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IMF official warns against S.Korea’s short-sale ban

IMF official warns against S.Korea’s short-sale ban

A senior official of the International Monetary Fund (IMF) on Thursday warned against the extended ban on stock short selling in South Korea, saying...

KDB mulls sale of HMM to POSCO

KDB mulls sale of HMM to POSCO

South Korea's state-run bank is considering selling HMM Co., the country's largest container line, to steelmaker POSCO as the shipping industry expe...

Kia delivers Q4 earnings surprise; operating profit hits all-time high

Kia delivers Q4 earnings surprise; operating profit hits all-time high

Kia Corp., South Korea’s second-largest automaker, on Wednesday posted a record quarterly operating profit on the back of strong sales of high...

Affiliates merge to become Kakao Entertainment; aim global

Affiliates merge to become Kakao Entertainment; aim global

South Korea’s leading mobile app operator Kakao Corp.’s affiliates are set to merge to become a new entity, Kakao Entertainment, heraldi...

LG hires Kim & Chang as advisor for mobile division sale

LG hires Kim & Chang as advisor for mobile division sale

LG Electronics Inc. has mandated South Korea’s largest law firm Kim & Chang as the legal advisor for its smartphone division sale, accor...

GM Korea to curb production as global chip shortages worsen

GM Korea to curb production as global chip shortages worsen

GM Korea Co., a subsidiary of US auto giant General Motors Co., is slashing production rates due to a component supply disruption, the latest sign t...

S.Korea's online fashion platform eyes global expansion

S.Korea's online fashion platform eyes global expansion

Online fashion platform Musinsa Co., a familiar name among Gen Zers and millennials in South Korea, is ready to go global. This month, the Korean co...

SK Innovation buys 13% stake in China’s EV battery-swap station operator

SK Innovation buys 13% stake in China’s EV battery-swap station operator

SK Innovation Co. has signed a deal to acquire a 13% stake in a Chinese electric vehicle battery-swap station operator, as the South Korean company ...

Kia to issue green notes as part of $500 mn global bonds for future mobility

Kia to issue green notes as part of $500 mn global bonds for future mobility

Kia Corp., a unit of Hyundai Motor Group, plans to issue green bonds in overseas markets to raise money for future mobility investments, including e...

POSCO may see Q1 operating profit reach $900 mn

POSCO may see Q1 operating profit reach $900 mn

South Korea's largest steelmaker POSCO may see its operating profit climb to the 1 trillion won ($906 million) range as domestic steel companies e...

Yogiyo sale gains steam as Baemin investors set for Q1 exit

Yogiyo sale gains steam as Baemin investors set for Q1 exit

Financial investors in South Korea's No. 1 food delivery app Baedal Minjok (Baemin) are set to exit in the first quarter of this year, closing t...

Top court rules in favor of Doosan Infracore; sale to Hyundai to proceed

Top court rules in favor of Doosan Infracore; sale to Hyundai to proceed

The sale process for Doosan Infracore Co. is gaining traction after it won a legal dispute with financial investors over a case involving the top So...

SK Hynix to issue $2.5 bn worth of global bonds; largest amount ever

SK Hynix to issue $2.5 bn worth of global bonds; largest amount ever

SK Hynix Inc. is planning to issue $2.5 billion worth of global bonds, the largest amount to be raised in a bond issue by a South Korean company, dr...

NPS divides global securities division into equity, fixed income

NPS divides global securities division into equity, fixed income

The National Pension Service has divided up its global public market division into Global Equity and Global Fixed Income divisions as part of a plan...

Hyundai, Kia rev up SUV sales in India amid pandemic lockdown

Hyundai, Kia rev up SUV sales in India amid pandemic lockdown

Hyundai Motor Co. and its sister firm Kia Motors Corp. are emerging as preferred sport-utility vehicle brands in India, as one in every two SUVs sol...

