Lee, Trump end first summit on cordial note, but questions remain

South Korea’s proposal to help revive the US shipbuilding industry proved pivotal in setting a positive tone for President Lee Jae Myung&rsquo...

Jeju Dream Tower poised to dethrone Paradise as Korea’s top casino in 2025

Jeju Dream Tower Casino, operated by South Korea’s major tourism and leisure company, Lotte Tour Development Co., is on track to snatch the cr...

Korea Inc pledges $150 bn US investment; KAL buys new planes, Samsung, Hyundai Motor vow extra spending

WASHINGTON, D.C. – South Korea’s biggest conglomerates have committed $150 billion in fresh investment in the US in a sweeping package t...

Korean dining chains sweep across US, boon for K-sauce  

Korean dining chains are springing up across the US, fueled by health-conscious eating trends and the surging influence of Korean pop culture, boost...

SK seeks to divest overseas units acquired from Dow Chemical, Arkema

SK Geo Centric Co. is approaching foreign petrochemical companies to sell the overseas units it acquired from Dow Chemical and France’s Arkema...

HD Hyundai Robotics to raise $144.3 mn to bolster AI-powered robots

HD Hyundai Robotics Co., an industrial robot producer under South Korea’s shipbuilding and machinery giant HD Hyundai Co., will raise 200 bill...

Korean tycoons head to US to support summit; Samsung likely to unveil fresh investment

The heads of South Korea’s largest conglomerates are heading to the US to support a Seoul-Washington summit, with investors watching closely f...

Over 10,000 Koreans hold more than 1 billion won in crypto assets

More than 10,000 South Koreans each hold cryptocurrencies worth over 1 billion won ($740,000), with their combined assets totaling 24 trillion won (...

Korea passes controversial ‘Yellow Envelope Act,’ inviting backlash from employers, foreign firms

South Korea’s Parliament has approved sweeping labor reforms known as the “Yellow Envelope Act,” prompting a fierce backlash ...

Bill Gates strengthens ties with Samsung, SK, HD Hyundai on energy, biotech, philanthropy projects

Bill Gates, the Microsoft co-founder-turned-philanthropist, has stepped up his engagement with South Korea’s corporate titans, meeting the hea...

French specialty gas maker Air Liquide signs $2.9 bn deal to acquire DIG Airgas from Macquarie

Air Liquide SA, a French multinational industrial gas and services company, has signed a share purchase agreement to acquire South Korea’s DIG...

Korean firms eye $5 bn in bond sales as credit spread hits 14-mth low

South Korean companies are ramping up bond offerings ahead of the Korean Thanksgiving holiday in early October, taking advantage of falling interest...

Samsung’s US profit triples in H1 thanks to Galaxy phones

Samsung Electronics Co.'s US unit nearly tripled its profit in the first half of the year, defying concerns about steep US tariffs on foreign electr...

HD KSOE buys Doosan Vina for $207.5 mn in green ship push

HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) agreed to buy a full stake in Doosan Vina, the Vietnamese unit of Doosan Enerbility C...

Hyundai Motor to up ante in US with full hybrid lineup in 2026

Hyundai Motor Group plans to expand hybrid offerings across its entire US lineup to cushion profitability from US tariff fallout while hoping to nar...

S.Korea’s petrochemical firms to cut capacity on state call for rigorous restructuring

South Korea’s 10 largest petrochemical companies have agreed to restructure their operations, including up to 25% cuts to their naphtha-cracki...

JPMorgan, Morgan Stanley to meet with Korean regulators, financial chiefs to assess Korea risks firsthand

JPMorgan and Morgan Stanley executives, alongside dozens of overseas investors, will visit South Korea next month to meet with top policymakers and ...

S.Korean President Lee to meet KPop Demon Hunters director Maggie Kang, TWICE

South Korean President Lee Jae Myung will meet with Maggie Kang, director of the Netflix animated feature KPop Demon Hunters, along with K-pop girl ...

NH gains most in Korea’s first-half IB league; Meritz emerges as fast-rising challenger

South Korea’s investment banking hierarchy is in flux after the country’s leading brokerages reported sharply divergent earnings perform...

AWS, Upstage deepen ties in AI drive across Asia-Pacific, US

Amazon Web Services (AWS) has reinforced its partnership with South Korean artificial intelligence startup Upstage, backing the company with a minor...

Korea’s demographic shift to single households: Magnet for global real estate giants, investors

South Korea’s rental housing market is attracting some of the world’s largest property investors, as the country’s shifting demogr...

Yuhan’s lung cancer drug eyes blockbuster sales by 2027

A novel lung cancer therapy developed by South Korea’s Yuhan Corp. is on track to become a global blockbuster drug, with annual sales projecte...

‘Act fast, or miss out’: Korean retail investors look to Wall Street debut stocks for hefty gains

When cryptocurrency exchange operator Bullish rang the bell at the New York Stock Exchange (NYSE) on Aug. 13, a 30-something South Korean investor l...

Woori Bank opens Austin’s first Korean lender branch as US presence gathers pace

Woori Bank, a unit of Woori Financial Group Inc., South Korea’s fourth-largest financial services provider, has opened a branch in Austin, Tex...

Korean retail investors pile up Hong Kong shares on China tech surge

South Korean mom-and-pop investors are pouring into the Hong Kong stock market this year, chasing a rally in blue-chip Chinese tech names, with thei...

BOE risks 15-year US OLED ban in Samsung dispute; Korean display stocks rally

South Korean display makers stand to gain from a possible 15-year US import ban on organic light-emitting diode (OLED) panels from China’s BOE...

Disney, Marvel, Star Wars stories to get Korean webtoon makeover

Webtoon Entertainment Inc. is bringing Iron Man, Spider-Man, Darth Vader and Beauty and the Beast to life in vertical web panels, reimagined in the ...

KT reports record operating profit on robust AI business in Q2

South Korea’s major mobile carrier KT Corp., which has picked artificial intelligence as its next growth engine, posted record-high quarterly ...

From ramen to skincare, Samyang beats Toyo Suisan in market cap; APR nears Shiseido

As Korean food and beauty products ride a wave of enduring global demand, Samyang Foods Co. has overtaken Japan’s Toyo Suisan Kaisha Ltd., the...

Aussie developer The Living Company targets Korean residential market

The Living Company, a leading Australian housing developer, on Thursday opened an office in Seoul to target South Korea’s residential market. ...