SK, Samsung accelerate S.Korea’s CO2 capture biz growth

SK, Samsung accelerate S.Korea’s CO2 capture biz growth

Samsung and SK, South Korea’s two largest conglomerates, are speeding up the growth in the carbon capture, utilization and storage (CCUS) busi...

Lotte Group secures $3.8 bn funding from four major Korean banks

Lotte Group secures $3.8 bn funding from four major Korean banks

Lotte Group announced on Friday that it has signed a financial support agreement worth 5 trillion won ($3.8 billion) with four major South Korean ba...

LG Elec sees steady 2023 sales to widen gap with Whirlpool

LG Elec sees steady 2023 sales to widen gap with Whirlpool

LG Electronics Inc. expects sales of its home appliances division, the key cash cow of the South Korean company, to remain steady at 30 trillion won...

Macquarie to buy Lotte’s S.Korean transportation card unit

Macquarie to buy Lotte’s S.Korean transportation card unit

Macquarie Asset Management, part of Australian investment bank Macquarie Group, is set to buy Loca Mobility Corp., Lotte Card Co.’s subsidiary...

Samsung Electronics expands B2B online store to Germany

Samsung Electronics expands B2B online store to Germany

Samsung Electronics Co. announced on Tuesday the opening of a new online store dedicated to small and middle-sized businesses (SMBs) in Germany as p...

SK Hynix to raise $1.5 bn in exchangeable bonds

SK Hynix to raise $1.5 bn in exchangeable bonds

SK Hynix Inc., the world’s second-largest memory chipmaker, said on Monday it would raise $1.5 billion through exchangeable bonds (EBs) in a p...

Innocean's subsidiary D&G opens Brooklyn office

Innocean's subsidiary D&G opens Brooklyn office

Innocean, a Hyundai Motor Group-affiliated advertising agency, announced on Monday that it has opened a Brooklyn office of creative subsidiary David...

CJ Haechandle Gochujang acquires Europe's V-Label

CJ Haechandle Gochujang acquires Europe's V-Label

CJ CheilJedang Corp.'s flagship fermented food brand Haechandle Gochujang (hot pepper paste) is set to expand into the global market, backed by its ...

JB Financial wins proxy fight against activist fund Align Partners

JB Financial wins proxy fight against activist fund Align Partners

South Korea’s JB Financial Group Co. won a proxy battle against local activist fund Align Partners Capital Management on dividends and nominat...

Korean Dongkuk opens 2nd Mexican color-coated steel plant

Korean Dongkuk opens 2nd Mexican color-coated steel plant

Dongkuk Steel Mill Co. opened its second color-coated steel plant in Mexico as South Korea’s third-largest steelmaker aims to expand its prese...

KB Securities signs MOU with Korea East-West Power, Hikive

KB Securities signs MOU with Korea East-West Power, Hikive

KB Securities Co. announced on Thursday that it had entered into a business agreement with Korea East-West Power Co. and Hikive to collaborate on a ...

LINE, Mizuho call off plan to set up mobile-only bank in Japan

LINE, Mizuho call off plan to set up mobile-only bank in Japan

LINE Corp. and Mizuho Financial Group’s plan to introduce an internet-only bank in Japan has fallen through about five years after they unveil...

Clearstream acquires QFI status from S.Korea's National Tax Service

Clearstream acquires QFI status from S.Korea's National Tax Service

Korea Securities Depository announced on Wednesday that Clearstream, the operator of the International Central Securities Depository (ICSD), had obt...

Hyundai Capital issues green bonds under eco-friendly biz guidelines

Hyundai Capital issues green bonds under eco-friendly biz guidelines

South Korea's Hyundai Capital on Tuesday said it issued green bonds worth 600 billion won ($462.3 million) following K-Taxonomy, a series of governm...

S.Korea to benefit from rising global defense spending

S.Korea to benefit from rising global defense spending

South Korea is expected to log another year of record defense exports in 2023 thanks to growing military budgets across the world as local major arm...

