CVC names ex-Affinity Equity top manager as Korea head

CVC Capital Partners has appointed Chris Rhee, a former partner of Affinity Equity Partners, as its Seoul office head and global partner, according ...

K-beauty boom makes S.Korea the fourth-largest cosmetics exporter

Cosmetics industry sees continued export growth for two straight decades K-beauty has emerged as a global trend, thanks to the development of innov...

Korea’s major firms look for M&A targets in battery materials business

South Korea’s major companies are looking for merger and acquisition opportunities in the rechargeable battery materials sector, which is grow...

Sejong Univ. unveils Korea's first cultured meat prototype

Sejong University in Seoul, South Korea has unveiled a cultured meat prototype for the first time in the country.Cultured meat is an alternative pro...

Hanwha Total becomes S.Korea’s largest polypropylene maker

Hanwha Total Petrochemical Co., a 50:50 joint venture between Hanwha Group and the French oil giant Total SE, has become the company with the larges...

Korea’s Busan port congestion worsening with boxes stacked, ships delayed

At the Hyundai Pusan New Port Terminal (HPNT), one of the largest terminals in South Korea’s southeastern port city of Busan, 12 quay cranes a...

Korea bourse tries to halt unicorns following Coupang in US IPO

The Korea Exchange (KRX) will lower the bar for domestic startups' initial public offerings at home so that they will be dissuaded from joining the ...

Naver aims to overtake Chrome in Korea with own browser Whale in 3 years

South Korea’s top web portal operator and search engine Naver Corp. aims to overtake Google Inc.’s Chrome as the top web browser in the ...

Goldman-backed Korea Superfreeze to build $2.2 bn facilities

Korea Superfreeze Co., 24.95% owned by Goldman Sachs PIA, will spend 2.5 trillion won ($2.2 billion) in building six cold storage facilities in Sout...

Wonbang Tech: S.Korea’s leading chip clean room company

The dew point is the temperature at which the air becomes saturated with water vapor. When cooled further below the point, the airborne water vapor ...

Evercore joins as advisor for S.Korea’s Hanon Systems stake sale

Evercore Inc., a New York-based boutique investment banking advisory firm, is joining hands with Morgan Stanley to co-manage the sale of a majority ...

SK Group’s holding firm aims to become Korea’s Berkshire Hathaway

Jang Dong-hyun, chief executive of SK Inc., formerly known as SK Holdings Co. made a rare public remark during a March shareholder meeting, saying t...

Hanwha challenges monopoly in S.Korea’s nitric acid sector

South Korea’s industrial nitric acid sector, currently led by Hu-Chems Co. with around a 90% market share, will see a change in the competitiv...

Korea’s Netflix blockbuster Space Sweepers receives global viewership

Described as "South Korea's first space-set blockbuster," Netflix's film Space Sweepers is receiving considerable viewership globally, joining a gro...

Korea Credit Data raises over $35 mn from Pavilion, GS, KB Bank

South Korea-based fintech firm Korea Credit Data (KCD) has raised around 40 billion won ($36 million) from Singapore-based private equity firm Pavil...

Korea has vital role in a green post-COVID world

Rapid development and roll-out of COVID-19 vaccines globally are occupying the headlines of major media outlets. We are now well over a year into the ...

Citibank Korea's retail arm sale may fuel M&A market

Citigroup Inc.'s plan to exit from South Korea's retail banking market may invigorate the country's M&A market, with small-sized, non-banking fi...

Kakao Bank applies for preliminary review of 2021 IPO

Kakao Bank, South Korea's No.1 mobile banking app., has kicked off the process to go public by applying for a preliminary review of its stock market...

GM Korea to halt 2 main plants next week on automotive chip shortage

The South Korean unit of US auto giant General Motors Co. will halt two of its three plants next week in the latest sign of the worsening global aut...

POSCO to build S.Korea’s first lithium plant by 2023

South Korea’s leading steelmaker POSCO will build the country’s first lithium extraction factory in Gwangyang, 300 km south of Seoul, al...

IMF warns against South Korea's debt explosion

South Korea needs to closely monitor government spending to avoid a future debt explosion given its rapidly aging population, according to a senior ...

Global infra boom revives S.Korea’s heavy equipment sector

South Korea’s heavy machinery manufacturers are making a strong start this year, reporting the highest first quarter revenue figures since 201...

Facebook's operating profit surges sixfold in S.Korea; tops $10 mn

Last year's South Korea-based earnings for some global IT firms were disclosed publicly for the first time only this year, following a revision to...

Outback Steakhouse Korea put up for sale by PEF

South Korea-based private equity firm Skylake Equity Partners is seeking to sell a 100% stake in Outback Steakhouse Korea, as the PE firm and sale m...

S.Korea rolls out next-generation fighter jet KF-21 with local technology

South Korea on Friday unveiled a prototype of its homegrown fighter jet, the KF-21, two decades after it vowed to develop a next-generation superson...

Korea state agency sells $134 mn Woori Fin shares

The Korea Deposit Insurance Corp. (KDIC) has reduced its stake in Woori Financial Group to 15.25% by selling 149.2 billion won ($134 million) worth ...

Kakao to buy fashion app, pushing aside eBay Korea

Kakao Corp., South Korea's top mobile messaging app operator, is set to acquire a majority stake in Zigzag, a domestic online fashion platform targe...

S.Korea's color cosmetics leader C&C to list in May

South Korea’s leading color cosmetics manufacturer C&C International Co. will be listed on Kosdaq in May, with expected market capitalizat...

Sale of Korea’s No.2 delivery app Yogiyo kicks off with May 4 prelim bid

The sale of South Korea’s second-largest food delivery app Yogiyo has kicked off with the sell-side issuing an information memorandum to poten...

S.Korea's public debt tops GDP for first time in 2020

South Korea's government debt surpassed its gross domestic product for the first time in 2020, with public debt reaching its highest level ever foll...