Hanwha seeks to buy Paraspara Seoul from developer tied to Banyan Tree Busan fire

Hanwha seeks to buy Paraspara Seoul from developer tied to Banyan Tree Busan fire

Hanwha Hotels & Resorts Co. is in talks to acquire Paraspara Seoul, a five-star hotel and resort, up for sale by a property developer facing lia...

POSCO sets sights on lithium production in US

POSCO sets sights on lithium production in US

POSCO Holdings Inc. has teamed up with Australia’s Anson Resources Ltd. to build a direct lithium extraction (DLE) demonstration plant in the ...

NPS boosts allocation to direct lending, secondaries

NPS boosts allocation to direct lending, secondaries

The National Pension Service (NPS), the world’s third-largest pension fund, has been further diversifying its portfolio through increased expo...

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...

Celltrion’s Vegzelma: Most-prescribed cancer treatment in Europe

Celltrion’s Vegzelma: Most-prescribed cancer treatment in Europe

South Korea’s leading biosimilar drug developer Celltrion Inc.'s Vegzelma, a cancer drug referencing global biopharma Roche’s Avastin, h...

Korea’s beauty retailer CJ Olive Young to open first US offline outlet

Korea’s beauty retailer CJ Olive Young to open first US offline outlet

CJ Olive Young Corp., South Korea’s top beauty store chain, said on Tuesday it has set up a US business entity in Los Angeles to enhance its p...

South Korean oil refiners to jointly build SAF plant

South Korean oil refiners to jointly build SAF plant

South Korea’s four major oil refining companies will jointly build a sustainable aviation fuel (SAF) plant in the country, for which the gover...

Foreign direct investments in Korea hit record $34.57 billion in 2024

Foreign direct investments in Korea hit record $34.57 billion in 2024

Foreign direct investments in South Korea hit a record high in 2024, driven by Chinese and Japanese investors in the manufacturing sector, the Minis...

Samsung C&T, Hitachi Energy to team up for HVDC projects

Samsung C&T, Hitachi Energy to team up for HVDC projects

South Korea's Samsung C&T Corp. said Monday it signed a memorandum of understanding (MOU) with Sweden's Hitachi Energy to cooperate for high-vol...

KB Asset parts ways with Dragon Capital in Vietnam

KB Asset parts ways with Dragon Capital in Vietnam

South Korea's KB Asset Management Co. ended its delegated management agreement for public funds with Vietnam's largest asset management company, Dra...

Samsung Electronics to buy back $7.2 bn in shares

 Samsung Electronics to buy back $7.2 bn in shares

Samsung Electronics Co. will buy back 10 trillion won ($7.2 billion) in shares over the next year to prop up its share price, which has plunged more...

Celltrion acquires Swiss pharmaceutical distributor iQone

Celltrion acquires Swiss pharmaceutical distributor iQone

South Korea's Celltrion Inc. said on Friday that it completed its acquisition of iQone Healthcare Switzerland, a Swiss pharmaceutical distributor, t...

South Korean VCs in search of better returns abroad

South Korean VCs in search of better returns abroad

South Korean venture capitalists’ appetite for foreign entrepreneurs shows no sign of waning as they continue to look for better returns overs...

S.Korea's NPS opens fourth overseas office in Silicon Valley

S.Korea's NPS opens fourth overseas office in Silicon Valley

South Korea's National Pension Service (NPS), the world's third-largest pension fund, opened an office in Silicon Valley, San Francisco, on Septembe...

Asan Nanum Foundation revamps fund management

Asan Nanum Foundation revamps fund management

The Asan Nanum Foundation, a nonprofit foundation set up in 2011 to commemorate the 10th anniversary of Hyundai founder Chung Ju-yung’s death,...

Samsung, LG go in different directions for all solid batteries

Samsung, LG go in different directions for all solid batteries

South Korean household names Samsung and LG are in a new race to win the market for solid-state batteries, next-generation batteries promising enhan...

K-content powerhouse’s YouTube channels disrupted by hacks

K-content powerhouse’s YouTube channels disrupted by hacks

The YouTube channels of South Korean entertainment powerhouse CJ ENM Co.'s units, with more than 8 million subscribers, were disrupted for 14 hours ...

Kyobo Lifeplanet, FWD Hong Kong to collaborate on GenAI

Kyobo Lifeplanet, FWD Hong Kong to collaborate on GenAI

South Korea's Kyobo Lifeplanet Life Insurance Co. announced on Friday that it signed a memorandum of understanding with Hong Kong-based insurer FWD ...

Hyundai Motor Group, Oxford Univ. establish Foresight Center

Hyundai Motor Group, Oxford Univ. establish Foresight Center

Hyundai Motor Group announced on Tuesday that it partnered with the University of Oxford and established the Oxford-Hyundai Motor Group Foresight Ce...

Young rich Koreans: Financially literate, self-directing

Young rich Koreans: Financially literate, self-directing

Young South Korean millionaires want to take more control of their investments and bet on sectors they know, not relying passively on private banker...

NPS to cut global stocks under GP management, up its direct control

NPS to cut global stocks under GP management, up its direct control

South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, is set to slash its overseas stocks under global i...

Samsung Electronics builds Red Hat-certified CXL infrastructure

Samsung Electronics builds Red Hat-certified CXL infrastructure

Samsung Electronics Co. has set up the industry’s first Compute Express Link (CXL) infrastructure, certified by Red Hat Inc., the world’...

LG Uplus’ AI ixi to be available on Instagram

LG Uplus’ AI ixi to be available on Instagram

LG Uplus Corp. will enable its artificial intelligence ixi on Instagram later this year to allow more people to have easy access to the most sensati...

Direct lending, a core allocation for investors: M&G Investments

Direct lending, a core allocation for investors: M&G Investments

Private credit continues to lure investors, not least within one of the largest areas of private credit, direct lending. Providing reliable income s...

KIC eyes direct lending with high return potential: CEO

KIC eyes direct lending with high return potential: CEO

Sovereign wealth fund Korea Investment Corporation (KIC) seeks opportunities in direct lending for companies that are not cyclically sensitive and g...

Samsung SDS taps generative AI to counter logistics risks

Samsung SDS taps generative AI to counter logistics risks

Samsung SDS Co., the information technology service unit under Samsung Group, actively incorporates generative artificial intelligence and machine...

M&A rebound will drive private credit volume increase: Golub Capital

M&A rebound will drive private credit volume increase: Golub Capital

As the Federal Reserve signaled delays in rate cuts after meeting earlier this month, more investors have adopted for a wait-and-see attitude. Those...

HD Hyundai, ABS to set standards for e-propulsion ships

HD Hyundai, ABS to set standards for e-propulsion ships

South Korea's HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) and HD Hyundai Heavy Industries Co., partnered with the American Bureau...

Korea’s Celltrion, SK Biopharmaceuticals benefit from direct US sales

Korea’s Celltrion, SK Biopharmaceuticals benefit from direct US sales

Celltrion Inc. and SK Biopharmaceuticals Co. are witnessing improving sales revenue and profitability by selling their products through their own ma...

S.Korea’s current account surplus near 3-year high on chips

S.Korea’s current account surplus near 3-year high on chips

South Korea’s current account surplus touched a near three-year high in February as goods exports continued to grow on strong overseas sales o...

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