Lone Star, Seoul wrangle over KEB deal set to wrap up

A decade-long dispute between South Korea and the US private equity firm Lone Star Funds over a Korean deal will be wrapped up next week, with an in...

Hyosung showcases world’s first bio spandex at Seoul textile exhibition

Hyosung TNC Corp., a South Korean textile and yarn maker, is showcasing the world’s first commercialized plant-based spandex at an internation...

Seoul advises Mirae to cut leverage for $3 bn IFC deal

South Korea’s land ministry has advised Mirae Asset Global Investments Co. to cut the proposed leverage for its 4.1 trillion ($3 billion) deal...

Kakao ends talks with MBK to sell mobility app stake

South Korea's Kakao Corp. has terminated talks with MBK Partners to sell a stake in Kakao Mobility Corp., the country’s No. 1 taxi-hailing app...

Remote work, small offices revive S.Korea's printer market

South Korea’s printer market has been recovering from a long slump as the rise of remote work and small or home offices has revived demand for...

Korean LED maker’s winning streak in global patent wars

Seoul Semiconductor Co., the world’s second-largest light-emitting diode (LED) display maker, has scored another win in patent litigation agai...

Seoul National University to set up first overseas campus in Vietnam

Seoul National University (SNU), South Korea’s top-ranked higher education institution, is pursuing the setup of its first overseas campus in ...

Experts criticize Seoul's quantum computer development efforts

The United States: 4158. South Korea: 50These figures refer to the number of qubits in a quantum computer that each country seeks to develop by 2026...

Seoul says US tax credit bill risks violation of FTA, WTO

South Korea has conveyed concerns to the US about its legislative move to remove tax credits from electric vehicles produced outside of North Americ...

Home decoration app O!House launches a beta version in Japan

“Even though different countries have varying living conditions, we all share the common goal of decorating our spaces,” Jay Lee, CEO of...

Four chip alliance: S.Korea's courage to overcome Chinaphobia

“I'm gonna make him an offer he can’t refuse.”Ahn Cheol-soo, a senior lawmaker of South Korea’s ruling People Power Party, c...

Contactless healthcare app aims to become S.Korean unicorn

South Korea’s contactless healthcare service app Allacare, launched last year, adheres to its business ethics: direct delivery of prescribed d...

Kakao to bolster open chat, ad services for growth

South Korea’s leading online platform operator Kakao Corp. on Thursday unveiled plans to bolster its open chat and advertising businesses to a...

Seoul kicks off efforts to sell submarines to Australia

South Korea has embarked on efforts to export domestically designed submarines weighing more than 3,000 tons to Australia, while also in the final s...

Chinese game Genshin Impact's summer fest draws large crowds in Seoul

Shanghai-based game developer and publisher miHoYo Co. on Wednesday wrapped up its well-attended week-long Genshin 2022 Summer Festival in Seoul.&nb...

Popular app operators in South Korea race to create super apps

App operators in South Korea are in stiff competition to create super apps – as clear winners have emerged in different business sectors.The d...

Seoul leans toward alternative military service for BTS

South Korea is leaning toward allowing the K-pop boy band BTS to fulfill alternative service instead of active military duty, the country’s mi...

Seoul suspends new antitrust bill on trade conflict fears

South Korea has postponed the introduction of a new law aimed at expanding its authority beyond Korean entrepreneurs, people familiar with the matte...

Indonesian president to visit Hyundai Motor during Korea visit

Indonesian President Joko Widodo will visit Hyundai Motor Co. during his upcoming two-day official visit to South Korea as the automaker is aggressi...

Seoul to lure visitors with themed tours, video featuring BTS

Seoul, the capital of South Korea, is kickstarting efforts to attract foreign visitors with new tour programs and a promotional video featuring the ...

Chanel’s first VIP boutique to open in Asia – will it be in Seoul?

A couple of months ago, media outlets reported Chanel plans to open stores solely for VIP shopping in Asia.The French label is widely expected to op...

Kakao steps back from conflict over Google's in-app payment

South Korea’s Kakao Corp. has voluntarily removed an external payment link from the country’s largest messaging app KakaoTalk in complia...

Commercial real estate market in Seoul shrinks in H1 2022

The commercial real estate market in Seoul slowed this year, according to a report by South Korean online property platform RSquare. The sum of the ...

The case for improved Seoul-Tokyo relations

Unlike the West or China, which showed vastly different reactions, most South Koreans had a more complicated initial response to the news of forme...

South Korea’s unicorn startups, including Viva Republica, delay IPOs

South Korean startups that exceed $1 billion in valuations, known as unicorns, are pushing back their initial public offering (IPO) dates.The move c...

Korean PE firms' 2021 funds bet on parts makers, dividend stock

IMM Investment Co. and STIC Investments Co., the two most active South Korean private equity firms in 2021 fundraising, made bets on a dividend-focu...

SK Group set to buy landmark Seoul building for about $500 mn

South Korea’s second-largest conglomerate SK Group will be buying a landmark office building in a central business district of Seoul for aroun...

Small S.Korean PE firms flex muscle during pandemic

Private equity firms registered in South Korea enjoyed a 20% jump in their accumulated commitments in 2021 as a whole, led by small and medium-sized...

Google stops KakaoTalk updates over violation of external payment policy

Alphabet Inc.’s Google has halted updates to Kakao Corp.'s KakaoTalk, South Korea's most popular messaging app. An employee of Kakao told...

Biden and leaders of Japan and South Korea pledge greater cooperation

President Biden met with the heads of Japan and South Korea—the first such gathering between the three countries’ leaders in nearly five...