Kakao Pay backs out of acquisition deal for Shinsegae’s SSG Pay, Smile Pay

Kakao Pay backs out of acquisition deal for Shinsegae’s SSG Pay, Smile Pay

Kakao Pay Corp., the mobile payment and digital wallet service unit of South Korean tech giant Kakao Corp., has pulled out of a deal to acquire two ...

South Korean airlines bank on China routes for profit recovery

South Korean airlines bank on China routes for profit recovery

South Korean airlines are ramping up international routes, particularly to China, Japan and Southeast Asian countries, in a bid to boost profitabili...

IMM Credit closes $700 mn blind credit fund backed by NPS

IMM Credit closes $700 mn blind credit fund backed by NPS

IMM Credit & Solutions Inc. (ICS), the private credit unit of South Korea’s major investment firm IMM Holdings Inc., has raised nearly 1 t...

Samsung’s Q2 operating profit halves amid sluggish chip sales

Samsung’s Q2 operating profit halves amid sluggish chip sales

Samsung Electronics Co.'s operating profit in the second quarter missed market expectations, with a 56% on-year fall, as its mainstay semiconductor ...

Hong Kong-based CLSA to invest $36.6 mn in K-Beauty pioneer Jungsaemmool Beauty

Hong Kong-based CLSA to invest $36.6 mn in K-Beauty pioneer Jungsaemmool Beauty

Hong Kong-based private equity firm CLSA Capital Partners Ltd. has been picked as a preferred bidder to invest 50 billion won ($36.6 million) in Jun...

S.Korea’s extra budget approved; IBs lift economic forecast

S.Korea’s extra budget approved; IBs lift economic forecast

South Korea’s National Assembly, controlled by the ruling Democratic Party, on Friday passed the country’s new extra budget worth 31.8 t...

Samsung Asset leads H1 AUM rankings amid ETF boom

Samsung Asset leads H1 AUM rankings amid ETF boom

South Korea’s asset management industry posted stellar growth in the first half of 2025, buoyed by a 28% surge in the country’s benchmar...

S.Korea's stablecoin frenzy fuels stock rally despite regulatory uncertainty

S.Korea's stablecoin frenzy fuels stock rally despite regulatory uncertainty

A wave of speculative fervor surrounding won-based stablecoins is sweeping South Korea’s equity markets, with nearly half of the top 30 perfor...

SK Hynix joins Samsung in 200 trillion won market cap club

SK Hynix joins Samsung in 200 trillion won market cap club

SK Hynix Inc. surpassed 200 trillion won ($147 billion) in market capitalization on Tuesday, becoming the second Korean stock in history to cross th...

Even barcodes copied: Counterfeits invasion threatens K-brands

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...

KakaoBank rallies after winning Thai virtual banking license

KakaoBank rallies after winning Thai virtual banking license

Shares in KakaoBank Corp. soared as much as 17% to hit their highest level in nearly three years on Friday after the South Korean internet-only bank...

South Korea unveils $14.6 billion 2nd extra budget to spur growth

South Korea unveils $14.6 billion 2nd extra budget to spur growth

South Korea’s new administration on Thursday proposed an additional 20.2 trillion won ($14.6 billion) extra government spending to stimulate d...

South Korea accelerates stablecoin framework amid global race

South Korea accelerates stablecoin framework amid global race

Just one week after electing President Lee Jae-myung, an apparent backer of stablecoin adoption, South Korea is swiftly moving to clear the path for...

GIC resumes Seoul Finance Center sale in major Korean property deal

GIC resumes Seoul Finance Center sale in major Korean property deal

Singapore’s sovereign wealth fund GIC is resuming the sale of Seoul Finance Center, a landmark office tower in Seoul's central business distri...

Markets in honeymoon with Lee: Kospi, won rally; bond yields spike

Markets in honeymoon with Lee: Kospi, won rally; bond yields spike

South Korea’s financial markets showed strong gains on Thursday, with shares surging to an 11-month high and the won hitting a seven-month hig...

Liberal Lee Jae-myung wins election as South Korean president

Liberal Lee Jae-myung wins election as South Korean president

South Korea’s liberal politician Lee Jae-myung has been elected the country's next president. Lee has pledged to revive Asia’s fourth-la...