Japan’s JSR reaches out to Lotte, LG for sale of synthetic rubber business

Japan’s JSR reaches out to Lotte, LG for sale of synthetic rubber business

Japan’s JSR Corp. is reaching out to Korean chemical companies to dispose of its synthetic rubber business and focus instead on semiconductor ...

Korea Resources seeks sale of Australia coal mine to slash debt

 Korea Resources seeks sale of Australia coal mine to slash debt

Korea Resources Corp. is planning to sell its 82.25% stake in a coal mine in Australia, as part of efforts to cut its debt totaling 6.7 trillion won...

E-commerce giant eBay kicks off $4.6 bn sale of eBay Korea

E-commerce giant eBay kicks off $4.6 bn sale of eBay Korea

E-commerce giant eBay Inc. has officially kicked off the sale process of eBay Korea Co., valued up to 5 trillion won ($4.6 billion), with its sa...

Moderna deal shows Korea’s prowess as global hub for biopharma CMO

Moderna deal shows Korea’s prowess as global hub for biopharma CMO

South Korea is emerging as a global hub for the contract manufacturing of biopharmaceuticals following its latest deal to procure COVID-19 vaccines ...

S.Korea maintains global lead in shipbuilding industry

S.Korea maintains global lead in shipbuilding industry

Thanks to winning the most orders this year, South Korea’s shipbuilding industry has solidified its lead in the global shipbuilding market for...

D.CAMP eyes tech startups for global expansion

D.CAMP eyes tech startups for global expansion

D.CAMP, South Korea's largest non-profit foundation for startups, is on the lookout for domestic tech startups with the potential to go big in glo...

Hanjin Heavy set for sale to Dongbu-led consortium

Hanjin Heavy set for sale to Dongbu-led consortium

A South Korean consortium led by construction firm Dongbu Corp. has been picked as the preferred negotiator to buy a controlling stake in cash-strap...

Korea’s cloud management firm Bespin Global considers Nasdaq listing

Korea’s cloud management firm Bespin Global considers Nasdaq listing

Bespin Global, a South Korean cloud technology consulting and management company, is considering listing its shares on the US tech-heavy Nasdaq mark...

Neptune rises as dark horse in global game industry

Neptune rises as dark horse in global game industry

A South Korean game company is hoping to shake up the global game landscape with its latest title, Eternal Return: Black Survival, a PC game that ...

KDB seeks up to $1 bn global bond issue in mid-Jan

KDB seeks up to $1 bn global bond issue in mid-Jan

Korea Development Bank (KDB) is planning to raise between $500 million and $1 billion in a dollar bond sale in mid-January, set to become the first ...

Seoul shares tipped to benefit from global indices' China exclusions

Seoul shares tipped to benefit from global indices' China exclusions

Global index providers' recent decisions to remove Chinese companies from their benchmarks are expected to draw additional global and institutional ...

KB Investment, RM Global to form $100 mn bio VC fund

KB Investment, RM Global to form $100 mn bio VC fund

KB Investment Co. will join forces with US-based RM Global Partners to launch a $100 million life science fund to invest in early stage startups in ...

POBA seeks new global REIT manager for $100 mn mandate

POBA seeks new global REIT manager for $100 mn mandate

South Korea’s Public Officials Benefit Association (POBA) will select a new global real estate investment trust (REIT) management firm to inve...

Tax cuts, pandemic lift imported car sales in Korea

Tax cuts, pandemic lift imported car sales in Korea

Imported car sales in South Korea are on track to post a record high this year, benefiting from consumption tax cuts aimed at stimulating personal s...

Global NAND market in game of chicken as Samsung ups ante

Global NAND market in game of chicken as Samsung ups ante

Samsung Electronics Co. is upping the ante to extend its leadership in the memory chip sector with a vow to invest heavily in the NAND business next...

Is chip winter over? Doomsayers gone as Korea’s DRAM exports surge S.Korea to have 1st civilian defense minister in decades, tap career technocrats Fubon Bank expands Korea presence into banking Hana Asset launches ultra-low-fee Nasdaq 100 ETF Even barcodes copied: Counterfeits invasion threatens K-brands

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