S.Korea's Iljin Group halts sale of its display maker

S.Korea's Iljin Group halts sale of its display maker

South Korea’s Iljin Display Co. has suspended procedures of selling its 43.19% stake with management rights, the junior bourse Kosdaq-listed d...

Sale of Korean dental scanner maker Medit fails

Sale of Korean dental scanner maker Medit fails

The sale of South Korea's dental scanner manufacturer Medit will undergo a reset as the preferred bidder, a consortium led by GS Holdings and the US...

SK Biopharma's epilepsy treatment posts impressive growth in US

SK Biopharma's epilepsy treatment posts impressive growth in US

South Korean SK Biopharmaceuticals' epilepsy treatment Cenobamate has seen rapid growth on the US market.The company on Thursday said the medic...

Korean retail brand F&F’s Chinese sales seen above $800 million

Korean retail brand F&F’s Chinese sales seen above $800 million

South Korean outdoor clothing retailer F&F Co. is expected to post 1.1 trillion won ($807 million) in sales revenue in China this year, emerging...

Celltrion's Q3 earnings boosted by Remsima sales in Europe

Celltrion's Q3 earnings boosted by Remsima sales in Europe

South Korean biopharmaceutical giant Celltrion Inc. announced 654.6 billion won ($478.2 million) in revenue and 213.8 billion won in operating profi...

US water treatment juggernaut Culligan eyes Chungho Nais stake

US water treatment juggernaut Culligan eyes Chungho Nais stake

Culligan, the biggest water treatment company in the United States, is set to become a major shareholder in South Korean water purifier rental firm ...

SK Square chief expects significant investment gains from next year

SK Square chief expects significant investment gains from next year

SK Square Co., the investment management arm of South Korea’s SK Group, is looking to reap handsome gains from its investment and divestment a...

Falling Korea current account surplus heightens economic woes

Falling Korea current account surplus heightens economic woes

South Korea’s current account surplus has shrunk on falling exports, adding to concerns over a slowdown in Asia’s fourth-largest economy...

Naver posts record 3Q sales boosted by content and commerce

Naver posts record 3Q sales boosted by content and commerce

South Korea's leading web portal Naver reported record-high sales in the third quarter thanks to surging growth in its content sector, including the...

S.Korea's LS Cable to become KT Submarine's largest shareholder

S.Korea's LS Cable to become KT Submarine's largest shareholder

South Korea’s leading cable manufacturer LS Cable & System Ltd. is poised to become the largest shareholder of undersea cable construction...

Doosan Bobcat, Doosan Group’s cash cow, set for record 2022 earnings

Doosan Bobcat, Doosan Group’s cash cow, set for record 2022 earnings

Doosan Bobcat, the construction and agricultural machine making affiliate of South Korea’s Doosan Group, is poised to join the “one tril...

Select Korean companies seek to raise cash reserves

Select Korean companies seek to raise cash reserves

Several corporations have recently sold stocks and real estate apparently to boost liquidity and repay maturing debts amid the "three high" era of h...

Market Kurly drops Market from platform name to expand business scope

Market Kurly drops Market from platform name to expand business scope

South Korea’s Kurly Inc. has changed the name of its grocery delivery service platform Market Kurly to Kurly as part of its corporate strategy...

EQT Partners to invest $1.4 bn in Korea's No. 2 physical security firm

EQT Partners to invest $1.4 bn in Korea's No. 2 physical security firm

Sweden’s EQT Partners AB is set to acquire a 36.87% stake in South Korean security services provider SK Shieldus Co. from a consortium led by ...

Hyundai, Kia post record hybrid vehicle sales in US in October

Hyundai, Kia post record hybrid vehicle sales in US in October

Hyundai Motor Co. and Kia Corp., which are gradually increasing their presence in the US market, saw their hybrid vehicle sales reach an all-time hi...

POSCO International, Netherlands’ Hardt sign deal on hyperloop project

POSCO International, Netherlands’ Hardt sign deal on hyperloop project

POSCO International Corp., the general trading arm of South Korea’s steel giant POSCO Holdings Inc., said on Tuesday it is entering the hyperl...

