Lotte Duty Free to close COEX store in central Seoul

Lotte Duty Free, South Korea’s largest duty-free business operator, is closing one of its flagship stores in Seoul in the wake of the COVID-19...

Korea's small webtoon platforms eye global adult markets

South Korea’s smaller webtoon platforms are targeting the world’s digital adult comics market, in which industry leaders Naver Corp. and...

Kakao to focus on interest-based platform for global market

South Korea’s online platform giant Kakao Corp. plans to shift its focus to an interest-based platform from its existing acquaintance-based me...

F&B giant SPC Group acquires Lina’s to ramp up global expansion

South Korea’s food and beverage conglomerate SPC Group announced Tuesday it has acquired French casual coffee chain Lina’s Déve...

Hyundai Heavy, Glovis to make world's largest liquefied CO2 carrier

South Korea’s shipbuilding giant Hyundai Heavy Industries Group and shipping company Hyundai Glovis Co. have joined forces to develop the worl...

Hyundai revs up car output amid signs of easing auto chip crunch

As the global chip supply shortage shows signs of easing, South Korea’s top automaker Hyundai Motor Co. is working down its order backlog by...

[ASK 2022] Infrastructure benefits from inflation and population growth: Sera Global

 Infrastructure is stronger than ever amid the current macroeconomic risks, and investors will see greater opportunities in the ...

Dubai sovereign fund in talks with Global Sae-A to sell Ssangyong E&C

Dubai’s sovereign wealth fund is discussing the sale of Ssangyong Engineering & Construction Co. to a South Korean textile business group....

SKC to sell plastic film business to Hahn & Co. for $1.3 billion

SKC Ltd., the chemical materials unit of South Korea’s SK Group, is selling its plastic film business to private equity firm Hahn & Co. fo...

Korea top capsule maker expands Vietnam plant in global push

South Korea’s top capsule and functional food maker is expanding its plant in Vietnam to raise its presence in the world market with the goal ...

GEPS taps Samsung Life's alternative investment head as CIO

Government Employees Pension Service (GEPS) of South Korea has named Baek Joo-hyun, former alternative investment head at Samsung Life Insurance Co....

Venture capital heavyweights tighten belts after 13-year spending spree

Venture capital firms at home and abroad are tightening their belts, following growing concerns over inflation and continued interest hikes by maj...

Samsung further expands global TV market share in Q1

Samsung Electronics Co. further expanded its market share in the global TV market in the first quarter of this year, while LG Electronics Inc. deliv...

Hanwha Systems joins hands with Italy's Leonardo for radar exports

South Korea’s Hanwha Systems Co. joined forces with Italy’s major defense maker Leonardo SpA on exports of advanced aircraft radars to i...

Hyundai Marine sees huge potential in global data centers

Hyundai Marine & Fire Insurance Co. of South Korea is seeking investment opportunities for distressed and special situation strategies with a se...

Former NPS real estate chief named Allianz RE's Asia head

Kim Hyun-soo, a former real estate investment head of South Korea's National Pension Service (NPS), has been named Asia head of Allianz Real Estate,...

Kakao to merge US webtoon, web novel platforms

South Korea’s Kakao Entertainment Co. is set to merge Tapas Media Inc. and Radish Fiction Inc., its webtoon and mobile novel platforms in Nort...

Korea electronics retailers face headwind from e-commerce, dept. stores

South Korea’s major electronics retailers such as Lotte Himart are facing a headwind as more customers are buying home appliances online and d...

Volkswagen partner SoluM eyes top spot in global ESL market

SoluM Co., a South Korean mid-sized electronic component maker, is eyeing record performance this year, thanks to orders from Volkswagen AG and Elon...

Global experts to discuss alternative investment at ASK 2022

The Korea Economic Daily will host ASK 2022, or Alternative Investment Summit Korea 2022, at the Conrad Seoul hotel on May 18. More than 800 alterna...

Naver Webtoon to form JV with Japan’s TBS for original IP

Naver Webtoon Corp., the digital comics and novel platform of South Korea’s online portal giant Naver Corp., has agreed to set up a joint vent...

CJ ENM, Naver to launch drama studio joint venture in Japan

South Korean entertainment powerhouse CJ ENM Co. and online platform giant Naver Corp. are launching a drama production studio in Japan to tap into ...

SK Square taps NPS PE expert as global investment head

South Korea’s investment firm SK Square Co. announced on Thursday that it has chosen Harvey Hakjin Bae, a former alternative investment expert...

Samsung SDS takes smart logistics platform Cello Square to China

Samsung SDS Co., the information technology service unit of Samsung Group, is taking its smart logistics platform, Cello Square, to China to offer l...

One Store becomes fifth Korean IPO dropout this year

One Store Co., South Korea's homegrown app store, on Wednesday canceled its initial public offering on the Korea Exchange, after its shares failed t...

S.Korean CEOs chase M&A targets in same industry

Some 72% of South Korea's chief executives surveyed by consulting firm EY intend to carry out M&As within the next 12 months to increase their m...

SK E&S invests $110 million in world’s largest carbon capture project

SK E&S Co., the natural gas business unit of South Korea’s SK Group, is investing $110 million for a 10% stake in Summit Carbon Solutions ...

Korean app market One Store to venture into SE Asia

One Store Co., South Korea's homegrown app store, will venture into Taiwan and Southeast Asia within the year, aiming to crack Google and Apple's du...

MBK to further slim down Homeplus before exit

MBK Partners has put one of the large store buildings of South Korea's supermarket chain Homeplus up for sale as part of an ongoing effort to improv...

Samsung Elec. proposes global research for 6G frequencies

Samsung Electronics Co., South Korea’s tech behemoth, has put forward global research on 6G service frequencies as it aims to take the lead in...