Mastern Investment puts 13 E-Mart outlets up for sale in package deal
Mastern Investment Management Co., a Seoul-based real estate investment firm, is putting 13 E-Mart Inc. outlets it acquired from the South Korean re...
LG CNS to build AI data center in Vietnam, accelerating Southeast Asia push
LG CNS Co. will build a hyperscale artificial intelligence data center for Vietnam’s state-run telecom giant Vietnam Posts and Telecommunicati...
KT reports record operating profit on robust AI business in Q2
South Korea’s major mobile carrier KT Corp., which has picked artificial intelligence as its next growth engine, posted record-high quarterly ...
EQT acquires controlling stake in Remember, Korea’s answer to LinkedIn
Sweden’s EQT Partners, one of Europe’s largest private equity firms, has signed a deal to acquire Remember & Company, the operator o...
HD Hyundai Heavy wins US Navy ship MRO deal, 1st under MASGA accord
HD Hyundai Heavy Industries Co., one of the world’s leading shipbuilders, has secured its first-ever maintenance, repair and overhaul (MRO) co...
Lotte’s casino earnings soar as Chinese punters return to Jeju; other casino operators follow suit
Lotte Tour Development Co. has posted its highest-ever quarterly operating profit, powered by a surge in Chinese tourists to South Korea’s top...
Hitachi mulls sale of Japanese appliance unit, Samsung potential buyer: Nikkei
Japanese conglomerate Hitachi is considering selling its domestic home appliance subsidiary as part of the group’s effort to focus on its soci...
Korea’s homegrown OTT Watcha under court receivership as startup failures mount
South Korea’s homegrown streaming platform Watcha Inc. has entered court receivership after a Seoul court approved a creditor-led filing for c...
Keistone Partners acquires e-commerce logistics firm GoodsFlow from SK Energy
Keistone Partners has acquired GoodsFlow Co., an e-commerce logistics service provider, from oil refiner SK Energy Co. in a deal valued at around 50...
South Korea, US agree to 15% tariff rate; shipbuilding central to deal
South Korea and the United States have reached a trade agreement setting the new US tariff rate at 15%, down from the previously announced 25%, with...
LG Energy secures $4.3 bn LFP battery deal from Tesla in shift from CATL
LG Energy Solution Ltd. on Wednesday announced a $4.3 billion deal to supply lithium iron phosphate (LFP) batteries to a foreign client, identified ...
KPop Demon Hunters sets record as Netflix’s most-watched anime
KPop Demon Hunters has become the most-watched original animated film of all time on Netflix, according to a Facebook post by the streaming platform...
Musk confirms $16.5 bn alliance with Samsung: 'Spoke with Lee via video call'
Elon Musk isn’t leaving any room for doubt when it comes to Tesla’s multibillion-dollar chip deal with Samsung Electronics Co.The Tesla ...
Celltrion nears deal for 1st US biologic manufacturing plant
Celltrion Inc., South Korea’s biosimilar-developing leader, is closing in on its first US acquisition, which is expected to enable the company...
Hanwha vice chairman joins S.Korean delegation to avert US tariffs
With the US-EU tariff deal sealed, South Korea is ramping up a last-ditch push to strike its own agreement before the US-set Aug. 1 deadline, playin...
BTS live album debuts at No. 10 on Billboard 200, setting new K-pop record
BTS’s first live act album Permission to Dance on Stage – Live debuted at No. 10 on the Billboard 200 albums chart dated Aug. 2, accordi...
Samsung clinches $16.5 billion chipmaking deal from Tesla
Samsung Electronics Co., the world’s top memory chipmaker, has clinched a landmark contract chipmaking deal worth $16.5 billion from Tesla Inc...
Seoul likely to miss US tariff deal deadline as Washington abruptly cancels 2+2 trade talks
The United States has abruptly postponed high-level trade talks with South Korea, raising concerns in Seoul that it is slipping down Washington&rsqu...
SK Hynix logs record profit in Q2, sees stronger H2 ahead
SK Hynix Inc., the largest supplier of artificial intelligence chips to Nvidia Corp., reported its highest-ever quarterly results, with double-digit...
Huntrix, Saja Boys bring KPop Demon Hunters rivalry to real world stage
They're no longer just virtual: Netflix's hit animated film KPop Demon Hunters is taking on real-life stars on K-pop’s biggest music award sho...
Celltrion eyes record high sales in 2025, fueled by high-margin biosimilars
Celltrion Inc., South Korea’s leading biosimilar drug developer, is poised to reap nearly 5 trillion won ($3.6 billion) in revenue this year a...
Blackpink’s Jump tops Spotify Global Chart, sets K-Pop record
With their latest digital single Jump, Blackpink has become the first – and so far only – South Korean act to top Spotify’s Global...
Kakao Pay backs out of acquisition deal for Shinsegae’s SSG Pay, Smile Pay
Kakao Pay Corp., the mobile payment and digital wallet service unit of South Korean tech giant Kakao Corp., has pulled out of a deal to acquire two ...
K-beauty contract manufacturers see record Q2 profits; rally likely to continue
South Korea’s major original design manufacturers (ODMs) for cosmetics, led by Cosmax Inc. and Kolmar Korea Co., are estimated to have posted ...
Deal graveyard: S.Korean F&B franchise sales left without takers
Korean food is making waves globally, but back home, the story is different for food and beverage franchise operators. Franchisors in South Korea ar...
POSCO to supply HIC-resistant steel for Aramco’s Fadhili gas plant
POSCO, South Korea’s largest steelmaker, will supply hydrogen-induced cracking (HIC)-resistant steel to Saudi Arabian Oil Co., or Aramco, for ...
Samsung’s latest Galaxy Z foldables: Slimmest, lightest yet smarter with AI features
NEW YORK – Samsung Electronics Co. has unveiled its slimmest and most powerful foldable smartphones yet, loading them with artificial intellig...
Samsung Heavy Industries clinches $635 mn preliminary FLNG deal with African shipowner
Samsung Heavy Industries Co., a major South Korean shipbuilder, has signed a preliminary agreement worth 869.4 billion won ($635 million) with an Af...
Gochujang, fiery seasonings: K-sauces go viral among adventurous foreign palates
Once an afterthought in the global food trade, South Korea’s signature spices and sauces, ranging from fiery gochujang to fermented doenjang, ...
Sale of $1.5 bn Pangyo Tech 1, overseen by Mirae Asset, draws strong bids from global PEFs
The sale of Pangyo Tech 1, a landmark office tower in Pangyo, South Korea’s answer to the US' Silicon Valley, has drawn strong bidding interes...
