jeju air market share top korea
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Shareholder value
SK Square to buy back $72 mn shares amid Palliser's value-up push
SK Square Co., the investment arm of South Korea’s No. 2 conglomerate SK Group, announced shareholder-friendly measures on Thursday, in respon...
Nov 21, 2024 (Gmt+09:00)
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Bio & Pharma
Celltrion to acquire additional $72 mn in treasury shares
South Korea's Celltrion Inc. announced on Thursday that it decided to repurchase additional treasury shares worth 100 billion won ($71.6 million).Fr...
Nov 21, 2024 (Gmt+09:00)
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Korean startups
Bering Lab eyes 7-fold jump in revenue in 5 years
Bering Lab Inc., a South Korea-based artificial intelligence technology-powered translation startup with specialties in legal, financial and intelle...
Nov 21, 2024 (Gmt+09:00)
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Energy
S.Korean firms bet big on US LNG market under new Trump gov't
South Korean energy and shipbuilding companies are gearing up for a swift advance into the US liquefied natural gas (LNG) market, which is expected ...
Nov 20, 2024 (Gmt+09:00)
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Business & Politics
Korea mulls raising US oil imports to cope with Trump trade policies
South Korea, the world’s fourth-largest oil importer, is considering increasing US oil imports to ease potential pressure from President-elect...
Nov 20, 2024 (Gmt+09:00)
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Bio & Pharma
Samsung Biologics wins $668 million CDMO deal with European pharma
Samsung Biologics Co., the world’s largest contract drugmaker, said on Wednesday it has signed two drug manufacturing contracts worth a combin...
Nov 20, 2024 (Gmt+09:00)
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Entertainment
TVing beefs up sports content, narrowing gap with Netflix
TVing, a South Korean over-the-top (OTT) platform, is beefing up its live sports programming and TV series featuring baseball players to catch up to...
Nov 20, 2024 (Gmt+09:00)
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North Korea
North Korea Sent a Mystery Man to Lead Its Troops Fighting Ukraine
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Nov 20, 2024 (Gmt+09:00)
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Electronics
LG Electronics rises to global prominence in HVAC segment, ranks fifth
LG Electronics Inc., a leading South Korean home appliance maker, has emerged as one of the world’s top five players in the heating, ventilati...
Nov 20, 2024 (Gmt+09:00)
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Steel
POSCO shutters wire rod mill in Korea on supply glut
POSCO, the world’s seventh-largest steelmaker, said on Tuesday it has shut down a wire rod mill in South Korea as rising exports from China ha...
Nov 20, 2024 (Gmt+09:00)
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Retail
US warehouse giant Costco outperforms peers in S.Korea
Membership fees couldn't keep cost-conscious South Korean consumers from rushing to Costco stores to buy big-box items at lower prices, leading the ...
Nov 19, 2024 (Gmt+09:00)
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Private equity
US private equity giant Apollo opens Seoul office for APAC expansion
Apollo Global Management Inc., a US private equity powerhouse, said on Monday it has opened an office in Seoul to expand its business in the Asia Pa...
Nov 19, 2024 (Gmt+09:00)
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Private equity
MBK Partners’ 6th buyout fund raises $5 bn at 2nd close
MBK Partners, a North Asia-focused private equity firm, has completed the second closing of its sixth buyout fund at $5 billion, on course to reach ...
Nov 19, 2024 (Gmt+09:00)
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Beauty & Cosmetics
L’Oréal opens SkinCeuticals second global store in S.Korea
L’Oréal Group, the world’s largest beauty company, said on Monday it opened its second global SkinCeuticals store at Lotte Depart...
Nov 19, 2024 (Gmt+09:00)
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Batteries
South Korea approves Korea Zinc’s precursor as national core technology
South Korea has designated Korea Zinc Inc.'s precursor manufacturing process as a national core technology and advanced industrial technology, effec...
Nov 19, 2024 (Gmt+09:00)
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Mergers & Acquisitions
CJ CheilJedang puts bio business on market for $4 bn
CJ CheilJedang Corp., South Korea’s largest food company, is seeking to sell its bio business for about 6 trillion won ($4.3 billion) in what ...
