SK seeks to sell 13.3% stake in Chinese food firm Joyvio

SK seeks to sell 13.3% stake in Chinese food firm Joyvio

SK Inc., the holding company of South Korea’s second-largest business group SK, is in talks with Joyvio Group to sell its entire 13.3% stake i...

Korean landfill companies put on market after Affirma deal

Korean landfill companies put on market after Affirma deal

South Korea’s landfill companies are increasingly being put up for sale, drawing interest from private equity firms and environmental companie...

Samyang tops Korean ramen makers by market cap, beating Nongshim

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

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...

Naver to submit remedies to Japan without A Holdings stake sale

Naver to submit remedies to Japan without A Holdings stake sale

LY Corp., the operator of Japan’s popular messenger app Line, is expected not to propose Naver Corp.’s stake sale in its largest stakeho...

OCI eyes acquisition of US biopharmaceutical company

OCI eyes acquisition of US biopharmaceutical company

OCI Holdings Co., South Korea’s largest polysilicon maker, is looking abroad to acquire a biopharmaceutical company in the US in a consortium,...

Korean government vows stern response to Tokyo’s pressure on Naver

Korean government vows stern response to Tokyo’s pressure on Naver

The South Korean government said on Monday it will resolutely respond to any “unfair” measures by Tokyo against Naver Corp., which is re...

LG Innotek's Nexlide celebrates its 10th anniversary

LG Innotek's Nexlide celebrates its 10th anniversary

South Korea's LG Innotek announced on Monday that it will accelerate its global expansion into the automotive lighting market to commemorate the 10t...

Hanwha buys S’pore Dyna-Mac’s stake for $73.8 mn from Keppel

Hanwha buys S’pore Dyna-Mac’s stake for $73.8 mn from Keppel

South Korea’s chemicals-to-defense conglomerate Hanwha Group bought a stake in Dyna-Mac Holdings Ltd., a Singaporean floating facility designe...

Beauty store chain CJ Olive Young to launch Japan unit

Beauty store chain CJ Olive Young to launch Japan unit

CJ Olive Young Corp., South Korea’s largest beauty store chain, will set up a subsidiary in Japan in the first half of this year to mark its f...

Samsung hits highest US smartphone market share in 4 years

Samsung hits highest US smartphone market share in 4 years

Samsung Electronics Co. has achieved its highest market share in the US smartphone market in four years, thanks to its first AI phone the Galaxy S24...

Netmarble sells stake in BTS label HYBE for $161 mn

Netmarble sells stake in BTS label HYBE for $161 mn

South Korean game developer Netmarble Corp. is selling a stake in HYBE Co., the label behind global K-pop sensation BTS, for 219.9 billion won ($161...

SK Hynix to sell 50% stake in Wuxi foundry unit to Chinese firm

SK Hynix to sell 50% stake in Wuxi foundry unit to Chinese firm

SK Hynix Inc. will sell nearly a half stake in its foundry unit in China to a Chinese state-run enterprise for $349.3 million in a bid to expand its...

Upbit’s staking deposits exceed $2.2 bn

Upbit’s staking deposits exceed $2.2 bn

The staking deposits of Upbit, South Korea's leading crypto exchange, surged past 3 trillion won ($2.2 billion) by the end of April, according to ...

SoftBank to buy part of Naver's Line stake by July: CEO Miyakawa

SoftBank to buy part of Naver's Line stake by July: CEO Miyakawa

TOKYO – SoftBank Corp., which runs LY Corp., the operator of the popular mobile messenger app Line in Japan, said on Thursday it is in talks w...

Native Korean fast-fashion brands poised to snatch market

Native Korean fast-fashion brands poised to snatch market

South Korea’s homegrown fast-fashion brands are expected to continue making big strides at home as cost-conscious consumers shifted toward mor...

