Taekwang, Anchor Equity shortlisted for Aekyung stake
Taekwang Industrial Co., a South Korean chemical and textile company, and Anchor Equity Partners, a Hong Kong-based private equity firm, have emerge...
JKL Partners to acquire $150 mn cult-favorite bagel chain London Bagel
JKL Partners Inc., a Seoul-based private equity firm, is set to acquire London Bagel Museum, a growing sensation in South Korea’s booming prem...
Nexon Games shares rally on Tencent’s possible Nexon acquisition
Shares of Nexon Games Co., the game-developing studio under Nexon Co., surged on Friday morning after Bloomberg reported on Chinese IT giant Tencent...
Korea to allow non-profits to buy bad consumer loans
The Financial Services Commission (FSC) has proposed regulatory changes that would allow non-profit organizations to purchase bad loans from individ...
Chinese e-commerce growth stalls in South Korea
Chinese e-commerce players’ rapid expansion into the South Korean online retail market is losing steam as their bang-for-the-buck products hav...
K-Beauty defies seasonal slump with record $980 mn in April exports
The global appetite for Korean beauty products shows no sign of slowing, with their exports in April surging 20% year on year to a record high, ev...
CJ CheilJedang to open $72 million dumpling plant in Japan
South Korea’s largest food company, CJ CheilJedang Corp., is shifting into high gear in its global expansion with a 100 billion won ($72 milli...
Aekyung Industrial up for sale as group struggles to ease liquidity crunch
South Korea’s Aekyung Group has put its flagship subsidiary, Aekyung Industrial Co., up for sale as part of broader restructuring efforts to s...
Korean snacks mesmerize global consumers amid K-pop popularity
South Korea’s snack exports soared to a record high in February, surpassing $40 million for the first time, as global demand surged amid the sus...
Korea’s IGIS Asset puts top Seoul tourist area hotel on market
IGIS Asset Management Co., one of Asia's largest real estate investment firms, is set to sell a four-star hotel in Myeong-dong, a popular spot for f...
Korea, US to expand cooperation in shipbuilding sector
WASHINGTON -- South Korea and the US plan to set up a working group to expand their cooperation in the shipbuilding industry from warships to commer...
Korean financial holding firms log record-high profits in 2024
South Korea’s top four financial holding firms are estimated to have posted their highest-ever profits in 2024, driven by hefty interest incom...
Piccoma tops consumer spending ranking in Japan
Kakao Piccoma, a Japanese digital comics app subsidiary of South Korean mobile giant Kakao Corp., topped the consumer spending ranking in the Japane...
Regulator denies reporting MBK to prosecutors over Korea Zinc
A senior Financial Supervisory Service (FSS) official on Thursday denied a report that the regulatory body has referred MBK Partners and Young Poong...
Korea Zinc chair reported to prosecutors over rights issue
South Korea’s Financial Supervisory Service (FSS) has reported Korea Zinc Inc.'s Chairman Choi Yun-birm and its board of directors to prosecut...
S.Korea's personal mobilities firm GCoo enters Africa
South Korean personal mobility (PM) company Gbike, the operator of PM sharing service platform Gcoo, said on Wednesday it started the electric kick ...
Nongshim captures young consumers in Indonesia
South Korea's instant noodle giant Nongshim Co. said on Tuesday it held Shinsational Day event in Jakarta, Indonesia. On November 15, Nongshim ...
HiteJinro sees annual soju exports to Cambodia grow 31%
HiteJinro Co., South Korea’s leading soju maker, resumed its Jinro EDM Festival at Cambodia’s Bon Om Tuk water festival after a four-y...
US warehouse giant Costco outperforms peers in S.Korea
Membership fees couldn't keep cost-conscious South Korean consumers from rushing to Costco stores to buy big-box items at lower prices, leading the ...
KB Financial first in Korean banking to achieve ISO human capital standard
South Korea’s KB Financial Group said on Tuesday that it had obtained ISO 30414 certification, becoming the first in the domestic financial se...
Nvidia asks SK Hynix to bring forward HBM4 supply by 6 months
Nvidia Corp.’s Chief Executive Jensen Huang has asked SK Group Chairman Chey Tae-won to supply 12-layer HBM4 chips, the most advanced AI chips...
Galaxy S24 Ultra named best cellphone in US by consumer magazine
Samsung Electronics Co. 's Galaxy S24 Ultra was ranked as the best-performing smartphone in the US, surpassing Apple’s iPhone 16 Pro Max in a ...
S.Korea’s exports stand firm thanks to record chip sales
South Korea’s exports extended their growth streak for the 12th straight month in September mainly driven by record-high semiconductor shipmen...
Samsung tops US consumer TV satisfaction study
Samsung Electronics Co. ranked as the top TV brand for consumer satisfaction in the US, according to the 2024 American Customer Satisfaction Index (...
LG Group publishes 2023 ESG Report
LG Group announced on Thursday that it has published the "2023 ESG Report," detailing its sustainability management achievements in 2023 and its fut...
Korea Investment Management to launch two India-focused ETFs
Korea Investment Management said on Wednesday it will launch two active exchange-traded funds (ETFs) targeting the Indian market on September 10.The...
Liner ranks 9th in generative AI services selected by a16z
South Korea's generative AI startup Liner said on Friday that its search service ranked 9th in the web services category of the Top-100 Gen AI Consu...
Korea to punish copper scrap traders for illegal exports
BUSAN -- South Korea is set to punish copper scrap traders, mostly Chinese-operated, for illegal exports as nonferrous metal sector companies on the...
Samsung's AI home appliances hit 1.5 mn units sold
Samsung Electronics Co. said on Thursday that its cumulative sales of AI-integrated home appliances have surpassed 1.5 million units as of July this...
Korean Telco giant KT’s Midas touch with hotel business
KT Corp., one of South Korea’s top three mobile carriers, is on a roll in the hotel business despite its late foray into the hospitality indus...
