Handsome's luxury skincare brand Oera lures Chinese tourists
South Korean clothing manufacturer and retailer Handsome Corp., a Hyundai Department Store Co. unit, is enjoying growing popularity among Chinese vi...
K-content powerhouse’s YouTube channels disrupted by hacks
The YouTube channels of South Korean entertainment powerhouse CJ ENM Co.'s units, with more than 8 million subscribers, were disrupted for 14 hours ...
Korea's foreign currency savings snap 5-mth losing streak
Foreign currency deposits in South Korea increased in June, snapping their losing streak over the past five months, with the yen-denominated savings...
Shinhan Securities, Stockeeper to cooperate on STO
South Korea's Shinhan Securities announced on Friday that it signed a memorandum of understanding (MOU) with Stockeeper on Thursday to promote a sec...
Chevrolet All New Colorado's initial volume sold out in S.Korea
GM Korea Co., the South Korean unit of US auto giant General Motors Co., announced on Friday that its pickup truck Chevrolet All New Colorado, with ...
S.Korea's early stage VC funding down amid dearth of targets
Early stage startup funding has plummeted in South Korea as venture capitalists shifted to late-stage venture firms with stable business models amid...
NH Investment selected as UN GCF manager
South Korea's NH Investment & Securities announced on Thursday that it was selected as the first Asian securities firm to manage the Climate Tec...
Korea’s Woori Bank raises $550 mn in AT1 hybrid bond
South Korean major bank Woori Bank said on Thursday that it raised $550 million by issuing additional tier 1 (AT1) hybrid bonds on July 17 with call...
Hanwha Group to expand stock compensation to team chiefs
South Korea’s No. 7 conglomerate Hanwha Group will expand its restricted stock units (RSUs) to encourage employee interest in the company&rsqu...
Samsung Asset publishes brokerage ISA guidebook
South Korea's Samsung Asset Management announced on Thursday that it newly published the KODEX Brokerage ISA Investment Guidebook for individual inv...
F&F to expand Discovery clothing business across Asia
F&F Co., a South Korean clothing company, has secured exclusive rights to use the Discovery Channel brand across Asia to reinvent the documentar...
Kakao Games to raise $203 mn in bonds convertible to Krafton shares
Kakao Games Corp., a game publishing unit of South Korean tech giant Kakao Corp., is set to issue an estimated 280 billion won ($203.2 million) wort...
Filipino caregivers come to Korea amid demographic crisis
Some 100 certified caregivers from the Philippines will come to South Korea in August to work as domestic helpers in a country struggling with the...
Korean banks raise mortgage rates despite looming rate cut
South Korean banks are raising mortgage rates again as the government strives to curb household debt growth that grew at its sharpest pace in three ...
Hana Bank, SK Telecom to support AI startups
South Korea's Hana Bank and SK Telecom Co. held the final selection and inauguration ceremony for the second AI Startup Accelerator BootCamp at Spar...
A North Korean Diplomat Managed a Rare Defection: A Flight Out of Cuba
SEOUL—A North Korean diplomat posted in Cuba defected to South Korea with his family late last year, officials said this week, a rare esc...
KB Star exchange-traded funds rebranded as Rise
South Korea’s KB Asset Management Co. announced on Wednesday that it will change the name of its ETF brand from "KB Star" to "Rise."The names ...
GM Korea’s 2024 sales growth likely stunted due to protracted labor strike
GM Korea Co., the South Korean unit of US auto giant General Motors Co., faces growing disruptions to its vehicle production amid a protracted labor...
BofA eyes its 1st Korean IPO management with K Bank deal
Bank of America Corp. (BofA) is quickly expanding its presence in the South Korean initial public offering market, where J.P. Morgan and Citigroup G...
Korea’s Lotte Card sees 1st profit in Vietnam since launch
Lotte Card Co., South Korea’s No. 5 credit card issuer, is enjoying its first monthly profit in Vietnam after offering various financial produ...
Korea mulls tripling NPS' advance dollar funding limit
South Korea is considering tripling the maximum amount of dollars the National Pension Service (NPS) can buy from the domestic foreign exchange mark...
Renault Korea begins mass production of Grand Koleos
Renault Korea announced on Tuesday that it has started mass production of the D-segment hybrid sports utility vehicle (SUV) New Renault Grand Koleos...
Korea approves HD KSOE-STX Heavy merger with conditions
South Korea’s antitrust body has given a conditional nod to leading domestic shipyard HD Korea Shipbuilding & Offshore Engineering Co.'s (...
LIG Nex1’s guided rocket passes US performance test
LIG Nex1 Co., a South Korean defense company, said on Monday that its Poniard guided rocket passed the final performance test in US Foreign Comparat...
LG Electronics’ new HVAC center in Europe to fight extreme temperatures
LG Electronics Inc., a leading South Korean home appliance maker, said on Monday it has set up a research center in Germany to help develop advanced...
NPS commits $723 mn to MBK, 3 other managers for Korean PEs
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, has hired four investment firms – MBK Partne...
Shinhan Financial builds disaster response system
South Korea's Shinhan Financial Group announced on Sunday that it established a disaster response system to provide swift and substantial assistance...
Hanyang Securities up for sale; in talks with KCGI, Woori
Hanyang Securities Co., a small South Korean brokerage firm, has been put on the market as its parent Hanyang University Foundation scrambles to kee...
Hyundai Motor speeds up hydrogen bus charging business in Korea
South Korea’s Hyundai Motor Co. is set to become the largest shareholder of a local hydrogen-powered-vehicle charging station operator to boos...
South Korea’s 2025 minimum wage rises 1.7%; SMEs seen suffering
South Korea has set next year’s hourly minimum wage at 10,030 won ($7.3) – a 1.7% increase from this year’s 9,860 won, the second-...
