Mid-sized Korean groups pave way for PEFs' stalled exits

Hoban Group, started as a small residential rental company in Gwangju in 1989, has now emerged as a major player in South Korea's M&A market, in...

LG enjoys record half-year earnings on TV, appliance in H1

LG Electronics Inc. posted record-high operating profit and revenue in the first half thanks to stella performance in TV and home appliance business...

Hyundai Motor, LG Energy to build $1.1 bn EV battery plant in Indonesia

Hyundai Motor Group and LG Energy Solution Ltd. will invest $1.1 billion in an electric vehicle (EV) battery cell factory in Indonesia to capture As...

Investors revalue E-Mart after owning two-thirds of Starbucks Korea

Shares of E-Mart Inc., South Korea’s largest retailer, are rallying after the company bought an extra stake in Starbucks Korea to control two-...

POBA commits $150 mn to Brookfield secondaries fund

South Korea's Public Officials Benefit Association (POBA) has ventured into the real estate secondaries market, committing $150 million to Brookfiel...

Shinsegae enters alternative meat market with own brand

South Korea’s retail conglomerate Shinsegae Group’s food affiliate Shinsegae Food Inc. has entered the fast-growing alternative meat mar...

CS Wind buys Portugal's offshore wind energy firm

CS Wind Corp., the global leader in the wind tower market, has agreed to buy a majority stake in Portugal's largest wind tower manufacturer ASM Indu...

Korea's sole AI chip designer takes on automotive chip market

South Korea-based semiconductor intellectual property provider Openedges Technology Inc. has come into the limelight with global automaker Hyundai M...

CJ Bibigo challenges kimchi leadership in Korea

CJ Cheiljedang Corp. may overtake Daesang Corp.’s leadership in Korea’s packaged kimchi market for the first time in history. According ...

Samsung to launch much-anticipated QD-OLED TV, expand MicroLED lines

Samsung Electronics Co., the world’s largest TV maker, will launch the much-anticipated QD-OLED TV in the first half of next year, while expan...

Korea’s heavy machinery makers continue strong performance in Q2

Korean construction and heavy equipment manufacturers have posted strong results in the second quarter, maintaining the trend of recovery from the f...

China, S.Korea top BofA's emerging markets list

South Korea was picked as one of the two most attractive emerging markets along with China thanks to the country's fast digitization and low vulnera...

Korean LCCs continue to face worst market conditions in 2021

Korea’s low-cost carriers (LCCs) are projected to post another period of financial loss in the second quarter of 2021.According to analyst est...

Samsung Galaxy boosts YouTube Music’s market share in Korea

YouTube is quickly growing in South Korea’s music market, the world’s sixth-largest. The number of YouTube Music’s monthly active ...

Samsung Heavy aims renewable energy markets with offshore wind floater

South Korea’s Samsung Heavy Industries Co. unveiled an offshore wind floater to branch out into renewable energy markets at home and abroad. ...

Samsung launches upgraded commercial MicroLED display The Wall

Samsung Electronics Co., the world’s largest TV maker, is launching an upgraded model of The Wall, a large-size modular MicroLED display produ...

Korea’s cash-rich firms issue more bonds amid low interest environment

Some of the most cash-abundant firms across different industries in South Korea are issuing large amounts of bonds to raise even more funds amid a l...

COVID-19 test kit supplier makes modest market debut

SD Biosensor Inc., the world's largest COVID-19 test kit seller, made a modest debut on the Korea Exchange on Friday, defying market expectations th...

Top industry talents launch AI chip startup; market takes note

South Korea-based artificial intelligence (AI) startup Rebellions Inc. is drawing industry attention as AI chips become mainstays of the semiconduct...

Samsung Next ramps up investment in NFT ventures

Samsung Electronics Co. is betting big on non-fungible token (NFT) companies through its venture capital unit Samsung Next, headquartered in Mountai...

Nongshim to launch Shin Ramyun fried noodles

South Korea’s top instant noodle maker Nongshim Co. is adding another product range under its world-famous Shin Ramyun brand: fried noodles. N...

Korea's first-generation retail platform Interpark up for sale

South Korea-based Interpark Corp., one of the country’s first-generation online retail platforms, is up for sale. According to the invest...

SK Hynix outplays Kioxia as world’s No.2 smartphone NAND flash maker

South Korea’s SK Hynix Inc. has clinched a surprise second spot in the world’s NAND flash market for smartphones. According to the marke...

Korean banks enter digital asset custody market in quick succession

Woori Financial Group has become South Korea’s third major banking group to enter the digital asset custody service (DACS) market, following K...

Delta coronavirus variant hits global stock markets

Global stock markets lost ground on mounting fears over the spread of the Delta coronavirus variant. Record-breaking US shares riding on the hopes...

Fed’s Powell, BOK chief to meet during G20 gathering

Federal Reserve Chair Jerome Powell and Bank of Korea (BOK) Governor Lee Ju-yeol will meet during a Group of 20 (G20) gathering of finance ministe...

Market Kurly makes U-turn to Korea Exchange IPO

Kurly Inc., the operator of South Korea's online grocery delivery service Market Kurly, has canceled a US listing plan to resume its domestic IPO pr...

Samsung’s LED business makes big global rebound

Samsung Electronics Co.’s light-emitting diode (LED) business, which was almost on the verge of a shutdown due to its sluggish performance, is...

POSCO Chemical to bolster EV presence with 60,000-ton cathode plant

POSCO Chemical Co. will invest 600 billion won ($523 million) from 2022 to build a cathode materials plant in Pohang city with an annual capacity of...

Spatial audio becomes keystone for metaverse; attracts content giants

Content giants are becoming increasingly interested in spatial audio technology, a keystone for the metaverse experience as it offers a 360-degree...