Korean real estate firms put up for sale amid lasting market downturn

Korean real estate firms put up for sale amid lasting market downturn

A growing number of private real estate firms are being put up for sale in South Korea amid a prolonged market downturn and increasing delinquencies...

Foreign venture funding for Korean startups picks up

Foreign venture funding for Korean startups picks up

South Korean startups raising funds from overseas venture capital firms nearly doubled in the first two months of this year from a year ago, heighte...

MBK’s Michael ByungJu Kim: Most influential in Korea’s capital market

MBK’s Michael ByungJu Kim: Most influential in Korea’s capital market

Michael ByungJu Kim, co-founder and partner of Northeast Asia-focused private equity firm MBK Partners Ltd., has been chosen as the most influential...

Goldman Sachs Korea co-head Chung to move to Hyundai Capital

Goldman Sachs Korea co-head Chung to move to Hyundai Capital

Goldman Sachs’ Chung Hyung-Jin, co-head of the Seoul office and the leader of the firm’s investment banking (IB) business in South Korea...

Seoul landmark Donuimun D Tower put up for sale

Seoul landmark Donuimun D Tower put up for sale

South Korean real estate firm Mastern Investment Management is set to sell off Donuimun D Tower, a landmark office building in Seoul, for about 900 ...

BMW EV sales roar in Korea on strong lineup of new models

BMW EV sales roar in Korea on strong lineup of new models

BMW, already one of the top two best-selling imported car sellers in South Korea, has beaten the world’s No. 1 EV seller Tesla Inc. in the cou...

Korea, new darling of Maybach, Bentley, Rolls-Royce

Korea, new darling of Maybach, Bentley, Rolls-Royce

Foreign exquisite, high-end car brands are eager to offer new and exclusive experiences to their customers in South Korea, the fastest-growing luxur...

Korea’s bond sales up in February; corporate bonds remain buoyant

Korea’s bond sales up in February; corporate bonds remain buoyant

Bond sales in South Korea amounted to 71.8 trillion won ($54.4 billion) in February, 12.4% up from a month prior, according to a report from the Kor...

South Korea’s Daesang retracts bid to acquire China’s Chengfu Food

South Korea’s Daesang retracts bid to acquire China’s Chengfu Food

South Korea’s food giant Daesang Corp. has retracted its bid to acquire a controlling stake in China’s leading food additives maker Heil...

S.Korea’s travel deficit widens to 1-year high in January

S.Korea’s travel deficit widens to 1-year high in January

South Korea’s travel account deficit reached its highest level in one year in January as a greater number of Koreans spent their winter break ...

KEXIM, US DOE to support S.Korean green energy firms

KEXIM, US DOE to support S.Korean green energy firms

The Export-Import Bank of Korea (KEXIM) said on Mar. 7 that it will support domestic firms that aim to enter the American green energy industry with...

Brookfield taps ARA Korea as preferred bidder for Conrad Seoul

Brookfield taps ARA Korea as preferred bidder for Conrad Seoul

Canada’s Brookfield Asset Management Ltd. has selected Seoul-based real estate manager ARA Korea Ltd. as the preferred bidder for five-star ho...

AliExpress sells top K-food maker’s products in S.Korea

AliExpress sells top K-food maker’s products in S.Korea

AliExpress, an e-commerce arm of China’s Alibaba Group, on Thursday started selling products of CJ CheilJedang Corp., South Korea’s top ...

Samsung to use recycled neon gas in chip manufacturing

Samsung to use recycled neon gas in chip manufacturing

Samsung Electronics Co. will use recycled neon gas in chip production for the first time in the world, a move expected to stabilize the cost and sup...

LG ups ante in AI race with bullish bets on startups

LG ups ante in AI race with bullish bets on startups

LG Group, South Korea’s fourth-largest conglomerate controlling electronics, chemicals, media and service companies, is aggressively raising t...

EQT sells Shinhan Financial stake in block deal at 30% IRR

EQT sells Shinhan Financial stake in block deal at 30% IRR

EQT Private Capital Asia sold 415.5 billion won ($311.9 million) worth of shares in South Korea’s Shinhan Financial Group Co. in a block deal ...

Korea probes AliExpress as Chinese e-commerce threat grows

Korea probes AliExpress as Chinese e-commerce threat grows

South Korea’s antitrust body launched a probe into alleged violations of consumer protection regulations by China’s AliExpress, as Chine...

S.Korea's CU opens first store in Kazakhstan

S.Korea's CU opens first store in Kazakhstan

South Korea's BGF Retail, the operator of the leading domestic convenience store chain CU, announced on Thursday that it opened its first store in K...

Korea reclaims top spot in global shipbuilding orders in February

Korea reclaims top spot in global shipbuilding orders in February

South Korean shipbuilders reclaimed the global No. 1 position in new orders last month for the first time since October 2023, according to data by U...

Korea’s inflation rebounds, BOK to keep interest rates in H1

Korea’s inflation rebounds, BOK to keep interest rates in H1

South Korea’s headline inflation rebounded in February from a six-month low on higher prices of oil and agricultural products, adding to expec...

S.Korea commercializes recycled materials EV tire

S.Korea commercializes recycled materials EV tire

South Korea's Hyosung Advanced Materials, SK Chemicals Co., and Hankook Tire & Technology announced on Mar. 6. that they commercialized a dedica...

Korea's NH Investment shortlists 3 CEO candidates

Korea's NH Investment shortlists 3 CEO candidates

South Korean brokerage house NH Investment & Securities Co. has shortlisted three candidates for its next chief executive as the current CEO Jeo...

BMW unveils PHEV sedan New 530e in S.Korea

BMW unveils PHEV sedan New 530e in S.Korea

BMW Korea announced on Tuesday that it unveiled the plug-in hybrid (PHEV) sedan model The New 530e in the domestic market. According to BMW Kor...

S.Korea’s GNI per capita rebounds in 2023 as won stabilizes

S.Korea’s GNI per capita rebounds in 2023 as won stabilizes

South Korea’s gross national income (GNI) per capita rebounded last year as the won currency stabilized amid signs of a recovery in exports fr...

Tesla, Korea's EcoPro presumed to enter battery materials deal

 Tesla, Korea's EcoPro presumed to enter battery materials deal

Tesla Inc., the world’s No. 2 electric vehicle maker, is believed to have agreed to procure battery ingredients from South Korea’s EcoPr...

SK D&D relaunches renewable energy business spin-off as SK Eternix

SK D&D relaunches renewable energy business spin-off as SK Eternix

SK D&D Co., a real estate unit of South Korea’s SK Group, said on Monday it has completed the planned spin-off of its renewable energy bus...

Hana Bank issues Hana Certification in 16 languages

Hana Bank issues Hana Certification in 16 languages

South Korea's Hana Bank announced on Monday that it launched the Hana Certificate service in 16 languages. The service is available through the...

Palliser Capital backs proxy fight with Samsung C&T

Palliser Capital backs proxy fight with Samsung C&T

Palliser Capital, a London-based hedge fund, said on Sunday it will vote in favor of other activist shareholders’ proposals for Samsung C&...

Kumho Tire forges tech licensing agreement with Saudi's Blatco

Kumho Tire forges tech licensing agreement with Saudi's Blatco

Kumho Tire Co. announced on Monday that it signed a technology export contract with Saudi Arabia's Black Arrow Tire Co. (Blatco).Under the deal, Kum...

S.Koreans watch YouTube over 40 hours a month

S.Koreans watch YouTube over 40 hours a month

South Koreans spend more than 40 hours per month on YouTube, according to the study on Monday.Wiseapp·Retail·Goods, the domestic appli...

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