Test case looms for Korea’s revised Commercial Act as VIP Asset challenges Lotte Rental’s rights issue to Affinity

Test case looms for Korea’s revised Commercial Act as VIP Asset challenges Lotte Rental’s rights issue to Affinity

Lotte Rental Co., South Korea’s No. 1 car rental and leasing company, is facing a backlash from a key minority shareholder over its planned ri...

Blackpink's new single Jump tops Spotify daily chart

Blackpink's new single Jump tops Spotify daily chart

Blackpink's new single Jump has rocketed to No. 1 on the Spotify Daily Top Songs Global chart, YG Entertainment Inc., the company behind the girl gr...

South Korea moves to mandate treasury share cancellation

South Korea moves to mandate treasury share cancellation

South Korea’s ruling Democratic Party is accelerating its push to boost shareholder value by requiring listed companies to cancel treasury sha...

Korean commercial act revision to drive reevaluation of equities: J.P. Morgan

Korean commercial act revision to drive reevaluation of equities: J.P. Morgan

J.P. Morgan, a leading US investment bank, has thrown its weight behind South Korea’s landmark commercial act revision, saying that the new go...

BOK chief warns against aggressive policy rate cuts, sees need for stimulus

BOK chief warns against aggressive policy rate cuts, sees need for stimulus

Bank of Korea Governor Rhee Chang-yong on Thursday signaled a cautious approach to monetary easing, warning that excessive interest rate cuts could ...

POSCO Future M breaks with China in cathode supply chain

POSCO Future M breaks with China in cathode supply chain

GWANGYANG, SOUTH JEOLLA – POSCO Future M Co., South Korea’s leading battery materials maker, has secured itself a China-free cathode mat...

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...

S.Korea's Han, Trump discuss transactional diplomacy in 1st direct talks

S.Korea's Han, Trump discuss transactional diplomacy in 1st direct talks

South Korea’s Acting President and Prime Minister Han Duck-soo spoke with US President Donald Trump on Tuesday to discuss various issues of mu...

Samsung's Lee meets with Xi amid Beijing’s balancing act vs Washington

Samsung's Lee meets with Xi amid Beijing’s balancing act vs Washington

Samsung Electronics Co. Chairman Lee Jae-yong, along with other global tech leaders, met with Chinese President Xi Jinping in Beijing on Friday as C...

BlackRock sees digital assets at critical turning point

BlackRock sees digital assets at critical turning point

Digital assets are poised for robust structural growth – not just as investment vehicles but as strategic assets – fueled by growing ins...

Korean court reinstates impeached PM Han as acting president

Korean court reinstates impeached PM Han as acting president

South Korea’s constitutional court on Monday ruled against the impeachment of Prime Minister Han Duck-soo, restoring him to his position as ac...

Parliament passes bill to expand boards’ fiduciary duties

Parliament passes bill to expand boards’ fiduciary duties

South Korea's National Assembly on Thursday passed an amendment to the Commercial Act to expand boards of directors’ fiduciary duties to minor...

Korean snacks mesmerize global consumers amid K-pop popularity

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...

MBK Partners poised to acquire CJ Cheiljedang’s $3.5 billion bio business

 MBK Partners poised to acquire CJ Cheiljedang’s $3.5 billion bio business

North Asia-focused private equity firm MBK Partners is on the verge of clinching a major acquisition deal by offering a higher bid than other conten...

LG Chem unveils precursor-free cathode material for batteries

LG Chem unveils precursor-free cathode material for batteries

LG Chem Ltd. is set to become the first South Korean company to mass-produce precursor-free cathode materials, designed for high- and mid-nickel bat...

Microsoft's quantum computing bet sparks controversy, again

Microsoft's quantum computing bet sparks controversy, again

In 2021, Microsoft Corp. faced significant scientific embarrassment when a landmark research paper it had sponsored was retracted.Published in the U...

