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...

BTS’ Suga, MLB star Chan Ho Park to join Oakland Athletics as shareholders

BTS member Suga and former Major League Baseball (MLB) pitcher Chan Ho Park are putting their money on the Athletics, formerly the Oakland Athletics...

IGIS Asset resumes sale of KIC-backed Shilla Stay Seodaemun

Shilla Stay Seodaemun has been put on the market again amid signs of a recovery in South Korea’s hospitality industry, after earlier attempts ...

From G-Dragon to Ibuki: Dongmyo emerges as global fashion hotspot

Once a humble thrift market popular among older locals in Seoul, Dongmyo Market, often dubbed Dongmyo flea market, has become a vibrant hotspot for ...

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...

EQT taps ex-DHK Management CEO to lead S.Korea's real estate push

Swedish asset manager EQT Partners, also the largest private equity firm in Europe, has named David Kim, chief executive of South Korean real estate...

KAI seals $700 mn FA-50 fighter jet export deal with the Philippines

Korea Aerospace Industries Ltd. (KAI) on Tuesday signed a $700 million contract to supply 12 FA-50 fighter jets to the Philippines, marking the larg...

KT&G seeks $200 mn acquisition of Nordic nicotine pouch maker

KT&G Corp. is in talks to acquire a leading nicotine pouch company in Northern Europe for about 300 billion won, or  $200 million, investme...

Netmarble set to spark subculture craze at Summer Game Fest

Netmarble Corp., South Korea’s leading game developer and publisher, is seeking to capitalize on the surging global demand for so-called subcu...

Korea Investment & Securities to sell Goldman Sachs funds

Korea Investment & Securities Co. said on Tuesday it is set to sell funds operated by Goldman Sachs Asset Management LP in South Korea, offering...

KT&G eyes overseas M&A after rejecting activist fund's offer

KT&G Corp., South Korea’s dominant tobacco and ginseng producer, is seeking to acquire a Japanese ginseng company after dismissing a 1.9-t...

KAIST launches Korean rapper G-Dragon’s music into space

The Korea Advanced Institute of Science & Technology (KAIST) has launched the music and iris image of G-Dragon, a Korean rapper and singer-songw...

Hanwha develops cutting-edge stealth paint for next-generation warships

Hanwha Ocean Co., a leading South Korean warship builder, has developed and tested an advanced stealth paint designed for the country’s KDDX n...

Hyundai Motor taps ex-CPPIB private equity head Suyi Kim for board role

Hyundai Motor Co. has tapped Suyi Kim, former private equity head of the Canada Pension Plan Investment Board (CPPIB) and Benjamin Tan, an ex-portfo...

EQT targets healthcare, technology, business service providers in Korea

EQT, the largest private equity firm in Europe, is setting its sights on healthcare, technology companies and business service providers in South Ko...

KT to sell financial security unit for $59 mn for restructuring

South Korea’s KT Corp. is set to sell Initech Co., its Kosdaq-listed financial security unit, for 85 billion won ($59.1 million) as the leadin...

KT&G establishes Uzbekistan corporation

South Korean tobacco maker KT&G Corp. said on Monday it established the Uzbekistan corporation, aiming to boost its tobacco brand awareness in...

Daesang launches kimchi brand with three-Michelin-star chef

South Korean leading food maker Daesang Corp., the operator of kimchi brand Jongga, said on Thursday it launched San Ho Won with three-Michelin-star...

Korea’s export growth at 14-month low, adds to BOK rate cut views

South Korea’s export growth fell to a 14-month low in November with shipments to the world’s two biggest markets the US and China down, ...

LS Electric shares jump on $358mn HVDC transformer order news

LS Electric Co., a South Korean industrial energy facility and systems supplier, is expected to sign a 500 billion won ($358 million) deal with a GE...

North Korea Sent a Mystery Man to Lead Its Troops Fighting Ukraine

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Gaon Cable takes over LS Cable & System's US arm

Gaon Cable Co. said on Tuesday it has taken over the US arm of parent company LS Cable & System Ltd. to beef up its business of mid-to-low volta...

LG to expand appliance subscriptions to India to speed up leasing business

LG Electronics Inc., the leading global home appliance maker, is considering expanding its subscription service into new overseas markets, such as I...

Korean indie fashion brands spread wings to Japan, China

Matin Kim, a rising designer brand in South Korea, will open its first offline store in Japan in the first half of next year, joining other Korean i...

KT&G to buy back shares, rejects Ginseng unit buyout offer

South Korean tobacco maker KT&G Corp. on Thursday unveiled a plan to buy back shares and pay dividends totaling 3.7 trillion won ($2.7 billion) ...

With Samsung Bespoke AI kitchen, anyone can be a Michelin-star chef

Lim Hee-won, a celebrity chef who appeared on Netflix’s cooking competition show Culinary Class War, made a special trip to a studio in Seoul ...

Global sportswear brands race to ride on Korea’s running craze

Global sportswear makers have stepped up competition in South Korea to take advantage of the country’s growing running craze with major brands...

Fila sportswear brand downsizes loss-making US business

South Korean-owned sportswear brand Fila said on Tuesday it scaled back its loss-making US business to improve earnings through a restructuring in N...

CJ Logistics, KT&G introduce hydrogen cargo trucks

South Korea's CJ Logistics said on Thursday that it deployed two 11-ton hydrogen-powered cargo trucks in the logistics division of KT&G Corp.The...

Flashlight Capital offers to buy KT&G’s ginseng business for $1.4 billion

Singapore-based investment management firm Flashlight Capital Partners Pte. (FCP) has offered to buy South Korean tobacco maker KT&G Corp.'s gin...