S.Korea in for longest monthly trade deficit spell in 25 yrs

South Korea is poised to report a trade deficit for a sixth straight month in September, which would mark its longest period of trade shortfalls in ...

Foreign-owned companies in Korea send hefty profits back home

South Korean firms wholly owned by foreign companies sent more than 1.1 trillion won ($800 million) back home for the fiscal year of 2021 in aggrega...

LG AI center joins forces with Parsons School for creative AI development 

South Korea’s LG Corp. announced it signed an academic collaboration agreement with the New York City-based Parsons School of Design on Monday...

S.Korea plans to adopt mandatory pre-disclosure of major insider trading

Executives and major shareholders of South Korea’s listed companies will be obligated to disclose their share transaction plans at least 30 da...

Gucci to hold Alessandro Michele-directed show at Korean royal palace

Italian luxury fashion house Gucci will hold a fashion show choreographed by its famous creative director Alessandro Michele at a South Korean royal...

Steelmaker Husteel's operating profit skyrockets 579% in first half

Shares of Husteel, the only public company within the golf course giant Shinan Group, have doubled in price in the last three months. Industry ...

Rising utility bills add to Korea’s inflationary pressure

South Korea may raise utility bills after scheduled hikes in the coming months, adding to inflationary pressure in Asia’s fourth-largest econo...

Kolmar Korea to enter $22 billion UAE Halal cosmetics market

Kolmar Korea Co., a supplier to global cosmetics brands such as Estee Lauder, is set to enter the 30 trillion won ($22 billion) Halal beauty market ...

Broadcom not to force S.Korean tech companies on deals

US chipmaker Broadcom Inc. has pledged to cease putting undue pressure on Samsung Electronics Co. and other South Korean tech companies to sign deal...

Hyundai opens Asia’s largest driving center in S.Korea

Hyundai Motor Group, South Korea’s top automaker, on Wednesday opened the largest driving center in Asia to showcase the performance of its ve...

Korea may limit NPS power on shareholder derivative suits

South Korea may keep the National Pension Service (NPS), the world’s third-largest such fund, from increasing its power for shareholder deriva...

CalSTRS, Korea's KTCU consider launching 2nd real estate JV

The Korean Teachers’ Credit Union (KTCU), a retirement fund for South Korean teachers and employees, and the California State Teachers' Retire...

Hancom to focus on cloud computing and AI services

South Korea’s homegrown software giant Hangul and Computer Group, also known as Hancom Inc. Group, is slated to transform itself into a cloud ...

SK Ecoplant joins 2.6GW offshore wind power project in Korea

South Korea’s SK Ecoplant Co. signed an agreement on Monday to jointly develop a combined 2.6 gigawatt (GW) offshore wind power project in Kor...

Korean shipbuilders yield No.1 spot to Chinese rivals

South Korean shipbuilders yielded their No. 1 position to Chinese rivals in August, according to Clarkson Research on Tuesday, as they shifted towar...

Polo shirts, classic sports fashion sees revival in Asia

Ralph Lauren Corp., the world-renowned fashion firm that features timeless design and a classic sporty style with its trademark Polo brand, is seein...

S.Korea forecast to have world's oldest population by 2070

South Korea is expected to become the world’s most elderly country with about half of its population aged 65 or older by 2070, the government ...

Shipyards, TV plants to shut down as typhoon lands on Korea

The world’s two largest shipbuilders Hyundai Heavy Industries Co. and Daewoo Shipbuilding & Marine Engineering Co., decided to shut down t...

KKR, Macquarie race for $728 mn stake in Korea’s KT Cloud

Global private equity giants Kohlberg Kravis Roberts & Co. (KKR) and Macquarie Asset Management are among the preliminary bidders for shares wor...

Korea PE firms to buy FCCL maker NexFlex at $463 mn

South Korean private equity firms are set to take over NexFlex Co., the country’s largest manufacturer of flexible copper-clad laminates (FCCL...

South Korea’s tech giants bolster short-form video content services

South Korea’s tech behemoth Naver Corp. is poised to strengthen its short-form content service on surging demand for video content that is les...

Korea inflation slows, but BOK may still hike interest rates

South Korea’s headline inflation eased in August for the first time in seven months on a slower rise in oil prices, but the central bank is st...

Ukraine war gives North Korea reasons to draw closer to Russia

SEOUL—Russia’s invasion of Ukraine has created an opportunity for North Korea, which has strengthened its ties with Moscow and beco...

Samsung leader Lee’s latest role: Special envoy for World Expo 2030 bid

As South Korea is serious about hosting the World Expo 2030, the country’s top business leaders will be given new roles: Leading the governmen...

Korea resolution on US EV incentives passes parliament

South Korea’s lawmakers on Thursday passed a resolution to officially express its concerns over the US Inflation Reduction Act (IRA) that remo...

S.Korea mulls public survey to decide on BTS' military service exemption

The issue of allowing K-pop megaband BTS to fulfill alternative service to active military duty resurfaced again on Thursday, with government offici...

Private equity firms buys shipbuilder Daehan for $150 mn

A South Korean private equity consortium has acquired Daehan Shipbuilding Co., a small-size oil tanker manufacturer, for around 200 billion won ($15...

Business magnates' startup investment fraternity V-Society going strong

Back in August 2000, a fraternity of domestic business magnates’ children and startup entrepreneurs named V-Society was founded. The frat...

Korea’s record trade deficit adds to downturn concerns

South Korea logged a record monthly trade deficit in August with the longest spree of shortfalls in more than 14 years, while domestic consumption, ...

Tikehau Capital Korea wins GP license to boost Asian operations

Tikehau Capital, a Paris-headquartered global alternative asset management group, is working hard to expand growth and its operating capacity in Asi...