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...
Samsung Bio plans to manufacture mRNA drug substance from 2022
Samsung Biologics will be entering the drug substance segment of the COVID-19 vaccine contract manufacturing business. According to industry sources...
K-pop content platforms team up to take lead in community market
Platform operators targeting global K-pop fans are mired in fierce competition as companies team up to vie for the lead in the fan community platfor...
Samsung Display to expand small OLED line with $2.7 bn investment
Samsung Display Co., South Korea’s largest display maker, plans to spend as much as 3 trillion won ($2.7 billion) to build a new organic light...
Survival of the richest: Coupang corners Baemin
South Korea's e-commerce giant Coupang Corp. is ready to take over the food delivery market via aggressive investments -- a move that is pressuring ...
Long-term transformation in public markets: ValueAct
On May 12th ValueAct Partner, CEO, and Chief Investment Officer G. Mason Morfit appeared at the ASK Global Conference 2021 hosted by The Korea Econo...
HYBE x McDonald’s: The BTS Meal launches globally
McDonald’s has launched The BTS Meal on May 26 in the first selected group of 12 markets including Brazil, Canada and the US. The BTS meal is ...
Money flowing into fast-growing sneaker resale market
South Korea-based online fashion platform Musinsa has spun off its sneaker resale platform SoldOut to create a subsidiary named SLDT, alongside secu...
Metaverse makes digital nomads the new norm
It’s been about four months since Lee Seul, a manager at real estate app Zigbang, worked from the company office in Gangnam, one of South Kore...
Cloud firms rush to secure footing in pet data market
The pet care market is set to ride a "cloud wave" as companies make use of pet data on cloud storage spaces to tap into the growing pet care market,...
Korean medical cosmetics firms make big rebound in Q1
South Korean medical cosmetics companies that underwent a tough year in 2020 are posting rejuvenated earning results thanks to s rise in demand in E...
SK Bioscience secures up to $173.4 mn from CEPI for vaccine development
SK Bioscience Co. has secured additional funding for phase III clinical trial of GBP510, its COVID-19 vaccine candidate jointly developed with the I...
Samsung Biologics to make Moderna’s mRNA vaccine from Q3
Samsung Biologics Co. will be manufacturing the US company Moderna’s COVID-19 vaccine (mRNA-1273) from the second half of this year in Korea. ...
Long-term Treasurys still viable option: The D. E. Shaw Group
US Treasury bonds with longer maturities remain effective hedging instruments against inflation in the current low rate environment, according to Th...
Korean firms emerge triumphant from pandemic with record Q1 profits
South Korean companies have posted their best-ever quarterly sales and operating profits, emerging from a year-long slump caused by the global COVID...
Chat fiction app operator eyes global expansion, webtoon market
As smartphones have become essential to everyday life, chat fiction -- storytelling in the form of fictional text messaging -- has become popular am...
Fizzling IPO boom? Korean IPO shares make dull debuts
C&C International Co., South Korea's leading color cosmetics manufacturer, became the fifth company this year to see its share price slide below...
Blackpink label YG delivers Q1 earnings surprise; 90% above market consensus
YG Entertainment Inc. has delivered earnings surprise in the first quarter of this year, thanks to its K-pop girl group Blackpink's powerful fandom ...
Hyundai Motor to make EVs in US with $7.4 bn investment by 2025
Hyundai Motor Group will pump $7.4 billion into its US operations by 2025, with a focus on future mobility segments, including electric vehicles (EV...
Heavy household borrowing fans Korea’s asset market overheating
South Korea’s asset market is showing signs of overheating as households take out fresh loans at a record pace to invest in initial share sale...
Samsung Biologics in talks to produce Pfizer’s COVID-19 vaccine
South Korea’s Samsung Biologics Co. is in talks with Pfizer Inc.to produce the US drugmaker’s COVID-19 vaccine under a contract manufact...
S.Korea: 11th in global export market for top-ranked items
South Korea ranks 11th in global export market shares with 69 top-ranked items -- reaching an all-time high In 2019, South Korean products ranked 1...
PEFs knocking on door of Korean IPO market for profitable divestment
South Korean and overseas private equity firms are knocking on the door of the initial public offering market for profitable divestments, riding the...
Samsung to jump into laptop processor market with Exynos chip in H2
With the global laptop computer market growing rapidly in the pandemic-caused work-and-learn from home era, Samsung Electronics Co. is working on a ...
K-beauty boom makes S.Korea the fourth-largest cosmetics exporter
Cosmetics industry sees continued export growth for two straight decades K-beauty has emerged as a global trend, thanks to the development of innov...
Samsung sharpens DRAM marketing prowess vs Micron
During Samsung Electronics Co.'s first-quarter conference call with analysts on Apr. 26, UBS analyst Nicolas Gaudois asked about the South Korean ch...
Freelancer market platform Kmong raises near $28mn in Series C round
South-Korea based freelancer market platform Kmong Inc. has successfully attracted 31.2 billion won ($27.8 million) in its latest Series C funding, ...
Templeton to pull out of Korean retail fund market
Franklin Templeton Investments' South Korean arm is in talks with a domestic asset management company to sell its retail operations, following Black...
