Samsung likely to announce US foundry investment plan this week

Samsung Electronics Co. is expected to announce an investment plan for its second US-based semiconductor foundry plant this week. As the South Kor...

Hyundai to set up UAM research center in LA next year

South Korea’s Hyundai Motor Group is accelerating the urban air mobility (UAM) business with a plan to set up a research center for the sector...

Samsung Biologics-made Moderna vaccine available to Koreans this week

Moderna Inc.’s COVID-19 vaccine first produced by Samsung Biologics Co. under a contract manufacturing organization (CMO) service will be avai...

Korean auto shares shine in gloomy stock market

South Korean car shares overcame slides in the country’s stock markets as the automotive chip shortage is showing some signs of easing.Global ...

Next K-wave in Asia: Convenience stores

When South Korean major convenience store chain CU opened its first branch in Malaysia on April 1, there was a queue of more than 100 meters to get ...

SKC drops plan for silicon anode JV on investment overlap woes

South Korea’s SKC Co. withdrew a plan to set up a joint venture with British battery materials maker Nexeon Ltd. for the silicon anode mater...

Korea stocks, won tumble as foreigners dump $1 bn in equity futures

South Korean stocks and the won currency lost ground with the main Kospi ending below the 3,100 mark for the first time in five weeks as foreign inv...

Amazon Global Store shakes up S.Korea’s e-commerce scene

Amazon Global Store posted a stellar first-week performance in South Korea. The service, launched at the end of August on SK Telecom Co.’s onl...

Korean firms scramble for bond sales on further rate hike views

South Korean companies rushed to issues bonds as the Bank of Korea is expected to raise interest rates further, ramping up financing costs. Some war...

Samsung SDI may build battery plant in Illinois

e Samsung SDI Co., one of South Korea's top three electric vehicle battery makers, is considering building its first US battery plant in central Il...

Korean won at 11-month low as foreigners dump $6.1 bn in stocks this week

The South Korean won tumbled to a near 11-month low as foreign investors dumped $6.1 billion in local stocks this week much more than their total se...

Korean investors rush to buy Vietnam stocks

South Korean investors are rushing to buy Vietnamese stocks as the market is showing signs of a recovery. Analysts predicted export-oriented shares ...

The Secret to CrossFit Games Domination: Bobsledding in South Korea

How far was the four-time reigning women’s CrossFit Games champion willing to go to stay in tiptop shape and defend her title? From Tennessee ...

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 ...

NCSoft to launch Lineage W, first game with priority on global users

South Korea’s leading game developer NCSoft Corp. will be launching its latest massively multiplayer online role-playing game (MMORPG), Lineag...

Korean Air hits milestone of 10,000 cargo-only passenger flights

Korean Air Lines Co. (KAL) hit a milestone of having operated 10,000 cargo-only passenger flights as of Aug. 1, as the country’s top carrier g...

SK IE Technology throned as top battery materials stock on Korean bourse

SK IE Technology Co. (SKIET), a unit of SK Innovation Co., has climbed to the top ranking among battery materials makers in terms of market capitali...

Leeno Industrial hits 52-week high, eyes top 10 on Kosdaq

The stock price of South Korea’s Kosdaq-listed electronic testing components maker Leeno Industrial Inc., previously a small company whose mar...

Kakao Pay eyes August listing, seeks to raise near $2 bn

South Korea-based Kakao Pay Corp. is set to make a trading debut on the country's main bourse next month -- just a week after its sister company Kak...

BTS label HYBE shares at highest close: Too late to chase it now?

Shares in HYBE Co., the label behind BTS, hit their all-time high close on Tuesday, buoyed after the boy band's latest track "Butter" topped the Bil...

GM Korea to halt 2 main plants next week on automotive chip shortage

The South Korean unit of US auto giant General Motors Co. will halt two of its three plants next week in the latest sign of the worsening global aut...

BOK to offer news-based weekly economic index

South Korea’s central bank will launch a new economic index based on analysis of online business news articles. The Bank of Korea said on Apr....

Hyundai Motor to halt plant for a week; Kona, IONIQ 5 affected

South Korea’s top automaker Hyundai Motor Co. will halt its main plant in Ulsan for a week due to a component supply disruption, the latest si...

S.Korean airlines turn to non-landing flights to tide over slump

South Korean airlines have set their sights on non-landing air travel services to draw in passengers in times of hardship, hoping to tide over the b...

Korean Air seals $835 mn in-flight business sale to private equity firm

Korean Air Lines Co. Ltd. signed a definitive agreement on August 25 to sell its in-flight duty-free and meal service business to South Korea’s ...

Korean Air, Hahn & Company closer to finalizing $845 mn in-flight meal service deal

Korean Air Lines Co. and local private equity firm Hahn & Company may sign the share purchase agreement (SPA) for the flag carrier’s in-flig...

Korean Air, Asiana log earnings surprises on cargo flights as global rivals record losses

Korean Air Lines Co. and Asiana Airlines Inc. have bucked the global trend of the devastating aviation industry and made rare quarterly profits, as th...

Local activist fund KCGI opposes Korean Air's sale of in-flight businesses

Korea Corporate Governance Improvement (KCGI), a local activist private equity fund, is unhappy with Korean Air Lines Co. Ltd's decision to sell ...

Korean Air to sell in-flight business to Hahn & Company for about $840 mn

Korean Air Lines Co. Ltd. has tentatively agreed to sell its in-flight duty free and meal service units to the country's second-largest private equity...

NPS likely to name ex-head of Barings’ Korean unit as CIO this week

Thae Khwarg, a former head of Barings’ South Korean asset management arm, is highly likely to be named as chief investment officer of the National P...