Korea’s LIG close to record $3.5 bn deal to export missile system to UAE
LIG Nex1 Co., a leading South Korean defense company, is close to a record $3.5 billion deal to export its surface-to-air missile system to the Unit...
MBK closes SSF II at $1.8 bn, largest Asian SSF since 2019
South Korea’s MBK Partners, one of the largest private equity firms in Asia, said it has raised $1.8 billion for its second special situations...
Hyundai Motor Group seeks to buy Korea waste treatment firm
Hyundai Engineering Co., Hyundai Motor Group’s construction arm, has joined the race to buy a South Korean garbage treatment company as the gr...
Lotte joins Korea’s UAM race as Hyundai closes ranks with others
South Korean conglomerate Lotte said on Tuesday it is joining hands with three other partners to enter the country’s urban air mobility (UAM) ...
SK, Beijing Easpring Material join hands on battery materials
SK Inc., the holding and investment company of South Korea’s SK Group, and Beijing Easpring Material Technology Co., a major Chinese cathode m...
Amazon poised for Fire tablet launch in Korea next year
Amazon, the world’s largest online shopping mall, is set to release its own Fire tablets in South Korea from as early as next year, penetratin...
Urea crisis lays bare South Korea’s heavy dependence on China
The diesel exhaust fluid crisis hitting South Korea across various industries lays bare the supply chain vulnerability of the country, which has hea...
Doosan near completing self-rescue plan with E&C sale
South Korea's Doosan Group is near finalizing a deal to sell Doosan Engineering & Construction Co. (Doosan E&C) to a consortium led by Seoul...
Korea’s state electric companies to cease coal power generation by 2050
State-run utility Korea Electric Power Corp. (KEPCO) and its six subsidiaries declared an aim to cease coal power generation by 2050 in a bid to pla...
HMM rakes in record quarterly profits on higher freight rates
HMM Co., South Korea’s largest container line, posted fresh record sales and profits in the third quarter, boosted by higher freight rates and...
Korea DEF crisis may ease as China will export urea
South Korea is expected to ease the diesel exhaust fluid (DEF) shortage for the short term as China has decided to resume customs clearance procedur...
S.Korea's IP trade balance swings to black in H1 2021
Success of Korean films on OTT platforms South Korea posted a surplus in its intellectual property rights trade balance in the first half of 2021. ...
Snowflake’s entry into Korea to intensify cloud service competition
Snowflake Inc., a US big data cloud provider, on Wednesday announced its entry into the South Korean market with the opening of a local office, inte...
Korea’s Hot Chicken Flavor Ramen maker to issue first bond
South Korea’s Samyang Foods Co., the maker of the Hot Chicken Flavor Ramen, plans to issue its first corporate bonds ever as it is expanding b...
Korea's major LPs to focus on core assets in US and Europe
The chief investment officers of 10 South Korean major limited partners (LPs), including pension funds, mutual aid associations and life insurance c...
Global supply crisis endangers S.Korea’s manufacturers
A South Korean electric equipment maker has decided not to seek any new orders as a spike in prices of commodities such as copper and supply disrupt...
Korea scrambles to address DEF supply shortage
South Korea is stepping up efforts to secure diesel exhaust fluid (DEF) such as diversification of supply sources as the shortage of the liquid used...
Korea’s Netmarble Neo drops listing plan as sentiment sours
South Korea’s game developer Netmarble Neo decided to withdraw its initial public offering plan as sentiment in the primary market sours amid ...
Google allows alternate in-app payment options in South Korea, though familiar fees remain
SEOUL—Alphabet Inc.’s Google plans to continue charging South Korean app developers a service fee for in-app purchases, even as users fo...
Deepening diesel exhaust fluid crisis puts Korea’s key industries at risk
The diesel exhaust fluid (DEF) shortage in South Korea stemming from China's suspension of urea exports is getting worse, as local DEF inventories a...
Jeju as Korea's new shopping mecca: Shinsegae's task ahead
Unlike Hawaii and Las Vegas, there is one thing missing on Jeju Island, South Korea's top tourist destination: premium outlets.The island hosted 15 ...
MBK's Lee listed among Forbes' power Asia businesswomen
MBK Partners' first female partner Lee In-kyung has made it to the list of Forbes Asia's 20 power businesswomen published in its November issue. For...
Kakao becomes Korea’s top platform firm, besting archrival Naver
Kakao Corp., best known for South Korea’s top mobile messenger app KakaoTalk, has become the country’s top platform company in terms of ...
North Korea can make more uranium for nuclear bombs than previously thought
SEOUL—North Korea has the capacity to make more base ingredients for nuclear bombs than previously believed, according to new research, sugg...
HYBE, Korea cryptocurrency exchange operator to co-launch BTS NFTs
HYBE Co., the label behind BTS, is expected to launch non-fungible tokens (NFTs) for assets of the world’s top boy band alongside the operator...
Diesel exhaust fluid shortage threatens Korea’s supply chain
A diesel exhaust fluid (DEF) shortage in South Korea is feared to disrupt the supply chain in Asia’s fourth-largest economy. The lack of the l...
Korean politicians seek to delay crypto taxation as another bubble looms
South Korean politicians are seeking to delay taxes on gains from cryptocurrency trading by one year as they gear up for the upcoming presidential e...
Sartorius to invest $300 mn in bio material, equipment plant in Korea
Sartorius AG, German laboratory equipment and raw material maker, is slated to invest $300 million in the next three years to build a plant in South...
Korea to buy back treasury bonds to curb rising interest rates
South Korea plans to buy back 2 trillion won ($1.7 billion) worth of government bonds in a move to stem a jump in market interest rates.The Ministry...
Wooyoungmi emerges as 'new luxury' menswear brand
When South Korean menswear brand Wooyoungmi had the highest sales in the men’s fashion hall of Paris-based luxury department store Le Bon Marc...
