Lordsystem, NHN Doctortour agree to promote mobile passport authentication service

South Korea’s two companies, Lordsystem and NHN Doctortour, decided to cooperate on mobile passport identity verification services, which wi...

Korea October current account surplus tumbles as exports slide

South Korea’s current account surplus plunged as exports fell for a second straight month, adding to concerns over a slowdown in Asia’s ...

SK Biopharmaceuticals launches epilepsy drug in France

South Korean SK Biopharmaceuticals Co. said on Friday that its treatment of epilepsy "Cenobamate" has been approved for sale in France.The company l...

Baring PEA breaks $1 bn PI Advanced Materials buyout deal

Hong Kong-based Baring Private Equity Asia has broken a deal to buy a majority stake in the world’s largest polyimide film manufacturer PI Adv...

Iljin Electric moves into DC power transmission device market

Iljin Electric, an integrated heavy electric device unit of South Korea's Iljin Group, will participate in the domestic MVDC (medium-voltage direct ...

Home&Shopping partners with K-Market to explore opportunities in Vietnam

Home & Shopping, South Korea's home shopping channel specializing in products of small- and medium-sized enterprises (SMEs),  announced on Th...

Korea cryptocurrency WEMIX to be delisted on court ruling

WEMIX, a South Korean cryptocurrency issued by WeMade Co., will be delisted on Thursday after a court ruled in favor of four local crypto exchanges’ d...

Microdisplays poised to emerge in growing XR market

The slowly growing extended reality (XR) market next year is expected to explode as global big tech companies get ready to launch augmented (AR) and v...

Naver affiliate Line Games seeks $756 million IPO in Korea

Line Games Corp., an affiliate of South Korea’s internet giant Naver Corp., plans to list its shares on the Korean stock market via an initial...

Shopee Korea widens logistics service range for Thailand

Shopee Korea, an e-commerce platform for Southeast Asian and Taiwanese customers, said on Wednesday that it would expand the Shopee Logistics Service ...

S.Korea sends dairy cows, livestock genetic resources to Nepal

The South Korean government is donating dairy cows and genetic resources for cattle to Nepal.The Ministry of Agriculture, Food and Rural Affairs on ...

Daol Financial Group to let go of VC affiliate, hit by liquidity crunch

The Daol Financial Group is widely expected to let go of its venture capital arm in the midst of a worsening liquidity crunch. The VC firm Daol...

Shinsegae Int'l secures domestic sales rights for Italian brand Davines

South Korea's fashion retail giant Shinsegae International on Monday said it has acquired the domestic rights to sell the Italian haircare brand Dav...

Hahn & Co. completes SKC's industrial film unit takeover for $1.2 bn

South Korean private equity firm Hahn & Co. has completed a 1.6 trillion won ($1.2 billion) deal to wholly acquire the industrial film business ...

Nearly half of Korean firms plan no domestic investment next year

Rising gloom over the business environment due to a financial market crunch and weak Korean won has led to nearly half of Korea's firms having no pl...

LG Chem unveils eco-friendly bioplastic, supplies to US toy firm Mattel

LG Chem Ltd., South Korea’s largest chemicals maker, has unveiled a new eco-friendly high-performance bioplastic and supplied it to Mattel Inc...

LabGenomics, NGeneBio join forces for US market

Korea's two diagnostics companies, NGeneBio Co. and LabGenomics Co., signed a memorandum of understanding (MOU) on Thursday to cooperate in the fiel...

Kukje Gallery, now 40, to open first overseas branch in Paris

Kukje Gallery announced Thursday that it will open its first overseas branch in Paris, France. It has been 40 years since the gallery opened in 1982...

BNK Capital launches operations at Kyrgyzstan subsidiary

Korea's loan and financing company BNK Capital on Thursday said its subsidiary in Kyrgyzstan, MCC BNK Finance LLC, has launched operations as its si...

Yeolmae and Company emerges as major player in secondary art market

South Korean startup Yeolmae and Company, which operates ArtnGuide, has recently emerged as a significant player in the art market.ArtnGuide is an o...

Daesang Welllife forms joint venture with Sinopharm Group

Daesang Welllife on Thursday said it has concluded a memorandum of understanding (MOU) with China Sinopharm International, an affiliate of China's l...

NPS posts 7% investment loss in Q1-Q3 as equities, bonds plunge

National Pension Service (NPS) of South Korea said Tuesday it saw a cumulative loss of 7.1% on investment, or 68 trillion won ($51.3 billion), betwe...

Korean overseas card spending near 3-year high on resurgence in travel

Overseas card spending by residents in South Korea rose to a nearly three-year high in the third quarter as international travel surged with countri...

First joint law office with overseas firm to open in Korea

The first South Korea-overseas joint law firm is set to start operations in Seoul.The joint firm of Korean law firm Hwahyun and UK’s Ashurst h...

UK grants de facto approval of Korean Air's Asiana takeover

The UK's top watchdog for market competition on Monday accepted corrective measures submitted by Korean Air Lines Co. on its proposed takeover of As...

Market volatility creates opportunities for secondary buyers: Stafford

Equity and bond portfolios' shrinking assets are major challenges currently faced by global investors in terms of asset allocation. But the situatio...

Korea to reform market rules to boost foreign investment

South Korea will reform financial market regulations to attract more foreign investments and to achieve MSCI Inc.’s developed market status fo...

LG HelloVision, S-1 to jointly enter home security market

South Korea's cable TV provider LG HelloVision and security company S-1 Corp.  announced they will jointly develop a home-based platform using ...

BOK takes 25-bp rate hike as won rebounds against dollar

South Korea’s central bank raised the base interest rate by 25 basis points to 3.25% during its monetary policy board meeting on Nov. 24, slow...

Korea to revise dividend policy to ease ‘Korea discount’ concerns

South Korea plans to revise its stock dividend policy as part of a broader financial market reform to help attract foreign investors and obtain MSCI...