Samsung Galaxy boosts YouTube Music’s market share in Korea

YouTube is quickly growing in South Korea’s music market, the world’s sixth-largest. The number of YouTube Music’s monthly active ...

Soaring metaverse stocks face mixed outlook in Korea

The share prices of South Korean metaverse companies have skyrocketed throughout this year, in an environment where fan meetings, press conferences ...

Nintendo Korea logs record-high revenue despite boycott of Japanese goods

Japanese video game giant Nintendo Co. posted an all-time high revenue in South Korea last year despite consumers boycotting Japanese products. The ...

Lee Kun-hee’s art collection exhibited from this month in Seoul

The lavish art collection donated by the Samsung Group following the death of group chairman Lee Kun-hee will be shown to the public from July 21. The...

Disney Plus' S.Korea launch delayed after Netflix's court loss

Disney Plus, a global over-the-top (OTT) streaming service provider, has pushed back its South Korean service launch by about a quarter to the end o...

Kakao’s Ground X to work on Korea central bank digital currency initiative

Kakao Corp.’s blockchain arm Ground X was selected as a simulator for the Bank of Korea-led central bank digital currency (CBDC) project, beat...

Fried chicken chain BHC set to acquire Outback Steakhouse Korea

South Korea’s second-largest fried chicken brand BHC Group has been named the preferred negotiator to acquire a 100% stake in the Korean opera...

SK Materials to form a JV with US battery startup Group14 Technologies

SK Materials Co., SK Group’s industrial gas manufacturing arm, will set up a joint venture (JV) with a US battery materials startup Group14 ...

Samsung Heavy aims renewable energy markets with offshore wind floater

South Korea’s Samsung Heavy Industries Co. unveiled an offshore wind floater to branch out into renewable energy markets at home and abroad. ...

Korea’s cash-rich firms issue more bonds amid low interest environment

Some of the most cash-abundant firms across different industries in South Korea are issuing large amounts of bonds to raise even more funds amid a l...

SpaceX to launch S.Korea’s next-generation satellite

Elon Musk’s SpaceX and Korea Aerospace Industries (KAI) have joined hands to develop next-generation mid-sized satellite projectiles, suggesti...

Korea Inc. rush to sell property, new shares to fund new business

South Korea’s major companies are rushing to secure cash to fund new business. Some have sold or securitized property, while others issued n...

Kakao Pay must refile IPO registration statement to FSS

South Korea’s financial regulator Financial Supervisory Service (FSS) on July 16 requested correction of Kakao Pay’s IPO registration st...

Korea forms ambitious public-private green ammonia alliance

South Korea has taken a major step forward in building the hydrogen economy by forming an extensive green ammonia alliance involving 13 private firm...

Bank of Korea sets stage for tightening after holding rates

South Korea’s central bank chief sent a strong indication of tightening later this year after the Bank of Korea (BOK) left its monetary policy...

Korea’s new PCR kits, devices to speed COVID-19 detection

South Korea’s biotechnology companies are releasing polymerase chain reaction (PCR) kits and equipment to detect COVID-19 infections within an...

7brau becomes Korea's second craft brewery en route to IPO

South Korea-based Seven Brau Co., or 7brau, is poised to become the country's second craft brewery to make a trading debut, following the footsteps ...

Korea’s auto parts makers post record revenues in 2020

South Korea’s auto components makers posted another year of strong sales in the global market last year, according to the Detroit-based Automo...

LG Chem to invest $8.7 bn in battery material, renewable, bio sectors

LG Chem Ltd., South Korea’s top chemical maker, said on Wednesday it will invest 10 trillion won ($8.7 billion) in the battery material, renew...

IMM PE to buy $1.3 bn stake in Korea’s top furniture brand Hanssem

Hanssem Co., South Korea’s largest furniture and home furnishing company, said on Wednesday its honorary chairman and other key shareholders h...

Samsung courts image sensor leader Sony with new automotive products

Samsung Electronics Co., the world’s second-largest image sensor maker, is courting industry leader Sony Corp. with its new line of automotive...

Korea Investment raises $600 mn in first foreign currency bond issue

Korea Investment & Securities Co. raised $600 million in its first foreign currency bonds at lower-than-planned interest rates on strong demand....

Delivery Hero seeks more time to sell Korea's Yogiyo

Delivery Hero SE has requested up to another six months to sell South Korea's No. 2 food delivery platform Yogiyo, the estimated value of which was ...

Nongshim to launch Shin Ramyun fried noodles

South Korea’s top instant noodle maker Nongshim Co. is adding another product range under its world-famous Shin Ramyun brand: fried noodles. N...

Korea's first-generation retail platform Interpark up for sale

South Korea-based Interpark Corp., one of the country’s first-generation online retail platforms, is up for sale. According to the invest...

Korea's automobile exports log double-digit growth between Jan and May

Automobile exports log double-digit growth for five straight months In May 2021, exports of automobiles nearly doubled compared to the year-earlier...

BlackRock in talks to acquire Korea’s ESG-focused IGIS Private Equity

BlackRock Inc., the world’s largest asset manager, is in talks to acquire IGIS Private Equity, a South Korea-based firm specialized in eco-fri...

Global EV race kicks off with key players investing $168 bn

The global auto industry is rapidly making a full-fledged shift towards electric vehicles (EVs), with the world’s five major market players, i...

World’s top COVID-19 test kit maker draws $28 bn in IPO subscriptions

The IPO of SD Biosensor Inc., which has sold the most COVID-19 test kits in the world -- selling more than 700 million kits from February 2020 to Ma...

SK IE Technology throned as top battery materials stock on Korean bourse

SK IE Technology Co. (SKIET), a unit of SK Innovation Co., has climbed to the top ranking among battery materials makers in terms of market capitali...