MBK puts Homeplus’ supermarket chain unit up for sale

MBK Partners, the North Asia-focused private equity firm, has put the supermarket chain unit of South Korea’s hypermarket operator Homeplus up...

Samsung launches CSR mobile magazine

Samsung Electronics Co. announced on Monday that it launched the Samsung CSR Mobile Magazine, an online webzine dedicated to highlighting the compan...

OTT platform TVing gets tailwind from CJ ENM's TV series

TVing, the second-largest over-the-top (OTT) platform in South Korea, has been gaining momentum from hit series such as “Lovely Runner,”...

Korean shopping mecca Dongdaemun Market's vacancy rates soar

Store vacancy rates in South Korea’s largest shopping mecca Dongdaemun Market have soared to as high as 86%, with Chinese e-commerce platfor...

Qoo10 launches K-Avenue for S.Korean products

Southeast Asia-based e-commerce platform Qoo10 Pte. announced on Tuesday that it launched K-Avenue, a sales channel for Korean products, on the newl...

Yanolja gains momentum with cloud, overseas trip businesses

SoftBank-backed Yanolja Co. cheered stellar earnings in the first quarter after its new businesses – cloud and outbound trip services – ...

LG CNS' marketing platform MOP surpasses 800 corporate customers

South Korea’s LG CNS Co., a cloud computing services arm of LG Corp., announced on Thursday that its Marketing Optimization Platform (MOP), la...

Krafton's Overdare conducts alpha test in SE Asia

South Korea's gaming giant Krafton Inc. announced on Wednesday that it will conduct an overseas alpha test for Overdare, a mobile user-generated con...

Korea scraps ban on online purchase of 80 items from abroad

South Korea has scrapped a plan to ban direct purchases of some 80 items from overseas e-commerce platforms, a government office said on Sunday, aft...

KB Kookmin Bank, Cambodian Central Bank to build payment system

South Korea's KB Kookmin Bank announced on Friday that it signed a memorandum of understanding (MOU) with the National Bank of Cambodia to establish...

South Korea to ban Chinese online products without KC certification

South Korea will ban products purchased online through overseas shopping platforms but without the KC certification amid growing concerns about prod...

Korea’s LX Pantos, China’s Sinotrans agree to launch logistics JV

LX Pantos Co., the logistics unit of South Korea’s LX Group, said on Thursday it will launch a multimodal transport joint venture with Sinotra...

Hyundai’s first full-size electric Genesis GV90 to roll out in late 2025

The Genesis, Hyundai Motor Co.'s standalone premium brand, will launch its first full-size electric sport utility vehicle, the GV90, late next ...

LG Uplus unveils Yonsei Univ. Metaverse Campus

South Korea's LG Uplus Corp. announced on Tuesday that its university metaverse platform Uverse unveiled a dedicated metaverse campus called Meta Yo...

Shilla Duty Free to co-work with China's largest lifestyle info platforms

South Korea's Shilla Duty Free Shop announced on Thursday that it partnered with Meituan and Dazhong Dianping, China's largest travel and lifestyle ...

Native Korean fast-fashion brands poised to snatch market

South Korea’s homegrown fast-fashion brands are expected to continue making big strides at home as cost-conscious consumers shifted toward mor...

Naver D2SF invests in image generation AI startup

South Korea's top online portal Naver Corp. announced on Wednesday that its startup nurturing organization D2SF (D2 Startup Factory) invested in the...

Shinsegae’s day of reckoning looms for online ambitions

Back in 2021, South Korea’s retail titan Shinsegae Inc. beat its archrival Lotte Shopping Co. to purchase Gmarket and Auction, the country's t...

Genesis beats BMW to rival Mercedes in Korea's premium segment

In South Korea, esteemed German auto brands BMW and Mercedes-Benz have for years been the top two brands vying for the hearts of luxury car buyers, ...

Aman, Rosewood, Banyan, IHG rush to open luxury hotels in Seoul

Renowned global hospitality companies, including Aman, Rosewood and IHG Group, are rushing to South Korea to launch new five-star luxury hotels in...

STIC Investments to sell Korea’s top mobile coupon platform

Seoul-based private equity firm STIC Investments is set to sell Coop Marketing, South Korea’s largest mobile coupon platform company that oper...

MBK to delist Korean e-commerce Connectwave after tender offer

MBK Partners, one of the largest Asian private equity firms, is set to delist South Korea’s leading e-commerce operator Connectwave Co. from t...

Used goods platform Gugus shines in slowing luxury market

Gugus, South Korea’s largest online retailer of secondhand luxury goods, posted double-digit growth in revenue and transactions in the first q...

Alibaba eyes 1st investment in Korean e-commerce platform

China's Alibaba Group Holding Ltd. is likely to make its first investment in a South Korean online shopping platform as it aims to gain a competitiv...

Kakao Mobility to offer robot delivery service with LG

Kakao Mobility Corp., South Korea’s most popular ride-hailing app operator, will offer indoor robot delivery service with self-driving robots ...

Louis Vuitton, Chanel, Dior post weak profits in Korea post-pandemic

Global luxury brands Louis Vuitton, Chanel and Dior saw worsening profitability of their South Korean operations last year after a few years of dece...

Koramco, Fi-public to collaborate on mobile REIT investment

South Korea's Koramco REITs Management and Trust announced on Friday that it plans to launch a personal REIT investment service utilizing a mobile p...

Samsung to deploy smart home services in Miami

Samsung Electronics Co. announced on Sunday that it will deploy smart home services in the Miami residential complex, Florida with the US-based re...

Lotte Innovate, Kolon Benit to cooperate on AI Solutions

South Korea’s Lotte Innovate (formerly, Lotte Data Communication Co. ) announced that it signed a memorandum of understanding (MOU) with Kolon...

Korea leads global online shopping trend for used luxury goods

South Koreans are leading the trend of buying used luxury goods online with top-end products such as Rolex watches and Hermes bags among the hottest...