South Korea sets sights on fostering EDA tech to win HBM chip war

South Korea sets sights on fostering EDA tech to win HBM chip war

In an escalating war in the semiconductor industry, insiders know there’s one technology critical for gaining chip supremacy: Electronic desig...

S.Korea sees foreign visitors 95% of pre-pandemic

S.Korea sees foreign visitors 95% of pre-pandemic

The Korea Tourism Organization (KTO) announced on Friday that the number of foreign tourists visiting South Korea in May was 1.42 million, an increa...

Naver Whale features in Renault Korea vehicles

Naver Whale features in Renault Korea vehicles

South Korea’s homegrown web browser Whale, developed by Naver Corp., will be installed in Renault Korea cars. Naver Cloud announced on Friday...

Lotte Chemical's rating outlook cut on worsening financials

Lotte Chemical's rating outlook cut on worsening financials

South Korea’s No. 2 petrochemicals maker Lotte Chemical Corp. has taken a hit from a lowered credit-rating outlook of the company and its majo...

Duty-free stores: Golden goose gone for Korean retailers

Duty-free stores: Golden goose gone for Korean retailers

South Korea welcomed a record-high number of post-pandemic foreign tourist arrivals for a single quarter in the first three months of this year, but...

S.Korea’s consumer goods exports to top $100 bn in 2024: KOTRA

S.Korea’s consumer goods exports to top $100 bn in 2024: KOTRA

South Korea is projected to reap more than $100 billion from selling the country’s consumer goods overseas this year. Exports of such products...

POSCO restarts furnace after upgrade with smart system

POSCO restarts furnace after upgrade with smart system

POSCO, the world’s seventh-largest steelmaker, on Thursday restarted a blast furnace in South Korea following a revamp applying a smart system...

Woori to buy Dajia’s insurers in Korea for up to $2.2 bn

Woori to buy Dajia’s insurers in Korea for up to $2.2 bn

Woori Financial Group Inc., South Korea’s fourth-largest financial services holding company, is set to acquire China’s Dajia Insurance G...

POSCO gears up for carbon-free steelmaking with hydrogen

POSCO gears up for carbon-free steelmaking with hydrogen

POHANG, North Gyeongsang Province – POSCO, the world’s seventh-largest steelmaker, is set to significantly reduce emissions in the produ...

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

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...

Jin Air earns Sustinvest ESG A grade

Jin Air earns Sustinvest ESG A grade

South Korea's low-cost carrier (LCC) Jin Air announced on Wednesday that it received an A in the Sustinvest ESG (Environmental, Social, Governance) ...

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

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

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...

SK On to sell $360 mn in perpetual bonds amid tough EV market

SK On to sell $360 mn in perpetual bonds amid tough EV market

SK On Co., the world’s fifth-largest electric vehicle battery maker, plans to sell 500 billion won ($359.6 million) in its first perpetual bon...

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

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...

KAI inks $1.4 bn supersonic fighter jet mass production deal

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...

Hanwha Life Financial Services gets A+ credit rating

Hanwha Life Financial Services gets A+ credit rating

South Korea's Hanwha Life Financial Services said on Tuesday it received an A+ (Stable) credit rating from Korea Ratings, becoming the first domes...

EV battery maker LG Energy eyes $2 bn global bond sale

EV battery maker LG Energy eyes $2 bn global bond sale

LG Energy Solution Ltd., the world’s third-largest electric vehicle battery maker, is poised to raise $2 billion in global bonds by the end of...

Doosan emerges as darling in Korea’s BBB bond market

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 ...

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

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

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 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

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

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 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

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...

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

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 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...

SK asks KDB for further funding before drastic restructuring

SK asks KDB for further funding before drastic restructuring

SK Group, South Korea’s second-largest business group in terms of total assets, has asked the country’s state-run Korea Development Bank...

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

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...

HYBE Chair Bang referred to prosecutors over alleged unfair trading Vietnam’s top leader to make 1st South Korea visit in 11 years Test case looms for Korea’s revised Commercial Act as VIP Asset challenges Lotte Rental’s rights issue to Affinity HYBE sparks summer vibes with BTS live album, TXT comeback, new boy band launch K-beauty contract manufacturers see record Q2 profits; rally likely to continue