S.Korea to elevate science minister to deputy prime minister to lead in AI race

South Korea will elevate its new science minister to a deputy ministerial post, giving him authority to serve as the top coordinator of the governme...

Kia to make, sell China-launched EV5 in Korea to keep top spot

Kia Corp., South Korea’s second-largest automaker, plans to manufacture and sell the EV5, its first China-made all-electric vehicle, at home t...

Yonsei University: Unlikely yet adroit dealmaker in S.Korea’s M&A market

For decades, or probably for centuries, Yonsei University has been seen as an ivory tower – a place for academics – in South Korea.One o...

S.Korea corporate law reform gains bipartisan support

South Korea's ruling Democratic Party’s proposal to strengthen protections for minority investors and enhance board independence has secured t...

Korea Investment & Securities, Capital Group eye product launch in Korea

Korea Investment & Securities Co. (KIS), a unit of Korea Investment Holdings Co., is exploring new offshore funds for individual investors in co...

Blackstone in talks to acquire Korea’s top salon chain Juno Hair in $590 mn deal

US private equity firm Blackstone Inc. is pursuing the acquisition of Juno Hair, South Korea’s largest premium hair salon chain, in a deal tha...

Goldman Sachs acquires Mercure Ambassador: 1st stint with Korean hotels

Goldman Sachs, in partnership with JB Asset Management Co., has acquired Mercure Ambassador Seoul Hongdae, a prominent mixed-use commercial property...

S.Korea’s pension fund NPS posts weaker returns amid US tariff concerns

The National Pension Service (NPS), South Korea’s state-run pension fund and the country’s largest institutional investor, is posting sh...

S.Korea names budget veteran as finance minister to prop up economy

South Korean President Lee Jae-myung on Sunday appointed Koo Yoon-cheol, former head of the budget office, as finance minister as the government is ...

KKR in control feud over Korea’s top solar power plant

Global private equity giant KKR & Co. Inc. is embroiled in a management dispute over South Korea’s top solar power plant with key individu...

South Korea issues €1.4 billion in largest-ever euro bond sale

South Korea raised 1.4 billion euros ($1.6 billion) through a euro bond sale on Thursday, marking the country's largest-ever euro-denominated debt i...

S.Korea’s leading ERP player Douzone Bizon up for sale; EQT, others in talks

Douzone Bizon Co., South Korea’s leading homegrown enterprise software firm and the country’s No. 2 player in the enterprise resource pl...

MSCI maintains S.Korea’s emerging-market status; level playing field eyed

South Korea’s years-long bid for developed-market status has suffered yet another setback after global index provider MSCI Inc. declined to ad...

S.Korea's stablecoin frenzy fuels stock rally despite regulatory uncertainty

A wave of speculative fervor surrounding won-based stablecoins is sweeping South Korea’s equity markets, with nearly half of the top 30 perfor...

Is chip winter over? Doomsayers gone as Korea’s DRAM exports surge

Global memory chip markets, long weighed down by excess inventories and sagging demand, are showing early signs of a thaw.South Korea’s export...

S.Korea to have 1st civilian defense minister in decades, career technocrats

South Korean President Lee Jae-myung on Monday announced a sweeping Cabinet reshuffle, naming a mix of career technocrats, senior lawmakers and &mda...

Fubon Bank expands Korea presence into banking

Fubon Bank, Taiwan’s largest bank, is poised to open its first office in Seoul in July, expanding its footprint in South Korea beyond insuranc...

Hana Asset launches ultra-low-fee Nasdaq 100 ETF

Hana Asset Management Co. will list the “1Q US Nasdaq 100 ETF” on Tuesday, an exchange-traded fund that tracks the Nasdaq 100 index with...

Xiaomi to open first offline store in S.Korea with premium products

Xiaomi Inc., a Chinese technology giant, will open its first offline store in South Korea next week, about six months after its virtual foray into t...

Loss-making Lotte Chemical to sell water treatment unit to Synopex

Lotte Chemical Corp., South Korea’s second-largest petrochemical company grappling with mounting losses amid a prolonged industry downturn, wi...

South Korea unveils $14.6 billion 2nd extra budget to spur growth

South Korea’s new administration on Thursday proposed an additional 20.2 trillion won ($14.6 billion) extra government spending to stimulate d...

POSCO inducted into World Steel Dynamics’ Hall of Fame

South Korea’s POSCO Group has been permanently inducted into the Hall of Fame by the World Steel Dynamics (WSD), a US steel industry research ...

Calls grow for stronger LP oversight in national strategic asset M&As

MBK Partners’ takeover attempt of Korea Zinc Inc. has exposed the vulnerability of national strategic assets to private equity ownership, posi...

Tencent eyes 2nd-largest stake in Kakao Mobility amid broader Korea push

Chinese tech giant Tencent Holdings Ltd. has emerged as a surprise contender in a race to acquire a roughly 40% stake in Kakao Mobility Corp., the o...

Amazon, Alibaba, TikTok up ante to woo Korean beauty brands

Riding the wave of global enthusiasm for K-Beauty, e-commerce powerhouses like Amazon and Alibaba are racing to bring South Korean cosmetics and bea...

S.Korea’s Lee, Japan’s Ishiba agree to deepen ties, resume shuttle diplomacy

KANANASKIS, Canada – South Korea’s newly elected President Lee Jae-myung held his first summit with Japanese Prime Minister Shigeru Ishi...

US-South Korea talks scrapped after Trump's early G7 exit

A planned meeting between South Korean President Lee Jae-myung and US President Donald Trump was canceled on Monday after Trump unexpectedly left ...

EQT taps ex-DHK Management CEO to lead S.Korea's real estate push

Swedish asset manager EQT Partners, also the largest private equity firm in Europe, has named David Kim, chief executive of South Korean real estate...

Affirma Capital to acquire Equis’ Korean waste assets for $294 million

Affirma Capital, a Singapore-headquartered buyout private equity firm, has agreed to acquire the entire portfolio of South Korean waste processing a...

Hong Kong-based Anchor Equity puts Korea's Danbi Education up for sale

Anchor Equity Partners, a Hong Kong-based private equity firm, is putting its majority stake in South Korea’s top children’s smart educa...