Hyundai Steel to displace Baoshan as GM Korea's supplier
Hyundai Steel Co. is poised to displace Baoshan Iron & Steel Co. as a key supplier to GM Korea Co., a unit of General Motors Co., as the US carm...
POSCO Future M to make spherical graphite as it cuts dependence on China
POSCO Future M Co., South Korea’s leading battery materials maker, is set to manufacture spherical graphite – a critical material for ba...
Seoul Guarantee Insurance to raise $124 million from IPO
Seoul Guarantee Insurance Co. (SGI) will raise 181.5 billion won ($124.2 million) through an initial public offering later this month in its second ...
Korea Zinc shares skyrocket after buybacks in tender offer
Shares in Korea Zinc Inc. soared on Thursday, a day after completing its buybacks, driven by institutional investors covering shorts on the stock an...
Doosan to resume Bobcat, Robotics merger with new ratio
South Korea’s plant and machinery powerhouse Doosan Group will resume the merger of Doosan Bobcat Inc. and Doosan Robotics Inc. using a new me...
NPS to veto SK Innovation’s merger with LNG affiliate
South Korea’s National Pension Service (NPS), manager of the world’s third-largest public pension fund, said on Thursday it is set to ve...
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...
SK Innovation to be Asia’s top energy company through merger
SK Innovation Co., South Korea’s largest energy company, is set to become the industry leader in Asia through a merger with an affiliate while...
Hyundai Motor to set up software R&D center in Silicon Valley
Hyundai Motor Group, the world’s third-largest carmaker, is set to establish a software research center in Silicon Valley as software is becom...
SK On to sell $360 mn in perpetual bonds amid tough EV market
SK On Co., the world’s fifth-largest electric vehicle battery maker, plans to sell 500 billion won ($359.6 million) in its first perpetual bon...
Korea’s Shinsegae building unit to raise $478 mn to cut debts
South Korean retail giant Shinsegae Group’s building unit, suffering amid difficulties in the local real estate project financing sector, is s...
Korea Inc. nearly triples dividend payments in decade
Cash dividend payments by companies listed on the Korea Exchange, the country's main bourse, have nearly tripled in a decade. They have returned a l...
Korea Inc. ups dividend payouts despite falling net income
South Korean companies listed on the main bourse Kospi raised their dividend payouts between 2021 and 2023 despite falling net income in the same pe...
Kospi 200 firms' values sharply below MSCI developed market rivals
South Korea’s listed firms are undervalued compared with companies in public markets of developed and emerging countries, according to the Kor...
S.Korea asks savings banks to raise capital to avoid crisis
South Korea’s top financial regulator advised about 10 local savings banks in trouble to increase their capital by the end of this month to pr...
Korea’s Shinsegae replaces building unit chief amid property downturn
South Korea’s retail giant Shinsegae Group on Tuesday replaced the head of its construction unit amid the sluggish property market, adding to ...
LG Electronics unveils UltraGear OLED gaming monitors
LG Electronics Inc. announced on Monday that it unveiled LG UltraGear gaming monitors that can switch resolution and refresh rate according to conte...
Hanmi Science-OCI merger may gain traction with NPS' support
The merger of South Korea’s pharmaceutical holding firm Hanmi Science Co. and chemicals giant OCI Holdings Co. is likely to gain momentum as N...
Korea eyes $1.5 bn injection in KDB to boost chip, battery sectors
South Korea may inject some 2 trillion won ($1.5 billion) into Korea Development Bank (KDB) by the end of this month to support the state-run bank's...
South Korea’s corporate tax-to-GDP ratio hits record high
South Korean companies paid more corporate taxes than their rivals in developed countries in 2022, losing competitiveness, with the nation’s c...
SK Square pauses talks with Qoo10 over 11Street deal
SK Square Co., an investment arm of South Korea’s No. 2 conglomerate SK Group, has suspended negotiations with Singapore-headquartered e-comme...
KB Financial beats profit forecast on higher interest rates
KB Financial Group Inc., South Korea’s top financial holding company by assets, on Tuesday reported better-than-expected net profit in the thi...
Red ginseng proven to treat drug addiction: Research
It has been revealed that red ginseng significantly improves drug addiction and withdrawal symptoms caused by substance abuse. The research results ...
S.Korea’s Gopizza to open branch at Singapore Changi airport
South Korean food tech startup Gopizza, known for its single-serving pizza prepared by robots, on Tuesday said it will open a branch on Nov. 1 at Si...
K-pop without ‘K’ nurtured to evolve into global mainstream
Bang Si-hyuk, founder and chairman of South Korea’s entertainment powerhouse HYBE Co., has been leading a global girl group audition program i...
Korea’s heavy dependence on China for raw materials deepens
While the urea crisis in 2021 laid bare South Korea’s heavy dependence on China for basic raw materials, concerns are growing that Korea&rsquo...
China sets up battery JVs with S.Korea to bypass IRA
Chinese battery materials suppliers are rushing to expand their production bases in South Korea, mainly in partnership with domestic companies.Such ...
NPS vows to raise alternative investment ratio, cut bond purchases
South Korea’s National Pension Service (NPS), the world’s third-largest public pension fund, plans to raise the ratio of its alternative...
Korea's loan delinquency rates soar; outlook to worsen in H2
South Korean banks are seeing loan delinquency rates surge due to the increase in lending during the pandemic and a series of rate hikes. The rates ...
S.Korea’s Woori Financial profit up on interest rate margins
Woori Financial Group, South Korea’s fourth-largest financial holding company, logged growth in a quarterly net profit as larger interest rate...
