Hyundai helps Korean economy most with $265 bn contribution
Hyundai Motor Group, the world’s third-biggest automaker, generated the most economic value among major South Korean conglomerates last year, ...
Calls grow for stronger LP oversight in national strategic asset M&As
MBK Partners’ takeover attempt of Korea Zinc Inc. has exposed the vulnerability of national strategic assets to private equity ownership, posi...
BOK chief warns against aggressive policy rate cuts, sees need for stimulus
Bank of Korea Governor Rhee Chang-yong on Thursday signaled a cautious approach to monetary easing, warning that excessive interest rate cuts could ...
South Korea’s Lee, China’s Xi agree on closer ties, peace on peninsula
South Korea’s newly elected President Lee Jae-myung and Chinese President Xi Jinping have agreed to strengthen strategic ties and enhance coop...
S.Korea’s Lee to make diplomatic debut at G7 after phone call with Trump
South Korea’s new President Lee Jae-myung will attend the summit of the Group of Seven (G7) advanced countries in Alberta, Canada, next week, ...
S.Korea's Han, Trump discuss transactional diplomacy in 1st direct talks
South Korea’s Acting President and Prime Minister Han Duck-soo spoke with US President Donald Trump on Tuesday to discuss various issues of mu...
Korea’s beauty wholesaler to invest $10 mn in fashion platform Balaan
South Korea’s cosmetics wholesaler Silicon2 Co. is set to invest $10 million in financially troubled luxury fashion e-commerce platform operat...
Mirae Asset prepares bitcoin covered call ETF launch: chairman
Mirae Asset Financial Group is preparing to launch a bitcoin covered call exchange traded fund (ETF) for global investors to foray into the cryptocu...
Must Asset calls on Young Poong to take steps to boost shareholder value
South Korea’s Young Poong Corp., embroiled in a fierce management control dispute with Korea Zinc Inc., is now the target of an activist fund ...
MBK Partners tipped to win battle for control of Korea Zinc
A consortium led by North Asia-focused buyout firm MBK Partners edged closer to winning the battle for control of Korea Zinc Inc. against the s...
LG’s telecom unit to spend $2.1 bn on transition into AX company
LG Uplus Corp., South Korea’s No. 3 mobile carrier, plans to invest up to 3 trillion won ($2.1 billion) in artificial intelligence and foster ...
Align Partners calls on Doosan Bobcat to boost shareholder value
Align Partners Capital Management Inc., a South Korean activist fund, has called on Doosan Bobcat Inc., a global construction machinery maker owned ...
Stock-rich KCC's shareholdings exceed its market cap
KCC Corp., a paint and glass maker but better known as a white knight for South Korean conglomerates, holds more than 4 trillion won ($3 billion) wo...
After Mercedes Fire, EV Owners Want to Know What Battery They Have
SEOUL—The uproar over a Mercedes-Benz electric vehicle that burst into flames in South Korea this month wasn’t only about fire...
Samsung’s new chip leader calls for restoring competitiveness
It is urgent to restore Samsung Electronics Co.'s competitiveness in the semiconductor business, the chip division’s new head said in his firs...
Doosan Robotics, Bobcat ordered to clarify merger deal
South Korean regulators have ordered Doosan Robotics Inc. to amend the securities prospectus it submitted last week for its merger with Doosan Bobca...
Samsung Elec calls for C-Lab Outside applications
Samsung Electronics Co. announced on Monday that it will enlist startups to participate in its external startup incubation program C-Lab Outside unt...
Doosan Robotics, Bobcat merger prompts call for law revision
Doosan Group’s announcement of a merger between Doosan Robotics Inc. and Doosan Bobcat Inc. has met with strong criticism from investors and p...
Mirae Asset's US dividend premium fund surpasses $72 mn in net assets
South Korea's Mirae Asset Global Investments Co. announced on Tuesday that the net assets of its Mirae Asset US Dividend Premium Fund, which invests...
Biden exempts graphite from EV mineral sourcing rule in win for Korea
WASHINGTON, D.C. – The US government has given automakers additional flexibility on battery mineral requirements, allowing electric vehicles w...
HYBE conflict vs NewJeans label set to escalate into legal battle
HYBE Co., the company behind boy band BTS, has reported Min Hee-jin, the chief of popular girl group NewJeans’ label ADOR, to police for inves...
SK Innovation to adjust business portfolios for long-term growth
SK Innovation Co., South Korea’s top energy company, is slated to adjust its business portfolios for long-term growth while not planning to sl...
Growing controversy over call to share profits for using wind energy
Renewable energy companies in South Korea are facing growing pressure to share their profits from wind or solar energy electricity generation, stirr...
SK Innovation reshuffles units to raise value
SK Innovation Co., South Korea’s top energy company, is reorganizing its subsidiaries to boost their individual values through independent man...
Korea’s LG telecom unit unveils AI agent with own technology
LG Uplus Corp., South Korea’s No. 3 mobile carrier, has introduced an artificial intelligence agent platform based on its own ixi AI technolog...
JB investors urged to oppose Align's call for board overhaul
Global proxy advisors International Shareholder Services Inc. (ISS) and Glass Lewis & Co. have expressed their opinion that there is no need for...
Tmax Group to draw more than $572 mn to buy back Tmaxsoft
South Korea's leading software company Tmax Group is set to draw at least 750 billion won ($572.3 million) and a maximum of 1 trillion won from Seou...
LG Uplus unveils AI Callbot at Cuckoo call center
South Korea’s LG Uplus Corp. announced on Tuesday that it will introduce the smart customer support solution artificial intelligence (AI) Call...
Warren Buffett’s IMC to invest $98 million in Daegu for chip materials plant
DAEGU – The IMC Group, owned by Warrant Buffett’s Berkshire Hathaway Inc., will invest 130 billion won ($98 million) to build a semicond...
Govenment calls end to Korean financial group heads' long-serving posts
South Korean financial group chiefs will no longer enjoy automatic term extensions as the government is stepping up pressure on the groups to improv...
