E-Mart's conundrum over changing shopping habits

E-Mart's conundrum over changing shopping habits

For middle-class families in South Korea, it has become a morning ritual to bring the boxes of fresh produce and daily necessities delivered overnig...

Dongwon to adjust merger ratio under pressure from retail investors

Dongwon to adjust merger ratio under pressure from retail investors

Dongwon Group, South Korea’s leading seafood and logistics conglomerate, is changing the merger ratio of its two major affiliates, accepting a...

MBK puts home decor firm Modern House on market

MBK puts home decor firm Modern House on market

MBK Partners has added South Korea's top home decor company Modern House to the list of assets it plans to exit this year, as domestic retail giants...

Korean shipyards jittery about $20 bn in Qatar LNG ship orders

Korean shipyards jittery about $20 bn in Qatar LNG ship orders

South Korea’s Big Three shipbuilders are on edge about their orders totaling $20 billion from QatarEnergy as the state-run company is refusing...

South Koreans turned off by luxury fashion houses’ price hikes 

South Koreans turned off by luxury fashion houses’ price hikes 

A Cartier boutique inside a department store in Seoul’s posh Gangnam District was unusually slow on Tuesday. The quiet ambience was in sh...

SK Shieldus drops IPO on lukewarm demand from investors

SK Shieldus drops IPO on lukewarm demand from investors

South Korean leading security services provider SK Shieldus Co. has scrapped its plan to go public this month. Its bookbuilding gained tepid investo...

Doosan Enerbility turns around with reform, new orders

Doosan Enerbility turns around with reform, new orders

South Korea's major power plant builder Doosan Enerbility Co. has significantly improved its financial health, with its debt-to-equity ratio tumblin...

LG Electronics receives ISO certification for auto chip technology

LG Electronics receives ISO certification for auto chip technology

LG Electronics Inc., a leading South Korean home appliance maker, has received ISO certification for its automotive chip development process, includ...

Two unopened ways Samsung Elec. bolsters share prices

Two unopened ways Samsung Elec. bolsters share prices

Samsung Electronics Co., South Korea’s largest company by market capitalization, has tried to boost its recently battered share price -- espec...

Korea’s new govt. aims to export 10 nuclear power plants

Korea’s new govt. aims to export 10 nuclear power plants

South Korea’s incoming administration seeks to export 10 nuclear power plants by 2030 as President-elect Yoon Suk-yeol pledged to rescind the ...

Korea April inflation hits 13-1/2-year peak; bond yields up

Korea April inflation hits 13-1/2-year peak; bond yields up

South Korea’s consumer prices in April rose at the fastest pace since the 2008-09 global financial crisis, reinforcing expectations of further...

Can Samsung Electronics ever catch up to foundry leader TSMC?

Can Samsung Electronics ever catch up to foundry leader TSMC?

For years, Samsung Electronics Co. has been touted as the backbone of the South Korean economy, Asia’s fourth-largest, under the government&rs...

Following Japan’s economic decline

Following Japan’s economic decline

When it comes to the economy, would it be faster for South Korea to surpass Japan or be surpassed by Taiwan?Recently, all eyes are on the three East...

Korean golf course price likely to set new record per hole

Korean golf course price likely to set new record per hole

The price of a public golf course in South Korea has surged 35% in one and a half years to set the highest per-hole selling price for a Korean golf ...

Yoon admin to launch special startup-support track 

Yoon admin to launch special startup-support track 

The incoming Yoon Suk-yeol administration will lend extra support to the startup ecosystem – biotech and artificial intelligence firms in part...

Samsung Heavy sells undelivered drillships to PEF

Samsung Heavy sells undelivered drillships to PEF

South Korea's Samsung Heavy Industries Co. has sold its four undelivered drillships to a domestic private equity fund for a combined 1.04 trillion w...

POSCO returns from pandemic blues with record quarterly profit

POSCO returns from pandemic blues with record quarterly profit

South Korea’s largest steelmaker POSCO is returning even stronger from the pandemic-caused economic slowdown, with an all-time high revenue an...

Telecom stocks bullish as foreigners' net purchases increase

Telecom stocks bullish as foreigners' net purchases increase

South Korea’s telecommunication stocks are getting a boost from foreign investors’ net purchases. Telecom shares, which are relatively...

Korea Dongkuk targets record profit on Brazil CSP’s brisk earnings

Korea Dongkuk targets record profit on Brazil CSP’s brisk earnings

Dongkuk Steel Mill Co., South Korea’s third-largest steelmaker, is expected to continue to benefit from the strong earnings of its Brazilian u...

Brokerages reap big gains as investor-cum-underwriters

Brokerages reap big gains as investor-cum-underwriters

South Korean brokerage companies have been criticized for inflating corporate value and IPO prices to boost their underwriting fees. Now they are un...

LG Energy Q1 profit beats forecast on strong demand, price hikes

LG Energy Q1 profit beats forecast on strong demand, price hikes

LG Energy Solution Ltd., the world’s second-largest electric vehicle battery maker, reported a lower-than-expected decline in quarterly profit...

Instant noodle stocks boosted by largest exports in March

Instant noodle stocks boosted by largest exports in March

South Korea’s instant noodle stocks, such as Ottogi Co., Nongshim Co. and Samyang Foods Co. are rebounding amid expectations of performance im...

S.Korea to scrap plans to sell Ambatovy mine stake

S.Korea to scrap plans to sell Ambatovy mine stake

President-elect Yoon Suk-yeol will scrap the outgoing government’s plan to sell off its stakes in loss-making overseas mines, including the Am...

Morgan Stanley PE closes first Korean buyout in 8 yrs

Morgan Stanley PE closes first Korean buyout in 8 yrs

Morgan Stanley Private Equity has acquired a South Korean dietary supplements maker Life & Bio Co., in its first Korean buyout deal in eight yea...

IPOs see low offering prices and declining returns in Q1

IPOs see low offering prices and declining returns in Q1

South Korea’s initial public offerings are seeing lackluster investor interest in bookbuildings this year. Drops in some recent public offerin...

Korea’s Q1 facility investment cut in half, spooked by macroeconomic risks

Korea’s Q1 facility investment cut in half, spooked by macroeconomic risks

South Korea’s major companies are drastically cutting their capital spending as heightened macroeconomic risks coupled with growing external u...

Total of 19 mn Bitcoins mined, pushing price upward 

Total of 19 mn Bitcoins mined, pushing price upward 

Bitcoin mining hit a 19 million milestone in recent days, leading to a jump in its price. Tokyo-based SBI Crypto Co., under the parent company ...

Korean manufacturers brace for higher emission costs

Korean manufacturers brace for higher emission costs

The increase in the price of carbon emission rights is dealing another blow to South Korean companies reeling from soaring raw materials and logisti...

Korea’s battery trio cornered by Chinese rivals’ overseas advance

Korea’s battery trio cornered by Chinese rivals’ overseas advance

China’s leading battery makers are actively advancing into overseas markets with plans to build manufacturing factories close to their clients...

Foreigners sell net $4 bn of shares in March, second only to Aug. 2021

Foreigners sell net $4 bn of shares in March, second only to Aug. 2021

Foreign investors in March sold a net 4.84 trillion won ($3.97 billion) worth of shares on South Korea's main bourse Kospi, their highest-ever mon...

LG links up with Chinese rivals for budget appliance supremacy Mercedes opens world’s 1st Maybach flagship center in Seoul Blackpink's new single Jump tops Spotify daily chart K-content goes cultural: KPop Demon Hunters sparks heritage K-goods craze POSCO supplies HIC-resistant steel for Aramco’s Fadhili gas plant