LS moves closer to role as Hanjin KAL’s white knight vs Hoban
Hanjin KAL Corp., the largest shareholder of Korean Air Lines Co., is strengthening its alliance with LS Group, the parent of LS Cable & System ...
Naver's online comics unit eyes Nasdaq listing in June
South Korea’s online portal giant Naver Corp. is planning to list its Los Angeles-based affiliate Webtoon Entertainment Inc. on the Nasdaq thi...
Samsung releases new Bespoke AI Family Hub product
Samsung Electronics Co. announced on Friday the launch of a new "Bespoke AI Family Hub" refrigerator, designed to offer new AI experiences in everyd...
NPS sells shares in KT, making Hyundai the top shareholder
Hyundai Motor Group has become the top shareholder of South Korea’s leading mobile carrier KT Corp., after the country’s National Pensio...
OCI-Hanmi merger faces tougher hurdles amid family feud
Hanmi Pharmaceutical Group’s aim to merge with chemicals giant OCI Group is hitting some roadblocks amid a prolonged feud between the family o...
Mohegan gains Korea’s 1st foreign casino license in 19 years
Mohegan Gaming & Entertainment (MGE) will open a foreigners-only casino at its resort complex in Incheon, South Korea in the first quarter after...
Samsung Group introduces senior outside director system
Samsung Group has created the position of senior outside director, granted as much authority as the chair of a board of directors, for the first tim...
HYBE employees accused of insider stock trading over BTS
Three HYBE employees on Wednesday were accused of insider stock trading, allegedly selling the South Korean entertainment giant's shares before K-po...
CG Bio establishes US corporation to develop tissue products
South Korean bio-regenerative medical firm CG Bio has launched a new US corporation CG MedTech, to focus on the development and marketing of tissue ...
Hanwha revs up to acquire STX Heavy Industries, following DSME purchase
Hanwha Corp. is revving up to acquire STX Heavy Industries, which provides parts and technical support for marine engines, shipbuilding equipment, a...
LG Elec to showcase built-in 721-liter refrigerator at CES next month
LG Electronics said on Wednesday that it will unveil a new large-capacity built-in refrigerator at CES 2023, which will take place in Las Vegas on J...
South Korea’s biggest startup event ComeUp 2022 kicks off in Seoul
South Korea’s largest startup event ComeUp kicked off on Wednesday at the Dongdaemun Design Plaza (DDP). The annual event, which celebrat...
S.Korea plans to adopt mandatory pre-disclosure of major insider trading
Executives and major shareholders of South Korea’s listed companies will be obligated to disclose their share transaction plans at least 30 da...
Hyundai Motor to redirect its TaaS, AI functions to self-driving arm 42dot
Hyundai Motor Group will redirect the core functions of its Transportation-as-a-Service (TaaS) division and AIRS Company to its recently acquired se...
Korean shipbuilder KSOE wins $1.5 bn order for 7 LNG carriers
Korea Shipbuilding & Offshore Engineering Co. (KSOE), the intermediate holding company of the world’s top shipbuilder Hyundai Heavy Indust...
Chinese game Genshin Impact's summer fest draws large crowds in Seoul
Shanghai-based game developer and publisher miHoYo Co. on Wednesday wrapped up its well-attended week-long Genshin 2022 Summer Festival in Seoul.&nb...
Netmarble to officially launch Seven Knights Revolution on July 28
Netmarble Corp. is poised to officially launch its latest game Seven Knights Revolution on July 28 in South Korea. The South Korean mobile game...
LB Investment submits preliminary IPO assessment request to KRX
LB Investment has submitted a preliminary assessment request to the Korea Stock Exchange, the first step to an initial public offering. It chose Mir...
S.Korean trucker strike enters 3rd day, targets Samsung’s supply chain
South Korea’s unionized truckers, on day three of a large-scale strike, have moved to disrupt the supply of materials needed to manufacture se...
Startup accelerator D.Camp opens Busan office
For the first time, South Korea’s startup accelerator D.Camp has opened an office in the port city of Busan. The joint effort between D...
Startups need to embrace ESG, industry insiders say
Environmental initiatives such as RE100 and high Environmental, Social, and Governance (ESG) standards are not just for conglomerates anymore, accor...
AI startup Twelve Labs secures $5 million in seed round
South Korean startup Twelve Labs announced Sunday it secured $5 million in a seed round from Index Ventures.On its website, the venture capital firm...
EcoPro BM execs may step down on alleged insider trading
EcoPro BM Co., South Korea’s leading battery material producer, is considering resignations of its key executives, including the holding compa...
S.Korea urged to embrace nuclear power to go carbon free
The topic of RE100, a multinational campaign to make a full switch to renewable energy by 2050, was brought up last week during a debate among four ...
Neck-and-neck contest for fintech assoc. chair narrows
For the first time ever, South Korea’s fintech industry association will see meaningful competition in electing its chair this month – r...
Korea prosecutors probe alleged EcoPro BM insider trading
EcoPro BM Co., South Korea’s top cathode material producer, is under probe by local prosecutors for allegations of insider trading, according ...
Korean duty free shops take opposite paths to draw Chinese shoppers
There appear to be two diverging roads for South Korea's top duty free operators Lotte and Shilla: expanding outside China, or going deeper inside t...
Inside Samsung: Top level meetings drive ecosystem buildup
Samsung Electronics Co.’s latest strategic focus is setting up its own ecosystem of devices ranging from mobile phones, home appliances to TVs...
Inside Coupang: Close-knit, challenge-seeking, data-driven
Coupang Corp. has a unique corporate culture for a company headquartered in South Korea. Industry insiders highlight that this uncommon cultur...
Donations from Lee Kun-hee's collection: From national treasures to Western masterpieces
The Samsung Group heirs' announcement that they will donate some 23,000 pieces of art and cultural artifacts collected by the late Chairman Lee Kun-...
