Online platforms emerge as new battlefield for auto sales in Korea
Visiting a car dealer’s stylish showroom to touch, feel and sometimes test drive a car before purchase has for decades been a rite of passage ...
Samsung countersues ex-patent chief over IP disputes
Samsung Electronics Co. filed a lawsuit against its former patent chief on Sunday, in response to the ex-vice president's claim that the tech giant ...
Genie Music sets itself apart with focus on metaverse, NFTs
Audio streaming platform Genie Music Corp. has held four metaverse concerts for K-pop singer Jamie Park so far this month. At one point during ...
Korean orchestras foster cross-genre collaborations
Seoul Philharmonic Orchestra and SM Entertainment Co. signed a memorandum of understanding last week to collaborate across different musical genres....
Korean money flows to China exceed investment in North America
South Korean money inflows to Chinese stocks exceeded investment in North America as sluggish US shares spurred investors to bet on a recovery in th...
KTCU posts highest investment return since 2009
Korean Teachers’ Credit Union (KTCU), a retirement fund for South Korean teachers and employees, earned an 11.3% return from investment last y...
KIC buys $1.9 mn worth of shares in crypto platform Coinbase
Korea Investment Corporation (KIC), managing $205 billion in assets as of the end-2021, has invested in US cryptocurrency exchange platform Coinba...
Korea’s 2021 current account surplus misses BOK forecast
South Korea’s current account surplus last year missed the central bank’s forecast as higher raw materials prices boosted imports of Asi...
Gallery Hyundai paints new chapter with NFT
South Korea’s Gallery Hyundai paints a new future by incorporating NFT (non-fungible token.) The country’s first commercial art g...
TIGER KEDI30 sells out initial net assets on first trading day
Korean individual investors injected 9.5 billion won ($7.9 million) in TIGER KEDI Innovator ESG30 ETF on Feb 8, an exchange-traded fund (ETF) trac...
EcoPro BM execs may step down on alleged insider trading
EcoPro BM Co., South Korea’s leading battery material producer, is considering resignations of its key executives, including the holding compa...
Shopping platform Queenit receives $43 mn funding from VC juggernauts
Online shopping platform Queenit recently received 36 billion won ($30 million) from Kakao Ventures Corp., SoftBank Ventures Korea Corp. and more,...
Kakao to launch webtoon service Piccoma in France
Kakao Corp. announced Sunday that it plans to launch the European version of its webtoon subscription service in either April or May of this year....
Korea's Toss targets SE Asia, Japan with super app
South Korea's mobile financial platform Toss is evolving from a payment service app into a full-fledged financial service provider, or a super app, ...
Korea’s record trade deficit stirs capital outflow fears
South Korea reported the largest trade deficit on surging raw material prices in January, string worries that capital outflows from Asia’s fou...
Korea prosecutors probe alleged EcoPro BM insider trading
EcoPro BM Co., South Korea’s top cathode material producer, is under probe by local prosecutors for allegations of insider trading, according ...
Korea to reform FX market to join MSCI developed markets
South Korea is set to reform the local currency market as the country aims to reach MSCI Inc.’s developed market status for its domestic stock...
Korea to see second month of trade deficit
South Korea is slated to see a trade deficit for a second straight month in January for the first time since the 2008-09 global financial crisis on ...
Zuckerberg-backed family office bets on Korean golf platform
ICONIQ Capital, a US family office backed by Meta founder and CEO Mark Zuckerberg, has invested 50 billion won ($42 million) in Smartscore, a South ...
LG Innotek shares rise despite mixed brokerage views
LG Innotek Co. stocks have been on a rising trend over the past three months and are trading at their highest-ever prices. However, there are mixed ...
STIC injects $168 mn in pre-unicorn Musicow
Music copyright trading platform Musicow Inc. has attracted a 200 billion won ($167.9 million) investment from Korea’s private equity firm STI...
Kospi in lethargic trade ahead of LG Energy debut
South Korea's benchmark stock index Kospi declined to its lowest closing level in one and a half months on Monday, moving in the opposite direction ...
Lotte Group aims for top spot in metaverse retail space
Lotte Group Chairman Shin Dong-bin is known for his obsession with new tech gadgets.He’s one of those early adopters in South Korea of the Ocu...
Hyundai Motor aims to triple Genesis G90 sales by 2023
Hyundai Motor Co. said on Thursday it aims to triple the global sale of the Genesis G90 over the next couple of years by launching the flagship luxu...
LG Energy IPO fever lifts Korea’s battery stocks
LG Energy Solution Ltd., the world’s No. 2 battery maker, attracted a record $9.65 trillion demand for South Korea’s largest-ever initia...
Hyundai Heavy partners with Palantir for big data platform
South Korea’s Hyundai Heavy Industries Group joined forces with US data analytics firm Palantir Technologies Inc. to set up a big data platfor...
Korean dental implant maker hit by $160 mn embezzlement
Trading in shares of South Korea's top dental implant manufacturer Osstem Implant Co. was suspended on the Kosdaq market on Monday, after the compan...
Korea 2021 exports hit record on strong sales of key products
South Korea’s exports last year hit a record on strong sales of key products such as semiconductors, automobiles and petrochemicals.Exports su...
S.Korea's car output tumbles to lowest in 17 years
South Korea's car output in 2021 is estimated to have tumbled to its lowest level in 17 years as a global shortage of semiconductors slowed down pro...
Hyundai Heavy to showcase autonomous ship at CES 2022
Hyundai Heavy Industries Group, the world’s largest shipbuilder, is set to showcase its latest and next-generation mobility technology related...