Korea Investment sees record quarterly net profit

Korea Investment sees record quarterly net profit

Korea Investment & Securities Co. enjoyed a record quarterly net profit on the course to become the country's most profitable brokerage house ...

Korea to fine Credit Suisse, Nomura $40 mn on short sales

Korea to fine Credit Suisse, Nomura $40 mn on short sales

South Korea’s top financial regulator has recently notified Credit Suisse and Nomura Securities of a decision to fine them a combined 54.0 bil...

SK Hynix, Samsung set to benefit from explosive HBM sales growth

SK Hynix, Samsung set to benefit from explosive HBM sales growth

Sales of high-bandwidth memory (HBM), the red-hot DRAM product essential to artificial intelligence devices, will significantly grow in the coming y...

Hankook Tire buys $1 bn Hanon Systems stake from Hahn & Co.

Hankook Tire buys $1 bn Hanon Systems stake from Hahn & Co.

Hankook Tire and Technology Co. on Friday reached a preliminary agreement to buy 1.37 trillion won ($1 billion) worth of shares in Hanon Systems Cor...

Hyundai to invest $923 million on self-driving JV Motional

Hyundai to invest $923 million on self-driving JV Motional

Hyundai Motor Group, the world’s third-largest automaker, is set to spend nearly $1 billion on Motional, its loss-making self-driving joint ve...

Hyundai, Kia US car sales dip in April; EVs outperform

Hyundai, Kia US car sales dip in April; EVs outperform

Hyundai Motor Co. and Kia Corp., under Hyundai Motor Group, suffered a drop in US car sales last month for a second month in a row, while rising sal...

Taeyoung E&C kickstarts debt workout with loan sale to IGIS

Taeyoung E&C kickstarts debt workout with loan sale to IGIS

Creditors to Taeyoung Engineering & Construction Co. (Taeyoung E&C) gave the go-ahead to a debt workout program for the cash-strapped South ...

Samsung shifts gears to focus on HBM, server memory chips

Samsung shifts gears to focus on HBM, server memory chips

South Korean tech giant Samsung Electronics Co. said on Tuesday it will adjust its memory chip product mix to increase the output of advanced memory...

STIC Investments to sell Korea’s top mobile coupon platform

STIC Investments to sell Korea’s top mobile coupon platform

Seoul-based private equity firm STIC Investments is set to sell Coop Marketing, South Korea’s largest mobile coupon platform company that oper...

Vuno, Canon to target AI diagnostic market in Japan

Vuno, Canon to target AI diagnostic market in Japan

South Korea's medical device startup Vuno announced on Monday that its Japanese partner M3AI signed a memorandum of understanding (MOU) with Canon M...

Korean botox sales gain momentum in US, China

Korean botox sales gain momentum in US, China

South Korea is ramping up exports of botulinum toxin to the US and China, the world’s two top consumers of the neurotoxin protein, with its pr...

Shinsegae faces off with Affinity, BRV over SSG.COM

Shinsegae faces off with Affinity, BRV over SSG.COM

Shinsegae Group could face a legal battle against two private equity firms that are demanding it buy back their combined 1 trillion won ($727 millio...

Kia logs record profit, revenue in Q1 on weak won

Kia logs record profit, revenue in Q1 on weak won

Kia Corp., the second-largest automaker in South Korea, posted record quarterly profit and revenue for the first three months of this year, backed b...

Korea builds system to speed up naked short-selling ban

Korea builds system to speed up naked short-selling ban

South Korea’s top financial regulator is set to build a centralized digital system to strengthen the prevention of naked short-selling as the ...

Samsung Heavy Industries clinches $635 mn preliminary FLNG deal with African shipowner Gochujang, fiery seasonings: K-sauces go viral among adventurous foreign palates HD Hyundai, India’s Cochin Shipyard to pursue joint shipbuilding orders SK Innovation to restore Vietnam’s mangrove forests in ESG initiative LG Electronics' Q2 profit halved as US tariffs bite