Power transformer sales explode on AI boom: HD Hyundai Electric CEO
Cho Seok, chief executive of HD Hyundai Electric Co., is an outsider at Korea Inc.When he was named CEO of the power equipment maker in December 201...
Manyo’s Pure Cleansing Oil to hit US Costco shelves in July
South Korea’s naturalism cosmetics company Manyo Co. has hit the jackpot in a deal to supply its best-selling face cleansing product, Pure Cle...
RVs, SUVs sweep top 4 spots in South Korea’s first-quarter auto sales
Recreational vehicles (RVs) and sport utility vehicles (SUVs) achieved an unprecedented feat by claiming the top four spots on the list of best-sell...
LG Electronics seeks to sell global bonds, 1st time in 12 yrs
LG Electronics Inc. is seeking to issue dollar-denominated bonds, its first global bond sale in 12 years, according to people with knowledge of the ...
Kia to boost hybrid lineup to lead eco-friendly car market
Kia Corp., South Korea’s second-largest automaker, plans to strengthen its hybrid lineup and launch cheaper electric vehicles to lead the glob...
Korean firms' bond sales hit record in Q1 amid rate cut signal
Corporate bond issuance in South Korea hit a record in the first quarter of this year amid growing expectations of the Federal Reserve’s rate ...
LG Electronics logs record-high revenue in Q1 on B2B push
LG Electronics Inc. raked in its largest-ever quarterly revenue in the first quarter of this year, maintaining upward momentum after a stellar 2023,...
Chanel to open after-sales service center in Seoul
French luxury label Chanel is planning to open a dedicated after-sales service center in South Korea, one of the world’s largest markets for h...
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...
Hyosung TNC to invest $1 bn in new bio-fiber plants in Vietnam
Hyosung TNC Corp., the world’s top spandex maker, plans to invest $1 billion in new bio-textile materials plants in Vietnam to accelerate its ...
Shinhan Securities leads M&A of Trench Group
South Korea's Shinhan Securities announced on Friday that it participated as the lead underwriter in the merger and acquisition deal of Trench Group...
Taihan Cable wins $81 mn power network replacement order in US
South Korea's Taihan Cable & Solution Co. announced on Friday that it secured a project of 110 billion won ($81.5 million) to replace aging po...
Korea’s factory output rebounds in February on chip recovery
South Korea’s factory activity last month bounced back in three months thanks to strong recovery in the country’s semiconductor sector b...
KDB halts KDB Life sale process to take full control
The state-run Korea Development Bank (KDB) has suspended the protracted sale process of KDB Life Insurance Co. to take full control of the insurer b...
IMM PE puts South Korea’s top travel agency Hanatour up for sale
IMM Private Equity Inc., a Seoul-based private equity firm, is selling its controlling stake in Hanatour Service Inc., South Korea’s top trave...
SK Networks prepares to put SK Rent-a-Car on market
SK Networks Co. is preparing to put SK Rent-a-Car Co. on the market in a deal worth an estimated 600 billion won ($448 million) as part of efforts t...
Licensed casual apparel brands' luster fades in Korea
The fad for licensed casual fashion brands appears to be cooling in South Korea, where American sports clubs, broadcasting networks and documentary ...
Samsung seeks to launch new super mobile banking app with a local bank
Samsung Financial Networks, a union of Samsung Group’s four financial affiliates, is seeking to launch a super mobile banking app in partnersh...
Hyundai, Kia's European sales reach 79,000 units in February
Hyundai Motor Co. and Kia Corp. reported a 2.3% rise in European sales in February, selling a combined total of 79,130 vehicles, according to data f...
Samsung Fire headquarters up for sale at about $746 mn
The Samsung Fire & Marine Insurance Co. headquarters building in Seoul is on the market at a valuation of more than 1 trillion won ($746 million...
Drug maker Boryung targets its highest-ever sales in 2024
Boryung Corp., formerly Boryung Pharmaceutical Co., aims to join the 1 trillion won ($748 million) sales club this year, driven by new chronic disea...
Samsung tops global soundbar market for 10th consecutive year
Samsung Electronics Co. has held its ground as the leader in the global soundbar market for ten consecutive years, from 2014 through 2023, according...
Hyundai Dept. Store virtual idol pop-ups attract 100,000
South Korea's Hyundai Department Store Co. said on Monday that its pop-up stores of the three virtual idol groups at The Hyundai Seoul attracted ove...
Korean rental platforms become headache for PE investors
South Korean rental platforms have become a headache for private equity firms, with their declining profits and dim business outlooks making them ha...
Hyundai to bring Casper EV to Japan, premium Genesis cars to India
Hyundai Motor Co. will bring its electric Casper crossover city car to Japan next year as part of a bid to reinvigorate its performance in the neigh...
Daewoo E&C, Kuwaiti banks sign $250 mn loan agreement
Daewoo Engineering & Construction Co. has signed an agreement to take on a $250 million loan from three Kuwaiti banks, Al Ahli Bank of Kuwait (A...
Hyundai L&C targets US, India with premium finishing material
Hyundai L&C, South Korea’s Hyundai Department Store Group’s building materials unit, said on Tuesday that it will increase the propo...
Korean real estate firms put up for sale amid lasting market downturn
A growing number of private real estate firms are being put up for sale in South Korea amid a prolonged market downturn and increasing delinquencies...
Seoul landmark Donuimun D Tower put up for sale
South Korean real estate firm Mastern Investment Management is set to sell off Donuimun D Tower, a landmark office building in Seoul, for about 900 ...
BMW EV sales roar in Korea on strong lineup of new models
BMW, already one of the top two best-selling imported car sellers in South Korea, has beaten the world’s No. 1 EV seller Tesla Inc. in the cou...
