South Korea’s Lee, China’s Xi agree on closer ties, peace on peninsula
South Korea’s newly elected President Lee Jae-myung and Chinese President Xi Jinping have agreed to strengthen strategic ties and enhance coop...
Invesco, SK D&D likely to buy co-living building in Seoul
A consortium between US asset management firm Invesco and the real estate investment arm of SK D&D Co. has been named the preferred buyer of Nou...
Coupang bids for Korean luxury market dominance with Farfetch
Coupang Inc., South Korea’s largest e-commerce player, is set to seize control of the country’s online luxury market with Farfetch amid ...
Hyundai Rotem set to finalize $6 bn K2 tank order from Poland
Hyundai Rotem Co., a South Korean defense company, is set to finalize a tank supply contract with Poland, with the deal's value nearly doubling &nda...
Lee Jae-myung to meet with top business leaders ahead of G7 summit
South Korea’s newly elected President Lee Jae-myung plans to meet with the country’s top business leaders before departing for the Group...
Korea to allow non-profits to buy bad consumer loans
The Financial Services Commission (FSC) has proposed regulatory changes that would allow non-profit organizations to purchase bad loans from individ...
Now, it’s K-vehicle: KG Mobility, Kia lead S.Korea’s military vehicle exports
South Korea’s once domestically focused automakers are making significant inroads into the global defense sector, with a string of recent cont...
S.Korea’s Lee to make diplomatic debut at G7 after phone call with Trump
South Korea’s new President Lee Jae-myung will attend the summit of the Group of Seven (G7) advanced countries in Alberta, Canada, next week, ...
US monitors NPS, sovereign funds in expanded currency surveillance
Washington will strengthen its monitoring of portfolio investments by pension and sovereign wealth funds of its trading partners as it broadens its ...
Korea’s ruling party revives corporate law reform with stricter rules
South Korea’s ruling party is reviving its push for an amendment to the Commercial Act with tougher mandates aimed at protecting minority shar...
Proxy voting rises in South Korea, but few vetoes cast
An increasing number of asset management firms in South Korea are more frequently exercising their voting rights at portfolio companies. Nevertheles...
Korea signs definitive $19 bn Czech nuclear plant deal after twists and turns
South Korea has secured its most significant nuclear export deal in over a decade, as a consortium led by Korea Hydro & Nuclear Power (KHNP) cli...
Chinese e-commerce growth stalls in South Korea
Chinese e-commerce players’ rapid expansion into the South Korean online retail market is losing steam as their bang-for-the-buck products hav...
Lee Jae-myung vows to end politics of division, seek pragmatic diplomacy
Lee Jae-myung was formally sworn in as South Korea’s new president on Wednesday, pledging to unite a divided nation, revitalize the economy an...
S.Korea imports Canadian oil for 1st time under Trump's 2nd term
South Korea has imported crude oil from Canada for the first time amid escalating tariff tensions between the US and Canada since Donald Trump's ret...
Korea’s stablecoin trade at $42 bn; BOK balks at non-bank stablecoin deals
South Korea’s central bank is cautious about non-banks and fintech firms issuing and handling stablecoins amid a global cryptocurrency rally, ...
Hanjin KAL, LS expand defense business alliance to counter Hoban Group
South Korea’s Hanjin Group and LS Group are tightening their alliance further against Hoban Group, which is raising its stake in Hanjin.Korean...
SpaceX’s Starlink, Eutelsat’s OneWeb land in Korea for LEO satellite services
South Korea has officially cleared the way for low-earth orbit (LEO) satellite internet services, granting regulatory approval for SpaceX’s St...
Korea Post to commit $150 mn to mid-cap infrastructure funds
Korea Post will commit $150 million to one or two global asset managers for mid-cap infrastructure equity investments, the postal service agency sai...
South Korea’s startup M&A winter deepens capital bottleneck
South Korea’s startup M&A winter has deepened as once major investors like conglomerates are prioritizing restructuring over expansion, ch...
HYBE Bang under financial watchdog’s scrutiny for alleged unfair trading
Bang Si-hyuk, founder and chairman of HYBE Co., the South Korean entertainment giant behind K-pop global sensation BTS, could face investigation by ...
HD Hyundai Group joins S.Korea’s 100 trillion won market cap club
South Korean shipbuilding conglomerate HD Hyundai Group has joined South Korea’s elite club of conglomerates with a market capitalization exce...
Korea’s KT signs $95 million AI partnership with Vietnam’s Viettel Group
South Korea’s leading telecommunications service provider KT Corp. said on Tuesday it has signed a 130 billion won ($95 million) strategic par...
Celltrion shares rise after bonus issue announcement
Celltrion Inc., South Korea’s largest biosimilar developer, will issue bonus shares to bolster its stock performance, which has been in the do...
Samsung Biologics drives foreign lead in Korea’s biotech supply chain
A surge in orders from Samsung Biologics Co., the world’s largest contract drugmaker, has propelled South Korea to the forefront of global rev...
OpenAI sets up entity in Korea with most paid ChatGPT users outside US
OpenAI Inc., the creator of generative AI ChatGPT, has established a legal entity in South Korea, which has the largest number of paying ChatGPT sub...
Shinhan Financial’s Jin meets with Goldman Sachs Int'l CEO for strategies
Jin Ok-dong, chairman of South Korea’s leading financial conglomerate Shinhan Financial Group, has met with senior executives of US-based mult...
NPS gobbles up Korea’s top 4 financial holding stocks
South Korea’s largest institutional investor, the National Pension Service (NPS), remains a strong backer of the country’s top four fina...
US considers withdrawing thousands of troops from South Korea
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Samsung Biologics to spin off biosimilar unit Samsung Bioepis
Samsung Biologics Co., the world’s largest contract drugmaker, will undergo a strategic split to separate its contract development and manufac...