Shinhan expands global IR push to woo foreign investors

Shinhan expands global IR push to woo foreign investors

Shinhan Financial Group Co. is stepping up efforts to attract foreign investors with back-to-back global investor relations (IR) campaigns, as South...

HD Hyundai Group joins S.Korea’s 100 trillion won market cap club

HD Hyundai Group joins S.Korea’s 100 trillion won market cap club

South Korean shipbuilding conglomerate HD Hyundai Group has joined South Korea’s elite club of conglomerates with a market capitalization exce...

Cushman & Wakefield, Avison Young to lead Orange Center sale in Seoul

Cushman & Wakefield, Avison Young to lead Orange Center sale in Seoul

Cushman & Wakefield and Avison Young have been appointed to oversee the sale of Orange Center, a prime office tower in Seoul’s central bus...

Morgan Stanley stalwart Cho bows out after over 10 years at the helm   

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...

Kumho Tire shuts Gwangju plant after fire, derailing record sales run

Kumho Tire shuts Gwangju plant after fire, derailing record sales run

Kumho Tire Co. has suspended all operations at its Gwangju plant in South Korea after a fire destroyed 50-60% of the production lines in one of its ...

Samsung flexes financial muscle as insurance, card units top rankings

Samsung flexes financial muscle as insurance, card units top rankings

Samsung Group’s financial affiliates are closing in on KB Financial Group for the top spot in South Korea’s financial services sector, u...

Hyundai Rotem lands $301 mn Taiwan driverless train deal

Hyundai Rotem lands $301 mn Taiwan driverless train deal

Hyundai Rotem Co. has won a 420 billion won ($301 million) order to build autonomous electric trains for Taiwan’s Taichung Metro, adding to a ...

Hanjin KAL roars on hints of renewed control dispute with Hoban

Hanjin KAL roars on hints of renewed control dispute with Hoban

Shares of Hanjin KAL Corp., the holding firm of South Korean flag carrier Korean Air Lines Co., extended their rally Wednesday after surging by the ...

POSCO Future M to raise $771 million to bolster battery materials business

POSCO Future M to raise $771 million to bolster battery materials business

POSCO Future M Co., South Korea’s leading battery materials maker, is set to raise 1.1 trillion won ($771 million) through a rights offering a...

MBK’s Lotte Card sale gains momentum amid Homeplus fallout

MBK’s Lotte Card sale gains momentum amid Homeplus fallout

North Asia-focused private equity firm MBK Partners’ second attempt to exit Lotte Card Co., South Korea’s fifth-largest car issuer, is g...

Soon for sale: Altos Ventures-backed Cafe Knotted operator

Soon for sale: Altos Ventures-backed Cafe Knotted operator

Silicon Valley-based Altos Ventures-backed Good Food For Good (GFFG), operator of South Korea’s popular dessert cafe, Cafe Knotted, will likel...

HD KSOE secures $1.8 bn in container ship orders

HD KSOE secures $1.8 bn in container ship orders

HD Korea Shipbuilding & Offshore Engineering Co. (KSOE) secured orders for 22 container ships worth a total of 2.54 trillion won ($1.8 billion) ...

Kakao shares sink on SK Telecom’s stake sell-off news

Kakao shares sink on SK Telecom’s stake sell-off news

Kakao Corp. shares underperformed its peers and the broad market on Friday after SK Telecom Co. sold off its entire stake in the South Korean platfo...

KB Financial logs 61% profit growth, rebounding from ELS fiasco

KB Financial logs 61% profit growth, rebounding from ELS fiasco

KB Financial Group Inc. on Thursday reported a 61% jump in first-quarter profit, led by a nearly threefold rise in earnings at its flagship unit Koo...

Kakao Pay backs out of acquisition deal for SSG Pay, Smile Pay Hanwha in talks to buy five-star hotel Paraspara Seoul Kia's Lego-like PV5 with 16 variants to hit market in July Stray Kids make K-pop history with landmark stadium show in Germany S.Korea’s most prominent business leader returns with all charges cleared