Korean PM Han says EV tax credits may violate FTA rules

The US Inflation Reduction Act (IRA) appears to have violated the Free Trade Agreement (FTA) between the country and South Korea, Korean Prime Minis...

Only 3 Korean energy companies make it on 2022 Fortune Global 500 list

SK Inc., KEPCO Co. and GS Caltex Corp. are the only South Korean firms among the 77 energy companies listed on the 2022 Fortune Global 500, based on...

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...

NPS, KIC, other Korean LPs commit $551 mn to Cinven's fund

Global private equity firm Cinven Ltd. has attracted €550 million ($551.3 million) from South Korean institutional investors for its eighth fla...

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...

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...

KAI signs $3 bn fighter jet export contract with Poland

Korea Aerospace Industries Ltd. (KAI), the country’s military aircraft manufacturer, has inked a formal deal worth $3 billion to export light ...

Growing Korean corporate VCs provide silver lining to startups

South Korean companies are rushing to set up their own venture capital units, so-called corporate venture capital firms, to seek new growth engines ...

Korean won rebounds on estimated $2 bn intervention

The South Korean won rebounded on Friday as the foreign exchange authorities were suspected of selling some $2 billion, showing its determination to...

POSCO expects typhoon to reduce sales by $1.5 billion

POSCO, the world’s sixth-largest steelmaker, has predicted sales to fall by $1.5 billion as a typhoon disrupted one of its plants in South Kor...

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 ...

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...

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...

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...

BofA names Korean American Mike Joo as head of North America GCIB

Bank of America Corp. has appointed Korean American Mike Joo as its new head of North America global corporate and investment banking (GCIB), accord...

Tumbling Korean won increases corporate debt burden

The South Korean won extended its losses to hit its weakest level since the 2008-09 global financial crisis on Wednesday, pressured by higher-than-e...

EV materials maker EcoPro tops the buy list of Korean stocks

Shares in EcoPro BM Co., a cathode material maker used in electric vehicle batteries, topped the list of South Korean stocks, for which an increased...

Sanofi, Korean biotech Lemonex ink material transfer agreement

South Korean biotech Lemonex Inc. has signed a material transfer agreement (MTA) with global pharmaceutical giant Sanofi S.A. to use the Korean bi...

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...

LG Energy, KT join KED’s top 30 Korean innovator list

KT Corp. and Studio Dragon Corp. have joined the ranks of South Korea’s most innovative companies thanks to their creation of cultural produ...

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...

Korean grocery delivery platform Oasis starts IPO process

South Korea’s grocery delivery platform Oasis Corp. filed for preliminary IPO screening to Korea Exchange on Sept. 7. The firm is aiming to li...

DB HiTek develops automotive power semiconductor tech

DB HiTek Co., South Korea’s major foundry chipmaker, developed the automotive power semiconductor process technology to meet the increasing de...

Kolmar Korea to enter $22 billion UAE Halal cosmetics market

Kolmar Korea Co., a supplier to global cosmetics brands such as Estee Lauder, is set to enter the 30 trillion won ($22 billion) Halal beauty market ...

DRX aims to be first Korean e-sports firm to go public with 2024 IPO

South Korea’s e-sports company DRX is aiming to become the first e-sports firm to list on the secondary bourse Kosdaq with its planned 2024 IP...

Broadcom not to force S.Korean tech companies on deals

US chipmaker Broadcom Inc. has pledged to cease putting undue pressure on Samsung Electronics Co. and other South Korean tech companies to sign deal...

Hancom to focus on cloud computing and AI services

South Korea’s homegrown software giant Hangul and Computer Group, also known as Hancom Inc. Group, is slated to transform itself into a cloud ...

Daewoo, Samsung bag $2.3 bn LNG ship order

Daewoo Shipbuilding & Marine Engineering Co. and Samsung Heavy Industries Co. secured LNG ship orders worth a combined 3.2 trillion won ($2.3 bi...

Korean shipbuilders yield No.1 spot to Chinese rivals

South Korean shipbuilders yielded their No. 1 position to Chinese rivals in August, according to Clarkson Research on Tuesday, as they shifted towar...

Polo shirts, classic sports fashion sees revival in Asia

Ralph Lauren Corp., the world-renowned fashion firm that features timeless design and a classic sporty style with its trademark Polo brand, is seein...