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...

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...

Why North Korean soldiers are prepared to die in Russia

SEOUL—Ryu Seong-hyeon doesn’t need to imagine what the thousands of North Korean soldiers deployed to the Russian front line...

Jeju casinos, hotels bask in return of Chinese tourists; luxury shops fall

Following the pandemic, hotels and casinos are enjoying a renewed tourist boom with Chinese tourists returning to South Korea, particularly its top ...

Kim Jong-un appears with daughter in public for first time

North Korean leader Kim Jong-un has unveiled for the first time his second child, daughter Ju-ae, who was born in 2013.The Korean Central News Agenc...

Ruling party calls for BOK's active role to aid COVID victims

South Korea's ruling Democratic Party has called on the Bank of Korea (BOK) to take a more active role to aid pandemic-hit small business operators ...