POSCO seeks $1 bn restructuring amid weak steel, battery materials sectors

POSCO seeks $1 bn restructuring amid weak steel, battery materials sectors

South Korea’s POSCO Holdings Inc. said on Monday it plans to sell 61 unprofitable and non-core assets to raise 1.5 trillion won ($1 billion) a...

HS Hyosung Advanced Materials seeks to sell tire steel cord business

HS Hyosung Advanced Materials seeks to sell tire steel cord business

South Korea’s HS Hyosung Advanced Materials Corp. is seeking to sell its tire steel cord business to secure funds for its new growth ventures ...

Korea’s new acting president assures economy resilient, security tight

Korea’s new acting president assures economy resilient, security tight

South Korea’s new Acting President Choi Sang-mok said on Friday he is confident that the country’s economy is resilient and its national...

South Korea’s Acting President Han impeached; Stocks, won plummet

South Korea’s Acting President Han impeached; Stocks, won plummet

Han Duck-soo, South Korea’s acting president and prime minister, was impeached in Parliament on Friday amid a deepening political crisis batte...

POSCO Holdings unveils aggressive value-up plan, hike in cash dividends

POSCO Holdings unveils aggressive value-up plan, hike in cash dividends

South Korea’s steel-to-battery materials conglomerate POSCO Group on Monday unveiled a spate of corporate value-up measures, including a highe...

POSCO to raise up to $691 million as next year’s 1st corporate bond issuer

POSCO to raise up to $691 million as next year’s 1st corporate bond issuer

South Korea’s steel-to-battery materials conglomerate POSCO Group plans to raise up to 1 trillion won ($691 million) in the country’s fi...

GC Biopharma acquires ABO Holding for $96 mn

GC Biopharma acquires ABO Holding for $96 mn

South Korea’s GC Biopharma Corp. said on Thursday it acquired the US-based medical-grade source blood plasma company ABO Holding Inc. The...

LIG Nex1, Electroninks to team up for component materials

LIG Nex1, Electroninks to team up for component materials

South Korea's LIG Nex1 Co. said Tuesday it signed a memorandum of understanding (MOU) with the US-based Electroninks Inc. to research and develop ne...

SKC’s US affiliate Absolics receives $100 million in US R&D grants

SKC’s US affiliate Absolics receives $100 million in US R&D grants

Absolics Inc., the US glass substrate affiliate of South Korean chemical materials company SKC Ltd., has been selected to receive up to $100 million...

Hyundai Mobis develops leaf spring with advanced materials

Hyundai Mobis develops leaf spring with advanced materials

South Korea's Hyundai Mobis, the world’s fifth-largest auto parts supplier, said on Monday that it developed a leaf spring using lightweight p...

MSCI Korea Index adds Hyundai Rotem

MSCI Korea Index adds Hyundai Rotem

MSCI announced on Wednesday that South Korea's Hyundai Rotem Co. will be added to the Morgan Stanley Capital International (MSCI) Korea Index. ...

Hanwha Q Cells, OCI to benefit from expanded US CHIPS Act subsidies

Hanwha Q Cells, OCI to benefit from expanded US CHIPS Act subsidies

South Korean solar cell companies such as Hanwha Q Cells Co. and OCI Holdings Co. are set to benefit from expanded subsidies covered by the US CHIPS...

HD Hyundai OCI supplies recycled tire materials to Hankook Tire

HD Hyundai OCI supplies recycled tire materials to Hankook Tire

HD Hyundai OCI, the petrochemical affiliate of HD Hyundai Oilbank, said on Tuesday it started to supply Hankook Tire & Technology with recycled ...

DS Dansuk wins $750 mn SAF material order from Phillips 66

DS Dansuk wins $750 mn SAF material order from Phillips 66

South Korea's DS Dansuk Co., which operates bioenergy, battery, and plastic recycling businesses, said on Monday it signed a 1 trillion won ($750 mi...

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