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 ...
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 ...
Bebesup, a leading South Korean baby skincare and wipe brand, has secured a registration certificate from the China National Medical Products Admini...
South Korean airlines are ramping up international routes, particularly to China, Japan and Southeast Asian countries, in a bid to boost profitabili...
Musinsa, South Korea’s fashion unicorn backed by KKR Co., is set to bring the K-style wave to China with Anta Sports Products Ltd., China's le...
A new personal data processing policy from Chinese robot vacuum maker Roborock is raising fears that consumer data could be leaked to or misused by ...
Kia Corp., South Korea’s second-largest automaker, plans to manufacture and sell the EV5, its first China-made all-electric vehicle, at home t...
The artificial intelligence boom is spilling over into the industrial fiber market, driving demand for para-aramid, a so-called super fiber essentia...
Chinese tech giant Tencent Holdings Ltd. has emerged as a surprise contender in a race to acquire a roughly 40% stake in Kakao Mobility Corp., the o...
LG Display Co., the world’s top large-sized organic light-emitting diode (OLED) panel maker, will invest 1.26 trillion won ($925.4 million) to...
MBK Partners and Mirae Asset Securities Co. are considering divesting of their holdings in CGI Holdings Co., which oversees CJ CGV Co.’s multi...
LG Energy Solution Ltd. said on Monday it has signed a six-year contract with Chery Automobile Co. to supply 8 gigawatts per hour (GWh) of next-gene...
South Korean face mask packs – a flagship product of K-beauty – are staging a dramatic revival in popularity.Rising to fame alongside K-...
Hyundai Steel Co. is poised to displace Baoshan Iron & Steel Co. as a key supplier to GM Korea Co., a unit of General Motors Co., as the US carm...
GWANGYANG, SOUTH JEOLLA – POSCO Future M Co., South Korea’s leading battery materials maker, has secured itself a China-free cathode mat...
South Korea’s newly elected President Lee Jae-myung and Chinese President Xi Jinping have agreed to strengthen strategic ties and enhance coop...
Kakao Mobility Corp., which runs South Korea’s most popular ride-hailing app, Kakao T, has clinched a deal to build a future mobility infrastr...
A South Korean appellate court has rejected Elliott Investment Management Corp.’s claim for 26.7 billion won ($19.3 million) in interest for a...
Tencent Music Entertainment Group is set to become the second-largest shareholder of SM Entertainment Co. by acquiring HYBE Co.'s remaining shares i...
OpenAI Inc., the creator of generative AI ChatGPT, has established a legal entity in South Korea, which has the largest number of paying ChatGPT sub...
Kakao Pay Corp., the mobile payment and digital wallet service unit of South Korean tech giant Kakao Corp., is in advanced negotiations to acquire t...
Mirae Asset Global Investments Co. now manages more than 400 trillion won ($288 billion) in assets for the first time since its first global venture...
BUSAN – On a sunny May morning in Busan’s Yeongdo shipyard, the clang of steel and the rhythmic pounding of welders was telling the new ...
HANGZHOU – The capital of China’s Zhejiang province, Hangzhou, is the southern terminus of the ancient Grand Canal waterway, which origi...
United Arab Emirates’ sovereign wealth fund Mubadala Investment Co. and Goldman Sachs are set to invest a combined $700 million in Kakao Mobil...
KakaoBank Corp., a leading South Korean internet-only bank, posted its highest quarterly profit in the first quarter, defying a drop in interest inc...
The US has eased tariffs on automotive parts that took effect on May 3, offering a sigh of relief to South Korean suppliers, who said a worst-case s...
CJ CheilJedang Corp., South Korea’s largest food and beverage company, said on Wednesday it has scrapped a planned sale of its green bio busin...
Shares in South Korea’s leading entertainment companies are rallying amid growing signs that China will likely lift its longstanding ban on Ko...
South Korea’s leading asset manager Mirae Asset Financial Group is increasingly unveiling China-focused investment products as Chairman P...
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...