Affinity's CJ Lee to become 3rd Korean executive to leave
Affinity Equity Partners’ founding member and Managing Partner Lee Chul-joo (CJ Lee) will resign from the Asia’s leading buyout manager,...
Lotte Tour's Jeju Island casino hits record revenue in July
South Korea’s Lotte Tour Development's Jeju-based casino saw record revenue in July thanks to an increased number of foreign tourists to the c...
S.Korea to fully open gov't R&D projects to foreign researchers
South Korea's Ministry of Trade, Industry and Energy on Wednesday said it will allocate 5 trillion won ($3.8 billion) of its R&D budget for exce...
42dot launches its first B2B self-driving shuttle service
42Dot, a self-driving technology affiliate of Hyundai Motor Group, on Tuesday said it launched a self-driving shuttle at Samsung Mobility Museum in ...
China sets up battery JVs with S.Korea to bypass IRA
Chinese battery materials suppliers are rushing to expand their production bases in South Korea, mainly in partnership with domestic companies.Such ...
Seoul mulls ‘treble damages’ for illegal K-content websites
The South Korean government and the ruling People Power Party are considering tripling punitive damages to illegal distributors of Korean entertainm...
Some 100 foreign housekeepers to enter S.Korea in 2023
About 100 Philippine housekeepers will come to work in South Korea this year under a pilot public project to raise the birth rate by reducing the ho...
Volvo tops S.Koreans’ favorite foreign car survey list for service
Sweden's Volvo offers the best after-sales service among imported automobile dealers in South Korea, while locals drivers are disappointed by the cu...
Hanwha to turn Seoul landmark into modern art hub
Standing 249 meters (817 feet) high, 63 SQUARE, well known as the 63 Building to older generations, was once the tallest building in Seoul until it ...
S.Korea in June sets post-COVID-19 monthly high in foreign visitors
The (South) Korea Tourism Organization (KTO) on Friday said 961,000 foreign visitors came to the country last month, a 321.9% jump from June last ye...
S.Korea’s men’s fashion platform Deps launches offline store
Deps, a men’s fashion platform launched by South Korean fashion brand incubator Hago L&F, is accelerating its market offensive through the...
Hyundai Motor Group, Seoul Univ. to jointly develop battery
Hyundai Motor Group opened a joint battery research center at Seoul National University, marking its full-fledged foray into next-generation battery...
KT invests over $11 mn in AI software company Moreh
South Korea's KT Corp. will invest 15 billion won ($11.6 million) in Moreh, a Seoul-based artificial intelligence (AI) infrastructure software compa...
Fabless FADU taps institutional demand to raise about $151 mn
FADU Technology, the first unicorn in South Korea’s semiconductor sector, has embarked on a process to raise up to 193.8 billion won ($151 mil...
EcoPro to log record-high foreign net purchases in July
South Korean battery materials maker EcoPro Co., the stock price of which has soared more than nine times on the junior bourse Kosdaq since Januar...
Hyundai E&C beats Q2 profit estimates on strong foreign deals
Hyundai Engineering & Construction Co., South Korea’s leading builder, reported better-than-expected profit in the second quarter thanks t...
Foreign carmakers hit by EV sales drop in S.Korea
Foreign carmakers such as Mercedes-Benz and Tesla Inc. suffered a sales drop in South Korea in the first half of the year, as overall car sales jump...
Samsung to open Galaxy Experience Spaces in seven cities
Samsung Electronics Co. announced on Tuesday that it will open the "Galaxy Experience Spaces" in seven cities spanning six countries. These spa...
S.Korea’s car exports hit H1 record high on brisk EV sales
South Korea’s automobile export value in the first six months of this year hit the highest-ever $35.7 billion for a half-year period, mainly d...
Lotte Department Store opens Louis Vuitton’s Take Over pop-up store
South Korea's Lotte Department Store announced on Friday that it operates a Louis Vuitton pop-up store in The Crown, located on the basement first...
Hanwha Solutions, SK D&D team up for hydrogen fuel cell, solar power
South Korea's Hanwha Solutions Corp. and SK D&D have signed a strategic memorandum of understanding (MOU) to jointly pursue hydrogen fuel cell...
S.Korea’s SKC seeks to sell fine ceramic business for $307 mn
SKC Ltd., a South Korean chemicals maker, is seeking to sell its fine ceramic business for an estimated 400 billion won ($307 million) as the unit o...
Dior to open Tears capsule collection pop-up store in Seoul
Dior will open a pop-up store in Seoul's Seongsu-dong to commemorate the launch of the "Dior Tears capsule collection."This collection was created t...
Korea logs current account surplus in May on brisk sales of goods
South Korea’s current account swung to the black in May from a deficit the prior month, thanks to a surplus in the goods account for the secon...
Singapore's CDL buys Nine Tree hotel in Seoul for $107 mn
Singapore-based major real estate firm City Developments Ltd. (CDL) has bought Nine Tree Premier Hotel Myeongdong II from South Korea’s Shinha...
Hanatour sees surge of package tourists in June
South Korea’s top travel agency Hanatour Service Inc. saw a dramatic 661% increase in package tourists in June from the previous year, recordi...
Japan sends most tourists to S.Korea in May: tourism body
Most visitors to South Korea last month were from Japan. The Korea Tourism Organization on Thursday said its tourism data found that the number...
S.Korea opens doors wider for skilled foreign workers
South Korea will raise the country’s visa quota for skilled foreign workers by 15 times from the previous level to ease chronic labor shortage...
Vestas to relocate Asia-Pacific HQ to Seoul in September
Denmark-based Vestas, the world's top wind turbine manufacturer, is set to move its Asia-Pacific regional headquarters from Singapore to South Korea...
Woori Bank to start legal, accounting advisory for firms entering Vietnam
South Korea's Woori Bank on Monday announced the opening of its comprehensive advisory service line for foreign direct investment (FDI) designed for...