S.Korean fashion platform Ably attracts $39 mn before Series C round

S.Korean fashion platform Ably attracts $39 mn before Series C round

South Korea’s Ably Corp., operator of the fashion shopping app Ably, has attracted 50 billion won ($39 million) via venture debt amid the slow...

KB, Hana drive major S.Korean overseas banking profits lower

KB, Hana drive major S.Korean overseas banking profits lower

KB Kookmin Bank and Hana Bank led weaker earnings of the four largest South Korean lenders’ overseas units last year although their rivals Shi...

S.Korean biotech GI Innovation's IPO draws tepid market interest

S.Korean biotech GI Innovation's IPO draws tepid market interest

South Korean biotech GI Innovation Inc. is slated to debut on the local public market at less than half of its pre-IPO investment value, facing luke...

Galaxy S23 Ultra beats iPhone in European reviews

Galaxy S23 Ultra beats iPhone in European reviews

Samsung Electronics Co.'s latest flagship smartphone, the Galaxy S23 Ultra, has earned outstanding reviews from consumer groups throughout Europe, s...

Korean ETP market doubles amid increasing distrust of fund managers

Korean ETP market doubles amid increasing distrust of fund managers

South Korea’s exchange-traded product (ETP) market has doubled in four years as more investors preferred their own trades to discretionary inv...

S.Korea confirms easing inflation; BOK to hold rate

S.Korea confirms easing inflation; BOK to hold rate

South Korea confirmed that inflation eased while Asia’s fourth-largest economy continued to slow, adding to expectations that the government m...

Korea Eximbank teams up with US small nuclear reactor firm

Korea Eximbank teams up with US small nuclear reactor firm

The Export-Import Bank of Korea said on Thursday that it had signed a memorandum of understanding (MOU) with NuScale Power, a US company that develo...

S.Korea's individual investors buy bonds this year worth $5.3 billion

S.Korea's individual investors buy bonds this year worth $5.3 billion

Individual investors in South Korea this year have made net bond purchases, or the difference between the buying and selling amounts, worth over 7 t...

LG Electronics showcases new products in Dubai

LG Electronics showcases new products in Dubai

LG Electronics Inc. held a two-day event in Dubai to unveil its latest products and solutions for the Middle East and African markets.The South Kore...

US bank failure triggers Asia’s 2008 PTSD

US bank failure triggers Asia’s 2008 PTSD

If anyone at South Korea's National Pension Service has been planning a 2023 vacation, it might be time to cancel. The recent collapse of Silicon...

BC Card signs contracts for Indonesia's digital payment project

BC Card signs contracts for Indonesia's digital payment  project

BC Card Co., a South Korean credit card company, said on Friday it has signed two contracts to provide digital payment services for Indonesia’...

SK Ecoplant targets European waste battery recycling market

SK Ecoplant targets European waste battery recycling market

SK Ecoplant Co., its Singaporean subsidiary TES-AMM, and domestic eco-friendly business and secondary battery materials leader Ecopro Co. are poised...

H2O Hospitality rebrands itself as it eyes Middle East expansion

H2O Hospitality rebrands itself as it eyes Middle East expansion

H2O Hospitality, a hospitality tech company that provides digital solutions for the hotel and tourism industry, said on Tuesday that it has rebrande...

KEXIM bank inks $6 billion financing deal with Aramco

KEXIM bank inks $6 billion financing deal with Aramco

The Export-Import Bank of Korea said on Tuesday it has signed a three-year framework agreement with Saudi Arabian Oil Co.(Aramco), to provide up to ...

S.Korea-Indonesia central banks renew currency swap agreement

S.Korea-Indonesia central banks renew currency swap agreement

Central banks of South Korea and Indonesia renewed a bilateral local currency swap arrangement to keep supporting trade and financial cooperation fo...

President Lee meets Hyundai, LG chiefs, promotes ‘one team’ approach Hanwan Ocean wins $1.4 bn order to build 7 LNG dual-fuel ships K-content reign continues as Squid Game returns in force South Korea’s EV exports rebound in June after 16-month decline Yes, it’s K-beauty: Strong buying appetite for makeup brands even before they're up for sale