SeAH to invest $155.3 mn to build special alloy plant in US

SeAH Group, South Korea’s major steel group said to be a steel supplier to SpaceX, is set to foray deeper into the US, the world’s bigge...

KCCI to support Korean companies expanding into US

The Korea Chamber of Commerce and Industry (KCCI) partnered with the Korean American Chamber of Commerce of Los Angeles (KACCLA)  to address th...

Korea’s LX Pantos, China’s Sinotrans agree to launch logistics JV

LX Pantos Co., the logistics unit of South Korea’s LX Group, said on Thursday it will launch a multimodal transport joint venture with Sinotra...

Korea’s Eduwill suffers credit-rating cuts, capital erosion

Eduwill Corp., South Korea’s leading provider of online and offline test prep courses for adults, has taken a hit from a series of credit-rati...

SK Signet to supply EV chargers to Gilbarco

SK Signet Inc., South Korea's electric vehicle (EV) charger manufacturer, announced on Thursday that it partnered with Gilbarco Veeder-Root, the wor...

Record $259 bn yet to find investment targets in South Korea

South Koreans parked a record 350 trillion won ($259 billion) in cash-equivalents such as money market funds (MMFs) as they failed to find investmen...

Samsung Galaxy 5G phone tops ACSI in US

Samsung Electronics Co.'s Galaxy smartphone caught Apple in the cell phone manufacturer lead, taking the top spot among 5G phones, according to The ...

MSCI Korea Index adds Alteogen, Enchem, HD Hyundai Electric

South Korea's Alteogen Inc., Enchem Co., and HD Hyundai Electric Co. will be added to the Morgan Stanley Capital International (MSCI) Korea Index.MS...

OCI eyes acquisition of US biopharmaceutical company

OCI Holdings Co., South Korea’s largest polysilicon maker, is looking abroad to acquire a biopharmaceutical company in the US in a consortium,...

Liquidity crisis looms at S.Korea’s M Capital amid project financing debacle

South Korea's financing and finance leasing firm M Capital Co. is facing a growing risk of liquidity crunch as its attempts to refinance maturing de...

Nongshim to open stores in Leclerc, Carrefour; expands plant in US

Nongshim Co., a leading South Korean instant noodle maker, said on Tuesday it is setting up stores within France’s two largest supermarket cha...

Woori Bank offers internship for SE Asian students in S.Korea

South Korea's Woori Bank announced on Tuesday that it is recruiting interns targeting Southeast Asian students studying in Korea.This program aims t...

S.Korea-Malaysia central banks renew currency swap agreement

Central banks of South Korea and Malaysia renewed a bilateral local currency swap arrangement for an additional three years, the Bank of Korea (BOK)...

Samsung, SK Hynix expect chip prices to stay firm in 2024

Samsung Electronics Co. and SK Hynix Inc., the world’s two largest memory chip makers, forecast the prices of DRAM and high-bandwidth memory (...

Deutsche Bank's Korea IB head quits after country head resigns

Cho Man Chul, managing director and head of investment banking at Deutsche Bank in Korea, has resigned, according to people with knowledge of the ma...

Korean government vows stern response to Tokyo’s pressure on Naver

The South Korean government said on Monday it will resolutely respond to any “unfair” measures by Tokyo against Naver Corp., which is re...

Korea’s household debt growth at 5-month high on mortgages

South Korea’s household lending growth hit a five-month high in April as mortgage loans increased amid signs of a recovery in the property mar...

MedInTech attracts $14.6 mn series B investment

MedInTech Inc., South Korea's medical smart endoscopes startup, announced on Monday that it attracted a series B investment of 20 billion won ($14.6...

Korea Zinc to invest $146 mn in green business R&D hub

Korea Zinc Inc., South Korea’s and the world’s No. 1 lead and zinc smelter, will build its second research and development center, which...

Korea's Taeyoung to sell local hotel to speed up debt workout

South Korea’s Taeyoung Group, which is undergoing a debt workout of its construction unit, is considering selling a four-star hotel and releva...

Macquarie Korea Asset Management confirms two nominees

Macquarie Group has named two executives at its Seoul-based real asset investment unit, which manages the main Kospi-listed Macquarie Korea Infrastr...

Samsung hits highest US smartphone market share in 4 years

Samsung Electronics Co. has achieved its highest market share in the US smartphone market in four years, thanks to its first AI phone the Galaxy S24...

KEPCO teams up with Kyrgyzstan for new energy technology

Korea Electric Power Corp. (KEPCO), the state-run utility company, has joined hands with Kyrgyzstan for new energy businesses including high-voltage...

Korea Inc. ups dividend payouts despite falling net income

South Korean companies listed on the main bourse Kospi raised their dividend payouts between 2021 and 2023 despite falling net income in the same pe...

Korea: Underrated as seat of commercial arbitration

South Korean companies prefer seats of arbitration in other countries over domestic ones to resolve disputes even for the cases that could be settle...

Samsung SDS unveils supply chain solution in US

South Korea's Samsung SDS Co. introduced a supplier relationship management (SRM) solution at the Gartner Supply Chain Symposium 2024 in Orlando, Fl...

Japan’s heavy hand with Naver: Uneasy sign for market economy

Recent actions by the Japanese government and chief executives of LY Corp. and SoftBank Corp. are raising eyebrows, leading many to question whether...

South Korea Plans $7 Billion Push to Pivot EV Battery Industry Away From China

South Korea is dedicating around $7 billion to help wean its electric-vehicle battery supply chain away from China and align more with U.S. trade gu...

SK Hynix looks to expand AI memory leadership with new NAND chip

South Korea’s SK Hynix Inc. aims to expand its memory leadership in the artificial intelligence sphere beyond the high-performance DRAM segmen...

Chinese group tours to Korea poised for strong revival

Chinese group tours to South Korea are showing signs of a rebound, about 10 months since Beijing lifted its bans on Chinese group tours to Seoul las...