BOK chief warns household debt near tipping point, keeps rates steady
Rhee Chang-yong, governor of the Bank of Korea (BOK), warned on Thursday that mounting household debt is now undermining both private consumption an...
Kia to make, sell China-launched EV5 in Korea to keep top spot
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...
NPS, KIC step up focus on mid-market infrastructure
The National Pension Service (NPS) and Korea Investment Corp. (KIC) are actively exploring mid-market infrastructure opportunities as they are expec...
Hamilton Lane invests in IMM infrastructure fund in secondary deal
Global private market investor Hamilton Lane Inc. has acquired a stake in Seoul-based alternative investment firm IMM Investment’s infrastruct...
TSMC’s potential deal with Intel keeps Samsung on edge
South Korea’s semiconductor industry is closely watching developments in talks between TSMC and Intel Corp. over the world’s largest con...
Samsung Electronics' new Galaxy S25 smartphone: 'Perfect AI assistant'
SAN JOSE, Calif. – Last year, Samsung Electronics Co. scored a first-mover advantage with consumers by introducing the Galaxy S24 as an AI sma...
Hahn & Co. to buy controlling stake in SK’s specialty gas unit for $1.9 bn
South Korea’s private equity firm Hahn & Co. is set to acquire a controlling stake in the world’s top specialty gas producer SK Spec...
Kia aims to reclaim Europe with EV2, keeps K4 output unchanged in Mexico
Kia Corp., South Korea’s second-largest carmaker, will start producing its entry-level electrified model EV2 from its plant in Slovakia next y...
Hyosung TNC acquires Hyosung Chemical’s specialty gas unit for $642 mn
Hyosung TNC Corp., a South Korean textile and yarn maker, said on Thursday it will acquire the specialty gas division of Hyosung Chemical Corp. for ...
BOK to keep rate at 3.25% in Nov despite dim GDP outlook: survey
South Korea’s central bank is expected to freeze its policy rate at 3.25% during its last monetary policy meeting of the year to prevent any f...
Korea Zinc drops $1.8 bn rights issue to regain shareholder support
Korea Zinc Inc., the world’s top lead and zinc smelter, on Wednesday withdrew its 2.5 trillion won ($1.8 billion) rights issue as the move to ...
UCK Partners advises Korean-style approach for buyout deals
An increasing number of South Korean companies are on the radar of private equity investors as the firms undergo digital transformation and generati...
Kia releases 2025 model year of Carnival
Kia Corp., South Korea’s second-largest automaker, said on Monday it will release The 2025 Carnival, a model year of its large recreational ve...
Mirae Asset Securities builds AI-based stock analysis system
South Korea's Mirae Asset Securities Co. said on Monday that it has established an AI Market Assistant system, in which artificial intelligence (AI)...
Uniqlo expands in Korea as No-Japanese boycott wanes
Uniqlo Co., a Japanese fast fashion brand, is vigorously expanding brick-and-mortar stores in South Korea, attracting budget-conscious consumers ami...
Mirae Asset Securities introduces AI assistant platform for its employees
South Korea's Mirae Asset Securities said on Friday that it introduced an artificial intelligence (AI) assistant platform to enhance company-wide op...
Hana Bank opens branch for foreign customers in Pyeongtaek
South Korea's Hana Bank said on Thursday that it opened a branch for foreigners in Pyeongtaek.The Pyeongtaek Foreign Customer Center, located in Pye...
SK E&S creates value chain from FPSO, gas field project to carbon capture
SINGAPORE – At Seatrium Admiralty Yard on Jurong Island, southwest of Singapore, some 2,000 workers are busy welding gas pipes and doing other...
Samsung Electronics, TSMC tie up for HBM4 AI chip development
TAIPEI – South Korea’s Samsung Electronics Co., the world’s largest memory chipmaker, is partnering with its foundry rival Taiwan ...
LG Elec to unveil AI home hub ThinQ ON at IFA
LG Electronics Inc. said on Thursday that it will unveil LG ThinQ ON, the home appliance industry's first AI home hub equipped with generative artif...
BOK signals autumn rate cut as inflation, economic growth slow
South Korea’s central bank is likely to reduce interest rates in the next three months as inflation is expected to ease amid a slowdown in Asi...
Korean won at 5-mth high; BOK may not lower interest rate
The South Korean won on Monday touched a five-month high as the central bank may not immediately cut its policy interest rate due to rising property...
South Korean stocks rebound but still on rollercoaster
South Korean stocks on Tuesday recouped some of their hefty losses caused by the previous day's global panic selling after financial authorities iss...
SK Telecom's X Caliber to enter SE Asian pet market
South Korea's SK Telecom Co. announced on Tuesday that it signed a contract to supply X Caliber, an AI-based pet diagnosis assistance solution, to t...
Korean banks raise mortgage rates despite looming rate cut
South Korean banks are raising mortgage rates again as the government strives to curb household debt growth that grew at its sharpest pace in three ...
Rebellions, Igloo partner for AI-based security
South Korea’s fabless AI chip startup Rebellions Inc. announced on Tuesday that it partnered with AI-based security operations and analysis pl...
SK Telecom's X Caliber enters N.American pet market
South Korea's SK Telecom Co. announced on Monday that it signed a distribution agreement with Canadian pet medical equipment company Nuon & Nikk...
BOK chief signals rate cut; warns of rising housing prices
The time is ripe to prepare an interest rate cut as consumer prices are holding around South Korea’s target of 2%. But it remains uncertain wh...
Korea to keep track of EV battery life cycles for recycling
The South Korean government will monitor electric vehicle (EV) battery life cycles to share information on the lifespan, performance and accident hi...
Law&Company vows to go global with AI legal assistant
Law&Company Co., the operator of South Korea’s largest legal advice app LawTalk, will venture into the US legal tech market in five years ...
