Coupang’s business model put to test as shares fall below IPO price

Coupang Inc., widely seen as the South Korean version of global e-commerce giant Amazon.com, has closely followed the US company’s business mo...

SK holds off indefinitely on petrochem unit stake sale

South Korea's SK Innovation Co. has put on hold indefinitely its plan to sell up to a 49% stake in SK Geocentric Co., formerly known as SK Global Ch...

Activist fund urges SK Chemicals to sell part of SK Bioscience stake

A Singaporean activist fund has urged South Korea’s SK Chemicals to sell some of its shares in SK Bioscience Co., saying its corporate value h...

Hyundai Heavy becomes third-most subscribed Korean IPO

Hyundai Heavy Industries Co. became the third-most subscribed stock in South Korea after its initial public offering drew 1,130 trillion won ($968 b...

Steel stocks rally on iron ore price falls, Q3 outlook

Shares in South Korean steelmakers rose sharply in active trade on Tuesday, on the prospect that the declining iron ore price and Chinese rivals' ou...

GIC, PEFs face further delays to Kyobo exit after ruling

Singapore’s GIC, Canada's Ontario Teacher's Pension Plan (OTPP) and private equity firms, including Affinity Equity Partners, may need to endu...

LG Innotek, Samsung Electro-Mechanics benefit from wafer shortage

South Korea’s semiconductor substrate producers including LG Innotek and Samsung Electro-Mechanics are benefiting as a global wafer shortage...

Samsung, LG see largest surge in TV prices in decade

Lee Ji-eun, a 30-year-old bride-to-be, was surprised at the prices of liquid-crystal display (LCD) TVs when she visited a home appliance store in ...

Kakao Pay cuts IPO price by 6% for October listing

Kakao Pay Corp., the digital settlement platform unit of South Korea’s top messaging app operator Kakao Corp., has slashed its initial publi...

Global automakers' new battle field: small EVs

Global automakers stop producing smaller cars among internal combustion engine models. The industry is facing difficulties to make profits from thos...

Will Samsung follow TSMC's price hikes?

Samsung Electronics Co., the world’s largest memory chip maker, is expected to raise foundry prices in the near term as surging demand is outp...

Volatile raw material prices put Korea on alert for procurement

Volatile price changes in iron ore and non-ferrous metals such as lithium and nickel are keeping South Korean companies on their toes for procuremen...

Rolex emerges as latest target of S.Korea’s luxury brand fever

Rolex watches are now the latest object of South Korea’s unwavering love for luxury goods. The high demand and limited supply of Rolex watches...

Korean shipbuilders find relief in falling iron ore prices, rise in new orders

South Korea’s major shipbuilders expect to post improved earnings in coming quarters as falling iron ore prices put them in a stronger positio...

Rising copper prices help Poongsan, hit LS-Nikko

Rising copper prices on a global economic recovery helped a South Korean non-ferrous metal product maker Poongsan Corporation improve its earnings, ...

Tumbling won adds to Bank of Korea rate hike views

The South Korean won skidded to an eleven month-low as foreign investors extended a selling spree in the local stock markets, adding to expectations...

KOGAS cuts import costs on Qatari LNG with COVID-19 kits

Korea Gas Corp. (KOGAS) cut imports costs on liquefied natural gas (LNG) from Qatar for 20 years thanks to COVID-19 test kits.KOGAS signed on July 1...

Shinsegae’s omnichannel strategy drives up share prices of key affiliates

South Korean retail conglomerate Shinsegae Group’s key affiliates are enjoying upward revaluation of share prices. Not only the market is faci...

S.Korea to launch first carbon credit ETFs in September

South Korea will launch its first set of carbon credit-themed exchange-traded funds (ETFs) next month, in a move to address the rising investor dema...

Office tower near Seoul up for sale for about $900 mn

Alpharium Tower, a landmark office tower in Pangyo Techno Valley near Seoul, will be put on the market later this year, which is expected to fetch t...

Passing China, S.Korean shipbuilders hold top spot for three months

South Korea’s shipbuilding industry has maintained the top position worldwide in new orders for three straight months up to July.According to ...

Seoul property prices rise at world's fastest rate

The commercial real estate market in Seoul saw the fastest rate of price growth among all the gateway cities in the world over the past 12 months, w...

Diet boom drives Foodnamoo to 52-week high

South Korea-based Foodnamoo Inc., the operator of diet product platform Rankingdak.com, has hit a new 52-week high as its share price closed at the ...

SK Bioscience to kick off phase 3 vaccine trials

SK Bioscience Co. has received approval from South Korea’s Ministry of Food and Drug Safety (MFDS) for phase 3 clinical trials of its COVID-19...

Valuation woes weigh down Krafton on Kospi debut

South Korean game developer Krafton Inc. made a disappointing local stock market debut on Aug. 10 amid concerns of overvaluation.Krafton opened at 4...

Krafton locks up two-thirds of IPO shares amid price concerns

Krafton Inc. has locked up more than 80% of its IPO shares allocated to institutional investors, in a move to prevent mass selling of its shares imm...

Krafton IPO draws lukewarm demand from retail investors

Korea’s major game developer Krafton Inc’s much-anticipated IPO subscription has closed by only drawing a muted response from investors....

Korea’s big 3 shipbuilders aim to hike newbuilding prices

South Korea’s three major shipbuilders are looking to raise new shipbuilding prices to enhance their profitability following hefty second-quar...

Ssangyong draws HAAH and electric bus, scooter makers

Ssangyong Motor Co., a troubled South Korean sports utility vehicle maker, has drawn nine preliminary bidders, including a US automobile distributor...

Chip supercycle view revives with DRAM, NAND prices at multi-year highs

The contract prices of memory chip prices are hovering around multi-year high levels, fanning the view that the global semiconductor market is enter...