Startup accelerator D.Camp generates $22 billion in value in 10 years
Since its inception in 2012, the Banks Foundation for Young Entrepreneurs has generated more than $28 trillion won ($22 billion.)The goal of the fou...
Winia Electronics sharpens marketing efforts in Mexico
Winia Electronics Co., a medium-sized South Korean consumer electronics company, is the top microwave brand in Mexico. It is a little-known fact tha...
S-Oil shuts processing units after one killed, nine injured in blast
ULSAN, South Korea -- S-Oil Corp., Saudi Aramco’s refining unit in South Korea, has shut some of its production facilities in a move that will...
Hyundai, Kia to inject $16.6 bn into EV production in South Korea
The Hyundai Motor Group announced the conglomerate’s domestic investment blueprint on Wednesday. The backbone of the investment plan is to ma...
Hancom to launch South Korea’s first private satellite
Hancom InSpace, an affiliate of Hancom Group, announced on Wednesday it will launch South Korea’s first private satellite for Earth observatio...
BOK chief says big-step rate hikes possible; bond yields jump
South Korea’s central bank chief said he will consider big-step interest rate hikes in the coming months to curb inflation in Asia’s fou...
LG Energy begins joint research on smart factory tech with elite institute
LG Energy Solution Ltd. and Pohang-based Research Institute of Industrial Science and Technology (RIST) announced Wednesday they will embark on join...
South Koreans turned off by luxury fashion houses’ price hikes
A Cartier boutique inside a department store in Seoul’s posh Gangnam District was unusually slow on Tuesday. The quiet ambience was in sh...
HBO, Paramount to enter Korea via local OTT players
Two US streaming platforms HBO Max and Paramount Plus will be launching South Korean services this year via domestic over-the-top (OTT) players in a...
South Korea’s new president offers Pyongyang economic aid for denuclearization
SEOUL—South Korea’s new president said he would keep the door open for dialogue with North Korea and provide support for its fragile econo...
Korean app market One Store to venture into SE Asia
One Store Co., South Korea's homegrown app store, will venture into Taiwan and Southeast Asia within the year, aiming to crack Google and Apple's du...
Samsung Elec. proposes global research for 6G frequencies
Samsung Electronics Co., South Korea’s tech behemoth, has put forward global research on 6G service frequencies as it aims to take the lead in...
Korea contractor for TSMC, Airbus aims to top anodizing sector
South Korea’s YKMC Inc., an integrated contract manufacturer for global companies such as Taiwan Semiconductor Manufacturing Co. (TSMC) and Ai...
Korean golf course price likely to set new record per hole
The price of a public golf course in South Korea has surged 35% in one and a half years to set the highest per-hole selling price for a Korean golf ...
S-Oil logs record earnings in Q1 on high crude, margins
S-Oil Corp., Saudi Aramco’s refining unit in South Korea, enjoyed record earnings in the first quarter on healthy crude prices and refining ma...
Black Desert by Pearl Abyss tops China app market
South Korean game developer and publisher Pearl Abyss announced Tuesday the mobile version of its cross-platform MMORPG Black Desert has claimed f...
Why South Korean companies don't get tender offers
Elon Musk’s successful bid to buy out the social media platform Twitter for around $44 billion is a kind of deal unlikely to happen in South K...
Korean firewater lures more young Japanese
South Korea’s distilled spirit soju is alluring more young drinkers in Japan, the home of its rival liquor shochu, as K-content such as drama ...
Koreans poised to be India's first non-resident direct stock buyers
South Korean individuals are likely to become the first non-resident direct stock investors in India, after the South Asian country lifted the ceili...
South Korean conglomerates race to establish CVCs
One after another, South Korea’s household name conglomerates are establishing corporate venture capital (CVC) firms under their holding compa...
Surging dividend outflows to hit Korea's current account balance, won
Dividend payments of foreign companies operating in South Korea have nearly doubled and the repatriation of profit to their headquarters is expected...
HYBE to develop game biz further to cut reliance on BTS
South Korea’s HYBE Co. plans to accelerate the development of its game business by separating the unit as the entertainment giant aims to cut ...
South Korean comics platforms dominate global top 10
Six manhwa platforms operated by South Korea’s tech juggernauts rank among the top 10 paid digital comics platforms worldwide. Manhwa is ...
Samsung Group hires governance expert for unprecedented reorganization
Samsung Electronics Co. has hired a 20-year governance veteran for its much-awaited corporate governance restructuring, according to those familia...
Hanmi stands out with own drugs as Korean rivals sell imports
South Korea’s Hanmi Pharmaceutical Co. generated sales of more than 1 trillion won ($812.3 million) from its own medicines last year on strong...
FTC pushes to monitor foreign conglomerate owners
South Korea’s Fair Trade Commission (FTC) is one step closer to including foreign nationals to its list of owner-cum-heads of conglomerates ...
Korean manufacturers brace for higher emission costs
The increase in the price of carbon emission rights is dealing another blow to South Korean companies reeling from soaring raw materials and logisti...
MBK seeks to exit Korea’s Lotte Card for over $2.5 bn
MBK Partners is in the early stages of talks with telecom operator KT Corp. and other potential bidders to sell its majority stake in South Korea's ...
SK Hynix considers joint acquisition of UK chip designer Arm
South Korea's SK Hynix Inc. is considering forming a consortium with other strategic investors to buy Arm Ltd., a British semiconductor design compa...
South Korean exporters fret over tumbling yen
South Korean exporters such as Hyundai Motor Co. and Kia Corp. are jittery as the country’s won currency hit its strongest level versus the Ja...
