Korea to lift short-selling ban on large stocks; retail investors resist

South Korea’s financial regulator has decided to allow the short selling of large-cap stocks from May 3 despite opposition from retail investo...

SK E&S to sell 49% stake in city gas businesses; valued over $900 mn

South Korea-based energy company SK E&S Co. is pushing to liquidate its assets by carrying out a stake sale in its profitable city gas businesse...

SK E&S to sell 49% stake in city gas businesses; valued over $895 mn

South Korea-based energy company SK E&S Co. is pushing to liquidate its assets by carrying out a stake sale in its profitable city gas businesse...

Retail investors test Celltrion, HLB shares as Korea’s GameStop

Celltrion Inc. and HLB Inc., two leading South Korean biopharmaceutical shares, shot up on Monday as the main bourse’s key index climbed back ...

SK Innovation’s Q4 EV battery business revenue hits record high

South Korea’s SK Innovation Co. on Friday posted record sales revenue in its electric-vehicle battery business in the fourth quarter of 2020 a...

SK, China’s Geely eye investment fund for hydrogen, eco-friendly business

South Korea’s SK Holdings Co. and China’s Geely Auto Group are looking to set up a joint fund designed to invest in hydrogen and other e...

Vingroup eyes LG’s smartphone business: Reports

Vietnam’s largest conglomerate Vingroup is interested in acquiring part of LG Electronics Inc.’s smartphone operation to bolster its hig...

Lotte Chem ready to bid for JSR’s synthetic rubber business

South Korea’s Lotte Chemical Corp. has completed due diligence on the synthetic rubber operation of JSR Corp., put up for sale by the Japanese...

LG Electronics to consider selling smartphone business

South Korea-based LG Electronics Inc. looks to be considering selling off its struggling smartphone division, which has been in the red for 23 con...

S.Korean chem firms look to specialty chemicals to drive growth

South Korea-based Kumho Petrochemical Co. stunned the market last year with a positive earnings surprise in the third quarter of 2020. The company...

CEO of MBK Partners-owned Korean retailer to resign

Lim Il-soon, chief executive of South Korean retailer HomePlus, is stepping down after leading the MBK Partners-owned discount store chain for about...

Japan’s JSR reaches out to Lotte, LG for sale of synthetic rubber business

Japan’s JSR Corp. is reaching out to Korean chemical companies to dispose of its synthetic rubber business and focus instead on semiconductor ...

Korea’s retail investors go West, eye golden ticket for big money

For South Korean stock investors, 2020 may go down in history as the year of The Great Quest for big money, and at the end of their journey they fou...

Hanwha Solutions to raise $1 bn to boost eco-friendly energy businesses

Hanwha Solutions Corp. is preparing to raise 1.2 trillion won ($1.1 billion) through rights issues to shore up new growth drivers, particularly it...

S-Oil to speed up push into chemical business

S-Oil Corp., 63.4% owned by Saudi Aramco, will more than double its petrochemical production capacity over the next decade to further expand beyond ...

Korea’s retail investors shed loser image, turn pandemic into bonanza

In South Korea, as the saying goes, the stock market is at its peak if a swarm of individual investors go on a buying spree, often leading to heavy ...

The art and business of the remake

A decade ago, if you dropped the word "remake" into conversation with someone who worked in the Korean film industry, a discussion might have ensued...

Korea’s commercial law revisions irk businesses, limit top shareholders’ clout

The National Assembly on Wednesday passed a series of commercial law revisions designed to limit business owners’ clout and enhance supervisio...

Samsung hands over diagnostics business to local bio firm

Samsung Electronics Co. has agreed to hand over the business rights for its in vitro diagnostics (IVD) unit to a South Korean bio company as part ...

SK to create $27 bn in addt'l net asset value via hydrogen business

SK Holdings Co., the holding company of South Korean conglomerate SK Group, aims to be at the forefront of the country's hydrogen ecosystem as part ...

Samsung promotes young executives to lead memory, foundry businesses

Samsung Electronics Co. on Wednesday announced a leadership shuffle in its two key businesses – memory chips and foundry – as the South ...

Retail investor buying, foreign selling hit fresh highs on Kospi

Foreign investors sold a record volume of shares on South Korea’s main bourse on Nov. 30, triggering a sharp fall in the main stock index, whi...

NHN, Intel team up to take on cloud business

South Korean IT heavyweight NHN Corp. and US-based tech giant Intel Corp. have entered into a strategic partnership to boost their presence in the c...

Rising demand for underwater cables keeps LS Cable busy round the clock

DONGHAE, Gangwon Province -- On a winter’s day in Donghae, Gangwon Province, some 250 km northeast of Seoul, LS Cable & System Ltd. wor...

Korean Air, Asiana may merge MRO businesses after spin-off

South Korea’s two largest airliners, Korean Air Lines Co. and Asiana Airlines Inc., may combine their airplane repair and maintenance businesses...

Hyundai Motor, SP Group to expand EV battery business in Singapore

Hyundai Motor Co. is seeking to expand its electrice vehicle battery business in Southeast Asia in cooperation with Singapore’s state-run utilit...

GS Retail, Home Shopping merge to become retail giant

South Korean conglomerate GS Holdings has decided to merge two of its retail units — the country's No. 1 convenience store chain operator and a ...

Hyundai Motor may buy Boston Dynamics to bolster robotics business

Hyundai Motor Co. may acquire Boston Dynamics Inc., a US-based robotics company, from Japan’s SoftBank Group Corp. in a deal worth as much as $1...

Samyang joins bid to acquire US-based chemical maker Emerald Kalama

Samyang Holdings Corporation, a South Korean manufacturer of food and chemical products, has joined the bid to acquire US-based Emerald Kalama Chemica...

LG Chem shareholders approve plan to split off battery business

LG Chem Ltd. shareholders have approved the South Korean chemical maker’s plan to hive off its battery business, paving the way for the standalo...