Korean fintech sector struggles amid liquidity drought

A three-year-old South Korean fintech company is having trouble raising money through a Series B funding round as investor sentiment on the sector h...

Korea’s No. 1 bookstore Kyobo seeks to acquire OTT platform Watcha

The Kyobo Book Centre, South Korea’s largest bookstore chain, is seeking to acquire over-the-top (OTT) platform Watcha Inc. to expand its busi...

S.Korea cuts US Treasury holding by $18.9 bn in Jan-July

South Korea had sold a net $18.9 billion of US Treasury bonds in the first seven months of this year, data showed, as foreign exchange authorities w...

LG Elec., GS EPS join forces to produce, use solar power in Korea

LG Electronic Inc. is set to produce solar energy to support 10% of the annual electricity consumption at its Changwon plant in South Korea.The firm...

Korea unveils autonomous driving, commercial drone service roadmap

South Korea aims to launch advanced autonomous driving, commercial drone and other urban air mobility services by 2025, as the country strives to be...

Startup minister vows to support Korean firms' entry into overseas markets

South Korea’s startup minister Lee Young vowed to support the country’s startup ecosystem on Sunday, during her tour to the United State...

Shareholder activism gathers momentum in South Korea

Institutional investors gathered momentum for shareholder activism in South Korea not only to boost their values but also to improve corporate gover...

Korea battery, chip companies fail to reboot IPO market

South Korea’s battery and semiconductor companies, stock investors’ favorites, failed to revive the local initial public offering market...

Korea's SG Private Equity to buy local industrial gas supplier

South Korea’s SG Private Equity is set to acquire local industrial gas supplier Hankook Special Gases Co. for a deal in the early 100 billion ...

S.Korea's manufacturing sector posts biggest job growth in Aug

South Korea’s manufacturing industry accelerated its job growth in August to post its biggest monthly increase in almost a decade, driven by r...

Disney focuses on local content for global expansion

ANAHEIM, California -- The Walt Disney Co. is concentrating on local content to attract more viewers worldwide for its streaming services through do...

Ford CEO heads to Korea to discuss EV tax credit with LG Energy, SK On

Ford Motor Co. Chief Executive Jim Parley will visit South Korea early next week to meet with chief executives of its battery suppliers LG Energy So...

Korea vows favorable taxation for US, foreign firms

South Korea's National Tax Service (NTS) and the American Chamber of Commerce in Korea (AMCHAM) held a meeting on Sept. 16 to discuss favorable ta...

S.Korea may have spent over $700 mn to support ailing won

South Korea was estimated to have dumped more than $700 million on Thursday to support the ailing won currency as it risked breaking through the psy...

Korea lags peer nations in robot industry

South Korea’s competitiveness in the robot industry is among the world’s lowest even though the country is one of the largest buyers of ...

EMP Belstar launches $300 mn Korea logistics fund

Energy and infrastructure-focused private equity firm EMP Belstar has launched its second logistics fund targeting cold storage facilities in South ...

Typhoon may offer Korea excuse it needs to oust POSCO CEO

South Korea is set to investigate POSCO, the world’s sixth-largest steelmaker, to clarify who is responsible for the damage to its typhoon-hit...

SK Tel CEO says low valuation tops list of his concerns

South Korea’s SK Telecom Co. is undervalued relative to its robust earnings and steady dividend payouts and needs to boost new AI-driven growt...

South Korea’s uncomfortable place between US and China

South Korea has long known what it feels like to be “sandwiched.” This was how Samsung’s Lee Kun Hee in 2007 described the economy&r...

CJ OliveNetworks to expand fandom platform services

CJ OliveNetworks Co., a South Korean digital software developer, has joined hands with bemyfriends, a startup specializing in the global K-pop fando...

Terraform Labs co-founder Do Kwon faces arrest warrant in South Korea

A South Korean court issued an arrest warrant to Terraform Labs co-founder Do Kwon, a cryptocurrency ecosystem that imploded earlier this year. ...

South Korea bans L&F from building a battery material plant in US

The South Korean government has banned L&F Co., a battery materials maker, from building a new plant in the US amid a controversy over the Infla...

South Korea fines Google, Meta $72 million for privacy violations

South Korea’s privacy protection regulator on Wednesday levied millions of dollars in fines on Alphabet’s Google LLC and Facebook operat...

SK Telecom-led consortium to commercialize air taxis on Jeju Island

Come 2025, visitors to South Korea’s resort island of Jeju will be able to hail air taxis while there – thanks to special air routes ded...

SK allots 40% of local spending to non-capital areas

SK Group, South Korea’s second-largest conglomerate after Samsung, will funnel 67 trillion won ($48 billion), or about 40% of its 2022-2026 do...

Biden’s move to beef up US bio industry poses threat to Korean firms

President Joe Biden’s plan to support the US biomanufacturing infrastructure aimed at containing China’s clout is posing a threat to Sou...

S.Korea in for longest monthly trade deficit spell in 25 yrs

South Korea is poised to report a trade deficit for a sixth straight month in September, which would mark its longest period of trade shortfalls in ...

Foreign-owned companies in Korea send hefty profits back home

South Korean firms wholly owned by foreign companies sent more than 1.1 trillion won ($800 million) back home for the fiscal year of 2021 in aggrega...

S.Korea plans to adopt mandatory pre-disclosure of major insider trading

Executives and major shareholders of South Korea’s listed companies will be obligated to disclose their share transaction plans at least 30 da...

Gucci to hold Alessandro Michele-directed show at Korean royal palace

Italian luxury fashion house Gucci will hold a fashion show choreographed by its famous creative director Alessandro Michele at a South Korean royal...