Heavy inheritance, gift taxes spur rich Koreans to emigrate to Singapore

A South Korean co-CEO of a blockchain investment firm with hundreds of millions of dollars in assets moved to Singapore last year to avoid the North...

S.Korean AI content platform Zeta surpasses 1 mn users

South Korean generative artificial intelligence (AI) startup Scatter Lab said on Monday its interactive AI content platform Zeta has surpassed 1 mil...

Korean brokerages flock to debt market with securities bonds on bull run

South Korea’s leading brokerage houses are flocking to the debt market as bonds issued by securities companies are in growing demand, industry...

Bain Capital puts beauty device maker Classys on market

Bain Capital has embarked on the process to sell a majority stake in Classys Inc., a South Korean medical aesthetic device maker. The deal is estima...

POSCO International eyes M&A in US natural gas market

POSCO International Corp., the general trading and energy exploration unit of South Korea’s steel giant POSCO Holdings Inc., is considering ac...

Samsung C&T consortium wins $1.6 bn Turkish highway project

A consortium of Samsung C&T Corp., South Korean state-run firms and a Turkish builder won a $1.6 billion project to build and run a highway in t...

Korea Investment Management to list Global AI-based ASIC ETF

Korea Investment Management Co. said on Monday it will list the ACE Global AI ASIC exchange-traded fund (ETF) on October 22. The ETF will focus on ...

KB Kookmin Bank opens branches in Chennai, Pune

South Korea's KB Kookmin Bank opens branches in Chennai and Pune, major economic hubs in India on October 21. The bank, which established its Gurug...

LG 2024 OLED TVs named as best TV in US

LG Electronics Inc. 's  2024 organic light-emitting diode (OLED) TVs were named as the best OLED TV by several prominent US media outlets.Accor...

Australia, Asia real estate whet Korean pension funds' appetite

South Korean pension funds and insurance companies are raising their bets on real estate as they diversify their US and Europe-focused portfolios in...

Online lender K Bank withdraws plan for Kospi listing

K Bank, a South Korean online bank, has postponed its initial public offering (IPO) plan to list on the main bourse Kospi later this month.The digit...

Twenty-something female away team fans lead Korean baseball craze

South Korea’s professional baseball league games enjoyed record-high attendance of more than 10 million this year thanks to the growing number...

LG Chem targets functional cosmetics market with bio-materials

LG Chem Ltd., the world’s fourth-largest chemicals manufacturer, is targeting the functional cosmetics market with bio-materials derived from ...

Jimmy John’s to open its first store in Seoul in October

U.S. sandwich franchise Jimmy John's will open a store in Gangnam, Seoul, in October, the company announced on Thursday.This will be Jimmy John's fi...

Private debt remains attractive; NPLs rekindle interest

Private debt remains attractive for South Korean pension and big asset owners, although they may offer lower yields than before given recent interes...

Korean pension funds to up private equity exposure in 2025

South Korea's major pension and savings funds see no drastic reshuffle to their portfolios tilted to private debts next year. But they are looking t...

UCK Partners advises Korean-style approach for buyout deals

An increasing number of South Korean companies are on the radar of private equity investors as the firms undergo digital transformation and generati...

Activist Palliser Pushes for Change at AI Chip Investor SK Square

Activist investor Palliser Capital has built a stake in the holding company of highflying artificial-intelligence chip maker SK Hynix Inc. and is pu...

Galaxy S24 Ultra named best cellphone in US by consumer magazine

Samsung Electronics Co. 's Galaxy S24 Ultra was ranked as the best-performing smartphone in the US, surpassing Apple’s iPhone 16 Pro Max in a ...

Mom's Touch to enter Laos in 2025

South Korean homegrown burger and chicken brand Mom's Touch & Co. said on Wednesday that it signed a master franchise agreement with Laos-based ...

S.Korean livestreaming platform SOOP eyes global market

AfreecaTV, South Korea’s first-generation interactive livestreaming service with a nearly two-decade history, has started a new chapter under ...

Global Sae-A completes spinning mill in Costa Rica

South Korea's Global Sae-A Group said on Monday it had inaugurated a third spinning factory for its yarn-producing subsidiary, Sae-A Spinning, in ...

Hyundai Glovis to enter breakbulk transport business

South Korea's Hyundai Glovis Co. said on Tuesday it participates in Breakbulk Americas 2024, a four-day event in Houston starting on October 15.&n...

Zero-sum fears arise in S.Korean airlines’ game of chicken

South Korea’s air carriers are fiercely vying for lucrative or untapped routes in a game of chicken to shore up their falling profit, raising ...

Nobel laureate Han Kang craze revives Korean book market

South Koreans are flocking to bookstores to snap up 2024 Nobel laureate Hang Kang’s novels, making her books — and even those of her nov...

Mirae Asset gets int'l privacy protection certification

South Korea's Mirae Asset Securities Co. said on Monday that it won the international personal information standard ISO 27701 certification after un...

POSCO Future M begins NCA production in Pohang

South Korea's POSCO Future M Co. has started production of nickel, cobalt, aluminum (NCA) cathode materials at its Pohang factory, three months ea...

Hyundai Mobis, Zeiss to mass-produce holographic HUDs in 2027

South Korea’s Hyundai Mobis Co., the world’s No. 6 auto parts supplier, has teamed up with German optics giant Zeiss to mass-produce nex...

Korea Investment lists structured warrants in Indonesia

Korea Investment & Securities Co. has become the first South Korean securities firm to list derivative warrants in Indonesia after issuing 11 st...

Foreign appetite for Korean stocks wanes with $5.5 bn in September sales

Foreign investors' appetite for South Korean stocks turned sour with sales of 7.36 trillion won ($5.5 billion) worth of shares on the Korean bourse ...