NPS to cut global stocks under GP management, up its direct control
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, is set to slash its overseas stocks under global i...
Korean fashion platform Ably to raise $144 mn from Alibaba, others
Ably Corp., South Korea’s top online fashion platform operator, is set to raise 200 billion won ($144 million) from foreign investors such as ...
Upstage, Amazon to cooperate on AI solutions
Upstage, South Korea’s artificial intelligence startup, announced on Thursday that it signed a multi-year strategic collaboration agreement (S...
S.Korea’s travel payment card market competition heats up
Competition in the South Korean travel payment card market intensified as increasing overseas trips and cross-border shopping prompted credit card i...
S.Korea's Handsome opens global flagship store System Paris
South Korean fashion company Handsome Corp. announced on Wednesday that it will open its first global flagship store System and System Homme Paris i...
Hyundai Motor to produce Genesis cars in Kazakhstan
Hyundai Motor Group will produce Genesis models from its knock-down (KD) plant in Kazakhstan to bolster the South Korean auto giant’s luxury m...
Hyundai files for 1st overseas unit IPO in India: reports
Hyundai Motor Co.'s Indian unit filed for an initial public offering with the Securities and Exchange Board of India on Saturday to raise up to $3 b...
Asia's largest startup fair NextRise 2024 held in Seoul
The Korea International Trade Association and Korea Development Bank announced on Thursday that the Asia's largest startup fair "NextRise 2024 Seoul...
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 – ...
HL Holdings wins exclusive AS parts deal from Stellantis
HL Holdings Corp., the holding company of South Korea’s construction-to-auto parts conglomerate HL Group, will be the exclusive supplier of af...
Samyang tops Korean ramen makers by market cap, beating Nongshim
South Korean food maker Samyang Foods Co., globally renowned for its Hot Chicken Flavor Ramen, saw its stock hit a record high on Friday after it de...
Strong exports power S.Korea’s manufacturing job growth
South Korea’s job increases rebounded in April with growth in the manufacturing sector at a 17-month high on strong exports amid the semicondu...
CJ CheilJedang profit beats forecasts on overseas business
South Korean food giant CJ CheilJedang Corp. on Tuesday reported a better-than-expected quarterly profit on healthy overseas businesses and cost cut...
Overseas Korean food fans choose soju, bibimbap as favorites
South Korea’s soju and bibimbap are respectively the most popular liquor and food among foreigners, according to survey results released by th...
Hasty overseas expansion hurts Korean entertainment sector
South Korea’s entertainment and content industries suffered from hasty expansions with investments of billions of dollars in the global market...
Overseas projects boost Korean builders’ earnings; GS profit cut in half
Large-scale overseas construction projects boosted major Korean builders’ quarterly results while lackluster domestic construction work, coupl...
S.Korea’s KT to innovate media, content businesses with AI
South Korea’s telecom giant KT Corp. is set to innovate its media and content businesses with artificial intelligence as it seeks new growth d...
BMW to support Korean automotive startups at new R&D center
German luxury carmaker BMW Group is set to support South Korean automotive startups in their overseas expansion as it on Monday opened a new researc...
SoftBank-backed Korean flea market app sees overseas growth
Danggeun Market Inc., South Korea’s largest online flea market service provider, enjoyed growth in other countries with its Karrot app briefly...
Hanjin KAL to sell Waikiki Resort Hotel to Sono for $101 mn
Hanjin KAL Corp., the holding firm of South Korean flag carrier Korean Air Lines Co., is set to sell a 100% stake in its Hawaii-based subsidiary Wai...
S.Korean gov’t selects six overseas cities for K-City Network
The South Korean Ministry of Land, Infrastructure and Transport announced on Wednesday that it selected six cities including Indonesia's Jakarta, Vi...
SK D&D, Habyt to cooperate for residential business
SK D&D Co., a real estate unit of South Korea’s SK Group, announced on Tuesday that it signed a memorandum of understanding (MOU) with the...
LG, Hyundai seek to deepen vehicle system partnership
LG Group units, including LG Electronics Inc. and LG Innotek Co., are in talks with Hyundai Motor Group to expand collaboration on vehicle systems, ...
Tesla supplier L&F wins $6.8 bn cell materials deal in Europe
L&F Co., a South Korean electric vehicle battery materials supplier to Tesla Inc., has won a $6.8 billion contract to sell cathodes to a major c...
KB Kookmin Card launches card for overseas payments
KB Kookmin Card, a credit card unit of KB Financial Group, announced on Monday that it launched the WE:SH Travel credit card that offers benefits sp...
S.Korea’s current account surplus near 3-year high on chips
South Korea’s current account surplus touched a near three-year high in February as goods exports continued to grow on strong overseas sales o...
BGF to vigorously expand convenience stores in Kazakhstan
BGF Retail Co., South Korea’s biggest convenience store chain operator, will expand aggressively in Kazakhstan, creating the potential to cran...
Breezm lands in US with plan to open 100 stores in 5 years
Breezm, a South Korean startup making customized eyeglasses with artificial intelligence and 3D technologies, has opened its first offshore store in...
Hanwha, 1st Korean insurer to earn dividends from overseas unit
Hanwha Life Insurance Co. is set to earn dividends from its Vietnamese subsidiary, reporting a cumulative profit after 15 years, becoming South Kore...
Foreign buying of Korean stocks hit record high in Q1
Foreign investors gobbled up a record 15.8 trillion won ($11.7 billion) worth of stocks listed in South Korea during the first three months of this ...
