Even barcodes copied: Counterfeits invasion threatens K-brands

Counterfeit Korean beauty, fashion and food products are surging on overseas e-commerce platforms, with lookalike packaging making them hard to dist...

EQT taps ex-DHK Management CEO to lead S.Korea's real estate push

Swedish asset manager EQT Partners, also the largest private equity firm in Europe, has named David Kim, chief executive of South Korean real estate...

KAI seals $700 mn FA-50 fighter jet export deal with the Philippines

Korea Aerospace Industries Ltd. (KAI) on Tuesday signed a $700 million contract to supply 12 FA-50 fighter jets to the Philippines, marking the larg...

Korean Air, Delta to buy 25% stake in Canada’s WestJet for $550 million

Korean Air Lines Co., South Korea’s largest full-service carrier, and its joint venture partner Delta Air Lines Inc. will acquire a 25% stake ...

S.Korea’s GEPS to commit $143 million to foreign mid-cap buyout funds

The Government Employees Pension Service (GEPS), one of South Korea’s top three public pension programs, will commit up to 200 billion won ($1...

Korea Investment & Securities to sell Goldman Sachs funds

Korea Investment & Securities Co. said on Tuesday it is set to sell funds operated by Goldman Sachs Asset Management LP in South Korea, offering...

Celltrion expands footprint in Latin America with flagship oncology drugs

South Korea’s biopharmaceutical giant Celltrion Inc. has solidified its presence in South America after winning supply contracts for its flags...

Glenwood PE to increase blind fund to $1 bn on pension funds’ interest

South Korea’s Glenwood Private Equity Co. is set to increase a blind fund to 1.5 trillion won ($1 billion) as pension funds at home and abroad...

Kia to build North America-targeted electric pickup model

Kia Corp., South Korea’s second-largest carmaker, will build an electric pickup model tailored for North America to enter the world’s la...

Hyundai’s new American dream comes with new plant, more spending

ELLABELL, Georgia – When Hyundai Motor Group Honorary Chairman Chung Mong-koo opened the South Korean automaker’s first US plant in Alab...

Hanwha develops cutting-edge stealth paint for next-generation warships

Hanwha Ocean Co., a leading South Korean warship builder, has developed and tested an advanced stealth paint designed for the country’s KDDX n...

Hyundai Motor taps ex-CPPIB private equity head Suyi Kim for board role

Hyundai Motor Co. has tapped Suyi Kim, former private equity head of the Canada Pension Plan Investment Board (CPPIB) and Benjamin Tan, an ex-portfo...

EQT targets healthcare, technology, business service providers in Korea

EQT, the largest private equity firm in Europe, is setting its sights on healthcare, technology companies and business service providers in South Ko...

Korean bakery giant SPC to build $160 mn US plant as tariff war escalates

SPC Group, the operator of South Korea’s largest bakery chain Paris Baguette as well as Paris Croissant, SPL, Dunkin and SPC GFS, is building ...

KT to sell financial security unit for $59 mn for restructuring

South Korea’s KT Corp. is set to sell Initech Co., its Kosdaq-listed financial security unit, for 85 billion won ($59.1 million) as the leadin...

SK Biopharmaceuticals, Eurofarma to set up AI epilepsy platform JV in US

South Korea’s SK Biopharmaceuticals Co. has signed a deal with Brazil’s Eurofarma Laboratórios S.A. to establish a joint venture ...

HD Hyundai starts to construct Peruvian Navy warships

South Korea's HD Hyundai Heavy Industries Co. officially launched the Peruvian navy's four warship project on January 10. The Peru Warship Pr...

S.Korea's webtoon industry sales surpasses $1.36 bn

South Korea's webtoon market size surpassed 2 trillion won ($1.36 billion) for the first time. The South Korean Ministry of Culture, Sports and...

S.Korea's office cafeteria firms expand into overseas markets

South Korea's office cafeteria companies, including Hyundai Green Food Co., Ourhome, and Samsung Welstory plan to expand overseas markets with the p...

Korea’s export growth at 14-month low, adds to BOK rate cut views

South Korea’s export growth fell to a 14-month low in November with shipments to the world’s two biggest markets the US and China down, ...

CJ CheilJedang sells ambient fried rice in N.America

South Korea's CJ CheilJedang Corp. said on Thursday it will export and sell its ambient rice product, Bibigo Korean BBQ Fried Rice, to the North Ame...

Samsung C&T, LS Electric to establish US solar JV

South Korea's Samsung C&T Corp. and LS Electric Co. signed a memorandum of understanding (MOU) on Monday to expand solar power projects in the U...

LS Electric shares jump on $358mn HVDC transformer order news

LS Electric Co., a South Korean industrial energy facility and systems supplier, is expected to sign a 500 billion won ($358 million) deal with a GE...

Gaon Cable takes over LS Cable & System's US arm

Gaon Cable Co. said on Tuesday it has taken over the US arm of parent company LS Cable & System Ltd. to beef up its business of mid-to-low volta...

LG to expand appliance subscriptions to India to speed up leasing business

LG Electronics Inc., the leading global home appliance maker, is considering expanding its subscription service into new overseas markets, such as I...

Global sportswear brands race to ride on Korea’s running craze

Global sportswear makers have stepped up competition in South Korea to take advantage of the country’s growing running craze with major brands...

Fila sportswear brand downsizes loss-making US business

South Korean-owned sportswear brand Fila said on Tuesday it scaled back its loss-making US business to improve earnings through a restructuring in N...

LG Energy Q3 profit more than doubles on higher sales; shares jump

LG Energy Solution Ltd., the world’s third-largest battery maker, said its quarterly operating profit more than doubled from the previous thre...

Paris Baguette opens 600th overseas store in Canada for global expansion

Paris Baguette opened its 600th overseas store in Toronto, Ontario, as the leading South Korean bakery brand is rapidly expanding its global busines...

Hyundai Glovis to enter breakbulk transport business

South Korea's Hyundai Glovis Co. said on Tuesday it participates in Breakbulk Americas 2024, a four-day event in Houston starting on October 15.&n...