Conglomerates cancel commercial events following Itaewon crowd crush

Conglomerates cancel commercial events following Itaewon crowd crush

South Korean conglomerates are canceling promotional events through to the end of the year, following the tragic deaths of more than 150 people in t...

Samsung SDI beats CATL in EV battery operating margin

Samsung SDI beats CATL in EV battery operating margin

Samsung SDI Co., the world’s sixth-largest electric vehicle battery maker, reported a higher operating margin than that of the global leader C...

POSCO Chemical posts record third-quarter sales, operating profit

POSCO Chemical posts record third-quarter sales, operating profit

POSCO Chemical Co., a unit of South Korea’s steel giant POSCO Holdings Inc., on Monday posted record revenue and operating profit in the third...

Hotel Shilla's biz hotel to post record guest room sales

Hotel Shilla's biz hotel to post record guest room sales

When Hotel Shilla Co. CEO and Samsung Group heiress Lee Boo-jin said in a shareholders’ meeting in March that the Korean hotel company will br...

Hyundai to ramp up hybrid vehicle production next year

Hyundai to ramp up hybrid vehicle production next year

Hyundai Motor Co., South Korea’s top automaker, will increase production of hybrid models by some 15% next year to focus on the popular segmen...

Moderna to stay ahead in mRNA technology: CSO Melissa Moore

Moderna to stay ahead in mRNA technology: CSO Melissa Moore

CAMBRIDGE, MA – The COVID-19 coronavirus disease has been a curse for many people and companies around the world over the past couple of years...

US sanctions on Russia may hinder Korean Medit sale

US sanctions on Russia may hinder Korean Medit sale

US private equity giants The Carlyle Group and Kohlberg Kravis Roberts & Co. (KKR) may have to give up on their acquisition plans of Medit Corp....

Samsung Q3 earnings disappoint on weak chip business

Samsung Q3 earnings disappoint on weak chip business

Samsung Electronics Co., the world’s top memory chipmaker, missed third-quarter earnings estimates on the weak semiconductor business and its ...

KT rebrands Olleh TV as Genie TV to transform into media portal

KT rebrands Olleh TV as Genie TV to transform into media portal

South Korea’s telecom giant KT Corp. is rebranding its IPTV service Olleh TV as Genie TV as part of its efforts to transform into a media port...

SoftBank’s Son expected to meet Samsung's Lee for Arm M&A discussion

SoftBank’s Son expected to meet Samsung's Lee for Arm M&A discussion

SoftBank Group Corp. CEO Masayoshi Son, who also goes by the Korean name Son Jeong-ui, arrived in South Korea on Saturday. When asked about the purp...

Samsung cuts H2 chip sales outlook by a third, gripped by sense of crisis

Samsung cuts H2 chip sales outlook by a third, gripped by sense of crisis

Samsung Electronics Co., the world’s largest memory chipmaker, has slashed its outlook for second-half semiconductor sales revenue by a third ...

Short selling piles up on Kospi’s top three stocks

Short selling piles up on Kospi’s top three stocks

South Korea’s three largest companies by market cap -- Samsung Electronics Co, LG Energy Solution Co. and SK Hynix Inc. -- were heavily short ...

Celltrion wins sales approval for biosimilar Vegzelma in Japan

Celltrion wins sales approval for biosimilar Vegzelma in Japan

Celltrion Inc. secured Japan’s approval for sales of its cancer treatment biosimilar CT-P16, a move to help the South Korean biopharmaceutical...

Diageo revokes agreement for sale of Windsor to South Korean consortium

Diageo revokes agreement for sale of Windsor to South Korean consortium

London-based global alcoholic beverage company Diageo plc announced Tuesday it plans to revoke the domestic management rights of the Windsor whisky ...

S.Korea’s extra budget approved; IBs lift economic forecast BTS’ Suga, MLB star Chan Ho Park to join Oakland Athletics as shareholders Celltrion secures $730 mn to buy biosimilar unit shares, pursue M&A Korean commercial act revision to drive reevaluation of equities: J.P. Morgan S.Korea to elevate science minister to deputy prime minister to lead in AI race