Kakao Pay backs out of acquisition deal for Shinsegae’s SSG Pay, Smile Pay

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 ...

Kolon's early bets on para-aramid recovery pays off amid AI boom

Kolon's early bets on para-aramid recovery pays off amid AI boom

The artificial intelligence boom is spilling over into the industrial fiber market, driving demand for para-aramid, a so-called super fiber essentia...

Tencent eyes 2nd-largest stake in Kakao Mobility amid broader Korea push

Tencent eyes 2nd-largest stake in Kakao Mobility amid broader Korea push

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...

Now, it’s K-vehicle: KG Mobility, Kia lead S.Korea’s military vehicle exports

Now, it’s K-vehicle: KG Mobility, Kia lead S.Korea’s military vehicle exports

South Korea’s once domestically focused automakers are making significant inroads into the global defense sector, with a string of recent cont...

Kakao Mobility to build smart infrastructure for Saudi Diriyah project

Kakao Mobility to build smart infrastructure for Saudi Diriyah project

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...

Elliott loses appeal over $19 mn claim against Samsung C&T

Elliott loses appeal over $19 mn claim against Samsung C&T

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 to become SM Entertainment's No. 2 shareholder via HYBE deal

Tencent to become SM Entertainment's No. 2 shareholder via HYBE deal

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 sets up entity in Korea with most paid ChatGPT users outside US

OpenAI sets up entity in Korea with most paid ChatGPT users outside US

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 in talks to acquire SSG.COM’s SSG Pay and Gmarket’s Smile Pay

Kakao Pay in talks to acquire SSG.COM’s SSG Pay and Gmarket’s Smile Pay

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’ AUM tops $288 bn as global push pays off

Mirae Asset Global Investments’ AUM tops $288 bn as global push pays off

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...

Mubadala, Goldman Sachs to invest $700 mn in Kakao Mobility

Mubadala, Goldman Sachs to invest $700 mn in Kakao Mobility

United Arab Emirates’ sovereign wealth fund Mubadala Investment Co. and Goldman Sachs are set to invest a combined $700 million in Kakao Mobil...

KakaoBank posts record Q1 profit, eyes Thai expansion after Indonesia

KakaoBank posts record Q1 profit, eyes Thai expansion after Indonesia

KakaoBank Corp., a leading South Korean internet-only bank, posted its highest quarterly profit in the first quarter, defying a drop in interest inc...

Kakao shares sink on SK Telecom’s stake sell-off news

Kakao shares sink on SK Telecom’s stake sell-off news

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...

Korea not to appeal ruling in favor of Mason Capital in Samsung case

Korea not to appeal ruling in favor of Mason Capital in Samsung case

South Korea said on Friday it has decided not to appeal a Singaporean court’s rejection of its lawsuit to annul an investor-state dispute sett...

Kakao Entertainment scraps IPO, seeks new buyer

Kakao Entertainment scraps IPO, seeks new buyer

Kakao Corp., South Korea’s largest mobile platform, is looking to sell a majority stake in Kakao Entertainment Corp., dropping a plan to take ...

Kakao Entertainment sheds loss-making units, revives IPO prospects

Kakao Entertainment sheds loss-making units, revives IPO prospects

Kakao Entertainment Corp. has been divesting unprofitable music labels and digital content platforms, which it has gobbled up over the past few year...

VIG taps KDB financing to buy 40% stake in Kakao Mobility

VIG taps KDB financing to buy 40% stake in Kakao Mobility

South Korea’s private equity firm VIG Partners’ buyout of minority stakes in Kakao Mobility Corp., the nation’s most popular taxi-...

MBK chairman to leverage own funds to pay Homeplus suppliers

MBK chairman to leverage own funds to pay Homeplus suppliers

Michael ByungJu Kim, the co-founder, partner and chairman of Northeast Asia-focused private equity firm (PEF) MBK Partners Ltd., is expected to leve...

Kakao founder Kim to resign as control tower chair

Kakao founder Kim to resign as control tower chair

Kakao Corp. founder Kim Beom-soo, also known as Brian Kim, will step down as chairman of the South Korean tech giant’s top decision-making bod...

Kia’s Chinese operations turn to profit after 8 years; Export strategy pays off

Kia’s Chinese operations turn to profit after 8 years; Export strategy pays off

South Korea’s No. 2 automaker Kia Corp. saw its Chinese operations turn profitable in 2024 for the first time in eight years as brisk exports ...

Kakao set to announce AI partnership with OpenAI

Kakao set to announce AI partnership with OpenAI

Kakao Corp., South Korea’s dominant mobile platform, is expected to unveil a business partnership with OpenAI to incorporate the technology of...

Korean B2B fintech firm Dozn plans Kosdaq IPO for $202.5 mn market cap

Korean B2B fintech firm Dozn plans Kosdaq IPO for $202.5 mn market cap

South Korea’s business-to-business fintech service provider Dozn is planning an initial public offering on the Kosdaq in February for an estim...

Korea’s Cactus PE to buy stake in Kosdaq-listed EV parts firm

Korea’s Cactus PE to buy stake in Kosdaq-listed EV parts firm

South Korea’s Cactus Private Equity is set to acquire a stake in YM Tech Co., a Kosdaq-listed electric vehicle (EV) parts maker, for nearly 20...

Piccoma tops consumer spending ranking in Japan

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...

Korean entertainment powerhouse K Wave Media to debut on Nasdaq in Feb

Korean entertainment powerhouse K Wave Media to debut on Nasdaq in Feb

K Wave Media Ltd., an umbrella entity of South Korean entertainment companies, is set to go public on the Nasdaq next month in a bid to raise money ...

Korea’s Naver Pay partners with WeChat Pay for mobile payments in China

Korea’s Naver Pay partners with WeChat Pay for mobile payments in China

South Korean tech giant Naver Corp. said on Tuesday it has partnered with WeChat Pay to offer a Naver Pay mobile pay and digital wallet service usin...

Korean stocks diverge: Winners, losers of Yoon’s martial law debacle

Korean stocks diverge: Winners, losers of Yoon’s martial law debacle

South Korean stocks showed clear divergences on Wednesday amid a mixed market outlook as President Yoon Suk Yeol’s martial law declaration, re...

SM's UK K-pop group Dear Alice to debut with Gamma

SM's UK K-pop group Dear Alice to debut with Gamma

South Korea's SM Entertainment Co. partnered with the US-based music label "Gamma." to globally debut its first British K-Pop boy group Dear Alice.A...

Kakao Mobility, Samyang Logistics partner on fulfillment services

Kakao Mobility, Samyang Logistics partner on fulfillment services

Kakao Mobility Corp., South Korea’s most popular ride-hailing app operator, said on Monday that it partnered with logistics firm Samyang Logis...

Kakao Mobility to launch outdoor robot delivery

Kakao Mobility to launch outdoor robot delivery

Kakao Mobility Corp., South Korea’s largest taxi-hailing app operator, said on Monday that it signed a business agreement with Robotis, a comp...

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