Samsung's Q2 profit seen weaker, bottoming out in H2
Samsung Electronics Co. is likely to deliver weaker-than-expected results for the second quarter, with operating profit estimated to decline by more...
LG Chem closes $1 bn water filter division sale to Glenwood PE
LG Chem Ltd. said on Friday it has finalized the sale of its water filter business to Seoul-based Glenwood Private Equity for 1.4 trillion won ($1 b...
Lee Jae-myung vows to end politics of division, seek pragmatic diplomacy
Lee Jae-myung was formally sworn in as South Korea’s new president on Wednesday, pledging to unite a divided nation, revitalize the economy an...
Morgan Stanley stalwart Cho bows out after over 10 years at the helm
The investment banking head of Morgan Stanley’s Seoul office is stepping down after overseeing a series of landmark deals over more than a dec...
Korea’s aesthetic medicine enjoys golden era with surge in foreign spending
As beauty-conscious tourists continue to flock to Seoul’s clinics, South Korea’s aesthetic medicine sector may be entering a golden era,...
Samsung mobile chief fills leadership void in device division
Samsung Electronics Co. has appointed TM Roh, president and head of its mobile eXperience (MX) business, as the new chief of its device eXperience (...
Samsung’s system chip, foundry business under close scrutiny for overhaul
Samsung Electronics Co., the world’s largest memory chipmaker, has put its system chip and foundry businesses under tight scrutiny for a possi...
Hyundai Motor launches future strategy division overseeing M&As
Hyundai Motor Group has created a future business strategy division that serves as a control tower for the automotive group’s expansion into n...
Korea Investment Holdings’ MSCI ESG rating upgraded to A
Korea Investment Holdings Co. said on Thursday it was upgraded by three notches from B to A in the MSCI ESG rating this year.The MSCI ESG rating is ...
HD KSOE eyes $180.05 bn worth of orders in 2025
South Korea’s largest shipbuilder, HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE), said Friday it aims to win $180.05 billion ...
Ruthless Politics of South Korea Is Rooted in Cold-War History
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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...
SK Nexilis poised to sell thin film division to Affirma Capital
SK Nexilis Co., the world’s largest copper foil maker, is in the final stage of negotiations to sell its thin film manufacturing division to A...
NCSoft to spin off AI, game divisions into four units
NCSoft Corp., a leading South Korean game developer and publisher, said on Monday it will spin off its artificial intelligence R&D and game deve...
SK Ecoplant establishes integrated chip service division
SK Ecoplant Co., a South Korean construction engineering and waste management company under SK Group, said on Thursday it reorganized its business s...
Hyundai Motor Group’s software unit launches cybersecurity division
Hyundai AutoEver Corp., Hyundai Motor Group’s software unit, is set to boost its automotive cybersecurity business by launching a new division...
Kolon expands eco-friendly car interior materials biz
South Korea's Kolon Industries Inc., the Kolon Group's chemical materials arm, will absorb its affiliate Kolon Glotech's automotive materials and pa...
Samsung SDI relinquishes polarizer film unit for $834 mn
Samsung SDI Co., the South Korean battery maker with the world’s sixth-largest market share, has decided to sell its polarizer film business t...
Daewoo E&C reorganizes its nuclear-related division
South Korea's Daewoo Engineering & Construction Co. (Daewoo E&C) has expanded and reorganized its nuclear-related division following its sel...
SK Networks' automotive division launches as SK SpeedMate
South Korea's SK Networks Co. completed a split-off of its automotive maintenance division, which has now launched as a new company named SK Speed...
Kakao to merge dk techin and Kakao Brain
South Korea's Kakao Corp. said on August 23 that its mobile solution development subsidiary dK Techin Corp. will merge with its AI technology affili...
Samsung’s new chip leader calls for restoring competitiveness
It is urgent to restore Samsung Electronics Co.'s competitiveness in the semiconductor business, the chip division’s new head said in his firs...
PharmaResearch acquires TuringBio for digital therapeutics
PharmaResearch Co., a South Korean company specializing in regenerative medicine, announced on Wednesday that it acquired TuringBio, an AI-based dig...
Hyundai Mobis combines electrification, module divisions
Hyundai Mobis Co., the world’s sixth-largest auto parts maker, said on Friday it has merged its electrification and module divisions to stream...
SK Networks to split off SpeedMate, trade division
South Korea's SK Networks Co. plans to split off its auto management division SpeedMate and its trading unit.The board of directors approved the pla...
France's Archimed seeks to delist aesthetic laser maker Jeisys
French private equity firm Archimed SAS, managing around €7 billion ($7.5 billion) in assets as of end-May, plans to secure a controlling stake...
NPS corp governance committee taps SNU professor as member
A corporate governance committee of South Korea’s National Pension Service (NPS), the world's third-largest pension fund, has named a Seoul Na...
Kia streamlines global sales service for EV transition
Kia Corp., a South Korean carmaker under Hyundai Motor Group, has drastically reorganized its global after-sales service operations to offer more sy...
SoftBank-backed Coupang posts 1st-ever annual profit in 2023
South Korea’s leading e-commerce platform Coupang Inc. on Wednesday posted its first-ever operating profit of $473 million in 2023, driven by ...
Samsung Electronics to hire big for AI R&D careers
Samsung Electronics Co. is ramping up its recruitment of experienced professionals across its Device eXperience (DX) and Device Solution (DS) divisi...
