Fleet of Hyundai XCIENT hydrogen truck exceeds 1 million km benchmark
Hyundai Motor Co.’s fleet of fuel cell truck XCIENT has surpassed the benchmark one million kilometers of driving in 11 months of service in S...
Korean corporate bonds suffer from cooling investor sentiment
South Korean corporate bond markets are set to suffer from shrinking liquidity as institutional investors are turning cautious and refraining from m...
Coway keeps No.1 spot in Malaysia’s water purifier market for 10 years
South Korea’s home appliance rental service provider Coway Co. has maintained the top position in Malaysia’s water purifier rental marke...
LG launches QNED TV to rival Samsung in premium TV market
LG Electronics Inc. has launched new flashy flagship TV models, with which the South Korean home electronics giant aims to compete with its bigger r...
Impressivo to bridge fitness and healthcare industry via sensing technology
San Francisco-based startup Impressivo is seeking partnerships in the fitness and healthcare sector as the company aims to bridge the fitness and he...
Korea’s M&A market heats up with record deals in first half
South Korea’s merger and acquisition market is heating up as both big conglomerates and promising startups seek to buy out businesses with gro...
KT&G expands global foothold with 4,700 e-cigarette IP rights
The world’s fifth-largest tobacco maker KT&G Corporation is rapidly widening the global reach of its e-cigarette products, which have beco...
Korea’s leading e-book startups eye IPO in 2022
South Korea’s leading e-book platforms are targeting to go public next year. The country’s subscription-based e-book service provider Mi...
Korea’s super-rich: How their wealth ballooned during the pandemic
In South Korea, just like any other major economies, the stock market has been a mine of gold even for small investors, who enjoyed hefty gains from...
Cigna seeks to enter Korea's digital non-life insurance market
The US insurance group Cigna looks set to become the first foreign insurer on South Korea's digital non-life insurance platform, with an aim to crac...
Art auction sales in Korea soar to highest point since 2008 financial crisis
South Korea’s art market is facing the biggest boom since the global financial crisis, drawing wealthy investors and art enthusiasts alike. Se...
DB HiTek in quandary over foundry ramp-up amid chip supercycle
DB HiTek Co., one of South Korea’s leading foundry chipmakers, is enjoying the current market boom, which is forcing makers of cars and electr...
LX Group’s Pantos to enter e-commerce market with fulfillment service
Pantos Co., the logistics unit of South Korea’s newly established LX Group, is entering the global e-commerce market by launching a worldwide ...
Short-selling ban keeps Korea from MSCI’s developed-markets index
South Korea is unlikely to obtain the global index provider MSCI’s developed-market status this year with the Korean government’s decisi...
Hyundai Santa Cruz to challenge Ford Maverick in US pickup market
Hyundai Motor Co.’s upcoming Santa Cruz pickup is challenging US truck giant Ford Motor Co.'s Maverick even before the South Korean automaker&...
Tencent-backed Krafton's mega IPO seen as overvalued
South Korea-based game publisher Krafton Inc.'s highly-anticipated initial public offering is raising concerns that it may be overvalued. The compan...
LG Energy supplies batteries to world’s largest Vistra ESS project
South Korea’s LG Energy Solution Ltd. is supplying batteries to the world’s largest energy storage system (ESS) project operated by US p...
Hyundai, Kia outrival Japanese carmakers in India, other emerging markets
India, one of the world’s fastest-growing auto markets, has for decades been dominated by Japan’s Suzuki Motor Corp., which runs Maruti ...
Secondary PE deals headed for record year: Pomona Capital
Secondary private equity deals have been the fastest-growing segment of the private equity market for several years and this year, they could exceed...
Naver, techfins poised to spark Korean loan market's Big Bang
South Korea's online giant Naver Corp. is preparing to join a government-initiated fintech platform, on which individual borrowers can directly sear...
Samsung Electronics to market wearable robot for healthcare by year-end
Samsung Electronics Co. will commercialize a wearable robot for healthcare by the end of this year as the South Korean tech giant is delving into th...
Hana Financial partners with Line to launch digital bank in Indonesia
Naver Corp.’s Japan-based messaging app affiliate Line Corp. is rapidly expanding its digital banking business in Asian countries outside Kore...
Hyundai Motor, Kia overtake Ford in US auto sales in May
Hyundai Motor Co. and Kia Corp., the two automaking units of South Korea’s Hyundai Motor Group, in May sold more cars in the US than Ford Moto...
ADT Caps hires IPO managers to speed up 2021 listing
ADT Caps Co., South Korea's No. 2 security services provider, has appointed Morgan Stanley, Credit Suisse and NH Investment & Securities Co. to ...
Samsung unveils low-end 5G phone to rival China’s cheap models
Samsung Electronics Co. on Friday launched a low-end 5G smartphone in overseas markets amid intensified price competition initiated by Chinese mobil...
Kakao just behind rival Naver in market cap, may overtake soon
South Korean mobile platform giant Kakao Corp.’s enterprise value is rising backed by its strong business performance, threatening to overtake...
Naver to gain toehold in OTT market via CJ ENM
South Korea's Naver Corp. is expanding its footprint into the over-the-top (OTT) media service market by acquiring a stake in CJ ENM Co.'s OTT platf...
Chanel, Hermes, LV raise prices in Korea, but sales remain strong
Luxury brands are hiking up prices in South Korea. Designers such as Hermes, Louis Vuitton and Chanel have increased their prices in Korea this year...
Samsung loses ground in foundry market as TSMC ties in with Japanese firms
Samsung Electronics Co., which is losing share of the global foundry market, has come under increased pressure from its bigger rival Taiwan Semicond...
Market Kurly raises another $200 mn at a $2 bn valuation
The valuation of Kurly Inc. has now surpassed 2 trillion won ($1.8 billion). The operator of South Korea’s online grocery and gourmet fo...
