Korea’s Yoon govt to raise nuclear power to 34% of energy source

Korea’s Yoon govt to raise nuclear power to 34% of energy source

South Korea’s incoming government plans to extend the service life of eight more nuclear power plants than originally planned as President-ele...

KT showcases AI-powered robots, traffic control program at tech fair

KT showcases AI-powered robots, traffic control program at tech fair

KT Corp., a major South Korean telecommunications company, unveiled its new digital transformation services using artificial intelligence, big data ...

Korea lawmakers confirm IMF veteran as new BOK chief

Korea lawmakers confirm IMF veteran as new BOK chief

South Korea’s lawmakers gave the nod to the nomination of veteran International Monetary Fund official Rhee Chang-yong as the country’s ...

Korean firewater lures more young Japanese

Korean firewater lures more young Japanese

South Korea’s distilled spirit soju is alluring more young drinkers in Japan, the home of its rival liquor shochu, as K-content such as drama ...

FutureChem seeks FDA nod for prostate cancer radiopharma trials

FutureChem seeks FDA nod for prostate cancer radiopharma trials

FutureChem Co., a South Korean radiopharmaceutical company, is seeking the US Food and Drug Administration’s approval for clinical tests of it...

Korea, Lone Star brace for ruling on decade-long dispute

Korea, Lone Star brace for ruling on decade-long dispute

An international arbitrator is set to rule on a decade-long legal tussle between South Korea and Lone Star Funds as early as next month over the US ...

One Store refiles IPO application, changing peer group list

One Store refiles IPO application, changing peer group list

One Store Co., investment firm SK Square Co.'s homegrown app store, is gearing up for an initial public offering to be held in May. The local app st...

Hilton Seoul to transform into UAM landing area

Hilton Seoul to transform into UAM landing area

South Korea's Hyundai Engineering & Construction Co. (Hyundai E&C) plans to build the country's first landing area for urban air mobility (U...

Surging dividend outflows to hit Korea's current account balance, won

Surging dividend outflows to hit Korea's current account balance, won

Dividend payments of foreign companies operating in South Korea have nearly doubled and the repatriation of profit to their headquarters is expected...

Korea shipbuilders shine in cloudy stock market on strong orders

Korea shipbuilders shine in cloudy stock market on strong orders

South Korean shipbuilders’ shares stood high in the subdued local stock market as strong order books stoked predictions of earnings improvemen...

Naver emerges as Hanjin KAL’s white knight with stake purchase

Naver emerges as Hanjin KAL’s white knight with stake purchase

South Korea’s online portal giant Naver Corp. has emerged as one of Hanjin KAL Co.'s key friendly shareholders, throwing its clout behind Chai...

Korea firms’ Shanghai plants to remain disrupted long on lockdown

Korea firms’ Shanghai plants to remain disrupted long on lockdown

South Korean companies’ production in Shanghai is expected to remain disrupted long on the lockdown to curb the spread of COVID-19, raising co...

S.Korea’s luxury e-commerce startups poised to become unicorns

S.Korea’s luxury e-commerce startups poised to become unicorns

South Korea’s e-commerce startups are enjoying massive hikes in their valuations on the back of robust online spending by millennials and memb...

Korea Post to hire two GPs for global infrastructure debt

Korea Post to hire two GPs for global infrastructure debt

  Korea Post, South Korea's state-run postal service agency, said on April 14 that its insurance arm will select two asset managers for a maxi...

BOK unexpectedly hikes interest rate as inflation accelerates

BOK unexpectedly hikes interest rate as inflation accelerates

South Korea’s central bank on Thursday raised its policy interest rate in a surprise move as accelerating inflation is feared to bite into gro...

Naver aims to attract 1 bn users via active M&As by 2027

 Naver aims to attract 1 bn users via active M&As by 2027

Naver Corp. vows to attract 1 billion users around the world and generate 15 trillion won ($12.2 billion) in five years. Only FAANG companies...

