Korea to inject $200 mn into semiconductor packaging R&D

South Korea will inject 274.4 billion won ($200 million) into a state-run R&D project for semiconductor packaging technology, a key to producing...

Samsung Bespoke refrigerator sells 3 mn units in five years

Samsung Electronics Co. announced on Tuesday that the cumulative sales of its Bespoke refrigerator in the South Korean market have surpassed 3 milli...

Korean PE funds shrink in 2023 for first time in 7 years

South Korean private equity investments declined last year for the first time since 2016 due to interest rate hikes, high inflation and the Korean w...

Tencent-backed Shift Up to raise up to $313 mn in IPO

Shift Up Corp., the South Korean game developer behind the global hit game “Goddess of Victory: Nikke,” could raise up to 435 billion wo...

CJ CheilJedang opens Bibigo store on Amazon Germany

South Korea's CJ CheilJedang Corp. announced on Tuesday that it launched the Korean food (K-food) brand Bibigo's store on Amazon Germany, the larges...

SK Innovation-backed Marine Innovation looks to enter US green market

Marine Innovation Co., a South Korean eco-friendly social venture company sponsored by the country’s top energy firm SK Innovation Co., is par...

Korea's bet on US assets up on bull stocks, EV incentives

South Korea’s financial assets in the US hit a record high last year due to the US stock market rally and Korean companies’ capital inje...

Hyundai Mobis files 3,000 patents for future car techs over 3 years

Hyundai Mobis, the world’s sixth-largest auto parts maker, announced on Tuesday that it published the Sustainability Report 2024, which includ...

KAI inks $1.4 bn supersonic fighter jet mass production deal

Korea Aerospace Industries Ltd. (KAI), the country’s sole military aircraft manufacturer, said on Tuesday it signed a 2 trillion won ($1.4 bil...

Doosan emerges as darling in Korea’s BBB bond market

Doosan Co. is poised to raise up to 80 billion won ($58 million) in bond sales this week following its credit rating upgrade as the holding company ...

Samsung Electronics builds Red Hat-certified CXL infrastructure

Samsung Electronics Co. has set up the industry’s first Compute Express Link (CXL) infrastructure, certified by Red Hat Inc., the world’...

S.Korea’s travel payment card market competition heats up

Competition in the South Korean travel payment card market intensified as increasing overseas trips and cross-border shopping prompted credit card i...

Korea's NPS CIO talks with GPIF, GIC execs on asset allocation

South Korea’s National Pension Service (NPS) Chief Investment Officer Seo Won-joo has visited Japan and Singapore on his first overseas busine...

SK puts shares in Goldman-backed Korea Superfreeze on market

SK Group has put its shares in Korea Superfreeze Inc., a cold chain logistics company jointly owned by EMP Belstar and Goldman Sachs, on the market,...

Korean seafood giant Sajo acquires Foodist for $181 million

Sajo Group, a South Korean seafood and fisheries conglomerate, has acquired Foodist Co., a domestic food ingredient and catering service provider, f...

Korea FX authorities, NPS raise currency swap limit to $50 bn

South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, said on Friday it has agreed with foreign exchange...

MSCI keeps Korea on emerging market list on short-selling ban

MSCI Inc. maintained South Korean stocks in its emerging market list as the government kept its blanket short-selling ban, denting the country&rsquo...

Korea Zinc speeds up separation from Young Poong in management feud

South Korea’s largest zinc smelter Korea Zinc Co. is accelerating its efforts to terminate its decades-long business relations with parent You...

SK Shieldus, CP6 team up for autonomous vehicle security

SK Shieldus Co., the unmanned security subsidiary of South Korea's SK Group, announced on Friday that it has signed an agreement with CP6, a domesti...

South Korea-Japan air travelers soar to 10 mn in first five months

The number of air passengers traveling between South Korea and Japan has surpassed 10 million in the first five months of this year, setting a new r...

Affinity to buy Korea's No. 2 car leasing firm for $591 mn

Affinity Equity Partners will buy a 100% stake in South Korea’s second-largest car leasing company SK Rent-a-Car Co. for 820 billion won ($591...

Shein cracks Korea's ultra-low-cost online fashion market

Shein, a Chinese fast fashion online retailer, announced on Thursday its official debut in South Korea with the launch of its Korea-dedicated platfo...

Hyundai E&C to build S.Korea's first nuclear-linked hydrogen plant

South Korea's Hyundai Engineering & Construction Co. (Hyundai E&C) will lead a consortium to build the nation's first hydrogen production fa...

LIG Nex1 earns top Morgan Stanley ESG rating of AA for 2nd consecutive year

LIG Nex1 Co., a leading defense system developer in South Korea, announced on Thursday that it has received an AA rating in the 2024 environmental, ...

Kosdaq cancels IPO approval for cloud developer InnoGrid

The Kosdaq market under the Korea Exchange said on Wednesday it has canceled its preliminary approval for InnoGrid Co.’s initial public offeri...

Shinsegae hires Alibaba Korea head to lead online mall Gmarket

Shinsegae Group, South Korea’s retail giant, on Wednesday launched sweeping top-level management overhauls for Gmarket Inc. and SSG.COM. to ti...

S.Korea's Handsome opens global flagship store System Paris

South Korean fashion company Handsome Corp. announced on Wednesday that it will open its first global flagship store System and System Homme Paris i...

South Korea climbs to 20th on IMD national competitiveness list

South Korea’s national competitiveness ranking climbed eight notches to its highest-ever 20th thanks to a leap in the country’s business...

Korea’s food prices highest among OECD nations; utility bills at bottom

South Korea’s food prices were found to be the highest among the Organization for Economic Cooperation and Development (OECD) countries last y...

North Korea Sent Excrement Balloons. South Korea’s Response: Blasting BTS Hits.

SEOUL—After enduring days of balloon bombardment from the Kim Jong Un regime, South Korea countered with an airwaves assault of it...