Hanwha seeks to buy Paraspara Seoul from developer tied to Banyan Tree Busan fire

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...

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

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...

Ramen, ready-to-eat meals lead 10% rise in 2024 K-food exports

Ramen, ready-to-eat meals lead 10% rise in 2024 K-food exports

South Korea’s food exports climbed 10% on-year to $7.26 billion in 2024, led by ramen, ready-to-eat meals and seasoned seaweed, according to g...

LX International seeks to acquire nickel, copper mines in Indonesia

LX International seeks to acquire nickel, copper mines in Indonesia

LX International Corp., the trading unit of South Korea’s LX Group, said on Friday it is seeking to acquire a nickel mine and a copper mine in...

Korea Zinc to export antimony to US

Korea Zinc to export antimony to US

South Korea’s largest zinc smelter, Korea Zinc Inc., plans to export antimony to the US. This rare metal is a flame retardant for batteries ...

S.Korea-Philippines FTA to boost car and food exports

S.Korea-Philippines FTA to boost car and food exports

South Korea and the Philippines free trade agreement (FTA) is expected to increase exports to the Philippines, especially cars and parts, which will...

Korean Air-Asiana merger to spur M&A among budget carriers

Korean Air-Asiana merger to spur M&A among budget carriers

Korean Air Lines Co.'s anticipated acquisition of Asiana Airlines Inc. is expected to spur domestic budget carriers to seek mergers, with the two do...

Lotte puts department store in Centum City, Busan on market

Lotte puts department store in Centum City, Busan on market

Lotte Shopping Co. has put one of its core department stores, Lotte Department Store Centum City in Busan, on the market in line with its parent gro...

HJ S&C wins $200 mn Philippines new port construction project order

HJ S&C wins $200 mn Philippines new port construction project order

HJ Shipbuilding & Construction Co. (HJ S&C) said on Thursday its construction division secured a 280 billion won ($200 million) contract to ...

Daewoo E&C wins Turkmen mineral fertilizer plant project

Daewoo E&C wins Turkmen mineral fertilizer plant project

South Korea's Daewoo Engineering & Construction Co. (Daewoo E&C) said on Monday that it was selected as the winning bidder for a Mineral Fer...

S.Korea’s KF-21, Lockheed's F-16 shortlisted for Philippine fighter jet deal

S.Korea’s KF-21, Lockheed's F-16 shortlisted for Philippine fighter jet deal

South Korea’s homegrown fighter jet KF-21 is competing against US defense firm Lockheed Martin Corp.’s F-16 for the Philippine governmen...

S.Korea signs MOU on Philippine nuclear safety checks, eyes plant deals

S.Korea signs MOU on Philippine nuclear safety checks, eyes plant deals

MANILA – South Korea on Monday signed an initial agreement with the Philippines to conduct a safety check on a nuclear power plant before a re...

Samsung's Lee inspects MLCC plant in Philippines as it eyes turnaround

Samsung's Lee inspects MLCC plant in Philippines as it eyes turnaround

Samsung Group Chairman Jay Y. Lee on Sunday inspected Samsung Electro-Mechanics Co.’s production facilities for multilayer ceramic capacitors ...

Genesis sponsors Busan International Film Festival

Genesis sponsors Busan International Film Festival

Hyundai Motor Co.'s premium brand Genesis said on Friday that it will continue its sponsorship of the 29th Busan International Film Festival (BIFF),...

SK Enmove, SQM ink supply deal for refrigerant material iodine

SK Enmove, SQM ink supply deal for refrigerant material iodine

SK Enmove Co. a lubricant-producing arm of SK Innovation Co., said on Thursday that it has signed a preliminary agreement to buy iodine from Socieda...

Jin Air to expand SE Asia, Oceania routes

Jin Air to expand SE Asia, Oceania routes

South Korea's budget carrier Jin Air said on Friday that it will resume and expand its international flights for the upcoming winter season, focus...

KAI selected as PBL provider for Philippine FA-50

KAI selected as PBL provider for Philippine FA-50

Korea Aerospace Industries Ltd. (KAI), the country's sole military aircraft manufacturer, said on Friday that it was selected as the performance-bas...

Daewoo E&C, CSCEC to collaborate on overseas projects

Daewoo E&C, CSCEC to collaborate on overseas projects

South Korea's Daewoo Engineering & Construction Co. (Daewoo E&C) said on Tuesday that it signed a memorandum of understanding (MOU) the prev...

Korea’s top landscaping firm Dawon to expand in SE Asia

Korea’s top landscaping firm Dawon to expand in SE Asia

South Korea’s Dawon Corporation aims to expand its business in Southeast Asia as it beat out major domestic builders such as Samsung C&T C...

Jin Air to launch daily flights on Busan-Nagoya route

Jin Air to launch daily flights on Busan-Nagoya route

South Korea's low-cost carrier Jin Air announced on Friday that it will launch a new route between Busan and Nagoya, starting on Sept. 14, with dail...

KOGAS executes first simultaneous LNG bunkering in Korea

KOGAS executes first simultaneous LNG bunkering in Korea

South Korea's state-run Korea Gas Corp. (KOGAS) said on Friday that its subsidiary, Korea LNG Bunkering, successfully carried out the country’...

Jeju Air seeks M&A, igniting race for top place in Korea's LCC market

Jeju Air seeks M&A, igniting race for top place in Korea's LCC market

Jeju Air Co., a leading South Korean low-cost carrier (LCC), will likely seek the acquisition and merger of a rival small airline operator amid inte...

Korea Investment manages Vista Land $50 mn global bond issuance

Korea Investment manages Vista Land $50 mn global bond issuance

Korea Investment & Securities Co. announced on Thursday that its Hong Kong subsidiary KIS Asia managed the issuance of $50 million in global bon...

Paldo enters S&R, Puregold in Philippines

Paldo enters S&R, Puregold in Philippines

South Korea’s food and beverage company Paldo is strengthening its competitiveness in the Philippine market.Paldo announced on Thursday that i...

Korea to build startup campuses in Seoul, Busan by 2026

Korea to build startup campuses in Seoul, Busan by 2026

South Korea will establish startup hubs in Seoul and Busan, the country’s largest port city, by the first half of 2026 to build Asia’s N...

Renault Korea begins mass production of Grand Koleos

Renault Korea begins mass production of Grand Koleos

Renault Korea announced on Tuesday that it has started mass production of the D-segment hybrid sports utility vehicle (SUV) New Renault Grand Koleos...

Hyundai Inster, Kia EV3, Genesis Neolun shine at Busan auto show

Hyundai Inster, Kia EV3, Genesis Neolun shine at Busan auto show

BUSAN – Hyundai Motor Co., South Korea’s top automaker, on Thursday premiered the Inster, an all-electric crossover city car, the latest...

Doosan Enerbility, Meralco to collaborate on energy projects

Doosan Enerbility, Meralco to collaborate on energy projects

South Korea's Doosan Enerbility Co. announced on Wednesday that executives from Manila Electric Company (Meralco), the largest power company in the ...

Hyundai Motor releases Casper Electric teaser images

Hyundai Motor releases Casper Electric teaser images

Hyundai Motor Co. on Tuesday released a teaser image of the electrified model of its first city sports utility vehicle (SUV) The Casper Electric.T...

LX Pantos to enter Indonesian resource logistics market

LX Pantos to enter Indonesian resource logistics market

South Korea's LX Pantos said on Thursday that it signed a joint venture (JV) agreement with KSA, Indonesia's largest bulk carrier, to tap into the S...

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