Musinsa seeks to buy Japan-focused rival fashion platform

Musinsa seeks to buy Japan-focused rival fashion platform

South Korea's top online fashion platform Musinsa is in the last stages of talks to acquire a domestic rival that caters primarily to Japanese shopp...

Naver, Kakao shares to fall further on sluggish outlook

Naver, Kakao shares to fall further on sluggish outlook

Shares of Naver Corp. and Kakao Corp. are expected to decline further after South Korea’s top two platform giants already lost 20 trillion won...

Korea Dongkuk targets record profit on Brazil CSP’s brisk earnings

Korea Dongkuk targets record profit on Brazil CSP’s brisk earnings

Dongkuk Steel Mill Co., South Korea’s third-largest steelmaker, is expected to continue to benefit from the strong earnings of its Brazilian u...

Samsung Group hires governance expert for unprecedented reorganization

Samsung Group hires governance expert for unprecedented reorganization

Samsung Electronics Co. has hired a 20-year governance veteran for its much-awaited corporate governance restructuring, according to those familia...

POSCO Chemical to raise $244 mn in green bonds

POSCO Chemical to raise $244 mn in green bonds

POSCO Chemical Co., South Korean steelmaker POSCO Group’s chemical and battery material unit, said on April 8 that it will issue green bonds w...

Fila Korea: Hidden beneficiary of China’s guochao fashion trend

Fila Korea: Hidden beneficiary of China’s guochao fashion trend

The burgeoning Chinese fashion fad, known as guochao, has pushed out or significantly reduced the popularity and influence of Western and other well...

Naver Webtoon to release three DC comics series from May

Naver Webtoon to release  three DC comics series from May

Naver Webtoon Ltd., the digital comics platform of South Korea’s online portal giant Naver Corp., is slated to intensify its partnership with ...

S.Korea’s top securities firms enjoy high returns on fintech investment

S.Korea’s top securities firms enjoy high returns on fintech investment

South Korea’s startups raked in a record amount of investment last year, thanks to the number of unicorns reaching an all-time high.This was n...

S.Korea’s retail investors put record amount in overseas stocks

S.Korea’s retail investors put record amount in overseas stocks

South Korea’s retail investors poured 22.9 trillion won ($18.8 billion) into purchasing overseas stocks last year, according to the country's ...

S.Korea to scrap plans to sell Ambatovy mine stake

S.Korea to scrap plans to sell Ambatovy mine stake

President-elect Yoon Suk-yeol will scrap the outgoing government’s plan to sell off its stakes in loss-making overseas mines, including the Am...

Korea Post to tap two GPs for global PE secondaries

Korea Post to tap two GPs for global PE secondaries

Korea Post, South Korea's state-run postal service agency, said on April 6 its savings arm will choose two asset managers for two closed-end comming...

Carlyle, Solvay show interest in Korea's PI Advanced

Carlyle, Solvay show interest in Korea's PI Advanced

PI Advanced Materials Co., the world’s largest polyimide (PI) film manufacturer, has drawn about 10 preliminary bidders, including The Carlyle...

Slack gains more than 1,000 clients in S.Korea in just two years 

Slack gains more than 1,000 clients in S.Korea in just two years 

The seven hottest tech companies and startups in South Korea earned a new nickname, a word combining their first syllables. What they also have in c...

S.Korea to scrap ambitious 2050 renewable energy target

S.Korea to scrap ambitious 2050 renewable energy target

South Korea’s incoming government will scrap the country’s ambitious goals of expanding renewable energy sources to 70% of the electrici...

Allianz-backed Koh Young’s brain surgery robot set for US debut by End-August Roborock’s privacy policy fuels data leak fears over Chinese goods Sale of $1.5 bn Pangyo Tech 1, overseen by Mirae Asset, draws strong bids from global PEFs Kia to make, sell China-launched EV5 in Korea to keep top spot Samsung Asset leads H1 AUM rankings amid ETF boom