Test case looms for Korea’s revised Commercial Act as VIP Asset challenges Lotte Rental’s rights issue to Affinity

Lotte Rental Co., South Korea’s No. 1 car rental and leasing company, is facing a backlash from a key minority shareholder over its planned ri...

South Korea moves to mandate treasury share cancellation

South Korea’s ruling Democratic Party is accelerating its push to boost shareholder value by requiring listed companies to cancel treasury sha...

Korean commercial act revision to drive reevaluation of equities: J.P. Morgan

J.P. Morgan, a leading US investment bank, has thrown its weight behind South Korea’s landmark commercial act revision, saying that the new go...

Shinsegae chair likely to head Asian arm of pro-Trump Rockbridge

Chung Yong-jin, chairman of South Korea’s retail giant Shinsegae Inc., is likely to head the Asian operations of the Rockbridge Network, a gro...

LG Energy Solution, Toyota Tsusho launch battery recycling JV in US

LG Energy Solution Ltd. has set up a battery recycling joint venture with Toyota Tsusho Corp. in the US, deepening the South Korean battery giant&rs...

Hyundai Motor-backed Motional names AI veteran Laura Major as CEO

Motional Inc., the autonomous driving joint venture backed by Hyundai Motor Group, has appointed Laura Major, an artificial intelligence and robotic...

SpaceX’s Starlink, Eutelsat’s OneWeb land in Korea for LEO satellite services

South Korea has officially cleared the way for low-earth orbit (LEO) satellite internet services, granting regulatory approval for SpaceX’s St...

RedotPay lands in Seoul with crypto cards

RedotPay, a Hong Kong-based blockchain fintech company, has arrived in South Korea with its cryptocurrency-based payment cards and is poised to disr...

Kyobo Life poised to buy Japan’s SBI Group-owned savings bank

Kyobo Life Insurance Co. is in the final stages of negotiation with Japanese financial group SBI Holdings Inc. to buy about a 50% stake in SBI Savin...

LF to open Korea’s 1st standalone fashion outlet in India

LF Corp., a leading South Korean clothing company, will foray into India with its flagship brand Hazzys to build its presence in the rapidly growing...

HD Hyundai, TerraPower to commercialize next-gen SMR

South Korea’s largest shipbuilder, HD Hyundai Heavy Industries Co., is deepening its partnership with TerraPower LLC, the US nuclear venture f...

LX Pantos acquires logistics center near Atlanta for $120 mn

LX Pantos Co., a logistics arm of LX International Corp., announced on Tuesday it has acquired a logistics center near Atlanta in Dalton, Georgia fo...

Korea’s beauty retailer CJ Olive Young to open first US offline outlet

CJ Olive Young Corp., South Korea’s top beauty store chain, said on Tuesday it has set up a US business entity in Los Angeles to enhance its p...

NCSOFT’s NC Tower up for sale with its value estimated at $272 million

The sales of several office buildings along Teheran-ro in Seoul's upscale Gangnam Business District (GBD) are gaining momentum.The bidding for the...

LG Energy, Qualcomm to commercialize BMS solution

South Korea's LG Energy Solution Ltd. said on Monday it partnered with Qualcomm Technologies to commercialize its new system-on-chip (SoC)-based bat...

NPS to invest record $1.4 billion in Korean property market in 2025

South Korea’s National Pension Service (NPS) plans to invest 2 trillion won ($1.4 billion) in the domestic real estate market next year to gai...

Korea’s commercial vehicle sales tumble on economic slowdown

South Korea’s commercial vehicle sales are plunging on sluggish domestic demand amid a slowdown in Asia’s fourth-largest economy.Local s...

Blackstone, Carlyle, MBK vying for CJ CheilJedang’s bio business

Blackstone, Carlyle Group and MBK Partners have joined the race to purchase the bio business of CJ CheilJedang Corp., the world’s largest prod...

Woori Bank to arrange $3.7 bn for Qatar desalination, power plant

South Korea's Woori Bank said on Tuesday it will arrange the Qatar Ras Abu Fontas desalination and power plant project, estimated to cost $3.7 billi...

Apple supplier LG Innotek to invest $268.4 mn in Vietnam in 2025

South Korea’s LG Innotek Co., a major contractor for Apple Inc., said on Thursday it plans to spend 375.9 billion won ($268.4 million) next ye...

Naver, Saudi Arabia's NHC to build JV

South Korea’s Naver Corp. said on Monday it signed a memorandum of understanding (MOU) with Saudi Arabia’s National Housing Company (NHC...

Hanjin to open Mexico subsidiary

South Korea's Hanjin Transportation said on Friday it will establish a subsidiary in Mexico this year to expand its logistics market in Latin Americ...

Celltrion acquires Swiss pharmaceutical distributor iQone

South Korea's Celltrion Inc. said on Friday that it completed its acquisition of iQone Healthcare Switzerland, a Swiss pharmaceutical distributor, t...

SFH, where foreign firms build networks in Korea

It can be daunting to do business in a new city in a distant country. But foreign companies seeking to open businesses in South Korea’s capita...

LG Uplus tests energy efficiency tech for 6G network

South Korea’s LG Uplus Corp. said on Tuesday it tested the All-Photonic Transport Network, a key technology designed to reduce power consumpti...

LG Electronics accelerates foray into private 5G service

LG Electronics Inc.'s push to expand its presence in the burgeoning private 5G network market is poised to gain traction. The South Korean electroni...

LG unveils AI-powered commercial washers, dryers in renewed B2B push

South Korean home appliances giant LG Electronics Inc. is stepping up efforts to enhance its presence in the global business-to-business (B2B) marke...

Hyundai E&C signs engineering deal for two nuclear reactors in Bulgaria

South Korea’s Hyundai Engineering & Construction Co. has signed a nuclear power plant design contract with Bulgaria's state nuclear power ...

HD Hyundai, Amogy, SK to co-work on ammonia-hydrogen power

South Korea's HD Hyundai Infracore Co. said on Monday it partnered with Amogy Inc., a US-based ammonia-powered systems developer, and SK Innova...

Korea’s SK Networks partners with Malaysia’s Sunway on AI

South Korean trading company SK Networks Co. has joined forces with Malaysian conglomerate Sunway Group to work together on future growth sectors su...