Nov 18, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung vows to regain chip lead with new R&D center
Samsung Electronics Co. is pinning its hopes on its new research and development complex, which will cost the company 20 trillion won ($14.4 billion...
Nov 18, 2024 (Gmt+09:00)
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Aerospace & Defense
Alux's export contracts with US, Japan top $5 million
South Korean drone maker Alux Co. said on Monday its cumulative export contracts with the US and Japan have surpassed 7 billion won ($5 million). Th...
Nov 18, 2024 (Gmt+09:00)
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Corporate bonds
Korea Inc. rushes to booming local corporate bond market
South Korean companies are rushing to raise money in the local corporate bond market, which is unusually buoyant at year's end amid expectations of ...
Nov 18, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Korea Zinc chair hatches plan to maintain management control
Korea Zinc Inc. Chair Choi Yun-birm said on Sunday he has a strategy for defending management control of the world’s top zinc and lead smelter...
Nov 18, 2024 (Gmt+09:00)
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Bio & Pharma
Korea’s Lunit in AI-powered lung cancer diagnostics deal with AstraZeneca
Lunit Inc., a South Korean AI-powered cancer diagnostics company, has partnered with global biopharma giant AstraZeneca plc. to jointly enter the AI...
Nov 18, 2024 (Gmt+09:00)
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Food & Beverage
Samyang Foods Buldak Topokki enters Walmart in US
South Korea's Samyang Foods Co. said on Monday its Buldak Topokki entered Walmart stores in the US.Available in Original and Carbo (carbonara) fla...
Nov 18, 2024 (Gmt+09:00)
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Electronics
Samsung Bespoke AI Combo targets European market
Samsung Electronics Co. said on Sunday it held the showcase for launching its all-in-one washer-dryer, Bespoke AI Combo, in Berlin, Germany on Nov...
Nov 18, 2024 (Gmt+09:00)
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Capital raising
S.Korean firms’ rights issues poised for 12-year low
The lackluster South Korean stock market and softening Korean currency have discouraged local companies from raising money at home and pushed some t...
Nov 17, 2024 (Gmt+09:00)
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Shareholder value
Samsung Electronics to buy back $7.2 bn in shares
Samsung Electronics Co. will buy back 10 trillion won ($7.2 billion) in shares over the next year to prop up its share price, which has plunged more...
Nov 17, 2024 (Gmt+09:00)
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Electric vehicles
Korean EV, battery makers to suffer from Trump’s plan to end incentives
WASHINGTON/SEOUL — US President-elect Donald Trump’s transition team is seeking to eliminate federal incentives for electric vehicles, d...
Nov 15, 2024 (Gmt+09:00)
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Aerospace & Defense
Korea’s LIG Nex1 to export unmanned surface vessel
GUMI, North Gyeongsang Province — South Korean defense maker LIG Nex1 Co. aims to export its unmanned surface vessel (USV) under development a...
Nov 15, 2024 (Gmt+09:00)
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Logistics
Hanjin to open Mexico subsidiary
South Korea's Hanjin Transportation said on Friday it will establish a subsidiary in Mexico this year to expand its logistics market in Latin Americ...
Nov 15, 2024 (Gmt+09:00)
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Foreign exchange
South Korea returns to US FX monitoring watchlist
The United States has reinstated South Korea on its foreign-exchange monitoring watchlist, a year after it removed Asia’s No. 4 economy from t...
Nov 15, 2024 (Gmt+09:00)
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Cryptocurrencies
Korea’s crypto exchanges ride bitcoin rally on Trump optimism
South Korea’s crypto exchanges are enjoying a global boom in virtual currencies, including bitcoin, as US President-elect Donald Trump is expe...
Nov 14, 2024 (Gmt+09:00)
Latest News
- 1 GIC resumes Seoul Finance Center sale in potential mega deal
- 2 South Korea’s Lee, China’s Xi agree on closer ties, peace on Korean Peninsula
- 3 Invesco, SK D&D likely to buy co-living building in Seoul
- 4 Coupang bids for Korean luxury market dominance with Farfetch
- 5 Hyundai Rotem set to finalize $6 bn K2 tank order from Poland