Korea’s Optrontec eyes growth in optical lens sales as EVs take off
Optrontec Inc., a small South Korean manufacturer and provider of optical filters, lenses and three-dimensional sensing technology, has been ramping...
Korean REIT backed by Amazon’s Japan warehouse eyes $280 mn IPO
A South Korean real estate investment trust (REIT) backed by Amazon’s largest logistics center in Japan and an office complex in Seoul is plan...
South Korea claims top spot in 2020 global shipbuilding orders
South Korean shipbuilders won the most shipbuilding orders worldwide in 2020, overtaking China and claiming the lead in the global shipbuilding indust...
Korea Post names new CIOs of savings, insurance arms
Korea Post has appointed new chief investments officers of both its savings and insurance units, in an internal reshuffle of senior managers at the ...
Renault vows action if Korean unit fails to improve productivity, cut costs
French auto giant Groupe Renault has warned of stern action against its struggling South Korean unit, urging it to improve productivity and cut cost...
GM Korea to cut production; carmakers call for govt action
The South Korean arm of General Motors Co. has become the country’s first automaker forced to cut production due to the global semiconductor c...
Big Hit, Naver to join with Universal Music to take K-pop platform global
Big Hit Entertainment Co., the label behind K-pop sensation BTS, and portal giant Naver Corp. are set to team up with Universal Music Group, the wor...
Korea to lift short-selling ban on large stocks; retail investors resist
South Korea’s financial regulator has decided to allow the short selling of large-cap stocks from May 3 despite opposition from retail investo...
Retail investors test Celltrion, HLB shares as Korea’s GameStop
Celltrion Inc. and HLB Inc., two leading South Korean biopharmaceutical shares, shot up on Monday as the main bourse’s key index climbed back ...
Korea’s top online flea market set to raise $180 mn in funding
Danggeun Market Inc., South Korea’s largest online flea market operator, is poised to raise up to 200 billion won ($180 million) in fresh fund...
S.Korea's short-selling ban may face second extension; longest to date
South Korea’s financial authorities and the ruling Democratic Party are likely to extend the country's ban on short selling for another three ...
Naver plans over $1 bn bond issue in H1 to finance platform investment
Naver Corp., South Korea’s top online portal, plans a bond issue worth as much as 1.26 trillion won ($1.13 billion) in local and ove...
IMF official warns against S.Korea’s short-sale ban
A senior official of the International Monetary Fund (IMF) on Thursday warned against the extended ban on stock short selling in South Korea, saying...
LG, Qualcomm to cooperate in 5G platforms for connected cars
LG Electronics Inc. and Qualcomm Technologies Inc. have agreed to cooperate in the development of 5G wireless platforms for next-generation connecte...
Korea posts worst economic contraction since 1998; down 1%
South Korea’s economic growth rate dropped by 1 percent last year, its worst performance since the 1998 Asian financial crisis when the coun...
GM Korea to curb production as global chip shortages worsen
GM Korea Co., a subsidiary of US auto giant General Motors Co., is slashing production rates due to a component supply disruption, the latest sign t...
S.Korea's online fashion platform eyes global expansion
Online fashion platform Musinsa Co., a familiar name among Gen Zers and millennials in South Korea, is ready to go global. This month, the Korean co...
Naver to acquire web novel platform Wattpad for $593 mn
South Korea’s portal giant Naver Corp. will acquire Wattpad, the world's largest web novel platform based in Toronto, for 653.2 billion wo...
Internet portal Naver in negotiations to buy Korea’s Jeju Bank
Naver Corp., South Korea’s top online portal, is interested in buying Jeju Bank, named for and based on the country's largest island, to secur...
NCSoft’s UNIVERSE fuels competition in K-pop entertainment platforms
South Korean game publisher NCSoft Corp. is fueling competition in the online entertainment platform market with the planned launch of its own app, ...
Delivery Hero could face up to $1.4 bn in fines if it fails to sell Yogiyo
Food delivery giant Delivery Hero SE is facing some time pressure to sell South Korea’s No. 2 food delivery app Yogiyo, estimated at 2 trillio...
Korea requires major companies to disclose ESG activities from 2025
Big companies listed on South Korea’s major stock market will be required to disclose their business activities related to environmental, soci...
S.Korea’s VC fundraising hits all-time high in 2020
Venture capital funds in South Korea have raised their largest-ever amount of 6.6 trillion won ($6 billion) last year, supported by government polic...
KKR’s Asia real estate fund draws around $400 mn from Korea
South Korean institutional investors, including the National Pension Service, have committed around $400 million to KKR’s Asia real estate f...
KKR’s $3.9 bn Asia infra fund raises $130 mn from Korea
The Korean Teachers’ Credit Union (KTCU) and financial services firms in South Korea have committed $130 million to KKR & Co.’s inau...
S.Korea's cleaning and disinfecting appliance exports soar amid COVID-19 pandemic
Increased time spent at home due to the prolonged COVID-19 pandemic has led to the rise in exports of cleaning and disinfecting appliances, including ...
Yellow Umbrella Mutual seeks Korea's bond managers for $550 mn mandate
The Yellow Umbrella Mutual Aid Fund, a $12 billion savings arm for South Korea’s small business owners, is looking to mandate four domestic fi...
CPPIB owns one-quarter of Korea’s listed logistics REIT
The Canada Pension Plan Investment Board (CPPIB) has emerged as the top shareholder in South Korea’s only listed logistics real estate inves...
Korea Resources seeks sale of Australia coal mine to slash debt
Korea Resources Corp. is planning to sell its 82.25% stake in a coal mine in Australia, as part of efforts to cut its debt totaling 6.7 trillion won...
S.Korea's ESG bond issues could top $920 mn in Jan
South Korea's environmental, social and governance (ESG) bond market is seeing strong growth as companies are driven by institutional investors' inc...
