to a lo...

Hyundai Glovis joins hands with Lion Group to move into Malaysian logistics market (edited)

Hyundai Glovis will enter the Southeast Asian logistics market in partnership with a large Malaysian company. The company, Hyundai Motor Group's log...

Hyundai Glovis, Malaysia’s Lion Group to enter ASEAN logistics market

Hyundai Glovis Co., the logistics unit of South Korea’s Hyundai Motor Group, said on Wednesday it has signed an initial agreement with Malaysi...

Hyundai launches fully revamped Grandeur; pre-orders jump

South Korean automaker Hyundai Motor Co. has unveiled a new Grandeur sedan – the first fully revamped model in six years – to strengthen...

South Korean burger franchise Lotteria looks to the US for expansion

South Korea’s fast food franchise Lotteria is planning to enter the United States, home to the world’s best-known burger franchises.&nbs...

Hyundai Motor, Indonesia to jointly enter ASEAN air mobility market

South Korea’s top automaker Hyundai Motor Group and Indonesia’s Nusantara Capital City Authority have agreed to jointly enter the Southe...

Danggeun Market launches professional advertising solution

South Korean startup Danggeun Market, the operator of the country’s largest neighborhood marketplace app Karrot, is ramping up efforts to incr...

Korean retail brand F&F’s Chinese sales seen above $800 million

South Korean outdoor clothing retailer F&F Co. is expected to post 1.1 trillion won ($807 million) in sales revenue in China this year, emerging...

US water treatment juggernaut Culligan eyes Chungho Nais stake

Culligan, the biggest water treatment company in the United States, is set to become a major shareholder in South Korean water purifier rental firm ...

E-book platform Millie's Library drops IPO plan on tepid market interest

South Korean e-book platform Millie’s Library dropped its listing plan on Nov. 8 due to tepid demand from institutional investors, marking the...

NCSOFT invests $15 million in blockchain company Mysten Labs

NCSOFT Corp., which announced early this year plans to install non-fungible token (NFT) technology in the global version of its online role-playing ...

Microsoft CEO Nadella to speak at developers' forum in Seoul

Microsoft Korea said on Tuesday that it will host Microsoft Ignite Spotlight on Korea, an annual conference for developers and IT professionals, on ...

Korean life insurer eases bond market woes with buyback

A South Korean small insurer will buy back dollar perpetual bonds as scheduled, reversing its earlier decision not to recall the notes, to ease conc...

Korea's kimchi maker Daesang to build factory in Europe

South Korea's Daesang Corp. plans to build a kimchi factory in Poland as an outpost for entering the European market, where Korean food is hotter th...

Aekyung Chemical develops 1st domestically made refrigeration lubricant

Korea's Aekyung Chemical, an affiliate of Aekyung Group, along with GS Caltex, has made the nation's first localized refrigeration lubricant in line...

Samsung to only use Qualcomm’s AP for Galaxy S23 series

Samsung Electronics Co. is poised to release the Galaxy S23 series smartphones in mid-February, those familiar with the development told The Korea E...

Samsung Biologics in CDO deal talks with global pharma firm

FRANKFURT – Samsung Biologics Co., the world’s largest contract drugmaker, is in talks to develop medicines for a global pharmaceutical ...

S.Korea's shipbuilding order volume to plummet next year: report

South Korea's shipbuilders fear seeing their orders next year plummet by over 40% on-year due to disruptions in related financing amid surging inter...

S.Korea's LS Cable to become KT Submarine's largest shareholder

South Korea’s leading cable manufacturer LS Cable & System Ltd. is poised to become the largest shareholder of undersea cable construction...

[ASK 2022] Unlocking Value in European Mid-Market Infrastructure

Infracapital invests in, builds and manages a diverse range of essential infrastructure to meet the changing needs of society and support long-te...

SK On may secure money for capex from parent company

SK On Co., the world’s fifth-largest electric battery maker, may receive money for capacity expansion from its parent company SK Innovation Co...

Korea's premium pet food market sees rapid growth

Korea's pet food market is getting more sophisticated, with brands appearing whose products are even more expensive than food for humans despite hav...